580

LAWS OF MARYLAND.

"The Mutual
Fire Insur-

1842, Chapter 214, entitled "An Act to incorporate The Mutual

ance Com-

Fire Insurance Company in Harford County ;" Chapter 225

pany in Har-
ford

of the Acts of 1843, entitled "A Supplement to an Act, entitled

County."

'An Act to incorporate The Mutual Fire Insurance Company

in Harford County,' " passed at the December Session, 1842 ;

Chapter 229 of the Acts of 1844. entitled "A further Supple-

ment to an Act, entitled 'An Act to incorporate The Mutual Fire

Insurance Company in Harford County,' " passed at the Decem-

ber Session, 1842; Chapter 173 of the Acts of 1849, entitled

''An Additional Supplement to an Act, entitled 'An Act to in-

corporate The Mutual Fire Insurance Company in Harford

County,' " passed at the December Session, 1842, Chapter

214; Chapter 227 of the Acts of 1880, entitled "An Act to

repeal and re-enact Section 10 of Chapter 214, passed at the

December Session, 1842, entitled "An Act to incorporate The

Mutual Fire Insurance Company in Harford County;" Chap-

ter 1 of the Acts of 1890, entitled "An Act to amend and

extend the charter of The Mutual Fire Insurance Company in

Harford County," and Chapter 478 of the Acts of 1894, entitled

''An Act to amend the charter of The Mutual Fire Insurance

Company in Harford County," be and the same are hereby re-

pealed and re-enacted with amendments so as to read as fol-

lows:

Reinsurance.

2. Said company shall have power and authority to reinsure

any or all of the risks at any time insured or carried by it in

any other fire insurance company, foreign or domestic, mutual

or stock ; to reinsure for any other fire insurance company any

or all risks carried by it ; to borrow money as its needs may re-

quire, and to purchase, hold and dispose of real estate.

Application

3. All applications for insurance in the company shall be

tor insurance.

made in writing and signed by the person or corporation

applying for the same, and when said application has been made,

the amount of full mutual premium fixed and stated therein

and the annual cash cost and other charges thereon paid, the in-

sured shall be deemed to be a duly constituted member of said

company, and as such, entitled to all the privileges of a member

and bound by all the rules and regulations thereof as contained

in its charter and by-laws.

Power to with-

4. Any member of the company shall have full power to

draw member-
ship from

withdraw therefrom at any time by surrendering his policy

company.

to the company and paying such fees as may be reasonably

demanded and any arrearages of the annual cash cost and

Assessments, and the policy's proportion of losses incurred