The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1874-04-24
Co-Operative Fire Insurance.

COOPERATIVE Fire Insurance.
The following constitution ola mutual farmers
/ insurance company accompanied the report q
the committee of the Andrew County Council %
Patrons of Iiu,bandry, published last week, bu
Was omitted ON account Of want of space:
CONSTITUTION.
WHEREAS, The farming community Of An
drew County, Missouri, hnve long felt tire Er-
cessity OF u cheaper and safer fire insurance thar
that which they now have; AMI, also, the necp,-
siiy of retaining at home the large suIns OF
mnney annually taken from them without ude-
qu4te compensation. Now, therefore, We, the
undersigned, tp hereby assOcidte into Il lire i'll
surance company, by the name Of the Farmers
Insurance Company, of Andrew county, Mis-
souri,, and hereby organize by adapting the Iol-
lowing articles oil assorIaiiOn, tO-wit:
ARTICLE /. The object of this association is to
insure buildings, as well is household furniture,
and all other personal property against loss by
fire or lightning. The company Is To- have per-
petual Succession, except rs provided IN article
nineteen, AMI assumes the rights, privileges and
liabilities, provided by law lJr mutual fire In
surance companies.
AIR. :. All persons who may he insured in
| this company shall I've members so long rs their
insurance continues.
ART. 3. The principal place Of business shall
be- at savannah, Andrew county, Missouri.
ART. 4. The annual meeting of the members
of the company shall In held on the--Of each
| year, for the election of officers and the traDs-
action of other business.
AWT. ). The officers of the company shall be a
President, vice-Presi lent, Secretary, (who
shall be ex-onicio treasurrri and Directors, al
of whom shall De elected annually, AMI shall
serve for one year. or until their Successor, sre
elected and qu.lliiird.
Anr. q, sand officers shall constitute a Board Of
Directors, to manage the Affairs of tn. Company,
u majority of whom shall constitute u quorum 10
do business.
is not held at the time designated. the President
or IL majority of the Board may call u Injecting
for the election of officers. Vacancies occurring
in the Board shall be lilled by the Board.
Art. 3. This company is strictly u mutual fire
and lightning insurance company, and shall ney-
er be changed into u stock company.
ART. %. When IL loss occurs, II shall he the
duty of the Secretary, on due notice, to repair
to The place of loss; or In his absence, the Prv,i-
dent, or in his absence, some other member of
the Board of Directors, anti II practicible, make
agree. it shall he submitted to three disinterrsted
men rs arbitrators, whose decision shall b. final;
each party TO select one arbitrator, anu the two
50 chosen to select the third.
ART. 10. After u loss has been adjusted, and it
is necessary To make an assessment, II shall be
the duty Of the Secretary to write 10 each mcIn-
Der and notify him Of the name of the loser, tile
amount of the property insured, the amount of
the loss, and his proportion Of the assessment.
The Secretary shall be allowed in making the
assessment, TO add such sum to the actual loss
rs In the judgment of the BOarl Of Directors
shall he necessary to tlefray the current expenses
of The company, provided This sum shall In no
tu~t tNfttl tNtUtN- uNe upiiiIS II stsii it III
duty of each member OF the company, within
thirty days after receiving such notice, To pay
10 the Treasurer the amount assigned n his pro-
portion OF the assessment. II any person fails
to pay his assessment within the timr specified,
he secretary shall call upon the delinquent in
for the collection Of the same, together
paid. it may by civil suit be collected by the
on behulf Of the company, with said
ten per cent. 1
Anr. II. The Treasurer shall, as soon as prac-
'irubl. trty th. nfnnpnf din. fn the Iers.,p sus,
aiming the loss, and in no case soeNceei ninety
lays from the time of receiving notice Of the
U,s. 4
AIR. Il. The property, personal and real, of .
.ach member Of III. c"rnpan, shall be liable for
he assessment made upon him.
ART: IL. Any pcrsoh wishing to withdraw
rom this company, shall notify the Secretary in
writing, and IL there is no losi pending at the
line of receiving the notice, the withdrawal
hall take place in five days; but IL there has
u loss previous TO rrciying the noticc, and
! is necessary to make an assessment, hi, with 1
shall take place Immediately after paying :
is share of the loss. The Isuarl of Directors :
hall, for calsc, have authority to discontinue
AIR. II. There shall not he more than two
dollars ~, 600 taken in any risk until
he amount of property insured exceeds one
un,irr,i thou,ani dollars Ssioo, ooN, and then ,
Ut tn exceed four thousand dollars "a, 00O) III
ny one risk, and in no case tn exceed two 4
llr,is OF the value OF the property insured, in n
luding The insurance Of oih.r cUnnrsnies. In y
use OF double insurance. this coiulpiny will :.
ny osly in rationable proportion of two-thirds :.
I the Salne of tn. property. ;;
AIR. Ii. The Board of Directors shall have y
nthority 10 pass bylaws for the management !,
nj efficient working al the company, any of .
'hich may be altered or REPEALED Mt the annual '
lveting.
ART. ID. This company shall do business in
ndrew county and within Ont mile of the lin !
thereof. n
Arr. IL. The Secretary Of the company shall
? entitled Ia iif,y cents for survey and one dollar .
policy.
AIR. Is. At the annual meeting, the Secretary
TALL give an explicit statement of the condition =
MI iinance, OF the COMPANY. /
Ar. 10. No insurance in this company shall .
Ike effect until the amount If property insured n
made liable for los,c, shall amount to fifty
dollars $50 COO. II, Mt any time,
- Than fifty thousand dollars $50 D) worth A.,
property shall be insured, it shall lie ,he duty y,
the President to call u meeting OF the rom =
and the Secretary shall notify each menu
II of the company of sal ii meeting. thai il may
kc such action in the c,tsr Il, il may deem best.
he meeting shall have authority, by u nn!jprify
the members attrn ling IL, 10 discontinue the
'mpany, in which case, each member of the
'inpany shall be notifies, thereof.
An. ~. No Insurance shall be effected upnn n
~ property within the precincts OF any town :
village. q
STILES & HARDY amt got any money 1
loan, nor amt ricl, enough to sci: :