The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1909-04-30

duly appointed in writing as her proxy.
| and such proxy so appointed shall have
| fuli power to represent such member as
fully as If she were personally present
| Sec. II. The treasurer of such COM
pany shall give such bonds to the com,
pany in such sum as the directors shall
determine. to be approved by the presi-
/ dent and secretary.
Sec. H. The directors may authorize
| said treasurer to loan on first real estate
hands as they may determine, or au-
| thoriZe him to deposit any and all sums
of money in his hands in such bank or
| banks as they may designate.
Sec. 3D. No township mutual fire in
| surance company heretofore organized
and no company organized pursuant TO
side of the limits of the town or towns
| in which such company is authorized by
| its certificate or articles Of Incorporation
to transact business. except as herein
mutual fire insurance company insure
any property other than. dwellings and
| their contents, farm buildings and their
contents, live stock, farm machinery,
! hay. grain in the bin or stack, churches,
schoolhouses, society and town halls.
country blacksmith shops. and their con-
the barns and contents used in connec-
| ton Herewith, buttermakers' dwelling
| houses and contents, and barns and con-
| tents used in connection Herewith.
No such company shall insure. any
| property within the limits of any city or
village except that located upon lands
actually used for farming or gardening
purposes, but whenever the dwelling
house of any person insured is within
the limits of a town where the company is
authorized to do business. and the farm
on which such dwelling is situated is
partly within and partly without such
| town, 1t may include in such insurance
any out buildings. hay, grain, stock or
other farm property on such farm out
Sec. IA. Any member may terminate
his membership in the company by CIV,
ing written notice to the secretary and
paying the withdrawing members share
of all existing claims. Non-residents
owning property in any town where any
| such company is authorized t. do busi-
rights thereof except eligibility to office.
The board of directors may. by g. ma
jority vote thereof. annul and cancel any
policy. by giving written notice OF the
policy.
In case Of annulment Of any policy the
recorded in the minutes of the meeting of
the directors.
Sec Is. A township mutual fire in
surance company SHALL insure only
against loss or damage hr- fire or light
ming and it shall not issue any policy for
term of more than five co years.
Sec. 16. The directors Of any such
ment and maintain in its. treasury an
emergency fund not exceeding two mills
on dollar. of the total amount of in.
o losses in and or used for
Sec. II. Such town insurance COM
panies may issue joint or partial risks ks
of the same class, and in such case they
are not confined to the towns in which
they are otherwise authorized to do
joint or partial risk shall be valid or
binding upon the company insuring the
same until annroved by ~ such COM
insured and the total amount of such
joint insurance on any one piece of
property shall in no case exceed the total
GI v i euoS
Sec. IS. The president and secretary
of such company may accept all ap-
plications and sign and issue policies.
agreeing in the name of the company
to pay all losses and damages, not ex-
ceeding the sums named In the policies.
sustained by reason OF fire or lightning
for the term therein specified, and every
application for insurance made to any
authorized officer or agent, until refused
by the proper officer, shall be of the
sued policy pfs am and cont contract of Insurance.
and from the time of it's receipt by an
officer or agent the property specified
in such n Sa 4h BE snd to- the
same extent as If covered by regular
policy issued according to law and the
regulations Of the comnany,: provided.
application against any company that
has not at any annual or special meet
ing. by proper resolution. adopted the
equal ea force and effect with regularly is
sued policies.
Before the delivery Of any policy the
MUM and policy fee and take the writ
ten agreement of the insured of even
date Herewith. which shall be embodied
in his application, to a pay a pro rata ia.
The same shall be kept on file with
the secretary.
.classify property insured under different
rates, corresponding as nearly as pos
sible to the greater or less risk from flre
and issue its policies in accordance with
such differences. Whenever any. loss
shall be ascertained which exceeds in
amount the cash funds Of the company ny:
president, shall convene the directors,
who shall levy an assessment upon each
pocyhoidsr for s, the prop9 or onase
such excess; or the company may bor-
row not to exceed two mills on each dol
lar of insurance written by It and then
losses, and afterwards levy assessments
to pay such loans.
II the fund for the payment Of OK
penses is insufficient the amount of the
deficiency may be added TO any assess
ment.
Suits at law may be brought against
any member Of such company VINO snaiI
refuse or neglect to pay any Isl tent
act and the directors of any company SO
formed who shall willfully neglect or re-
fuse to perform the duties imposed upon
them by law shall be liable in their n
dividual capacity to the person sustain
ing such loss.
It shall be the duty Of the secretary
whenever such assessment SHAH haze
every person composing such company,
by letter sent to his usual postofhce ad,
dress, of the amount of such loss, and
Of and Of the time when and to whom
such payment is to be made but such
time shall not be less than, sixty. nor
more than ninety days from the date OF
such notice, and every person designated
to receive such money may demand and
receive two per cent, in addition to the
amount due on such assessment as afore-
said. for his fees in receiving and paying
over the same.
Sec 20. Every member sustaining loss
or damage by fire or lightning shall i'm.
mediately notify the secretary. VINO. II
may forthwith convene the directors
The directors shall appoint a committee
of three members Of whom the secretary
such loss, with authority to examine wit
nesses, to whom the secretary is hereby
authorized to administer oaths.
Whenever the bylaws SO provide. he
thority of such committee: and when the
claim does not exceed three hundred dol
lars. the loss may be ascertained by the
president and secretary, or either. with