Other formats

    Adobe Portable Document Format file (facsimile images)   TEI XML file   ePub eBook file  


    mail icontwitter iconBlogspot iconrss icon

The Pamphlet Collection of Sir Robert Stout: Volume 7

Fire Insurance and Ground Rent

Fire Insurance and Ground Rent.

34. All buildings mortgaged to the Society shall be insured in the names of the Trustees for the time being, fer such amount as they may determine, at the expense of the mortgagor. The Board may pay all premiums for insurance of mortgaged property out of the funds of the Society, and the person on whose account such premium of insurance shall be paid shall, on demand, reimburse the amount so paid. In case the mortgagor shall neglect or refuse to pay such premium for insurance as aforesaid, he or she shall forfeit 2s 6d per month until repayment. All receipts for ground rent shall, if required, be presented by the mortgagor to the Board at the first monthly meeting after the same shall have become page 19 due; but if such receipts be not produced, or satisfactory proof given of the payment of ground rent by the mortgagor, he shall pay a fine of 2s 6d for every monthly meeting on which he shall neglect to produce such receipts as aforesaid. This rule is without prejudice to the power contained in the preceding rule.