Rocky Ford enterprise., 1898-06-02
Hail Insurance.
The Rocky Ford. Melea Growers As
.s. sociatiOn Organizes Mutual
= Insurance Co..

lows hall last Saturday morning to dis.
cuss the hail insurance scheme.
chairman Bailey read the report OF the
Hail Insurance committee, us follows:
REPORT.
We, your committee on hail insurance
proposition, beg leave to report the fol.
lowing recommendations for your con.
sideration: 49,
That q company be incorporated. us
required by the law Of the state to do II
hail insurance business.
For our bylaws we make the fol-
lowing recommendations:
/, That the premium for insurance be
not to exceed 81 per acre.
2. That the maximum for total loss
be s25 per acre.
g.. 1'hut ndjuster or ddjusters fix per
cent OF loss at time OF loss or us soon
thereafter as practicable.
4. That the total premium, il not SUI
ficient to meet all losses, be pro-rated
fairly and equitably among the losers
according to amount OF loss.
8. The premium not needed to pay
losses or expenses ut close OF shipping
season be refunded to assured in proper.
ton to amount paid.
9. That all losses be paid at close OF
shipping season.
Z, That the assured either pny his
premium in cash or give order on the
secretary OF the Rocky Ford Melon
Growers association for his amount Of
premium to be taken from his account
ut close OF first thirty days Of shipping
season.
8. That u sum OF 10 cents per acre be
paid in cash to meet necessary expenses
and the surplus, II any, be remitted to
assured.
0. That general meeting of the
members Of the company be held annu-
ally on the first Saturday in Mnrch.
10. That at the annual meeting u
board OF five directors shall be elected
from the members OF the company; they
shall hold office for one year or until
their successors are elected and qualified.
II. That ut any meeting Of the com.
pany each and every member shall be
entitled to one vote.
II. That the officers OF the company
shall consist of President, vice.Presi-
dent. Secretary, Treasurer and u board
OF five directors.
ID. That all officers and employees,
except the board of directors, shall be
elected by the board OF directors.
IA. That l5 per cent OF the members
OF the company shall constitute II quo.
rum at all meetings OF tile company.
10. That the bylaws muy be repealed,
altered or amended ut any meeting OF
the company by two-thirds Of those pres.
ent.
II. That an adjuster be selected by
the board OF directors to act with the as-
sured suffering loss, to adjust the loss.
II they do not agree, they must call i'll II
third party upon whom both unite, to net
with them to decide the loss the decls-
ion in either cass must be final; the crop
remaining to be ut disposal Of owner.
H. That in case of loss the loser must
within AZ hours from time OF the loss re-
port the same, either by mail or in per-
sou, to the secretary Of the company.
8. $. BAILEY, Chairman,
j. ". LoNGAcRE,
A. b. WALLIS,
q. W. FENLAsoN,
L. MELTON.
Some opposition was expressed to the
idea OF incorporating and A. b. Wallis
read the law Of the state governing insur.
ance. The wording of this law makes it
u misdemeanor to do any kind OF insui.
ance business without filing articles Of
with the insurance com.
missioner. The law, as read, also showed
that it would cost $50 to file articles Of
and would take ~ names
to uct MS incorporators. Before any bus.
isess would be done.at least 100 persons
would have to announce their intention
Of patronizing the corporation, and the
insured property must be worth s5O,OO
Or more.
After some discussion by Messrs. Co.
mer, Wilson, Bailey, Longncre, Wallis
aud others recess was taken until ~.
AFTERNOON SESSION.
When the members assembled in the
hall after dinner it was evident that
many Misunderstanding had been OK.
planned away.
by request OF the president A. B. Wal
lis read this report OF the committee again
far the benefit Of those who were not
present at the morning session.
Mr.. Matthews moved that no one
could belong to the new incorporation
without belonging to the Rocky Ford
Melon Growers association.
Following several others who discussed
this amendment Mr.. Wallis said the
only steps necessary to be taken were to
have ~ signers for the purpose Of organ
ization and the articles Of incorporation
would show that it was mutual insur.
ance company. The by. laws would then
show who could he members. The artl.
cles Of incorporation should be us liberal
rs possible as no changes could be made
without much additional expense and
good deal Of red tape, while the bylaws
could be changed at the will Of the cor
poration.
The amendment was laid on the table.
The articles of incorporation were then
adopted as read.
The first and second articles OF the by
laws were then read, making the maxi.
mum assessment 50 per acre.
Mr.. Wallis explained the section by
saying that a 80 assessment was the limit.
II le.s were needed the remainder Of the
money would be returned at the close OF
the season.
A member wanted to know il he plant.
ed 10 acres, would he be allowed to limit
his insurance to 10 acres?
Mr.. Fenlason: Yes; but he must 10. |