The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1872-06-06

That all the parts of section 30, Of
chapter 138, and section Il of chapter
| 173, of the acts of the Twelfth General
Assembly after the word "prOvidet''
in said sections be, and the same arc
hereby repealed.
SEC. 9. That section %, of said
chapter las is hereby amended, by
changing the word tone" after the
words possessed of to t,co 30 that
said section as amended shall read
possessed Of two hundred thousand
dollars of actual paid up capital" Hs
SIC. 3. That section Of said chap
ter LIB is hereby amended by substitu-
ting for the words supon the basis of
the New York standard of valuation
of life policies, it being DIR. Fau's
English Life Table NJ. 3 foe males,
with interest at per cent the words
ss'upon the basis of American Expcri-
encc Table of Mortality, and four md
ono half per cent interest. az
SEc.4. There shall he paid by every
company doing business in this State.
except companies organized under the
laws of this State, The following fees:
Upon filing declaration or certified
copy of charter, twenty-five dollars. X
Upon filing the annual statement,
twenty dollars. 50 VI
For each certificate Of authority, and
certified copy thereof, two dollars.
For every copy of any paper filed in
the department., the sum of twenty
cents per folio, and for affixing the
official seal to such copy, and certifying
the same one dollar. iW
For valuing policies of Life Insur-
ance Companies, ten dollars per mil
lion OfiMsurance for any fraction there
of. For official examinations, of COM
panies under this act, the actual expense
incurred. f,.
Any companies organized under the
law of this State, shall pay the follow
iifg fees:
I For filing an examination Of the first
application Of any company and the
issuing ofthc certificate oflicence there.
on, ten dollars.
For filing each annual statement, and
issuing the renewal Of liceilce required
by law, three dollars.
For each certificate of authority to
its agents, fifty cents.
SEC. 5. When by the laws Of any
other State, any taxes, fines, penalties,
licenses, fees, deposits of money or Of
securities, or other obligations or pro-
hibitations, are imposed, or would be
imposed, on Insurance companies of
this State doing, or that might seek to
do business in such other States, or
upon their agents therein, so long as
such laws continue in force, the same
obligations and prohibitions, of what
ever kind, shall be imposed upon all
insurance companies of such other
State doing business within this State
doing business within this State, or
upon their agents here.
SEC. 6.lu addition to the foregeing
feesevery insamhce company doing
business ii this State except joint stock
companies organized under the laws of
this State, shall at the time of making
the annual statements as required by
law, pay into the State treasury as
taxes, two and one-half per cent. of the
gross amount of premiums received in |
this State during the proceeding year,
taking duplicate receipts therefor, one
Of which shall be filed with the Audi
tor /; and upon the filing Of said receipts,
and not till then, the said Auditor shall |
3 s ; ~, % sns. ,rs certificate 6 as provided
ISle-half per cent. shall be in full for |
al taxes, State and local
SEC. z. All of sections 32, 33, and
5S, of said chapter lbs, and alltof Sec
ions - and ~, of said chapter 173, be
and the same are hereby repealed.
SEC. s. This act being deemed Of
Importance, shall take effect |
and be in force from and after its pub
icaiion in the State Register and State
Leader, newspapers published in Des
Moines, Iowa.
Approved, April %, 1872.
thereby certify that the foregoing
,ct was published in the Daily Iowa
State Register, aud Daily State Leader,
April 81, 1872. So
ED WRIGHT, .s fsa5E
Secretary OF State. n