THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

from time to time of the state of their affairs; to declare
dividends of the profits, or any portion of the profits
thereof, according to their judgments, and generally, to
exercise all the powers and privileges conferred on or ap-
pertaining to this corporation; provided, the same be
not incompatible with the ordinances passed at general
meetings of the stockholders.

CHAP. 118.

Proviso.

SEC. 6. And be it enacted, That the directors shall be
entitled to a compensation for their services, to be fixed
by the stockholders at a general meeting; and the first

election for directors shall be held within twenty days
after the passage of this act, who shall continue to serve
until the next triennial meeting of the stockholders.

Directors en-
titled to com-
pensation.

First election.

SEC. 7. And be it enacted, That the powers of this
incorporation, shall not be construed to comprehend bank-
ing privileges, or to authorise the issue of any bill or note
in the form or style of a bank note.

Banking for-
bid.

SEC. 8. And be it further enacted, That this act shall
enure for twenty years from the date of its passage, and
that the legislature reserves to itself the right to amend
or annul the same at pleasure.

CHAPTER 118.

Enure for 20
years.

Right reserv-
ed.

An act to incorporate the Mutual Fire Insurance Com-
pany in Kent County.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That William K. Smyth, James T. Dunbar,
Caleb Griffith, John M. Comegys, George B. Westcott,
Peregrine Wroth, Thomas C. Kennard, Hugh Wallis,
Jacob Fisher, William B. Wilmer, Edward Wilkins and
Samuel E. Baker, and their successors and all other
persons who may hereafter become members of the cor-
poration to be created by this act, are hereby created
and declared to be a body politic and corporate, by the

Passed Feb.
12, 1846.

Incorporated.

name, style and title of the Mutual Fire Insurance Com-
pany of Kent County, and by the same name shall have

Name & style.

succession, and shall be able to sue and be sued, to im-
plead and be impleaded, answer and defend, and be an-
swered and defended, in all courts of law or equity in
this State or elsewhere; to have, make and use a com-
mon seal, and the same to break, alter and renew at their
pleasure, and shall have full power and authority to make

Legal capaci-
ty.