|
1280
|
LAWS OF MARYLAND.
|
|
|
CHAP. 769
|
real estate; or said company may proceed by suit at law and
execution as hereinafter provided.
SEC. 7. And be it further enacted, That Adrian Posey, John
R. Sinclair, Francis E. Mattingly, Charles E. Wade, Joseph
|
|
|
Directors
created and
officers
appointed.
|
H. Howard, William E. Simpson, John Z. Swann, Price
Gray and John W. Golden are hereby created directors of
the said Southern Maryland Mutual Fire Insurance Company
of La Plata, Maryland, and shall manage its affairs until the
first Monday in January after said company shall have
commenced business, and until their successors shall have
been elected and qualified as hereinafter provided; and such
of said directors ^ as shall be present at their first meeting
shall proceed to organize the company by electing a presi-
dent, vice-president, secretary, treasurer and other officers,
committees and agents deemed advisable, and fix their com-
pensation, if any; and the duties of such officers and all
other matters concerning the regulations of said company
may be provided for in the by-laws, to be adopted as soon
thereafter as practicable; but no directors shall be subject
to liability except as other members.
SEC. 8. And be it further enacted, That it shall be the duty
of the president and secretary to give notice of at least two
|
|
|
Notice of
election
given.
|
weeks by advertisement in some newspaper published in
Charles county of the meeting of members annually, which
shall be held on the first Monday in January in each and
every year for the transaction of such business as may
properly be brought before them and for the election of nine
directors of the company, who shall be members thereof ;
but in case such election should from any cause not be held
on the same day, the company shall not in consequence
thereof be dissolved, but such election may be held at such
subsequent time as may be selected by the board of directors
or a majority of them, At all elections each member shall
have one vote, either in person or by proxy, and such
members as may be in attendance shall constitute a quorum,
every voting proxy being executed in writing before one wit-
ness at least, and filed with the judges of election before the
balloting commences, the election to be conducted by three
judges chosen from the members and not directors; the
judges shall certify, under their hands and seals, the result
of such election, to be filed with the secretary.
|
|
|
![clear space](../../../images/clear.gif) |