640

LAWS OF MARYLAND.

shall be insured by this Company shall become
members thereof as already provided for.

May with-
draw.

Sec. 3. And be it enacted, That any member of
the 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
be reasonably demanded, and any arrearages of
assessments that he may then owe to the Company,
when the said proper officer shall cancel such in-
surance or insurances as may be in the name of the
person 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 account
of any notes, due-bills or other evidences of debt
to the said Company, held by it for premiums on
such real estate, the insurance on which shall thus
be cancelled, and shall debar him or her from any
claim on this corporation for any loss or damage
by fire subsequent to the time of such withdrawal
and canceling such insurance.

Evidences of
debt.

Sec. 4. And be it enacted, That all promissory
notes of hand or other evidences of debt held by
the said Company, which shall have been given
thereto for premiums for insurance or for any part
or parts of said premiums, shall constitute and be
deemed a lien on any real estate which may be
insured in consideration or part consideration of
such notes or evidences of debt, which real estate
shall be held liable for the full and just payment
of such notes or evidences of debt, either wholly
or in part, at such time or times as the President
and Directors shall demand, and of all legal
charges that may be incurred in enforcing payment
thereof, in case of refusal or neglect to pay by the
drawers of such notes or evidences of debt, any
sale, mortgage or transfer of such real estate sub-
sequent to the date of such notes or evidences of
debt and during the time they are in existence,
shall not invalidate or prejudice the lien created

Lien.

thereon by the making and delivering of such
notes or evidences of debt, and such real estate
shall only be released from such liability or lien
thereon on the full payment of such notes or evi-
dences of debt, or such part thereof as may be
demanded by the President and Directors of the