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

| snow the GATE number and amount O.
each bond, the rate Of interest, the tim,
when due, the places where payable, ant
| the name OF the party to whom ISSUED,
Sec 4. The board Of county commits
sioners shaA - annually n after the date O.
the taxable property of said county, il
! addition to all other taxcs levied. sufH
Client to pay az the ne interest annually occru
| of this act, and when ANY of the prtn.
clpal Is about to become due and payable
| they shall In like manner levy a sufficient
amount OF taxes to pay such principa
! when due %f-a' : =
Sec. 5. The board Of county commits
! s1oners shall have authority to negotiate
said bonds. but for no:-iess than yal
! value. ,.. y. -
| Sec. 6. This act shall take effect and
be in force from and after its passage
Approved April 6, 1901.
| CHAPTER 1865. r. NO. 1913,
AN ACT making it a misde:neanor for an
employe TO obtain railway or other
transportation, or the benefit Of other
| arrangements made by employers, to be
perform such labor or repay such ad.
| Yancements, and providing for punish
J ment theraof. -:
Be 1t en na tS;aI by the Legislature of the
section l. Every ernploye who, with
intent to defraud, shall accept or receive
Transportation provided by or at the in
any point in this state to or in the d.
rection Of the place where he has con-
tracted to perform labor tor, or render
SH!lS;, to such, employer, or who shall
accept or receive the benoft OF any other
pecuniary Arrangements made by or at
the instance and cost Of his employer,
ernploye to perform labor or render sery-
Ices in repayment Of the cost Of such
transportation or OF such other benefits,
snail be deemed and adjudged guilty Of a
mldemeanor, If he shall neglect or re-
fuse to render services or perform labor
Of an equal value to the full amount paid
aor S9aGh transportation or other benefits;
employer in money the amount paid there
Tor. The value of the services to be rem
aerea, or LABOR to be performed, shall be
determlned by the price agreed to be paid
tract with the employee.
Inc 1allNre or refusal of any such en-
pioye TO perform such labor or to render
tract, or to pay in money the amount
paid for such transportation or other ben
e11ts, shall be prima facie evidence of his
intent to defraud. ="
Sec. 2. Every. person found guilty Of
such 1nlsde1neanor shall be punished by a
h me not exceeding twenty-five dollars
t$lo.ool and by Imprisonment Of not less
days. WV
Sec. 3. Al acts or parts of acts incon-
slstent with the provisions Of this act are
Sec. 4. This act shall take effect and be
In force from and after Its passage.
Approved April 6, 1901.
CHAPTER 1865. F. NO. 65.
AN AL to amend chapter It's OF the
General Laws of 1895. relating to IN
Be it enacted by the LEGISLATURE of the
State Of Minnesota:
Section 1. That section Of chapter 17o
n-xyc 49, w. !
so as to read as follows:
seGt1on l. This act may be cited as
the minnesota insurance act of eighteen
hundred and n1nety-five. When consis-
used in a different sense, the term ''corn-
pany, or insurance company" as used
herein, includes all corpo~ations, associa-
as principals in the business Of insurance;
the word domestic" designates those
companies Incorporated or formed in this
stafe ana 1; the Word foreign" when used
formed by authority of any other stale
or government; the terms "unearned pre-
m m! and reinsurance reserve" and
serve" severally intend the liability of an
insurance company upon it's insurance con-
tracts, ether than accrued claims, COM
puted by rules of valuation established
by section H.; by the term met assets" is
meant the funds of an Insurance company
available for the payment Of Its obliga-
lions In Minnesota, Including, in case Of
mutual fire company, is deposit notes,
or other contingent funds, including the
contingent liability of it's policy holders,
as provided by the laws of this state;
and IN case, Of a.. MUTUAL marine or
mutual fire and marine company, it's
subscription funds and premium notes
absolutely due, and also Including u1lcol-
t tSas 4h ana deferred premiums not more
tually in force after dedu:ting from such
FUNDS all unpaid losses and claims, and
claims for losses and all other debts and
liabilities, exclusive of capital; the prof
it's of a mutual insurance company are
that portion OF its cash funds not re-
quired for payment Of losses and ex-
penses, and set apart for any purpose re-
Sec 2. That section AZ of chapter IT'S
Of the General Laws Of 1895 be anne AIDED
so as to read as follows:
Section 49, Whenever a. mutual fire in
surance company is not possessed of cash
funds sufficient for. the payment of in
CURED losses and expenses. it shall make
an assessment for the amount needed to
pay such losses and expenses upon it's
members liable to assessment therefor
In proportion to their several liabilities
The company shall cause to be recorded
for such assessment, together with
statement which shall set forth the con-
d1ti Of the company at the date Of the
office deposit notes or other contingent
funds liable to the assessment, the
amount the assessment calls for and the
particular losses or other liabilities 1t is
be made and signed by the directors who
voted for the order before any part of
the assessment asses; is collected, and any per-
and take C copy p!e Of the same 'np7c'
Sec. 3: That section 43 If chapter 1'5
Of the General Laws Of 1895 be amended
so as to read as follows:
Section 43. When, by eason Of depre-
citation OF loss of its fnNGS on. otherwise
the net assets Of such a company, after
providing for its other debts, are less
its policies, it shall make good the de-
ficfency by assessment in the mode pro-
vided in tho preceding section, notice Of
which assessment shall be, filed in the
directors or insurance commissioner are
of the opinion that the company is La
bic to become 1nsolvent, the directors, or
gpon t. thG Sa Fl fa b for period Of five
er, may, instead of such assessment, or
der two assessments to be made the first
determining what each polcy-holder must
eeauitably pay, or receive in case Of with
drawal from the company and having his
policy Cancelled, the second what further
sum each must pay in order to reinsure
THE uneNpired term Of his policy at the
same rate aus the whole was insured at
first. Each policy-holder shall pay or
receive according to the first assessment,
and his policy shall then, be, Cancelled,
UlLltSS l4S pays tlo Susll luTLll0r OGrGr
mined by the second assessment in which
case his policy shall continue in force;
but in neither case shall a policy-holder
receive or have credited to him more than
he would have received on having his
policy cancelled by vote Of the directors
under the bylaws.
If within two months after such al
ternetive assessments have been collect
ible the. amount of the policies whose
holders have settled for both assessments
lars, the company shall cease to issue
policies, and all policies whose holders
have not settled for both assessments
shall be void, and the company shall con-
tirue only for the purpose of adjusting
the deficiency or excess Of premiums
among the members and settling out
standing claims.