PRIVATE ACTS. 1377

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

SEC. 4. And be it further enacted, That ten (10) days'
notice shall be given by publication in one or more news-
papers published in Centreville, Queen Anne's County, State
of Maryland, of the time and place of said annual election,
and when a meeting shall be held in pursuance of such notice,
it shall be organized and its proceedings be conducted as may
be prescribed by the by-laws of said company.

SEC. 5. And be it further enacted, That said company be
and it is hereby authorized and empowered to insure the
owners of automobiles against loss arising from injury or de-
struction of said automobiles by collision or other accident,
and from loss arising from claims against said owner for
injuries received by other persons or their property caused
by said automobiles, or from loss arising from injuries re-
ceived by said owners in the use of their automobiles, and to
insure and guarantee the fidelity of any person pr persons,
firm or firms, joint stock company or joint stock companies,
corporation or corporations, holding places of trust or re-
sponsibility in, to or under any State, county, city, corpora-
tion, company, partnership, person or persons whatsoever; to
become surety for the faithful performance of any trust, office,
duty, contract or agreement; to supersede any judgments or to
go upon any appeal or other bond; to enter into fidelity guar-
antees of all kinds or to insure the performance of any law-
ful undertaking whatsoever, upon such terms as may be
agreed upon or established by said company. And said com-
pany is further authorized to become sole surety in all cases
where by law, one, two or more sureties are required for the
faithful performance of any trust or office, and it shall and
may be lawful for any court, register, clerk or other officer of
any court to approve the bond or undertaking of said com-
pany as sole surety in all such cases; but in such cases the
officers and affairs of said company may be subject to exami-
nation at any time by such court, or by the officers or agents
thereof, who may be by such court directed to make such ex-
amination. And it shall be lawful for said company to stipu-
late and provide for indemnity from the parties aforesaid
for whom it shall so become responsible, and to enforce any