The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1905-02-22
FIRE INSURANCE
COMPANIES REGULATED
BY SCOTT BILL
Will be Required to Contrib
ute to support of Fire
Departments.

Council Till No. - by Mr. SEQ {. An
Act requiring the payment Of certain
premiums TO the ere department Of
incorporated cities by fire Insurance
companies doing business in this ter
ri Dry. for thu purpose Of creating L
fund for he benefit Of TIE members
and he IRE departments OF such
cities AID providing for the collce.
ton and distribution Of the same. BE
il enacted by the Legislative AS
semhly of the Territory Of Oklahoma.
Sec ion !. Thas every fire insurance
company Corporation or 1ciation
no, Incorporated by ihe laws of This
territory, doing msiness ir any inccr-
porated city nf .his territory. hav.ns
or that may hereafter have q regular.
y organized fire department under
control of the mayor and council OF
said city and having in serviceabie
condition for FIRE duiy fire appara-
tug and necessary equipments belong
ing thereto, to the value Of one thous-
and dollaes or upwards shall return
to the superintendent of insurance 90
the Terftry OF Oklahoma a just and
true accoun.. verified by oath. that
the same is a true account of ali
premiums receiged from fire insur.
ance business lorc in such incorpcr
ated cities during the year ending
Decembe. Il. or such portion thereof
as they may have transacted in such
cities. Such return must be made by
said companies within Sky DAYS afte,
the lhhry-nrst day OF December os
each year.
section .. Every fire insurance
company aforesaid shall within sixty
days after ,ho thirty-hrst day Of Des.
ember each year. deliver and pay to
the peeintendeni of insurance of the
Territory OF oklahoma the sum OF two
dollars ppoa the one hundred dollars,
and at this ra upon the amount OF
all premiums writer on fire and
lightning within The limits Of said in.
corporated city. during the year end
ing December 81 Of each year, or FOR
such per ion of srch period as sail
company shall have done business In
such city.
Section 9 Every such company
shall keep correct books Of account
Of ali business done by them on fire
and Lightning insurance within he
limits Of such incorporated city and
in case Of any fraud or dishonesty in
such returns made by such company
as provided by section oae Of this act
be aprdreNt, It shall be the du y OF
the stpernfondeni OF Insurance TO
investigate such returns and collec,
the amount which he shall find to be
due.
Section 4. Every fire insurance
company who shall neglect 20 keen
such books of account as aforesaid, or
shall fai. or neglec. to report or pay
over any of the mcney due OH prcmi-
ans received as aforesaid. at the
time and in the manner specified IN
he preceding section of this Act, ar
shall be found upon examination 10
nave made false return OF business
done by them. shall for each offenso
forfeit three hundred dollars for tho
use aad benefit Of such fire depart
men Of such city. to be received in
a civil action in the name Of the city.
Section >. IN case Of making Al
default in payment or in ease Of fail
ure to pay ana satisfy any forfeiture
adjudgel to he due by the provisions
Of this Act. tie superintendent Of in
surance shall forthwith revoke any
Ger ihcate Of authority previously ISL
sued under which such default shall
have occurred. bur such revocation
shall net release any forfeiture pre-
viously incurred and thereafter it
shall be unlawful fo- any such com
pany 10 do further business until re-
instated by the superintendent Of in
susance.
Section G. The superintendent Of
insurance siall Tsy over all Of he
money so collected from The insurance
companies. a sociaiionb OF corpora
lions doing business within tie cities
having. or that may hereafter have &
regularly organized fan paid fire de-
partment, with an its members per
manently employed as hrcmen AMI
continuously on duty az snch as
aforesaid II section one Of his Act
to the troasurers Of The respective
cities entitled thereto as aforesaid.
Section Z. Al moneys collected ana
received under The provisions Of this
Ao. shall he held in trust by the said
treasireis aforesaid TO De paid out
and expended as follows: Fifty PEI