Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1891-05-28

section 2 Unless otherwise provided by the
constitution and bylaws. the directors, subse
ouent 70 the first board. shall be chosen by bal
lot AZ the animal meeting OF the corporation
which shall De held on the second Monday Of Jan
uary OF each year, unless some other day be
fixed for such annual meeting BY majority OF
the vorers OF such corporation. aud every person
insured BY such corporation shall have one vote
a. such election ard the transaction OF all other
business except as otheF~lse provided oy law,
may be determined viva vece or by ballot. as such
corporation may, by its bylaws or other rules and
regulations prescribe. but no person shall vote
by proxy. except women.
Section 8. Section 3. of SEQ act. is hereby
amended by adding the weeds ''un.css otherwise
provided for by the constitution and bylaws"
So that said se;tion. when so amended. shall
read as follows: section 3. Unless otherwise
provided for by the constitution and by-lsws. the
directors. except those constituting the drst
board. whose term Of Office shall be as defined IN
the articles OF incorporation shall hold their OH
ces for one year and until their successors are
elected. They shall choose one OF their number
president and ore vice presi lent, and secretary
and treasurer. and shall keep record Of all
their proceedings, in book kept for that pur-
pose. together with the names and places Of
residence % all persons insur "a and the amount
for which each Is insured. which shall be kept
open for inspection Of all members OF such cor
poratlon, at the Office of said company, from the
hour Of nine O'Clock in the forenoon to four
O'Clock in the afternoon of such days Of each
week as may be determined by the annual meet
ing OF such corporation.
Section T. Section of said act is hereby
amended by striking out he words mot less
than five thousand dollars so that said section
when amended shall read as follows: section
4. The treasurer before entering upon the duties
OF his Office shall execute to such corporation,
and file with the secretary, Il bond conditioned
for the faithful discharge OF the duties Of his
office. with two or more sureties. in such sum as
the directors may order, such bond and sureties
10 be approved by the president and majority
Of the directors
Section 5 Section s. of said act is hereby
amended nv striking the xgord sfdptacnpa. -
and the Words hereinafter provided and in
inserting therefor the words. may be provided,
IN the constitution or bylaws, said section
when so amended shall read as follows: Section
3. No such corporation shall insure any proper
~ out of the city or village, in which said corpo
ration is located, except that by resolution
adopted by majority of the members OF said
corporation at ary annual meeting. may vote TO
insure in other iilsges and cities of the county
in which said corporation Is located, and also In
cities and villages OF one adjoining county; and
no such corporation shall insure any property
other than dwellings barns. stables. and sheds,
and the contents of such buildings, except as
may be provided in the constitution or bylaws;
bnt in no case shall the amount insured exceed
two thousand dollars on any one risk.
Section =. Section =, Of said act, is hereby re-
pealed
Section T. Section Z, Of said act Is hereby
amended by adding the wOrcs. constitution
aud, so that said section when amended.
shall read as follows: Section Z Subject Is She
restrictions contained in this chapter the board
u directors may issue pOlClGS OF tueuEdutt.
signed by the president and secretary, agreeing
on the name of the corporation. TO pay the insur
ed ali loss or damage of and to the property mem
toned ard described therein to the amount
named d rein which may be occasoned by
fire or lightning, within the period named in said
policy, which in no case, shall be more than
three years, and providing for such conditions
OF insurance as may be determined by the constl-
tuiOn and bylaws of such corporation. or by the
resolutions of its annual meeting; and the sal
board of directors, or the corporation may class
fly the property insured at the time of issning
policies thereon, under different rates. cores
pondlng as may be. to the greater or less
risk from fire and loss from which may attach to
the several buildings or property insured. The
board OF directors, however, may delegate such
authorite a committee of not less than three,
at least Two of whom shall be directors.
Section s. Section s, of said act Is hereby
amended by striking out all of said section after
the words, "Section g. Every person to whom
any such policy is issued, shall be deemed a
member of such corporation. while such policy
is in force,' and inserting in lieu thereof, the
following: And II shall be lawful for SUCH cor
porAtion to require the payment of such initia-
tiOn fees and dues, TO make assessments upon
its members and enforce the collection thereof,
as circumstances may require, and may be
specified in its constitution and bylaws, or fixed
by resolution. and the members thereof shall
be subject TO such other duties may be pres
cribed by the bylaws of such corporation so
that said section when so amended shall read as
fol. ows. "Sectiou s. Every person to whom
any such policy is Issued shall be deemed n
member of such corporation, while such policy
Is in force. and it shall be lawful for suCh cor
poration to require the paymens of such imitation
fees and duties. to make assessments upon its
members and enforce the collection thereof, as
circumstances may require, and as may be spec
flied in its constitution and bylaws, or fixed by
resolution, and the members thereof shall be
subject to such other duties as may be prescribed
by the bylaws of such corporation"
Sectisn 9. Section of said act Is HEREBY
amended by adding the words '-unless otherwise
DrOVidpd nv the cOnFt itutiOD nv - and nv
striking out all the following of said section
to-wit; The said committee of reference shall
each be allowed the sum of two dollars per day,
for each day g service so rendered, which shall
be paid by the claimant. unless the award of
said committee shall exceed the sum found just
ly due by he committee herein first provided
for, in liquidation of such loss or damage, in
which case snch expense shall be paid by the
corporations so that said section 8. when so
amended, shall read as follows: "Section g.
Unless otherwise provided by the constitution or
bylaws, every member Of such corporation who
may sustain loss or damage by fire or lightning
shall Immediately notify the president of such
corporation or in his absence the vice president,
or in the absence Of both, the secretary thereof.
who shall forthwith convene the directors Of
| said corporation. whose duty il shall bC to APP
| point committee of not less than three nor
more than five members of such corporation: ex-
cept in case the loss is supposed to be less than
| three hundred dollars. in which case the presi-
dent, or in his absence the vice-president and
secretary Tlay apo mt such committee to ascer-
yided, that the board of directors may appoint
committee of not less than three memb ers of the
corporation for the adjustment of all loses that
may occur during the year, and in case of inabil-
| ity of the parties to agree upon the amounts of
such loss OF damage, the claiment, may appoint
one dsinterested person on his part and upon
receiving notice from such claimant OF such ap-
pointment, the president, or in his absence, the
vice-president of the corporation, snail forthwith
proceed 20 appoint third person who shall be
disinterested, and the three persons so appoint
ed shall constitute committee of reference,
who shall have authority to examine witnesses
and to determine all matters in dispute, and
who, within thirty days after their appointment,
shall make their award to said corpol alton. and
file the same with the secretary thereof which
award shall be final"
Section 10. Section 10 Of said act shall
be amended by adding the words "unless other.
wise provided by the constitution or bylaws, y
so that said section when so amended shall read
as follows: section 10. Whenever the amount
of any loss ascertained shall exceed the
amount of the cash finds of the corporation
unless otherwise provided by the constitution or
bylaws, the president, or in his absence the
vice president shall convene the board of direct
ors who shall make Sn assessment upon all prep
erty insured by such corporation, in proportion
to the amount thereof, and the rate under which
il may have been classified, sufficient at least to
pay such loss; provided however, taat such
hoard of diractars shall ha authorized saas