Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1870-06-14
'Mahone, it is said, is large, if not sole
owner of the Whig;;'' hence, ETC., ETC. Il.
For the Spectator.
ia A~ra4o Inenronno CnmnQnV

For the Spectator.
East Augusta Insurance Company.
Agreeable to notice published by the Staun-
ton Spectator in its issue of the 18th OF May
last, general meeting of the subscribers to
the East Augusta Mutual Insurance Company
was held at New Hope on the 4th inst: ;,
Isaac s. Myers was called to the chair and
A. r. Pierce appointed Secretary.
On motion, committee OF five were ap-
pointed to draft constitution for the Company,
consisting of A. E. Pierce, Noah Early, Jacob
Coffman, Martin CARRIER and Enoch Brewer
After some elaboration the committee pro-
duced and read preamble and constitution,
which, after some amendments and alterations,
were unanimously adopted in the following
form, to-wit
We, the citizens of East Augusta, being de-
sirous of rendering mutual aid to each other
in case our buildings are destroyed by fire,
hereby form ourselves into company and, en-
tering into compact, agree to be bound by
the following constitution, to-wit: !.
ARTICLE This Company shall be styled
the 'sEast Augusta Mutual Insurance Com
pany."
ARTICLE 1.-The boundary limits of this
Company shall be from the Valley Turnpike
and the Greenville roads on the West, to the
Albemarle and Nelson line on the East, and
from the Rockingham line on the North, to the
Rockbridge line on the South.
ARTICLE 3-All citizens are members of
this Company who have signed this constitu-
ton at the time of its adoption, but if any one
fail to take out policy of insurance for three
months after its adoption he shall pay one dol
lar into the Treasury, or forfeit his membership,
and every citizen who takes out policy Of In
surance shall pay one-tenth of one per cent on
the amount for which the building is insured
and sign his name to the Constitution, which
will constitute him member and entitle him
to all the privileges of the company.
ARTICLE 4-The officers of this Company
shall be a President, Secretary and Treasurer,
who shall be elected annually by ballot, each
member voting personally or by proxy.
ARTICLE Sit shall be the duty of the
President to preside at all regular meetings,
keep order and decide all questions of ORDER
sign all policies issued by the Company and all
orders on the Treasurer.
ARTICLE cit shall be the duty Of the Sec
rotary to keep true record of the proceedings
Of every meeting of the Company and read the
same at the next meeting, and also, to keep a
book In which he shall record this constitution
and cause all the names of the members Of this
Company to be entered on said book when the
policies of Insurance are delivered aud also a
description of each building insured, together
with the name date and amount Of Insurance
to correspond with the policy and any other
business that the company may direct at reg
uar meeting, for which services he shall re-
ceive compensation as hereinafter specified.
ARTICLE Tt shall be the duty of the
Treasurer to receive and safely keep all monies
belonging to the company or paid in on assess
ments and levles, subject to the order of the
also to report the condition of the Treasury at
each annual meeting, stating the amount re-
ceived and paid out the previous year, and any
other business that may be required of him at
any regular meeting.
ARTICLE Sit shall be the duty of the Sec
rotary, with the owner of the property, to value
the buildings to be insured. and if they fail to
agree on the price, they shall call in third
man to determine the price, he shall also give
for each building so valued policy of Insl-
rance signed by the President and counter
signed by himself on reception of the one tenth
OF one per cent mentioned in Article 3rd of
this constitution, which shall be his compeosa
ton for services enumerated in this constitu-
ton.
ARTICLE 9.-All policies shall run in the
name OF the Company, giving description of
the building, its value and amount of Insu-
rance, be signed by the President and counter
signed by the Secretary.
ARTICLE lO.-No property except buildings
shall be insured by the Company, and separ-
ate policy issued for each building.
ARTICLE 1l.-No building shall be insured
for more than two-thirds it's cash value.
ARTICLE l2.-When one hundred have ia
ken out policies and signed their names &C
cordlng to this constitution the date of Insu-
rance shall commence, notice Of which shall be
given by the Secretary
ARTICLE 13.-After the date Of Insurance
shall commence, whenever building shall be
destroyed by fire that has been insured by this
company, the fact shall Immediately be CON-
municated to the President who shall order the
Secretary to levy the amount of the policy of
Insurance Of said building on all the members
of the company according to their several poll
cies, stating the amount due by each and for
ward the same to the Treasurer, and each mem
Der shall promptly forward the amount due by
him, to the Treasurer, within sixty days from
the date of the burning, which amount shall
be paid by the Treasurer to the one sustaining
the loss on the order of the President counter
signed by the Secretary.
ARTICLE Amy member of this Company
who shall refuse, or fail to pay his quota of
loss sustained by one of the Company when a
regular levy has been made by order of the
President within Sixty days of the date of the
burning, he shall be expelled from the Com
pany, and notice being given of the fact, his
name shall be erased from the books and the
policy or policies which he holds shall be null
and void
ARTICLE l5.-No Town, City or Village
buildings shall be insured by this Company
The Secretary shall determine what property
shall be deemed belonging to Cities, Towns or
Villages.
After the adoption of the constitution. the
following permanent officers were elected for
one year Samuel CARRIER, President A. ID.
Pierce, Secretary; Christian Kline, Treasurer.
On motion the meeting adjourned, fixing the
time OF the Annual Meeting on the first Sat
qrday in May of each year.
ISAAC S. MYERS, President.