136

LAWS OF MARYLAND.

Continue in
force.

Sec. 9. And be it enacted, That this charter shall
be in force and effect until the first Monday in
January in the year nineteen hundred.

LOSS — how
settled.

Sec. 10. And be it enacted, That whenever a loss
shall occur, which the said Company are liable to
pay, it shall be the duty of the Directors at their
next meeting after they shall have been notified of
said loss, to cause an accurate estimate and state-
ment to be made of the proportion or sum to be
contributed by each member to make good said
loss, and to notify the members of the said corpo-
ration of the same, and if at the expiration of
sixty days from the date of such notice any mem-
ber of said corporation shall have failed. to pay
his, her or their contribution aforesaid, it shall be
lawful for the said Board of Directors, upon filing
such statement in the office of the Clerk of Anne
Arundel County, or with the Clerk of such other
county or district in which such defaulting mem-
ber or members shall reside, to cause execution to
issue for the said proportion in the same manner
as if a judgment had been rendered, for the same,
together with all costs incident to such proceeding.

By-laws.

Sec. 11. And be it enacted, That the said Com-
pany shall have and is hereby invested with full
power and authority to make any by-law or by-
laws whereby any member of the said Company
failing to pay the interest on his, her or their pre-
mium note or notes, according to the Constitution
and by-laws of the said Company, may be exclu-
ded from all benefits of insurance, and at the same
time be held liable to contribution in case of loss
by others, during all the time he, she or they may
be so in default, any law or statute of this State to
the contrary in anywise notwithstanding.

May revoke.

Sec. 12. And be it enacted, That the said Com-
pany shall have full power and authority to re-
scind or revoke any policy of insurance by them
issued whenever they shall deem it for the interest
of said Company to do so.

Alter or
amend.

Sec. 13. And be it enacted , That the General
Assembly of Maryland reserves to itself the right
to change, alter or amend this Act of incorpora-
tion at pleasure.

Approved March 3, 1868.