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Session Laws, 1902 Session
Volume 476, Page 702   View pdf image (33K)
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702

LAWS OF MARYLAND.

CHAP. 479.

Notice of
election to be
given.

papers published in the city of Baltimore, State of Maryland,
of the time and place of said annual election, sand when a
meeting shall be held in pursuance of such notice, it shall be
organized and its proceedings be conducted as may be pre-
scribed by the by-laws of said company.

Power given
to Insure and
guarantee
the fidelity of
persons, etc.

SEC. 5. And be it further enacted. That said company be
and it is hereby authorized and empowered to insure and
guarantee the fidelity of any person or persons, firm or firms,
joint stock company or joint stock companies, corporation or
corporations, holding places of trust or responsibility in, to or
under any State, county, city, corporation, company, partner-
ship, person or persons whatsoever ; to become surety for the
faithful performance of any trust, office, dnty, contract or
agreement ; to supersede any judgments, or to go upon any
appeal or other bond ; to enter into fidelity guarantees of all
kinds or to insure the performance of any lawful undertaking
whatsoever, upon such terms as may be agreed upon or estab-
lished by said company. And said company is further author-
ized to become sole surety in all cases where by law, one, two
or more sureties are required for the faithful performance of
any trust or office, and it shall and may be lawful for any
Court, register, clerk or other officer of any Court to approve
the bond or undertaking of said company as sole surety in all
such cases; but in such cases the officers and affairs of said
company may be subject to examination at any time by such
Court, or by the oSicers or agents thereof, who may be by
such Court directed to make such examination. And it shall
be lawful for said company to stipulate and provide for
indemnity from the parties aforesaid for whom it shall so
become responsible and. to enforce any bond, contract, agree-
ment, pledge or other security made or given for that purpose.
SEC. 6. And be it further enacted, That said company be
and it is hereby authorized and empowered to insure, guar-
antee and indemnify any person or persons, firm or corpora-
tion against any and all loss, damage or liability arising from
or occasioned by theft, larceny, robbery or burglary, and to
execute and perfect all such instruments as may be required
therefor.

Authority to
insure the
fidelity
of persons
holding
places
of trust, etc.

SEC. 7. And be it further enacted, That said company be
and it is hereby authorized and empowered, either solely or
jointly, with one or more other sureties, to insure and become
surety for the fidelity of persons holding places of trust or
responsibility, public or private, in, to or under the United
States Government, or any colony, province or territory
thereof, and in, to or under any foreign country or govern-
ment, or any colony, province, department, city or county



 
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Session Laws, 1902 Session
Volume 476, Page 702   View pdf image (33K)
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