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PHILIP P. THOMAS, ESQUIRE, GOVERNOR.
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1849.
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common seal, and the same to break, alter and renew at
pleasure, and generally to do every other act or thing
necessary to carry into effect the provisions of this act
and promote the object and design of said corporation.
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CHAP. 129.
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SEC. 2. And be it enacted, That it shall be the duty
of the secretary of the said association, to keep a book
containing a copy of this act, and of such constitution
and bye-laws, as be established for the government of
said association, and that all persons, who may be elect-
ed members thereof, shall upon signing their names
thereto, and upon payment of such fees, charges and
premiums, as may be demanded by the proper officers
of the said corporation, be constituted members of the
said association, and as such shall be bound by all the
rules and regulations thereof, as contained in this act,and
in the constitution and bye-laws of the said associa-
tion.
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Duty of secre-
tary.
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SEC. 3. And be it enacted, That any member of the
said association, who has not previously received the
benefit assured to each member thereof, shall have full
power to withdraw therefrom at any time, by making
application in writing to the proper officers, who shall
within one month thereafter, or so soon as the necessary
sum is in the treasury, return to the member so apply-
ing the amount of his deposits, after deducting there-
from the entrance fee, the amount of fines imposed up-
on him by reason of the non-fulfilment of his duties to
the time of making such application, any arrearages of
assessments that he may then owe to the association
of which he is a member, and a fair proportional part of
the losses to that time sustained by the association, and
of the expenses incurred in the management of the af-
fairs of the association.
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Withdrawal
provided for.
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SEC. 4. And be it enacted, That it shall and may be
lawful for the directors of the association, to require and
receive from any member, applying for benefits accord-
ing to the provisions of the constitution of such associa-
tion, security in the form of a mortgage or other evi-
dence of debt, at their option, for the true and faithful
discharge of his duties as benefited member; and upon
refusal or neglect on the pan of a member so applying,
to provide and give such security, to withhold from him
all benefits until such security is given, or until he be-
comes thereto entitled, by the provisions of such consti-
tution, without giving security.
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Security to be
given.
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SEC. 5. And be if, enacted, That all persons at any
time members of said association, and who may not
have withdrawn therefrom in accordance with the third
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Responsibility
of members.
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