Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1868-07-24

part thereof. For making personal examine
tons OF the books, papers and officers Of :
| company, the SUN Of FIVE dollars Z day, FOL
each day so employed and nc ual ira cling e1
penses. County recorders shall DO p.rmittsl
| 10 charge the usual fees for recording III,
original certifc t.
Sec 20 Whenever he existing or future
avs of shy other State Of the United Stale,
shall require of insurance companies incor.
porsted by or organized under "a. laws Of this
STATE, any payment of fines, penalties GER
| tiff fse OF authority or liceusc fees greater
| than tie amounts required for such purposes
from similar companies of other States by the
thcn existing laws Of this sac ,ls,n aud in
every srch case all comrSnies of such Sa'es
establishing or having heretofore established
an agency or agencies in this Stats shall BE-
ard are hereby required to ray 10 said Audit
! o. FOR hncs, penaiios certificate Of authority
or license fees, an amount cQus! 10 the amount
OF such charges and payments imposed upon
Or required by the laws OF such State, ef the
companies OF this State or the agents thereof
Sc. 81 The penalties provided fer in This
act shall BE- 'ued for and recovered in he
nsme Of the State Of Iowa, by tho district at
torney in the district cour' 81 the county in
which the company or ag.n; violating shall re
situated or reside. Three. fsurths Of said pen
/
county treasury for the nse Of the school "und.
and 5n.,fourth t, the infsrncr Of such vio,a
ton. In case OF. nonpssn.nt OF the penalty.
| tie individual offending SHALL be liable 10 i'm
prisonmont in the county Jail 70 period not
exceeding three months.
Sec. p. II shall not he lawful for any
company organized under the provisions IT
! this set 10 invest its funds in any other ma 4
ner than in the stocks of The United States, of
this State or of any other State Of this Union
| II at or above par. in bends or mortgages or
on unncumbsred real estate within this
Sate, or the State in which such COMPANY IS
located, worth at lesst twice tic amount loa.-
ed thereon. exclusive OF improvements: and
nj stocks, bonds or mort cages owned Or h.. ID
by sny company doing business under the
laws Of this State or not, shall 30 equal, or
made to le equal 10 six per cent stocks
Sec q. NJ company organized under this
ACT shall he permitted 10 purchase hold, or
convey rea! estate, except for the purposeTs /
and in The manner herein sci forth, to vii: lst
Sach az shall be requisite for lis immediate
accommodation in The transaction Of its bust
Eess; or. II. Such shall have been mert>
gaeed 20 it in good faith By way of security
Ter loans previously coHtrac 3D. or FOR moneys
due; or 81. Sach as shall haye been convened
TO II in satisfaction Of deb-s previously con-
tfac'ed in he course Of its dealings or 4ih
such as shall have beea purchased y, ealss
nloa judgments DEGREES, or rnortga gos Of
tanned or made for such debts: ana i. shall
not be lawful for any company Incorporated
rs stoFe.aid, to purchase, ho}i or convey real
cs;"t9 IN any ot!sr case or Tor any other pur-
pose.
See p All such real es.ate as may Be ac-
Grired aforesaid, and which shsil fnotl ; e
For tt,a -,
panS in The convenient transaction of it's bus
insss, shall be sold and disposed of within
i've We ri after such company shall have ac>
CURED title to the same, and il shall not be
lawful for such company 70 hold such real es>
ate for longer period than that above mems
toned, unless the said company shall procure
a certificate from the Auditor OF State that the
Interests OF the company will suffer materially
by forced sale Of such real estate in which
event the time for the sale nay he extended
to such time as the said Auditor shall direct
in said certificate.
secao. All companies orean.zsl under tile
laws OF this State, and iransacting a life insi,-
rance business, at the time OF taking effect Of
this act, shall within twenty days thereafter
comply with the provisions o. sections two and
three hereof In the az manner as cow anies
hereafter organized. And a failure on the
iat' u eAisiinE conllah'es 10 comply with tins
provision shall subject them and their agents
TO the penalties named herein
See. 70. Life Insurance companies argan-
lied under the laws Of this Stste. whether on
ms stock or muua! plan. may be formed to
endure for fifty years. aud msy he renewed
from time to time Tor a periei no create. Il an
at first
All acts and parts Of acts, relating 70 or af-
tscting life insurance companies are hereby
repealed.