Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1886-06-10
INSURANCE.
Articles Of Incorporation of the
Farmers Mutual Fire Insurance
Company of Audubon
County, Iowa.

4
Company, of audubon County, Iowa. and do
reby organize by adopting the following
articles of incorporation, 10 witt
ART. /, Said com Iany Is formed for the
purpose of e1fcting insurance upon all kinds
of farm buildings, aud also all other personal
property on premises, except threshing
machines Including grain in granary and crib
and no other, except us provided by section :
OF the bylaws, against loss or damage by fire
or lightning, No insurance shalt be taken
outside this county; its business shall be con
Quoted ON the mutual plan, aud il never shall
| become stock company.
ART. H. This Company / 20 have perpetual
succession for thirty ears, except ms provided
in article q, and assumes the rights. privileges
and liabilities provided 10y law for mutual fire
insurance to sue and be sued.
ART. Ill. All persons who shall insure ii
this company and SO long us they shall insure in
this Company. and comply With the conditions
set forth in this Corporation aud Bylaws
shall be, and are members, and, ma,
vote IN person ut any general election OF the
Company,
ART W. 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.. 1886
ART. vi. The officers OF this company, shat
be President Vice President, Secretary ant
Treasurer, and nine other directors, all OF
whom shall bc elected annually and shall serve
for one year or until their successors arr
elected and qualified,
ART. VII. Said officers shall constitute
board OF directors TO manage the affairs o.
the company, majority of whom shall con
sututc quorum.
ART. YIN. The first officers of this Com
pany shall be President, II. e. Carpenter
Vice President, Jacob Zeller; }. II. Cellar
Secretary; Z. Bicklehaupt, Treasurer
Directors; Il. O.. Carpenter, }. Zellcr j. C
overholtzer, }. H. Zeller, d. W. hendricks
W. ID. Wilson, X. Il. Gilbert and p, Bickelhaupt
ART. TX, The general election of director,
eleven In number shall be held annually, OF
the first saturday after the State annua
election at Viola Centre School House, yioli
township Notice of said election shall b'
given by the secretary posting up at least one
pr inted notice I'm every township where there
are fire policies issued. Said notice must b,
posted in public place near the polling place
of said township. In case an election shall MOI
be held at the stated time II shall be the duty
of the President to call special meeting. 81,
members shall constitute Il quorum. I'm
| mediatcly after the election of directors, tn,
directors shall elect from their number
| President, Vice President, secretary, ant
Treasurer.
duty of the executive committee to repair L
the place Of loss, and If practicable to make {
settlement with the party sustaining the loss
If they can not agree IL shall DC submitted Il
three disintCrvSted men MS arbitratOrs Whose
decision shall TIC final, each party to select one
arbitrator and the two thus chosen to select
the third
ART. Nj. After u loss has been ajusted ant
II is necessary 10 make an assessment II shall bt
| the duty of the Secretary to wlite to eacl
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. Tit
| Secretary ahall he allowed in making al
! assessment to add snCh sum to the actual los
| as in the Judgment OF the board of Director
| shall be necessary to delray the current eX
penses of the Company. 1t shall be the dut.
| of each member of the Company within thirty
| days after receiving such notice to pay to
| banking house in audubon us specified by thu
| Secretary's notice his or her amount assessed
If any person fails TO pay his or her assessment
within the time specified the Secretary shall
call on the delinquent in person for the coll
ection OF the same, together with twenty pei
cent for collection, or it may by civil suit b'
collected by the Secretary in behalf of the
company with said twenty per cent.
ART Kill Tho Treasurer shall, as soon ~
practicable, pay the amount due to the person
sustaining the loss, aud in no case wher,
| properly adjusted shall the loss remain I'm
paid after sixty days from date of adjustment
ART. XIII. The property, real and persona
of each member of this company shall b
| liable for the assessments made upon 1t.
ART. XIV. Any person Wishing TO withdraw
| from this company shall notify the Secretary
and if there is no loss pending at the time o.
notice, the with irawl will take Slfec on the
| fifth day after receiving the notice. But Il
| there has been a loss prior to receiving tn,
notice and IL is necessary to make an asessme n
| the withdrawal will take effect immediatel,
after paying his or her share of the loss The
Board of DircUtsrs shall have the power u
discontinue or retrenCh any policy.
