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curred in enforcing payment thereof, in case of
refusal or neglect to pay by the drawers of such
notes or evidences of debt, any sale, mortgage or
transfer of such real estate subsequent to the date
of such notes or evidences of debt, and during
the time they are in existence, shall not invali-
date or prejudice the lien created thereon by the
making and delivering of such notes or evidences
of debt, and such real estate shall only be re-
leased from such lien or liability thereon on the
full payment of such notes or evidences of debt,
or such part thereof as may be demanded by the
President and Directors of the Company, and the
cancelling of the insurance or insurances for
which they were given as premiums under such
regulations as the said President and Directors
may establish, and in case of refusal or neglect
to pay such notes or evidences of debt, either
wholly or in part, whenever, and as often as may
be demanded by the President and Directors
of the Company, the said President and Direc-
tors may proceed to collect the same, or any
part thereof, in the same manner as in the
foreclosure of a mortgage on real estate, the
said notes or evidences of debt to be held and
deemed as a mortgage on such real estate.
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SEC. 5. And he it enacted, That Richard
Hance, Benjamin Morsell, John A. Basford, John
R. Quinan, Henry E. Morton, Nathaniel Duke,
Alexander Somervill, James A. Bond, John
Parran, James S. Briscoe, William J. Harrison,
A. R. Sollers, Thomas R. Tongue, William Mc-
Daniel, James S. Morsell, Jr., Richard Roberts,
John A. Sedwick, James T. Wall, Hammond
Stewart, Lewis Griffith and John T. Turner, are
hereby created directors of the said Mutual Fire
Insurance Company, in Calvert county, until the
first Monday in August, in the year eighteen hun-
dred and fifty-eight and until their successors
shall be elected as hereinafter provided for, and
such of them, as shall be present at the first
meeting, shall proceed to organise the Company
by electing a President and Secretary thereof, and
as soon thereafter as practicable adopt a form of
constitution and by-laws, to provide the necessary
books, and otherwise prepare the Company for
the transaction of business, and when so pre-
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Directors ap-
pointed.
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