The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-04-29
OF NEW JERSEY.
RY HoR

Lib VI NEW JEnDEl.
(BY AUTHORITY
CHAPTER CCXvII.-(Continued).
take advantage Of the provisions of this
act. and put and keep the same N
operation in such city. such board Or
body ordering the contract work herein
authorized shall pass a resolution. in.
Guiding therein an itemized statement of
the cost of advertising done as herein
herein mentioned, and which may have
been necessarily incurred to carry out
the provisions of this, act, which state.
said cost as before referred to. which
represents any amount placed. upon the
city at large by reason OF the assess,
ments on property specially penentted
by the Improvement not equall.ng the
cost of the Improvement, and shall for
ward such resolution and statement to
the board or body in such city having
such last-named board or body shall
borrow such sum or sums OF money so
included IN such resolution and state
of taxes to be thereafter levied, and to
issue evidences of indebtedness therefor
at a rate of interest not exceeding five
a aa5 f monsy b psr aaaum as aforssasa shall andi
be met n paid by an appropriation
to that board having borrowed the
money as aI~ofesatq, the same 70 pe
10 he levied in any such city.
9. And be it enacted, hat this act shall
take effect immediately
Approved March 81. 1895.
CHAPTER CCxVIII.
A Supplement to an act entitled al
act to provide for the regulation and
incorporation of insurance companies"
approved April ninth, one thousand
eight hundred and seyenty-five.
eral Assembly Of the State of New Jer-
sey, That any insurance company not
organized under the laws of this state
Or territory Of the United States or
FOR the purpose of insuring the lives of
Nsn,estic animals upon the mutual or
0ints osye assessment plan, may be
water VIII menursaet business in this
trs t;Anitsn= rr afhAp fha teommn sass1lfoneg 81 of IN IN
s~urance of this state as heretofore pro-
idatson shall furnish to the commits
sipner of insurance of this state salts
factory evidence that such company has
bona fide insurance in force among its
members to the amount of mt less than
three thousand dollars and shall fur
nishA to the commissioner of insurance
Of this state a certified copy of its ar
bylaws, together with a sworn state
ineat of its business of the preceding
giving in detail the same forma-
Ion Us - T6QutESd Dy ANNUAL statement
Of like corporations organized under the
laws of this commemorative, together
with a opy of its. certificate or policy
and certificates under oath of its pres
and secretary that it has in force
policies of insurance on which the pro-
eeeds of one assessment not exceeding
in amount n and .one-half per cen-
pay the highest amount insured Upon
the life of each animal for which the
assessment is levied: the full amount
agreed one to sp be Paa and pp tbst the death nas,S Of +
and for the twelve months preceding
has paid, the highest amount named
r. ri, Its policies o. certificates n
association shall also appoint some
citizen and resident of this state its APP
eo oney upon whom al process against
served, n shall also agree that such
service may be made upon the commits
sioner of insurance of this state, Who
pose, and shall file with the commissioner
of insurance for this state a certified
copy of resolution adopted at a special
r~ectcrs of the corporation r association
authorizing the appointment of such at
torney; arlc.. such agent or commissioner
OF. the corporation or association a GER
titled copy Of the process thuss served;
such foreign eorporation or association
Of insurance of this state a certificate
from the Insurance department, If any,
Of its home state or territory Of the
or foreign country, that It IS Authorized
to do business in such home state or
territory Of the United States, or Dis
3. And be it enacted, That upon COM
pliance With the provisions of the pre-
ced1ng section and the payment to the
the state a fee of one hundred collars,
he shall issue to the corporation or as.
ISOLATION SO complying, a certificate Of
mcnweaIth for a period of one veal from
the first day of January of the year of
its issue unless the same be sooner re-
8. And be it enacted, That no person
shall, within this state, act as agent.
solicitor, officer, trustee Or otherwise in
Iivs stoek ; Gr paOeer1ng any ap ae=sessment i Of
cooperative corporation or association,
and no person shall collect. receive or re-
init n money or assessment or other
wise for any company not authorized to
do business in this state. and any per-
son who shall violate any of the pro-
visins of this section shall be deemed
guilty Of a -misdemeanor and upon con-
viction thereof shall, for each offense, be
punished by a fine not exceeding five
hundred dollars and cost of prosecution
not to exceed three months, or both
such fine and imprisonment in the discre-
ton of the court.
4. AND De IL euacIeq, lnat the Dust
ness year of every corporation or assccia-
ton doing business in this state under
and by virtue of the provisions of this act
shall close On the thirty-irst day of De-
cember in each yea, n every sue cor
poration or association shall within sixty
days thereafter prepare, under oath of
the president and secretary, and file In
the Office of the commissioner of insur-
ance of this state a detailed statement,
showing its assets. how invested, la
bilities, receipts from assessments and OF
other sources, and an itemized account Of
all expenditures, amount Of policies or
certificates in force, death losses and
benefits paid. death losses reported, but
not paid, death losses reported; but not
paid, death losses contested, and it still
has in force among among its members
policies or certificates In force, death
losses contested, and u still has in force
to the amount as required by section one
Of this act. and shall answer sue other
other questions as the commissioner, who
shall furnish blanks for thespurposes may
require, In order to ascertain Its true
financial condition, and the commissioner
1T any time make or cause to be