The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1868-07-09

PRINTING or ALL KINDSS
From . Visiting Card 70 . Mammoth
Poster, executed In good style. Eastsrn
6sice6 md work duplicated.
ORDERS SOLICITEDJ

6slce6 and work duplicated.
NJ ORDERS SOLICITEDI
snch company 70 create new stock and
dispose Of the same, and to issue new
certificates therefor, 70 m amount suf-
ficient to make up the original capital
Of the company. And in the event Of
any additional losses accruing upon new
risks, taken after the expiration Of the
period limited by the said. Auditor in
the aforesaid requisitlsn for the filling
up Of the deficiency in the capital Of
such company and before said deficiency
shall have been made up, the directors
shall be individually liable to the ex-
tent thereof
Sxc. 80. II upon sa,d examination
il shall appear to the said Auditor, that
the assets of any company chartered
upon the plan Of mutual insurance un-
der the act, are insufficient to justify the
continuance Of such company in bust
ness, it shall be his duty TO proceed in
relation to such company, in the same
manner - herein required, in regard to
joint stock companies; and the trustees
ordirectors Of such company are here.
by made personally liable for any loss-
es which may be sustained upon risks
taken after the expiration Of the period
limited by the said Auditor for filing
up the deficiency in the capital, and be-
tore such deficiency shah have been
made up. Any transfer Of the stock Of
any company, organised under this oct,
made during the pending Of any invest
igation required above, shalt not release
the party making the transfer from his
liability for Losses, which may have &c
Icrued previous TO such transfer.
SHo. 81. The Auditor of State shall
be authorized 10 examine into the con-
dition and afla;rs of any insurance CON-
pany, as provided for in this oct, doing
business in this State, not organized
nnder the laws Of this State, or cause
such examination to be made by some
person or persons appointed BY him,
having no interest in any insurance
company and whenever it shall appear
to the satisfaction of said Auditor that
the affairs Of any such company are in
an unsound condition, he shall revoke
tho certi6 -ates granted in behalf OF
such company, and shall ca,,se . notii-
cation therof to be published in some
newspaper Of general cirtulation, pub
lished in the cit, Of Des MoiEes, and
the agent or agents Of such company
are, after snch notice, required to dis.
continue the issuing Of any new policy,
or the renewal Of any previously is
sued.
SEC. 80. There shall be paid by
every company, association, person
or persons, agent or agents, to whom
this at shall apply the following fees
For filing and examination OF the first
application OF any company, and the
issuing of the certificate Of license
thereon, ten dollars, and i've dollars to
the Auditoa; for filing each annual
statement herein required two dollars !;
for each certificate Of authority, fifty
cents TOR every copy ofpaper filed as
herein provided, the sum OF ten cents
per folio, and fitty cents for certifying
the same and afii1lng the zeal OF Office
thereto, all Of which fees shall be paid
70 The officer required to pcrtorm the
the duties.
SIC. 8S. Whenever the existing or
or future laws OF any other State ol the
the United States shall require Of in.
surancc companies, iDcoporated by or
organized under the laws of this State,
having agencies in such other State, or
Of the agents thereof, any deposit Of &C.
curities in such State, for the protec-
ton OF policy holders, or otherwise, or
any payment for taxesp fines, penalties,
certificate Of authority, license fees, or
otherwise, greater than the amounts re-
quired for such pOrpos from 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 therefore
established an agency or agencies in
this State, shall be, and are, hereby re-
quired TO make the same deposit for q
like pupose with the Auditor OF this
State, and topay to sad Auditor for
taxes, lines, penalties, certificates Of
authority, license fees, or otherwise, an
amount equA 70 the amount OF s0cn
charges ana payments imposed upon or
required by the laws Of such-State
of the companies Of this State or the
agents thereof
Sec. ~. It shall be the duty Of eve
ry insurance company OF the kind pro-
vlded TOR IN this act, doing business in
tn!s STATE, organized under the laws OF
tins or any other state or country, to
publish annually, IN two newspapors OF
general carculs'ion, ono Of which news
papers shall be published a. the capt.
III OF this state, and IN case OF comPa.
mes organised m the state o. Iowa,
one of which SHAH be published IN the
county where the principal once 10 10
eated. = eerohcate nom the Auditor OF o.
state, tnas suen company naa. IN ail
respects, comPaea Win tnc avs OF tnis
STATE reiasang g insurance. oaid GER
uncase enall aiso conssm = ssasement
under tne oa.n o. tne ffesadens or Oec.
retaty ei sncn insurance company. OF
the actual amount q Pald-up caP,a'
me aggregass amouns oI sssess and M
nlnuea = sne oate o. eeoo cett:noase,
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