Massachusetts spy and Worcester advertiser. [volume] ([Worcester, Mass.]) 1823-1825, 1824-04-21

shall also eac every ten miles travel
to and from the place of said meetings And the Directors shall
make such further allowance the President for his services
they shall deem ble
ART President Directors may iqudate and adjust the
damages sustained by insured
opnon shall be for the interest of Cooperation
say refer the question of damages ola partial total loss
referees mutually the Directors insured report
said referees to be conclusive.
ART 8The Directors appoint such agents.
within the County of Worcester, they may think proper with
such powers and authorities shall he useful and expdien
ART g. No alterations the terms of insurance. shall be made
account of Buildings being made less hazardous by
means, not under control of the insured.
the second Wednesday December their Office Worcester at
SIX O'Clock T. M Fifteen members being present. shall constitute
majority OF votes each member having votes he has pol
lcies, with the RICH; of voting by proxy
H. general meeting be called by the President
Directors application made writing, by twenty-five
members Notice OF such meeting shall be given three weeks sue
cessVely IN one or more Newspapers printed in Worcester
ART r. Each person, Company agent upon
Of his her. or their policy policies and before the shall be
delivered shall pay the premium
deposit the President and Directors shall from time to time deter
mine.
ART. 49, Each policy term of seven years.
shall expire at 2 o'clock the day of the said
be computed from and day
on which the policy may be dated.
ART H. Each company insured pay each policy
transfer duly executed not exceeding thousand
i've hundred dollars dollar for the above that two
dollars.
ART. Is. When included the poll
cy, they shall be severaiy valued.
ART TO- Not than three fourth of the value any Building
shall be insured by this company, and much less the insured
may choose.
ART. II. When buildings ahated by sale,
other the insured his representative may
surrender HIS her their policy policies receive not
exceeding his, her, or their deposit money.
ART 49, The absolute funds this Company shall be- and here
by are appropriated follows h To all charse2nd. To
all losses happening during the existence Of policies provided
the same should exceed FIVE cent insured unless
be proved that the insured purpoey burned the property
neglected to exnguh the fire when hunng3d To be disposed
agreeaby the provisions of the 18th ace4h The residue
said funds shall be refunded each member his her. their
heirs, at the expiration of hs her. their policy policies
ART 49, The residue the absolute fund.- demanded within
from the expiration policy poces deposit
money not demanded within from the time the said policy
policies shall become void shall be forfeited and become the
perty of the Company.
ART CO. In Directors shall require payment any
security given deposit thereof and payment shall
be neglected for than thirty days. after such requirement. the
denquen policy shall and determine until payment shall be
made with interest," and such given for the neglect shall be
satisfactory to the Directors.
ART. 81 Each member sustaining loss by e shall certify the
writing of the Directors may be- and
before any rep tir made
ART g. policy shall be issued from the Companys Office TO
an agent attorney until such agent attorneys be enter
ed the books the company the original power be lodged
with the Secretary, paying therefor fee of one dollar
ART 49, Whenever 800 received Office Treaur-
er shall deposit the bank within the County, the
of the President and Directors the Worcester
ance Company.
ART "a No shall act President Director
this Company, unless he be member thereof
ART g. The Insurance. shall lie paid
at the delivery the policy and the insured shall also
nCh the President and Directors shall prescribe
deposit equal four times the amount of such PREMIUM
such losses to the Company by the destruction
of any Building or Buildings AARON TUFTS Per Order.