THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

held or refused more than three months after the com-
pany are duly notified of such loss — no member of the
company, not being in his individual capacity a party to
the suit or suits, shall be incompetent as a witness on
account of his being a member of the company.

CHAP. 165.

SEC. 10. And be it enacted, That the directors shall
after ascertaining the amount of loss or damage by fire,
sustained by any of its members, settle and determine in
proportion to the deposit notes, the amount to be paid
by any of its members as their respective shares of such
loss or damage, and publish the same in such manner as
may be prescribed by the by-laws, and members shall
pay the same to the treasurer of the company, within
thirty days after the publication of said notice; on neg-
lect or refusal to pay the sum assessed upon him as a
proportion of any loss as aforesaid, in such case said
company may sue for and recover the whole amount of
his or her deposit note, or notes, with costs of suit, and
the amount thus collected shall remain in the treasury of
the company subject to the payment of such losses or
expenses as have accrued, or may thereafter accrue, and
the balance if any remain, shall be returned to the party
from whom it was collected, on demand.

Loss to be
paid on thirty
days notice.

SEC. 11. And be it enacted, That the office of said
company shall be in Leitersburg, and the annual and all
other meetings of the company and the board of direc-
tors for transacting the business of the company, shall be
held at their office in the aforesaid place, and at the an-
nual meeting of the company, the members shall pass all
by-laws, rules and regulations necessary for the well gov-
ernment of the affairs of said corporation; it shall be the
duty of the secretary and treasurer, at such annual meet-
ing, to have all the books and writings concerning the
company, at such place of meeting, and any member of
the company shall be allowed to examine the same.

Place of hold-
ing meeting.

SEC. 12. And be it enacted, That no property of
any kind whatsoever, is to be insured by this company
in any town or village, containing more than one hun-
dred dwelling houses; and no policy shall be issued by
this corporal ion, until the properly insured shall amount
to three hundred thousand dollars.

Amount to be
insured.

SEC. 13. And be it enacted, That this act shall take
effect immediately after its passage; and that the legis-
lature may at any time, modify or annul this act of incor-
poration.

In force after
its passage.

SEC. 14. And be it enacted, That nothing in this act
shall be so construed as to authorise the said company to
issue any note, scrip, token, device or other evidence of
debt to be used as a currency.

Issues forbid.