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Session Laws, 1845
Volume 610, Page 269   View pdf image
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1845.

LAWS OF MARYLAND.

CHAP. 249.

an order on the treasurer for the amount adjudged to him,
her or them; which said sum of money, must be paid
within sixty days from the occurrence of the fire, other-
wise, the said corporation shall be liable for interest
thereon.

Bound to pay
for losses.

SEC. 10. And be it enacted, That -every member of the
said corporation, shall be bound to pay for the losses and
necessary expenses accruing in and to said corporation,
in proportion to his or her deposits note or taxable pro-
perty on the books of the company; and suits at law may
be maintained by said Corporation, against any of its
members for the collection of said deposite notes, or an
assessment thereon, or for any other cause relating to the
business of the company; and suits at Jaw may be pro-
secuted and maintained by any member against said cor-
poration for losses or damages by fire, if payment is
withheld more than sixty days after said corporation is
duly notified of such losses; and no member of said cor-
poration, not being in his individual capacity a party to
such suit, shall be incompetent as a witness in any such
cause on account of his being a member thereof.

Neglect or re-
fuse to pay in-
terest upon de-
posite note.

SEC. 11. And be it enacted, That if any member of
this corporation shall neglect or refuse to pay the inter-
est upon his deposite note, on the day of the annual meet-
ing of the members as is provided by the sixth section
of this act, such member shall thereby be debarred from
any benefit or advantage from his or her insurance, until
the same is paid, and in case any loss or damage by fire
is sustained by such delinquent member, between the
time said interest is payable and the payment thereof,
such loss or damage shall not be remunerated by the said
company, but the operation and effect of said delinquent
member's policy, shall be suspended until all arrears of
interest are duly paid; and if any member for the space
of thirty days after demand of the same by any collector
duly authorised by the president and managers, shall
neglect or refuse to pay the sum assessed upon his or
her proportion of any loss for which the said corporation
is legally bound, the managers shall in the name of the

Sue and re-
cover.

said corporation, sue for and recover the whole amount
of his or her deposite note, with costs of suit, and the
amount thus collected, shall remain in the treasury of said
corporation, until the next annual meeting, when if any
balance remain, it shall be returned to the party from
whom it was collected, and said delinquent member shall
in the meantime be excluded from any benefit of his own
insurance, and no loss which said delinquent member



 
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Session Laws, 1845
Volume 610, Page 269   View pdf image
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