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Session Laws, 1862
Volume 532, Page 202   View pdf image (33K)
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202

LAWS OF MARYLAND.
CHAPTER 183.

Passed March
6, 1862.

AN ACT to amend the charter of the Mutual
Fire Insurance Company of Baltimore county.

Repealed.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That section one of the act amenda-
tory of the act to incorporate the Mutual Fire In-
surance Company of Baltimore county, passed at
January session, eighteen hundred and fifty-four,
chapter one hundred and twenty-eight, and the
first, third and fourth sections of the act amenda-
tory of the act to incorporate the Mutual Fire In-
surance Company of Baltimore county, passed
January session, eighteen hundred and sixty,
chapter one hundred and seventy, be and the same
are hereby repealed, and that in lieu thereof the
following are hereby substituted :

Insurance of
personal prop-
erty.

Sec. 2. And be it enacted. That any person or
persons making application for insurance on per-
sonal property in this company, upon the applica-
tion being granted or approved, shall give his, her
or their note for the premium, and pay annually,
in advance, the interest on said note or notes, as
set forth in the by-laws of the company ; and said
note or evidence of debt, so given, shall be a lien
on the personalty insured ; said lien having prior-
ity and force from the time of granting such appli-
cation, against all persons except bona fide pur-
chasers, mortgagees and judgment or execution
creditors, without notice, and should the applicant
be the owner of the real estate upon which the
personalty insured is situated, the said note, or
evidence of debt, shall also be a lien upon what-
ever legal or equitable interest the party insured
may have therein ; and all the rights and privi-
leges conferred on said Mutual Fire Insurance
Company of Baltimore county, by the fourth sec-
tion of the original charter of said company, passed
December session, eighteen hundred and forty-nine,
chapter two hundred and thirteen, for enforcing the
liens therein authorized, are hereby extended to
and made to apply to the liens herein authorized,
if default shall be made, by the party insured, in
paying the sundry notes or evidence of debt or any



 
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Session Laws, 1862
Volume 532, Page 202   View pdf image (33K)
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