The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-25

their rendition; but no execution shall H..
sue within less than ten days after the
rendition of the judgment unless the party
in whose favor 1t ia rendered, make dfh-
davit before the Judge or clerk In person
or through his attorney that in his opils
lon he is in danger of losing the fruit
of his Judgment. Alias executions may
issue at any time. Executions must be
made returnable within sixty days after
the date of issuance
49, The court shall not convene sooner
than ten a. M on the first day of each
term.
40. This act shall take effect imme-
diately upon its approval, and the court
may be organized and transact business
for the remainder of the unexpired term
as if the court had been in existence at
this act.
Approved February 20, 1907.
Official:
Frank ". Julian,
Secretary of State.
No. 347) AN ACT III 243.
To enlarge the insurance laws of the
State
Section 1. Be it enacted by the Legis-
lature of Alabama, that in addition to
the laws now of force companies or mu-
tual associations of persons at least two
of whom shall be citizens of the State,
may be formed and incorporated for the
purpose of carrying on the business of
insuring the health and lives of horses,
mules and cattle or other domestic live
stock. under the rules and regulations
now provided by law, and such bylaws
as such companies and associations may
make and publish before beginning such
business; provided, however, that they
are not in conflict with existing law.
And provided further, that such compa-
MES or associations shall not have power
to issue policies, or make contracts of in
surance until same shall have filed with
the State Insurance Commissioner a GER
titled copy of it's articles of incorpora-
ton, accompanied by statement IN due
form, showing the place where is 10
Gated its principal office and list of the
names and postohice addresses of at least
twenty-five bona fide subscribers to mem
bership in such corporation or associa-
tion no one of which shall be worth less
than one thousand dollars i'll taxable
property and shall have been regularly
licensed by the State Insurance Com
missioner TO enter on such business.
Sec 3 That before beginning such
business of insuring live stock any com
pany or association formed or organized
therefor must have not less than six
thousand five hundred dollars of capital
stock and fifty per cent Thereof shall
be paid in cash before such company or
association shall begin the business of
insurng. they shall deposit with the in
surancc commissioner two thousand dol
lars. And shall pay to the insurance COM
missioner in advance a license fee of
twenty dollars annually as a privilege tax
for doing business
Sec. g. That every such company or as
ISOLATION shall on or before the first day
of March of each year file with the in
surance commissioner report OF It's
operations during the preceding calendar
year, including the number of existing
policy holders, the aggregate amount OF
outstanding policies, the total amount
OF expenditures and receipts, and the ag-
gregate amount of the assets of the COM
pany or association, and shall pay to the
insurance commissioner a tax of one per
cent on net premiums received in this
State curing the preceding calendar year.
meaning gross premiums, less return pre-
NUNS, provided that any company pay
ing to the State a tax on it's property or
shares may deduct such amount so paid
from the one per cent tax herein provided.
Sec. 4. Any company or association
failing or refusing to make such report,
and pay such taxes as provided by this
act shall not be licensed by the insur-
ance commissioner, and any company or
association issuing certificates or poll
cies without such license, may be en-
Joined by the insurance commissioner or
by any citizen, in q court of competent
Jurisdiction, from issuing certificates OF
policies, and upon injunction being MADE
permanent any officer or agent OF sucn
company or association, upon convie-
ton OF issuing, or pretending to issue
any such certificate or policy thereafter
shall be fined not less than ten nor more
than one hundred dollars or may be I'M
prisoned not less than ten nor more than
one hundred days for each sucn Oh
Approved March Il, 1907.
Official:
Frank n. Julian,
Secretary of State.