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CHAPTER 123.
A supplement to the act entitled, an act to incorporate the
Mutual Insurance company of Washington county.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That the thirteenth section of the original
act to which this is a supplement, shall be so altered
as to read thus,strike out all after the word retained in the
seventh line, and insert: provided, no losses shall have
been incurred by the company so as to require an assess-
ment upon his, her or their premium note, judgment or
cash advanced as premium for the payment of the same;
and provided, such purchaser or purchasers shall execute
his, her or their note, confess judgment or advance in
cash the amount of premium required, and complies
with all the conditions imposed upon the original parties
insured, and any person or persons wishing to discon-
tinue his, her or their insurance, may at any time with-
draw the same and have his, her or their policy cancel-
led and premium note returned, judgment entered satis-
fied, or cash paid in advance refunded, deducting from
said note, judgment or cash, any assessment that may be
made upon the same by the board of directors for the
satisfaction of losses sustained by the said company for
any specified time, if the policy be withdrawn shall be
forfeited to the said company.
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CHAP. 124,
Passed
Feb. 29, 1848.
Amendment
to charter of
Mutual Insu-
rance compa-
ny of Wash-
ington county.
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A supplement to an act entitled, an act to incorporate
the Mutual Life Insurance Company of Baltimore.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That so much of the third section of the
act to which this is a supplement, which provides for
the time of the general meeting of the members of the
said company, be and the same is hereby altered to the
third Monday in January in each and every year, in-
stead of the first Monday in January.
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Passed
Feb. 24, 1848.
Time of annu-
al meeting
changed.
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