Chap. 16.—An ACT to amend and re-enact sections two and three of
an act to incorporate the Farmers and Mechanics Benevolent Fire
Insurance Association of the counties of Roanoke and Botetourt.

Approved April 7, 1882.

1. Beit enacted by the general assembly of Virginia, That
sections two and three of an act in force April second, eigh-
teen hundred and seventy-three, entitled an act to incorporate
the Farmers and Mechanics Benevolent Fire Insurance Asso-
ciation of the counties of Roanoke and Botetourt, be amen-
ded and re-enacted so as to read as follows:

2. For the due organization of said association, it shall not
be necessary that any capital stock shall be subscribed, but
the corporators aforesaid, and such others as may consent in
writing, to become associated with them, or a majority of
them, may meet and organize at such time and place as a
majority of them may designate, of which reasonable notice
shall be given in the newspapers printed in Salem and Fin-
castle. ‘Che officers of the association shall consist of a presi-
dent, vice-president, secretary, treasurer, and as many direc-
tors as the association may deem necessary, all of whom shall
be elected or appointed in such manner and for such time as
the said association may prescribe. The fees of membership,
the ways and means of raising moncy to meet the contingent
expenses of the association, apart from losses by fire, renewal
of policies, the admission of new members, as well as the
withdrawal and expulsion of any members, shall be pre-
scribed and regulated by the by-laws of the said association.

3. The said association shall have power to insure its mem-
bers against any loss or losses by fire to an amount not ex-
ceeding, in any case, two-thirds of the estimated value of the
property insured, and in order to enable it toraise the means
of paying its liabilities, it shall be the duty of the board of
directors, as soon as may be after the happening of any fire
for which the association may be responsible for the losses
and injury occasioned thereby, to assemble together and make
such assessment upon each individual member of the associ-
ation as the by-laws may authorize and provide for; which
said assessment shall be paid by such member within sixty
days from the time of its being levied; and if any member,
or his representative, on being applied to, shall fail to pay his
assessment within the period aforesaid, the same may be re-
covered in the corporate name of the association, by motion,
after ten days notice, in the county court of the county where
such member or his representative resides.

4. This act shall be in force from its passage.
Chap. 16.—An ACT to amend and re-enact sections two and three of
an act to incorporate the Farmers and Mechanics Benevolent Fire
Insurance Association of the counties of Roanoke and Botetourt.

Approved April 7, 1882.

1. Beit enacted by the general assembly of Virginia, That
sections two and three of an act in force April second, eigh-
teen hundred and seventy-three, entitled an act to incorporate
the Farmers and Mechanics Benevolent Fire Insurance Asso-
ciation of the counties of Roanoke and Botetourt, be amen-
ded and re-enacted so as to read as follows:

2. For the due organization of said association, it shall not
be necessary that any capital stock shall be subscribed, but
the corporators aforesaid, and such others as may consent in
writing, to become associated with them, or a majority of
them, may meet and organize at such time and place as a
majority of them may designate, of which reasonable notice
shall be given in the newspapers printed in Salem and Fin-
castle. ‘Che officers of the association shall consist of a presi-
dent, vice-president, secretary, treasurer, and as many direc-
tors as the association may deem necessary, all of whom shall
be elected or appointed in such manner and for such time as
the said association may prescribe. The fees of membership,
the ways and means of raising moncy to meet the contingent
expenses of the association, apart from losses by fire, renewal
of policies, the admission of new members, as well as the
withdrawal and expulsion of any members, shall be pre-
scribed and regulated by the by-laws of the said association.

3. The said association shall have power to insure its mem-
bers against any loss or losses by fire to an amount not ex-
ceeding, in any case, two-thirds of the estimated value of the
property insured, and in order to enable it toraise the means
of paying its liabilities, it shall be the duty of the board of
directors, as soon as may be after the happening of any fire
for which the association may be responsible for the losses
and injury occasioned thereby, to assemble together and make
such assessment upon each individual member of the associ-
ation as the by-laws may authorize and provide for; which
said assessment shall be paid by such member within sixty
days from the time of its being levied; and if any member,
or his representative, on being applied to, shall fail to pay his
assessment within the period aforesaid, the same may be re-
covered in the corporate name of the association, by motion,
after ten days notice, in the county court of the county where
such member or his representative resides.

4. This act shall be in force from its passage.