CHAP. 235.—An ACT to amend the charter of the Albemarle Home
Mutual Fire Insurance Company.

Approved March 8, 1880.

1. Be it enacted by the general assembly of Virginia, That
sections four, five and seven of an act entitled an act to incor-
porate the Albemarle Home Mutual Fire Insurance company,
approved January eighth, eighteen hundred and seventy-five,
be amended and re-enacted so as to read as follows:
§ 4. There shall be an annual meeting of the company for
the election of officers and directors at such time and place as
the stockholders in general meeting may appoint. The presi-
dent and secretary, elected by the stockholders at their annual
meeting, shall be president and secretary of the board of di-
rectors, and the presjdent, secretary and directors shall con-
tinue in office until their successors are similarly elected. At
any meeting of said company, twenty-five members, represented
in person or by proxy, shall constitute a quorum for business.
In all meetings of said company, each member shall be entitled
to one vote for the first one thousand dollars, or fractional parts
thereof of the amount in which the property of such member is
insured, and one vote for every additional one thousand dollars
of such amount: provided, that no member shall be allowed a
vote for any fractional part above the first one thousand dol-
lars.

§ 5. All persons subscribing to this charter of incorporation
and pleading themselves to be governed by any constitution,
by-laws, regulations or requirements adopted by said company
in pursuance thereof, their executors, administrators, assigns
and vendees, continuing to be insured therewith, shall thereby
become members of said company during the time they shall
remain insured therein, or until they shall withdraw from the
company in accordance with its prescribed regulations: pro-
vided, that the subscription of any person subscribing to this
charter shall act as a lien on his realty to secure the payment
of any assessment that may be made upon him whilst a mem-
ber of the company.

§ 7. Whenever a loss by fire is sustained by a member, the
president shall immediately convene the board of directors, and
upon proper and full proof of such loss, shall thereupon assess
such pro rata sums upon all the members of said company as
are necessary to pay all such loss, and collect from each mem-
ber, at such time or times and in such proportions, as may be
called for by said president and directors; and if any member
shall fail to pay the same so called for, it may be recovered,
upon motion, after twenty days’ notice in writing, in any of the
courts of the commonwealth.

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