FRANK BROWN, ESQUIRE, GOVERNOR.

527

Art. 7. The said board of directors shall meet regu-

larly on the first Monday in September, December, March

Meetings.

and June, at 10 o'clock a. m., and special meetings may be

called as prescribed by the by-laws.

Art. 8. It shall be the duty of the president to preside

at all meetings of the company and of the board of direc-

Duties of

tors, and he together with the secretary, shall sign all

president.

policies of insurance issued by the company, and in the

absence of the president, the vice-president shall perform

the various duties devolving upon the president.

Art. 9. The secretary, who shall also be the treasurer,

shall record the proceedings of all meeting of the company,

Secretary.

board of directors, and the executive committee, and shall

also keep regular accounts between the company and its

members, and of all money passing through his hands, and

perform such other duties as the board of directors or

by-laws may assign him.

Art. 10. The premium notes taken by this company

shall remain in force until the policies for which they were

Premium

given are cancelled, either by the member surrendering his

notes.

policy and paying all his liabilities, or by the company

cancelling the same upon proper notice to the assured, and

each of said notes shall be liable for its estimated propor-

tion of all the losses and expenses of the company up to the

time of the cancellation of said policy ; in case the maker

of any such premium note shall neglect or refuse to pay

such aunual interest, or assessments, as may have been

called for, the said company may collect all of said note or

such part thereof as remains unpaid, deduct the amount

due the company, and return the remainder to the maker

of such note ; or may sue for and recover upon such note

such interest, or amount as may have been called for by the

board of directors, and upon the payment of said interest,

or amount and cost of suit, the policy of insurance shall con-

tinue in full force and effect, unless the board of directors

shall cancel the same.

Art, 11. The board of directors shall make such by-laws

not inconsistent with this charter, or with the constitution

and laws of the State of Maryland, as they may deem

By-laws

necessary to conduct the affairs of the company, and shall

have power to alter and amend the same.

SEC. 3. And be it enacted, That all policies of insurance,

agreements, contracts and obligations of any and every,

Existing
contracts in

kind, to and by said company, now existing shall remain in

force.

as full force and validity as if this act had not been passed.

SEC. 4. And be it enacted, That this act shall take effect

from the date of its passage.

Effective

Approved April 7th, 1892.