1839.

LAWS OF MARYLAND.

CHAP. 265.

Capital stock.

SEC 2. And be it enacted, That the capital stock of
said company shall not be less than three thousand dol-
lars, nor more than one hundred thousand dollars, to be
divided into shares of twenty dollars each, to be raised
by subscription, and that the said company shall have the
right to purchase real or leasehold estate, not exceeding
five thousand dollars.

In force.

Banking forbid.

Rights reserved.

SEC. 3. And be it enacted, That this act shall be in
force from the passage thereof thirty years, and no longer.
SEC. 4. And be it enacted, That nothing herein con-
tained shall be so construed as to authorise or empower
said corporation to issue any note, certificate, token or
evidence of debt, to be used as currency; and the right
is hereby expressly reserved to the General Assembly of
Maryland, at its pleasure, to alter, amend, or annul this
act of incorporation.

CHAPTER 265.

Passed Mar. 16,
1840.

A supplement to an act, entitled an act to incorporate the
Baltimore United Fire Department.

Preamble.

WHEREAS, doubts have arisen whether the Convention
of Delegates of the Baltimore United Fire Department,
authorised by the act to which this act is a supplement,
have the power under the fourth section of the said act, to
invest permanently upon interest, the nett proceeds arising
from the fund now set apart by the said institution to the
benevolent purpose of affording relief to disabled firemen;
and whereas, in the experience of the said Baltimore Uni-
ted Fire Department, further powers than are now granted
by the act incorporating the said institution seem necessa-
ry to enable them effectually to suppress riot and insubor-
dination at fires — therefore,

Investment of
stock, &c. to
be made.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the board of select delegates of the Bal-
timore United Fire Department, be and they are hereby
authorised, with permission of the Baltimore United Fire
Department, to invest permanently, from time to time, in
Baltimore city, or other public securities, such part of the
nett proceeds arising annually from the Baltimore city
stock or any other resources held by the said institution,
as may not be required for the relief of disabled fire-
men.