252

LAWS OF MARYLAND.

SEC. 12. And be it enacted, That if any member
of said company named in any policy or contract

Assign and de-
liver policy.

of insurance made by said company shall sell,
convey or assign the property insured, it shall
be lawful for such member, so as aforesaid
insured, to assign and deliver to the purchaser
such policy or contract of insuran'ce, and such
assignee shall have all the benefits of such
policy or contract of insurance, and may bring
and maintain suit in his own name, to, recover
any loss or protect and maintain any right or in-
terest such assignee may have by reason of such
assignment as fully as if said assignee were the
original owner of such assigned policy or con-
tract of insurance ; provided, that before any
loss happens such assignee shall obtain the con-
sent of the president or secretary of said com-
pany to such assignment and have the same en-
dorsed on or annexed to such policy or contract
of insurance.
SEC. 13. And be it enacted, That the said com-

Power of com-
pany.

pany shall have, and is hereby invested with full
power and authority to make any law or laws,
whereby any member of said company failing to
pay interest on his, her or their premium note
or notes according to the constitution and by-
laws of said company, may be excluded from all
benefits of insurance, and at the same time be
held liable to contribution in case of loss by others
during all the time he, she or they may be so in
default.
SEC. 14. And be it enacted, That in case the
property insured be personal property, the said

Take pre
mium note.

company shall be authorized to take the premium
note of such party with such security as they
may deem expedient, which notes shall be sub-
ject to assessments made in all cases where losses
shall be incurred, and in case the party shall re-
fuse or neglect to pay the proportion of loss as-
sessed upon such note within sixty days after
the notification thereof, the president of said
company shall enter up a judgment on said note
in the office of the clerk of the circuit court for
the county where such party may reside, and
shall direct an execution to issue forthwith, on
such judgment, for the amount of assessment on
said note.