Chapter 98. To amend the charter of the Potomac Insurance Company of the District of Columbia
452 words·~2 min read·
/statutes-at-large/vol-42/chapter-98-1865576·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 98.— An Act To amend the charter of the Potomac Insurance Company of the District of Columbia. March 8, 1922.[[S. 1312](/us/bill/67/s/1312).][[Public, No. 167](/us/pl/67/167).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Act entitled “AnDistrict of Columbia.Potomac Insurance Company.Additional policies of insurance may be issued by.Vol. 6, pp. 460, 691.Vol. 9, p. 805. Act to incorporate a fire insurance company in Georgetown, in the District of Columbia,’’ approved the 2d of March, 1831, and the Act entitled “An Act to amend the charter of the Potomac Fire Insurance Company of Georgetown, approved the 3d of March, 1837, and the Act entitled “An Act to renew and continue in forceVol. 16, p. 80. the charter of the Potomac Insurance Company of Georgetown, District of Columbia,” approved the 25th of March, 1870, and the Act entitledVol. 31, p. 45.
“An Act to change the name of the Potomac Insurance Company of Georgetown, and for other purposes,” approved the 10th day of March, 1900, be, and the same are hereby, amended so as to grant to the Potomac Insurance Company of the District of Columbia, in addition to the powers, privileges, and immunities granted to the said company in and by its original Act of incorporation, as amended,Description of risks. full power and authority to make insurances against lightning, windstorm, tornado, cyclone, earthquake, hail, frost or snow, civil riot and commotion, and by explosion, whether fire ensues or not (except upon steam boilers and pipes, flywheels, engines and machinery, connected therewith or operated thereby, against explosion and accident, and except against loss or damage to life or property resulting therefrom, and except against loss of use and occupancy caused thereby); and also against loss or damage by water to any goods or premises arising from the breakage or leakage of sprinklers, pumps, or other apparatus erected for extinguishing fires, and of water pipes, and against accidental injury to such sprinklers, pumps, or other apparatus; also insurances upon automobiles, whether stationary or being operated under their own power, which shall include all or any of the hazards of fire, explosion, transportation, collision, loss by legal liability for damage to or resulting from the maintenance and use of automobiles, and loss by burglary or theft, or both, but shall not include loss by reason of bodily injury to the person; and to effect reinsurances of any risks taken by it; and theReinsurance. said company shall have full power and authority to make and effect any and all of the above-described insurances and reinsurances.
Sec. 2. That Congress reserves the right to alter, amend, or repealAmendment. this Act at any time. Approved, March 8, 1922.