Lexington gazette. [volume] (Lexington, Va.) 1871-1962, 1904-08-31
Annual Meeting of Rockbridge
Insurance Company

Insurance Company
The twe1ty-sixth annual meet
ing of the stockholders Of the
Rockbridge Mutual Insurance Com
pany was held at the Courthouse
Saturday, August 9th. Mr.. G
W. Eflnger, president of The board
of directors, called the meeting tC
order, and on motion Capt. W. F
Piei son, n former president of the
company, was made chairman, with
Mr.. w. A. Kinnear as secretary.
A committee to ascertain the
number of shares of etOck repre-
sented by proxies was appointed as
follows. Messrs. f. l.. McC'ung,
J. o. Tardy and Major S. M. Pax
ton; and the following committee
TO ascertain the number present in
person: Col W. ~ Poague, Me-srs.
j. l.. Teaford and j. X. Tardy.
The committees reported quorum
present and the meeting was de-
clared open for business.
Mr.. II. +. Moore, chairman of
the committee appointed to exam
inc the books of the secretary and
treasurer for the year ending Au-
gust %, 1908, made verbal re
port to this meeting that the ex-
animation had been made and the
boyks found to be correct. His re-
port was accepted. The following
committee was appointed to exam
inc the report of the secretary and
treasurer for the year just closed ::
Messrs. f. A. OFT, f. L. McClung
and j. Houston Leech.
The secretary's report showed
the company to be in healthful
condition. There are S53 policies
in force, gain Of So over last
year. There are 25, PA shares of
stock at $50 per share, represent
ing ST., 28O, 700 of insurance. This
ia gain Of 2,114 shares Of stock.
The average cost of insurance for
the year was 124 cents per share of
$50, or 25@ cents on the 500,
which is about 5 cents less than
the previous year. There were
ten fires during the year aggregat-
ing a loss of 50, 777.66, as follows;
A. NJ. Anderson, $500; A. l..
Goodbar, So; S. E. Horn, SIS; j.
S. Withrow, $3.50; c. B. Clemmer,
1886; w. N. Kyger, $500; 7. NJ.
Wade, 1870; r. W. Brown, $40;
W. M. Showalter, 5000; H. A.
Lackey, $43l.6G. The disburse-
ments for general expenses were
$S0.75; for salaries of the presi-
dent, secretary-treasurer and direc-
tors 1903. 50, making total of 49,
170.41. The receipts for the ye r,
with u balance from last report Of
Sl1.36, amounted to 50, l72.71,
which leaves balance in the treas
ury of $3.50.
There remains balance due on
salaries of 500, and pending as
sessments of SO, 245 to pay losses
Of w. NJ. Showalter and G. D.
Morris.
On motion Mr.. G.. w. Efilager
was reelected president and r. G.
Walker secretary and treasurer.
MIR. II. d. Firebaugh was reelected
director for Walkers Greek dis
trio for three years; Mr.. I. ).
Rees for Natural Bridge district
for three years. Mr.. W. A. Rhodes
was elected director for Buffalo
district to succeed Mr.. j. a. Glenn
ner, resigned. Mr.. j. A. Wilson
vas elected dir ctOr for SJut.
River district to fill out the unex
bred term Of Mr.. Joseph Fultz,
leceaeed. Mr.. Wilson was APP
pointed to the vacancy by the
BOARD to serve until the annu;.
Meeting.
The following resolution, offered
~ Mr.. G.. W. Ellinger, was unani
nously adopted:
"Resolved, That the president
md board Of directors of this
be and they are HEREBY |
authorized to take such steps as in
heir opinion and judgment may be
necessary to comply with the re-
uirements Of the State Corpora
ion Commission in reference to
uture taxation"
The following, offered by Mr.. +.
!. McClung, was approved:
eve, the stockholders Of the
'ockbridge Mutual Insurance Com
any, do appreciate efforts made
y our able president, secretary
nd treasurer and board Of direc-
Drs IN the general conduct Of the
uslaess Of the company, and do
lost heartily thank them for the
ame."
Shooting of Bats
The Churlottes vile Progress has