Audubon County journal. (Exira, Iowa) 1884-1993, 1898-05-19
Articles Of Incorporation Of the Farmers
Mutual Hail Insurance Association
OF Shelby, Audubon and Cass
Counties.

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
members against loss or damage to
growing crops by hail within the
limits of the above mentioned
counties.
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-
tions 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 a Presi-
dent, Vice President, Secretary,
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repealed at an annual meeting;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-
tions 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-
ter1nine, for the faithful discharge
of all duties imposed and the ac-
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 a 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 no
corporate Indebtedness, except for
the payment of losses, exceeding.
One Hundred Dollars.
ARTICLE NJ.
The annual meetings of this as
ISOLATION shall be held at Elk Horn,
in Shelby county, Iowa, on the
third Wednesday in January of
each year.
ARTICLE XII.
At the annual meetings of this
association there shall be elected a
President. Vice President, Sec
rotary and Treasurer, who shall
hold their respective offices for the
term of one year and until their
successors are elected and quail
| fled; there shall also be elected at
each annual meeting, two direc-
tors, who shall serve for period of
three years each and until their
successors are elected and quail
| fied provided that at the annual
! meeting held on the third Wednes-
day in January 1899, there shall be
two Directors elected for the period
of one year, two for the period of
two years, and two for the period of
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 men,
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 first
| Wednesday in February followin g
their election.
ARTICLE XIV.
Until the first annual meeting,
which will be on the third Wednes-
day of January, 1899, the following
named persons will be and act as
officers of this association:
President, John Leistad; post
| office, Elkhorn, Iowa.
Vice President, Peter NJ. Rasmus-
sen; postotfice, Elk Horn, Iowa.
Secretary, Hans PETERSEN; post
| office. Elkhorn, Iowa.
Treasurer, Willads Rattenborg;
postoffice, Elk Horn, Iowa.
Board of Directors-Hans Ras-
mussen, postoffice; Elk Horn, Iowa