The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-06-06
CHE @dif din ,
Pss,isAed By A.sAerisy.

Published by Autherisy.
s1Sau.o fse ss I. .as. ssmpSa<. e
g. 9 f. 81, . y ia ". Y q -
number Of persons associate themselves togethe
for any other purp6ss fhat NE iEsuranee, nna
the provisions of chapter ffty-twe of the Reyi
sioAof 1860, anaall acts anendatory and SIMPLE
ineAzsgs thersla they shalfphhkhi 1ptennf aur
intention once in each week four weeks in som
public newspaper in the county in which such in
surance company is l1uFusen to be located an,
they fha also make certificate under thei
hands, specify Ing the name assumed BIZ such csp
pans, and by which It sAsatbe knows lie obiee
fofvhch said company shall be formed the amour
Of its capital stock, and the place where the nrin
cipai eiee Of said company shall be located, which
certificate shall be acknowledged before, and GER
tined BY some notary public or clerk of court o.
record and fersase g 2 ~ hsli'or e ssae, who
examination, and III shall Sc found br the said
Attorney General TO be in accordance with the
provisions of this act, and in conflict With the
constitution and laws of the United States and Of
THIS State he shall make certificate of The facts
asaraurh it to the Auditors Of State Who Ehafi
reject The name title applied for by any CON-
pany when he shah deem the same too similar TO
any one already appropriated by any other COM
pany, or likely TO mislead the public. -
SEC. 2. When the said cert ira OF fhe sni4 com
pany shall have received the approval of the At
toruey General and Auditor Of State, the said com
pany shall cause the same to be recorded AZ now
required by ia~ for recording articles of incoYTo
ration, and said persons. when Incorporated, and
having in all respects comi lied with the provisions
Of this act, hereby authorized to carry on the
busincsssof INSURANCE, named Ia such certiE-
cate of incorporation, and ~ the name and style
provided therein, and shall be deemed BODY cor
perse with succession they and their associates,
Successors, and assigns to hare the same Renerai
Corporate powers and he subject to all the obiiga-
tions md restrictions of faid chapter hfty-two Of
Revision ofls6a, and fsueh acts as may be amen-
daiory or supplane ntary thereto, except IL may
he herein otherwise provided.
SEC. 3. No joint stock company shall be incor
pornicd under the provision of this act with
smaller capital than fifty thousand dollars, nor
more than one million dollars, may be specif-
ed in the certificate Of Incorporation, which stock
shall be divided into shares of one hundred dol
issS each Of which capital not less than twenty
ire per CENT thereof, and in no case less than
twenty are Thousand dollars shall he paid up in
cash. The balance OF the capital of said company
may consist Of the bonds or notes of the stock
holders; shall any company en- the pIau Of
mutual insurance, commence business in this State
untn agreements have been entered into for insur-
with at least two hundred applicants. the
premiums upon which shall amount to mot less !
than twenty-five thousand dollars, OF which nj
least Eve thousand dollars shall have been paid in
actual cash, and for the der of which notes
Of solvent parties, founded upon actual and bona
4de spplication fbf insrra nee shat have been re-
ceiyed NJ one 81 he notes re58iFia e. .foressfd (
shall amount to than five hundred dollars /
and two thereof shall be given for the risk
pr made BY the Same person or firm. except where |
The whole amouat G. such notes does not exceed /
the of Eve hundred dollars nes shall anr note
be regarded represented as capital stock unless
policy be esned upon the same within thirty /
days after tina oEgsnzs ion OF the company taking
the same, upon risk which anaii be for 10 shorter
period than twelve months. Bach Of said natss
shall be payable, IN whole or in part, any time
pnen tho direatars shnll deem the requisite
for the payment Of irssss by fra inland mari
cation, and such incidental expensx az may he
necessary far trnsseting the busine<s Of said CON-
Parry. And no note shall be accepted Is part Of
ssch capital stock unless the same shall be accom-
panied by certificate of a justice of the peace,
notary prblie clerk 81 the District Court of the
county in which the person executing such note I
shall reside, that the person making the same is,
in his opinion. pscnniEriy good and responsible
for the same in properly mol exenrt from exsst-
.inn by the laws of their State; and zach note
shall be surrenderet. -hie the polity for which i,
was given continues in force.
