E. LOUIS LOWE, ESQUIRE, GOVERNOR.

1852.

mium; and every seven years thereafter, shall be enti-
tled to a similar reduction, until the whole premium
shall be extinguished, at which period, bis, her or
their property shall be insured without premium, in-
terest, or expense, as long as this charter shall endure ;
Provided, always, that before any such reduction of
premium or interest thereon shall be made at every sep-
tennial distribution of profits after the first distribution,
the sum of ten thousand dollars of the net profits shall
be added to the first sum of twenty-five thousand dol-
lars, to constitute an active capital to meet losses, be,
and the same are hereby repealed.

CHAP. 146.

SEC. 7. And be it enacted, That this act shall be
submitted to the members of the said Mutual Insu-
rance company, at their general meeting, to be held on
the first Monday of May, eighteen hundred and fifty-
two, for adoption or rejection, and if adopted by a ma-
jority of the voles cast, according to the ratio of voting
prescribed by the by-laws, shall take effect from and
after said day.

To be submit-
ted to mem-
bers for adop-
tion or rejec-
tion.

SEC. 8. And be it enacted, That the secretary of
said company shall, at least two weeks prior to the day

of meeting, give notice to the members, by publication,
inserted in two or more newspapers, published in Fre-
derick county, that an amendment of the charter will,
on that day, be offered for adoption or rejection by the
members of said company.

CHAPTER 146.

Notice to be
given.

AN ACT giving certain Powers to the Mayor and
City Council of Baltimore, in regard to the North
Western Virginia Mail Road.

Passed April
21, 1852.

SECTION 1. Be it enacted by the General Assembly

of Maryland, That the mayor and city council of
Baltimore, be, and they are hereby authorised and em-
powered to give such aid to the North Western Rail
Road company of Virginia, as they may deem expedi-
ent, either by lending to the said rail road company the
stock or bonds of the said city, on condition that the
said rail road company shall pay the interest on such
stock or bonds, until the time when the said rail road
shall be completed and opened to the Ohio river, or by
a guaranty of the bonds of the said rail road com-

Authority giv-
en to aid
North West-
ern rail road
company.