THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

scrip certificates or policy holders, be returned to the
holders of said certificates of stock loan, unless it shall
be previously returned in the manner hereinafter provid-
ed, said certificates of stock loan shall be transferable
only on the hooks of the company.

CHAP. 125.

SEC. 4. And be it enacted, That all persons who shall
insure with the said corporation, and all holders of cer-
tificates of stock loan, and all holders of scrip certificates
shall thereby become members thereof, during the period
they shall remain insured or hold said certificates, and
no longer.

Members.

SEC. 5. And be it enacted, That at all meetings held
by the members of this corporation, for the choice of di-
rectors, and any other business that may come before
them, any member holding certificates of stock loan, or
certificates of scrip, or unexpired policy or policies,
which loan, scrip, or premium or unexpired policy or po-
licies, shall separately or taken together amount to the
sum of one hundred dollars, shall he entitled to one vote;
and every member shall be entitled to one vote fur every
even one hundred dollars, which lie may at such time
hold in the form of certificates of stock loan, certificates
of scrip, or premium on unexpired policy or policies,
either separately or taken together; absent members may
vote by proxy; and the voting powers of members shall
be determined five days previous to an election or gen-
eral meeting.

Entitled to
vote.

SEC. 6. And be it enacted, That a special meeting of
this company shall be called by the president and di-
rectors upon the application in writing, of twenty mem-
bers, notice shall be given ten days successively in two
of the newspapers printed in Baltimore, and special meet-
ings of the company may be called whenever the presi-
dent and directors may deem it expedient upon the same
notice.

Special meet-
ings.

SEC. 7. And be it enacted, That for the well ordering
the affairs, transacting the business, and carrying into
effect the objects of said corporation, there shall be nine
directors who shall be members of said corporation at the
time of election, and residents of the city of Baltimore;
the persons named in the first section of this act shall be,
and they are hereby constituted and appointed the first
board of directors of said company, to stive until the first
election as hereinafter provided for, with all the powers
which are conferred upon the directors of the company
by this act.

Nine directors.