Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1868-07-17

deposited with the Auditor, Controls
Ter, or chief financial officer of the
State by whose laws said company !.
Incorporated, or some other State,
and the Auditor of this State furnish
ell with a certificate Of such Auditor,
Controller, ur chief financial officer
aforesaid, under his hand and official
seal, that he, us such Auditor, Con.
trolier, or chief financial officer Of
such State, holds I'm trust and OH de-
posit, for the benefit of all the policy
holders of such company, the secur-
ity before mentioned, which certif-
icate shall embrace the items of So
curity SO held, that he is satisfied
that such securities are worth one
hundred thousand dollars but moth
ing herein contained shall be con-
structed to invalidate the agency OF
any company incorporated I'm any
other State, by reason of such COM
pany having from time to time ex-
changed the securities so deposited
with the Auditor, Controller, or
chief financial officer Of the State In
which such company is located for
other stock or securities authorized
by this act, or by reason of such COM
ula"u IL llJcESSt
time TO time for such stock and Sc
curities.
SEC. s. Such company shall ap-
point an attorney or agent in each
county in this State, I'm which the
company has an agency on whom
process of law can he served; and
such company shall file with the
Auditor of State a certified copy oi
the charter or articles of incorpora-
tion OF said company, and also cer-
titled copy of the certificate of APP
pointment of such agent or agents,
which appointment shall continue
until another agent or attorney lie
substituted. And I'm case any such
insurance corporation shall cease to
transact business I'm this State accord
ing to the laws thereof, the agent
last designated, or acting as such for
such corporation, shall be deemed to
continue agents for such corporation
for the purpose of serving process for
commencing actions upon any policy
or liability issued or contracted while
such. corporation transacted business
i'm this State, and service of such pro.
cess for the causes aforesaid, upon any
such agent, shall be deemed q valid
personal service upon such corpora.
tion, and such company shall also
file statement of It's condition and
affairs in the Office of the Auditor oi
State, I'm tile same form and manner
required for the annual statements OF
similar companies organized under
the laws of this State.
SEC. g. 1t shall not be lawful for
any agent to act for any company re-
ferred to i'm the foregoing section, d.
rectly or indirectly I'm taking risks,
collecting premiums, or In any man.
ner transacting the business of life
insurance i'm this State without pro-
curing from said Auditor certificate
of authority. stating that the forgo-
ing requirements have been complied
with, and setting forth the name OF
the attorney for such company, a GER
titled copy of which certificate shall
be filed In the county recorders office
of the county where the agency Is tc
be established and shall he the
authority of such company and agent
| to commence business I'm this State
and such company, or its agents o
attorneys shall, annually, i'm th'
month of January, or within thirty
days thereafter, file with the Auditol
of this State statement OF Its affairs
for the preceding year, in the same
manner and form provided for similai
companies In this State.
SEC. z. 1t shall be the duty of the
president or vice-president, and sec
retary or actuary or majority of The
| trustees or directors, of each company
organized under this act, or doinl
business I'm this State, annually OF
the first day OF January, or within
thirty days thereafter, to prepar,
under oath, and deposit I'm the Office
of the Auditor of State, a statement
showing
FIRsT-NAME AND CAPITAL.
1st. The name of the company ant
where located.
I'd. The names of the officers.
Sd. The amount Of capital stock
4th. The amount Of capital stocl
paid up.
sECoND-AsSETS.
1st. The value of the real estat,
owned by such company.
I'd. The amount OF cash on hand
3d. The amount of cash deposited
I'm bank, giving name OF bank ol
banks.
4th. The amount of cash i'm tn,
hands of agents, and In the course o
transmission.
5th. The amount Of bank stocks
with the name of each bank, givint
par and market value of the same.
/ FrhA nf ~IAnGa
bonds of the United States, and al
other bonds, giving names ant
amounts, with the par and marke
value of each kind. .
7th. The amount of loans secures
by first mortgage on real estate.
8th. The amount Of all othe
bonds and loans, and how secured
with the rate of interest. ~. ...
9th. The amountof premium note
on policies In force.
10th. The amount of notes givei
for unpaid stock, and how secured.
1lth. The amount Of assessment
unpaid on stock or premium notes.
18th. The amount Of interest du
and unpaid.
18th. All other securities.
| ThlhD-LIAB
1st. The amount of losses due AM
unpaid.
"a. The amount of losses adjusted
but not due.
Sd. The amount Of losses unad
justed.
4th. Tho amount of claims 70
losses resisted.
4 9Th Tha nn,o,,nf nf p,apav nr ayi
dences of investment borrowed.
9th. The amount Of dividends un
7th. The amount required to safe
ly reissue all outstanding risks.
8th. All other claims against tn
company.
FoURTH--INC0ME DURING THE YEAF
4 1st. The amount of net cash pre-
miums received.
4 I'd. The amount of premium note
received.
i Sd. The amount Of interest RI
ceived from all sources.
/ 4th. The amount received from a
other sources.
FIFTH--ExPENDrTUR DURING TIL
YEAR.
1st. The amount paid for losses.
I'd. The amount Of dividends pal
to policy-holders, and amount
stockholders.
3D.. The amount of commission
and salaries paid TO agents.
4th. The amount paid to officer
for salaries and other perquisites.
/ 9Th Tho amount Y,aih for fayaa