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Session Laws, 1864
Volume 531, Page 537   View pdf image (33K)
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A. W. BRADFORD, ESQUIRE, GOVERNOR.

secured to be paid to the satisfaction of the Presi-
dent and Board of Directors.

537

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
Baltimore, and any number of stockholders, not
less than fifty, holding together not less than five
hundred shares of the company, may at any time
apply to the President and Directors to call a
general meeting of the stockholders for any pur-
pose relative to the affairs of the company, and if
the President and Directors refuse to call such
meeting, the number of stockholders, proprietors
of the said number of shares, shall have power to
call a general meeting of the stockholders, giving
at least fifteen days notice in said newspaper pub-
lished in the city of Baltimore, specifying in such
notice the object of such meeting.

May call gen-
eral meetings.

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

Banking puv-
ileges prohibit-
ed.

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 addi-
tional powers and privileges which may at any
time be conferred upon this company, either by
amendments of this act, or by any other act here-
after to be passed.

Additional
powers

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 the neglect or refusal of said President and
Directors to appoint such assessor within thirty
days thereafter, then the person whose property
has been injured shall be authorized to appoint
both assessors, should those two persons disagree
in their valuation of a loss, they shall select

68

Jn case of par-
tial destruction
by fire award
how to be de-
termined.



 
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Session Laws, 1864
Volume 531, Page 537   View pdf image (33K)
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