1845.

LAWS OF MARYLAND.

CHAP. 119

the county shall receive ten cents and no more; and in
case losses shall be incurred by said company, as soon as
the loss shall be ascertained in the manner hereinbefore
provided, and the proportions of loss to be paid by each
member ascertained, in case such member or members

Neglect or re-
fuse to pay.

shall fail, neglect or refuse to pay his, her or their pro-
portion of loss, within sixty days from the notification
thereof, it shall be lawful for said company to issue an
execution, against the real estate bound by said judg-
ment, for the amount of such assessment, which amount
shall be endorsed on the back of said execution, by the
clerk, under the order of the president or secretary, and
the party insured, shall until such assessment be paid,
forfeit all benefit under his, her or their policy.

Authorised to
take premium
note with se-
curity.

SEC. 14. And be it enacted, That in case the property
insured be personal property, the company shall be au-
thorised to take the premium note of such party with se-
curity as they deem expedient, which notes shall be sub-
ject to the assessments made in cases where losses shall
be incurred, and in case the party shall refuse to pay the
proportion of loss assessed upon such note, within sixty
days after notification thereof, the president shall enter
up a judgment on said note in the office of the clerk of
the county where such person may reside, and shall direct
an execution to issue on such judgment for the amount
of assessment on said note.

No insurance
until $50, 000

is offered and
contracted.

SEC. 15. And be it enacted, That no policy of insu-
rance shall be issued by this company until an amount of
properly equal to the value of fifty thousand dollars is
offered and contracted to be insured.

In force until
1890.

SEC. 16. And be it enacted, That this charter shall be
in full force and effect until the first Monday in January,
eighteen hundred and ninety, and the legislature hereby
reserves the right to change, alter or annull this act of
incorporation at pleasure.

CHAPTER 119.

Passed Feb.
10, 1846.

Preamble.

An act to incorporate the Town Hall Company of Cam-
bridge.
WHEREAS, certain individuals in Dorchester county,
have associated themselves into a joint stock company,
and by their united funds have erected a Hall in the town
of Cambridge to be used for lectures, musical meetings,
and other public exhibitions, and are desirous to protect
and preserve their property by an act of incorporation,
therefore,