The Superior times. [volume] (Superior, Wis.) 1870-1912, 1875-04-24
Published March a, 1878.
CHAPTER 1SA

The people Of the State OF Wisconsin represent.d
in Senate aud Assembly, do enact 81 follows:
Section !. The Register of deeds OF each county
in this state shall be entitled 10 ten cents for each
folio for entering and recording any deed or Other
instrument. to be paid when the same is left for
record. Provided, hat in no she'll he fees Of
any such register he less than fifty cents for record
receipts of fees by any register Of deeds less than
ing any deed less than seventy-iye cents for re-
cording any mortgage. Provided, That whenever the
three hundred dollars per snnun the county board
OF supervisors shall have the right 10 vote salary
to said register of deeds lot exceeding two hun
bred dollars
any public office Of any county shah have become
diiapidaied and in danger OF being DESTROYED or
rendered ileglbie by use the board of supervisors
OF the county snail, oy resolution II III their opi-
ion II i deemed necessary, order such book or rec
ord. any part thereof, 10 be transcribed by the
officer having charge of the same. Such officers
shall thereupon procure AT the expense of said
county suitable book or books for that purpose ana
accurately transcribe the same. he shall carefully
compare the copy 80 made With the original, and
shall certify thereon that be has carefully corntred
said copy with such original, and that said cory il
correct transcript from such original and of the
whole thereof and that the has been so trans
crlt-d by him pursuant to resolution of the board
OF supervisors OF said county, specifying The
uncate the date OF the passage of such resolution
Sec. 8. The copy so made shall have the same
effect the original and be evidence IN all cases
where such original would be evidence and shall be
in its legal effect in all respects considered a. an
original record In such office.
Sec. 4. The officer trsnscribing any such book
or record, and all characters representing words
shan b. counted words, shall receive therefor
cents per fotiO to he paid by the county provided
however, that II the book or record 20 Transcribed
or any part thereof consists Of printed forms with
blanks filed IL writing OF which the copy Is usde
upon similar printed blank forms, the ices for
transcribing the same shall b4 i've cents per folio
Sec. >. All laws in conflict with the provisions of
this act are hereby repealed.
Sec. s This act shal take effect and be force
from and sitter it5 passage and publication.
Approved March d 1878.
Published March %, 1851
CHAPTER $50.
AK AcT relating to, and amendstory Of section :,
OF chapter 212, OF the LAVE OF Wisconsin oi 1878,
entitled IAN act for the better organization Of
the militia OF the state Of Wisconsin.'
The people of the State of Wisconsin. represented
in senate and Assembly, do enact follows:
Section !. That section ., OF chapter 202 OF the
laws OF Wisconsin of 1873, entitled IAN act for the
better organization OF the mil tia of the ztate OF
Wisconsin" be amended 10 read follows :
Section 5. Ia IA company battery, which, on In
spectIOr. shall prove To be properly organized. a.
turns which, under the iape Of this state they are
required 10 make, shsl receive out OF the general
fund Of the state, warrants is ued BY the secre-
;ary Of e;ate the Of three hundred dollars per
anuuIa, which shall Ia in fun compensation for
rent cf arInory, pay OF arm >rer and keeping in
pair the ordnance and ordnance stores, furnish.
such company or battery and no allowance shall be
made hereafter for said purpose by the county
board Of supervisors of any county, except rent
ana que ana unpaid DtEcrb the Passage OF TINS
act Provided, That more than twenty-fou
companies aud batteries shall be organized in this
state.
Sec. 2 This act shall take efect from aud after
Approved March H. 1875.
Published March %, 1851
CHAPTER 3l4.
An Acr to provide against extraordinary coniagra.
tons, and for the creation nf safety funds bS IRE
Insurance companies.
The people OF the State OF Wisconsin, represented
in Senate and Assembly, DO enact as follows.
Section !. Thereafter [hereafterI it shall be law
full for any tre insurance company organized under
the laws Of this state to create the funds herein pro
yided for to De known and designated AS the quar-
terry guaranty surplus fund the special reserve
fund, and 10 avail itself OF the provisions this act
upon complying with the requir tments thereof.
