The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1901-04-20

~ Ai1Sleao the public.
hEs-suRMITr4TrHD H rs AFToRN rs GEN GEN
EEdR,AALiem 7.l 70 INSURANCE.
vi the
same nefore some person empowered to take
encouragement als of deeds, and forward the
IN case he approves Of the title Of the pro-
p pose company subn1t said articles Of incor
t;o to the attorney general for examina-
tioh; ana II found by the attorney general to
pc IN accordance with the provisions of this
. act ana not inconsistent with the constitu-
shall certify the same back to the insurance
commissioner with his approval endorsed there
sE Wh" zha NE ehs sae IN his See
S JOHANNES OPEN BOOKS FOR SUB
Boo1KsIlRRHNSS7MB VT ~ G0MPAN1Es OPEN
ers to said articles Of incorporation shall
choose from their number a president, a Sec
rotary, treasurer and such number Of direc-
vsable, who shall continue In Office until the
nTst annua! meeting Of the stockholders or Of
t me insured II mutual company, and until
ned as hereinafter provided. In case a stock
booHs ~ IS 70 10 be orgamzed they shall open
company COMP at such times and places as they
snail deem convenient and proper, and shall
s1ea,ee eae same open until the full amount
subscribed In case q mutual company is to
be organized for any of the purposes mentioned
Incorporation shall open books to receive an
pHcations for insurance at convenient times
n noa PLACES keep the same open until ap
sufficient numbers and amount to comply with
'n sec req K me pfr Of this s;,1 aet
yEsTMnNT AbEPosi E1ooH wi ZIP 1T SAFE IN,
TREASURER cERTIFIcArE rs Do B rs :.
IFMiccs!3A AZ TO sTo TO. oR Of
TIONs-LIEN ON sTOcKSstock comnan;es
organized under this act shall have not less
than ore hundred thousand dollars (S1OO, 0Oo1
tNp1y S1-..
which shall be paid up and invested in bonds
Of the United States, or of this state. or GER
tificates Of deposit Of any solvent bank or
unineumbered improved real estate in the stats
Of Minnesota worth at least double the sum
loaned thereon Qf buildings are considered
US part or the value Of such real estate they
must be, and be kept insured for the benefit
Or inc ne morgagee), twenty-five thousand dol
with the state treasurer, and upon said de-
post and satisfactory evidence to the insur.
i anoe commissioner that the capital stock Of at
ieast one hundred thousand dollars (S1OO, OOO
Is aal subscribed In good faith. and fifty per
cent thereof paid IN by the subscribers of
he sb senck sx ana INVESTED as herein prescribed
no nar said company to do business But
be oa rs or to the n1 fy Per cent aforesaid shall
be paid within two years Of the time iH Of s1 the
so saps th IN such sums and at such times
as the directors Or trustees Of the company
may direct. and the unpaid balance shall be
secured by the notes OF the stockholders Of
said company. The company shall have a
lien upon all stock for any sum unpaid there
on. &
SEQ. 6. MUTUAL OBSERVATION-DISCLOSURES
WITH STATE TREASURER.-Compa Or
Eanized under. this act upon the mutual plan
shall shall before issuing any policies, have actual
Applications s, on at least Ave hundred individ
ual lives FOR an amount OF not less than
one thousand dollars each, list OF which ap-
psaad9ns :, Eying the name age residence
each applicant, shall be filed With the insu II.
ance commissioner, and a deposit made with
the state treasurer Of an amount equal to
tnree-Hrths of the first annual premium on said
apphcauons, anc &c less than twenty-five
thousand dollars in securities as required by
with said provisions. the Insurance commits
sioner shall issue to said company a certificate
sae 5alf oGRepany to Dc business
ton organized or doing, business under the
provisions Of this act shall. by the name adopt
cd ny sueh corporation in law. be capable OF
make and enforce contracts in relation to the
business of such corporation, may have and use
same at pleasure; in the name OF the corpora
ton, association or society, or by a trustee
chosen by their board Of directors. shall In law
disposng of real and personal pronerty FOR for
carrying into effect the purposes Of their or
ganization, and may, by their board Of direc-
tors, trustees or managers, make bylaws and
amendments thereto not inconsistent with tho
constitution and laws of this state, or Of the
manner Of electing. directors, trustees or man
ayers. and officers of such corporation. and the
qualifications and duties OF the same, with
qualifications and privileges OF the members
a faa pSliGy a9 sl thereof Any such CORPORA
privileges. immunities and franchises CON
ferred by this act, together with all innpli I'd
powers powers necessary or convenient for the exc
cut1on and exercise thereof, and the ordinary
and incidental powers Of insurance Corpora
lions.
Sec; 8; ANNUAL sTATEMpNr-EoRM OF
PUBLICATION.-The president vice presi-
Of the trustees or directors Il each oo@pany
the first day Of January, or within sixty days
thereafter, prepare under oath and deposit in
the sae once Of the Insurance commissioner
on the S1st day OF December OF the preceding
year, showing:
!. F1rst-Name and where located.
l. The names of the officers.
2 The amount Of capital stock, If a stock
8. The amount OF capital stock paid In, If
stock company.
Second-Assets.
/ !: Inc value OF real estate owned By such
company.
2. The amount Of cash on hand. 80
o. Inc amount OF cash deposited In bank
Or trust companies, giving names OF bank
Or banks or trust companies.
f. Inc amount Of unreported and deferred
o.: The amount Of stocks and bonds Of the
United States, and all other bonds, giving
names and amounts, with the par ana mar
ket value OF each kind
mortgage on real estate.
Z: The amount Of all other bonds and loans
H Ths aonn W.T. the rate Of Interest
policies in force
g.. The amount OF notes given for unpaid
10. The amount Of interest duo and unpaid.
II. All other assets.
Th1rd-Liabilties.
i nf
z. The amount OF Losses adjusted but not
g TIL The amount Of losses unadjusted. :
4. The amount of claims for losses resisted
9. The amount Of money borrowed.
g. Tho amount required to safely reinsure
can Experiences Fable Of Mortality n sna four
Combined Ezperiencs Table. with four per can't
gourth-1ncome during tho year.
J. NE amount OF cash premiLns received.
s. The aou OF premium ntapa.a notes o received
i. The amour. received from all other
sources.
Fifth-Expend1tures during tho year.
!. Inc amount paid on account Of losseA
1877 =; The amount Of dividends paid to policy
g.. The amount Of commissions and salaries
paid to agents.
s. The amount paid for taxes.
+. The amount Of all other payments and
expenditures.
Sixth-Miscellaneoua
!. The greatest amount insured On any one
life.
2. The amount deposited in other states and
territories as security for policyholders therein
stating the amount in each state or territory.
8. The. amount Of premiums received In
this state during the year.
T. The amount paid for losses In this state
during the year.
"a, .: . The whole number OF policies issued dur
Ing tho year, with the amount OF insurance
Affected thereby and total amount Of Insurance
at risk.
!ished In the English language at least three
ZINES IN daily or weekly newspaper OF gen.
eraa circulation, printed and published in the
sey county In this state and having a bona
noe circulation Of two thousand copies or
more, or In the county where the 5tsatA a aeocY