THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

signed by said party and attested by one witness, to enter
up judgment for the amount of his premium note, which
judgment shall be a lien upon his, her or their real estate,
and for said service the clerk shall receive the sum of
ten cents to be paid by the insured, and no policy shall
be issued until such judgment be entered up.

CHAP. 37.

SEC. 7. And be it enacted, That in case the party
insured shall fail to pay his, her or their interest in

advance sixty days after the same shall become due, or
shall fail to pay any assessment which may be made upon
his premium note as is hereinafter provided, it shall be
lawful for the said company to issue an execution against
the real estate bound by said judgment for the amount of
such interest or assessment, which amount shall be
endorsed by the clerk under the order of the president
or secretary upon the back of said execution, and the
party insured until such interest or assessment be paid
shall forfeit all benefit under his, her or their policy.

On failure to
pay, executi-
on may issue.

SEC. 8. And be it enacted, That no policy upon
houses, manufactories, mills, stores, shops, barns and
other buildings shall be issued for a term less than seven
years nor to a greater amount than two-thirds of the
value thereof, and no policy shall be issued upon mer-
chandise, household furniture or other personal property
for a term less than one year nor to a greater amount
than two-thirds of the value thereof; and in cases of
insurance of personal property, when the party insured
has no real estate the directors may take a note for the
amount of the premium required, secured in such man-
ner as they may deem most expedient and safe.

Period of po-
licies.

SEC. 9. And be it enacted, That in case any loss or
damage by fire shall be sustained, the party sustaining
such loss shall within thirty days thereafter apprise the
company thereof, and in case of partial destruction or
damage, of the amount of loss sustained, and the direct-
ors of said company shall immediately after the notifica-
tion thereof ascertain the amount of such loss and
apportion the same rateably between the parties
recently insuring by an assessment upon their notes, and
upon the interest fund accumulated by previous in-
surances, until the amount of assessment upon the notes
shall equal the amount of interest previously paid in by
parties who have previously insured, deducting from such,
interest fund such proportion of losses as may have been
previously incurred; and in case the damage by fire
shall exceed the amount of interest paid in, and the
equitable proportion of assessment upon the premium

Parties to give
30 days notice.