ALBERT C. RITCHIE, GOVERNOR. 1115

hereby repealed and re-enacted, with amendments, to read as
follows:

3. When the amount of the premium has been fixed and
stated on any policy issued by the Company and the cash cost
and other charges thereon have been paid, or when the insured
has accepted any policy issued by the Company, whether the
premium thereon shall have been actually paid or not, the
insured shall then in either event be deemed to be a duly con-
stituted member of said Company, and as such entitled to all
the privileges of a member, and bound by all the rules and
regulations of said Company as contained in its Charter, Con-
stitution and By-Laws.

6. Every policy issued by this Company shall state plainly
and legibly the premium upon which it is made, or issued, said
premium to be computed according to the hazard of the risk,
and the company may by its by-laws fix the contingent mutual
liability of its members for losses and expenses in excess of
its cash funds; provided, that said contingent liability shall
not in any year exceed twice the annual cash cost of the mem-
ber's policy. The Mutual Fire Insurance Company in Har-
ford County in addition to the powers possessed by it under
its charter, which powers and its Charter as now existing are
hereby ratified and confirmed, shall have and possess the power,
right, franchise, privilege and authority to make insurance
on automobiles and other vehicles against loss or damage by
reason of theft, collision, property damage and public liability.

SEC. 2. And be it further enacted, That Section 10 of said
Charter, as said section was amended by Chapter 333 of the
Acts of 1904, be and it is hereby repealed and re-enacted with
amendments to read as follows:

10. The annual meeting of the members for the election of
the President and Board of Directors shall be held on the
first Monday of January of each year; and there shall also be
held a regular annual meeting of the members on the second
Monday of December in each year, and at the December an-
nual meeting the President and Board of Directors shall make
a full and detailed report of the business and financial condi-
tion of the Company, which report shall be referred to a com-
mittee of three members, not officers nor directors, to be ap-
pointed by the meeting; this committee shall be empowered
to employ insurance experts and accountants for the purpose