HENRY LLOYD_; ESQUIRE, GOVERNOR.

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.

ARTICLE X. The premium notes taken by
this company remain in force until the policies
for which they were given are cancelled, either
by the member surrendering his 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 proportion of all the losses

545

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 neg-
lect or refuse to pay such annual 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.

ARTICLE XI. The Board of Directors shall
make such by-laws not inconsistent with this

Premium
notes.

charter or with the constitution and laws of
the State of Maryland as they may deem
necessary to conduct the affairs of the com-
pany and shall have power to alter and amend
the same.

By-laws.

SEC. 2. And be it enacted by the authority
aforesaid, That this act shall take effect from
the date of its passage.

Approved April 7, 1886.
35

Effective.