1843.

FRANCIS THOMAS, ESQUIRE, GOVERNOR.

chap. 325.

after, any law, custom or usage to the contrary notwith-
standing.

CHAPTER. 325.

Passed March
9, 1844.

A supplement to an act to incorporate the General Insurance
Company of Maryland.

Name and
style changed.

Section 1. Be it enacted by the General Assembly qf
Maryland, That from and after the first day of June, eigh-
teen hundred and forty four, the name, style and title of the
General Insurance Company of Maryland, incorporated by
the act to which this is a supplement, shall be changed to
the General Mutual Insurance Company of Maryland, and
by this name shall have perpetual succession, and shall be
able to sue and be sued, implead or be impleaded in all
courts of law or equity in this State or elsewhere; &nd 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 new by-laws, ordinances and regulations as shall ap-
pear necessary for regulating the concerns of the said cor-
poration, and to carry into effect the provisions of this act,
the same not being contrary to the constitution and laws of
this State or of the United States.

Stockholders
to receive six
per cent.

Sec. 2. And be it enacted, That the stockholders shall
receive six per centum yearly on the capital stock of one
hundred and fifty thousand dollars, which shall be paid
semi-annually, before any other disposition shall be made
of the income of said company; and in case of a deficiency
of means in any one year, to meet the said interest, the
same shall be made good the succeeding year or as soon
thereafter as the business and revenues of the company will
permit, it being the true intent and meaning of this act, that
should the said capital stock or interest not divided thereon
be at any time required to meet any demands against the
said corporation, such amount shall be made good to the
stockholders before estimating or dividing the profits of the

Officers to
cause to be
made estimate
of profits.

business.
Sec. 3. And be it enacted, That the officers of the said
company, at the expiration of one year, which for the pur-
poses of this section shall commence on the first day of
June, eighteen hundred and forty-five, and within one month
thereafter, and within the first month of every subsequent
year, shall cause an estimate to be made of the profits of the
business, and a true statement of the affairs of said com-
pany, as far as may be, for the preceding year, and such