River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1881-05-12
Published April 10, 1881
CHADTER am

AN ACT relating to state officers and II lking the
railroad commissioner and commits her OF in
suranca elective as other state ofhcerNand pre-
scrbns their duties and salary, and aIaendatory
of sections one hundred and twenty-sght and
one thousand nine hundred and siXtHseyep OF
the revised statutes, and to repeal section one
thousand seven hundred and nlnety-tSO OF the
revised statutes and amendatory of section six
of chapter two hundred and forty Of tie laws of
1880.
The people of the state Of Wisconsin, REPRESENTED
in senate and assembly, do enact AS follows
Section l. Section one hundred ane. twenty
eight, chapter eleven'r statutes OF AIS shall
be amended so as to read as follows: SeetiOn l2S
The governor, lieutenant governor, secsstary OF
state, treasurer, attorney general, stat1superln-
tendant, railroad commissioner and commissioner
of insurance shall be chosen ut the general elec-i
ton in the year 1881, and bicnniaily ts,reatteri
and the regular term of Office ofsad stats officers,
when elected for full term shall comlaence on
the first Monday of January next Succeeding their
election.
Section g. Section one thousand seen hun
bred and ninety-two, chapter eigkty-ssVen, re-
vised statutes Of 1873, entitled Of thesrailroad
commissioner is hereby repealed.
Section 3. No person in the empl yymCst Of, or
owning am stock, bonds, or otherwise pekuniary
interested in any railroad freight trans ortation
company, or being any officer of such Company,
shall be eligible TO the Office of rail Dad Eommis-
sioner.
Section 4. Section one thousand ninesundred
and sixty-seven, chapter eghty-niuc oS the re-
vised statutes of 1878, is hereby amended so as to
read as follows: Section 1867. Before entering
upon the duties of his Office, the commissioner OF
insurance shall take and subscribe TO an oath Of
Office to be filed with the secretary Of str e; and
he 8hall also execute bond to the state ri Wis
coHin in the penal sum of twenty Thousand dol
lars, with two or more good and Sufficient sure
ties conditioned for the faithful pe:forIsance Of
his duties, which bond, when approved by the
governor shall be deposited with tho stafa treas
urer. The commissioner of insurance shkl have
an official seal, and shall cause to be conducted
all examinations of the affairs Of insura ce cor
pOrations that are or may be required ~ law;
and generally shall exercise such supervision and
control over insurance companies doing business
in this state as the law may require. Sasl com
missioner Of insurance shall hold his otice in the
capitol and be provided with postage, stas ionery,
printing and Office supplies, the expense Thereot
&c be paid out of the state treasury. All reports
required to be made by any insurance CORPORA
ton shall be made to said commissioner; and he
shall on or before the first day Of July in each
year, make a report to the governor ct all trans
actions Of his office, including statenenisot the
fees received by him as such comm ssiorSr, and
such other matters as have been heretofore in
cudcd in such report or as he may b. req', red to
make report Of by law.
Section 5. Section six, chapter two hmdred
and forty of the laws of 1880. is hereby atIended
hs
the duty of the commissioner Of insurance. when
he deems the evidence sufficient, 10 prose- ute or
cause toibe prosecuted all violations OF the insur
ance laws Of the state. There shall be p-id an
nually to the commissioner Of insurance, sby IN
suranee companies, organized under the ssws OF
this state, dollar; by life and accident insur-
ance companies not organized under the avs Of
this state, one dollar and by fire and mag III
surance companies not organized under tie laws
of this state two dollars for each cerlidca issued
by him to the agents Of such companies klurng
the year which sums aforesaid, together I:ith all
fees paid by insurance companies as now required
tby law shall be paid over to the treas 1rei If the
state Of Wisconsin, monthly, and be cree stad t.
the general fund. II shall be the duty sof The
commissioner Of insurance, TO tabuate aT'l pull
Hlish in his annual report, the statistics gten IN
athe repOrts of town insurance companies ESQ to
give the name and location of each company, to-
gether with the names ofits officers. and to Irnisb
the secretary thereof with copy Of each annual
report.
Section 6. The salary Of the commissioner Of
insurance shall be three thousand dollars a nunl-
IL. which shall be paid out Of the state usasury
the same as the salaries or other state cfficers;
and he may when necessary employ cesI ut
GALAXY of twelve hundred dollars per ann sn, to
be paid in like manner
Section Z All acts and parts Of acts conflict
ing with the provisions Of this act are HEREBY re-
pealed
Section s. The first term Of Office Of tlA rail
road commissioner, provided by this act. shall
commence on the fifteenth day Of kebrlarg; 1882
and the first term of Office Of the commissioner Of
insurance provided by this act shall cousnence
on the first Monday of April 1892, and the salary
provided by this act shall apply on and af:er the
first Monday Of April, 1882.
Section 9. This act shall take effect 'snd be
in force from and after its passage and p'2'liea-
ton.
Approved April Q. 1881