The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1900-02-21

nike to all property insured by the
Association, and no Officer Or Direc-
tor of the Association shall be held
liable for any loss, except to the
extent of the tro rata share of his
insured property.
4. This Associat ion shall rot, in
case of loss ofpropcrty of the insur-
ed, claim any credit for stone, brick,
or other indcstructiblc materials left
after fire; nor shall the Associa-
ton claim any reduction Of insu-
rance, for generalization of Agent,
when this policy shall have been in
force for six months. unless such
reduction be made by an Agent or
director before said property IS de-
stroyed or damaged.
5. If, at any time, there shall
be q change Of title or ownership OF
property, the obligations of the in.
sured and the Association Shall
cease at once.
X 6. The Association shall not be
responsible fpr-any~ loss damage
to proaepty; if the insured has
directly OF indirectly, or intention
ally caused such loss or, damage;
nor shall tho Association be re-
sponsiblc for damages under the
amount of five dollars.
7. The Association shall not be
released from any obligation in
case of loss or damage, because of
liens, mortgages, or defective titles
to property but, when it shall ap-
pear 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 be-
long to the insured, be paid to- the
proper owner.
8. The territory of this Associa-
tion shall be limited to the county
lines of Abbeville and Greenwood
Counties, and the property adjacent
thereto. The aggregate amount of
insurance snail nOI eAceeu LWo
million dollars. The General
Agent shall collect one-half Of one
per cent, of the amount of iDsur-
ance on all property entering the
Association, of the party OF 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
A gent and the insured.
OFFICERS.
9, The officers of this Associa-
ton shall be President and a
General Agent who shall also be
the Secretary and Treasurer, and
one Director for each Township
wherein there are members of this
Association.
10. 1t shall be the duty of the
President to preside over the meet
ings of the Association, and tho
Board of Directors, to sign all poll
cics, order all assessments through
the Treasurer, order the payment
of all claims and losses after they
had Decn adjusted by the Director
and the General Agent, and, TO-
gethcr with the General Agent, he
may compromise or arbitrate dis
putcd claims. When litigation 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 General
Agent is unable to discharge the
same.
DUTIES OF GENERAL AGENT.
1t shall be the duty of the Gen.
cral Agent to:
l. Value all property, assisted
by a Ditector, entering the Assocla-
ton, and to sign all the policies
with the President and the insur-
| ed.
II. lie, or the proper Director,
shall adjust all claims against and
losses of the Association, anc re-
port same TO President:
III. He shall keep record of
all annual meetings Of the Associa-
tion and all business meetings of
the Directors.
". He shall notify any men,
Der whose policy may be in any
way changed.
V. In cases of emergency, he
shall perform the duties of the
President, provided the President
be unable to attend 10 same.
VI. He shall call a meeting of
the Board of Directors when de-
manded by three or more members
thereof.
VII. He shall cause bylaws,
circulars, and policies to bo print
cd, and such advertising matter as
he may deem necessary, and TO pay
for the same upon the order Of the
President.
DUTIES OF TREASURER.
II. 1t shall be the duty Of the
Treasurer to estimate the loss on
all property insured, and apportion
the same to each member who shall
have notice by mail. Ho shall