1804.

NOVEMBER. LAW S OF M A R Y L A N D.

C H A P.

XLI.

and Proud, Hugh M^cCurdy, Greethain and Devereaux, John Martin, Hezekiah Clagett, Henry Mea-
sonnier, Lewis Pascault, James and Thomas Wilson, Gooding, Hutchings and Company, Henry
Schroeder, George F, Warfield, Albert Seekamp, James West, Thomas Cole, James Biays, John
Merrymau, Henry H. Garroll, George Repold, George Salmon, Henry Craig, Henry Courtenay,
Henry Didier, Isaac Burneston, Wales and Clopper, Govert Haskins, Andrew Buchanan, William
and Hugh Neiison, Charles Ghequire and H. Kunckel, Joseph Sterrett, David C. Stewart and Company,
Andrew Hazlehurst, Lemuel Warfield, Von Kapff and Brune, Campbell and Ritchie, Alexander
Webster and Company, William B. Magruder, John Barrow, Samuel and Elie Clagett, Joshua Dor-
sey, William Van Wyck, Basil Elder, Jonathan Alanro, Lemuel Taylor, Thomas Tenant, C. and
J.H. Pennington, Alexander Robinson, Luke Tiernan, William Tayior, Amos A. Williams, Thorn-
dick Chase, josias Rutter, Andrew and Thomas Ellicott, William Vance, Charles Burrall, John F.
Kennedy, George Price and Company, Gerard Topken, Moses Shephard, C. A. Warfield, Benjamin
Williams, John, Diffenderffer, Samuel Chase, Payson and Smith, Joseph Gallego, John Partridge,
F. J. Mitchell, Lorman and Fulford, John Trimbie, John Weatherbourn, James M^cHenry, James
Cox, Tagart and Calwell, Stricker and Beatty, Philip Rogers, John Southerland, Daniel Carroll, of
Duddington, G. W. Moore, J. E. Dorsey, Solomon Birkheact, William Fulford, Ignatius Perry,
William Prestman, Walter Dorsey, John Randall, Abraham Worthington and Thomas Poultnay,
and such other persons as shall hereafter become stockholders in the said company, shall be and are
hereby created and declared to be a body politic and corporate, by the name, style and title, of The
Union Insurance Company of Maryland, and by the same name shall have perpetual succession, and
shall be able to sue and be sued, implead and be impleaded, in all courts of law or equity in this
state or elsewhere, and to make a common seal, and the same to break, alter or renew, at their plea-
sure, and also to ordain and establish such by-laws, ordinances and regulations, as shall appear ne-
cessary for regulating the concerns of the said corporation, not being contrary to this act, or to the
constitution and laws of this state, or of the United States.

Capital stock,
&c.

III. AND BE IT ENACTED, That the capital stock of said corporation shall be sixty thousand dol-
lars, divided into six hundred shares of one hundred dollars each, and that no corporation or body
politic shall be admitted members of the said corporation, nor shall any person or co-partnership be
a proprietor of more than ten shares in the same.

Directors to be
chosen, &c.

IV. AND BE IT ENACTED, That for the well ordering the affairs of the said corporation, there
shall be thirteen directors, each of them at the time of his election being, and while in office
continuing to be, a stockholder in the said company, and that they shall be chosen by ballot
on the last Monday of March, in the year one thousand eight hundred and five, and on the
same day in every year thereafter, by a plurality of votes of the stockholders present, or by proxy,
each stockholder having as many votes as he may have shares, and the directors so chosen shall serve
for one year next ensuing the elections respectively, and until others shall be chosen, and no longer,
and at their first meeting after each election, shall choose one of their own number as president;
and should it at any time happen that an election of directors shall not be made upon the day when
pursuant to this act it ought to have been made, the said corporation shall not for that cause be deem-
ed to be dissolved, but it shall be lawful on any other day, within ten days thereafter, to hold and
make an election of directors, in such manner as shall have been regulated by the by-laws and ordi-
nances of said corporation; and in case of the death, removal from the state, resignation, inability,
or other disqualification of the president, or any director, the place of such president or director
for the remainder of the year, shall be filled up by the board of directors for the time being

Proviso.

V, PROVIDED ALWAYS, AND BE IT ENACTED, That the present president and directors of the
said insurance company, to wit: Samuel Sterrett, president, and William Van Wyck, John J. Mar-
tin, Luke Tiernan, Lewis Pascault, Robert Barry, William Taylor, Thorndick Chase, Charles
Ghequire, Robert McCandless, Amos A. Williams, John G. Proud and Hugh Neiison, directors,
shall continue to act as such until the last Monday of March, in the year eighteen hundred and five,
and during that period may exercise all the powers, and shall be bound by all the limitations and pro-
visions, which any future president arid directors may exercise, or shall be bound by, in virtue of
this act.

Names to be
entered in a
book, &c,

VI. AND BE IT ENACTED, That the directors to be chosen as aforesaid shall immediately cause to
be entered in a good and sufficient book, in folio, the names of all the members of the corporation,
with their number of shares thereto respectively annexed, and in the same book they shall also cause
to be entered each and every transfer that shall from time to time be made of any of the said shares ;
and the stock of the said corporation shall be assignable and transferrable, under such rules, regu-
lations and by-laws, as shall be prescribed in that behalf by the said body corporate.