PRIVATE ACTS. 1389

CHAPTER 706.

AN ACT to amend the charter and enlarge the powers of the

Baltimore Insurance Company.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Baltimore Insurance Company shall have the
power to make insurance:

(a) Upon dwelling houses, stores and all kinds of buildings;
also upon household furniture, merchandise, ships and other
vessels, and their cargoes in port, and other property, against
loss or damage by fire or lightning, or by windstorms and
tornadoes, and the risks of inland navigation and transporta-
tion.

(b) Upon vessels, freights, goods, wares, merchandise, spe-
cie, bullion, jewels, profits, commissions, banknotes, bills of
exchange and other evidences of debt; bottomry and responden-
tia interests, and to make all and every insurance appertaining
to or connected with marine risks and risks of transportation
navigation.

SEC. 2. And be it enacted, That the said company shall have
power to make reinsurance of any risks to be taken by it.

SEC. 3. And be it enacted, That the directors of said com-
pany may, by vote of a majority of all the directors in office,
make by-laws for the company and amend the same, and may
by such by-laws fix the number of directors, provided said mem-
bers shall not exceed twenty-five (25), and may elect such addi-
tional directors until the next annual meeting of stockholders,
or until their successors are elected.

SEC. 4. And be it enacted, That the directors of said com-
pany may by a vote of a majority of the directors in office ac-
cept any additional powers, privileges or franchises which may
at any time be conferred upon said company by the Acts of the
Legislature of the State of Maryland; provided, that the pur-
pose of the incorporation of said company as set forth in the
first Section of this Act shall in no case be changed without
the consent of all the stockholders at the time of such change.

SEC. 5. And be it enacted, That the capital stock of said
company may from time to time be increased to any amount
not exceeding one million dollars ($1,000,000) by the addition
of new shares of one hundred dollars ($ 100) each; provided
that such increase shall have first been authorized by the votes
of a majority of all the directors of the company in office, and
that the bonus tax thereupon shall be paid¹ to the State of
Maryland as required by law.

SEC. 6. The Board of Directors in said company may dele-
gate power to transact any of its .business to committees of