364

LAWS OF MARYLAND.

each and every share of capital stock held by such

stockholder, and that section eight of said act of

Act repealed.

assembly of eighteen hundred and seven, chapter
sixty-eight, providing for the election of directors and

the qualifications of electors therefor, be and the

same is hereby repealed.

SEC. 3. And be it enacted, That section twelve of

the said act of assembly of eighteen hundred and

thirty-five, chapter two hundred and twenty-nine,

Act repealed.

entitled "A supplement to an act entitled an act to

incorporate a Fire Insurance Company in the city of

Baltimore," providing for disqualification of directors

in certain cases, be and the same is hereby repealed.

SEC. 4. And be it enacted, That the said respective

sections aforegoing shall have no force or effect as

amendments of charter of said corporation until the

No force until
accepted.

same, respectively, be accepted as such by the stock-

holders convened for the purpose of submitting and

passing on the same, after not less than two weeks'

notice of such meeting, published in some daily news-

Proviso.

paper in Baltimore city, provided, further, that at

such meeting, said stockholders may accept or reject

this entire act, or may accept one or more sections

and reject others, whereupon such, sections as may be

thus accepted by said stockholders shall be taken

and held as a part of the charter originally granted to

said company, and then and thereafter such parts of

said acts of assembly of eighteen hundred and seven,

chapter sixty-eight, and of eighteen hundred and

thirty-five, chapter two hundred and twenty nine, as

may be inconsistent with the sections of this act,

which may be so accepted by said stockholders, shall

be and stand repealed.

SEC. 5. And be it enacted, That this act shall take

Effective.

effect from the date of its passage.

Approved April 8, 1884.