THOMAS H. HICKS, ESQUIRE, GOVERNOR.

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which may be made upon his premium note, as
hereinafter provided, it shall he lawful for the
said company to issue an execution against the
real estate hound by such judgment, for the
amount, which amount shall be endorsed by the
clerk, under the order of the president or secreta-
ry, upon the back of said execution.; and the par-
ty insured, until such interest and assessment be
paid, shall forfeit all benefit under his or their
policy.

SEC. 8. And be it enacted, That that no policy
upon houses, manufactories, mills, stores, shops,
barns and other buildings, shall be issued for a
term less than one year nor to a greater amount
than two thirds of the value thereof, and no poli-
cy shall be issued upon merchandise, household
furniture, or other personal property, for a term
less than one year, nor to a greater amount than
two thirds the value thereof; and in eases of in-
surances of personal property, where the party in-
sured has no real estate, the directors may take a
note for the amount of the premium required,
secured in such manner as they may deem most
expedient and safe.

Policies of in-
surance.

SBC. 9. And be it enacted, That in case any loss
or damage by fire shall be sustained, the party
sustaining such loss, shall within thirty days
thereafter apprise the company thereof, and the
directors of said company shall immediately after
notification thereof, ascertain the amount of such
loss, and apportion the same rateably between the
persons recently insuring, by an assessment upon
their notes, and upon the interest fund, such pro-
portion of losses as may have been previously in-
curred, and in case the damage by fire, shall ex-
ceed the amount of interest paid in, and the equi-
table proportion of assessment upon the premium
notes of the parties last insuring, then the losses
shall be supplied by a rateable assessment upon
all the premium notes, and cash advanced by way
of premium, and in case the whole capital shall
be required to meet losses, the same shall be forth-
with collected and distributed rateably among the
insured, according to the amount of loss by him,
her or them sustained, and covered by his, her or
their policy.

In case of loss
or damage by
fire.