Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-07-29

association examined and the expense Of sucn
examination and publication shall bs paid t0
such association, but nhall not exceed nfty
dollars por year.
SEQ. II. II ~ shall appear 10 ths assurance
commissioner from any examination made BY
him or from any report mado ~ horein re-
quired, that such association In violating ~
charter OF tho law or. that 10 In conducting
It's business I'm nn unsafe. unauthorized OF dts
honest manner, no shall. by an order under
his hand addressed 10 such association, direce
such association to discontinue such unsafe
o. illegal PRACTICES and 10 conform with the
requirements of its charter aud tho law, and
Whenever such association shall refuse OF neg
lect 10 comply with such order as aforesaid,
or 70 hle the reports herein required, or shall
fail to pay any final judgment recovered
against 10 In any court of this state within
sixty days after the rendition thereof, or To
pay the fees or forfeituresx or 10 do any other
act required under the provisions hereof, tho
insurance commissioner shall thorOupon give
notice 10 such association 20 show cause why
It's right To do business should not DO sus-
pended, by deposting such notice I'm tho gem
eral post Office In the city of Providence pre-
paid, addressed 10 such association at tho
town or city In this state, where 10 IL reauir-
ed by its charter To have an Office or place Of
business; and II 10 shall appear TO thesinsur-
ance commissioner, after giving such associa.
ton an opportunity 10 bc heard IA aforesaid,
thht ~ " III an lnsOiVent cOnultiOn ViO-
lating the law, he shall give notice 20 such as
sociation that IL IN no longer authorized TO do
business, by depositing such notice In the
post Office addressed TO such association AZ
herein provided: Provided. that any such as
sociation not In insolvent condition shall
be authorized by the insurance commissioner
TO resume its business upon full performance
OF Its duties and compliance with the provi-
sions OF this act, and presentation to the nsur-
ance commissioner Of satisfactory proof OF tho
same. Any such association aggrieved by any
such order OF suspension may appeal within
thirty days from the time 10 In notified M
Aforesaid OF such suspension, to the appellate
division OF tho supreme court for the county
OF Providence Said division shall proceed AZ
soon as may be 10 hear such appeal after the
manner Of equitable causes, and II such appel
liant shall show TO the satisfaction OF said
court that 10 IN entitled under the provisions
OF this act TO be allowed to do business, said
court shall sustain said appeal, and shall VA
cate such order OF the insurance commission
CT, or upon failure TO show error In the action
or the Insurance commissioner shall affirm
such order. After any such association shall
be suspended from doing business az aforo-
said, the Insurance commissioner shall cause
notice thereof To be published In one or morg
newspapers In this state for the period Of two
weeks.
SEC. Is. After the right Of any such associa-
ton 10 do business shall be suspended az pro-
yided in the preceding section, any such asso-
citation affected thereby shall cease TO have
any right TO continue it's business. except for
the purpose OF winding up the affairs OF tho
association, and any officer, director or agent
OF such association thereafter selling shares Of
such association, OF soliciting business for
such association, shall be guilty OF misde-
meanor, and upon conviction thereof shall be
fined not less than one hundred dollars or
more than one thousand dollars for each Of
fense.
SEC. 10. This act shall take effect from and
after its passage.
I certify the forepoing Tn ne true copies.
Attest: CHARLES l.. BENNETT,
Secretary OF state.