430 LAWS OF MARYLAND.

at any time which shall reduce the amount of
net profits on hand below the sum of twenty-five
thousand dollars; but said sum shall remain as
an active capital to meet losses, and the same be
increased, at the discretion of the directors, by
withholding dividends of the surplus beyond that
amount.

SBC. 11. And be it. enacted, That all invest-
ments of interest, money or cash paid in advance
as premium shall be made in such manner as the
board of directors may direct.

Investments.

SEC. 12. And be it enacted, That no member
of this company shall be answerable for any losses
that may be sustained beyond the amount of his
premium, note or judgment, or cash advanced by
way of premium.

Individual pro-
perty not an-
swerable.

SEC. 13. And be it enacted, That this act of in-
corporation shall enure for twenty years from the
date of its passage, and until the end of the next
session of the Legislature thereafter, and that the
Legislature reserves to itself the right to amend
and repeal this act at pleasure.

Act to con-
tinue in force.