SIC. 4. Having Published the n, ii Ear fled
publishers affidavit Of publ ,atien there # Fith
the Auditor Of State, together with the certificate
as required by the first sec ion OF this act the per-
sons named in the certificate ofineorF grafton or
jority Of them, shall be commissioners 10 open
books for the subscription Of stock to the Gem |
paBy 81 zach umes and places as 10 them may
$50 eonsellisne a'lu paope's Aau s'Ia $50 ~
certificate, is subscribed. in the business
of such company is proposed 10 be conducted on
the plan Of mutual insurance, then open books TO
receive propositions aaa enter into agreements in
lie and ~ tha extent specified lE Tie third
section OF this net. /
src s. The afnirs Of any company organized n
under the provifons Of this ac., shah he managed
~ -. i, - ~, MI ~ 80 $50.
-. 80 = -. a.. - /
ala ,as;, ~ rs shall
"a ,r.a,ir e. - sl.,i,, - D;rss,,,s sa,b :
et .,s,i ~. - - - =, -
80 80 - - lta stsi, c,.,,~. II 60.
- - ~, s 80 -, ~, - ~ :;
- -. $3.50 a. 80 :
g. 81, =, .tsfi - iarf5 fo-4.rv ;,sn,s,.a !,
IN, ...sef-aa ,s.,aar .a;s ~, II ;,-er,..~a Il
- $50 y - 80 : - 80 i. 49, 4 - :
go ausei NJ =" :. - = tas 1
.s saa s.s 'p. - ~ +aesas ,ato,ss sra :
- 10 =, 80 ,si ;fL;n :
ilois 80 r "a - -. 80 - :.
Wv '7sA'' % 80, -" t /. - 80 49, =
1on $3.50 T. I...;s =, :,
~. nafs;ns psfsrsJ =
/. /. =. Ia - go. - ,,,a o., !.
~ - ~ ~ I-ni,ea So = :,
" !. i
~ IL 60 - -, 49, 49,, -.
- . - :, ~ - -. ts;-1....-. :
isf 80 = :. - - ~ -
.hts Set. ,-a- y 80 - =
iesieot, Y. ~ -. - s..xs..sas = =
q =. i . =, :, .ra - 81 49, =, ,,d -;
as hief.s.sa Ano ~ -. 80 . =
-. 80 : sney =
!. ~ ~ Il ~ - ,,.i;si s,acg afsny Il
Il - - -; =, * NJ ~, ~ tnaa Il
aen !, 80 - 49, 60 80 IL = =
porais IT'S, $3.50 .s 81 -. IL 800. =, - t,1 :.
49, -, =. - X ri,, 60. :;
saeeA s ~ o,"us " - - 49, - - =
- tAs et - s - ~ -a,as+ sir;d.,a -
- - ,hs ar a,
.his State or Of TIE United States except tAer RI
osu stock: Fsroriasd, Always hat heenrrent &c
nsrket value Of sach stock bonds. other eri. II
s.ses af pdehtsaness shall lie al all times, dur "a
u the Continuance Or ouch ioaus, 81 lest len Ter
seat more than the sum ioansd thereon. 81
sscf. unon reeiring notification that the re- cl
,uirensents Of The preceding sections have besa
complied with, tba Andtcr Of State shall d,
make m examination or cause enc to be made by or
disinterested person officially appointed by pr
bn for that purpose, ana fit shall be fcand lin 81
he be made lv arr other thar tho 50
Auditor lhea tie finding snail be certified under or
that the CAPITAL heren required Of The con to
pap nancd according 10 The nature Of the hnsi- pc
a.s rrruosei 10 be transnsted hy saeh company, or
has been maid in and is possessed by il in money co
10 such stock notes bon ds and mortgages - are Of
reauired by the third aud sixth sections Of this sp