The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-02-23
MUNICIPAL MATTERS.
TINE INSURANCE FINES.
A HIixea~ttp state et Affairs to he neg =
lated.

Yesterday II was our pleasure, with Mayor
Pilsbuty. to petuse the statutes for tho pur=
poss Of Investigating the liability Of some Of
our foreign Insurance agencies to tho city Of
New Orleans for falling 10 publish annual
statements Of the condition III tho affairs Of the
companies they represent.
| The Investigation was prompted by the
publication Of a communication III the DEMO
dHAT few days ags to the effect that Aato. 900
| was duo to tho city by insurance agencies as
u forfeit for failng 10 comply with section
| 1876 Of VOORHEES, Revised Statutes. which In
as follows
Every person acting AZ agent If nh ins,1t=
| arre company not Incorporated by tho laws
of this State. and doing fire. marine or river
Insurance. within The City If New Orleans,
shall. during tho month III January nf eael,
year. cause u full statement. under oath. Of
the business Of the agency to bn published in
tho manner and form and for TIM term MS
specified In tho preceding section. and for the
neglect OF refusal to do 40 shal forfeit and
pay into tho city treasursotho sum Of $1,000
Tor each anu every neglect ~ refusal.
PRESCRIPTIONS
1t ID found. however. ut page 7a5. Revised
Statutes. section aBtl, that there is presorip.>
ton in al tho cases referred TO- Y2 section
reads
Nor shall any person be prosecuted for any
tine or Forfeiture undnr any law If this State.
unless the prosecution for the same shall be
Instituted within ak months from tho time Of
lneurrlnE such u fine or forfeiture.
Tho agencies have also been overbauing
the statutes and they contend that our local
nsutanceH have been rnmiss themselves In
thoSbservanun OF the laws regulating insur-
hhoe. They refer to section 1877. page 400.
Revised Statutes. which says that
1t shall be Tho duty Of the several banks and
Insurance companies Incorporated In this
Ntats Oh tho first Monday 6f january nest.
and annually thereafter. To rttian tD b. pub
Ilshnd IN sptlir newspaper printed tn tho city
pf New Orleans once d week. for four weeks
In succession. list VI the names Of all parties
III Fttt5,. institution III
claimed Or ,lnnalled fpr sum Of money, speri=
Tying The amount thereof, beginning from the
several dntea Ut their incorporation. where tlrs
same are Of three years standing. or more MT
tho tjmfo6f such publication. whether the
same arise from deposits. dividends interest
scrip, OF result from the non payment
Of, any drafts. bills Of exchange. COR
titlnates Of deposit OF otherwise. drawn
i'll favor Of such person OF psrsons.a aud
not subsequently phid by such inRtittl a
ton, or ~ in the ease Of certificates of scrip,
not subsequently paid or delivered 10 the
owner thereof. also MI interest on scrip duo
and unpaid for moro than three years since
the salna became dcmnnaabls. and. generally,
all indebtedness ut stitch institutions, In any
manner whatever. nf more than three years
or where the evidence Ut the fact Of
tho indebtedness Ia exclusively in possession |
Of such institutions.
This sautiun. the agents claim, rake IN near |
" every nonsysH institution In tho city.