The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1886-02-05
Mutual Fire Insurance Company
in Hartford County.
MEETING OF MEMBERS.
Proposed Changes in the Constitution.
An Important and Interesting Meeting.

Proposed Changes in the Constitution.
An Important and Interesting Meeting.
An adjourned meeting of the members of the
county was held in the Court House, on Monday,
February LIST. Mr.. John Moores presided with
Il. w. Baker, Secretary.
Mr.. Geo. l.. VanBibber, on behalf of the chair
man OF the committee appointed TO take into
consideration the present business methods of
the company, reported that the books used and
the manner OF keeping the accounts of the COM
pany are about the same to-day as they were
Nucn lno COMPANY was oIRdnlleu more than lorty
years ago. The insurance business has under
gone great changes and made great progress dur
ing that period, and it Is desirable that our COM
pany should keep abreast of the times, and get
out of antiquated ruts as soon are fully
satisfied they are Anticipated. The committee,
at the same time, did NOT think changes All .,uld
be made simply for the purpose of making
change, and not until after full examination 1t
is ascertained beyond question that the change is
for the better.
The committee recommended that competent
expert insurance bookkeeper be employed, who
this subject full investigation and make such
recommendations as their experience in such
matters would suggest
The committee also reported that they cxamin-
ed the forms of application for insurance used by
this company, comparing them with the forms
used by other companies, and deem that change
is imperattvely demanded. The application
should be much more full and explicit than
that now used. The committee had not prepared
more fully at a future meeting.
The report was accepted and the committee
s spreast of Of Messrs Henry D.
Mr.. S. A. Williams. chairman of the committee
appointed to report such amendments TO The Con-
9 ds sssR was
Harlan, Geo. Il. Silver, VIM. Webster, j. NJ.
Street,, Edwin Scott and others Joined.
The NTH section was most earnestly discussed.
directors on hp
day before the expiration of the sixty days of
grace and settle for the amounts of insurance
received by them, and that the Secretary shall
notify all who are not then reported as having
paid their premiums, that their policies are sus-
pended.
Some OF the members thought that IL premiums
were paid to directors and members were after
wards notified that their policies were suspended,
it would create great dissatisfaction and some
might draw out OF the company.
1t was argued by the committee that the COM
pany should put itself in such condition that on
the last day of grace it might be ascertaned at
the home office who had and who had not paid
the interest due on their premium notes. This
II was stated, would add greatly to the value of
sons who hold such securities must pay the pre-
MUM to keep the policy in force, AMI it may be
afterwards ascertained that the premium had
been paid to director.
After the discussion had proceeded to some
length Mr.. Harlan moved that the 60 days of
grace for the payment of interest be abolished.
The motion was seconded by Mr.. Edwin Scott.
of Baltimore county but was rejected.
MI brati0n moved TO amend the 9th section,
chat the director meet and report on the first
business day after the expiration of the days of
grace. The motion was lost.
The 9th section being put upon its PASSAGE tho
chairman declared it lost, but a division being
allied for it was adopted by ayes rs, noes 1G
On motion of Mr.. J. Frank Reasin, the report
OF the committee was adopted as whole. 1t is
as follows:
BEL AIR, Feb. 1st 1886.
The undersigned committee, appointed by the
members of the Mutual Fire Insurance Company
in Hartford county, to report such necessary
amendments To the constitution and bylaws of
this company as seem to be required resuect-
fully report that they have carefully considered
the subject of changes suggested in the charter,
constitution and bylaws Of said company, and
recommend that the same be amended so far as
may be nece ssary to bring about the following
changes in the methods of said company
/. That the form of application to be used shall
require each applicant for insurance to answer
such interrogatories as may be necessary to give
the Board of Directors of the company full and
accurate information as to the character, value,
condition and Location of the property sought to
be insured, and that such application be referred
to in and made a part of the policy.
2. That each annual report of the company 8
business and financial condition made by The
Board to the members, be referred to committee
of the members. which committee shall have au-
thority, If they deem fit, to employ an insurance
expert and accountant, to examine the same and
investigate the condition of the company.
g. That risks be taken and policies issued for
any period of time not exceeding five years.
4. That personal property be insured without
requiring the building where the same may be to
be insured in this company, and without requir-
ing the owner of such building to sign the appi-
cant note.
5. That meeting of the Board of Directors
shall be held in each year on the day before the
expiration of the sixty days of grace allowed, at
which meeting each director shall return to the
Secretary a statement of all money received by
him for the company since his last report, and
upon the day succeeding the expiration of such
grace, the Secretary shall deliver or mail notice
to each delinquent member, of the suspension of
his policy, and the amount necessary to reinstate
it,
6. That the Board of Directors be authorized
to employ such agent or agents as they may deem
necessary to facilitate, increase and make more
uniform the business of the company, such agent
or agents to have, in taking risks, making in
surance and receiving premiums all the powers
of Director. and to give the same character of
bond.
Z. That these suggestions so far as approved
by the members, be referred to the company's
counsel, with instructions to report as hereinafter
mentioned, by as early day as practicable, such
amendment to the charter constitution, or
such bylaws as may be necessary to bring about
the changes desired.
That il legislation be deemed necessary, he
shall deliver draft of the proposed act of assem-
bly, to a committee to be named by this meeting
TO secure such legislation and that II the consti
tuition or bylaws should be changed, he shall re-
port the proposed amendments to general meet
ing OF this company, to be held on the I'd Monday
in April next, at IL o'clock, A. M, to which date
this meeting shall adjourn, and that the Presi-
dent of the company be instructed to give the
necessary notice of such meeting.
(Signed,)
WIN. YOUNG, j. NJ STREET.
GEO. Il. SILVER, s. A. WILLIAMS
w. II. HARLAN, JOHN MooREs
Messrs. VIM. II. Harlan, Nathan Grafton and
Williams were appointed committee TO Sc
cure such legislation as may be deemed necessary
to carry out the provisions of the report as adopt
ed.
The meetinp adjourned until Nondav Anil