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

We the Subscribers, owners buildings or household furniture
within the County Worcester, anticipating advantages which
may from having houses buildings and
nure, secured against fire. upon the only principles
porag Company by the of the Worcester Mutual
Insurance Company and which Provides that funds shall be raised
from among the Members to be distributed those whose
buildings household furniture should be injured
by fire. originating except that design the Insured
hereby subscribe Members and do bind
ourselves heirs and assigns observe the following articles and
such other rules may be adopted by said Company.
ARTICLE Each person. Company by its agent insured in
this Society," shall be considered member thereof and shall be ho
den such losses and be entitled such benefits are
pressed in this agreement.
ART The power Company shall be vested President
Treasurer and eight Directors who shall be chosen by ballot
annual meetings. for the term of and until others cho
sen in their stead.
ART g. The President Directors shall superintend the pru.
dental the Company and shall have the
and direction of all matters and things not otherwise provided for in
these regulations.
They Shall power ao their duty appoint
Secretary Clerk Clerks and ate them for their services
to hire office in such place. such terms and furnish with
stationary and such furniture they shall think proper receive
all and the invest according the
poraton to reward such persons as may distinguish themselves
by extraordinary exertons services in exngushng fires
fer premiums for the of vigilance and activity pro-
vded thus given shall exceed ten doaThey shall keep
of all their transactions and the shall be
all the members of the Company during office hours and SHALL
meeting, report said Company statement
all funds they shall likewise Company office
the first Wednesday of each month"; at of the clock P NJ and
at such other times Judge necessary Three members
quorum business. that number
should not assemble the Secretary shall adjourn the meeting from
day to 6ay or from week to week and shall notify the
and Directors accordingly.
ART H. All policies which may issue from this Company
property previouS ed shall be pO ao void unless
previous be Endorsed the policy time it
and when subsequent insurance shall be made any
Company by property insured this Office shall
iso co annu the policy and the premium be forfeited
Company.
Also when the insured shall alter enlarge building appro-
to other purposes than no mentioned the policy
to increase the risk tie SHALL isO actO, become
But the insured shall alter, emerge, change the
building insured increase the risk and shall within sixty
days from such alteration enlargement change of appropriations
notice thereof the Secretary the policy by
the Directors such terms they may deem equitable
ART s. When any Mansion House, other Building shall
aenatd by sale otherwise the policy SHALL thereupon pso
% void unless the grantee aenee shall have the policy
signed him. by Endorsement thereof and SHALL within thirty
give notice ouch the Secretary and the
be recorded the books of the Corporation which assignment
from the time notice given aforesaid, shall give the assignee
all the benefits resulting from said policy.
ART g. The President and Directors shall receive for their
sona attendance every monthly special adjourned meeting
dollar ec and shall pay fine of one dollar for
except reasonable shall be offered the board
and the Secretary shall keep accurate account of the
of TIM President and each Director The said President and Dc-