1849.

LAWS OF MARYLAND.

CHAP. 154.

president and directors, or a majority of them, for the
benefit of said company; but the said president and di-
rectors, or a majority of them, may remit, such forfei-
ture, on such terms as they shall deem proper.

Banking forbid.

SEC. 8. And be it enacted, That nothing in this act
be so construed, as to authorise the said corporation to
issue any note, token, device, scrip, or other evidence
of debt, to be used as a currency.

In force.

SEC. 9. And be it enacted, That this act shall com-
mence and be in force from and after the passage there

of, and that it shall at all times from the organization of
the company be liable to be amended or repealed at
the pleasure of the Legislature.

CHAPTER 154.

Passed Feb.
5, 1850.

An act to incorporate the Franklin Health Insurance
Company, of Baltimore.

Incorporated,
&c.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Stephen Lawson, Robert H.

Archer, George S. Wimmel, R. B. Porter, John H. T.
Jerome, Charles J. Wyeth, and Charles Dunlap, and
all others who may become members of the company
hereby incorporated, their successors and assigns, be
and they are created and made a body corporate and
politic, for the purpose of making contracts for insur-
ance upon health, by the name of the Franklin
Health Insurance Company, and by that name shall
be and are hereby empowered to purchase, receive,
have, hold, possess and enjoy to themselves and their
successors, lands, tenements, hereditaments, goods,
chatties, and effects of every kind and nature, that
may be necessary or convenient for the business of
said corporation, and the same to grant, alien, sell
and dispose of, to sue and be sued, plead and be im-
pleaded, in all courts of justice, to have and use a
common seal, and the same to change at pleasure, and
to ordain and put in execution such bye-laws and re-
gulations as they may deem proper, for the well or-

Proviso.

dering of said corporation and its affairs; provided, they
be not repugnant to the laws of the United States, or of
this State, or to the provisions of this act of incorpo-
ration.