Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1886-06-17
INSURANCE.
Articles of Incorporation of the
Farmers Mutual Fire Insurance
Company of Audubon
County, Iowa.

and such ether persons ms may associate
themselves with us, do hereby associate our
selves together as mutual fire Insurance
company, which shall be known as The North
eastern Farmers Mutual sire insui ance
Company, Of audubon County, Iowa. and do
h reby organize by adopting the following
articles OF Incorporation, TO wit:
ART L. Said com amy Is formed for the
purpose of eftcting insurance upon all kinds
OF farm buildings, and also all other personal
property on premises, except threshing
machinesl including grain IN granary and crib,
and other, excerpt as provided by section
OF the bylaws, against loss or damage by fire
or lightning, No insurance shall be taken
outside this county; its business shall be con
Quoted on the mutual plan, and it never shall
become stock company.
ART. II. This Company is to have perpetual
in article 81, and assumes the rights privileges
and liabilities provided by law for mutual fire
insurance to sue ana be sued.
Arr. Ill. All persons who shall insure in
this company and so long as they shall insure in
| this Company, and comply With the conditions
! set forth in this Corporation and Bylaws,
shall be, and are members. and, may
vote in person at any general election OF the
| Company,
! ART ". The Office of the Secretary shall
! be located in Viola township, Audubon county,
! Iowa, and shall be the office of this Company.
! ART. V, The fiscal year of this company
shall begin on the first day of April, A. D., 1856
| ART. W. The officers OF this company, shall
! be President Vice President, Secretary and
| Treasurer, and nine other directors, all of
whom shall be elected annually and shall serve
! for one year or until their successors are
elected and qualified.
ART. VII. Said officers shall constitute u
| board of directors 10 manage the affairs of
the company, Il majority of whom shall con-
| stitute Il quorum.
ART. Nlll. The first officers of this Com
pany shall be President, r. c. Carpenter;
Vice President, Jacob Zeler; J. Il. Cellar,
Secretary; p, Bicklehaupt, Treasurer;
| Directors: K. c. Carpenter, }. Zeller, }. G.
OvCrholtzer j. II. ZeIer, d. W. hendricks,
| ". ID. Wilson, Il. 4. Gilbert and z, Bickclhaupt.
ART. TX, The general election of directors
eleven in number, shall be held annually, ON
the first saturday after the State annual
election at Viola entire School House, Viola
township Notice of said election shall be
given 10y the secretary posting up at least one
are fire policies issued. Said notice must be
posted in public place neac the polling place
be held at the stated time it shall be- the duty
| of the President TO call special meeting. SIX
members shall constitute Il quorum. I'm
mediately after the election of directors, the
directors shall elect from their number a
President, Wee President, secretary, and
Treasurer
ART. X. When loss occurs it shall be the
duty of the executive committee TO repair to
the place Of loss, and il practicable to make Il
settlement with the party sustaining the loss.
Ifthey can not agree it shall be submitted to
three disnterested men us arbitrator whose
decision shall be final, each party to select one
arbitrator and the two thus chosen To select
the third
ART. Xl. After loss has been ajusted and
IL is necessary 10 make an assessment II shall DC
the duty of the Secretary to wlite TO each
member and notify lin or her of the name OF
the loser, the amount OF loss and the amount
OF his or her proportion Of the assessment. The
Secretary ahail be allowed i'll making an
assessment to add Snch sum to the actual loss
as in the Judgment OF the board of directors
shall be necessary to detray the current eX'
penses of the company. 1t shall be the duty
of each member of the Company within thirty
days after receiving such notice to pay TO
banking house in Audubon as specitied by the
Secretary notice his or her amount assessed
If any person fails to pay his or her assessment
within the time specified the @ecretary shall
call on the delinquent in person for the coll
ection OF the same, together with twenty per
cent for collection, or it may by civil suit be
collected by the Secretary in behalf of the
company with said twenty per cent.
ART. XII. The Treasurer shall, as soon as
practicable, pay the amount due to the person
sustaining the loss, aud in no case where
properly adjusted shall the loss remain un
paid after sixty days from date of adjustment
ART. XIII. The property, real and personal
of each member of this company shall be
liable for the assessments made upon II.
