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Proceedings of the Senate, 1892
Volume 400, Page 1231   View pdf image (33K)
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1892.] OF THE SENATE. 1231

conditional to make good any deficiency which may
remain in the mortgage debt, in case of default and
sale under said mortgage, or for the payment of such
part of such mortgage debt as said Board of Directors
may require.

"Section 2. And be it further enacted, That said cor-
poration shall have power and authority to take and
receive a bond of indemnity from any member giving
a mortgage for redeemed stock conditional to protect"
and indemnify said corporation from mechanics' lien
claims on the mortgaged premises.

"Section 3. And be it further enacted, That this Act
shall take effect from the date of its passage."

Which were concurred in, and bill passed by yeas
and nays, as follows :

AFFIRMATIVE.

Messrs. President, Hubner,
Austin, Posey,
Bennett, Rogers,
Brown, Seibert,
Coffin, Smith,
Dawson, Toadvin,
Evans, Waters,
Getty, Wilkinson,
Hayes, Wirt,
Hepbron, Wootton—20.
NEGATIVE—None.

Also, returned,

Senate bill entitled an Act to add an additional sec-
tion to Article 66, Code of Public General Laws, title
"Mortgages," sub-title "Promissory Notes, Other
Instruments, &c."

"Endorsed: "Passed by yeas and nays with pro-
posed amendments."

AMENDMENTS PROPOSED.

In line 3 of the title, strike out the words "twenty-
four," and insert the words "twenty-five."

In line 1, section 25, strike out the word "herein-
after," and insert the word "hereafter" in lieu
thereof.

At the end of section 25, add the following, "so far
as any lien upon the property conveyed by said mort-
gage is concerned."

 

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Proceedings of the Senate, 1892
Volume 400, Page 1231   View pdf image (33K)
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