Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1881-12-09
CONSTITUTION.

pSSiStiJ VI ototSs
CONSTITUTION.
SECTION l.-This Company shall be
known MS the Lime City Farmers Mutual
Fire Insurance Association"
SEC. 2.-The object and purpose OF this
Association is to enable its members to in.
sure each other against loss by fire.
SEC. 3.-The Office Of this Association
for the transaction of its business shall be
located in the Village Of Perrysburg Wood
county, Ohio.
SEC. 4.-This Association in the prose.
cution of its business shall be limited in
territory to all that part of Wood county,
Ohio, which lies North of line commence
ing at the Southeast corner of Troy town
ship in SAID county, and extending thence
directly West to the Maumee river.
SEC. 5.-The officers of this Association
shall consist of President Secretary, and
Treasurer, and Board of six Directors.
SEC. 6.-Any person residing within the
territory above described. and whose prop
erty to be insured is what is designated ms
detached farm property, may become a
member OF this Association by signing the
Constitution and Bylaws thereof, and
paying to its Treasurer fee of so cents,
and contributing TO said Association as a
phIt vi tne Gu pun otpCh tneIeol, property
of not less value Than One Hundred Dol
lars.
SEC. Persons having their property
insured in other companies and whose pol
icies have not expired, wishing to become
members of this Association may do SO
without contributing any capital stock
until such time as their policies expire if
they comply with all other provisions OF
this Association.
BYLAWS.
SECTION 1.-The President, Secretary,
Treasurer, and Board of Directors of this
Association shall be elected ut its organi-
cation, and at each annual meeting there
after, by the members thereof, and shall
hold their offices for one year or until
their successors are elected and qualified.
Said President, Secretary, and Treasurer
shall he elected from the Board of Di-
rectors.
SEC. II.-The annual meetings of this
Association shall he held on the first Sat.
urday in December, commencing at 8
o'clock A. NJ.
SEC. lII.-A majority OF the members
present at any meeting shall be necessary
to choice.
Sec. IVA majority of the Board OF
II quorum for the Transaction of business.
SEC. V.-The Board of Directors shall
meet nj such times and places as the mem.
bers thereof shall determine OF when called
| together by the President, and when thus
assembled may make such rules for its own
government ns ere not inconsistent wit
these Bylaws, and shall have the genera
management Of the business OF said Asso
citation.
SEC. VI.-If Director shall for three
times in succession be absent from the
NEE ings OF the Board, having had person
al notice thereof, unless excused by the
Board, such absence shall be equivalent tC
a resignation, and his place shall be filled
by the Board.
| SEC. Vll.-The members of this AssO
citation when assembled at any regular oil
special meeting, shall make all such as
sessments on the members thereof az ma,
be necessary to pay all the contingent ex
penses OF the Association.
SEC. VIII. All property offered ms Cap
ital Stock OF this Association, shall anc
must be valued and accepted by one of tho
Directors thereof, and majority of the
Board OF Directors shall constitute Board
for the equalization OF values OF property
30 held as Capital Stock, and for the pur
pose OF equalization such values shall mee
whenever in their judgement the Interests
OF the Association demands the same.
SEC. IX.-In case of loss by fire no mem
Der shall receive more than three -fourthi
OF the actual loss of the stock contributed
by the member sustaining such loss, and L
pay such loss each member shall be asses
aed sum which shall be in such proper
ton to the amount oil loss as his Capita
Stock IL to the whole amount of the Capi
tai Stock, but the Board il in their Judge
ment IL will be for the best interest OF til,
Association may require the rebuilding o
such loss and to secure the performance o
the same may order payments made iron
time TO time as the work progresses.
SEC. X.-Any member of this Associa
tion who shall hold the policy of any in
surance company, and who in case OF Ion
shall receive the amount insured by sal.
Company, shall he entitled TO and receiv,
nothing from this Association by way o
indemnify for the same loss.
SEC. Kiln case OF loss by fire by an,
member OF this Association, lie shall i'm
medialely notify the President thereof, VIII,
shall forthwith appoint three iudicions per
sons, H,members OF The Association to go to tn,
place where the loss occurred and inquif,
into the cause or origin of the lire,and alst
10 appraise the actual value Of the proper
" 80 destroyed, and forthwith report tlis