The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1885-03-26

foreman in tho ofnce OF such newspaper, or of
such posting by the certificate OF the village re-
corder, shall be attached to and filed with such
ordinance or bylaws, and noted ON the record
thereof and shall be conclusive evidence Of the
facts stated. All ordinances shall be suitably
entitled and IN this style: The village council
OF ,- do ordain as follows; All ordinances
and bylaws shall have the force OF law, and re-
main in torce until repealed"
SEC 2. This act snail take effect and bo in
1orce from and after its passage
Approved March g. 1885
Corporations.
an ACT to provide for incorporation and regu-
lat1On OF cooperative or assessment life, en-
dowment and casualty insurance associations
and societies.
BE 1t enacted bY the LEGISLATURE of the State
Of Minnesota:
SECTION l. Any number Of persons not less
than nine residents of the State OF Minnesota
hereafter desiring to form an organization, fra
ternal or non-fraternal. for the purpose OF
transacting the business of life, casualty or en-
dowment. or both life, casualty and endowment
l1nsurance] upon the cooperative or assessment
plan, may associate themselves together, and
enect such organization 40 hereinafter prescribed
and not otherwise.
the insurance commissioner declaration, signed
by each OF the corporators, and duly acknowl-
edged before an officer authorized under the laws
OF this state to take the acknowledgment OF
deeds, and shall therein express their intention
70 form an organization for the transaction OF
hfe endowment or casualty insurance, upon tho
~,
declaration shall also contain the proposed
name OF the association, corporation or society
(which shall not ne the same as, nor too closely
resemble the name Of any other corporation
organized under the laws OF this state) the place
where the principal office for the transaction of
Its business shall be located. which shall DO
At some place within this state; the mode and
manner in which the corporate powers granted
bv this act are to be exercised: the mode and
manner OF electing the trustees, directors OF
representatives, or other persons, by whatsoever
name or title designated, who are to have and
exercise the general control and management OF
Its affairs and all its funds; which election shall
be in such manner shall be prescribed by the
bylaws OF such corporation, association or
society, or In Of traternal societies. by rep
ellis or bodies who shall be members OF such
society. and majority OF them citizens OF this
state.
SEC. 3. Upon the filing in the Office Of said
commissioner Of the declaration required by tho
next preceding section, together with the sworn
statement by two Of said corporators, that at
east fifty persons, eligible under the proposed
laws OF such corporation, association or So
clety to membership therein have made appli-
cation In writing for such membership. the
same shall be referred to and examined by the
attorney general Of the State, and il by him
found conformable to the requirements Of this
act, and not inconsistent with the constitution
and laws Of the United States and of this State,
he shall certify accordingly, and return the same
with his certificate Of such conformity to said
commissioner: and thereupon said commissioner
shall cause the said declaration, with the certiti-
cate OF the attorney general, to be recorded in q
book to be kept for that purpose aud shall de-
liver to snch corporation, association or society
certified copy OF the papers so filed and record
ed in his office, and OF the certificate Of the said
attorney general, together with the license OF
said commissioner to such corporation, associa-
ton or society to engage In the business pro-
posed in said d. claration: and upon such certi-
fed copy and license being filed in the Office Of
the clerk OF the county where the association is
that may thereafter become associated with
them or their successors. shall be constituted a
body polite and corporate. and lawfully entitled
TO commence It's business: and any copy OF any
paper referred to in this acT, certified by said
commissioner. may be used in evidence with the
same effect az the original.
SEC. 4. The cOrpOrators. trustees, directors,
members or representatives. as the case may be,
OF any association. corporation or society organ
such bylaws, not inconsistent with the cnnsti-
tuition or laws Of this State of tho United
States. as may be deemed necessary for the gov
eminent OF its officers and the conduct OF its
affairs, and the same, when necessary, to alter
and amend: and they and their successors may
have common seal. and may change and alter
the same at their pleasure.
Sec. 5. Any corporation. association or soci-
city which issues any certificate, policy or other
evidence OF interest to- or makes any promise or
agreement with It's MEMBERS whereby upon the
decease OF member, or the maturity OF GER
ttcate. any money or other benefit, charity, re-
lief or aid Is TO be paid. provided rendered by
such corporation, association or society, to the
legal representatives of such member, or to the
beneficiary designated by such member which
money. benefit. charity, relief or aid are derived
from voluntary donations from admission
fees, dues and assessments, any of them, COL
lected or to be collected from the members thereof
Or members OF a class therein, and interest and
accretiOns thereon rebates from amounts
payable to beneticiaries or heirs; and wherein
the paying, providing or rendering of such money
toned upon the same being realized in the man
near aforesaid; and wherein the money or other
benefit, charity relief or aid SO realized is applied
to the and purposes OF such CORPORATION
ASSOCIATION n ha
management aud prosecution OF its business,
shall be deemed to be engaged In the business Of
tive or assessment plan, and shall be subject
only to the provisions Of this act.
SEC 6. ANY corporation, association or society
which issues any certificate, policy or other evil
dence of interest to, makes any promise or
agreement with, its members whereby upon the
sickness or other physical disability of a men,
age, any money or other benefit, charity, relief
aid is to be paid, provided or rendered by such
corporation. association or society, to such MEN,
Der or beneficiary designated by him, which
money, benefit, charity, relief or aid are derived
from voluntary donations or from admission
fees. dues and assessments, or any OF them, col
lected or to be collected from the members
thereof, or members Gf a class therein, and in
terest and accretions thereon; and wherein the
paying. rendering or providing OF such money or
other benefit, charity, relief aid Is conditioned
upon the same being realized in the manner
aforesaid: and wherein the money or other ben
and purposes Of such corporation, association or
society, and the expenses OF the management
and prosecution Of its business, shall be deemed
to be engaged In the business OF casually tnsur-
auce upon the cooperative or assessment plan.
and shall be subject only to the provisions OF
this act.
SEC. 7. Every such corporation, association or
society doing life, endowment or casualty in
surance business upon the cooperative or as
sessment plan. as herein defined, shall, on or
before the first day Of February of each year.
make and file with the commissioner of insur-
ance OF this state report Of its affairs and its
operations during the year ending on the thirty
Such reports shall be upon blank forms pro-
vided by such commissioner, and shall be
verified under oath by the duly authorized
ceties, and shall be published, or the substance
thereof. in his annual report by such commits
sioner, and shall contain answers to the follow
First-Number of certificates or policies is
sued during the year or members admitted.
4. Second - Amount of indemnity effected
Third-Number of death losses
FourthmNumber OF death losses paid.
Fifth-The amount received from each assess
ment In each class for the year.
sixth - Total amount paid policy holders,
DeGn aEda legal representatives. or heirs
Seventh-Numb Der OF death claims for which
assessments have been made
Elxhth-Number OF death claims compromised
or resisted, and brief statement Of reason.
Ninth-Does society charge annual dues?
Tenth-How much on each one Thousand dol
lars annually, or per capita, as the case may be
Eleventh-Total amount received and the dis
position thereof.
Twelfth-Does the society use moneys received
FOR payment Of death claims to pay expenses Of
society. In whole or in part; and II go state the
amount SO used2
Thirteenth-Stats total amount Of salaries
paid to Of1ccra
Fourteenth - State total amount uncludinx
cOmmissions) paid to agents.
F1fteenth-State total amount paid medical
examiners and employees.
S1xteenth-State total expenses Of MANAGE
ment Of business.
Seventeenth - Does society guarantee nxed
amount to be paid regardless of amount from as