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

eral members thereof a. their respective
portion OF such loss, and publish the
same In such manner as they shall deenl
proper, or the bylaws shall have pre-.
scribed; but the sum to he paid hy each
member shall always be In proportion
to the original amount OF his deposit
note or notes, and shall be paid to the
1nicers OF the company within thirty
days after the publication Of said notice:
and ifany member shall, for the space
ofthirty days after personal demand OF
by letter for payment shall have been
made, neglect or refuse to pay the sum
assessed upon him ~ his proportion OF
any lass aforesaid, the directors may sue
4 lpr AMI recnver the whole a,..ea"t 81 his
deposit note or notes. with costs or suit:
but execution shall issue for assessments
and costs as they accrue only: and every
such execution shall be accompanied by
list Of losres for which the asse ss,nent
was made. 1.-THE whole amount OF de-
posit notes shall I've insufYlcient to nav
the loss occasioned, the sufferers iusu-
PED by the said company shall receive,
toward making good their respective
losses, proportiOnAte share OF the W hole
amount OF said notes, according to the
sums to them respectively insured; but
no member shall ever be required to pay
for any loss moro than the whole
amount Of his deposit note or notes.
( ~. Evory Insurance company here
amer organized as provided in this act, j.,
shall, II 1t be . mutua. company, EN-
body the word "Mutual" In its title,
which shall appear upon the first page
81 every policy and renewal receipt; and
every company doing business o. cash
stock company shall, upon the face OF it's
policies, express In some suitable man.
/ ner that such policies were issued by
stock companies. ..s .ag s-ts~ j '
Sec: 20 1t shall be the duty of the
president, oS the vice president aud Sec
retary OF each company organized under
this act, or Incorporated under any law
OF this State or doing business Ia this
State, annually, on the first day OF Jan :
usry Of each year, or within twenty
days thereafter, to prepare under oath.
and deposit in the Office Ut the Auditor
of State, . full, true and complete state
ment Of the condition OF such COMPANY
on the last day Of the month preceding
that In which such statement IL flled,
which last statement shall exhibit the
following items and facts in tho follow
ing form: viz: DE-
FIRsr-the amount of the capital stock
OF the company.
SECoND-The name of the officers.
| THIRD-The name of the company v
and where located. -sz5
| FoURTH-The amount Of its capital
stock paid up. =. q
FrFTH-The property, or assets held
by the company, specifying,
]. The value as nearly as may be-, OF
the real estate owned by such company.
z. The amount Of cash on hand and
deposited in banks to the credit OF the
| ooln npi,l kn Nwhaf ri ko. - :,
il deposited.
The amount OF cash in the hands OF
agents aud in the course of transmission
I. The amount Of loans secured by
first mortgage on real estate with the
rate of interest thereon.
5. The amount Of all other bonds and
loans and how secured, with the rate
Of interest thereon. 81.
6. The amount due the company Oh
which Judgment has been obtained.
7. The amount of stocks Of this State,
OF the United States, Of any incorporat-
cd city Of this State, and of any other
stocks owned by the company, specify
ing the amount number Of shares, and
par and market value Of each kind of
stock
8. The amount Of stock held by sucl,
company as collateral security for loans,
with amount loaned in each kind OF
stock, its par and market value.
o. The amount tofassessments on stock
aud premium notes, paid and unpaid
10. The amount of interest actually
due and unpaid. .5.-.
II. All other securities and their val
he.
II. The amount for which premium
notes have been given OH which policies
have been issued. s-s .
SIxTH-The liabilities of such compa-
ny, specifying: ...... ..w.5
!. The losses adjusted and due.
?. Losses adjusted and not due.
3. Losses unadjusted.
4. Losses in suspense and the cause
thereof. #.z
5. Losses resisted and in litigation.
6. Dividends, either in scrip or cash, /,
specifying amount of each, declared but
not due.
7. Dividends declared and due.
3. The amount required to re-insure
all outstanding risks on the basis of 40
per cent. Of the premium on all unexpir-
ed risks.
8. The amount due banks or other
creditors.
10. The amount of money borrowed
and tho security therefor.
II. All other claims against the COM
pany.
SEvENrH-The income of the compa
| ny during the previous year, specifying:
1. lise amount received for premiums
exclusive Of premium notes.
2. The amount Of premium notes re-
ceived.
3. The amount received for interest.
4. The amount received for assessment
or calls on stock notes, or premium
notes.
5. The amount received from all 9TH
er sources.
Eighth-The expenditures during the
preceding year specifying:
l. The amount OF losses paid during
said term, stating how much the same
accrued prior, and how much subsequent
to the date of the preceding statement
and the amount at which losses were
estimated III such preceding statement.
2. The amount paid for dividends.
3. The amount paid for commissions.
salaries, expenses, and other charges Of
agents, clerks, and other emp.oyes
4. The amount paid for salaries, fees
and other charges of officers and direct
ors. .rt
5. The amount paid for local, State,
national, internal revenue, and other
taxes and duties. Ht
g. The amount paid for all other ex-
penses, expenditures, including print
ing. stationery, rents, furniture, &c.