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Session Laws, 1902 Session
Volume 476, Page 790   View pdf image (33K)
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790

STATE OF MARYLAND.

CHAP. 542.

cash value of the animal under the limitations of liability set
forth in section eleven of this Act.

Estimate and
statement
to be made.

SEC. 13. And be it further enacted, That whenever a loss
shall occur which the said company are liable to pay, it shall
be the duty of the directors, at their next meeting after they
have been notified of eaid 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 said
corporation of the same; and if, at the expiration of sixty
days from the date of such notice any member of eaid 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.

Authority to
make
by-laws, etc,

SEC. 14. And be it further enacted, That the said company
shall have and is hereby invested with full power and
authority to make any by-law or by-laws, whereby members
of said company failing to pay in advance the interest on
premium note or notes as assessed according to the by-laws
of said company may be excluded from all benefits of insur-
ance, and at the same time be held liable to contribution
while such default may continue.

Promissory
note, etc.,
given upon
certain con-
ditions and
liabilities.


SEC. 15. 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 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 aforesaid, and the
delivery to and acceptance by said company of such note or
avidence of debt, thereby authorized 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
luring a term or recess of such Court, and confess judgment
for any assessment by the directors on any said note or evi-
dence of debt or interest in advance on same, made, estimated
letermined or assessed in accordance with this Act, in favor of
aid company as plaintiff, and against the maker or makers of



 
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Session Laws, 1902 Session
Volume 476, Page 790   View pdf image (33K)
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