PRIVATE ACTS. 1375

directors shall be elected to manage the affairs of the com-
pany, which directors shall have the power to elect a president
from among their number; and at said election for directors
and at all other elections by the stockholders of said company
each shareholder shall have or be allowed one vote for every
share owned by him or her, and every stockholder shall vote
either in person or by proxy. Other meetings of said stockhold-
ers may be called by the directors or a majority of them accord-
ing to such rules as may be adopted by the by-laws of the
said company, and the directors shall meet as often as neces-
sary for the transaction of business.

SEC. 13. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 8, 1910.

CHAPTER 737.
AN ACT to incorporate the Chesapeake Guaranty Company.

SECTION 1. Be. it enacted by the General Assembly of Mary-
land, That John E. George, James E. Kirwan, Foster Sudler,
William J. Price, Jr., William Anderson and J. Lemuel Roberts,
and their associates, successors and assigns, and all other
persons who may hereafter become stockholders in the
company hereby incorporated, shall be and they are hereby
constituted a body politic and corporate by the name and
style of Chesapeake Guaranty Company, and by that name
shall have perpetual succession and be capable in law to
acquire and hold and in any wise dispose of property, real,
personal and mixed, to sue and be sued, plead and be im-
pleaded in any court of law or equity whatever, to make and
use a common seal and to alter the same at pleasure, and gen-
erally to do, execute and enforce all and singular such acts,
contracts, matters and things as may be necessary and proper
to carry out the objects and purposes and to protect the
interests of said body corporate, and to exercise the power or
powers of this Act conferred upon it. The office of the com-
pany shall be in Centreville, Queen Anne's County, State of
Maryland. And the said company shall have the right to
establish branches or agencies for the transaction of its busi-
ness in any State or Territory of the United States, or in any
foreign country, and to have and appoint managers, agents,
officers and employees to manage the same under the general
authority and direction of the board of directors or the duly,
authorized executive committee.

. SEC. 2. And be it further enacted, That the capital stock
of said company shall consist of four thousand (4,000) shares