Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1854-11-24

process had been made such trustees or esees
Approved, November Ia, 1854.
No. 30 AN ACT TO AMEND SECTIONS SIXTY EIGHT AMP
sTATUrEs RELATING TO RAILROAD CORPORATIONS
his hereby enacted by the General assembly Of the STATE
Of Vermont, foLiotcs
Src The provisions of sections xtyeight and sixty
nine of chapter weny-sx of the compiled statutes relating
to railroad corporations shall be construed and IN all cases
shall be treated extending all mortgages trustees, assign
ees or other persons controlling having control OIL any
railroad corporation of this state.
SEC g This act shall take effect from its passage
Approved November ID, 1854
No ai-AN ACT RELATING TO FOREIGN FIRE INSURANCE
COMPANIES.
II is hereby enacted by the General assembly Of The State
Of Tomont, folioics
SEC l. The first section of act entitled an act in
relation insurance against fire by foreign companies APP
proved November 90 1852 is amended so as to read as
follows:
II any person shall directly indirectly, agent OF any
company, not incorporated in this state make OF
renew any of insurance within this state win any
person resident therein, without substantial compliance WIN
the acquisitions of this the part of such company OF IN
any way contrary the intent and meaning thereof WIN
the intent Of violating any of the provisions OF tins act ne
shall forfeit and pay for every such oense sum not exceed
ing five hundred dollars
SEC The sixth section of said act Is so amended as 10
read follows:
Every such attorney before any insurance shall be effected
and before any shall be entered into with
any party resident within this state shall depose with the
secretary OF copy OF the charter OF such company
whose attorney he IS and statement signed and to by
the president secretary Of such company specifying me
amount of its capital and all its assets showing The manner OF
its investments whether bonds mortgages public stocks or
other securities and partcuarzng the amount oil each class
investment aud also the amount due from such company Tor
and other claims against such company including dVi-
dends unpaid and the said attorney shall also once within
each wear thereafter deposile with secretary of state like
statement by the president secretary OF such com
pany or copy thereof certified by the secretary OF such
company be copy the original statement and OF the
certificate Of the oath thereto
SEC 3 Any such statement so sworn to, or any uch copy
thereof heretofore filed with the secretary of state, shall he
deemed compliance with the provisions of the sixth section
/ of sad act.
SIC L. This act shall take effect from its passage
proved, November II, 1854
No. ban ACT IN AMENDMENT OF AN ACT RELATING TO
INsURANch On LIVES BY Foreign CORPORATIONS" P-
II is hereby 0aced by the Gencrai assembly Of the State
Of Vermont 0iiows:
SEC l. The sixth section of said hereby amended
to read as follows:
Every such attorney before any insurance shall be made
the life Of any person this state any contract for
surance shall be entered with any party resident in this
stale shall deposit with the secretary this copy
the of the company whose attorney he and
men signed and by the president and secretary OF
such company in the form hereinafter specified and shall an
nuay thereafter transmit statement in the form, which
shall be made up the of the last annual state
of such company.
FORM or RETURN.
Name Of company
Where located.
Amount insured by existing policies.
Present value of existing policies, or
Amount requisite for reinsurance.
IT estimated, the the grounds which such enat
| is pcdlcaicd
Amount of assets of the company.
How invested
Amount due the company for losses.
Amount due other claims, including dividends
Amount of all expenses the past year and amount PAL
agents.
Amount Of losses the past year.
Amount of guaranty funds
SIC 3 All of seventh Of said after and follow
ing the word company in the sixth line and the whole
eight nine eleven, twelve thirteen aud fifteen OF
act, hereby repealed
Stc B. This shall extend any life insurance con
pany Incorporated in this whose rates of premium
nsurng less than those charged by the Mutual Life lns
Company of New York the Connecticut Mutual Ii
Insurance Company the New England Life Insurance Con
pany such other lie insurance companies charge subsa
TALLY the
SEC A. Whenever, by the laws OF any other slee, al
shall be, imposed upon life insurance companl
ncopo ed under the laws of this aud ansacng bus
such other state upon the agents of such nsuan
companies, then long such law laws shall continue
force the amount Oi taxes and shall be, imposed
this upon all companies doing business ii
state, which incorporated organized under the laws
such other state imposing upon such insurance comp
MES incorporated by this state.
SEC II any person shall agent for any life insuran
company incorporated in this state make any insurance
in violation of this the act of which it Is
amendment he shall forfeit and pay for every such offence
exceeding five hundred dollars.
: Size 6 The attorney of every life insurance company,
Incorporated in this state doing business in this state, shall
all legal charges that may to the officers of this stat
under this the which it is amendment.
! SIC T. This act shall take effect from It's passage.
= Approved, November IA, 1854.
NO 3i-AN REl,AJJ( IFS, GEE, PAXNsYT or stat
is hereby enacted by the General assembly Of the State
IS VerlaaHk fokiopS:
is l. So much of the derived fro
nonresident lands the several this state shall he
after be paid into the state treasury the second Thursday
E, October annually
SEC 2 All acts and parts of acts inconsistent with this