264 LAWS OF MARYLAND.
|
members of the said Company shall bo required to
express in writing at the foot thereof, their assent
thereto, which expression of assent and the pay-
ment of such fees, charges or premiums as may be
demanded by the proper officers of the Corporation
shall constitute such persons members of the said
Company, and as such, shall be bound by all the
rules and regulations of said Company as are con-
tained in this Act, and in the Constitution and by-
laws of the said Company; and every person or
persons or Corporation who shall be insured in
this Company shall become members thereof as
already provided for. |
Power to
withdraw. |
Sec. 7. And be it enacted, That any member
of said Company shall have full power to with-
draw therefrom at any time by applying to the
proper officer thereof, and paying such fees as may
reasonably be demanded, and any arrearages of as-
sessments as may be then due to said Company,
when said proper officer shall cancel such insu-
rance or insurances as may be in the name of the
individual so withdrawing, and make a record
thereof in the books of the Company, which shall
release such member and any real estate that he
may have insured from all liability for or on ac-
count of any notes, judgments or other evidences
of debt to the said Company held by it for premi-
ums on such real estate, the insurance on which
shall thus be cancelled, and shall debar him or
her from any claim on said Company for any loss
or damage by fire subsequent to the time of such
withdrawal and cancellation of insurance. |
General meet-
ings. |
Sec. 8. And be it enacted, That it shall be the
duty of the President, whenever required in
writing by not less than ten members other than
the Directors, to call a general meeting of the
members by giving notice, as in cases of election
of Directors, for the transaction of such business
as may be specified in said written requisition, and
any resolutions or proceedings passed or had at
such meeting by not less than two-thirds of the
members who shall be present shall be binding on
the President and Directors and members of the
company. |
Shall be held
liable for
debts. |
Sec. 9. And be it enacted, That all promisory
notes, bonds, judgments or other evidences of debt |
|
 |
