The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-22
Organization for Mutual Aid
and improvement.
AN INSURANCE FEATURE
Messrs, John S. Cunningham, ]. J laughing
house, R. y. Spsighi, W. F. Parker, and
Manly Mcdowell are Named as The
lncorporators.

The farmers of North Carolina have
found it necessary to organize in order
to protect themselves against the com
binations among the interests upon which
they depend for their very existence
Consequently there was incorporated by
the General Assembly the North Carolina
Farmers Protective Association. the act
being as follows:
AN ACT TO INCORPORATE THE NORTH CAR
OLINA FARMERS PROTECTIVE AssOCIA-
TION.
The General Assembly of North Carolina do enact:
Section l. That for the purpose OF organizing
the farmers of the State for mutual protection
and improvement, John S. Cunningham, j. j.
Laughinghouse r. H. Speight w. F. Par
ker, Manly Mcdowell and their associates
and successors are hereby created a body cor
porate under the name and style of the North
Carolina Farmers Protective Association and BY
such name may and be sued, plead and be
implicated; shall have perpetual succession and a
common seal and shall have and enjoy all the
rights, privileges and lmmunltles granted TO cor
pomtions by the general laws of the State as
well as and in addition to the rights privileges
and immunities specifically granted in this act.
Sec. 2 That said corporation shall have power
to establish, conduct carry on by and through
its duly appointed and authorized agents mer-
camille manufacturing and other business in all
branches; to erect or purchase, manage and OPP
crate stock-yards warehouses, grain elevators and
packing establishments; to erect purchase, own
and operate mills and factories of any kind what
soeyer; to own, operate and conduct or more
newspapers, and generally to do any and all such
things may be necessary or advisable for its
profit and advancement, or that may contri-
butte to the accomplishment Of the general de-
sign and purpose for which it is created.
Sec. g. That said corporation shall have power
to organize and establish department. for the
purpose of mutually insuring the property of
members of the association against loss by fire.
wind or lightning, upon such terms and under
such conditions may be fixed by the bylaws
of the association. No member of the associa-
ton shall become liable under this section un
less he shall insure his property in such de-
partment and shall specially subscribe to the
department. Every member insuring his prop,
erty in such department. shall be bound to pay
his portion of all losses and expenses accruing to
said insurance department. No policy of insur-
ance shall be issued by the department hereby
authorized until not less than one hundred
thousand dollars (Sl00,000) in not less than 200
separate risks upon county property located in
North Carolina has been subscribed fon0
Sec. 4. The said association may by its by
laws authorize and regulate the formation of
county and township association. Such county
and township associations shall be subject to rules
and regulations prescribed by the State associa-
ton. The State association shall prescribe rules
and regulations pr the general management of
the affairs of the subordinate associations and
same in the meetings of the State association
Sec s. That the said association shall BY its
bylaws prescribe the dues and assessments to be
collected from its members. In addition to the
dues prescribed there shall. the death of
any member be collected from each of the mem
bers OF the county township association of
which such deceased person was member, an
assessment of not more than one dollar esd for
the benefit OF the widow and dependent minor
children Of such deceased member: Provided that
the aggregate amount of any such assessment
shall not be more than three hundred dollars
(S3OO)
See. g. That for the purpose OF engaging in any
OF the mercantile and manufacturing enterprises
authorized in this act the said associak ion NAV
associate with itself other persons, but in all
such cases this association shall have and retain
the controlling interest in the enterprise.
Sec. T. That said association may make by
laws for its government, prescribe the necessary
officers and the duties of each, and require bonds
from such of its officers occupy positions ~ot
trust
Sec. s. That no member Of this association shall
be personally responsible for any OF its debts OF
liabilities.
Sec. 9. That all laws and clauses of laws in
conflict with the provisions of this act are here
by repealed in so far the same apply TO this
corporation.
See. TO- That this act shall be considered for
all purposes and in all respects public act
Sec. II. That this act shall be in force from and
after ias ratification.