THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

the matters therein intended to be moved, proposed or
transacted, notice shall be given by the board in two or
more newspapers published in the city of Baltimore, at
least three weeks before the time of such meeting: which
general meetings shall be capable of acting and manag-
ing the affairs of the company, that shall then come be-
fore them, and all and every the said general meetings,
may and they are hereby declared, to have full power
and authority to consider of, and determine concerning
all or any the matters and things relating to the said
company, and the support, preservation, satisfactory
management and good order thereof, at which general
meetings, the determination of a majority of the members
present shall be conclusive and binding on the whole

company.

CHAP. 50.

SEC. 4. And be it enacted, Thai the direction and

management of the company, and all the affairs thereof,
from time to time, shall be intrusted with and committed
to twenty-five of the members, who shall be called the
board of directors of the Mutual Life Insurance Compa-
ny of Baltimore, and the said board of directors, shall
have full power and authority to act and proceed therein
as hereinafter is more particularly provided and express-
ed, and in case of death, resignation or disqualification
by ceasing to be a member or refusal to act of any direc-
tor, it shall be in the power of the said board to fill up
the vacancy occasioned thereby.

Management
of company in-
trusted to the
board of di-
rectors.

SEC. 5. And be it enacted, That at the general meet-
ing in January annually, twenty-five members of the

company shall be chosen by ballot to be directors for the
year ensuing, the election to begin on the first day of the
meeting and be continued by adjournment if necessary;
and when the election is finished, the general meeting
may proceed to other business and not before, which di-
rectors shall within ten days thereafter, choose a presi-
dent from their own body, and thirteen directors shall
constitute a quorum; and for the better and immediate
forming and establishing the company twenty-five mem-
bers, viz: Thomas M. Abbett, Thomas Phenix, John H.
Barnes, Enoch P. Holden, John A. Thompson, John
Marshall, Henry S. Sanderson, Archer Ropes, Levi
Taylor, John B. Emery, William Bayley. Richard Mar-
ley, Henry W. Krebs, James Lovegrove, James L.
Ridgely, James Young, William S. Espey, John H. T.
Jerome, William L. McCauley, John Fossett, Samuel
Child, William Colton, David Martin, Jacob Means,
and James Lucas, the first mentioned Thomas M. Ab-

Directors cho-
sen by ballot.