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Session Laws, 1849
Volume 613, Page 407   View pdf image
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PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

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 asso-
ciation.

CHAP. 315.

SEC. 3. And be it enacted, That any member of the
said association, who has not previously received the
benefits 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 upon
him by reason of the non-fulfillment of his duties to the
time of making such application, any arrearages of as-
sessments 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.

Withdrawal.

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, ac-
cording to the provisions of the constitution of such as-
sociation, security in the form of a mortgage, or other
evidence of debt, at their option, for the true and faith-
ful discharge of his duties as benefited member, and upon
refusal or neglect on the part of a member so applying,
to provide and give such security, to withhold from him
all benefits, or until he becomes thereto entitled, by the
provisions of such constitution, without giving security.

When entitled
to benefits, etc.

SEC. 5. And be it enacted, That all persons, at any
time members of said association, and who may not
have withdrawn therefrom, in accordance with the third
section of this act, shall be jointly responsible to the
other members thereof, for the benefits to which they
may become entitled by the provisions of this act, or by
the constitution and bye-laws of the association.

Responsibility
of members.

SEC, 6. And be it enacted, That the said association
shall have, and are hereby invested with full power and
authority to make any bye-law or bye laws, whereby
any member thereof, failing to pay the assessments,
according to the constitution and bye-laws of the asso-
ciation, until the lines imposed for such neglect or refu-
sal equal in amount the entire sum of the assessments
paid in by such member, may be excluded from all

To make bye-
laws, etc.



 
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Session Laws, 1849
Volume 613, Page 407   View pdf image
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