The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1899-03-15

signed to the Association, and the men,
bers of this Association shall be COM
posed of the owners of property assigned
thereto.
3. No apportiontment shall at any
time be made, except it applies alike to
all property insured by the Association,
and no Officer or Director of the Associ-
alton shall be held liable for any loss,
except to the extent of the FRO rata
share of his insured property.
a. This Association shall not, in case
of loss of property of the insured, claim
any credit for stone, brick, or other in
destructible materials left after fire :;
nor shall the Association claim any re-
duction of insurance, for generalization
of Agent, when this policy shall have
been in force for six months, unless such
a reduction be made by an Agent or
Director before said property is Destroy
ed or damaged.
s. If, at any time, there shall be a
change of title or ownership of property,
the obligations of the insured and the
Association shall cease at once.
6. The Association shall not be re-
sponsible for any loss or damage to
property, if the insured has directly or
indirectly, or intentionally caused such
loss or damage; nor shall the Associa-
ton be responsible for damages under
the amount of five dollars.
7. The Association shall not be releas
ed from any obligation in case of loss or
damage, because of liens, mortgages, or
defective titles to property; but, when it
shall appear that the insured is not the
rightful or legal owner of the property,
then shall the insurance, or such part OF
same as may not belong to the insured,
be paid to the proper owner.
8. The territory of this Association
shall be limited to the county lines of
Abbeville and Greenwood Counties and
the property adjacent thereto. The ag-
gregate amount of insurance shall not
exceed two million dollars. The General
Agent shall collect one-half of one per
cent. of the amount of insurance on all
property entering the Association, of the
party or parties entering property, of
which three-fourths shall be paid to
Directors and the remaining one-fourth
to be expended as the Directors may
deem proper. All policies shall be
signed by the President, General Agent
and the insured.
OFFICERS.
Q. The officers of this Association shall
be a President and General Agent who
shall also be the Secretary and Treas
urer, and one Director for each Town
ship wherein there are members of this
Association.
10. 1t shall be the duty of the President
to preside over the meetings of the Asso-
ciation, and the Board of Directors, to-
sign all policies, order all assessments
through the Treasurer, order the pay
ment of all claims and losses after they
had been adjusted by the Director and
the General Agent and, together with
the General Agent, he may compromise
or arbitrate disputed claims. When liti-
cation is unavoidable, then he, together
with the General Agent shall conduct the
suit for the Association. He may also,
in cases of emergency, perform the duties
of the General Agent, provided said Gen.
eral Agent is unable to discharge the
same
DUTIES OF GENERAL AGENT.
1t shall be the duty of the General
Agent to-:
1. Value all property, assisted by a
Director, entering the Association, and
to sign all policies with the President
and the insured.
II. He, or the proper Director, shall
adjust all claims against and losses Of
the Association, and report same to Pres
ident.
III. He shall keep a record of all
annual meetings of the Association and
all business meetings of the Directors.