266 LAWS OF MARYLAND.
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said company as soon as the loss shall be ascer-
tained in the manner hereinafter provided, and the
proportion of loss to be paid by each member as-
certained, in case such member or members shall
fail, refuse or neglect to pay his, her or their propor-
tion of loss within sixty days from the notification
thereof, it shall be lawful for said company to
issue an execution against the real estate bound
by such judgment for the amount of the assess-
ment, which amount shall be endorsed on the
back of said execution by the Clerk under the
order of President or Secretary of said company,
and the party insured shall, until such assessment
be paid, forfeit all benefit under his, her or their
policy. |
In case of
loss---how paid. |
Sec. 11. And be it 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 shall have been no-
tified of such loss, to cause an accurate statement
to be made of the proportion or sum to be con-
tributed by each member to make good the said
loss to the person suffering the same and notify
the members of said company of the same, and if
at the expiration of sixty days from the date of
such notice any member of said company shall
have failed to pay his, her or their contribution
aforesaid it shall be lawful for the said Board of
Directors to enforce the payment of the same in
the manner hereinbefore provided. |
Any guar-
dian may in-
sure. |
Sec. 12. And be it enacted. That any guardian
may insure any house, buildings or other property
which the ward or wards of such guardian may
own, either jointly with others or in severalty, and
such insurance to have the same lien and effect in
all respects as if such minor or minors were of full
age and had made such insurance for him, her or
themselves. |
In case of
sale of proper-
ty insured. |
Sec. 13. And be it enacted, That if any member
of said company named in any policy or contract
of insurance made by said company shall sell,
convey or assign the property insured, it shall be
lawful for such member so as aforesaid insured to
assign and deliver to the purchaser such policy or
contract of insurance, and such assignee shall have
all the benefit of such policy or contract of insur- |
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