30

LAWS OF MARYLAND.

stockholders or any of them, for the space of
twenty days after the same shall have been pre-
sented to them.

Not to exer-
cise banking
privileges.

Sec. 9. And be it enacted, That this corporation
shall not be permitted to issue any note, token or
device, or other evidence of debt to be used as
currency ; and the General Assembly reserves to
itself the fight to alter, amend or repeal this act
at pleasure.

In force.

Sec. 10. And be it enacted, That this act shall
take effect from the date of its passage.

CHAPTER 21.

Passed Feb.
10, 1865.

AN ACT to further amend the charter of the
Associated Firemen's Insurance Company of
the city of Baltimore.

Repealed.

SECTION 1 . Be it enacted by the General Assem-
bly of Maryland, That section sixteen of the act
passed December session eighteen hundred and
forty-six, chapter three hundred and fifty two,
entitled, an act to incorporate the President and
Directors of the Associated Firemen's Insurance
Company of the city of Baltimore, and to repeal
an act therein mentioned be, and the same is here-
by repealed, and the following inserted in lieu
thereof:

Authorized
to make insur-
ance.

Sec. 2. And be it enacted, That the President
and Directors shall be and they are hereby au-
thorized to make all kinds of insurance against
fire, also to make re-insurance upon any or all
the risks taken by them, and generally to transact
and perform all business relative to the objects
aforesaid, and also, to invest the capital or funds
of the association from time to time in the public
funds of the United States or any other stock, and
to dispose of the money or property of the associa-
tion in such manner, not contrary to law, as shall