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Session Laws, 1882 Special Session
Volume 418, Page 122   View pdf image (33K)
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122

LAWS OF MARYLAND.

 

tion shall be made under the provisions of this act;

 

and one-third of the cash advanced as premium shall,

 

likewise, under the provisions of this act, be returned

 

to the person or incorporation, their executors, ad-

 

ministrators or assigns, who or which may have paid

 

cash as premium in advance — and provided that

 

any person or incorporation hereafter insuring under

When not

a mutual policy shall not be entitled to a reduction

entitled.

of their premium note as hereinbefore provided for

 

those now holding mutual policies, but their said

 

premium note, or cash advanced in lieu of premium

 

note, shall always remain the same as originally

 

given, except that the same may be reduced by as-

 

sessment thereon.

 

SEC. 5. And be it enacted, That section one of

 

the acts passed at December session, eighteen hun-

 

dred and forty-nine, chapter fivehundred, entitled "A

 

Supplement to the act entitled 'An Act to incorporate

 

the Mutual Insurance Company of Washington

Repealed.

county,'" and the seventh section of the acts passed at

 

January session, eighteen hundred and fifty-three,

 

chapter three hundred and seventy-nine, en titled "An

 

Act to amend an act entitled ' An Act to incorporate

 

the Mutual Insurance Company of Washington

 

county,' " passed at December session, eighteen hun-

 

dred and forty-five, chapter thirty-seven, be and the

 

same are hereby repealed.

 

SEC. 6. And be it enacted, That this act shall

Submitted to

be submitted to the members of said company for

members.

adoption or rejection during the year eighteen hun-

 

dred and eighty-two, on a day to be designated by

 

the Board of Directors, after three weeks' public

 

notice thereof shall have been given in two newspa-

 

pers published in Washington county, Maryland,

 

and if adopted by a majority of votes cast according

 

to the ratio of voting prescribed in the by-laws of

 

said company, it shall take effect and become a law

 

from and after said day.

 

Approved March 21, 1882.



 
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Session Laws, 1882 Special Session
Volume 418, Page 122   View pdf image (33K)
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