74

SAMUEL STEVENS, Jr. ESQUIRE, GOVERNOR:

ty two, chapter one hundred and thirty, as relates to the seventh
section of eighteen hundred and seven, chapter one hundred and
thirteen, be, and the same is hereby repealed.

Passed Jan.
31, 1825.
Corporate
powers gran-
ted.

CHAPTER 90.
An act to incorporate the mutual Insurance Company of Baltimore.
Sec. 1. Be it enacted by the General Assembly of Maryland,
That Moses Hand, Robert Carey Long, Philip Littig, Beale Ran-
dall, Samuel Harden, William Gwynn and Charles Gwinn, and all
such other persons as shall associate with them by becoming mem-
bers in the manner herein after provided, their successors and as-
signs, shall be, and they are hereby made and constituted a body
politic and corporate by the name, style and title of the mutual in-
surance company of Baltimore; and by that same name, style and
title shall have continual succession, and shall be able and capable
in law to sue and be sued, to plead and be impleaded, to answer
and be answered in any court of law or equity; and to make, have
and use a common seal, and the same at pleasure to alter or renew,
and generally to do and perform all such acts, and make all such
contracts and agreements, as may or shall be necessary for insur-
ing the owners or possessors of all kinds of houses and other
buildings, and all kinds of goods, chattels and effects, from sustain-
ing any loss or damage by the destruction or injury of such hou-
ses, buildings, goods chattels or effects by fire.

Officers.

2. And be it enacted, That the affairs and business of the "Mu-
tual Insurance Company of Baltimore" aforesaid, shall be conduct-
ed and managed by a board of seven directors, to be elected annu-
ally by the members, ant' by a president, a treasurer, a secretary,
and such other officers and agents, as a majority of the said direct-
ors shall think proper to appoint; and until an election shall be
made by the members of the company as herein after provided,
the following persons to wit: Moses Hand, Robert Carey Long,
Philip Littig, Beale Randall, Samuel Harden, William Gwynn
and Charles Gwinn, are hereby appointed and constituted direct-
ors of the said company, and shall have and execute all the powers
granted by this charter until an election of directors by the mem-
bers as aforesaid.

Persons in-
suring shall
become mem-
bers.

3. And be it enacted, That every person who shall insure in or
with this company upon any policy to continue in force for one year
or longer, shall thereupon and thereby become a member of this
company, and so continue during the continuance of such policy, if
he, she or they shall so long live, and the right of membership in
virtue of any policy may be assigned with the assent of a majority
of the directors, and shall cease, when such policy shall for any
cause be forfeited pursuant to this charter, or to the by-laws of
the company, or cancelled by consent, or by a sale or transfer of
the property insured.

Annual elec-
tions.

4. And be it enacted, That on the first Tuesday in November,
in the year eighteen hundred and twenty-five; and on the first Tues-
day in November annually thereafter, the members of this compa-
ny, or as many of them as shall attend in person at the place which
shall have been appointed by the board of directors for the pur-
pose, shall elect by ballot from among the members, seven direct-