|
456
|
LAWS OF MARYLAND.
that may be thus made shall be binding on all the
members of the Company.
|
|
General meet-
ing.
|
Sec. 8. And be it enacted, That it shall be the
duty of the President, whenever required in writ-
ing by not less than twenty members of the Com-
pany other than the Directors, to call a general
meeting of the members, by giving notice as in
cases of election for Directors, for the transaction
of such business as may be specified in the said
written requisition; and any resolution or pro-
ceedings 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 Di-
rectors and members of the Company.
|
|
In force.
|
Sec. 9. And be it enacted, That this charter
shall be in full force and effect until the first Mon-
day in January, eighteen hundred and ninety-
eight.
|
|
Losses— bow
paid.
|
Sec. 10. 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 notified of
said loss, to cause an accurate estimate and state-
ment to be made of the proportion or sum to be
contributed by each member, to make good said
loss to the person having sustained the loss, and
to notify the members of the said Corporation of
the same ; and if at the expiration of sixty days
from date of such notice, any member of said Cor-
poration shall have failed to pay his, her or their
contribution aforesaid, it shall be lawful for the
said Board of Directors upon filing such statement
in the office of the Clerk of St. Mary's County, or
with the Clerk of such other county or district in
which such defaulting member or members shall
reside, to cause execution to issue for the said pro-
portion in the same manner as if a judgment had
been rendered for the same, together with all costs
incident to such proceeding.
|
|
Powers.
|
Sec. 11. And be it enacted, That the said Com-
pany shall , have and is hereby invested with full
power and authority to make any by-law or by-
laws, whereby any members of the said Company
failing to pay the interest on his, her or their
premium note or notes, according to the Constitu-
|
|
 |