1843.

FRANCIS THOMAS, ESQUIRE, GOVERNOR.

CHAP. 361.

States; and by that name may sue and be sued, plead and
be impleaded, appear, prosecute and defend in any court
of competent jurisdiction in this state or elsewhere; may
have and use a common seal, may purchase, and hold
such real estate as may be necessaiy to effect the objects
of their association and the same may sell and convey at
pleasure, may make, establish and put in execution such
by-laws, ordinances, and regulations as may be necessary
or convenient for their regulation and government, and
for the management of their affairs, and do and execute
all such acts and things as may be necessary to carry into
effect the purposes intended by this grant.

Persons be-
coming inter-
ested in com-
pany bound
by its provisi-
ons.

Sec. 2. And be it enacted, That all and every person
or persons, who shall at any time become interested in
said company by insuring therein, and also their respec-
tive heirs, executors, administrators and assigns continu-
ing to be insured therein as hereinafter provided, shall be
deemed and taken to be members thereof for and during
the terms specified in their respective policies, and no
longer: and shall at all times be concluded and bound by
the provisions of this act.

Company
to meet on 1st
Saturday of
June annually

Sec. 8. And be it enacted, That there shall be a meet-
ing of said company at D. Engel's store in the county of
Carroll, on the first Saturday of June annually, or on such
other day and at such other place, as said company may
hereafter determine; of which thirty days previous notice
shall be given by publication in at least two newspapers,
one of which shall be printed in the county of Carroll,
and one in the county of Frederick, and in general circu-
lation, stating the time, place and design of said meeting,
at which meeting shall be chosen by a majority of the
members present, a board of directors consisting of not
more than nine nor less than five members, who shall con-
tinue in office until others have been chosen and accepted
the trust in their stead; all vacancies happening in said
board may be filled by the remaining members until the
next annual meeting; and a majority of the whole num-
ber present shall constitute a quorum for the transaction
of business; special meetings of the company may be call-
ed by order of the directors, or in such manner as the by-
laws thereof may have prescribed.

Board of di-
rectors to su-
perintend con-
cerns of com-
pany.

SEC. 4. And be it enacted, That the board of direc-
tors shall superintend the concerns of said company and
shall have the management of the funds and property
thereof, and of all matters and things thereunto relating,
and not otherwise provided for by said company; they
shall have power from time to time to appoint a secretary,
treasurer and such other officers, agents and assistants,