Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1891-06-04

mentaFy OF other proof. for the purpose Of OBJ
tsihthg membership il. or benefit from any such
CORPORATION, society, order OF association, for
a lili or ahy other person shalt be deemed
Sullts y mlsdemeanor. and upon conviction
thereof shall be fined In 3 sum not less than one
hundred 90 lars nor more than one thousand dol
ais or oe imprisoned in the county Jail not less
tnAh thfee months nor more than one wear or
both. In the discretion OF the court. and any Ger
slneSte o. membership 50 secured shall be Also
Section II. ANY corporation. society order n,
aSsoelaHon tfaEsacting business under the pro
visions or this act. may provide by bylaws for
she sVc1ma4atlon Of reserve or a guarantee
leha, Whleh may be invested. only in the corpOr-
sc nAhe OF he corporation society ord er or as
soclaIlon, IN nited States. state COUNT CITY or
Qthet lfst Class convertible bonds or securities
eueh mus; when 80 set apart and 30 invested
shali WIKI the Increase thereof belong ~ snrb
corporation. society order or association and
sha! oe used only to guarantee be.efts or he
applied IN payment Of future assessments or
osnerWlse nseu torthe promotion 81 the object or
ooJeets TOT which said funds are specially proyis
ca ana set apart. such guarantee or reserve
inha, or part thereof, may be deposited with the
stSle treasurer for the purpose OF securing GER
tAVate huidefS. and the state treasurer shall re-
celve ana hold in trust such bends stocks or n h.
Ct securleties as may be offered by am cornora.
non. society, order or association: and upOn an
phcatiOn give certificate receiptipp for aud
showing such deposit; every corporation soci.
ETY.. order or association cepositing such securi-
ties. shall have the right 10 receive the income
thtfeoi, ana 10 eNchanG the same from fius. -
time, and 10 withdraw the same whom il no long
or desires 70 MAINTAIN such deposit
eeetlon u. The commissioner Of insurance
snail, al the request OF any corporation society
order or association doing business nuder me
provisions Of this act make al examination Of
such corporation, society. order or association
and shall furnish a certificate OF the results OF
such examination, showing all its assets how ia.
vested, and such other particulars as may he
deemed necessary TO show the character and con.
dillon OF such corporation. society, order or asso
citation; and the necessary expence Of the said
examination shall be- paid by the corporation
society, order or association requesting the
same.
Section l3. All necessary expenses incurred
by the attorney general, and the commissioner OF
insurance in prosecuting violations of this act OF
mlsdemeanors under this act. shall be paid out
OF he general d. The said attorney general
and the commissions Of insurance shall certify
10 the secretary OF state that the expense. in
cured were actually necessary in the proseeu-
ton OF said sr.,s, whereupon It shall be tie duty
OF the secretary OF state TO draw his warrant up.
on the stste treasury for the same All fines and
fOrfeitures received under the provisions OF this
act, shall be Faid into the general fund
Section l4. Any person who shall falsely make
any sworn statement verified report ar deClara.
ton, under oath required OF authorized bv this
act shall on conviction thereof be punished by
imprisonment in the state prison not less than
one year, nor more than three years
Section 10. All acts and parts Of acts iucon-
sistent with the provisions Of this act are hereby
repealed.
Section i6. This act shall take effect and be in
force from and after its passage and publication
Approved April %. 1891