The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-24

| De agreed upon by its board of directors
| or majority thereof al a meeting reg.
ularly called and held. Any corporation
| oragniZed or doing business under this
| act may transfer its risks TO or reinsure
| tnem in any other corpora ton, assoCia-
| ton or society doing business on the
| s solpulated premium or old line legal re.
! seLYe pan; provided, that the contract OF
| transfer or reinsurance shall have beer
Ilrst submitted to and approved by the
| insurance commission err of the State OF
| minnesota by a two-thirds vote of the
! EtcckhoIders or members present and vot-
| lpS IN person or by proxy at any regular
| !LeStlhg or such corporation, or at a spe-
Cia4 meeting thereof called to consider
! the same, Of which special meeting a
| written or printed notice shall have been
| mailed 10 each stakeholder or member
at least thirty days before the day fixed
| Tor such meeting. No such corpcration
| organlze1 or doing business under this
| act shall transfer its risks or assets. or
| any part thereof. to or reinsure its risks
] or any part thereof. in any insurance
! corporation, association or society of anv
other state or country which is not at
| the time Of such transfer or reinsurance
! authorized to do business in this state
| under the laws thereof; provided how
! ever, that the foregoing declaration shall
! not prevent a company from reinsurinC
! any fractional part of any individual
! policy in other soly ent companies author
| lzed 10 DO business in this state ty pay
|
Seml-annual or quarterly installments.
| In ease of the reinsurance of mutual
| companies all the assets Of the reinsured
| company shall be turned over to the re-
| lnsurlng company. When any company
| doing business under this act is reinsuced
| by a contract of reinsurance imposing q
given to each policy holder on whose
policy the new lien is imposed, together
! with his certificate of reinsurance the
notice set forth in section thirty-eight
Sec. 5. That section thirty-eight C3s) Of
| said chapter be and the same is hereby
| amended to read as follows:
| Section 3S. Notice of annual I0eetings
aEG other notices to be mailed policy
holders Herewith. There shall be held an
| annual nesting of the members or stock
| holders of any company organized or re-
| ORGANIZED under the provisions Of this
| act of which annual meeting the mem
! bers or stockholders shall have notice at
least thirty t3ol days in advance, either
| by way of a written or printed notice
| which may accompany other written or
| printed matter; and there shall be mailed
notice to every policy holder upon whose
| policy a lien is, or has been imposed UNI
der this act, as soon as possible and with
! IN one year after the imposition of such
nen. or IN case such lien has been i'm
! posed prior to the passage of this act.
then; within one year after the passage
! OF TINS act said notice shall state:
| First. the amount of the lien imposed
| Second. the rate of interest thereon
Third, the amount of premium and condi-
|
for Its full face. Fourth, the amount OF
| premium exclusive of interest necessary
under TINS act to carry the policy with
out further increase of lien
Sec. 9. This act shall supersede all
provisions OF any existing law in conflict
Sec. I. This act shall be in effect from
and after the date of its passage.
Approved April 20, 1908.
CHAPTER 29G-s. F. NO. 80
AN ACT to define and regulate benef-
clary associations, corporations or So
cleties; eXempting the same and their.
buildings and assets from the operation
or certain provisions of the laws Of this
state relating to taxes, insurance, gar
nlshment, attachment or seizure and
declaring them to be institutions of
public charity.
Be it enacted by the legislature of the
| State of Minnesota:
Section l. That beneficiary associa-
uon under the provisions of this act is
hereby declared to be any corporation.
society or voluntary association organ
lzed and carried on for the sole benefit
or It's members and their families rela-
uves, or dependents but not for profit
| Each association or society NAV make
provision for the payment Of benefits i'm
case of death and may make provision
Tor the payment of benefits in case Of
sickness, temporary or permanent physi-
cal disability as a result either of dis
ease or accident, and may make provision
Tor the payment of funeral expenses Of
a member, not to exceed SeVenty-fiVe dol
lars (S75O0) in any case all of said bene-
fits to be paid subject to the compliance
by the members with the constitution and
bylaws OF SUCH association or society
The funds from which the disbursements
of such association or society shall be
betrayed shall be derived from assess
ments and dues collected from its mem
bers. Payments of death benefits shall
be to the families, heirs, blood relatives
adopted children, affianced husband or
aftanced wife of the member or to per-
sons dependent upon the member. Anv
such beneficiary association or society
may create, maintain. disburse and apply
a reserve or emergency fund in accord
ance with its constitution or bylaws and
every such association or society shall be
deemed and held TO be an institution Of
public charity. The term beneficiary as
ISOLATION" wherever used in this act or
in any other law of this state hereafter
enacted, shall be construed to mean any
association such as is defined in this sec
ton.
Sec. 2. The money or other benefit.
charity, relief or aid to be paid provided
or rendered by any association author
lied to do business under this act shall
not be liable TO attachment garnishment
or other process, and shall not be seized,
taken, appropriated or applied by any
legal or equitable process or by operation
Of law to pay any debt or liability of a
certificate holder or OF any beneficiary
named in any certificate or any person
who may have any right Hereunder And
the buildings and other property used by
said association in carrying on its bust
ness, and all dues, assessments and other
payments and the accommodations thereon.
held and possessed by said association for
the payment of DEATH sick or disability
benefits, and the reserve, emergency and
other mortuary funds of said association,
shall be exempt from taxation for state
county and municipal purposes. Provided
that nothing in this act shall be con
: strued to exempt from taxation any real
estate owned by any association incOr-
porated or doing business under the pro-
, visions of this act, except such as is
! occupied exclusively by such association
in carrying on its business.
Sec. 3. This act shall apply to and
, govern any and all associations, corpora
tons and societies heretofore organized
, or authorized to do business in this state
4 and now or hereafter operating upon a.
plan in accordance with the provisions OF
, this act but this act shall not be con-
! strued to affect fraternal beneficiary as
: sociatious having a lodge system with
! ritualistic form Of work and representa-
: tive form Of government.
r Sec. +. This act shall take effect and
be in force from and after its passage.
Approved April 20, 1903.
CHAPTER 297-S. F NO. 42G.
AN ACT to authorize certain officials 10
? prevent the suffering of animals By ex-
posture to inclement weather.
: Be it enacted by the legislature Of the
I State of Minnesota:
; Section l. Every sheriff, constable
: village marshal and police officer are
! | hereby authorized to enter into and upon
? any place, or to remove from the public
> | highway or streets any horse, mule or
: other animal which IS exposed 10 the
: ! weather and not properly blanketed or
: continues without attention for more