1860.

LAWS OF MARYLAND.

CHAP. 319.

Proviso.

sessment within a week from the time, at which
payment is and by said public notice required;
Provided, a price equal to the assessment be re-
alized for it, and a new certificate shall be issued to
the purchaser for the shares so purchased, and the
old ones shall be cancelled in the books, and any
surplus received for the stock so sold over and above
the assessment and expenses shall be paid over to
the holders of such cancelled certificates.

Dividends
may be with-
held to pay
indebtedness
of stockholder.

SEC. 10. And be it enacted, That in case any per-
son or persons entitled to interest, or dividend on
stock, or dividend on premiums, shall be indebted
to the company; for sums past due and unpaid the
company may, at its option, withhold the interest
or dividend, or both, and deduct such sums from
the amount thereof, and for any debt due to the
company by any holder of certificates of stock, the
company shall have a lien on all interest of said
debtors to said company in such certificates, but
persons insuring, or entitled to dividends, shall not
be answerable by reason thereof, or of any thing
contained herein except for the payment of their
premiums, or for notes given for or in advance of
premiums.

Inspiration of
charter.

SEC. 11. And be it enacted, That this act shall
endure for twenty-five years from the date of its
passage, and should it not be renewed or extended,
at the expiration of that time, then the accumulated
capital and reserved fund of the said company, af-
ter all its risks shall have run off and expired, and
all claims against the company shall have been
satisfied, shall be divided pro-rata among the mem-
bers of the company, or their legal representatives.

Members.

SEC. 12. And be it enacted, That all persons
hereafter becoming stockholders in this company
shall be deemed members of the company under the
act of incorporation.

Publication
of annual
statement.

SEC. 13. And be it enacted, That this corpora-
tion be, and is hereby required to make an annual
statement of their affairs, to be published in one or
more newspapers in the city of Baltimore, and once
a week three consecutive weeks, under the oath or
affirmation of the president thereof.