clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1896 Session
Volume 475, Page 496   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

496

LAWS OF MARYLAND.

Apportion-
ment of loss.

be the duty of the directors, at their next meeting, after they
have been notified of said loss, to cause an accurate estimate
and statement to be made of the proportion or sum to be con-
tributed by each member to make good said loss to the person
having sustained said loss, and to notify the members of the
said corporation, of the same; and if, at the expiration of sixty
days from the date of such notice, any member of said corpo-
ration shall have failed to pay his, her or their contributions
aforesaid, it shall be lawful for the said company to proceed,
either at law or equity, to enforce the payment by members,
of such contribution or assessment, or of such annual interest
in advance as may have been determined.

Failure to
pay Interest
on notes.

SEC. 15. And be it further enacted, That the said company
shall have and is hereby invested with f nil power and authority
to make any by-law or by-laws whereby members of the said
company failing to pay in advance the interest on premium
note or notes as assessed according to the by-laws of said com-
pany, may be excluded from all benefit of insurance, and at
the same time be held liable to contribution while such default
may continue.

Effect of
of giving
premium
note, etc.

SEC. 16. And be it further enacted, That every promissory
note, premium note or other evidence of debt given to and
accepted by the directors, or proper officer or officers of the
said company in its behalf, in consideration of a policy of
insurance, whether the real consideration of said note or other
evidence of debt may be so named therein or not, shall be
given and conclusively understood to be upon all the conditions
and liabilities named in this act or any amendment thereof,
and such by-laws as may hereafter be legally adopted or
amended; and it shall always be understood and agreed
mutually that every person, persons or corporation, by signing
said note or other evidence of debt, in consideration as afore-
said, and the delivery to and acceptance by said company of
such note or evidence of debt, thereby authorizes, irrevocably,
any attorney or attorneys-at-law of the Circuit Court for any
county in this State, or of the Superior Court of Baltimore
City, to appear in such court as the directors may designate,
either during a term or recess of such court, and confess judg-
ment for any assessment by the directors on any said note or
evidence of debt, or interest in advance on same, made, esti-
mated, determined or assessed in accordance with this act, in
favor of said company as plaintiff, and against the maker or
makers of any premium note or other evidence of debt, as
aforesaid, as defendant or defendants, and the said attorney or



 
clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1896 Session
Volume 475, Page 496   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives