The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1900-02-28

70 10 all PrNPe''J
Association, and no Officer OF Direc-
tor of the Association shall be held
liable for any loss, except to the
extent of the br0 ,sta share of his
insured property.
4. This Associat ion shall not, In
case of loss ofproperty of the insur-
ed, claim any credit for stone, brick,
or other indestructiblc materials left
after fire; nor shall the Associa-
ton claim any reduction of insu.
rance, for valuation Of Agent,
when this policy shall have been in
force for six months. unless such a
reduction be made by an Agent OF
Director before said property is de-
stroyed or damaged.
5. If, at any time, there shall
be change of title or ownership of
property, the obligations of the in.
sured and the Association shall
cease at once.
6. The Association shall not be
responsible for any loss or damage
to property; if the insured has
directly or indirectly, or intention
ally caused such loss OF damage;
nor shall the Association be re-
sponsible for damages under the
amount of five dollars.
Z. The Association shall not be
released from any obligation in
case of loss or damage, because of
liers, mortgages, or defective titles
to property but, when it shall ap.
pear that the insured is not the
rrightful 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 ad iacent
thereto. The aggregate amount of
insurance shall not exceed two
million dollars. The General
Agent shall collect one-half of one
per cent, of the amount Of insur-
ance 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.
8. The officers of this Associa-
ton shall be q 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 the
Board of Directors, to sign all poll
cies, order all assessments through
the Treasurer, order the payment
of all claims and losses after they
had been adjusted by the Director
and the General Agent, and, TO,
gether with the General Agent, he
may compromise or arbitrate dis
puted claims. When litigation is
unavoidable, then he, together with
the Genera! 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.
eral Agent to: -. y =.
l. Value all property, assisted
by Ditector, entering the Assocla-
tion, and to sign all the policies
with the President and the insur-
cd. ... ~.
II. He, or the proper Director,
shall adjust all claims against and
losses of the Association, ant re-
port same TO President:
Ill. He shall keep record of
all annual meetings of the Associa-
tion and all business meetings of
the Directors. .
". He shall notify any men,
ber 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 TO 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 be print
ed, 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 tho duty of the
Treasurer to estimate the loss on
all property insured, and apportion
the same to each memb Der who shall
have notice by mail. He shall
receive, receipt, and hold, subject