1849.

LAWS OF MARYLAND.

CHAP. 500.

prevented from attending by sickness or absence from
the city, and every officer having in his hands books
or papers that may be required by the society or di-
rectory, if he is prevented from attending a meeting
of either body, shall send them where they are wanted,
or pay a fine of one dollar.

Fines for non-
attendance.

SEC. 19. And be it enacted, That members failing to
attend .the annual meeting of the society, for elec-
tion of officers, on the fourth Thursday in July, shall
pay a fine of twenty-five cents, unless prevented by
sickness, or absence from the city.

May establish
bye-laws.

SEC. 20. Be it enacted, That the society may
pass all such bye-laws as may be necessary to carry
out the objects of the society, and consistent with the
laws of this State.

Dissolution.

SEC. 21. And be it enacted, When it shall appear,
by the books of the society, that each share thereof is
worth two hundred dollars, the society shall be dis-
solved, and the money and property thereof divided
among its shareholders.

Banking forbid.

SEC. 22. And be it enacted, That nothing in this
act shall be so construed as to authorise this corpora-
tion to issue any note, token, device, scrip, or other
evidence of debt, to be used as currency.

Right reserved.

SEC. 23. And be it enacted, That the Legislature
hereby reserves to itself the right to alter, change or,
repeal this act of incorporation at pleasure.

CHAPTER 500.

Passed Mar. 4,
1850.

A supplement to the act entitled, an act to Incorporate
the Mutual Insurance Company, of Washington
County.

Alteration an
amendment of
original act.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the fourteenth section of the
original act, to which this is a supplement, shall be so
altered as to read thus: strike out all after the word po-
licies, in the fifth line of said section, and insert; provi-
ded, no dividend shall be declared until the nett profits

exceed ten thousand dollars, and the first dividend only
to be made of the profits exceeding that sum, and in case
the nett profits exceed the sum of ten thousand dollars,
the person holding a policy, or his executors, administra-
tors or assigns, may renew the same for seven years