ART. XIV. Any person wishing to withdraw
from this company shall notify the Secretary
aud if there Is no loss pending at the time OF
notice, the with lrawl will take stfecl on the
there has been loss prior TO receiving the
notice and ii is necessary TO make an assessment
the withdrawal will take effect Immediately
after paying his or her share of the loss. The
) Board of Dircctsrs shall have the power tC
discontinue or retrench any policy
ART. XIV. There shall be no more than one
thousand dollars 81 100000 taken in any one
risk until the amount of property insured ex-
ceeds one hundred and fifty thousand dollars
| $50, 100000, and not over three Thousand
dollars 5000 .00) on any risk, and in no case
to exceed two thirds the oashSvalue including
the insurance of other companies. In case OF
double insurance this company will pay only
its prOportionate share OF twO-thrds of the
value of the property,
I ART, XVI The board OF directors shall have
authority to fill all vacancies, pass bylaws fol-
the management and efficient working of the
company, any of which may be attested or re
pcaled at any annual meeting.
ART. XVII. The company shall not do busine;
beyond the limits of Audubon county.
ART. XvIII At the annual meeting the Secretary
and Treasurer shall give explicit statement Of tn,
condition and finances of the company.
e ART. XIX The executive committee, when tn
board is not in session may execute all the power
and privileges vested in the company except In
provided for in the bylaws, or otherwise.
ART. Xxx. When any person wishes to Join tn
company he or she may apply to the Secretary o
General Agent, who must make personal survey 0
the premises to the safety OF the risk and if salts
fed with the risk will be permitted to charge mem
bership fee of fifty cents, and one dollar policy ZEE
with two and one half mills on the dollar for con n
- gent expenses; all money to be cash or pledges, n
notes will be taken by this company
ART. Xxi. This company shall insure by term
not to exceed five years, when all policies will expr
at the same time, unless otherwise ordered and shall
not insure the continual plan
ART XIII. All insurance will take effect on tn
day the apple is approved at y NJ, unless 9th
= erwise ordered,
: BYLAWS.
ART 1t shall be the duty of the President to pre-
side at all meetings. sign all necessary orders app
cations and policies it. in his judgment, they 70
the best interests of the company and preserve sue
papers of the company may be necessary; appolh
executive committee three out OF the Board Of ID
rectors; and shall appoint all other committees
:, sary. Duty of Vice President to act President ii
absence of President.
= ART. II. 1t shall be the duty of the Secretary
keep record when each person becomes a member
. amount Of property insured, and when membershi
ceases and keep explicit account of all the proceed
ings of the company including the amOuns he pa. 70
blanks. stationery stamps, etc. necessary for he bus
Of the company; receive all moneys due the con
!, pany and pay the same t. the Treasurer taking hi
rectpt therefor and perform such Othe and all dutie
imposed by these bylaws, or ordered by the Board
Directors. lie shall at each annual meeting make
written report showing all the transactions of tn
company and shall give bond to the President in tn
sum ofSlO 900.
ART III. 1t shall be the duty of the Treasurer I
keep correct account of all the finances Of the COR
pany, and pay out only by order of the Pre- dent an
make itemized statement in writing at each annt
al meeting. and give to the President bond in tn
sum ofSl 900 for the faithful discharge of his dut
as Treasurer.
ARF.IY. This company will not be liable for dan
ages cuused by fire originating from depositing by tn
70 insured ashes or embers In wooden vessels Asht
shall he taken up in metal or earthen vessel an
- kept in the cellar other safe until coo
ed In all cases of fire it shall be the duty Of the IN
sured TO use all possible diligence to presery
the property II they shall neglect to do this con
pany will not be liable to pay or M g good the los
or damage sustained on aGcorpt Of s2Cl neglect.
loss occurs from smoking with pipe or cigar in barn
kranaries stock yards or adjacent thereto If above
= or permitted by the insured, the company will not
responsible for such loss.
ART. V. If at any time member Of the compan
is rensiri. or making additions to the building II
sured the company will carry only seventy'hy pt
cent Of the amount insured upon them until the r
pairing or additions completed, and the shaving
are removed. Whenever said additions or alteration
shall have been completed 1t shall be the duty OF III
insured to obtain the approval OF the Secretary
Board of Directors II such approval shall not be oil
tanned and the building burns the company VIII NJ
be responsible for the loss,
ART. VI. II shall be the duty OF any member
sustaining loss TO render TO the Secretary write
statement on all the points desired by him relative
If the fire and the incumbrance the premises; sal
statement to bdyerifed by affidavit,
ART VII. Regular meetings of the Board shall |
held on the 10Th of December, each year and thel