1849.

LAWS OF MARYLAND.

CHAP. 232.

officers of the company may issue certificates of a cer-
tain per centum on the premiums received during
such period, for such marked off risks, to the per-
sons in whose names the policies of insurance were
originally made, or to their representatives, and to the
holders of certificates of stock, or their representatives,
the said persons insuring, and the said holders of certi-
ficates, sharing the amount thus actually earned, pro
rata, according to the premiums paid or the amount of
stock held by them respectively, which certificate shall
be designated certificates of profits, and may be issued
as is provided for, and the amounts named in such cer-
tificates shall be conclusive upon the parties entitled
to receive them at such periods, and not to be changed
by subsequent events, snowing the actual payments to
be more or less favorable than the estimates.

Repealed.

SEC. 2. And be it enacted, That said original act is
hereby repealed so far only as is inconsistent with the
provisions of this act.

Reservation.

SEC. 3. And be it enacted, That the General As-
sembly of Maryland, reserves to itself the right to alter
or amend this act of incorporation at its pleasure.

CHAPTER 232.

Passed Feb. 23,
1850.

An act authorising the Levy Court of Kent County to
levy and provide for the purchase of a School-house
for the Chestertown District, and for other purposes.

County levy
authorised.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the levy court of Kent county, is
hereby authorised to levy upon the assessable property
in school district number seven and number eight of said
county, known as the Chestertown district, the sum of
two hundred dollars per annum, for three years, to be
paid to the trustees of said school district for the time
being, to be applied to the purchase and payment of a
brick-house on lot number ninety-three, as well as the
lot number ninety-three, and that, the levy for rent now
annually made upon the said district shall be discon-
tinued hereafter.

Town levy
authorised.

SEC. 2. And be it further enacted, That the commis-
sioners of Chestertown, in Kent county, be and they are
hereby authorised and required to levy upon the assesa-
ble property of said town, such sum or sums of money as
may be necessary to pay the damage assessed, or that