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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3147   View pdf image (33K)
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THOMAS SWANN, ENQUIRE, GOVERNOR. 809

vened and held in such mariner, and at such
time and places, as may be provided for in the
Constitution or by-laws.

 

Sec. 9. And be it enacted. That this corporate
body shall have full power and authority to offer
rewards for the recovery of property insured by
them, when stolen, and also for the arrest of the
thief or thieves, their aiders or abettors, and to
make arrests in the regular course of law, and
prosecute the same as directed by law.

Offer re-
wards.

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
promptly, after being notified of said loss, to
cause an accurate estimate or statement to be
made of the proportion or sum to be contributed by
each member, to make good the said loss or losses
to the party or parties entitled to the same, and
to notify the members of the said Corporation of
the same ; and if at the expiration of sixty days
from the date of such notice any member shall
have failed to pay his, her or their share or con-
tribution aforesaid, it shall be lawful for the said
Board of Directors, upon filing such statement
in the office of the clerk of the county or district
in which such defaulting members shall reside, to
cause execution to issue for the said proportion,
in the same manner as if a judgment had been
rendered for the same, together with all costs
incident to such proceeding.

Estimate or
statement.

Sec. 11. And be it enacted, That the said Com-
pany shall have, and they are hereby invested
with power and authority in their by-laws, to de-
bar any member failing to pay promptly the in-
terest upon their premium note or notes, from all
benefits of insurance during the time they may
continue in such default, and to hold them liable
at the same time for their distributive share of all
losses sustained by the Company, and any law or
statute of this State to the contrary notwith-
standing.

Members fail-
ing to pay.

SEC. 12. And be it enacted, That the said Com-
pany shall have full power and authority to re-
scind or revoke any policy of insurance by them
issued, whenever they may deem it advisable to

Rescind or
revoke.



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3147   View pdf image (33K)
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