|
CHAP. 143
Repealed.
Ninth section.
|
SECTION 1. Be it enacted by the General Assembly of
Maryland, That the said ninth section of the aforesaid
act be and the same is hereby repealed.
SEC. 2. And be it enacted, That the following be, and
the same is hereby substituted in place of the section
above referred to, as the ninth section of the aforesaid
act, namely; That in case any loss or damage by fire
shall be sustained, the party sustaining such loss shall,
within thirty days thereafter appraise the company thereof,
and in case of the partial destruction or damage, of the
amount of loss sustained, and the directors of said com-
pany shall immediately after the notification thereof, as-
certain the amount of such loss, and apportion the same
rateably between the parties recently insuring by an as-
sessment upon their notes, and upon the interest fund ac-
cumulated by previous insurers until the amount of assess-
ment upon the notes shall equal the amount of interest
previously paid in by parties who have previously insur-
ed, 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 notes of the parties last insuring, then the
loss shall be supplied by a rateable assessment upon all
the premium notes and cash advanced by way of premium,
and in case the whole capital shall be required to meet
losses, the same shall be forthwith collected and dis-
tributed rateably among the insured, according to the
amount of loss by him, her, or them, sustained and cover-
ed by his, her, or their policy.
CHAPTER 143.
|
|
|
Passed Feb.
26, 1847.
|
A supplement to an act entitled, an act for the better col-
lection of the Public Revenue, passed at December ses-
sion, one thousand eight hundred and forty-five, chapter
one hundred and ninety-six.
|
|
|
Authorised to
purchase.
|
Be it enacted by the General Assembly of Maryland,
That from and after the passage of this act, in any case
where the Attorney General or any of his deputies in any
county, or in Howard District, shall have purchased, or
shall hereafter purchase any property for the use of the
State, by virtue of the act to which this is a supplement,
|
|