The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-03-01
GOOD OF THE FARMER
Is Expected TO be Served by
the McElrath Bill
FOR MUTUAL INSURANCE
Of Stock and Crops Signed
by the Governor
FOR MUTUAL INSURANCE


surance OF growing grain. stock, exc. By
mutual insurance companies. The farmer:
| OF the territory have long been demanding
a measure Of this kind and the provision;
Of the new law will be Of particular in
terest 10 The farming class The features
| Of the new law are given below:
Section l. That associations Of not les:
than one thousand persons. farmers by oc-
cupation, may be formed for the purpose
OF mutual insurance OF growing crops o.
grain against loss by hail, OF work stock
I against fire and lightning and OF farm
buildings against fire. lightning or cyclones
under the following regulations to-wtt:
There shall be a charter filed with the
secretary OF the territory showing the
name OF the association. the number o.
directors. the names OF a president. sec
rotary and treasurer and not less than i've
nor more than thirteen directors. who
shall hold Office for such term as the by
laws OF the association shall provide. but
not for q less period than one year. except
IN case OF removal FOR cause, and except
that the first officers 50 named shall hold
until the first election OF said association.
which may be had at such time as the by
laws provide
Sec. p The association shall exist for
any time 10 be stated In the charter not
exceeding fifty 500 years. unless sooner
dissolved as other corporations are by law
dissolved.
Sec. 3. The articles Of association shan
be fled with the secretary Of the terri
tory. thirty (9o) days before the business
OF the association hall begin. and with the
articles shall be fled set OF bylaws for
the governmest Of such corporation which
shall have been adopted by some general
meeting Of the members OF said association
or their representatives and which shall
continue in force until changed by the
board OF directors.
Sec. 4. Changes in the bylaws not az
fecting outstanding insurance may be
made by a majority vote OF the stock
holders at regularly called stockholders
meeting, or at a regularly called meeting
of the board OF directors at which notice
OF such proposed change shall have been
previously given thirty days. Such changes
must be authenticated by the signature OF
the proper officers and the seal OF the
association. and be recorded in the proper
record OF the proceedings Of such associa-
ton. and a duly authenticated copy OF UGH
changes shall be filed in the Office of the
secretary Of the territory thirty 900 days
before the same shall be valid. II shah
be the duty Of the secretary Of the asso-
citation to record such changes upon the
records of the proceedings Of the COM
pany.
Sec. 5. The association may insure grain
in bins and stacks. knowing wheat. hye
barley. fax. oats and other crops. and
may also insure mich cows. work horses.
work mules and farm buildings against
hail fire lightning or wind storms OF any
character. upon the payment Of the pre-
MUM in cash. The policy shall state the
name Of the owner and describe the land
upon which the crop. stock or buildings are
located stating the number of acres OF
grain and the number and value per head
OF the cattle or work stock insured. and
the number. description and value OF the
farm buildings insured.
Sec 6. No policy shall be for a larger
amount upon farm buildings than o1s
thousand s. 900 dollars. nov - a larger
amount Of wheat than twenty CoO bushels
TO the acre nor for a larger amount Of ryA
or barley than fifteen O0 bushels 10 the
acre. nor for more than twenty-five 90
bushels 70 the acre Of oats. nor FOR more
than eight O. bushels per acre OF fax. nor
exceeding twenty-five (s25) dollars per
head for mich cows. nor fifty $50 dollars
per head for work horses or mules No
more stock shall be insured By any 0n-
person than six 80 mich cows and tx -
work horses or mules. No other stock
shall be insured. No property shall be in
sured except that which IS located upon
farms.
Sec. !. The association may a. - o.
ton. under the provisions OF is bylaws
receive IN cash not less than o1e-haIf the
premium upon work stock or farm build
ings. or not less than one-four,h the pre-
MUM upon grain and the remainder Sc
cured By a note payable on demand az
any time during The continuance % the
policy when the board % directors OF The
. association considers It necessary 20 pay
the losses and expenses arising during the
of the policy. said dnote BE-
ing secured upon properly 70 the satIsfsc-
ton Of the ASSOCIATION
Sec. 5 The premium upon grain n
sured shan be applied % los o. damage
upon grain. the premiums upon Eo-k stock
shall be applied 70 losses upon work stock
arr the premiums upon farm buildings %
losses upon farm buildings TIE expenses
q The association shan - borne rataosy
b. all the insurance carried BY the asso-
cation
Sec. 9 Election = directors shan -
held annually a. the principal ofscs y
ne company. Each member - the ass
ciat.on hail have one vote =, any election
q the sssoCla-;or. 20 Tot less than f~s
% nor more than thirteen az directors.
and t5e majority or plurality % ;hs votas
cast shall determine me election o., Any
person. Votes shall ~ cas-. - Ire u1e11-
oers present and ay proxy. sad b0ar6 q
d. rectors shall s-ec: q president. secretary
and trssz--s r~h-ch shah bod oHsce c1-
3 7eriod - tEo years O. until removed hy
the board.
So a Any 7srE0n taking a p5EcT r.
Upon grain, sock - fam bu-ii-
.nEs and paying 2 premium = 7-e ~ dol-
a. - more s1an - deemed . nsuber
= IKE association % re purpose % ~1rh
a.ec-.1n tor he the thst A-s P5l-y Is 20
-gr-
So 4 = czss 90 = vaca--~ ~ dsz.h
- Otherwise n re one - re 1-asi den.
secretary - treasurer the board . elre--
tors are Authorized n e. s--h Ts-anry.
snt - perzea s1aIl - permitted = 1879
b ether o6cs Eho q tse ne = .ot 2
75Ecy ho,Ss-
Sc = NJ pe-so1 shaH - s-z.b's -
s-ec-o1 70 oe7ce = re assaclatlo- u-.sss
- e 8 farmer b. occ1ca
- = T1e bard q El-e--7rs sazu -
ssa1ect q the ear q TIE z-eetez- r
he s5S--s q reject - re Drass.e-.
- "a lc---r - - e.-s-z ~ u. 3 - /