THOMAS H. HICKS, ESQUIRE, GOVERNOR.

421

shall enure to the sole use, and of such person or
persons so expressed as aforesaid, independently
of the one whose life may be thus insured, as well
as of his or her creditors of such married woman,
minor or minors; provided however that this
section shall not apply to cases where the annual
cash premium paid on the policy shall exceed the
sum of two hundred dollars, unless paid from the
private property of the person or persons for
whose express benefit such insurance shall be
effected.

SEC. 10. And be it enacted, That every house
insured by this Company that may be destroyed by

fire from the first floor and upwards, shall be
deemed as demolished, and it shall be lawful for
the directors in such case, to order the money in-
sured to be paid as provided in section eighth.

Insurance to
be paid within
thirty days.

SEC. 11. And be it enacted, That in case of a
partial loss by fire the loss shall be determined
by appraisers, appointed as follows: the person
whose property is insured shall choose a disinter-
ested party, and within, ten days thereafter the
Company shall select another, and should they
fail to agree as to the valuation, then in that
event the two shall select a third disinterested
party, and their decision shall be final.

In case of par-
tial destruction
award how to
be determined.

SEC. 12. And be it enacted, That this Com-
pany shall be exempted from all taxation, as
granted to the several Mutual Fire Insurance
Companies, in chapter three hundred and nine,
page five hundred and twenty-four, passed Janu-
ary second, eighteen hundred and fifty-six.

Exempted from
taxation.

SEC. 13. And be it enacted, That whenever there
shall be a just claim upon the Company, for a
larger amount than their cash funds in hand, and
any notes or obligations shall be due to said Com-
pany, on account of premiums for insurance, the
directors shall immediately assess such deficiency
in a rateable proportion on all persons or their

Authorised to
assess.

representatives so indebted as aforesaid; Provided,
the amount so assessed shall not exceed the amount
due on said notes or obligations, and in no case
shall any member be liable or called upon for any
losses, debts or expenses of said Company, beyond
the amount of such note or obligation, and notice
of all such assessment shall be given by the sec-
retary to each member in person, or by written or

Proviso.