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

county.
Section l. Be it enacted by the Legisla-
ture of Alabama, that all towns and cities
owning and operating a dispensary are
hereby granted the power to contract
with the governing body of the county
OF it's location to donate to such county,
| not exceeding fifty per cent Of the net
revenue derived from the operation Of
| such dispensary for the purpose of pay
| ing the interest upon and providing a re-
dempt:on fund for any bonds issued by
| such county for the construction of pub
| lie roads therein. Provided, that this act
! shall not apply to cities and towns hav-
| Inc dispensaries where a division of the
| profits with the county is already provid-
ed and, provided further, that this act
| shall not apply to cities and towns in
watch dispensaries may hereafter be es-
| tablished, part of whose net revenues
| go to the county in which they are To-
| Gated.
Approved March 6, 1907
Official:
Frank N. Julian,
Secretary of State.
No. 203) AN ACT OI. 623
| To amend Section 1854 of the code of
| 1896
Section l. Be it enacted by the Legls-
| lature of Alabama that Section 1884 of
| the code of 1896 be and the same is here
| Ny eihiCiidSu SO DIS 10 Tedu DIS IollDNS.
26S4 annual statement TO be filed with In
surance Commissioner; forms, contents
and publication: designating agent for
service OF process; gross premium tax
penalties: No foreign insurance company
shall be admitted and authorized to do
business in this State until: First: 1t
shall file or deposit with the Insurance
Commissioner a properly certified copy of
its charter or deed of settlement and
statement of its financial condition and
| business on the thirty-flrst day of De-
cembar next preceding, in such form as
has been determined upon a the last con-
vention of Insurance Commissioners of
| the United States Immediately preceding
the year in which such statement is fled
with such additional information as the
insurance Commissioner may require for
the protection of Alabama policy holders
(a.) All companies must state the total
amount of gross premiums received desig-
mating the amount received in this State
and shall at the same time pay to the
insurance Commissioner the following
amounts, that is to say, each fire insur-
anc company shall pay the sum of one
and one-half dollars upon each one hun
| dred dollars of said gross premiums so
received in this State, and every other in
surance company shall pay the sum of
two dollars upon each one hundred dol
lars of said gross premiums so received
| ing to make such returns accurately
and in full at the time of filing
the annual statement shall pay to the
State, in addition to said taxes the sum
of five hundred dollars within sixty days
from the date of notice of such delin-
quincy and shall be debarred from trans
! acting any business of insurance in this
State until said taxes and penalties are
fully paid
OBJ Its statement shall be subscribed
under cath by the President and Secre-
tar, or other CHIEF officers or managers,
and shall be renewed annually on or be-
fore the first day of March of each year
| Cbut the Insurance Commissioner may for
good cause extend the time) or as soon
thereafter as the Insurance Commits
sioner may require, and shall contain
full report of Its condition as prescribed
/ in this section, on the thlrty-first day of
December, preceding which statement
shall be published by it at its own ex-
pense in a daily newspaper of general
circulation in this State. Upon failure of
an company to comply with this sec
ton promptly. fully and correctly, such
company shall forfeit its right to do bus
mess in this State for one year there
after, and shall pay to the State the sum
of two hundred and fifty dollars and
shall forever thereafter be debarred from
doing any business in this State until
such renalty is full paid.
tc) The annual statement of a company
OF a foreign country shall only be re-
qulred to embrace its business and con-
ditions in the United States.
| td) Any company wilfully making a.
! falje annual or other statement required
! of 1t by law, and persons making oath
to and subscribing the same, shall be Sc
Verely punished by a fine OF not less than
| five hundred dollars ($5O0.0o) nor exceed
ing one thousand dollars ($1,oO000), and
any person making oath to such false
statement shall be deemed guilty of the
! crime of perjury, and punished for such
| under the criminal laws of this State
Second. 1t shall satisfy the Insurance
Commissioner that 1t Is fully and legally
organized under the laws of it's State or
government to do the business it proposes
to transact, that if life insurance COM
PAM, it has on deposit with the Treas
urer OF the State, or with the proper
officer of some other State securities to
the actual cash value OF at least one
hundred thousand dollars C$1O0, 600 00), con-
ssting of bonds of this State, the United
States. or the State in which such COM
pany is organized. or note or bonds Sc
cured by mortgages on real estate for
double the amount. and such companies
shall file with the Insurance Commits
soner the cetihcate of the official with
whom the securities deposited stat
ing the name and amount of each of said
I ponds, notes stocks, and that he Is
satisfied they are worth one hundred
thousand dollars $780, .00D, and that the
deposit is made with him by the COM
! pany for the protection of all policy
! holders and creditors In the United
States; that If an insurance company
other than life, it has an actual paid up
/ cash capital of not less than one hundred
| thousand dollars $4,000 000). OF which at
| least fifty thousand dollars. ESQ 900 0N
| shall be invested in bonds of the United
| states, or other good securities to be
| certified as such by the Insurance Com
| missioner of the State in which said COM
! pany is organized. reckoning the same at
| their current market value; or in lieu Of
| a cash capital stock such company shall
have and maintain warranty capital or
! surplus above all liabilities. including re-
| insurance reserve of not less than one
| hundred thousand dollars 5000 900 0O).
Provided. however that companies trans
| acting the business of plate glass or live
| stock insurance exclusively shall not be
plus of more than fifty thousand dollars
| (S50,0G) 00).
/ Third. It shall by duly executed in
/ strument filed in the office of the Secre-
| tary of State constitute and appoint the
| Insurance Commissioner. or his successor
| its true and lawful attorney. upon whom
! all lawful process in any action or legal
| proceedings against 1t may be served
and therein shall agree that any lawful
| process against 1t which may be served
upon it's said attorney shall be of the
| same force and Validity as If served on
| the company and that the authority
| thereof shall continue in force irrevoca-
| bly, as long as any liability of the COM
| rtcta ,di in