The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1872-11-07

| ana lightning insurance Com
panies.
The following Articles Of Associs
tion" for Fire Insurance Companies i
Cedar County, lows, were adopted b
the County Council p. Of H. at theI
meeting October 18th, 1874, and recon
msnded to members Of the orde
throughout the County:
PREAMBLE.
WHEREAS, We now organise thi
the - day Of -, l8--. BY adopejn
the following Articles OF AssefaaG3eu
witnesseth, that -. and all othe
persons who may become members Q
said Company are hereby associate,
by the name Of Fire Insuranc
Company.
ARTICLE l. The object Of said Com
pany being to insure buildings. - vel
- household furniture and other per
sonal property, against loss OF danag'
by fire or lightning. The Company
to have . perpetual succession, excep
as provided in Article 18th, and as
sumes the rights, privileges and liz
bilities provided by law for Mutua
Fire Insurance. Companies.
ART. 2. All persons who may be
come insured In this Company ar,
members thereof as long ~ their In
surance continues.
ART. 8. The principal place Of do
Ing business shall be In -. Csdal
county, Iowa; and an annual meet
Ing Of the member Of the Company
shall be held at on the second
Saturday in January In eseh year .,
10 O'Clock, A. NJ. for the election oi
of1cen and the transaction of other
G~sanvoo. Tl.S oMvcs. - the Comma.
ngphall Be q rsesldeet, Vice d.
dsnt, Secretary, Treasurer, and fbni
Directors. The offices Of Secretary and
Treasurer may bs nlled by the aame
person, who shall be elected annually.
The other Officers to serve two yenrs,
or until their sucesssoss ere elected
qualified into ofiice-one-half to be
elected each year. Said of1cen to
constitute Board Of Dirsctors 10 man.
age the Affairs Of the Company, = ma
jority Of whom shall constitute quo
ram for the transaction Of bssinsss.
The flrst of1ces OF the Company are
(nsme Of ofYices). II from any cause
the annual meeting 10 not held ut the
time designated, the President may
call meeting for the election of on
Gers, &c. Vacancies occurring 10 the
Board shall be filled by the Board.
ART. 4. This Company is strictly
. Mutual Fire and Lightning Insur.
ance Company. and can never he
changed into q stock Company.
ART. 5. When loss occurs II shall
be the duty Of the Secretary to repsil
to thu place Of lose. or In hiss abssn0s
the President. or in the atasncs =,
both Of these officers. soms other mem
her OF the Board Of Directors, and Il
practicable make settlensnt with
the party. II they cannot agree, Il
shall be submitted n three disinter.
ested men as arbitrator whose decis-
ion shaii be finai; each party to seiec,
one arbitrator and the two chosen e
se1ect the third. @ ~ 8abvG
AKr. 8. Afeer loas has bssn nd
jasted, and it is necessary to rnake %
aasessment Il shall b the duty of the
Secretary to u rite 70 each membar aDd
notify him OF the name OF the loser
the amount Of the property insured
the amount Of loss and his proportion
Of the asssDment The Secretary
shall be allowed, In making an asaeas.
ment, to add such sum to the actuA
loss, . in the Judgment Of the Board
Of Directors shall benecesssry to de.
fray the current expenses Of the Com
psny, provided this sum si,.ll ~ nd
one time exceed fifty dollars. 1t shall
be the duty Of each member Of tht
Company, within thirty days aftel
receiving such notice, to pay to thu
Treasurer the amount assigned % hi
proportion Of the assseement. Ifany
person fails to pay his assessment
within the time specified, the 6ecrets
ry may call on the delinqueat psrsor
for the collection OF the same, together
with the i've per osut. for colbectior
oft, may BY civil suit be colleseed BY
the Secretary on behalf Of tho Oompa
ny with said I've Per osnt. 90.
ART. "a. The Treasurer shall, a
soon as practicable. pay the aDoun
due the pssson sustaining the loss
and In no case to exceed ninsty day
from the time Of receving notice o
the loss, sxcept a. provided In Sec.
of BY LaNs. &
ART. 8 The property. perseaoi ans
real, Of eash member Of this Company )
shall be li1ble for the assessment mad,
upon him. e sss;sss ssss
ART. 8. ANY person wish1Ag t.
Withdraw from this Company, 'shal
notify the Secretary, add II tl,see 10 NJ
loss pending 1t the time of rseelvint
the notice, the Withdrawal shall taxi
place In five days but II there ha
been . loss previous 70 rsceiviDg tn
notice and 1t Ia necessary to make al
assessment, his Withdrawal shall TAX
place immediately after paying hi
share Of the loss. This Company shal
have authority TO discontinue or re
trench the policy OF = member.
ART TO- There shall not be NOR
thar two thousand dollars staksn IL
any one risk, until the smount a
property insured exceeds one hundre,
thousand dollars, and then not to OK
ceed four Thousand dollars in any on