Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1897-04-01

is''o PfoNiaos tudt Uu6 EXPENSE OF pur-
chasing the ground shall be taken out
% the appropriation and that ground
shall be procured by deed Of convey !.
Hnce and held by the superintendents
'ot tne respective counties IN trust for
the use OF the State. The bill is cal
culateu to prevent unjust and indis-
criminate debts which might be con-
tracted by tho school commissioners and
the property sold FROM the State. 1t
also provides that in case Of abandon
ment OF cite, the site shall be sold
and the proceeds shall revert back 10
the fund for the county.
Representative Short gave notice OF
q bill substituting tho collector Of
oyster rayenue for the clerk of the peace
III issuing licenses 10 persons engaged
in the business OF opening oysters for
Expectation, and stipuating that it
shall DO the duty at the collector Of
Licenses to pay the money over to the
State treasurer (after deduoting two
per cent as his fee for collocting)
within 30 days after receiving ii. the
money TO DO for the Use Of the State.
Representative l.. S. Hopkins gave
notice of bill renewing the charter OF
the Black Swamp Ditch Co., Kent
county corporation.
Representative Donaldson gave nntice
OF bill amending the charter Of the
Wilmington Fountain Society so as to
permit the society to maintain foun-
tains and Watering troughs for man
kind and beast, on the public roads
leading to Wilmington, and empower
lug the society to build real estate aud
personal property which may be given
to it.
Tho House passed Mr. Cheairs' bill
| TO change the time OF electing school
commissioners In Franklin School dis
trict. No. 81, in Red Lion hundred,
New Castle county, from the third Sat.
urday in June to the first Saturday in
April.
a bill amending the charter Of the
Wilmington q 8randywine Springs
Railway Co., extending the time OF
completion to January lat, 1893, passed
| the Senate and was read twice in the
House, under suspension OF rules The
company asked the privilege OF increas
| ing tho capital stock and extending the
I line into Wilmington. but the Senate
declined TO grant the CONCESSIONS. At
| the afternoon session of the Senate
Mr.. Alrichs gavo notice Of bill fur
ther amending the charter OF the COM
pany, the principal feature OF the
amtndment being the elimination OF
that portion requiring all cars to make
Il continuous run,
The Senate bill to incorporate the
Hibernia Brewing Go. 0f Wilmington
was lost In the Senate, 1t not receiving
a two.thlrds vote. Some OF tbs mem-
bers were dissatisfied with the measure
Tho Senate passed the bill amending
the Milford charter.
| Senator Meredith introduced the
bill incorporating the Stars and Stripes
Publishing Go. Of Wilmington. The
incorpprators are WI. Downey, Samuel
Wier, r. r. Simmons, II. y. Billany,
II. W. Pierson and others. The capital
stock il 81, 900, with privilege to in
crease to $780, 900. AZ
An important insurance bill was in.
| troduced IN the House by Representa-
tive Davis. Tho full text of the bill ia
aB follows:
t'An act for the better protection OF
the holders OF life insurance policies,
in this State"
Be 1t enacted by the Senate and
House OF Representatives OF the State
Of Delaware, in General Assembly met
Section I. That any uud all life In.
surance companies doing business in
this State shall mail to each and every
policy holder in this Stats a statement
of the premium coming due on any
policy of insurance held by said policy
holder in said company at least thirty
days before said premium comes due.
| Sea. q That in addition to said
notice. as provided in section Of this
act, each and every life insurance com,
papy doing business in this State shall
at least thirty days previous to the an.
niversary OF the date of any policy oil
life insurance held in said company by
any policy holder In this State mail tc
said policy holder statement show
ing the amount of dividend or surplus
earned on said policy by said company,
Sec. 3. That any and all life in
sprance companies doing business il
this State on the tontine, semi ton
tine. or any other plan whereby profitt
or dividends are held for future dis
tribution, shall furnish to each an6
every policy holder in this State hold
ing policy on any OF said plans 9
statement showing the amount Of dlvi
dends or profits accrued to said policy
from lapses or otherwise and accredited
TO said policy. provided said policy is
continued in force until the end OF tbs
distribution period named In sait
4 policy. Said statement shall be mailof
at least thirty daye previous to thu
third anniversary OF the date of thu
policy ana ut least thirty days previous
to each and every anniversary OF thu
date OF the policy thereafter.
Sec. 4. That each and every life in
Hursnce company doing business in thi
State shall at the time of filing thei
annual statement, as now provided b,
law, furnish TO the insurance commits
sioner of this State statement variet
By the oath or affirmation OF the prssi
dent. vice president, or secretary o
|, said company, showing the amount o
insurance in force In said company
upon which dividends or profits arr
, held for future distribution and tn
amount of surplus or profits held b,
said company for distribution on sail
plan.
Sec. 8. That all the provisions OF thi
act shall be binding upon each AM
, every life insurance company doinl
business in this State. any waving .
the same in any policy contract MAD
by any company doing business In thi
, State Notwithstanding.
, Sec q. That any life insuranc
company doing business In this Stat
| violating any of the provisions of thi
| act shall forfeit and pay to the State
fine Of one Thousand dollars for eaci
J and every offence and the INSURANCE
| cot,, m, / raionar nF Tho Gtpfa iu harah