1845.

LAWS OF MARYLAND.

CHAP. 359.

ceived by them for premiums or other debts due to the
company, and such as may be necessary for then imme-
diate accommodation.

Good and va-
lid.

SEC. 12. And be it enacted, That all policies, contracts
and other instruments, not under seal, made by the said
company, agreeable to their by-laws, shall be good and
valid to all intents and purposes.

Shall keep
clear correct
entries.

SEC. 13. And be it enacted, That the president and
directors shall keep full, fair and correct entries of their
proceedings, which shall at all times be open to the in-
spection of the stockholders.

To give one
months notice
of a general
meeting.

SEC. 14. And be it enacted, That the president and di-
rectors may call a general meeting of the stockholders
for any purpose relative to the institution, they giving at
least one months notice of the same in two or more news-
papers published in the city of Baltimore, and any num-
ber of the stockholders owning not less than five hundred
shares, may at any time apply to the president and di-
rectors to call a general meeting of the stockholders for
any purpose relative to the institution; and if the presi-
dent and directors should refuse to call such meeting,
the said stockholders, being proprietors of not less than
the aforesaid number of shares, shall have power to call
a general meeting of the stockholders, giving at least
one months notice in two or more newspapers published
in the city or Baltimore, and specifying in such notice
the object or objects of such meeting; and the resolutions
of stockholders of a majority of all the shares of the com-
pany's capital stock, in a general meeting assembled,
shall at all times be binding on the company and their
president and directors, if not inconsistent with law and
the provisions of this act.

In force fifteen
years.

SEC. 15. And be it enacted, That this act shall con-
tinue and be in force for the term of fifteen years and un-
til the end of the next session of the General Assembly,
which shall happen thereafter.

Not exempt
from tax.

SEC. 16. And be it enacted, That nothing herein
contained shall be construed to exempt the estate, real,
personal and mixed of said company from taxation, under
any of the laws now in force in this State or which may
hereafter be passed by the General Assembly of Mary-
land; but the same shall be liable thereto to the same ex-
tent as other estates, real personal and mixed, within
the State, and all taxes assessed or levied upon said
property, real personal and mixed, shall be paid off by
the officers of said company and deducted rateably from