58

LAWS OF MARYLAND.
CHAPTER 36.

Passed Feb.
27, 1865.

AN ACT to incorporate the German Fire Insurance

Company of Baltimore.

Incorporated.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Joseph Ruppert, Joseph H.
Audoun, Antone Weiskittel, George Rost, Henry
Strauss, John Baier, Michael Wellinger, August
Wagner, Francis Jluper, Charles Weber, Christo-
pher Grissel, Herman F. Crownfield, Frederick
Wehr, Peter Voley, Isaac Deford, Jacob J. Bankard
and Henry Veese and the subscribers to the stock of
the company and their successors shall be and they
are hereby declared to be a body politic and corpo-
rate, by the name and style of the President and
Directors of the German Fire Insurance Company
of Baltimore, and by that name shall have suc-
cession, and be capable in law to sue and be sued,
plead and be impleaded, answer and be answered,
defend and be defended in all courts of law and
equity or elsewhere, to make and use a common
seal and the same to alter or renew at pleasure,
and generally to do and perform all things relative
to the objects of this institution which now is or
may be lawful for any individual or body politic
or corporate to do.

Capital stock.

Sec. 2. And be it enacted, That the capital stock
of this company shall consist of a sum not exceed-
ing one hundred and fifty thousand dollars, divided
into fifteen thousand shares, at ten dollars each
share, five dollars shall be paid in, at the time of
subscribing, and two dollars and fifty cents, in
twenty days after the company shall have gone
into operation, the balance at such periods as the
Directors may from time time determine, after six-
ty days notice being given, or may be paid from
the net revenue of the company, beyond the divi-
dends of six per centum per annum, and any stock-
holder refusing or neglecting to pay an instalment
when required by the charter or by the Directors,
shall forfeit all interest in the company, and be
held liable for his portion of any loss which may
have occcurred previous to such neglect or refusal.

Forfeiture.

Sec. 3 And be it enacted, That should any for-
feiture occur it may be remitted by a majority of