The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1852-07-07
Coneluded tton fou,th paxe.

buildings not increasing ruch risk os hszsrd. shs
in any wise affect insurance previously msd
thereon.
SEC. I6. That il insurance ON sny house
building shall be aud subsst 10 said coshpsny, sn
in any office, or from and by any other person o
persons, at the snme time. the insurance made u
aud By said company, shall be deemed sssf become
void, unless such double insurance subsis with the
consent OF the directors, signiiied ly endorsement
on the back Of The policy. signed BY tits president
and secretary 81
SEC. II. The corporators named IN the FIRST
section Of this act, any five Of them, may call
fhe INST meeting Of the m.Inbers Of said cpmpsny.
st any suitable time, (within three years from the
passage of thi. act.) 10 he holden in Woedsfeid.
IN said county OF Monroe, BY adveriseineni in any
newspaper published ~ said town OF Woods6eid,
giving at least twenty days notice Of the time. sid
plAc-. aud design of .aId meeting. for choosing
The first board OF directors; Of making and eslnb-
lIshpg 10y. laws, and of ransactiug any business
necessary aud proper for carrying into effect The
provisions aud intentions Of tnIs act; Provided,
however, that ITO policy shall issue by ssid com
pany, until application shall be made fos jinsu-
rance OIL at least il,irly thousand dollars g
SIC. l8. That after the full term II twenty
yeas shalt have expired, from aud sfter the or
< uzatiou of sad company. Under this act, the
legislature (shal have authority q alter or repeal
the same, II they shall consider The public good
requires it. r44sfa
SEC 10. That each and every ons Of the d.
rectors of said company. shalt. before he enters
upon the duties Of SAID Office. give bond 10 tho
treasurer ot Monroe county in the su'u VI si,ree
thousand dollars, with good and sufficient securi-
ty. TO be approved by said treasurer. conditioned
foi the faithful discharge Of the duties OF bis Office,
agreeably to the requirements. rrslrictinns. and
regulations Of this aci aud shall also take M oath
Of office; and on the complaint of any person who
has been injured by the misconduct 81 amy direc-
tor, il shall be the duty of said treasurer to Cause
10 he put INTO snit, on recriving security TO in-
demnify the county against costs. and 10 certify To-
the court, who Is the prosecutor il snch Cases. snd
the said court may, motiun uf the defendants Ia
said cause order the prosecutor 10 find sureties To
Indemnify the defendants f,r their costs. should he
fail 10 prosecute or receiver thereon; and IL the
defendant shall plead performances II tl,s .condi-
tons OF SAID binds, the prosecutor may reply ss
MANY breaches espeCiing his intent az he shall
think MT; and the jury or, the trial oi stch iBsues
as shall be put on them. shall assess damages FIR
such breaches as the prosecutor shall prove. and
the court shall render up such judgement for the
whole penalty Of the bond, and Issue execution
IN favor Of the prosecutor for such sum ss the
jury shall have found for damages and costs; and
TIE judgment shall remain for the b1neft OF such
Pe''o" W % WaySo dfCiTc taCids tneteOns
show thai they have been injured by any breaches
Of the conditions Of said bond; and II the proseco-
ton shall fail to recover in such suit. the court
shalt award costs ~ the defendants, and thereon
Issue execution against such prosecutor.
SEC 20. msjorty Of said directors may bor-
row money upon the credit OF the cspitat stock
or fund Of asid company. TO pay any actust loss
Of sand company. whenever they may deem il
expedient. ,,l4
Src 2l That oil property belonging 10 said
company shall be subject TO taxation a. other
property, except the premium notes.
JOHN F. MORSE.
Speaker of The House of Representation.
CHARLES C. CONVERS,
Speaker " the Senate.
March 7. 1851. ~ aN