62

LAWS OF MARYLAND

Meetings.

Sec. 17. And be it enacted, That the President
and Directors may call a general meeting.of the
stockholders for any purpose relative to the affairs
of the company, giving at least fifteen days notice
thereof in two daily newspapers of the city of Bal-
timore, and any number of stockholders, not less
than fifty, holding together not less than five hun-
dred shares of the company, may at any time ap-
ply to the President and Directors to call a general
meeting of the stockholders for any purpose rela-
tive to the affairs of the company, and if the Presi-
dent and Directors refuse to call such meeting the
number of stockholders proprietors of the said
number of shares, shall have power to call a gene-
ral meeting of the stockholders, giving at least fif-
teen days notice in said newspapers published in
the city of Baltimore, specifying in such notice the
object of the meeting.

Banking pri-
vileges prohib-
ited.

Sec. 18. And be it enacted, That nothing herein
contained shall be so construed as to confer bank-
ing privileges on said company to issue any note,
token, scrip, device or other evidence of debt to be
used as currency.

May accept
additional
powers.

Sec. 19. And be it enacted, That a majority in
amount of the whole number of stockholders may in
their discretion, accept and exercise any additional
powers and privileges which may at any time be con-
ferred upon this company either by amendments of
this act or by any other act hereafter to be passed.

In case of
partial destruc-
tion — award
how to be de-
termined.

Sec. 20. And be it enacted, That in case of a
partial destruction by fire, the loss shall be deter-
mined by assessors to be appointed as follows: The
person whose property is insured shall have the
privilege of selecting one disinterested person, and
in ten days thereafter the Board of Directors of
this company shall select another, and in case of
neglect or refusal of said President and Directors
to appoint such assessors within thirty days there-
after, then the person whose property has been in-
jured shall be authorized to appoint both assessors;
should those two persons disagree in their valua-
tion of a loss they shall select another disinterested
person, and the award of a majority shall be final,
and the company shall pay the same within ninety
days after the date of their award.