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

Inc udIIle Ol the party TO WHO'LL 1oouSo:
Sec. 4. The board of county commits
stoners shall annually, after the date OF
issuance Of said bonds, levy. a tax upon
the taxable property Of said at county y,,d n
Gent to a the interest annually accru-
ing upon the bonds issued in pursuance
OF this act, and when any OF the prln-
cipal is about to become due and payable,
they shall in, like manner levy a suft1c!ent
amount of taxes to pay suoh principal
Sec. 5. The board OF county commits
sioners shall have authority to negotiate
said bonds. but for nos less than gar
Sec. 6. This act shall take effect and
be in force from and after its passage.
Approved April 6, 1901. e
CHAPTER 1865. F. NC. 1913.
AN ACT making it a m~isdeneanor for an
employee to obtain railway or other
transportation, orathe benefit of other
Arrangements made by employers, TO pc
perform such labor or repay such ad-
vancements; and providing for punish
ment thereof.
Be it enacted by the Legislature of the
section l. Every employe who, with
intent to defraud, shall accept or receive
transportation provided. by or at the IN
STANG. OF expense of his employer, from
any point in this state to or in the d.
rection Of the place where he has con-
tracted to performs labor for, or render
| SCI VICES IL ,SuCIl employer, WI WIZ Elid11
knowingly, anG with intent to defraud,
accept or receive the benefit OF any other
! ~pecuniary Announcements made by or at
the instance and cost Of his empioyef,
an. agreement on the part OF such
employe to- perform labor or, render serv-
Ices in repayment Of the cost OF such
transportation or OF such other penef1ts,
shall be deemed and adjudged guilty Of a
midemeanor, If he shall neglect or re-
fuse to render. services or perform labor
OF an equal value to the full amount paid
or shall neglect and refuse to pay such
enAploye in money the amount paid there
for. TIL value Of the services to be rem
dered. or labor to be performed, shall Pc
determined by the price agreed to be paid
therefor by such employer under his con-
tract with the employee:
The fail'1re Or refusal of any such EN-
ploye to perform such labor or to render
such services in accordance with his con-
tract, or to pay in money the amount
paid for such transportation or other ben
efits, shall be prirna facie evidence Of his
intent to defraud.
Sec. 2. Every person found. guilty Of
such misdemeanor shallabe punished by a
tine not exceeding twenty five dollars
C2o.OO) and, by imprisonment OF not less
than ten QO nor more thar sixty (60)
days.
Sec. 3. All acts or parts Of acts incon-
hereby repealed.
Sec. 4. This act shall take effect and be
in force from and. after Its passage.
ApplOVeu April o, lSul.
CHAPTER 1866. F. NO. 65.
AN ACT to amend chapter Ito of the
General Laws OF 1895, relating to IN
| Surance.
Be 1t enacted by the Legislature Of the
state OF MINNESOTA: -
Section /. That section 1 of chapter 10
Of the General Laws OF 1895 be amended
SO as to read as follows:
Section /. This act may be cited as
the Minnesota insurance act Of eighteen
hundred and rinety-five. When consis-
tent with the context and not obviously
used in a different sense, the term com
| herein, includes all corporations, a%ssocia-
| tons, partnerships or individuals engaged
as principals in the business of insurance.;
the word domestic ~designates those
without limitation, includes all those
formed by authority of any other state
or government; the terms "unearned pre-;
NUNS" and reinsurance reserve" and
met value Of policies or premium re-
serve" severally intend the liability Of an
puted by rules Of valuation established
| by section IL; 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
a mutual fire company, Us deposit notes,
or other contingent funds,,s including the
as provided by the laws Of this .state;'
Mutual a i Al fire and mariHe company, its
absolutely due, and also including uncol-
lected and deferred premiums not more
than three months due, on policies &C
tually in force, after dedu:ting from such
funds all unpaid losses and claims, and
claims for losses and all other debts ana
liabilities, exclusive of capital; the prof
its' of a mutual insurance company are
that portion Of its cash funds not re-
| uuired for payment of losses and ex-
| penses, and set apart for any purpose re-
quired by law. w
of the General Laws Of 1895 be ameaded
so as to read ais follows:
Section AZ. 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 its
| members liable to assessment therefor
in proportion to their several. liabilities.
The shall cause, to be recorded
in q. book kept for that urpos the order
statement which shall set forth the con-
d1tion of the company at the date Of the
! order, the amount Of its cash assets and
office deposit notes or other contingent
| amount the assessment calls for and the
particular losses or other liabilities 1t is
! made to provide for. Such. record shall
be made and signed by the directors who
| voted for the order before any part Of
| the assessment is collected, and n per-
son liable to the assessment may inspect
and take a copy of the same:
Sec. 3. a section 43 # chapter 1I5
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 funds, or otherwise,
| the net assets of such a company, after
providing for. its, other debts, are less
than the required premium reserve upon
its policies, 1t shall make good the de-
fo;onox, ,hy q SsocSnnnnt In ethp. mode nrO-
| vided in tho preceding section, notice Of
which assessment shall be filed in the
insurance commissioners office, or If the
| directors or insurance commissioner are
| of the opinion that the company is liza
| BE to become insolvent, the directors, or
I upon their failure for a period Of five
DAVIS to dc so, the insurance commission
! er, may, instead of such assessment. or
| der two assessments to be made, the first
| determining what each policy-holder must
! equitably pay. or receive In case of with
draWal from the company ana 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 ate as the whole was insured at
first. Each, policy-holder shall pay or
receive according to the first assessment,
and his policy shall then pe canceled'
unless he pays the sum further deter
| mined by the second assessment, in which
| case his policy shall continue In force;
| but in neither case shall a. poicy-holder
receive or have credited to him more than
| policy Cancelled by vote of the directors
! under the bylaws. a.
If within two months after such al
| ternetive assessments have been collect
! ible the amount Of the policies whose
! holders nave settled for both assessments
! is less than five hundred thousand dol
policies, and all policies whose holders
| have not settled for both assessments
| shall be void, and the company shall con-
| the deficiency or excess Of premiums
| among the members and settling out
standing claims. Yfs Fl.