The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-06-06

we said company may be found to bear TO the orif
nal capital Of the said company; the value Of sue
c shares for which certificates shall be issue
to Be aseertained under the direction Of the sal
Auditor, the company paying for the fractiona
paFts Of shares snd IL shall be lawful for the al
rectors Of such company to create new stock sn
dispose of the same, and to issue new certificate
therefor, to amount sufficient TO mike up tn
no original capital OF the company. And in tn
event Of amy additional losses accruing upon pev
risks, taken after The expiration Of the perie.
1 limited by the said Auditor in the aforessb
+ Il Il g. e as,es se & the 800
f ss fhali III. ~ S..E IL uo - 4.
j shall ID individually lhtis to the extcnf thrs
SIC ID Ifapon rueh exarnination ii fsha1l abps.dI
~ TO the said Auditor that the assets Of any cofpa
ny chartered upon the plan of mutual Insurance.
re under th act insufficient to Justify the contnu
anee Of such company in business, il shsi be hi.
duty to proceed in relation TO snch company in The
same manner as 10 herein required, in regard to
joint stock companies and the directors
OF such company hereby made personally
liable for any Iosses which may be sustained upon
l. risks taken after the expiration OF the period lin
tied by The said Auditor for filing up The def
cheney in the capital, and before such deficiency
j shall hate been made ZIP. Any transfer Of the
q stock q any company, organized under this act,
! fase6 latiM Ne Rend,Ag sfsny inv sslestien
the transfer from his liability for losses which
!. may have accrued previous to such transfer
i SEC. 81. The Auditor Of State shall be author.
lied to examins into the condition and aaairs Of
/ Iany psstanee eonPs1ly, AZ provided for II tAis
nett doist basihess in this State, not ores1 sst
dessA laws of tlis Ssase, eor eass4 .sss essas
nation u be made by some person or persons sp-
: ipointed by him, having interest in any insa.
, trsnes company ssd xhensyer Il xhAIi appear to
tbs satisfaSkicn n sid Aad tAsthet the affairs Of
any such company are in an ansound condition.
he hall h. ha aeyfiE s-st
|, Of ouch COMPANY, and shall capse Notification
thsseoffo y prbislea ipsone seS1p spet Sof1 sIs
end chtuhtien, psb1ished in ~ & ~ of BE-
Nenessan4 the Agent orr geste effuoh ssmeeat
sse, After sss sotiee, resasred y sscsafsaus si
issuing ofany new policy, or the renewal Of any
previously issued
SIC 81. There shall be paid by every eompa-
ny. associxtlon, person rpsrrnp axsp or genis
% whom this set thAli apply. tho bfsor my fees
For siang and examination Of he ffrt application
OF any company, and the issning Of the certificate
OF license thereon, ten dollars, FIVE d0ilars of
which shall 60 to the Attorney 8ereral and I've
faiafss TO the Auditor; fer fHlg eash snHssI
statenent herein required, tus dolars for each
isefuacate efMshoEity, fifty oeuts for Every cnpy
cf paper Shed ~ herein prevaes. the enra Of tpa
cents Per folio, and fifty cents for certifying the
came and af1ing ths seal Of Office thereto. all Of
(which sew shnIl b Paid to the cffeer required to
perform the dutier.
| SEC. 81. Whenever Tie existing or future law.
OF any other State Of the United States shaIl re-
quir Of insurance eofnpsnies, ineoFJ ed bY %
| organized under the hsr Of fhis sase, hssisx
sgeacjes In sacA othu Stsse, n n the srsnta 4
1therrof. any deposit u vserrities in sab A.at.
ier TIC protection Of palicy holders or otherwise
OF any paymtHt for taxes. hnes penalties esrtia-
cate Of authority, license fees or otherwise
sr~s,cr than the snnunts required for sneh pur
P8sss rom SIN lar companies Of other states BY
the then existing laws Of this State then and In |
every tueh case, all companies Of such States e.-
uhlistsng Or having fherstafhrs established an /
asensy N deshsiss tn this stats. shah he and are /
hereby reqaiTed 20 make the same deposit fer /
Ike purposf wath the auditor Of this State and Ia
pay TO said Auditor for taxes fines, penalties, ser,
ttcs'es OF authority Ecerxs fees Or siss az
smesnt 90 rsl 10 the aEosnt Of sneh charges sed
pay uentt irpoted upon or requised-by The laws
q sneh stafe--of the eam9anits Of Isis state or
src. 81 u sassl BE- the daty Ct every in,rrapee
company a the kind provided fes in .siis ses,
aeing s7siusss In N. 5.ate organized under the
# this or say otises State or eosutry, 10 pub
iisa hhnnalty. In 1--we hssspspers IT xsueri cir
cuiAtisn eas If which Dssrmparers shs.Ii a. NH /
4ished a; the ctpitni Of this state nad IL case Of
eoUlpan ies ersani4ed ia the State Of Iowa enc OF
which shell he published 10 the county where The
prlncipsi ofsct 10 located q ee-tisea.e fgan ths
Anditer Of State thai suck company has in al re
speett, complied wHh the laws Of this state rrla.
