Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1901-04-19

tanning to naklng INSURANCE ON 11re. or
disposing Of annutties and endowmeIlts.
Third--To insure upon the stock or
meaegl ELECTS fse v and MONEY ese' fsni on so bot.
tommy or respondentia. against the per-
Ills Of the sea and other perils usually
t a7a,sssd against sRsitn y ey ,n marine ~ Insurance NJ sssion and md
transportation.
Fourth-To guaranty. the fidelity Of
persons In positions. OF trust, private or
b boodte' and nd for the erformanc e. Of other
obligations.
Fifth-To insure against loss 81 dam
Ilas o. or t damage aespits to the h IL 1 person or
property of another for which the as
sured Is ttahle, caused by the explosion
Of steam boilers.
| sickness. or against bodily INJURY or
death by accident; or any person, firm or
corporation against loss or damage on
accident Of any person for which loss or
damage said person, firm or cooperation
IS responsible.
of plate glass. local or transit.
Eigilth-To insure against loss by bur-
! glary or theft. or both, or attempt there
a aa,,r OF a less sasn ma'asy or securities In
age to property of the assured by water,
caused by accidental brealnaEe OF auto
| matte sprinkler heads
Teu1th-To insure against loss O DAM
| age to live stock of the assured occa,
| stoned by death of the property insured.
Sec. %. The procedure for organizing
Or reincorporating such a corporation
shall be as follows:
FMrst-To organize a company the pro
posed incorporators must be residents OF
this state, not less than ten In num-
Der, and shall subscribe and duly &C
knowledge before some officer authorized
to take ACCOMPLISHMENTS to deeds, arti-
cles Of association, setting forth their In
posed name, which must not so closely
resemble the name Of an existing coy
portion authorized to Transact business IN
insurance commissioner; the class of In
surance It proposes to transact and on
place Within this state Of Its location. or
home office: and. if on the stock plan.
the amount Of It's Capital stock; also
larations or matters the satd inco1pora-
| tors may see fit to embody therein.
Secondary domestic Insurance conn
Fife or casualty Insurance. BUSINESS on
the mortuary assessment PLAN and stip-
ulated premium plan, or on either there
Of. may at n time qualify and rein xn
| act, either as "a stock mpaI IL q
stock company at the time of refncor-
poration, or as a mutual company, II a
| mutual company at the time m %redncar-
poratien, retaining or adopting any name
consistent herewith and approved by the
insurance commissioner.
To accomplish such re~incorporation q
resolution shall be adopted by a majority
vote of all the votes cast by the stock
holders Of a stock company, N by q
two-thtrdh vote Of all the votes cast by
any special meeting called for that pur-
pose, of the holding OF which NOT less
than thirty days written or printed no,
tioe, specifying the time and place, shall
vote OF two-thdrds vote as the case may
be, at any regular meeting of such
stoekholders or members. authorazingg
setting forth the future corporate name
of such co1Ilpeny, which must not 80
closely resemble the name Of an existing
ness in this state as to be likely to mts-
lead the public, and must be approved by
the Insurance commissioner; the class OF
insurance it proposes to transact and on
place within this state Of It's location. or
home office; and If on the stock plan,
the amount of its capital stocks. also
i any aaa1t 10 mat sarsah fSe a aaid S Voters n ns01
see fit to incorporate therein.
ThirdIThe words "~1nsulrance company
must be a part OF the name or title Of
under the provisions OF this act: also
the word mutual If organized. or rein
corporated ON the mutual plan on prin-
resolution Of refncorponafion, shall also
fix the place, day and o u Of holding the
first meeting Of members or ssockhold-
ers to be held thereafter. also the place,
nual meeting Of the members or stock
holders, and the names Of the first, or
Of the present, board of directors or
trustees.
In case of incorporation a full, true
| and complete copy, certified by the pres
dent and secretary. under the corporate
seal of the company, Ct the resolution
Of organization, the articles OF tncarpoTa-
in provided, shall be submitted to and
who shall. il It appears that the require.
ments Of tho law as herein have been
complied with, cause such articles Of In
corporation, OF certified copy. OF resolu-
in a book kept for that purpose In his
office, and thereupon such articles of In
corporation, Or certified copy. Of regolu-
| ton, as the case may be, shall constitute
of Incorporation Of the subject
to amendment as herein prov1dsd: and 1t
said company. shall possess the neces-
| piled with all the requirements of law,
| said commissioner shall. without una1ec-
cessary delay. issue to such
it t to do he business mentioned in is
| articles OF incorporation In this state. The
| insurance commissioner shall sign said
certificate and cause the seal of his Of
keep a copy Of such certificate, and q
certified copy of the Same may be given
in evidence with the like effect ais the
original certificates.
Any compan reincorporated as herein
provided shall, upon such re~incorporation
and for the purpose Of constituting this
act, be treated and deemed to have been
as otherwise herein provided, the then,
at the time Of such redneouporatior- ex-
listing board of directors, or board of
tncorporated Under this act, shall hold
office until their respective SUCCESSORS
are elected and hay qualified
Any company organized or red51corpo.
may amend It's articles of incorporation
at any time, to any extent, not In VIOLA
tion Of Law, by resolution adopted by q
ina ma19 staskh vGfe OF of al 4 ehe ye sem1 eant o oy
by a two-thirds vote Of all the votes cast
by the members of any other company, at
any special meeting called for THAT pun
pose, Of the holding Of wlrioh not less
than thirty dayg' written or printed no.
tice, specifying the time and place, shall
have been given, or by such majority
may be, at any regular meeting Of such
stockholders or members
A full, true and complete copy, certi-
| fed by the president and secretary.
under the corporate seal of the company,
Of amy resolution Of amendment, or
submitted to and filed with the insurance
commissions, who, If 1t appears that the
! requirements of law as herein have been
complied with shall, without unnecessary
delay, record such certified copy Of reso-
luton Of amendment. or amendments, in
a book kept for the record Of articles
of incorporation. and tnereuDon such
! amendment &or amendments shall be In
full force and effective.
| Sec. 81. The capital stock sha be paid
in cash within six months from the date
| OF charter or certificate OF organization,
and no certificate Of full shares, and no