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LAWS OF MARYLAND.

mand, and all legal charges that may be incurred
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 invalidate or pre-
judice the lien created thereon by the making and
delivery of such notes or evidences of debt, and
such real estate shall only be released from such
liability or lien thereon on the full payment of
such lien or evidences of debt, or such part thereof
as may be due 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 us 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 direc-
tors of the company, the said president and direc-
thrs may proceed to collect the same or any part
thereof in the manner hereinafter prescribed.

Who may be-
come members,

SEC. 6. 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 ad-
vance in cash, or by executing his note, at his,
her or their option, which note shall be for such
premium as may be required by the board of di-
rectors, not less than six per centum on the
amount insured, according to the greater or less
hazard of insurance, the note to be executed to
the Mutual Insurance Company of Somerset and
Worcester counties, and to bear interest from
date, the interest thereof to be paid annually
in advance at the rate of six per centum per
annum.

Policies not to
issue for less
than a year.

SEC. 7. And be it enacted, 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 policy
shall be issued upon merchandise, household fur-
niture, or other personal property, for a term
less than six months, nor to a greater amount than
two-thirds of the value thereof; and in case of in-