T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

CHAPTER 77.

CHAP. 77.

SUPPLEMENT to an act entitled, an act to incor-
porate the President and Directors of the Ameri-
can Fire Insurance company of Baltimore, passed
February twenty-third, eighteen hundred and
fifty-eight.

Passed Feb.
24, 1860.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the latter clause of the sixth
section of the act to which this is a supplement, be and
the same is hereby repealed, beginning at the word
"but, " immediately after the word "established, "
being so much of said section as limits the amount
of any single risk to one-tenth of the actual capital
paid in.

Part of 6th
section re-
pealed.

SEC. 2. And be it enacted, That the word "twelve, "
in the seventh section of the act to which this a
supplement, be stricken out, and the word "twenty-
four, " be substituted, hereby authorising twenty-
lour directors, instead of twelve as heretofore.

7th section
amended.

SEC. 3. And be it enacted, That the word "twelve"
in the ninth section of which this is a supplement,
be stricken out, and the word "twenty-four, " be
substituted; and that the board of directors be and
they are hereby authorised and empowered to fill
any vacancy that may occur in said, board during
the interval between the times of the regular elec-
tions of officers of said company to serve for the re-
mainder of the year, or until others are elected.

9th section
amended.

SEC. 4. And be it enacted, That the words "city
of Baltimore only, " in the tenth section of the act
to which this is a supplement, be stricken out and
the words "State of Maryland" and elsewhere in-
serted, and that the company be and they are hereby
authorised to insure property in any part of this
State or elsewhere.

10th section
amended.

SEC. 5. And be it enacted, That in case of the
total loss of any house insured by this company as
described in section twelve of the act to which this
is a supplement, the company shall be and they
are hereby authorised, if they deem it prudent or
expedient, to rebuild the property which was in-
sured by them, and deemed as demolished, leaving
it optional with the company whether they rebuild

In case of
loss the pro-
perty may be
rebuilt.