Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1885-05-27
CHA TTR AQ1

laws of 1881
The people of the state of Wisconsin, represented
IL senate and assembly, do enact as follows:
Secnon l. Section 1927, of the revised statutes,
Is hereby amended so as to read as follows Sec
tlOh W.. Any number of persons not less than
twenty-five, residing in the same town, or adj
yoinlng towns, not exceeding twenty in number,
VINO collectively shall own property of not less
IMAM twenty-five thousand dollars in value,
Whlch they desire to have insured, may form
themselves into corporation for mutual in
suIahce against loss or damage by fire or light
1niln9, oy complying with the following condi-
tlohs, namely. They shall sign articles of
0rganlzat1on, which shall be substantially in
the following form
The undersigned residents of the towns below
nnalheo, and owners of more than twenty-five
thousand dollars worth of property which we
desire TO insure, do hereby associate for the puT
pose OF forming mutual fire insurance corpora
!lon, 10 do such insurance in the towns of (here
insert the name of each town in which such
corporation proposes to do business, and the
names OF the counties in which they situated,
under the provisions of sections 1927 to 1941. in
elusive, OF the revised statutes of this state The
name OF such corporation shall be the -
give the name at length. The officers shall be
a board of directors of - Gnsert the num-
president, secretary and treasurer and such
others as may be provided for i'll the by
laws OF such corporation, and the Office
OF such corporation shall be in the
Town OF -, in the county of -. The fol-
lowing named persons shall constitute the first
board of directors, and shall hold their respect
sors are elected (here insert the names.
In witness whereof, we have hereunto sub
scr1oed our names, this - day of -, A.
D 1S-.
Such articles of organization shall be subscrib-
ed by at least twenty five persons, residents of
the towns therein named and who are owners of
at least twenty five thousand dollars worth of
property, which shall be insured by such cor
poration, and when so signed shall be filed and
recorded in the office of the county clerk of the
county in which the Office Of such corporation is
situated. q
such corporation shall at the same time be filed in
SAID Office, with the names of the officers of said
corporation, and thereupon the persons subscrib-
ing said articles, and such shall afterward be-
come insured thereby, shall be a corporation by
the name mentioned in said articles, with the
usual powers, and subject to the usual duties and
liabilities OF corporation for the purposes here
matter mentioned. The name of every such cor
poratlOn shall embrace the name of the town in
which the office of the corporation is located, but
III case any OF the towns embraced in such cor
porat1on shall adjOin city or village the office
thereof may be located in such city or village,
ana III such case the name shall embrace the
name OF one or more OF such adjoining towns.
And the subsequent division of the territory the
towns mentioned in the articles of organization
INTO new towns, shall not impair any power, duty
or Inability OF such corporation.
Section 2. Section 1881 of the revised statutes
as amended by chapter 1884, 1880, section 1,
chapter As 1851, chapter 1877, 1882, and section q
ehapter 49, 1883, is hereby amended SO as to read
as follows Section 1881. No such corporation
shall insure any property out of the town or
towns in which said corporation is located pro-
Vlded, that any such corporation at its annual
meeting may, by a majority vote of the members
present, authorize its directors to insure any
farm property or detached dwelling house a nd
contents III any adjoining town or towns, or in
any incorporated city or village which is located
In any adjoining towns in which such town in
surance corporation is located; provided, such
farm property or dwelling or contents shall be
detached at least one hundred feet from ex-
posure No such corporation shall insure any
property other than detached dwellings and
their contents farm buildings and their con-
tents, live stock in possession or running at
large, farm products premises and farming
implements; provided, that no loss of any live
stock insured by such corporation shall be
recoverable if occurring while such stock was
kept or confined in any building which such
corporation could not insure under this section
But such corporation, at its annual meeting, may
by majority of all the votes cast by its members
present. authorize its directors to insure country
stores and their contents, schoolhouses churches,
town and society halls. country hotels and water
mills, but such risks shall not exceed twenty
five hundred dollars in any one case
Section 3. Section 1888 OF the revised statutes,
as amended by chapter 4S, 1881, chapter 205,
1882, and chapter 16S, 1888, is hereby amended so
as to read as follows: Section 1898. The secretary
of every s4ch corporation shall annually pre-
pare Il statement showing its condition the
thirty first day of December, preceding it's an
nual meeting, which shall contain the names of
all persons then insured, the amount insured by
each policy, the whole number of policies issued,
the whole number then in force, the aggregate
amount then insured and the aggregate amount
of each class of insured property, the amount of
losses paid during the year, the whole amount
OF losses paid by the corporation since its or
ganiZatiOn, the whole amount insured since it's
organization the amount of losses sustained and
unpaid, If any, and all such other matters per-
tanning to the interest of such corporation as by
the bylaws he may be required to report upon.
The treasurer of every such corporation shall an
nually prepare statement 81 its financial con-
d1tlon on the thirty first day of December pre-
ceding its annual meeting, showing amount ON
hand January preceding, amount received dur
ing the year by premiums, amount received by
assessments Nos, amount received by any
other sources, amount paid for losses, amount
paid for expenses, detailed statement of every
Item OF expenses and amount of cash on hand
Such statements or so much thereof as said cor
poratlon at its annual meeting may, by resolu-
ton or otherwise, agree upon, shall be read to
the members OF such corporation at their annual
meeting, and enter at length upon the records
and within fifteen days after such annual meet
Ing shall be Sled in the Office of the county clerk
OF the county in which such corporation has its
othce and certain copies thereof transmitted to
the commissioner of insurance.
section f. Section 1910, of the revised statute
as amended by chapter 211 1880, and chapter TO-
1851, Is hereby amended SO as to read as FLOWS /:
section 1910. Any sueh corporation, and any
town insurance corporation, he<JtOfore organ
1zed and now existing under any law of this
state relating TO Town insurance corporations
may attach any adjoining town Or towns as part
OF It's territory, and IN which it may hereafter do
business provided, town or towns so attached to-
ge6her with those already within its Jurisdiction
shall not exceed twenty towns, except in cases
where all towns embraced by the corporation
snail be Within the same county. No town or
GOWNS shall be 80 attached except by a resolution
and until otherwise provided Dy law sucn terms
of court shall be held at such times as the circuit
Judge thereof shall de signate. The judge of said
court shall, after the passage and publication of
this act, give public notice of the time of hold
ing said terms of court by causing notice thereof
to be published in some newspaper printed in
said county of Forest at least six weeks prior to
the three weeks Immediately preceding the hold
ing of said first terms of court, and the county
board of said county shall provide place for
holding said court.
Section r. The said county of Forest shall
constitute part of the ninth congressional dis
trict, the first senate district, and with the coun
ties of Langlade and Oconto shall constitute an
assembly district.
Section Is. So much of all acts or parts of acts
as conflict with the provisions Of this chapter are
hereby repealed.
Section IA. The territory by this act detached
from Oconto county and attached to Forest county
shall remain part of the county of Oconto for
all purposes until April 1, 1856; and thereafter
shall constitute and be part of Forest county as
hereinbefore provided in this act.
Section Is. This act shall take effect and be In
force from and after its passage and publication.
Approved April IL 1885.
II Young Lady'S Advice