Sec. 2. Any ire insurance company desiring 10
create such funds shall and It is hereby authorized
20 do 20. upon the adoption Of resolution by its
board of directors at regular meeting thereof and
filing with the secretary of copy thereof de
clarng the desire and Intention of such company to
create such funds, and to do business under the
provisions of this act and after the filing
such copy OF the resolution convenient the secr-
tary of state shall make, to be made an ex-
animation of such company, and be shall make
certificate OF tse result thereof, which shall particu
lery set forth the amount Of surplus funds held by
such company at he date of such examination
which Under the provisions of this act are to, ana
may be equally divided between and be apart to-
constitute said guaranty surplus and special reserve.
funds which certificate shall be recorded in the
Insurance department, and from aud after the date
Cf the recording Of said certificate, all the policies
and renewals of policies Issued by said company
shall have printed thereon by said company a no
tee that the same are issued under and IN pursu-
of this act referring the by chapter
date, and title, and such policies and renewals shall
be deemed 20 have been issued and received subject
to the provisions of this act.
Sec. 3. After the date mentioned In any such
resolution passed and filed, it shall be lawful
for such company to make declare or paw In any
form. any dividend upon its capital stock exceeding
nero p1r here md
the surplus funds to be formed hereunder, until
after its guaranty surplus fund and it's special
serve fund shall [havel together accumulated to
amount equal to It's said capital stock; and the n
tire surplus profits OF such company above such an
ual dividend OF ~ per cent. shall be equally
divided between and be set apart to constitute the
said guaranty surplus fund and the said special re-
serve fundwhlcb said funds shall be held aud used
hereinafter provided, and not otherwise: and any
company doing business under this act hich shall
declare or pay any dividend contrary to the provis
ions herein contained, shall be liable to be proceed
ed against by the attorney general for the its dis
solution.
Sec 4. Said guaranty surplus fund shall be held
and invested by such company the same it's cupl-
tai stock and surplus accumulation, and shall be
able and applicable in the manner $ the
capital stock to the payment generally of the losses
of such company.
SEC. S. Said special reserve fund shall be invested
according to existing laws relating to investments OF
capital by fire insurance companies, and shall be de-
POSTED from time TO time as the same shall accu-
mUlste and be invested with the state treasurer
who shall permit the company depositing the
TO change such deposits by substituting for those
withdrawn others of equal amount and value to and
collect and receive the interes. dividends upon
such securities a. the same may accrue; and such
special reserve fund shall be deemed d fund con-
trlbuted by the stockholders 10 protect such com
psny and its policy holders other than claimants
losses already eNisting.or then incurred in of
such extraordinary confiagration Coniagretious
as hereinafter mentioned; and said fund shall not
be regarded as ay part portion of the assets In
posseT-lon OF said company So IS TO be or render
the same liable for any claim claims for loss by
TIRE or otherwise except as herein provided.
Sex. g. In estimating the profit of any such
company for the purpose OF making division
thereof between said guaranty surplus fund and
such special reserve fund, there shall be deducted
from the gross assets of the company, including for
tins purpose the amount of the special reserve fund.-
the sum of the following items First, The
OF all outstanding claims; second amount sufti-
clent to meet the liability OF such company for the
unesrued premiums received on policies having less
than one year TO from date of policy, and pro
rata proportion of the premiH1ns received on the
policies having more than year 10 run from date
OF policy, and shall be known as the reinsurance
iahlity; third. the amount OF It's guaranty surplus
fund, and of its special reserve fund; fourth, tine
amount OF the capital OF the company and fifth, in
upon the amount OF the capital and OF the said
funds for Whatever time shal! have elapsed since
the last proceeding cash dividend: and the balance
shall constitute the surplus OF the company suit
Jsct 70 an equal division between the said funds
herein provided.
SEC. :. In the event of any extensive eonfagra-
ton or CONGREGATIONS, whereby the claims upon
such company shall exceed the amount OF its can't
tai stock, and of the guaranty surplus fund provid
- for By this act the -sd company shall notify
secretsryot state of the fact who shall then make
cause TO be made, an examination Of said company
and shall issue his certificate Of the result showing
the amounts OF capital, OF guaranty surplus fund.
special reserve fund, of reinsurance liability and
other assets, and upon hz issuing such certificate
IN duplicate, one copy 10 bc given the company and
one 10 De- recorded IN the insurance department. the
said special fund shall be to
protect al pOlcN-hoiders OF SAID company Other
than such g. are claimants upon IL 1t the time or
snch IS oecalle such claimant. IN conseausnce OF