The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-06-14

statement, and shall deposit in this State in such
manner as the Auditor Of State shall direct
five per cent, of the amount 50 received, i'll II
money, or solvent State or United States stocks
OF at least par value-or mortgages on real es
tate situate in this State of at least double the
value for which the same is mortgoged-which
statements and deposits shall be made, from
! year to year, at the time of each renewal or
| ofgral grant of authority by said Auditor, I'M
! til the sum of forty thousand dollars is deposit
ell as aforesaid-which said snm and yearly part
thereof deposited as aforesaid, shall b. held un-
der the control of such Auditor of State, as
guarantee fund for the benefit of such persons as
may be, in any manner insured in their proper
i ty by such company within this State ; and
the same or any part Of the sum so deposiU d,
shall not be drawn by the depositorS until all
claims for losses or premiums on risks uneXpir-
ed shall be fully paid and discharged, or until
all deposits made in other Stairs, Territories or
other places, not within this State, shall be with
drawn ; and in case of the insolvency Of any
such company, the sums so deposited as aIore-
said, shall be applied by the Auditor Of tate,
| pro tunto, towards the payment Of all claims
aganst such body or individual filed in his Of
flee, duly liqidated and authenticated, and loss.
, es and premiums on risks unpaid, on policies
issued within six months after such insolvency
may occur: any such body or individual shall
be deemed insovent upon failure to pay any
undsputed loss insured against within this
State for the space Of ninety days after final
judgement, for the amount of any loss so in
sured against, when 30 appeal shall have b2en
taken from such Judgement by either party, or
other proceeding begun to vacaie, modify, re-
verse or review such judgment, or to arrest the
same, or to obtain new trial such body or
individual shall be entitled TO receive the inter
e ests or dividends on such stocks SO deposited
c from time to time, as the same may become
q due. This section shall not apply TO any of the
l. I,.,b hoe, 10
4 no such deposits, as in this section mentioned
' elsewhere than in this State.
= SrCrIoN t. 1t shall be the duty of every such
+ insurance company or some agent or agents
thereof, before ticking any risks or transacting
h any business of insurance in this State, to file
Z, in the office of the clerk of the Court of Com
mon Pleas of the county in which it, he or they,
: may desire to establish an agency for any such
insurance company or individual or TO trans
act any business OF insurance therein, copy OF
i the statement required to be filed with the Au-
dior of State as aforesaid together with the
/ certified copy of the certificate of said Auditor,
II which shall be carefully preserved for public
e inspestion by said clerk, and also cause said
l. statement and certificate to be published in
|, some daily newspaper printed and of general
s circulation in said county for one week, or IN
l, some weekly newspaper printed and Of like cir
/ culation as aforesaid, consecutive weeks 3
or it shall be lawful for each of such aforesaid
It bodies whether incorporated or not or indl-
l. viduals, to cause such statement and certificate
to be published in some daily newspaper of gen
eral circulation in this State, printed i'll The
cities of Columbus Cincinnati, or Cleveland
one week or in some weekly newspaper OF gener
r al circulation in this State printed i'll any OF the
aforesaid cities, three consecutive weeks, whlcf
l. publication shall be verified by the oath OF The
printer or other person knowing the fact ant
y such body or individual shall, before it, he OF
Il, tlt4ranT sla
y any risks or transact any business OF Insurance
Jr furnish such agent agents with three copies
of such statement, Auditors certificate, ant
n tfiidavit of publication-one of which shall b:
deposited and kept in the office of the prope
,r Clerk of the Court Of Common Pleas III IN,
d same manner, and for the same purpose as here
$ inbefore mentiOned-One of which shall be KEEP
in the Office of every such agent other person
Is anl one TO be submitted to any person or per
IS sons for examination who may desire to pro
h cure from such ag'nt or agents or other persoi
IA policy of insurance or renewal thereof if Dc
h manled by him or them.
lc Section >. The statement and evidence Of in
n vesjment required by this act shall be renewe,
g annually, in the month of January i'll each year
is the first statement may be made at any i'm
ID the Auditor Of State, on being satisfied that tn
r capital, secUretivs and investments remain Sc
h cure as at FIRST shall furnish renewal of certifi
rs cate as Aforesaid; the certified copy of which
lg| with the certified copy of the statement upol
v which the same obtained, shall be filed
h kept, and published in the same manner, and b
re governed in all respects by the provisions U
&c section four OF this act. Provided; that al
III certificates ui authority or renewals granted L
n any such Insurance Company or agent or agent
ne thereof in the month OF January, A. D. 1886
p in accordance with the act hereinafter repealed
g shall be in full force and effect until January
or A. d. 1857, the same as If issued in the mont
he of July next
n, SEcTloN g. Any person or firm in this Stat
m who shall receive or receipt for money on at
1T count OF or for any contract of insurance mad
it. By him or them, or for any such insurance CON
ty pauy or individual aforesaid or who shall eceiv
n or receipt for money from other persons, to
transmitted to any such company or individut
n aforesaid, for policy or policies of Insurance.
D., or any renewals thereof, although such policy
or policies oi insurance may not be signed by hiI
of or them as agent or agents of such company, {
" who shall in any wise directly or indirectly
to make or cause to be made any contract or COZ
e tracts OF insurance for or on account of such il
IN surance company alore said, shall be deemed, t
a. all intenls and purposes an agent or agents
ny such company, and shall be subject and lab
ef to all the provisions, regulations and penaluC
e- of this act.
,r- SEcTloN Z. That copies of all papers require
ed by this act to be deposited in the office Of Il
p, Auditor ofSate certified under the hand Of sue
nd auditor or clerk of any court OF record, pre-
H. bate Judge of this State, with the seal OF sue
81 court affixed thereto or any notary public und
nd his proper seal, and any copy of any affidavit
rt- publication in any newspaper by this act mao
be necessary, duly certified by the clerk ofany cou
he of record or probate judge in this State, auther
lr- ticated by the seal OF such court by any M
or tary public witnessed by his proper seal, shall
ks received evidence in all courts and places,
H. the same manner, and have the same force an
H. effect as The original would have ifproduced.
ire Section s. This act shall not be so construc
in as in any manner to apply to life insuranc
he companies, but shall include within its provi
FOR ions only the "ire' and fire and marine" d.
les partments of any company, that may have SCI