|
|
|
|
|
324
|
LAWS OF MARYLAND.
|
|
|
Proviso.
|
effect: Provided, the same be not inconsistent
with the constitution and laws of this State; and
in case any vacancy shall occur in the board of
directors from death, resignation, or any cause
the board of directors shall supply such vacancy
or vacancies until the next annual election.
|
|
|
Persons may
become mem-
bers by insur-
ing their prop-
erty in the
company.
|
SEC. 5. And be it enacted, That any person or
persons, or body corporate, may become members
of this institution by insuring his, her or their
property with the company, and by paying in
advance in cash, or by executing his note at his,
her or their option, which note shall he secured
in the manner hereafter prescribed, for such pre-
mium as may be required by the board of direc-
tors, not less than three per centum on the
amount insured, according to the greater or less
hazard of insurance, the note to be executed
to "The Mutual Fire Insurance Company of
Kent Island," and to bear interest from the
date, the interest thereof to be paid annually
in advance, at the rate of six per centum per
annum.
|
|
|
Clerk to be
furnished with
a docket.
|
SEC. 6. And be it enacted, That the clerk of
the county wherein the property insured may be
situated, shall be furnished with a docket by
"The Mutual Fire Insurance Company," in which
docket at the request of the president of said
company, shall be entered a judgment by the per-
son or persons, or body corporate to "The Mutual
Fire Insurance Company of Kent Island," for
the amount of his, her or their premium note,
without a declaration being tiled, appearance for
plaintiff being entered, or writ issued against the
party insuring, which said party insuring, shall
either appear in person, or shall direct the clerk,
by an instrument in writing, signed by said par-
ty, and attested by one witness, to enter up judg-
ment for the amount of his premium note, which
judgment shall be in a lien upon his, her or their
real estate; and for said service, the clerk shall
receive the sum of ten cents, to be paid by the
insured; or notes shall be taken with security ap-
proved by the president.
|
|
|
In case of fail-
ure to pay in-
terest execu-
tion may issue.
|
SEC. 7. And be it enacted, That in case the
party insured shall fail to pay his, her or their
interest in advance, or sixty days after the same
shall be due, or shall fail to pay any assessment
|
|
|
|
|
|
|
|