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Session Laws, 1916
Volume 534, Page 243   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 243

CHAPTER 149

AN ACT to amend the Charter of the Grangers Mutual Fire
Insurance Company of Frederick 'County, Maryland, by
repealing all of Chapter 382 of the General Assembly of
Maryland passed at the January Session, 1892, entitled
"An Act to repeal Chapter 309 of the Acts of the General
Assembly of Maryland passed at the January Session of
1886, entitled An Act to amend the Charter of the Grangers
Mutual Fire Insurance Company of Frederick County, and
to grant a new Charter to said Company" after Article 1
of Section 2 of said Act, and all subsequent acts amendatory
of said act and supplementary thereto and re-enacting the
same with amendments.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That all of Chapter 382 of the General Assembly of
Maryland passed at the January Session 1892, entitled "An
Act to repeal Chapter 309 of the Acts of the General Assem-
bly of Maryland passed at the January Session of 1886, en-
titled An Act to amend the Charter of the Grangers Mutual
Fire Insurance Company of Frederick County, and to grant s
new Charter to said Company" after Article 1 of Section 2
of said act and all subsequent acts amendatory of said act and
supplementary thereto be and the same are hereby repealed
and re-enacted so as to read as follows:

Section 3. The affairs of the Company shall be managed
by Nine Directors, three of whom shall be elected each year
at the annual meeting from among the members of the Com-
pany, and shall serve for three years and until their successors
are elected and qualified, and any vacancy in the Board of
Directors shall be filled by the remaining Directors to serve for
the unexpired term and the Board of Directors of said Com-
pany as constituted at the time of the passage of this act shall
continue as such for the term for which the members thereof
were respectively elected.

Section 4. The Board of Directors shall at their first meet-
ing after the annual meeting elect a President, Vice-President,
Secretary and Treasurer whose duties shall be such as may
be defined in the by-laws of the Company; they shall also ap-
point all such other officers, agents, solicitors, attorneys, etc.,
as they may deem necessary for the conduct of the business
of the Company and shall fix their compensation.

 

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Session Laws, 1916
Volume 534, Page 243   View pdf image (33K)
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