The clarion. [volume] (Jackson, Miss.) 1883-1888, 1886-03-24

surance procured under the provisions OF
this act, and pay to the Auditor at the time
of making such report q tax or one-tenih OF
one percent. on the Insurance. thus procnr-
cd, less tbe amount OF special privilege tax
paid under this act. for which the Auditor
shall allow credit only on the business OF
the year for which such license was issued
The agent on agents shall make oatn 10 tue
correctness OF said statement, and also 10
the fact that the insurance could not De- pro-
cured in companies that have made the de-
post and complied with the laws Of the
State. No sgent shall be required 20 place
in any one company more than I'VE per
cent. Of It's paid up capital, before ayailiog
himself of the privileges of this act
| SEo. 3 Be it fur, her enacted. That any
| person, firm or corporation owning proper
| ~ in This State may procure insurance on
| tie same in companies not authorized 10
transact business III this STATE by making
before tie chaneery clerk OF the county IN
which the property Is located, an atldaVlt
that the amount OF Insurance that should
be on such property cannot be obtained at
a reasonable rate in companies that have
complied with the laws of the State. SAID
affidavit shall be written en- the policy and
shall be follows, viz: Il certify ON oath
that this insurance could not be OBJ armed al
reasonable rate in any company authorized
} to do business in Mississippi" and shall
be signed BY the party. The clerk shall
: adm mister The oath and certify thereto. Al
! the same time he shall T. gister such policy,
) noting the name OF the party insured; the
5 kind aud location of the property; the
name of the c1mpary; The mount of in
D surance; the gross premium thereon ano
9 the dare and term thereof. which shall II
4 no case exceed one year. The clerk shal
d at the same time collect a tax OF oue-elghu
3 of one per cent. on the amount OF lnsaranc'
4 express In the policy, and may also col
d lect fee of fifteen cents which shall be II
F.,gI oil of In hkrr hi
W act. He shall, at the end OF each month
: pay to the lax collector the whole amour
81 OF tax collected and take duplicate receipt
tn | therefor; one on the register immediatel
= following statement of the months bus
10 ness; the other he shall forward TO tn
Auditor, who shall charge the amount
of the TAX collector. No person, firm or Co
Go poration shall procure policies or certif
90 Gates in blanS, 10 be filled for themselv'
ne or others, unless such person or firm hi
10 previously paid privilege taxes and pr
90 cured license as required by law. Al
b person Obtaining insurance in unauthC
90 ICED companies, who shall fail to have su,
re. policy registered as herein required or
ca pay the tax within FIVE days from the da
or Of such policy, shall be d,emei guilty of
III misdemeanor and fined in IA sum equal TO {
90 premium paid, and in case of lossunder al
or such policy nUi regis cred or upon which
ftv tax has not been pild, the ass ured shall K
Go felt To the Safe an amount equal to oil
nh ighth the amount of insurance, to be c.
N lected as other fines and forfeitu.es By u
90 court of competent jurisdiction.
req SEC 4. Be it further enacted, That loss
o. occurring under policies obtain ed under
YES prov, siOns OF this act. and upon which
ex- tax was paid at the time required, may
adius ed AS other losses, upon the payne
ing By the adjusting agent of Especial privilt
err tax OF fifty dollars annually, but ne ST.
Oh not be authorize by virtue of such pri
, o ege to adjust u less under any policy wi
90 the provisions o the law have not b,
lree computed with NO city or town 81
D o. assess or collect any additional sum on
her taxes provided tor in this act.
Jred SEC. D. BE 1t further enacted, That
one act to confer ceriaiu powers on the Bo
d 90 of Mayor aud Aldermen of the city
gate Nicksburg and other cities and towns
5 90 enable them to laise tdnd for the
are mems Charitable AssoicIat on, appro
O 90 March 9th, 1882, be so amended that poll'
w of obtained under the provisions of this
! 90 shall not be registered by the city cl'
,iols but the chancery clerk shall at the llm
adIv collecting th- State tax, collect one ~
ont tieth of one per cent. of the amouni
10 90 insurance in lieu OF one-fourth of one
ings cent. required by said act, and shall
X 90 the same over TO the firemen's Chart;
i'm; | Association al the end of each month.
70 90 forfeiture for failure to comply with
rrees act is hereby reduced fIom one fourt
w ohe-I" en- tleth Us tho 5tni'uh. VI i"S"i ."
each and said Firemens Charitable Associu
10 90 may collect and appropriate the same
iron enforce the claim In any court OF compe
Is 90 jurisdiction.
: oI SEC. o. Be it further enacted, That
,ents agent or officer of any company Iakin;
-tenr writing insurance in this Sta shall iss
bible policy or policies any one risk, inc
If no ing building and contents to an am
sold greater Than twenty per cent OF the pan
and unimpaired capital OF such com par
If tn SEC I. Be il further enacted, That
or ia person violating the provisions of thi
anty. shall be subject to all the pains and pc
a the ties prescribed by sec. 1856 of the Cod
ment 1851
war Approved March 18th, 1886