THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1837.

the levy court of Montgomery county, who are hereby
authorised and required to assess and levy upon their
respective counties so much of the damages, costs and
charges, as occurred in their respective counties, and
the said levy court and county commissioners shall and
may allow to the commissioners hereby appointed, two
dollars per day for every day they may be occupied in
the discharge of the duties hereby imposed on them.

CHAPTER 226.

CHAP. 226.

Commission.

A supplement to an act, entitled, an act to Incorporate the
Globe Insurance Company of Baltimore.

Passed Mar. 17,
1838.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the President and Directors of the
Globe Insurance Company shall have full power and
authority to make insurance against loss or damage by
fire, upon all descriptions of property, and generally
to transact and perform all business relative thereto.

Insurance au-

thorised.

SEC. 2. And be it enacted, That the subscriptions to
the capital stock of the said company shall be payable
as follows, viz: five dollars shall be paid on each share
at the time of subscribing, and five dollars on each
share every thirty days after the organization of said
company, until the whole amount shall be paid; and so
much of the second section of the original act to which
this is a supplement as is inconsistent herewith, is here-
by repealed.

Subscriptions
payable.

SEC. 3. And be it enacted, That in all cases of trans-
fer of stock, before the whole amount is paid up there-
on, the transferor and the transferee shall each be
and remain liable for the payment of the amount still
unpaid, unless at. the time of the transfer the express
assent of the president and directors be obtained to re-
lease the transferor and hold the transferee alone
liable.

Case of trans-
fers.

SEC. 4. And be it enacted, That this act shall have
no force or effect until the stockholders holding at least
three-fourths of the capital stock of said company, shall
have first given their assent thereto.

Ratification re-
quired.