EDWIN WARFIELD, ESQ., GOVERNOR.

793

taries and treasurers as may be necessary, which offices may
be held by one person, and to appoint and employ such
other officers, clerks and agents as the business of said com-
pany may from time to time require; all elections by the
stockholders shall be by ballot, and at such elections and at
all the meetings of the stockholders every stockholder shall
be entitled to one vote for every share of stock held by him
or her, but no person shall be eligible as director who is not
a stockholder to the amount of at least twenty (20) shares
of stock.

Section 6. And be it further enacted, That said corporation
shall have the power to insure any person, firm or corpora-

CHAP. 433

tion against any and all loss, damage or liability arising from
or occasioned by or through any negligence, wrongful act or
accident whatsoever, or by theft, larceny, robbery or bur-
glary; also against any damage to plate glass and against
any loss of or damage to any personal property whatsoever,
whether the same be in the possession of the person or firm
or corporation insured, or elsewhere, and whether said loss
or damage be due to accident, negligence or any other cause,
except that nothing herein contained shall authorize the
United Surety Company to insure against loss by fire.

Section 10. And be it further enacted, That the said corpo-

Power given to
insure
against loss
or damage.

ration may carry on and conduct the business of inspecting
boilers, engines and mechanical appliances and machinery:
of all kinds at such rates of compensation, if any, as may be
agreed upon between the said company and the persons for
whom such inspection shall be made.

Section 11. And be it further enacted, That said corpora-

Inspect
boilers,
engines, etc.

tion shall have the further power to insure any person or
persons from death or injury on account of any accident or
casualty whatsoever, and also to insure any person or per-
sons against sickness or disease of any sort or description.

Section 12. And be it further enacted, That said company
shall have the right to purchase and hold, bargain and sell,

Ensure from
death or
injury.

to guarantee, endorse and secure the payment and punctual ,
performance and collection of promissory notes, debts, due
bills, bills of exchange, checks, contracts, bonds, accounts,
claims, warehouse receipts, bills of lading, rents, annuities,
dividends, income, mortgages and interest thereon, choses in
action, evidences of debt, certification of property or value,

Authority to
purchase,
hold and sell
promissory
notes.