The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1857-06-18


taoasaud dollars. which notes shah be predcatet
apos proPerty 10 be insured, snd shall NOS exceeC
twenty Per cert. of the amount sought to be ia
| sursd; sud in addition thereto, such company
shall be ia actual possession Of az least tw tho Il
| sand five hundred dollars in money.
Sec Is. The affairs Of any company organized
under this act shall be managed by not more thar
nine nor less than Gve directors, all OF wnoui sha
he members. Within month after the certf
c ate OF Incorporation shall have been filed. the
| persons amed therein or any of them, shall in
somo newspaper Of general circulation. pubIished
IN the county whore the principal Office of tht
| company shall be kept, give notice of the time
and place for holding a meeting for the election OF
directors, and the election shall be made by tho
| certhers thereof attending for such purpose
| other personally or by proxy, and the dire,tor'
then and there elected shall continue in Office un
I'll the first Monday of January thereafter, and
| until others shall have been chosen to succeed
them in the trust aud shall have accepted the
same.
Sec 16 The annual meeting for the election Of
directors shall be on the first Monday of January
all elections shall be by ballot each member shall
be entitled TO one vote either in person Or by proxy
and plurality Of votes shall be necessary for a
choice
Sec. H. The directors shall choose by ballot a
president from their own number and shall fill
all vacancies that may arise in the board or in the
presidency thereof; they shall have power to ap
point treasurer and secretary, and all other
officers or agents necessary for transacting the
business of the company, paying such salaries and
taking such security AS they may Judge reasOna-
BILE; they may ordain and establish such bylaws
aud regulations not inconsistent with this act or
wth the constitution aud laws OF this State aud
of the United States shall appear to them neces
sary for regulating and conducting the business of
the company; and iC shall be their duty to keep
full and correct entries of their transactions;
which shall at all times be open to the inspection
of the memblrs.
Sec. Is. 1t shall be the duty of every such com
pany, in the month of January in each year after
its organization, to file in the office the AUDITOR
of State statement under the oath of the presi
dent and secretary, showing
First-The name and locality of such company
Second The amount of cash ON hand belonging
to it.
Third-The amount of its available bona file
premium notes.
Fourth-rhe assets of the company, including
its real estate unncumbcrcl. the bonds if any,
owned by the company, aud how they are secured
with the rates OF interest, debts to The company
secured by mortgages, debts otherwise secured,
and all other securities, assctts and property.
Fifh-Ihe number Uf Its unrXpred policies.
Sixth-rHe amount of pr perEy insured.
Sesenth The greatest amount allowed by the
rules Of the CO nphny to be Insured in any one
risk.
Eighth-rhe greatest amount allowed to be in
sured la any one city. town or vlllNge.
Nmth-Ih- greatest amount allowed to be in.
surcd in any block.
Ae' "e "'n 'uhO VI '!'''i,les u"e OF hoV
u"5 10 "'nh' OF o'ner cieHito'-' oy 'he company
NV ~. NIhyn-''os7e7 aHJ - ca ui uut'
Tt,',n - - '"l SEC "'ii u " GHe.
49, ia '''P0"'0 ""'''Ns 'ui'ueF
'""'
fourieehlh All otuef claims against the com'
Pahy'
9ei ~ 1t shall be The duty OF every such com.
P'ny 10 cause copy q! such statement 80 verified
as aOre.aii, c,rihsd 10 he a 'rGe copy by the
AUD tor Of Sat, to ue published IN some datiy
newspaper of general circ n.a.ton in this State,
printed in tue cities OF CI,uln'us, Cleveland or
Ono matt, "le week, or IN -ume weekly nc|,ph-
per of general circulation IN TN, > e. irinted II
any ui thr af're.a.d cities, three consecutive
weeks. which fct shall tie verified by the orh OF
the prnler other person knowing the fact OF
such Publication: aud such company shall forth
with furnish each OF It's agents III every county
in this Sla.e with at least three copies ot such
statement, vrritlcation, and aihddVil OF puhiiea
tim, ons Of wnich .hai! ha dePnNi in the othce
of the Clerk If the q ,urt % Common fi,a' OF
such couuy; one shalt be pi IA the once ot
such agent, aud the other to . Nuomi tea % any
person whp MAJ desire 40 pr'cd'e poilry OF m
,nrauce irpn such company, Of ri"e' hereof
If demludrd by him. Or s"tn cuh raiy, Or sOule
agent or a,,.nt, thereof, may, ~ any county in
this Sas where il !ra; be G~-lttu to transact ou'
sine.s of insurance, Lir H. ,As Off Sc -: the Clerk
of the q, mt of Common Pea, OF such county
copy of h4 sratpglsut aud verIirati IN r-q are to