The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-02-24
THAT BARBER BILL.
There Is Every Indication That
1t Will Become a Law.

After dispOsing of a billNprOviding for
an lndetermlnate sentence for prisoners
sent to the penitentiaTy and a bill Great
ing the board of examination and re-
gistration for BARRIERS the senate de-
voted the greater part OF this morning
to corporation legislation. The barber
bill is the one by Enright which passed
the house few days ago. It was re-
commended for passage today by the
senate committee of the whole. Smiths
1ndeterminate sentence bill, under which
q prisoner may be released on parole at
the discretion of the directors of the
penitentiary was likewise recommend
Senator Allen, the official insurance
bill senator, had three bills on this
mornings calendar. One of them he had
stricken out for reasons he did not ex-
plain. One of the other provides for
reciprocity between Kansas and other
states in the matter of allowing insur-
ance companies to come in. It says;
1T shall be unlawful for any COM
Dany to engage in the business of in
surance in this state unless possessed
of the amount of actual capital re
quired of similar companies organized
under the laws of this state; provided,
that insurance companies of any other
country, state OF territory shall not be
permitted to transact business in Kan
Sas unless possessed of the amount of
paid up capital required by said coun-
try. state or territory of similar COM
panieS organized under the laws of this
state. Every such company, on apply
ing for admission and authority to
transact business in this state and as
a condition precedent to obtaining any
such authority, shall file in the insur
ance department its written consent,
irrevocable, that actions may be COM
menced against such company in the
proper court of any county IN this state
in which the cause sof action shall arise
or in which the plaintiff may reside by
the service of process on the Superln-
tendent Of insurance of this state, and
stipulating and agreeing that such ser
vice shall be taken and held in all
courts to be as valid and binding as if
due service had been made upon the
president or chief officer of such cor
poration.
Another Of Aliens bills provides how
the capital of insurance companies shall
or may be invested
Senator Fred Dumont Smith has pre-.
pared and got through the committee or
the whole of the senate this morning a
bill regulating the business of surety
companies operating in this state. This
is the first legislation of this sort yet
proposed. Kansas has more insurance
law 70 the per capita man any olhef
state in the union. but it has hitherto
not invaded the fertile field of surety
company legislation. Whether this has
been intentional or simply an oversight
can not be said. Senator Smiths law is
intended to permit only companies or
ganiZed upon a substantial money basis
to do business here It requires them
to keep a statement of their financial
condition on file with the secretary OF
state and fixes the amount of capitaA
with which a company may enter the
surety bonding business at $4,000. The
pill is intended to protect Kansas COM
panies. AS to nonresident bonding
companies it says:
Before any corporation organized under
the laws Of another state shall engage in
the business Of executing and guarantee
ing the obligations specified in section l.
it shah file with the charter board its APP
plicatiOn to do business in the state of
Kansas Such application shall show first
that it has paid up capital stock, unin-
paired. of at least $5e0.000 $4,000 of which
are invested in securities. TO be approved
by the charter board. which said securi-
ties shall be deposited with the state treas
ANY corporation organized under the
laws of another state and authorized to
do business under the provisions Of this
act shall file with the charter board be-
fore engaging in such business, it's written
consent irreVOcable, that actions may be
commenced against such corporation in
the proper court of any county in this
state in which the cause of action arose
in which the plaintiff may reside, by
service of process on the secretary of state
and stipulatng and agreeing that such
service shall be taken and held in all cases
to be as valid and binding as If due service
had been made upon the president or chief
officer of such corporation