Rocky Ford enterprise., 1898-07-07
Bylaws Of The Rocky Ford Mutua
Hail Insurance Co.

Bylaws Of The Rocky Ford Mutua
Hail Insurance Co.
SEC. 1. This Company shall be known as
the Rocky Ford Mutual Hail Insurance Com
puny.
SEC. .. Tho principal oflicc of this COM
pnny shall be located in the Town of Rocky
Ford, in the County of Otero In tho State OF
Colorado.
SEC. 3. Any person Interested In the grow
Ing of cantaloupes or wRtcrmelons, who Is n
member OF the Rocky Ford Melon Growers
association, can become u member of this
company by the insuring of one or more ncres
OF cant,lloupes or watermelons. by subscrb-
Ing to the Articles of Incorporation and BY
Laws, and by paying such yearly dues or
assessments as may be levied against him.
SEC. 4. This company is organized under
the Mutual Insurance Laws Of the State Of
Colorado to do business in Colo
ra do. The Annual Meeting shall be held ut
tho home Office on the first Saturday in March
OF each year. Notice OF said Annual Meeting
shall be given by a call issued by the presi-
dent, published ut least thirty days before the
day of meeting. In one or more newspapers
published In Otero county, Colorado. Special
Meetings may be called by order of the
Board of Directors, or on petition OF twenty
five members OF the company. In like manner
as the Annual Meeting.
SEC, s. Each member shall hold his mem
bership from the date of his policy to the
close OF the day of the next Annual Meeting
and shall have one vote, and one only. on all
questions and for election of members OF
Board of Directors. Fifteen per cent of the
whole number of members In good standing
shall constitute n quorum at all meetings.
Any absent member may vote by proxy;
xIaaa hall hR
and give the name of absentee. number OF
policy, and name of representative who must
be n member of the company. and provided
further. thnt no more than ten proxies be
held by the same party.
SEC. q. There shall be elected annually. ut
the Annual Meeting, board of Ave Directors
who shall be members Of the company aud
W ho shall hold Office for one year or until
their successors are elected and qualified;
provided. that In case any director elected
does not within sixty days after his election
take out n policy OF insurance In the COM
pany his Office shall terminate.
s &c. I. Vacancies In the Board of Direct
ors shall be filed by the remaining members
of the board until the next Annual MectinR
SEC. S. A majority Of the Board OF Direct
ors shall constitute n quorum TO do business.
They shall manage the affairs and concerns
of the company. shall select and hN the duties
and compensation OF all officers, agents and
employees. and shall prescribe the necessary
forms to be used by the company.
SEC. o. The regular Annual Meeting OF tho
Board of Directors shall be held on the first
Monday succeeding the Annual Meeting of
the company. at which time they shall elect
from among the members of the company.
and may from their own number, n President,
En vice-Presidcnt, u Secretary, u Treasurer
and nn Adjuster. The duties of the aforcmen-
toned officers shall be such as are usually
imposed upon such officials Of like corpora.
tions. and us are required by law. and such
as may be assigned to them respectively by
the Board OF Directors, from time TO time.
The treasurer shall give bond In tho sum oi
5000. to be approved by the Board Of Direct
ors. All officers and employees shall hold
their office or employment at the pleasure OF
the Board of Directors.
SEC. 10. The property insured by this COM
pany shall consist of crops OF cantaloupcs
and wntermelons, growing or to be grown
during the season for which insurance Is de-
sired. owned by members OF the company.
SEC. II. The maximum Insurance for total
loss or damage by hail shall be so per acre.
The total premium. II not sufficient to pay all
losses and expenses. after the paying OF all
necessary expcnscs. shall be prorntcd fairly
and equitably among the losers according to
the loss sustained.
SEC. Il. That for the purpose OF paying
losses and necessary expenses there shall be
assessed against each and every member n
sum not to exceed - per acre for each acre of
cantaioupes or watermelons he insurcs.
SEC. u. That tho insured either pay In
cash. or give order on the secretary of the
Rocky Ford Melon Growers association for.
the sum of 81 per acre. said order TO bc taken
from members account with the said Melon
ASSOCIATION, after tho first thirty days Of the
shipping season. Any part of the said s2 per
acre. not needed to pay losses and necessary
expenses shall. on October Is of each year. be
refunded to insured.
SEC. II. All claims FOR losses shall be aud
tied by the Board of Directors. and paid on
October 18th of each year.
SEC. IL. There shall be paid by each MEM
bcr of the company. In cash. the sum of ten
cents for each acre of crop insured, to meet
the necessary incorporation and other cxpcn-
scs. and the surplus. II any. shall be remit
ted to the insured on October 18th of each
year.
SEC. IL. An adjIister shall be selected by
the Board Of Directors to act with the
Insured suffering loss to adjust
loss. IT they do not agree upon the
per cent OF loss. they shall call In third par
ty, upon whom both ugrcc. to act with them
In adJusting the loss. The decision in either
case must he final. After adjustment the
crop remaining to be Mt tho disposal OF the
owner.
SEC. II. The udjustcr or adjustcrs shall
fix the per cent of loss. ut time of loss. or as
soon thereafter ns practicable.
SEC. Is. The policy for insurance In ,this
company shall he In full force and effect
from noon OF the date OF the policy until the
18th day OF October OF each year. unless SOON
or cancelled.
SEC. 10. In cnsc of loss. the loser must.
within forty.eight hours from the time of
loss. report the same to the Secretary of the
company, either by registered cttcr or in
person.