ART. XIV. There shall be no more than one
thousand dollars Isl 100000 taken in any one
risk until the amount of property insured ex
ceeds one hundred and fifty thousand dollars
[Sl500O0,0Ol, and not over three thousand
dollars $1,000 CO.. on any risk, and in no ease
| TO exceed two thirds the cashsvalue, including
| the insurance OF other companies. In case OF
| Ipnhlp wi
| its prOportionate share OF twO-thirds of tho
| value of the property.
! ART, XVI. The board of directors shall hav,
authority to I'LL 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 Secretar,
and Treasurer shall give explicit statement of tn,
condition and finances Of the company.
ART. XIX. The executive committee, when tn,
board Is not in session, 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 o
the premises to the safety of the risk, and If salts
fed with the risk will be permitted to charge mem
beTship fee of fifty cents, and dollar policy fee
with two and ne.haf mills on the dollar for contin
| gent expenses all money to be cash pledges, III
| notes will be taken by this company.
ART XXI. This company shall insure by term
not exceed five years. when all policies will eXpr
at the time. unless otherwise ordered and shall
| not insure on the continual plan.
ART. XXIl. All insurance will take effect on tn
day the apple alton is approved. at ~ NJ, unless 9th
erwise ordered
BYLAWS.
ARTI 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 are 70
the best interests of the company and preserve sue
| papers of the company as may be necessary appoin
executive committee Ofthree out Of the Board Of D
rectors; and shall appoint all other committees
sary Duty of Vice President to act as President II
| absence of President
ART II. 1t shall be the duty Of the Secretary :
| keep record when each person becomes member
amount Of property insured, and when membershi
ceases and keep explicit account of all the proceed
ngs of the company, including the amount he pays 70
blanks. stationery, stamps etc. necessary for the bus
ness of the company receive all moneys due the CON
pany, and pay the same t. the Treasurer, taking hi
receipt therefor and perform such otherand all dutie
imposed by these bylaws or ordered by the Board
Directors. He shall at each annual meeting make
written report showing all tho transactions of til
company, and shall give bond to the President in tn
| sum of 81 600.
ART III. 1t shall be the duty Of the Treasurer /
keep correct account Of all the finances Of the
pany and pay out only by order of the President,
make an itemiZed statement in writing at each annu
| al meeting, and give to the President bond In tn
sum of 81 900, for the faithful discharge of his dut
| as Treasure.
| ART. ~ This company will not be liable for dam
ages cuused by fire originating from depositng by tn
| insured ashes or embers in wooden vessels. Ashe
| shall be taken up in metal or earthen vessel an
Kept in the cellar other safe place until cool
ed. In all of fire IL shall be the duty Of the
surcd to all possible diligence to and prescTy
the property If they shall neglect to do this
pany will not be liable TO pay or make good the los
| or damage sustained on account Of such neglect.
loss occurs from smoking with pipe cigar in barns
sfaIIa
or permitted by the insured, the company will not b
| responsible for such loss.
ART Y. II at any time member of the compan
| is repairing making additions TO the building in
| sured the company will carry only seventy five pc
cent Of the amount insured upon them until the Il
pairing or additions completed, and the shaving
are removed. Whenever said additions alteration
shall have been completed ii shall be the duty Of til
insured to obtain the approval OF the Secretary
Board Of Directors. II such approval shall not be oil
tanned aud the building burns the company will nc
| be responsible for the loss.
! ART. VI. II shall be the duty OF any member !
sustaining loss to render 10 the Secretary write
statement all the points desired by him relative
the fire and She ingumbrauce the premises sal
statement 10 Belyerih0d by AFFIDAVIT
! ART. VII. Regular meetings of the Boa,d shall b
held on the 18th of December, each year: and theI
| shall be mOCtiug Of the President Secretary an
/ Treasurer, nn the lsi dag Uf D,crmAcr. each yea
Each mcmJgT Of lhe board shall receive 81 pee day e
necessary time spent without mileage, Va performin
tho duties relative to his office.
| ART. VIII, The Secretary or General Agent sha
not take applications on any property in any recorde
town or village plat
L.. al, Al,