1842

FRANCIS THOMAS, ESQUIRE, GOVERNOR.

CHAP. 51.

CHAPTER 51.

Passed Jan.
27, 1843.

An act to incorporate the Equitable Life Insurance Society,
of Baltimore.

Preamble.

WHEREAS, David Parr, Robert B. Varden, David Tool,
John W. Woods, Robert R. Crawford, William C. Cun-
ningham, Henry Bayley, and others, have formed them-
selves into a society for the laudable purpose of affording
relief to each others' families in the event of death, and
have prayed an act of incorporation, that they may the
better execute their intentions, and the legislature being de-
sirous of promoting such useful institutions: — Therefore,

Incorporated.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That David Parr, Robert B. Varden, David
Too), John W. Woods, Robert R. Crawford, William C.
Cunningham and Henry Bayley and others, that now are,
or may hereafter become members of said corporation
herein erected, or may be admitted into the said corpora-
tion, agreeably to the constitution, rules and bye-laws of
the same, and their successors, are hereby declared to be
one community, corporation and body politic, by the name,
style and title of The Equitable Life Insurance Society of
Baltimore', provided nevertheless, that the said corporation
may be dissolved at any time by the consent of its mem-
bers as is hereinafter provided.

Officers.

SEC. 2. And be it enacted. That the affairs of the said
society shall be managed and conducted by a President,
Vice President, Secretary, Treasurer and three Stewards,
to be elected annually, on the second Thursday in May, in
each and every succeeding year, in such manner as the said
society shall think proper to appoint.

Corpora-
powers.

SEC. 3. And be it enacted, That the present members of
' the said society, and their successors by their corporate
name, shall and may have succession, and shall and may be
persons able and capable in law to purchase, take, have
and enjoy, to them and their successors, in fee or lease es-
tate or estates, any lands, tenements, rents, annuities, chat-
tels, United States stock, bank stock, registered debt, or
other public securities, within this state, by gift, purchase
or devise of, or from any person or persons, body politic or
corporation, capable to make the same, and the same at
their pleasure to alien, sell, transfer or lease, in such man-
ner as they may judge most conducive to the charitable

Proviso.

uses of said society, provided nevertheless, that the said cor-
poration shall not at any one time hold or possess property,
real, personal or mixed, exceeding in total value the sum
of ten thousand dollars.