Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-04-18
Published April 6, 1878. ]
CIIA pVEP DIT

AN ACT relating to tswn Insurance companies and
amendatory of chapter 3i4 of the laws of WiscOn-
solidate all laws in relation to town insurance
companies.
The people of the state of Wisconsin represented i'm
senate and assembly, do snact as follo,0s:
Section /. Section of chapter 344 of the laws of
Wisconsin for 1876 is hereby amended so as to read
shall choose of their number not less than five
more than nine directors to manage the affairs OF
year and until others elected; and such direct
Sd th
directors may elect any member of the company as
upon the duties of his ONCE execute and file WITH
the secretary of such company bond conditioned
with two or more good and sufficient sureties pay
able to such company in the penal sum Of not less
as such directors may order. such bond and sure
more Of the directors Of such H Company Company anu '0
Section 2. Section of chapter 3ii of the laws of
as follows, Section g. Every member of such
company who may sustain loss or damage by fire
of such company, or in his absence the Secretary
thereof, who shall forthwith convene the directors
convened, to appoint committee of not less than
three nor more than hye members OF such compa-
than three hundred dollars, then the president and
secretary to appoint such committee to ascertain
the amount of such loss or damage; and In case of
the inability of the parties to agree upon the
appoint one disinterested person on his part and
upon receiving notice from such claimant of such
Appointment, and the name or the person SO ap-
pointed the president of the company shall forth
with appoint member of such company, and the
two persons SO appointed shall forthwith proceed
to appoint third person. who shall be diSinterest-
ed and the three persons so appointed shall con-
stitute committee of reference. who shall have
full authority to examine witnesses and TO deter
mine all matters in dispute, who shall make their
award in writing to the president or In ms absence
thereon shall be final The said committee of ref
erence shall each be allowed the sum of two dol
and the sum of five cents per mile necessarily trav
eled In the discharge of such duties which shall be
paid by the claimant unless the award OF said COM
mittee shall exceed the sum offered by the compa-
ny in liquidation of such loss damage, in which
case said expense shall be paid by such company
Section Section 10 of chapter 344 of the laws of
Wisconsin for 1876 is hereby amended as to read
as follows: Section 10. No company formed under
towns in which said company is located; provd-
ed however, that any such company at its annual
meeting may by majority vote of the members
present, authorize its directors to insure any farm
property detached dwelling houses and contents
rated city village, which is located in adjoin-
ing the towns in which such town insurance COM
pany is located: provided such farm property or
dwelling and contents shall be detached at least
two hundred feet from any exposure; and all acts
strued so asnot to disorganize any town insurance
company organized under the laws of Wisconsin
f3r ls or previous ana all acts anu proceedings
gaized and declared valid to all intentS and pur-
poses.
Wisconsin for 1876 is hereby amended so as to read
as follows: Section Il. The directors of such COM
pany shall be chosen by ballot, at the annual meet
day after the first Monday OF January in each year.
unless otherwise oraered by ma50fty OF tne yo
shall have one vote for each two hundred dollars
for which IN h he or of Sa a Of
company, but no person shall be allowed to vote by
Section This act Shall take effect and be in force
from and after its passage and publication.
Approved March Is. Ax