Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1909-04-30

full power to represent SUCH meHlDer. dSs
at such meeting.
Sec. II. The treasurer Of such COM
pany shall give such bonds to the com7
pany in such sum as the directors Sna!i
determine, to be approved by the presi-
dent and secretary.
Sec. -. The directors may authorize
said treasurer to loan or, first real esth his
securities such sums of money IN ms
hands as they may determine or az,
thorize him to deposit any and az s sums as
of money in his hands in such BANK or
banks as they may designate.
Sec. Ii. No township mutual Tre III,
surance company heretofore ORGANIZED
and no company organized pursuant 70
side of the limits Of the town or towns
In which such company is authorized by
its certificate or articles of ncorporaIion
to transact business. except as herein
after provided; nor shall any township
mutual fire insurance company insure
any property other than dwellings, ana
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 come
ton Herewith, buttermakers' dwelling
houses snts lam and 8, contents n6nnacti and t barns ana con-
property within the, limits of any city or
village except that located upon lands
tCludlly uSSu " ldl1JlAlNH VI
purposes. but whenever .he dwelling
house of any person insured is within
the limits of a town where the company is
authorized to do business, and the farm
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
side Of such limits.
Sec. II. Any member may terminate
his membership. in the company by CIV
| Srr x1,ri{t@- ~r+S,o 10 tho Cnnrlf2IV Qnh
paying the withdrawing members share
Of all existing claims. Non-residents
owning property in any town where any
such Company is authorized to do bust,
ness may become a member with all
rights thereof except eligibility to Office.
The board Of directors may; by a ma
policy by giving written notice of the
cancellation to the member holding such
policy.
In case Of annuln1ent Of any policy the
action Of the board Of directors shall be
recorded in the minutes Of the meeting OF
Sec. is. 4 township mutual fire in,
against loss or damage ~ fire or light
a term Of more than five Is. years.
company may collect BY advance assess,
emergency fund not exceeding two mills
on a dollar Of the tota! noun ~ of 1n+
which assessments may be used.
Sec. IT. Such town insurance com
in conjunction with adjoinine companies
of the same class, and in such case they
are not confined to the towns in which
business; but no such insurance Of a
joint or partial risk shall be valid or
binding upon the company insuring the
same until arnroved by :" such com
roriac Io11ir~ rrinr ricEC IN nr0nPrfv so
insured. and the total amount Of such
joint insurance on any one piece OF
property shall in no case exceed the total
property is insurable by such company.
Sec. is. The president and secretary
Of such company may accept all APP
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 aa fre or 1 l1ght anerT
application for insurance made to any
authorized officer or agent, until refused
by the proper officer, shall be OF the
same force and effect as a regularly Is
and from the time Of it's receipt by an
officer or agent, the property spec1ied
sure ed in the same manner and to the
same extent as if covered by a regular
policy issued according to law and the
that there shall be no liabili+~ on such
application against any company THAT
has not at any annual or special meet
ing, by proper resolution, ADOPTED the
equal force and effect with regularly Is
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
share of losses or damages sustained by
The same shall be kept on file with
the secretary.
Sec. 10. Every such company may
classify property Insured under different
rates, corresponding as nearly as pos
sible to the greater or less risk from tre
such differences. Whenever any, loss
shall be ascertained which exceeds IN
the secretary, or in his absence, the
Who shall levy an assessment upon each
pn1iSy1h07 %Sioh f hs should eai p propf to coSes
row not to exceed two mills on each dol
lar + of insurance gra fsow wri E1cR f fyna i p pnq sneR
losses, and afterwards levy assessments
to pay such loans.
If the fund for the OF ek "a.
deficiency may be added to any ASSESS
Suits at law may be brought against
refuse or neglect to pay any assessment
made upon them by the provisions OF this
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 in
dividual capacity to the person sustain
ing such loss.
It shall be the duty of the secretary
whenever such assessment shall have
been completed, to Immediately notify
every person composing such company,
by letter sent to his usual postotlce I'D,
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
moro than ninety days from the date Of
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
Sec. 20. Every member sustaining loss
or damage by fire or lightning shall i'm
mediately notify the secretary, who. It
m the cl fdFqhS sTfsee aon shass t h"ne diTacf aSsafS'
The directors shall appoint a
of three members of whom the secretary
shall be one, to ascertain, the amount OF
such loss, with authority to examine wit
authorized to administer oaths.
Whenever the bylaws SO, provide. he
may act in place Of and with all the au-
thority Of such committee: and When the
claim does not exceed three. hundred dol
lars, the loss may be ascertalned by the
president and secretary. or either. with
like authority.
In case Of failure Of the 3es parties a. u to
tually agreed that the amount of such
loss shall be referred to three disinterest.