LLOYD LOWNDES, ESQUIRE, GOVERNOR.

and to receive payment for same by checks, drafts, currency,
legal tenders or other equivalents of lawful money ; provided,
however, that the said company may issue non-assessable poli-
cies when at least twenty-five hundred shares of said stock
have been subscribed and paid for, which said capital, or so
much thereof as may be deemed advisable shall be invested in
stocks, bonds or loans on collateral security, approved by the
board of directors or the executive committee.

1201

SEC. 2. Be it further enacted, That the charter of said com-
pany shall be perpetual ; that this Act shall not affect the
present contracts or status of said company or its policy
holders on the mutual plan; that the stockholders shall elect
the board of directors, and the said directors may declare and
pay dividends as agreed on from the net earnings of the company
to the stockholders as other corporations do under the laws of
Maryland ; that this Act or any amendments thereto may ba
altered, amended or repealed at pleasure.

Charter
perpetual.

SEC. 3. Be it further enacted, That this Act shall take effect
from the date of its passage.
Approved April 14, 1898.

CHAPTER 520.
AN ACT requiring the State Board of Education and the
Board of Public School Commissioners of Baltimore City to
furnish the public schools of this State with a text-book upon
civil government, in addition to the text-books now furnished,
and to have the same taught therein.

Effective.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the State Board of Education and the Board of
Public School Commissioners of Baltimore city be and they
are hereby required to furnish the public schools of this State
with a text-book upon civil government in addition- to the text-
books now furnished them, and shall be included in the branches
of study now taught in the public schools, and shall be taught
to and be studied by all pupils whose capacity will admit of it,
in all departments of the public schools of this State, and in
all educational institutions supported wholly or in part by
money from the State.

Text-books
upon civil
government.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 9, 1898.

76

Effective.