|
|
SECTION 1. Be it enacted by the General Assembly of
Maryland, That Charles W. Baker, Stevenson A. Williams,
Thomas H. Robinson, Christian Smith, Edward H. Hall,
Willard G. Rouse and T. Littleton Hanway and the sub-
scribers to the stock of the corporation hereby created, and
their successors and assigns, be and they are hereby created a
body corporate by the name and style of the Commonwealth
Insurance Company, and by that name shall have perpetual
succession, and shall be competent to sue and be sued in any
Court of Law or Equity whatsoever, to have and use a com-
mon seal, to alter the same at its pleasure and to make and
adopt a constitution and by-laws for the government of said
body corporate and its officers, agents and employes, and from
time to time to amend the same ; provided, such constitution,
by-laws or amendments thereto shall not conflict with the
Constitution and laws of this State or of the United States ;
to elect or appoint directors, officers and agents, and generally
to do, execute and enforce all and singular such acts, contracts,
objects and purposes, and to promote the interests of said
body corporate, and to exercise the power or powers by this
Act conferred upon it, and for that purpose shall have the
right to establish and maintain a home office and branch
offices or places of business in Bel Air, Harford county, Mary-
land, and elsewhere.
|
Body
corporate
|
|
|
|
SEC. 2. And be it enacted, That the capital stock of said
corporation shall consist of one thousand shares of the par
value of one hundred dollars each ; and said corporation shall
have the right to increase its capital stock from time to time,
by a vote of the stockholders at a special meeting or meetings
called and held for that purpose, to any sum or sums not
exceeding five thousand shares of a par value of one hundred
dollars each, or tive hundred thousand dollars.
|
Capital stock,
with
privilege to
increase
same.
|
|
|
|
SEC. 3. And be it enacted, That the above-named incor-
porators, or a majority of them, shall have power to open
books for the subscription of stock at such times and places as
they may deem expedient, and when not less than one thou-
sand shares have been subscribed the stockholders may elect a
|
Books opened
for
subscriptions
to capital
stock.
|
|
