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Session Laws, 1933 (Special Session)
Volume 578, Page 177   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 177

against all members of such mutual company against whom
the board of directors of such company might have levied
any assessment upon the date of the order authorizing re-
habilitation. Such assessment or assessments shall cover
the excess of the probable liabilities over the reasonable
value of the assets together with the cost of collection and
the probable percentage of uncollectibility thereof, but the
total of all such assessments against any member shall not
exceed the maximum amount fixed in the contract of that
member. The Commissioner shall thereupon begin proper
proceedings to collect such assessments from the members,
or shall make sale thereof under Section 511 of this Article.

SEC. 2. And be it further enacted, That insofar as the
provisions of this Act be in conflict with other Acts or parts
thereof, the provisions of this Act shall control.

SEC. 3. And be it further enacted, That should any
section or part of a section of this Act be held to be invalid
for any reason, such holding shall not be construed as af-
fecting the validity of any of the remaining sections or
part of a section of this Act, it being the legislative intent
that the remainder of this Act shall stand, notwithstanding
the invalidity of such section or part of section.

SEC. 4. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public health and safety,
and having been passed upon a yea and nay vote, supported
by three-fifths of all of the members elected to each of the
two Houses of the General Assembly, the same shall take
effect from the date of its passage.

Approved December 15, 1938.

CHAPTER,. 41.

AN ACT to repeal and reenact with amendments Section
347 of Article 17 of the Code of Public Local Laws of
Maryland of 1930 (Flack's Edition), title "Prince George's
County", sub-title, "County Treasurer", making such
change in the law pertaining to interest on County de-
posits as is deemed advisable and necessary as the result
of the passage by the Federal Congress of the Glass-
Stiegal Banking Act of 1933.

 

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Session Laws, 1933 (Special Session)
Volume 578, Page 177   View pdf image (33K)
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