Chap. 301.—An ACT to amend the Charter of the Fire Insurance Com-
pany of Alexandria.

Passed December 21, 1865.

1. Be it enacted by the general assembly, That the second
section of an act passed February nineteenth, eighteen hun-
dred and fifty-three, incorporating the fire insurance company
of Alexandria, be repealed, and that it be re-enacted so as to
read as follows: |

Ҥ 2. The capital stock of said company shall be one hun-
‘dred thousand dollars, and that the joint funds of said com-
pany, as at present invested and divided into five thousand
shares, shall constitute the capital of said company, with the
privilege to increase the stock to two hundred thousand
dollars.”

2, And that the fourth section of said act be repealed and
re-enacted so as to read as follows:

“$4. That the officers of the said company shall consist of
a president and board of directors; that five directors, who
shall continue in office from the time of the election until
others shall be cleeted in their stead, shall be chosen in the
first instance hy the board as at present constituted; and
thereafter, by ballot, from among the stockholders, on the
first Monday in November of each and every year. At
least two weeks’ notice in one of the newspapers published
in Alexandria, to be given to the stockholders, of the day,
time and place of such clection: and the directors shall choose
from among themselves a president, to hold his office from
the time of his election until a new election of directors takes
place, in conformity to the provisions of this act, who shall
be allowed a reasonable compensation for his services: and
in case of death, removal, resignation, or other disqualifica-
tion of the president, or any of the directors, the remaining
directors may elect others to supply their places during the
remainder of the term tor which they were chosen; and that
the directors shall appoint a committee of three stockholders
to superintend all elections by the stockholders.”

3. ‘This act shall be in force from its passage, and shall be
subject to modification, amendment or repeal, at the pleasure
of the general assembly.

4

Chap. 301.—An ACT to amend the Charter of the Fire Insurance Com-
pany of Alexandria.

Passed December 21, 1865.

1. Be it enacted by the general assembly, That the second
section of an act passed February nineteenth, eighteen hun-
dred and fifty-three, incorporating the fire insurance company
of Alexandria, be repealed, and that it be re-enacted so as to
read as follows: |

Ҥ 2. The capital stock of said company shall be one hun-
‘dred thousand dollars, and that the joint funds of said com-
pany, as at present invested and divided into five thousand
shares, shall constitute the capital of said company, with the
privilege to increase the stock to two hundred thousand
dollars.”

2, And that the fourth section of said act be repealed and
re-enacted so as to read as follows:

“$4. That the officers of the said company shall consist of
a president and board of directors; that five directors, who
shall continue in office from the time of the election until
others shall be cleeted in their stead, shall be chosen in the
first instance hy the board as at present constituted; and
thereafter, by ballot, from among the stockholders, on the
first Monday in November of each and every year. At
least two weeks’ notice in one of the newspapers published
in Alexandria, to be given to the stockholders, of the day,
time and place of such clection: and the directors shall choose
from among themselves a president, to hold his office from
the time of his election until a new election of directors takes
place, in conformity to the provisions of this act, who shall
be allowed a reasonable compensation for his services: and
in case of death, removal, resignation, or other disqualifica-
tion of the president, or any of the directors, the remaining
directors may elect others to supply their places during the
remainder of the term tor which they were chosen; and that
the directors shall appoint a committee of three stockholders
to superintend all elections by the stockholders.”

3. ‘This act shall be in force from its passage, and shall be
subject to modification, amendment or repeal, at the pleasure
of the general assembly.

4