The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-11-26
CONTINUED from fourth page.


Uontinued from fourth page
such certificate.
35. The necessary expenditure of
any examination made or ordered to be
made by the Auditor of State under
this act shall be certified to by him. and
paid on his requisition, by the company
which is the subject of such examina-
ton; Provided such examination be not
required of companies organized outside
of this State doing business in States
where an insurance department is es-
tablished, and who furnish, whenever
required to do SO by the Auditor, the
certificate ofinsurance department ex-
hibiting the solvency of such compa-
ny. .--.....
|, Z 36. 1t shall be the duty of the Aud
itor of State to cause to he furnished to
each of the companies organized under
the laws of this State, and to the atior-
nsys 81 agents Of companies incorporat-
| ed by other States aud foreign govern
ments who may apply for the same,
! printed forms Of the statements required
by this act. and he may from time to
| time make such changes in the form Of
these statements as shall scenic to him
best adapted to elicit from tlNGosppanies
a true exhibit of their conditjS1 in re-
spect to the several points hereinbefore
| enumerated.
a37. 1t shall he the duty of the Audi,
tor of State to cause the information
contained in the statements required in
! the companies organized i'm this State,
to be arranged in tabular form, and pre-
pare Lie same in q single document for
| printing. Such report shall he made on
| or before the first day Of March, and
| five hundred copies shall be printed for
the use of the Auditor, and the same
number for the use of the Lcgisla-
! inra
e3s. Section seven hundred and
eighteen Ofthe Revision Of 1860, and all
acts and parts of acts amendatory there
to in relation to taxing insurance COM
| panies in the State are hereby repealed;
and it is enacted in lieu thereof, the
following to-wit: Every insurance
| company doing business in this State
| shall at the time Of making the annual
statement as provided in section twenty
of this act, pay into the State Treasury,
as taxes, two per cent. of the premiums
on risks in this State taken during the
preceding year, taking duplicate re-
ceipts therefor, one of which shall be
filed with the Auditor of State, and up
on the filing of said receipt, and cot till
then, the said Auditor shall issue the
annual certificate as provided in this
act, and the said sum OF two per cent,
shall be in full for all taxes upon the
corporation or its shares under the laws
OF this State, except taxes on real prop
erty; Porided, however. that tie
provisions of this section shall not Apply
until the statement shall be required for
January 1869.
80. 1t shall not be lawful for any
man
plan to do business and take risks upon
the stock plan, neither for company
organized as stock company to do bus
mess upon the plan ola mutual insurance
company.
40. Nothing in this act shall be so
construed as to prevent any number of
persons not exceeding two hundred
from making mutual pledges and giving
valid obligations to each other for their
own insurace from loss by fire or death:
but such association of persons shall in
no case insure any property not owned
ana occupied by one of their own num-
Der, and no life except that Of their own
members, nor shall the provisions of
TINS act be applicable to such associa-
ions or companies; Proritied, Such
associations or companies shall in no
case pay any salaries or compensation
"5sh'S, w any otHeI eilplOyes,
ana shall receive no premiums nor make
any dividends.
.sA. Chapter sixty eight of the Re
vision Of 1890, and all aats aud parte of
acts amendatory and supplementary
thereto, are hereby repealed, except 50
far as the same relates to the business
OF lite insurance companies; and the
Auditor OF State is authorized to return
the deposits made under section l7I9 of
the Revision Of 1860, where the compa-
MES making the same shall have COM
piled with this act; Prori1ed Such de-
posts shall not be needed for the paw
ment Of losses due from the company
having made the same
Approved April 9TH, 1865.
hereby certify the foregoing to be a
correct copy Of the original roll now on
file in this Office.
ED WRIGHT, sec'y of State.