| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
11. AND BE IT ENACTED, That if at any time
the funds of the
corporation should not be competent to pay and satisfy the just
demands of the assured, that nothing herein contained shall be
construed to discharge the stockholders from being liable for their
respective proportions of said losses, according to the number of
shares they may hold therein, but no stockholder shall be liable for
more than his own proportion of losses as aforesaid, or to answer
for the failure or deficiency of others, further than as an endorser
on their notes, and if judgment shall or may at any time be rendered
against the said corporation in a suit upon a policy of insurance
by them signed, and no property can be found whereon an
execution may be laid to satisfy the said judgment, then and in
such case the plaintiff or plaintiffs may, and he or they are hereby
empowered to file in the chancery court a bill of discovery and
relief against the directors of the corporation as against private
individuals, wherein they shall be compelled to discover the interest
or share which each and every member of the corporation
may have therein; and upon such discovery being had, the chancellor
shall ascertain the proportionate parts of the said judgment
which the said members severally ought to pay, and he is hereby
authorised to decree accordingly the sum of money which each and
every member of the said corporation shall pay to the said plaintiff
or plaintiffs. |
1815.
CHAP. 78.
Liability—suits
upon policies. |
12. AND BE IT ENACTED, That no transfer shall
be made of the
stock or shares of any member of this corporation, but such as shall
be approved of by at least seven of the directors for the time being,
who shall vote by ballot, for that purpose, after which admission the
directors shall require a renewal of the security, and cause the
transfer to be entered on their books kept for that purpose, and the
purchaser shall thenceforth be entitled to all the benefits, and be
subject to the losses, which the original proprietors would be entitled
or subjected to. |
Transfers must be
approved of. |
13. AND BE IT ENACTED, That this act shall
continue and remain
in force for the term of twenty years, and until the end of the
next session of assembly which shall happen thereafter. |
Duration. |
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CHAP. LXXIX.
An Act to authorise the building of a Bridge over the River Patapsco
at Norwood's Ferry. Lib. TH. No. 4, fol. 526. |
Passed Jan. 11, 1816. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
the heirs, devisees, and other legal representatives, of Edward Norwood
and Samuel Norwood, late of Baltimore county, deceased, be
and they are hereby authorised and empowered, to make and erect,
at their private expense, a bridge over Patapsco river, at the place
where Norwood's ferry is at this time established, which said bridge
shall be of the width of twenty feet, and make of good and substantial
materials, with suitable abutments and railing on each side
thereof. |
Representatives of
N and S Norwood
authorised to erect
bridge. |
2. AND BE IT ENACTED, That when the said bridge
shall be
erected and finished, the proprietors shall make report thereof to
the county court of Baltimore, who shall, on the application of the
proprietors, nominate and appoint five discreet and proper persons
as commissioners to view the said bridge, and judge of the stability
and fitness thereof; and that the said commissioners, or a majority |
Commissioners to
be appointed to
examine bridge,
&c. |
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