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

missioner. While such certificate remains
IN force the company shall be bound by
the. acts of the person named therein,
within his apparent authority, as its ac-
.lnowledged agent.
(o) 1t shall obtain from the insurance
commissioner a certificate that it has
complied with the laws of this state and
IS authorized to make contracts OF IN
Surance, and such license must be re-
newed annually.
90 It shall annually file a sworn state
nent covering Its business and financial
affairs as of December 31st prior. in such
detailed form upon blanks furnished by
him as the commissioner may require
Such statement made, filed and satisfac-
tory to the commissioner shall be con-
dition precedent to the renewal of the
annual license
Sec. 20. When by the laws of any other
state. any taxes, fines, penalties, licenses.
fees additional to or in excess of those
imposed by the laws Of this state upon
foreign insurance companies and their
agents, are imposed on insurance COM
panies of this state and their agents,
doing business in such state, the
same taxes, fines. penalties, licenses and
fees shah be imposed upon all insurance
companies of such state and their agents
doing business in this state, so long as
such laws remain in force.
Sec. 81. There shall be paid to the insur-
ance commissioner by domestic insurance
companies organized under this act. and
by foreign insurance companies admitted
under the provisions hereof the following
fees:
IL domestic companies
tor filing the articles of Incorporation
and accompanying certificates and receipts
the sum of twenty dollars.
For filing annual statement the sum of
For each certificate furnished the sum
of one dollar.
For the certificate of license the sum of
one dollar.
90 Foreign companies
For filing certified copy of its charter Of
articles of incorporation the sum of thir-
ty dollars.
For fling the statement required by sec
ton nineteen (19 of this act the sum OF
twenty dollars.
For each agents certificate of authority
the sum of one dollar.
For receiving and filing each annual
statement the sum of ten dollars.
sec. y. EVERY company organized under
the provisions of this act. shall make and
adopt bylaws not repugnant to law, this
act or to its articles OF Incorporation
and shall therein provide such regulations.
terms and conditions as may be neces-
Sary to effectually and fully carry out it's
plans and methods of insurance, and the
bylaws in force at the time of the date
of any policy of insurance issued by such
company, shall have the force and effect
of law In the determination Of all Ques-
tons and claims arising under such
policy between the insured and the COM
pany.
And such bylaws shall contain pro-
vision requiring all printed matter to have
nlainly and prominently displayed thereon
the word mutual"
And such bylaws shall provide that
the policies or contracts of insurance
contain the following provision, viz: In
case of loss under this policy end a fail
ure of the D1rties to agree as to the
amount of loss. it is mutually agreed
that the amount of such loss shall be-
referred to three CD disinterested men
the company and the insured each choos-
ing one, out of three persons to be named
by the other. the third being selected by
the two so chosen: the award in writing
by majority of such referees shall be
conclusive and final upon the parties as
to the amount of loss or damage. and
such reference. unless waived by the par
ties, shall be a condition precedent to any
right of action in law or equity to re-
cover for such loss.
No suit or action against this company
Tor the recovery of any claim by virtue
of this policy shall be sustained in any
court of law or equity in this state, un-
less commenced within six (6 months
from the time the loss occurred.
Such bylaws shall also provide the
form. manner and time of notice to be
given the company by the insured Of
any loss by him sustained.
Sec 20 No corporation formed under
the provisions of this act shall continue
for longer period than thirty 600 years
Sec. "a. Any corporation organized or
cong business under this act may trans
fer its risks to. or reinsure them in any
other insurance company, corporation.
association or society doing business in
TINS state on the mutual or stock plan.
contract
or reinsurance shall have been first sub
mitted to and approved by the insurance
commissioner of this state, and has been
approved by two-thirds vote of the
members and policy holders present. rep
resented and voting at any regular meet
ing OF such corporation or at a special
meeting thereof called to consider the
same, Of which special meeting a written
or printed notice shall have been mailed
to each policy holder at his last known
address, at least thirty 600 days before
the day fixed for such meeting. But no
such transfer or reinsurance shall be
MADE TO any insurance company organ
lied under the laws of another state
which is not at the time legally author
lied to do business in this state
Sec. % Nothing herein contained shall
pc construed so as to limit or abridge
the rights OF any company or corporation
heretofore organized in this state under
the provisions of chapter one hundred
eighty-six QS6) of the General Laws of
the year one thousand eight hundred and
eighty-hve, and amendments thereto, but
every such company shall in the future
management and conduct of its business
conform to all Of the provisions, limita-
lions and requirements of this act
Sec. 20. All acts or parts of acts incOn-
slstent or In conflict herewith are hereby
and herewith repealed.
Sec. q This act shall take effect and
be in force from and after its passage
Approved April IS, 1903.
49, CHAPTER 272-s. F. NO. 8o4.
concerning the state library and appro-
priatng money for its care and main
tenance.
Be it enacted by the legislature of the
State of Minnesota:
Section l. The state library shall con-
sist of the books, pamphlets, maps,
charts and documents of every kind now
belonging to the same, together with
such others as it may acquire by gift,
purchase, exchange or otherwise.
Sec. 2. The governor, by and with the
advice and consent OF the senate, shall
appoint state Librarian at salary OF
Two thousand dollars $1,000 per year
who shall hold his office for two years
ana until his successor is appointed and
qudl1ned. Before entering upon his duties
ne shall take the oath Of office and give a
bond to the state in the sum of two thou
sand dollars $4,000 with two sureties to
o. approved by TIE governor conditioned
for the faithful performance of his Gffi-
cial CutieS, the cafe keeping and delivery
to his successor Of all property belonging
to the library, and the proper disburse-
ment or payment to his successor Of all
moneys coming into mis- hands as
norartan. Such oath and bond shall be
filed in the Office Of the secretary Of state.
Sec. 3. The librarian is hereby autfor-
lied to appoint clerk to assist in the
duties of his office, whose salary shall be
500 Per annum and who shall hold oifice
at the pleasure of the librarian. There
shall also DE appointed by the librarian
an assistant librarian whose salary shall
be 81 500 per annum. Provided, mat tie
appointment Of said assistant before TAX
ing effect shall be approved by the su-
preme court.
Sec. 4. The librarian shall have the
custody and charge OF all property oe-
longing to the library. He shall under
the direction and control Of the judges Of
the supreme court attend to al sales and