The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1905-04-29

ing with the provisions of this act shall,
on all policies issued by it subsequent
to incorporation or reorganization under
change for or REIMBURSEMENT of any, poll
cies previously issued or assumed by IT,
charge and collect as premium consider
alton for each of such policies a sum
which shall not be less than the net pre-
MUM required by the actuaries' com,
bined experience table of mortality, and
four per cent interest or the American
experience table of mortality, with the
sZ-~s rate of interest, together with rea-
sDlhbie charge added thereto as an eS-
rs.liss loading.
And no insurance company org ORGANIZED NEE
or authorized under this act shan owl W.
operate or engage in any other business
than that Of life insurance. as herein spe-
officially defined and authorized.
And it is further provided, to-Wlt: a ~
l. Every such company ORGANIZED "
authorized to transact business und du:
this act shall conduct its business IN t ms
state in it's own corporate name, ai ies, ~,
policies and contracts of insurance ISSUED
by it shall be headed, or entllleu' oilly
by it's proper or corporate name. ana
when any such company puDllslles us %,
SETS it shall in the same connechbil1u a ~
with equal conspicuousnesS, puDliSi IT'S
liabilities computed on the DaSls alloWeu
for it's annual statements; ana IN case
of a stock company any pupl1catlon pur-
porting to show it's capital snali exh1o't
only the amount of such capital as has
actiailv been paid in cash. Any company
or agent thereof, issuing or circulating
advertisements in VIOLATION or TINS pro-
not less than twenty-five dollars, or more
than five hundred dollars.
O. ANY company that neglects to make
and file it's annual statement in the form
and within the time as provided in this
act shall forfeit one hundred dollars for
each days neglect, and upon notice by
its authority to do new business shall
cease while such default continues.
For wilfully making a false annual, or
law to make. an insurance company and
the persons making oath to, or subscrib-
fng the same shall severally be punished
by, fine of not less than one hundred Ire;
lars. And provided further, that any per
son making oath to such false statement
shall be deemed guilty Of the crime OF
perjury.
3 Any officer or agent Of any life 1nsur,
ance company organized or authorized
under the provisions, Of this aft % Iae
been issued by the insurance comm1s,
sioner to cease business, or to the effeGt
that it's license has been revoked, shal
for each offense forfeit a sum not exceed
ing one hundred dollars:
4. The insurance Commissioner. shall
have power to examine under oath any
person or persons who may have been en-
ployed by such company, or who may nave
sold securities to or purchased securities
from any such company, or VINO may nav, nave
obtained loans from, or negotiated loans
for. any such company. or who may have
sustained any other business relations
with the company at any time Wlthn
any such transaction: and any person
who shall refuse to testify thereto shall
be punished by fine not exceeding one
thousand dollars for each offense
5 Whoever without justltiable cause
neglects upon due summons to appear and
testify before the commissioner as pro
,v,1 x1,hn
iner. in making his examination of an
insurance company, shall be punished py
dol nns O. or by imprsonment for not more
e. Anv empioye or clerk of any such
sS{ wh % shell
records of any. such company snail De
punished by fine Of not more than one
hundred dollars for each oftense; ,i ana 1ea any
irgly contribute to the making of any
false annual statement or Other, state
ment that such company Is re s}oh ef. by by
menr shall subsequently be issued unoer
oath, shall be deemed guilty Of the crime
of s,:bornation of perjury. 80 +,;.
act, the nature Of which violation is not
defined by the laws of this state: or py
this act, and the penalty whereof IS not
fpnda' shall be punished by a fine of not
moro than five hundred dollars o
lot That It. s sGd the same Is
amended to read as follows: ,o,
Meetings. ~ Proxies. - There shall be
hold an annual meeting or 1ne 1'e nresns
led or reorganized under the PROVISIONS
Of this act, of which annual meeting
the members or 9sNa ,n s advance
either by way of a written or printed
notice. Provided that if it shall be rro-
posed to amend the artc;eS OF lncoppo ORG,
tract. then such notices shall be malied 1
to the members or stockholders at least
sixty days in advance. as proVloea ny
other sections of this act.
Special meetings OF the nennpers VI
stockholders Of any such company may
be called by order of the noara OF dir +Is+
written or printed notice be glven, me
members or stockholders. at least thlrty
days in advance of the day upon winch
such meeting is to be held.
IT, however, it be proposed to amend
the articles of Incorporation, or enter into
any reinsurance contract, then the no
mailed to the members or stockholders at
least sixty days in advance, as provided
by other sections Of this. act.
1t shall be the duty Of the directors
or trustees, or president and secretary;
of any such company to call a; speclal
meeting of members or stockholders
whenever they may be Ie eneu 10 40 u9 ST ST
such special meetings written or printed
notice shall be given only In such form
and under such restrictions as the lnsur-
ance commissioner may require or ap-
prove. - 49,, .,
company may be represented oy Proxy at
no proxy shall be valid for PERIOD OF
more than one year from GATE tnereo1.
No person other than a member or stock
n
mitted to hold or vote proxy; and no
such person shall procure, hold. or vote
proxies representing more than one-tenth
pany or more than one-tenth of the total
@ eEcept as hereafter provided: re
board of directors or trustees may co.. ~
nroxies: provided. however, that any
member of the board of directors or
trustees shall have the right fb upon nTox zee
Of all those held by the board Of directors
or trustees collectively, as snail equal
an exact apportionment of same same, among mons
hose directors or trustees actually. pres
snt and participating in such meeting: -,
Sec %. This act shall supercede an
provisions of any existing law IN CONNECT
Sec 20. This act shall take effect and
be in force from and after the date of Its
Approved April II. 1905.
CHAPTER 236-S. F. NO. 242.
AN ACT authorizing physicians from
other states to practice medicine IN
Be it enacted by the Legislature of the
State of Minnesota:
Section 1. That the state medical ex.
amining board, either with or without
examination, may grant and license to
any physician licensed to pIactl zee oy ,ha
holds certificate of registration showing