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Session Laws, 1927
Volume 569, Page 750   View pdf image (33K)
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750 LAWS OF MARYLAND. [CH. 417

CHAPTER 416.

AN ACT to repeal and re-enact with amendments Section 6
of the Acts of 1845, Chapter 249, entitled "An Act to in-
corporate a Mutual Fire Insurance Company in Cecil

County. "

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 6 of the Acts of 1845, Chapter 249,
entitled "An Act to Incorporate a Mutual Fire Insurance
Company in Cecil County, " be and the same is hereby re-
pealed and re-enacted with amendments so as to read as fol-
lows:

6. Any person or persons entering property for insurance
by this corporation, shall deposit with the secretary the pre-
miums and other charges thereon as set out by the By-Laws,
and shall in return receive a policy of insurance, signed by the
president, under the seal of the said corporation, and attested
and signed by the secretary, whereupon the insured shall be
deemed to be a duly constituted member of said Company and
as such entitled to all the privileges of a member thereof and
bound by all the rules and regulations thereof as contained in
its Charter and By Laws. And the Corporation 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 the
premiums and/or assessments as provided by law. And upon
the cancellation of any Policy for any cause whatever, said
member shall be entitled to receive from the said Corporation
all clear profits to which said member's Policy may be entitled.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1927.

Approved April 5, 1927.

CHAPTER 417.

AN ACT to repeal and re-enact with amendments Section 216
of Article 1 of the Code of Public Local Laws, title "Alle-
gany County, " sub-title "Roads, " as the same is enacted in
Section 216, Chapter 787 of the Acts of 1914, providing for
semi-monthly meetings of the Board of Road Directors and
increased compensation.

 

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Session Laws, 1927
Volume 569, Page 750   View pdf image (33K)
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