The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1885-01-09

Resotred, That the directors be and they are
hereby authorized and directed to insure person
Al property without requiring the signature of the
landlord TO the note, provided good and sufficient
security be taken for said insurance
Mr.. Silver upposed the resolution, on the ground
that the constitutional provision requiring the pre-.
MUM note for insurance on personal property to
be signed by the owner of the land on which such
property is situated was the foundation stone OF
tho company, and 1t would require an act of the
Legislature to change the existing rule.
Mr.. Young suggested that persons applying for
such insurance might be able to give other and
sufficient landed security.
MIR VanBibber thought the proposed resolution
involved change OF bylaws which requires u
two-thrds vote of the members in general meet
ins Er VIM Webster Thought the Dress,, r,,. nm
just to many worthy men who desire insu rance
such as nants, for instanc .whr would not ask
~ ir landlords to sign their pr MUM notes.
On motion of Col. Walsh the resolution was re-
ferred 10 the board of directors, who were in
structed To consult counsel, and If IN accordance
with the charter, put the resolution into force.
The other resolution was rs follows:
ReSolUed, That the directors be and they are
hereby authorized to insure personal property in
buildings insured in any good insurance comps-
ny: or that are not insured in any company.
The resolution was amended. on motion of Mr.
Van BIbber, so as to read as follows:
ReSolUed. That the direct, RS be and they are
hereby authorized to insure personal property in
buildings insured in any good insurance colipa-
ny; or that are not insured in any company pro-
0tded. the applicant is the owner of the real es
tate upon which the buildings containing the
personal property to be insured are located
lHe TtSOlutlOn us amended was adopted unAni-
1 mously by show of hands
Mr. STREET. said many members had expressed
a preference for the resolution as originally
irawn and moved q reconsideration of the vote
| just taken. The vote was reconsidered by ayes
10. nays9. Mr.. Street, again presented the origi-
nal resolution.
Mr.. Silver said this was simply whipping the
| devil around the stump. The capital of the com.
pany. said he. Is In the notes founded upon real
| estate security, and we have had to draw ON those
notes, but IL we had 10 draw on personal property
| hail we go and sell all these people out?
| Mr.. Young objected to Mr. Silvers remark
| about whipping thp devil around the stump ami
said the members had met to take action for
themselves and were outside of the control of the
| direc'or
| Mr.. Silver remarked that the directors were
! also members and appeared at the meeting in
| tnat capacity and not as directors and they
| were endeavoring to steer the company clear Of
| litigation.
| The resolution as before adopted, was again
| 'assed by ayes Is. nays0
| On morton of Mr.. VanBibber the directors were
| instructed to have the constitution and bylaws
| printed for distribution among the members
| The constitution was printed in 1853 and since
| that time many changes have been made.
On motion of Col. Walsh the salary of the Sec
| rotary and Treasurer was increased from $500 It
| 81 900.
| After vote of thanks to the presiding officers
which was moved and put by MIR. Young, the
/ nd i,,iIrp nd