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

OWAkD CU, UWA.
| LAWS o. IOWA.
PuhalsAoA ~ AaeAosa1y.
CnPPfyR ~,
An ast regulating ~ isssssase ssspaaiss
See 1. Be L snastsd hy ~ eaasrsl as.
ssnbiy sfthe stats q Ievs, hat every
company formed for Ne purpose Of fassuriAl
tAs lives ofindivid1als, whether organis-
Cd uadsr ths laws e tAic seass Or any eeAsr
stats, q fsrsie1 eountxy, shall, before b
sviae nv polSeiee q lives vlsAiA this stats
osmply with the oenAitisas and yestsSsliona
Joiat Stock soapaaiss srganised snAsr
he laws Of this seaas sAall have -. lssl
than one hundred tAeasaAd dollars g Np.
itsl stsek subsssibsd, twsoty-Ave Dss esat
q which shall b. paid sp s.d iAvestsd IN
United States slecks, sr of lAis 0eots, Or In
bonds and mortgage apeo snincsmbersd
real estate In The seate e lev vsssA, sx.
elusive sfinprsysnss1A = lsase 1esAls
| lsiss dAali II 5spod Ia 1sk the AsdlIsf Ii
y syhIea1s . The Aadi,pr thas ~ eftital
tsssek $ IN sa1sssiAsd b goed hith h
shAl1 issds = said company the certificate
herelnaifer provided lor: Provided, No
part ofths Twenty-Five psr cent, Aforesaid
Shsll be loaned 70 any stesk-beldsr Or o9-
Ger ofthe company; the rsn1inder Of such
- sAsll b pah in = ssae @ % the
dircctDrs 9 trustess sftksk kcohp nay
Gireet aA4 ths same shan fbe2sse1r0 BY
The notes Of the stockholders Of said con-
pany. And no note shall Be accepted o.
part Of such capital stock unless the same
shall be accompanied BY . certificate ofa
justice ofthe eace, notary public. Or clerk
Of the district court Il the oounty u which
the psfson executing sael hets ahall reside
that the person making the same 10, in his
opinion, pecuniarly good and resPonsibls
for the same in property e1enpe frea exe-
cutioa BY tAe laws cf this stste. .''''
Sec ., Companies organized uader the
laws = this state urrcn the mutual plan,
ehall, befoss Issuing any policies, hsvs esna
ode applications or ut least tvo hundred
ana f1ty individual. lives for IN average
anoant Of one thousand dollars each, list
# Witch applications, giving the Haae ,sse
fesidsnce, amount Of finsaraaoe, AID annual
prsni1n u each applieane, shali - iled
With tAe auditor Of stats, ard . deposit
made With ssn auditor of On amount equAl
- three lltks eftAe whole annssl prenaun
- SD spplicaAisos. eitAsr Il sesA o. IL
ssssriGiss required BY the Sersgeing sscaiea
~ lhis set and on conpliAnse vitA said
pesvisioue, Ne Auditor sAAll iasss 70 said
aassal ss:Pasy Tie ssrtiassss AsrsiaafSsr
See /, Il sAall not be lawful for any per-
con - ~ within this sats - agent, q
[llhagwiss. h receiving Or prosaFiAG p.
pHsa1ieas tse iasaranes, - IN any snAassr
70 aid In tsansastins the badness q iosur-
snes referred 70 in the first section
of this act, - for any sompaAy "
association incorporated by or organ
issd under the laws Of any other stats eov.
sssmsnt, unless such eoanpaay u possessed
sf ;hs amount of actual capital required Of
compAnies in his state, and the came 10
in nvcste in stecls - treasury nsess Sf The
United States, Or Of the state Of Iowa or II
II crest paying bonds or dc stats in which
said company 10 located or where said de-
posts are inads, ,oe o bonds and mortgages
on unincumbcrcd real estate within the
state where said cenpany is located; but
I'll mortgages deposited by any company
under this section shalt be upon unincual.
bered real estate worth double the amount
loaned thereon; which stocks and secari.
ties shall be deposited with the auditor,
controller, or chief Ansncisl officer Of the
state by whose laws said company is incor.
porated, or some other state, and the audi
itor u this stats furnished with . certia.
crte Of such auditor, controller, or chief r
nancial officer Aforesaid, under his hand
and official scal, that hs, ~ such auditor,
controller, or chief lnancial ol6ocP q such
stats, Aolds ii trust sud deposit, fcr the
benefit Of al the pslicy-holders Of such
eo0peny, the security bef0Se nsnlioned,
which certifcate shall enbsace the items
Of security % held, aAaE 10 Is satiSksd that
such securities are worth one Aunllrsd
thousand dollars; ut nothing herein co.,
tanned sAall Be conserved 70 invalidats Ne
agency Of any company ineerp1aAsd il A.
ether State, by reason of sscA company
having from time to time exchanged the
the securities % deposited v In the auditor
eeatxelleR,r eraeA1ef 1naacial o0oee -
saaAe b Villa s1sa eenpaay u leaAsd lbe
oEAsr stock oe saeuriiiee antAesissd by this
aet, Or By rsAson. u sHcA company having
drawn its Interest ma dividends ffpm time
% time for saSA soocks and eecerlt,cs. bti
Sec s. Such company shall also appoint
IN attorney or agent n each county 10 this
sea1e, u WhieA Is eImp1ny has aa a0ency
on whom process nllaW oan be served; a10
such company shall ~ With the Auditee
u stats osrti1sd espy Of tAs charter -
articles q incorporates Of said company,
ond ALA d oag1fAe0 COY ofthe oeEt31ea4a