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


nature shall be entitled to his costs
against the adverse party; and in case
such writ shall appear to have been
TOR the OF DELAY
costs to the prevailing party.
Sec. 8. If any writ of certiorari shall
hereafter be issued contrary to any pro.
vision of this act. or shall not be served
upon the adverse party within said
period OF sixty days. the party against
which the same is so issued may have
the same dismissed on motion and affi-
davit showing the facts and shall be en-
titled to his costs and disbursements the
same as in other civil actions.
sec. o. rms act shall take erect and
be in force from and after its passage.
Approved April %. 1909.
CHAPTER 411--H F. NO. 26s.
AN ACT to provide for the organization
and regulation of township mutual fire
insurance companies transacting the
business OF INSURANCE. and repeating all
laws In conflict with the provisions OF
BE 1t enacted by the Legislature of the
State of Minnesota:
Section 1. 1t shall be lawful for any
fve (25), residing in adjoining towns in
this state, who shall collectively own
property worth at least fifty thousand
(SoO,OOO) dollars. to form themselves into
a company or corporation for mutual
insurance against loss or damage by fire
or lightning. No. such company shall
the aggregate at the same time.
Sec. 2. The persons who desire to form
a township mutual fire insurance com
pany as defined by this act shall make.
sign and acknowledge before some off,
Ger, competent to take Acknowledgement
of deeds, a certificate of Incorporation
]. The name
2. The location of the principal office.
3. The general nature of the business.
4: The territory in which it desires
5. Who may become members.
g.. Source from which the corporate
funds shall be derived.
7. The class of property it desires to
insure.
s., In what board its management
shall be vested.
10. The corporate existence.
1t may also contain any other lawful
provision defining and regulating the
powers or business of the corporation. it's
Sec. 8: The certificate of every such
corporation shall be presented to the
Spova snd r Of :, for his
shall endorse thereon such approval and
the certificate shall then be filed in his
SStfice and shall be recorded in a book
Kept therein for that purpose. Upon the
approval of said certificate and the filing
of the same with the commissioner the
corporate organization of such incorpora-
ton shall be complete.
Sec. 4. Every corporation formed un-
der the provisions Of this chapter shall
l. 10 have succession by it's corporate
name for the time stated in its certificate
OF Incorporation.
2 To sue and be sued in any court. ;,
g. To have and use a common seal
and alter the same at pleasure.
4. To acquire by purchase or other
wise. and to hold. enjoy: improve. lease,
sonal property necessary for the purposes
of its organization. subject to such linn
stations as may be imposed by law or by
Its articles of INCORPORATION.
g.. To elect or appoint in such manner
as it may determine all necessary OR
proper officers. agents. boards and com,
mittees. to fix their CONDENSATION and
define their powers and duties.
6; To make and amend. consistently
with law. bylaws providing for the man
age snd Of Its property and the regu
Z. To wind I'D and liouidate its bust
ness in the manner provided by law.
Sec. 3. The first board of directors
effective until and except as amended
by the members at any regular or spe-
cial meeting called therefor.
Sec =. A copy of the bylaws of every
such CORPORATION. certified to by the
president and secretary of the CORPORA
ton. shall be filed with the commissioner
of insurance. and anv amendment to the
bylaws shall within reasonable time
after such amendment shall have been
adopted by the members of the corpora
rotary. be filed with the commissioner.
Within ninety 600 DAYS after the pass
age of this act every. township mutual
insurance company doing business with
in this state shall cause copy of its bv-
laws to be certified to by it's president
and secretary and shall file the same
with the commissioner of insurance, and
thereafter every amendment to the by
laws of any township mutual insurance
company heretofore organized. duly GER
titled to by it's president and secretary.
a af re
adoption, be filed in the Office of the COM
missioner of insurance.
pursuant to this act shall be for period
not exceeding thirty 600 years in the
first instance. and may be renewed from
time to time for further. term not ex-
resolution expressing such proposed re-
newal by a two-third (2-3) vote of all
its members present and voting at any
regular meeting of such corporation. or
at any special meeting called for that
purpose, the notice for which shall clear
ly specify the object of the meeting.
shall be adopted the same shall not take
effect until copy thereof duly certi-
fed to by the president and secretary of
such corporation. under. its corporate
seal, If it have one. shall have been APP
proved, filed and recorded in the same
manner as is provided herein in case Of
the original certificate of INCORPORATION.
Sec. 8. The certificate of INCORPORATION
may be amended in respect to any mat
ter which the original certificate of in
corporation might lawfully have con-
specifying the proposed amendment at
the regular meeting or a special meet
ing called for that expressly stated pur-
pose, by majority vote of it's members
vote of its entire board Of directors.
within one year after having been there
by duly authorized by specific resolu-
ton duly adopted at such meeting of the
members, and by causing such resolution
to be embraced in a certificate duly ex-
ecuted by it's president and secretary I'M
der the corporate seal of the company,
II 1t have one, and approved. filed and
recorded In the manner prescribed for
the approval, filing and recording of the
original certificate.
Within ninety 600 days after the pass
age of this act every township mutual
ganized shall cause. to be made and filed
with the commissioner Of insurance a
certified copy Of its articles of incorpora-
ton and all amendments thereto. which
with whom the same has been filed and
the said certified copy shall be fled with
the commissioner of insurance and re-
corded in q book kept for that purpose.
and thereafter ali amendments to any
certificate of incorporation, or articles
or Incorporation. OF any township mu-
tual fire insurance company. organized
under the law of this state. either before
or after the passage of this act. shall be
presented to the commissioner Of insur-
ance for his approval and. II the same
be approved. it shall be filed in his office
and recorded in book kept for that pur-
pose, and all said amendments shall be
effective from and after the date of their
approval and filing.
Sec. 8. Any township mutual fire in
surance company heretofore or hereafter
organized under the laws Of this state
may at any regular annual meeting of
Its members; or at any special meeting