ting 70 insurance. Said certificate shall also
contain astateusnt under the cath Of tie a,fes~s
dent or SECRETARY efsach insurance eouazrY IL
u" actual stsunt 81 Paid-u capital, the sgg-e
gate ancunt Of assets and liabilities q. tie aats
Of saeh certificate, together with the aggregate
earrs and expenditures Is snsh eruari.ny for the
year preceding tie dale u snea certificate
sKf- 81 fkt necessary expenditure II any ex-
animation roads or ordered 10 - made by The
Auditor u S4ss nnder tbs aet sban be crsiiRed to
BY him, end bssd on Ma reo.ssitses, By he com
psny wbich + ne subject Of such examination
a zsaIa akfa b.u
enssranies esgthizei onfsisa Of shss Stats 4a;ag
bus ls = IN tats rhsrs IN iassraa1s dst srtmest
: hv ~ 1=i' s1enet ss fsa a4fea
10 On tne Il udftnT tbs esrtffcxtsef such insa
Race dspsvtmsnt exhiti,ing the sesversy o. sch
,eNpsry. - 80
SEC. 30, l. SHAH he The dsgy Of The An Ito. Of
STATE 10 eAnst II Is prepared aud furnished 10
saeh ofthe e3mpanies CANNED under the laws
4 this state, sad to The attorneys asents o.
companies Incorporated hy other States and for
ssgn tfsFsrnaaents who may apply fer the sAms
sEn led terms Of .hs sttensrs ysa airrd ty ssis
sts sd ne Esxy fren lime to tine ras:e aarfss
'hsn ses in fhc fern 81 these stst.rsrts as shaH
'ecaa to him best adapted to elici, from the cam
1sniss true erhbi, Of their condition In respect
. the sereral points he-einheforc enumsra,ed
SEC. ~. IL shrli be the daty Of the A1disGr Of
state 10 cause the information sontaiHsa in the
tsscnsnis resuitd AZ thu crapsde- organized Z
n this State, 10 I've Er-nged in tshl8r form, and l
,rcrare tire same In q ssnys anesnaeft for print
HAr
lay 81 March. and FIVE hundred copies shall BE a,
,Finted for the Of the ad,eT and he game IA
la .a.i for The ase Of tbs Leg,s!atuFs, a
hs svisisn Of 1899, aud ali acts aud pa.s. af .cts
mandatory thereto in relation ID ing fnsuran1e
ompauies in this State are hereby repealed; and ii
enacted in lieu thereof, the following, to-wit r
ssery lrsarsnce company desrg business in this q
'tste shall NJ fhe fine cf shaking tAe annual al
ta.euer. &c provided in sea.ion twenty Of this
ct. pay into the State Treasury as taxes, tive u
ct cent. OF the premiums Gu risks ia this State
aiken during The preceding year, taking duplicate
eeerts therefor, one Of which shall be tiled with y
iss Auditor Of state and upon the filing Of said 1
ercips. and not until then, the said Auditor shall
ssue the annual certificate provided in this act,
nd tbe sAid sum Of two per cent. shaii be in full
srail taxes UPON the corporation or its shares rn
sr the lsws Of this STATE, except taxes On real
xeperty; PRsgIpEn, no ssyss, shAt aAe pravisisns
fthis s~ctisn shall nf srr3y rnffi the ztatensrt
{ ali be required for January, 1869.
SIS. ~. 1t shall not be lawful for aay eempss
y organized upon tie gsutaal plan to dc business
~ tAse risks upon the stock plan, neither for 4
onpsay organized as stock eompany tod y
usiners npon the plan Of a mutual insunate
smpsny.
sko. 10. Nathing in this act shall be SO con.
lrued as to prevent any number Of persons not
xceeding two hundred from making mutual
Lodges and giving vaiid obligations to each other
n their own insurance from le ~ by Are or death
v. su&1 assArtattoa sEE&i 30 case III
arc ary property not owned and occupied by one %
their own number and no life except that Of Il,
heir own members nor shall the provisions oil vi
In @at be applicable 10 such associations or W
amP4biss; sPgoFfpEn, Such asseeistieHe or
,mpaaes shall In no aase psy any saiaries or &C. &C.
to officers, agents, or any other ~
nployes, and shall reesirs no premiums nor
lake any dfridends 90
SIC ~. Chapter sixty eight CT the Revision Of
500, and all acts and parts Of acts araendatory =
nd supplementary thereto are hereby repealed
kept 80 far ~ the sanaa seiatss to the business
las ia2aranca companies: snd The Auditor Of
tate Is authorized 10 return the deposits made
rider section 1883 81 the Revision Of 1880, where
lie cempaaipe making the same shall have cerp-
implied With this act; PaosIDEp, such deposits
lsn not be declsd for the pay meat of Losses due
ON the company having insas thes Ame. 81
Apprayed April I, 1865, /
STATE OF IOWA.
Oshee OF seeretary oil State,
Des Mones May /, 1885 III
hereby certify thai the foregoing is correct l.,
py of the original roll now On file in this Office
Ep WRlsHr seey Of STATE
BUKK1TTN CO., y .