The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1868-07-03

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an chasges by the state for the "a h kr,T
inG Of deposits made by the c1supaniee
FOR changing securities, by wisAdrxw inv
loos aud substituting another, the sum III
twenty-five cents for each thousand dbl.
lars or frAetiOnal part thereof For
making personal examinations cf tlSs,
books, papers and officers Of . oompnny,
the sum Of i've dollan per day fns esci1
day 80 employed, and actual travelling
expcnses. County rccorders shall b
permitted to charge the usual fecs for re-.
cording the original certificate.
SEC. 30. Whenever the existing or
future laws Of any other state Of tho
United States shall require Of insurance
companies Incorporated by or organiscd
under tho laws Of this statu, any pay 1.
ment Of fines, penalties, certificate OF u. +.
thority or license feea greater than the
amounts required for such purposes from
similar compsnies Of other states BY the
then existing laws Of this state, thea.
and In every soch case, oil coADanics Il
such states establishing or having thers-
tofore established an agency or agencies
in this STATE shall b and arc hereby NJ
quired to pay n said auditos - 6ncA
pen>/ties, e-~tincate Of auths0flY or r.
eense fees, an amount equal TO the amount
Of such charges aud payments imposets
upon or required by the lawe OF such
state, OF the companies Of this state or
the agents thereof
SIC. II. The penalties provided for
In this act shall be sued fov aud recover.
ed in the name Of the stsA1e Of lowa, ny
the district attorney in the dist rice court
Of the county In which the company ur
agent violating shall be situated Of ~.
side. Three. fourths of said penalty when
recovered, shall be paid into tlAe c0uney
treasury for the use of the school funi.
and one. fourth TO the infhrnner OF such
violation. In case Of non-paymens of
such penalty, the individual offsndiae
shall be liable to imprisonment IN the
county jail tOr'a per3sd not s1csodiAS
three months. ~ .........s
2a Il ahAll not Be liable for I COMPANY
Eorgnnl2ed onder the provisions c! LIE
act 70 inSest Id funds In any other man.
ner than In the stocks Of the UniteI
Stat9A, 1T this state or Of any osher state
In this union, II at or above par, In bonds
and mortgages or (onl unencImbs1sd
In which such company il l0catsd, worth
at least twice the anlOuat loaned there
on, exclusive Of Improvements and Ill
held BY any company doing business up.
orgAni1ed under the laws Of this state OF
Not, shall Be equal, or made to be equal
to six per cent. stocks.
eHc "a No company organizsdaQ-
der this act shall be pcrmisisd TO puf.
chase, hold or convey yeel estate, excepe
tcr the .purpoax(s] asd IN shs' nanaer
herein set FORTH towI: 1st Such -
shall te requisite TT 10 immediAte -.
coumol1ation IN the transaction Of ~
business; o., q, such IS shall have ben
mortgsged 70 I: IN good faith by way q
security fnr l,,ans pSsvio usly Gioes1esea.
Or for monsys due Or, 81, sseh e0shAll
hsve bcen conveyed b Il In aafissaeein0
Of debts previously sp0tncsod IN -
cOurse Of its dealings: or, ~, such -
shall have been purchased at 01es upoa
judSunsntA decrees Or n,orte4gs4 ooe1ao.
Cd or made for such debts and It al,a3
not be lawful Tor any company incorpo-
rated a aforesald, 70 purekase, hold g
convey real estate In any other esss .
for any Oshcr pNrpooe.
01G ~ An such foal uoauee ~ R1nH
b acquitted slhsssalA aad which shaN
tDOs b neoo9Dasy 1se the occcmAoaop
t5ao q. sNeA co0pany = the ocoSuo1nne
ifa1aetaon Of its baliness sban b ~
and disposed q within i've yoar(s1 aIsse
such coinpany 1hxa lave acquired tiils
to the same, - + ehAll nos - lax5a
for such COMPANY - ho'd such real e.
tale for Longer period than that abovo
meatioaed, uHo1ls tls said comranS slAn
procure certi6ca:e from thu auditor a
sense that the interests of the company
Will suffer materially by forced sale q
such real estate, in which event the time
Tor tho SAFE nasy be extended N Such
time as the said auditor ssall dirsc. =
said ccvt ticnte
ecc. 25. All c,u,pnu:cs Organised
under the Laws Of this state, an! trana
acting lie ineurance business, ut the
time Of taking effect Of this ac., shall
within twenty days thcreafter compoy
vi, n the provisions Of sections two aad
three hereof In the same manner ~
companies hereafter oegani1sd. Al y
failure oa the part Of existing ccmpanjsa
to comply with this provision shall Sub.
jecs them and their agents to the penaf
ties named herein. ,. -.
SEC. 26. Life insurance companies
under the laws Of this staar.
whether on the stock or mutual plan,
MAJ be formed to endure fifty years, and
may be renewed from time 70 time for 1
period no greater than at first. ~. ~,
SEC. 81. All acts and parts Of acts
relating to or affecting life Insurance
are hereby repealed.
STATE Of IOWA,
7 OFFICE ov Ssc1grARY 01 6fArx,
Des M0ines, May !, 1asA -
Thereby certify the foregoing to be . correct
Dopy Of the original roll now CD 1le q this oDeu
ED WRIGHT, Secretary Of StAte.