1860.

LAWS OF MARYLAND.

CHAP. 266.

their assent thereto, which expression of assent,
and the payment of such fees, charges or premiums
as may demanded by the proper officers of the cor-
poration, shall constitute such persons members of
said company, and as such shall be bound by all
the rules and regulations of said company, as con-
tained in this act, and in the constitution and by-
laws of the said company, and every person or per-
sons, or corporation, which shall be insured by this
company, shall become members thereof as already
provided for.

Members of
the company
may with-
draw from it
— conditions,
&c.

SEC. 3. And be it enacted, That any member of
said company shall have full power to withdraw
therefrom at any time, by applying to the proper
officer thereof, and paying such fees as may be
reasonably demanded, and any arrearages of assess-
ment that he may then owe to the company, when
the said proper officer shall cancel such insurance
or insurances as may be in the name of the person
so withdrawing, and make a record thereof in the
books of the company, which shall relieve such
member; and any real estate that he may have
insured from all liability, for or on account of any
notes, due bills, or other evidences of debt to the
said company, held by it for premiums on such real
estate, the insurance on which shall thus be can-
celed, and shall debar him or her from any claim
on, this corporation, for any loss or damage by fire,
subsequently to the time of such withdrawal and
canceling such insurance.

Liens.

SEC. 4. And be it enacted, That all promissory
notes of hand, or other evidences of debt held by
said company, which shall have been given thereto
for premiums or insurance, or for any part or parts
of said premiums, shall constitute and be deemed a
lien on any real estate which may be insured, in
consideration or part consideration of such notes or
evidences of debt, either wholly or in part, at such
time or times as the president and directors shall
demand, and all legal charges that may be incur-
red in enforcing payment thereof, in case of re-
fusal or neglect to pay by the drawers of such notes
or evidences of debt, any sale, mortgage or trans-
fer of such real estate, subsequent to the date of
such notes or evidences of debt, and during the
time they are in existence, shall not invalidate or
prejudice the lien created thereon, by the making
and delivery of such notes or evidences of debt,