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SECTION 1, Be it enacted by the General Assembly of
Maryland, That H. W. Evans, F. W. Brune, Samuel
Jones, jr., W. E. Mayhew, Thomas Wilson, C. W. Kar-
thaus, J. J. Fisher, H. Birckhead, O. C. Tiffany, J. B.
Howell, M. Bathurst, J. Hopkins, L. Gittings, James
Hooper, Henry Oelricks and J. J. Hoogewerff, their asso-
ciates and successors, arc hereby made a corporation by
the name of the Atlantic Mutual Insurance Company of
Baltimore, for the purpose of making maratime loans and
insurance against maratime losses, 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
and equity in this State or elsewhere, anil to make and have
a common seal, and the same to break, alter and renew at
their pleasure, and also to ordain and establish such by-
laws, ordinances and regulations, as shall appear necessary
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.
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Individuals in-
corporated.
Name.
Legal capacity.
To establish by-
laws.
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SEC. 2. Be it enacted, That no marine policy shall be
issued until application shall be made for marine insu-
rance for the sum of two hundred thousand dollars, and un-
til the expiration of their charter no division of any funds
received by or remaining in the hands of said company, shall
be made among the holders of the scrip thereof, except m
payment of interest on said scrip, as provided in the, nine-
teenth section hereafter, but such funds shall be invested in
securities and stocks as hereinafter provided for.
SEC. 3. Be it enacted, That all persons who shall insure
with the said corporation, and also their executors, admi-
nistrators and assigns, shall thereby become members there-
of, during the period that they shall remain insured, and
no longer.
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Marine poli-
cy — when is-
sued.
Division of the
funds.
Investment.
Persons insur-
ing to become
members.
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SEC. 4. Be it enacted, That annual meetings shall be
held by the members of this corporation for the choice of
directors, and any oilier business that may come before
them, on the first Monday of September in each year, and
notice thereof shall be given in two of the newspapers
printed in the city of Baltimore, ten days previous to said
meeting; the first meeting to be on the first Monday of
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Annual meet-
ings.
Notice required.
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