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

No 33l. A. Published May a. 1891
CHAPTER 296.
AIN ACT to amend chapter 305. OF the laws Of
jlsS7 relating to the organization of local in
fsnrance companies in the cities and villages
yof this state, aud chapter 2ii, of the laws of
<lSs9. amendatory thereof
THE people of the state OF Wisconsin, represent
ed in senate and assembly. do enact as fol-
! lows
! Section I. Section /, Of chapter 3O5, of the
laws OF 1887 is hereby amended by striking out
K the words nor more than nlne," wherever they
aoccur in said section, and by inserting after the
lwords Ito such insurance in the city above
named under the provisions Of chapter - Of
She laws of 1885, the words land the laws
aAnendatory thereof" and by inserting after the
w6. is land at the same time or within thirty
DAYS thereafter a copy of the, the words CON
stihuton and" so that the same shall read az
follows Sectionl. Any number of persons not
lesls than twenty-five residing in any city Of cit
les. or villages, incorporated or unncorporat ed,
in the same county, who effectively, shall own
property OF not less than twenty-five thousand
Dollars in value which they desire to have insur
Jed, may form themselves into corporation for
Imutual insurance against loss or damage by fire
lor lightning, by complying with The following
conditions, namely: They shall sign articles of
Reorganization, which shall be substantially in
the following form: The undersigned, all
resident of the city off,. -, cit
Mes villages of $500. :. or the county
&9f. ... and state of Wisconsin, and
fDwners OF at least twenty-five thousand dollars
" 1rth of property. which we desire TO insure, do
thereby associate for the purpose of forming
insurance corporation. 10 10 suCu III
suranee in any city or cities, or villages. IN the
same county above named, under the provisions
of chapter -. of the laws of 1887 and the laws
4 amendatory thereof. The name of such corpora
ton shall be the (here insert corporate name in
fulD. The officers thereof shall be a boarl of
kdrectOTs of 49,. Gnsert the number which
hall be not less than fve), president secretary
knd treasurer, and such Others as may De provid-
~ for in the bylaws of such corporation; and
He Office of such corporation shall be in any one
Tity or village in the county aforesaid, designat-
I'D by the directors. The following named per
k7ons shall constitute the first board of directors
and shall hold their re- pectIve offices until the
Grst annual meeting following the date of these
there insert names OF first board of directors).
n witness whereof. we have hereunto subscribed
Il ur names, this day Of. 49,, A. D. 49,.
Much article shall be subscribed by at least TWEEN
I Ay-hye persons. residents OF the city village
thSarein named, all adults, and who collectively,
ard owners OF at least twenty five thousand dol
larsf worth or property, which shall be insured
ay kkuGh corporation and, when so signed. shall
De He'd and recorded in the Office of the clerk of
suehf city or village or IN case of county compa
MES yin the Office OF the register Of deeds q said
CONT ~. and at the same time, within thirty
days thereafter, copy Of the constitution and
by-la Tvs Of such corporation with the names Of
it Officers shall be filed in sad Office and there
npoul the persons subscribing said articles. and
euCtf a. shall afterwards become insured thereby
shalA be corporation by the name mentioned In
said articles. with the usual powers. and subject
30 the usual duties and liabilities Of corpora
-lon, for the purposes hereinafter mentioned
VIE name Of such corporation shall embrace the
name OF the city or village in which the same -
COATED.