ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

all meetings of the members of the company so
long as such insurance remains in force.

67

3. Any member of said company may with-
draw therefrom at any time when he is not
in arrears for interest on his premium note or
notes, assessments or fees, nor liable for his pro-
portion of any loss which has occurred but has
not been adjusted and assessed, by application in
writing, to be filed with the secretary of the com-
pany, and the surrender of his or her policy or
policies, and the payment of one and one-fifth
per cent, of the amount of his or her premium
note or notes, and such cancellation fee to the
secretary as may be prescribed by the by-laws
of the company, when it shall be the duty of the
secretary of the company to preserve the said
application and surrender policy or policies en-
dorsed by him, and the member surrendering
the same as cancelled, or if the policy be lost, the

Member may
withdraw.

withdrawing member shall sign the cancellation
thereof on the books of the company, and in
either case, the secretary shall make a record
thereof, on the account with the policy, on the
books of the company, and, pay to the member
so withdrawing any balance standing to his or
her credit on such surrendered policy or policies,
and any previous dividends thereon remaining
unpaid, and surrender to the member so with-
drawing the premium note or notes held by the
company for the premium on such cancelled pol-
icy or policies, or if judgments have been en-
tered therefor, then to give to the withdrawing
member an order directing such judgment to be
entered satisfied.
6. It shall be the duty of the president or sec-
retary of the company annually to give at least

To sign can-
cellation.

twenty' days notice by advertisement in some
newspaper published in Kent county — or if there
be no such newspaper, then by notice posted at
such public places as he may deem proper — of
the annual meeting of the members of the com-
pany, to be held on the first Monday in May in
each year, for the election of twelve directors
of the company, who shall be members of the
company, and for the transaction of such other
business as may be properly brought before the
meeting ; but in case such election shall from

Give notice of
annual meet-
ing.