Der Sonntagsbote. (Milwaukee, Wis.) 1906-1912, 1909-07-11

~ 1fst aaf o. March In each
feat IS a license zee for transacfIng sach
BUSINESS. two per centnm upon The gross
yHflniums received during he preceding
~ az policies or contracts which
NNh written On the lives OF resi-
cents Or property H. tais state
secticl 1896. Subject to the conditions
tHf manner prescribed by law. q
ys may Be- organized b. fifteen or
Is..oents q this state 10 transact
~ bisness u Insurance and the ~artfcles
-tyt nay De- amended. IN the maurer
e.ssieen - chapter SO Of the statutes.
except thar such articles ana amandr~a.5s
slnh Do fled In the onaea ~ fha co-amss-
: s.'psf p insurance instead OF heing aind
~ re once u the seeretarr 81 atate. ana
sfe submitted 70 and approved By
"e attorney general before filing.
Secrion 8 3 n Insurance eornoration
- " FORMED for the following purposes :
MeElton OF several subjects or risks
thsulance IN any subsection indicates
80 any one or more OF all may be in
Fire Insurance. Against loss or
nfr- properly on land. by FIRE, light
- HLt tempest OF explosion.
Marine Insurance. Vessels freivhts
so'qs moneys. effects, and money loaned
y 1ottoHry and respondents. against The
bSlns ot the seas and other perils usually
aLI1Sseu against BY marine Insurance. IN
GUIDING the risks Of inland Transportation
and navigation.
. Life Insurance. Upon the lives or
.-aitn OF persons. and every assurance per.
- NAr A4u 10 grant. UlTclake or
dispose OF nnnuitiss and WI
Disability Insurance. Against bodily
h.J1.y Or death By accident, and upon the
healtn Of persons.
D Liability Insurance. Against loss Or
9anAge BY The sickness. bodily injury or
-eatn ~ ACCIDENT Of any person for which
'oss or damage the insured is liable.
a. San boier Insurance Against loss
or damage to the property OF he Insured
% % The life person or property OF an
oanel tof which the Insured Is liable,
1880 ~ the explosion Of steam boilers,
pipes engines. motors and machinery CON.
neeted Herewith or opemted thereby
u FIDELITY Insurance. Against the loss
- - oeIenlts OF persons In positions
Sn,Sa eus5 public Or private. and to guar.
obagations other than that Of Insurance.
rite insurance. To examine titles
g reai and personal property. furnish in.
nninal relative thereto and insure
against loss or damage by reason Of IN
eanurance and defects IN titles and
sgslnst non aymen Of principal and IN
tefest OF bonds and mortgages.
!. credit Insurance. Against loss from
the taiirre Of persons Indebted to the as
sured @ meet their liabilities.
~ Burglary Insurance. Against iosa
" damage by burglary or theft. or both.
~ Flate Glass Insurance. Against the
oreakage OF glass. located or In transit
II. Sprinkler Leakage Insurance. Against
tohs or damage by water. caused by the
Ustasake or leakage Of sprinklers, pumps,
- kHNAAIANAAf VI u N4IuIEA.
anu against accidental Injury to such
sprmkiers and other apparatus.
-, Elevator Insurance. Upon elevators
aud vehicles. and 10 Inspect the zane ana
issue certificates thereof.
Il. Live Stock Insurance. Against loss
~ uhnsge TO domestic animals, except By
nre, ana 70 furnish The services Of a vet.
erinary surgeon for such animals.
10. other Casualty Insurance. Against
loss Or damage 70 property By any other
casualty which may lawfully be the SUBJ
seet OF Insurance. and which shall be speei.
he'd In the articles Of Organization. and Tor
which no other provision ,fs maaa ~ Law
rtcsoh 1874. !. Companies may be
iormen upon the stock plan TO Transact
NY kind Of Insurance authorized BY sec.
tion 1897, or upon the mutual plan to
transact the kinds Of Insurance. described
"a snosections ! ?, 3, 4, 8, II. u and IA
OF section 1897.
No company shall be formed Tor the
purpose or engaging In any other Kind OF
insurance than that specified IN some one
Vi me subsections OF section 1897, or more
kinds OF Insurance than are specified in
may be formed.
ga For the purposes specified in sub
sections l, 2. and II; or
~ For the purposes specified 10 sub
tcl For any or all OF tie purposes
snecined In snbseetions 4 to IA, both IN
3 Insurance under each subsection Of
$500 t~- 10 .NNNlNEu ~ hIINNTfTA
ana distinct ~pulicies. except that the same
policy may embrace risks specified IN sub
sections l and - or 4 and 3.
insurance against damage by hail 70
crops shall Be written N separate and dis
anef policies from other insurance men.
TONED IN subsection ! Of section 1897.
section ls9Ih l. The name Of every
corporation hereafter organized doing fps.
mess on the mutual plan shall contain tha
WORD 'mufnai, and II the liability OF the
memners 70 the company aud thereby the
liability Of the company TO the members
snail be limited, the name OF any corpo-
ration hereafter organized shall contain he
words Limited mutual"
? No name shall be used which shall
re SO similar 70 any nam already IN uss
"a 70 m'slead the public 10 any respect
Section 1870. 1. The articles ~ a
mutual insurance company shall provide.
tal That every person. corporation. a..
soemtloh or partnership Insured shall be a
member and shall have one vote.
Oh For amendment OF the articles bv
2 vote o. three -fourtbs OF the members
voting at n regular or special meeting att.
er the proposed amendment has been nled
with the secretary and the commissioner
or insurance and a copy thereof with no
tice or the time and place Of meeting has
4een mailed 10 each member az least thirty
days prior 70 such meeting.
? The articles OF a mutual Insurance
company. subject to the condition that ne
limit
tef ~ tAcbfhANt 70 tptc1ueu kinds or
classes OF property, lives. individuals or
liabilities within any subsection Of section
1S01a
90 The territory within which inaur.
ance shall be granted or
tcl The liability Of members. which
liability shall he the annual premium or a
specified number Of times the annual pre-
mimi.
Section 1s9Td. :. Every insurance cor.
por4tion shall adopt bylaws and prescribe
the manner Ia which the same may be
amended
A copy Of such bylaws and OF any
amendments thereto. accompanied by the
certificate Of the president and secretary
stating that the same have been duly
complete. shall be nled With the commits
sioner OF Insurance within thirty DAYS art
er such adoption. and IA case OF failure 50
e DO each shah forfeit twenty I've dol
lars.
Section 1se7e l. In a mutual iusur.
ance corporation. a statement Of the
agreements or applications for Insurance
with the commissioners Of Insurance In such
form a. he shall require.
Every person making such agree
ulent Pr application shah. after such AZ
ing, aud until the corporation begins 10
transact insurance, be entitled 70 notice
Of and 70 participate Ia all meetings OF
members Of the corporation.
Section 1919 I. No stock insurance
company shall transact the business OK In
surancA unless
tan Il has q capital stock actually raid.
IN cash or invested as provided ~ law.
o. at east one hnndred Thousand dollars
for the insurance specified ia any one sub
section If section 1897
lbl With al additional city thousand
dollars far 4na In aIrnWra. mentioned Ia anv