Buchanan County bulletin and guardian. (Independence, Iowa) 1866-1869, 1868-11-06
SUPPLEMENT TO BULLETIN.

Sec. l9. The Auditor shall charge the
following fees: For filing each annual
statement, including the first application Of
any company, the sum Of Eve dollars. For
each certificate Of authority to do business
under this act, one dollar. For annual val~
uation Of policies, five cents on every thou
sand dollars insured on lives and this fee
sEal cover all charges by the State for the
safe keeping OF deposits made by the conn
panies. For changing securities, by with
drawing one and substituting another, the
sum Of twenty-five cents for zach thousand
dollars or fractional part thereof. For mas
king personal examinations Of the books,
psrers and officers Of . company, the sum OF
five dollars day, for each day so employed
aud actual travelling expenses. County res
corders shall be permitted to charge the usu.
nj fees for recording the original certih>
/, cate.
Sec. 20. Whenever the existing or fu.
ture laws Of any other State Of the United
State. shall require of insurance companies
incorporated by or organized under the avs
OF this State, any payment OF lines, penal>
ties. certificate Of authority or license tees
greater than the amounts required for such
purposesirom similar companies OF other
States by the then existing laws OF this State,
then, and in every such case, all companies
Of such States establishing or having there's
tofore established an agency or agencies IN
this State shall be aud are hereby required
10 pay 10 said Auditor for fines, penalties.
certificate Of authority or license fees, an
amount equal 70 the amount Of such char
ges and payments imposed upon or requii>
ed BY the laws Of such State, of the compan'
les Of this State or the agents thereof.
Sec. u. The penalties provided for in
this act shall b. sued for and recovered IN
the name Of State OF Iowa, by the district
attorney in the district court Of the county
in which the company or agent violating
shall be situated or reside. Tbree.tourths
Of said penalty. when recovered. shall Ire
paid into the county treasury for the use ot
the school fund, and one.iourth TO the M
former 4 such violation. In case OF non
payment Of the penalty, the individual Of
Tending shall be liable to imprisonment IN
the county jail for n period not exceeding
three months.
Sec. -. Il shall not be lawful for ans
company organized under the provisions ot
this act to invest its funds ~ any otqer man
ner than in the stocks Of the United States,
Of this State, or Of any other State in this
Union If at or above par, in ondsand mort
cages or on unencumbered real esta',
within this State. or the State il which sucl
company is located, worth at least twice th
amount loaned thereon, exclusive OF in
proyemenss and nil stocks, bonds or mort
cages owned or held by any company doas
business under the provisions OF th. n,'
with ether organized under the laws of ,hi
S,..,. a- unf hall Ia, a,ual mr. made To IL,
equal I, six per cent. stocks.
Sec. %. No company organized nnfe
ihi. act shall he permitted to purchase, hold
pnrposefsl and in the manner herein -
f,r'h. 10, wit: l.,. Such a. shall be relu
site for its Immediate accommodation in III
TRANSACTION of its business or, III. Such n
shall have been mortgagei 70 it ia geo
faith hy way of security tor loans previousl
contracted, or for moneys due or I'd. Sue
ns shall have been conveyed 20 It in salts
faction Of debts previously contracted in I'll
; course ot lis dealings; or. 4,h. Such a
: shall have been purchased at sales upo
judgments, DEGREES. or mortgages obtnine
y or made for such debts and it shall not !
lawful for any company Incorporated
: aforesaid. to purchase, hold OF convey rel
= estate in any ether case, or tor any oth'
$ purpose.
e Sec. 81. All such real estate as may /
: acquired ~ aforesaid, and which shall no
i be necessary for the accommodation OF sue
]. company in the convenient transaction
t its business, shall be sold and disposed
e within five year, after such company sha
!. have acquired title to the same, and il sha
not be lawful fnr such company TO hold sue
e real estate for a longer period than til
: above mentioned. unless the said compai
II shall procur. certificate from the Audit
d Of State that the interests Of the compa'
&c will suffer materially by forced sale OF sn
n real estate, in which event the time tor q
9. sale may he extended to such time as I
+ said Auditor shall direct in said cerli
~ cate.
D. Sec. %. All companies organized unl
lie the laws Of this State, and transacting
i. life insurance business, at the time OF
IS king effect Of this act, shall within twei
r days thereafter comply with the provi'io
ne Of sections two and three hereof in the SAL
TO mannersas companies hereafter organic
~ Aad . failure on the part Of existing col
~ panies TO comply with this provision sh
u. subject them and their agents TO the PEN
ed ties named herein.
q Sec. 26. Lie insurance companies
lis ganized under the laws of this State, whe
he or On the stock or mutual plan, may be for
OF Cd TO endure for fifty years, and may be
to newed from time to time for period
g. greater than ut FIRST.
Sec. ~. All acts and parts OF acts,
be lating 10 or affecting life insurance comps
On les are hereby repealed.
~, STATE OF IOWA, J
H. OYElcE OF SECRErARY NJ STATE
'u- Dss Moines, Nay l. 1869,
y; hereby certify the foregoing to be II
~ copy Of the original roll now on fle ia I
Be ONCE.