Massachusetts spy and Worcester advertiser. [volume] ([Worcester, Mass.]) 1823-1825, 1824-03-17
REPORT.

We the Subscribers of buildings household furniture
within the County Worcester anticipating the advantages which
may arise TO us from having houses buildings and household
nitue secured against fire. the only principles nur-
and act of the General Court passed.
poatns Company by the of the Worcester Mutual Fire
Insurance Company and which Provides that funds shall be raised
from among the Members to be distributed among those
buildings OR household furniture should be consumed injured
oy he originating except that design the Insured
do hereby subscribe Members sam bind
ourselves our heirs and assigns observe the following articles and
such other rules may be adopted by said Company
ARTICLE Each person. or Company, by its agent insured in
TINS society," snail be considered member thereof and shall be ho
pressed in this agreement.
ART g The power this Company shall vested President
Treasurer and eight Directors who shall by at the
annual meetings. for the term of year, and until others
sen in their stead.
ART g. The President Directors shall upentend the pr
dental of the Company and shall
and direction of all matters and things not otherwise provided
these regulations.
They shall have power also, duty appoint
Secretary Clerk Clerks and compensate them services
10 hre an ONCE such place. such terms and furnish with
stationary and such furniture they shall think proper
all the monies and the to invest according of
poaton TO reward such persons distinguish themselves
oy extraordinary exerons services extngushg
fer premiums for the of vigilance activity pro-
vded thus given shall exceed doarsThey shall keep
fair records OF all their transactions shall open to
all the members of the Company during hours and SHALL
each annual meeting report to said COMPANY correct
of all their unds they shall likewise Companys office
ON the first Wednesday of each month"; of the clock
other times as they shall Judge Three
shall constitute quorum for business that number
should not assemble the Secretary shall adjourn meeting
day day. from week week. shall notify the President
and Directors accordingly
ART d. All policies which may issue from this Company to
cover property previously insured shall be aO unless
such previous insurance be Endorsed policy
Sues and when subsequent insurance shall made any
company or by property insured this Office shall
acto annu the policy and the premium be forfeited this
Company.
Also when the insured shall alter enlarge building
pirate to other than hose mentioned the policy
to increase the risk the SHALL pso aco become void
but in case the insured shall alter enlsge change the
building insured increase the risk, within sixty
Gays from such alterations enlargement change Of appropriation
give notice thereof to the Secretary the policy renewed by
the Directors such terms they may deem equitable
ART When any Mansion House, other Building shall be
by sale otherwise the policy SHALL theeupon psO
VOID unless the grantee, aenee shall have policy
signed to him. by an Endorsement thereof SHALL within thirty days
give notice such the Secretary and the
70 be recorded the books of the Corporation which
from the time notice sven aforesaid shall give the
all the benefits resulting from said policy.
ART b. The President and Directors shall receive for
son attendance at every monhy special adjourned meeting
one dollar each and shall fine of dollar for
reasonable shall be offered the board absence
and the Secretary shall keep
OF the President and each Director The said President