Audubon County journal. (Exira, Iowa) 1884-1993, 1898-05-12
Articles Of Incorporation Of the Farmers
Mutual Hail Insurance Association
of Shelby, Audubon and Cass
Counties.

We, whose names are hereto sub
scribed, hereby associate ourselves
into corporation for the transact
ton of the business hereinafter set
forth, under the provisions of the
laws of the State of Iowa with all
the powers granted bodies corpor-
ate hereunder, and adopt the
following Articles of Incorpora-
ARTICLE 1.
The name of this corporation
shall be THE Farmers Mutual
Hail Insurance Association of
Audubon aud Cass coun-
ties, Iowa.
ARTICLE II.
The principal place of business
of this corporation shall be at Elk
Horn, Shelby county, Iowa.
ARTICLE III.
Its object shall be to insure it's
growing crops by hail within the
ARTICLE ",
Any person, or his personal rep
resentative, having property insnr-
ed in this association shall be
deemed member thereof, so long
as such insurance continues.
ARTICLE V.
This association may sue and be
sued in its corporate name, have
corporate seal and the right of sue
cession as provided by law.
ARTICLE vi.
The insurance of this association
shall not take effect until applica-
tons to the amount of Fifty Thous-
and Dollars shall have been obtain
ed.
ARTICLE VII.
The management of this associa-
ton shall be in charge of Presi-
dent, Vice President, a Secretary,
a Treasurer and Board of Six Di-
reCtorS.
ARTICLE VIII.
SECTION /. The President. Vice
President, Secretary and Treasurer
shall perform such duties as gen
orally devolve upon such officers
and such as may be prescribed from
time to time by the Bylaws of this
association.
SECTION 2. The Board of Direc-
tors shall have authority to enact
Bylaws for the management and
efficient working of this association,
any of which may be amended or
repealed at an annual meeting;
they shall also make all regula-
tons as to applications for and TAX
ing of insurance; levy and collect
assessments for the payment of
losses and expenses and perform
any and all other acts necessary for
the efficient and proper manage
ment of this association; they may
fill any vacancy that may occur in
the Board, or any other office of
this association until the next an
nual meeting; appoint soliciting
agents and determine the commits
sions to be paid them and fix the
salary or compensation of any Off
Ger or employee of this association.
They may require bonds of all Off
GERS and employees of this associa-
ton, in such sums as they shall de-
termine, for the faithful discharge
of all duties imposed and the &C
counting of all moneys received.
They shall make full and correct
report of their doings, at each an
nual meeting of this association.
A majority of the Directors shall
constitute quorum for the trans
action of business.
ARTICLE TX.
The property, real and personal
of each member of this association,
shall be liable for it's proportionate
share of the assessment levied
thereon; but in no case shall it be
liable for more than Just and
equal proportion of such pro rata
assessment. The private property
of members shall not be liable for
corporate debts, except in proper.
ton as their property is insured, in
accordance with the provisions OF
the Bylaws of this association.
ARTICLE X.
This association shall incur nc
corporate Indebtedness, except for
the payment of losses, exceeding
One Hundred Dollars.
ARTICLE ri.
The annual meetings of this as
sociation shall be held at Elk Horn
in Shelby county, Iowa, on the
third Wednesday in January o.
each year.
ARTICLE XII.
association there shall be elected {
President, Vice President, a Sec
rotary and Treasurer, who shall
hold their respective offices for the
term of one year and until thei1
successors are elected and quail
| fed; there shall also be elected al
each annual meeting, two direc
tors, who shall serve for period O.
three years each and until their
successors are elected and quail
| fed; provided that at the annua
meeting held on the third Wednes
day in January 1899, there shall be-
two Directors elected for the perio6
of one year, two for the period Of
two years, and two for the period O.
three years, and until their success
sors are elected and qualified.
ARTICLE XIII.
All elections of officers and chan
ges of Articles of Incorporation
shall be by ballot, and each mem
Der of this association, as shown by
the books Thereof, shall be entitled
to one vote at such meeting.
ARTICLE XIV.
The officers elected shall begin
their respective duties on the frs
Wednesday in February followin
their election.
ARTICLE XIV.
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