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Session Laws, 1847
Volume 612, Page 175   View pdf image
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1847.

LAWS OF MARYLAND.

CHAP. 188.
To subscribe
assent on be-
coming mem-
bers.

SEC. 2. And be it enacted, That it shall be the duty
of the secretary of the said company, to keep a book con-
taining a copy of this act, and of such constitution and
bye-laws of the said company as may be established, and
that all persons who may wish to become members of
the said company, shall be required to express in,
writing at the foot thereof their assent thereto, which,
expression of assent, and the payment of such fees,
charges or premiums as may be demanded by the proper
officers of the corporation, shall constitute such persons
members of the said company, and as such shall be bound
by all the rules and regulations of said company as con-
tained in this act, and in the constitution and bye-laws
of the said company, and every person or persons or
corporation which shall be insured by this company shall
become members thereof as already provided for.

Conditions of
withdrawal.

SEC. 3. And be it enacted, That any member of the
said company shall have lull power to withdraw there-
from at any time by applying to the proper officer there-
of and paying such fees as may be reasonably demand-
ed, and any arrearages of assessments that he may then
owe to the company, when the said proper officer shall
cancel such insurance or insurances as may be in the
name of the person so withdrawing, and make a record
thereof in the books of the company, which shall release
such member and any real estate that he may have insur-
ed from all liability for or on account of any notes, due
bills or other evidences of debt to the said company held by
it for premiums on such real estate, the insurance on which
shall thus be cancelled, and shall debar him or her from
any claim on this corporation for any loss or damage by
fire subsequent to the time of such withdrawal and can-
celling such insurance.

Notes, &c.
given for pre-
miums to be
lien on real
estate, &c.

SEC 4. And be it enacted, That all promissory
notes of hand or other evidences of debt held by the
said company, which shall have been given thereto for
premiums for insurance, or for any part or parts of said
premiums, shall constitute and be deemed a lien on any
real estate which may be insured in consideration or
part consideration of such notes or evidences of debt,
which real estate shall be held liable for the full and
just payment of such notes or evidences of debt, either
wholly or in part, at such time or times as the president
and directors shall demand, and of all legal charges that
may be incurred in enforcing payment thereof, in case
of refusal or neglect to pay by the drawers of such notes
or evidences of debt, any sole, mortgage or transfer of



 
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Session Laws, 1847
Volume 612, Page 175   View pdf image
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