WM. T. HAMILTON, ESQUIRE, GOVERNOR.

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thereby be debarred from any benefit or advantage

Debarred from

from his or her insurance, until the same is paid;

benefit.

and in case any loss or damage by fire is sustained

by any delinquent member between the time said

interest is payable and the payment thereof, such

loss or damage shall not be remunerated nor paid by

the said company, but the operation and effect of

said delinquent member's policy shall be suspended

until all arrears of interest are duly paid; and if

any member, for the space of thirty days after de-

mand of the same by any collector duly authorized

by the president and directors, shall neglect or re-

fuse to pay the sum assessed upon his or her propor-

tion of any loss for which the said corporation is

legally bound, the directors shall, in the name of

said corporation, sue for and recover the whole

May sue for.

amount of his or her deposit note, with costs of suit,

and the amount thus collected shall remain in the

treasury of said corporation until the next annual

meeting, when, if any balance remain, it shall be

returned to the party from whom it was collected ;

and said delinquent member shall in the meantime

be excluded from any benefit of his own insurance;

and no loss which said delinquent may sustain after

his said failure to pay his proportion of loss assessed

upon him as above mentioned, within thirty days

from demand as aforesaid, shall be remunerated or

made good by the said corporation, but said act of

delinquency shall operate as an expulsion of said

member from the said corporation; and such ex-

pelled member shall not be again admitted unless

by a vote of two thirds of the board of directors and

upon full payment of all arrearages.

SEC. 12. And be it enacted, That it shall be lawful

for the said corporation to authorize and make loans

Authorize and

of any funds that may accumulate in the hands of

make loans.

the treasurer, or approved notes, bonds and mort-

gages, and the same to collect by suits at law and

in equity, and to release as the directors may judge

expedient; and, also, to deposit the same funds in

bank or savings institutions, and to invest the same

in United States, State, city or county bonds, and to

contract for and receive interest thereon and the

principal thereof in their discretion.

SEC. 13. And be it enacted, That for the further

government of said corporation the board of direc-