Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-01-23
4 NEW COMPANY.
FsrMsss Of Union ana Clay 0rEanise Z
Mataa1 lnsurance compony.

.fsrmsrs d Unioa asA Clay orsaslss .
Mataa1 l1saraacs compeny.
THE COURIER heretofore has mem
toned a few facts regarding the organ
izati0n Of . mutual insurance company,
haviog for It's territory Union and Clay
counties. The organization has been
fully perfected. II affords protection
against wind storms, cyclones and tor
nadoes only. A copy Of the articles Of
Incorporation, giving the names Of the
original in~cOrp0ratOrs IL printed below;
ARTICLES OF INCORPTION.
This corporation is organized under and BY
for the purpose OF mutual Insurance by its
members agxinst loss or damage by tornadoes,
ARTICLE 1.
NAMES OF TERRITORY.
The corporate name OF this association shall
pc Farmers Mutual Cyclone, Tornado and Wind
storm association, TO embrace 10 its territory
the counties Of Union and Clay, state Of South
Dakota.
ARTICLE II.
PRINCIPAL oFFIcs.
The principal place for transacting the busi.
ness Of she association shall be at the residence
or Office OF It's secretary.
ARTICLE Ill.
oBJKcr n HATURE OF BUSINESS
tn object OF this association Is TO mutually
insure. It's members axainat loss or damage BY
storms, In such manner . shall be set forth 10
Its bylaws.
ARTICLE Nv.
DURATION.
This association win continue for q period OF
ehirty CsQ years from the date Of these articles
. majority vote Of its members.
ARTICLE v.
POWERS.
This association assumes the rights, powers
aud privileges that are now or may be hereafter
conferred by law upon similar associations,
and ma sue or be sued, have \ common seal
and right OF perpetual succession.
ARTICLE vi.
DIRECTIONS. (,
Nine directors shall constitute q board to
manage the affairs Of the association, ana i've Of
whom shall constitute y quorum 10 transact
business. s9a the following persons. rs we'll as
K k, & s fsaIsso A. a. I ! Johnson TaSns ANDREW Martin
4; i To ksssse s. EeS Ro Peterson ! 4. f Jefferson
4 A. Il: s Xsss IS SKI Kiopstad A. &c &. olsen oI.on
+ Montague :; A: Omdahl Ole j Lykken
Ganea .n1f K"ss T y; "; a MI Hsrp T. 7 7. E se;s.s
Pat O'Connor.
Each being . resident OF the state OF south
Dakota. ard said Incorporation collectively
to the value OF one hundred and twelve thOue-
and i've hundred dollars t$ii2,7oO shall COM
p scss a s%c9 e, scss% u until r, ..slr successors IN Office
ARTICLE VII.
ELECTION OF OFFICERS.
There shall, be elected annually from the
board of directors one Of their members TO be
PRESIDENT, one OF their members to be vice
president, one Of their members to be treasurer,
and one Of their members to be secretary OF
the anne and the officers thus elected shah
serve for one year or until their SUCCESSORS are
elected and qualified and enter into the duties
| OF the office unless sooner removed by n two
thirds t2-3) vote Of said board. And at every
annual meeting hereafter Of the MON.
from from N said ii m sSatsrs; nine DIRE. directo sr'' 70 os see e;sct fer
one year; OF until their successors are elected
ARTICLE VIII.
POWERS ArD DUTIES or BoARDO OF lREcroR
The board Of directors shall have authority 70
enact 0y-iaws Snd regulations and rules and
ment and working OF the association to MI any
vacancy that may occur In the board or any
0sneT once 81 sne association until the next
nesting OF the members; to appoint agents; fix
upon al salaries and commissions to be paid ia
| MI employees Of the association and 10 re0uire
s SSsa fsi x sde ai. sa : y q sa si d %sk d i%poseS. a lSs
the accounting for the moneys received. shall
i have power to adjourn from time to time ~
| circumstances may reUuire and shall MAKE =
/ full and correct report Of their doinrx at escin,
annual meeting Of this assOciattOn.
ARrICIE N
.r,~c.
The horad NJ d,ra,to-s .hom ,,... ;. =. nj.
on the 9Th day OF January, 1895, and adopt BY
laws, rules and regulatiOns and make aIf necd
ful provisions for the business az the assscis
lion, and the regular annual meeting Of tn
sster SHi"nr~r."nt y En- IO.as I,nmc1lA!cly
Special meetings Of the board nav he callei 4,
the president and secretary thereOf: ut sucf
the secretary and Treasurer and examine nj
accOunts presented against the assOcIafiOD fn
payment.
ApTrrr y
n
ANNUAL MEETINGS OF MkMBkRs.
The annual meetinps of members of tho -.
ISOLATION for the election OF directors and ffS.
!ranSacslOn OF 0sher business thall be held W
1 Elm I OsA1s ON eslO HOCOuO N1UHu6y AIb6f tO8 0f8