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

| s@seAs uSv0 oUsssUaAsy " po0 0y AoW
for the management and efncien
working Of the Company, any o
which may b altered or repealed b.
the annual meeting.
ART. IL. This Company shall d,
business only In - Township, Co
dar county, Iowa.
ART. l3. The Secretary Of thil
Company shall Be entitled to - dollar
for each day Of ten hours actuall,
spent for the Company.
ART. Il. At the annual meeting
the Secretary and Treasurer shall civ,
sn explicit statement Of the condition
and finances Of the Company.
ART. Is. No insurance Of this Com
pany shall take effect until the amount
Of property insured Or made liable fol
the losses shall amosnt to nifty thou
sand dollars. fiat any time less thar
fifty thousand dollars worth OF prop
erty shall be insured, 1t shall be th,
duty Of the President to call = meeting
Of the Company, and the Secretary
shall notify each member Of the Com
pany ofsaid meeting, that II may TAXI
such action In the case ~ Il may deem
best; the meeting shall have authori
~, by majority Of the members at
tending IL, to discontinue the Compa
ny. in which case each member Of th,
Company shall be notified thereof.
BY LAWS.
SECTION l. The Secretary shal
keep record Of when each person BE-
comes = member. amount'of property
insured, and when he ceases TO be 1
member, and keep m explicit account
Of all the proceedings Of the Company
including the amount he pays fol
blanks, blank books, &c., necessary
for the business Of the Company.
SEC. 2, This Company may insure
the following property, and when {
loss occurs, assessments shall be made
In the following proportions:
Detached farm dwellings and con.
tents, I.
Detached farm barns and contents,
II.
Detached churches and school hous.
es. 2.
Detached boarding houses, 3.
Detached buildings are those that
are one hundred feet apart.
1fthey are under 100 feet and over
IS feet, they shall pay An addition OF
one fourth Of rates attached. Village
dwellings under IS feet and over 80
feet, 2. Five cents additional for each
500 for rented houses.
There shall not be more than four
thousand dollars taken In one liability
Of burning within two hundred feet,
and another risk shall not be taken
ueess. chan two hundrod faat kaoaa
the outside..limits Of such risk.
Exceptions to the foregoing regula-
ton may, under favorable circumstan-
oss. b. made by tho appreciation Of the
Board Of Directors.
Sec. 3 This Company will not be
liable for damages caused by nre orig
mating from depositing. by the In
sured, ashes or smben In wooden ves-
sells. Ashes shall be taken up in m
saEthern or metallic vessel, and sept
in the cellar or some other ssfe place
until cool. In all cases Of lre II shall
Be the duty Of the insured to use oil
possible diligence to save and preserve
the property. II they should fail to
do go, this Company will not bs liable
to pay or make good the loss or dam
age sustained on account OF such neg
lect.
SEC. 4. Insurance will take effect
on che day when the application has
been approved by the Secretary, UNI
less otherwise agreed upon, and Ia all
cases the insurance shall coMne0ce
and expire At u o'clock NJ. The aP-
plicant shall pay one dollar and 6fty
csnts for certificate, aud the snill on
the dollar on the amount insured, and
no insurance shall take effect until
this sum Is paid. From the fund 70
raised the current expense Of the Com
pany shall be paid.
SEC. S. When insurance In taken
on more than one building In the
same certificate, the amount OF each
must be named, and also the amo1at
to be raised on each kind Of personal
property.
SEC. 6. Certificates Of fnsucanoe
may bs sssigh able with the consent Of
the Board Of Directors.
SEC. I. fiat sny time . member oi
the Company 10 repairing or making
additions to his buildings, the Compa-
ny shall carry only 20 per cent. q the
amount insured upon them until the
repairing or additions are oomplet-
cd and the shavings are remov I'd.
Whenever suoh addition or alteration
shall have been completed, 1t shall ~
the duty Of the insured to obtatn the
approval Of the Secretary or Board ol
Directors. Ifsuch approval shall not
be obtained, and the building ID burn
cd. the Company shall not b liabls
for the loss.
SEC. 8. It shall be the duty Of any
party insured in this Company, who
sustains . l0es, to render to the 6ecre-
tary . written statement on oil points
desired BY him relative to the Are and
encumbraDces on the premises, said
statement TO be verified by a6idavit.
SEo. 9. The Secretary and Trsasur-
or shall give bonds In the sum Of four
thouss nd dollars for the faithful per.
formancs Of his duty.
SRC. 10. When member wishes Il
Increase bis or her insurance, or In
sure other property, they can do 40 By
psytH4.shsUssAi 0f one mill on
the dollar.
Sec. H.. Buildings are not to be ex'
cluds1 Whsrs sncke- houses ass q I
less distance than sixty feet, II In tht
opinion Of the Secretary they do no,
materially increase the risk.
For the carrying out Of the abov.
plan Of Insurance, the Council though,
it bss, 70 district the County, - fol
lows, Wig:
That mast Of eha oous.t., lvin~ .n.,tk