A. W. BRADFORD, ESQUIRE, GOVERNOR.

part thereof, when required by the said corpora-
tion.

203

Sec. 3. And be, it enacted, Thafrit shall be the
duty of the President or Secretary of the Mutual
Fire Insurance Company of Baltimore county, an-
nually to give notice, of at least two weeks, by
advertisement in some newspaper published in
Baltimore, Carroll and Frederick counties and Bal-
timore city, of the election required to be held on
the first Monday of March in each and every year,
for thirteen directors of said company, who shall
be members thereof; but in case such election
should, from any cause, not be held on the said
day, the company shall not, in consequence thereof,
be dissolved, but such election maybe held at such
subsequent times as may be selected by the Board
of Directors, or a majority of them ; and at such
elections each member shall have one vote, and
may vote either in person or by proxy, and no
proxy shall be deemed valid unless it shall have
been executed' and delivered within the fiscal year
immediately preceding the election to be held.

Directors —
notice of elec-
tion, &c.

Sec. 4. And be it enacted, That the fiscal year
of this company shall begin on the first day of
March and terminate on the last of February in
each and every year, computing from the first day
of March, eighteen hundred and sixty-one; and
the Secretary shall make a detailed statement of
the condition and affairs of this company, which
shall be, by the Board of Directors, submitted to
the examination of a committee of such number of
persons, members of the company or otherwise, as
they appoint for that purpose, and the report of
said committee shall be annually published and
distributed among the members of the said com-
pany, in such form as the Board of Directors may
prescribe.

Annual state-
ments, &c.

Sec. 5. And be it enacted, That the said Board,
of Directors shall have full power and authority
to amend or revoke any policy of insurance by
them issued, whenever they deem it for the inter-
est of said company so to do.

Power to re-
voke policies of
insurance.

Sec. 6. And be it enacted, That this act shall
go into effect only after it shall have been accepted

In force.