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

- NAF TN|AAtFHL 2uG IU LPHNLI
sections 1941-3. 1931-6. l941-s. ard
4s4l-is 81 Tie sgatu-es relating ~ city
and village mutual FIRE Insurance com
uanlss
The pope u the state Of wi.consia. zen.
resented y Senate and Assembly. do en
acf as follows
section / sect.oAs ro41-2 1o41-s.
1871, Iy4l-9, 194f-f0. Igf1-II. and
read section 1911 Unless other
wise provided D. the cc1st sutton or By
laws u any city and yilage mutual fire
insurance e9mP4ny' the drsc.Ors, subse
BY Lallot 81 the annual meeting which
shan k Hed IN tie taird
Monday q January q each year. unless
some 0tLeF cay ~ fxed 1 er.far III 4
mafO+ify o. the votes 81 such corDorafion.
Every IeF-0n t@s-red sail ave one vote
al sucl eiaetiOr and the TRANSACTION u
all other b~usiless, except as otherwise
pr0Fidei By law. may b. deferrain q viva
VOC Or By ballot a. ire b. avs or other
rules ana regulations prescribe. .
No person H4a yOie = - T. excapt
women, ard 70 person shall cast more than
section 1s4l-5. such corporations may
inFfre DO ertr 1000 90.
where IN this state but IN 10 case shah
aHy s-sle l.sk exceed atteen
cepf that any such corporation having 4
sur iua may In ure q sin le risk in an
sm0-nt not exceeding one eight u one
per ceniHm Of tie insurance in force, nor
tsn y g ee1tHm D. be 4. rDlus. n~r 10 4
coed three thousand dollars on anv single
risk. 10 policy shall be les led for a term
VI more tan three years
y euol le4l-s Whenever the amount
amount II re cash funds Of The CORPORA.
uonr the PRESIDENT, or IN hts absence, the
yics-pfesid nj shall convene Ire hoard ~
directors Who shan make an assessnent
upon az . 0p rty insured IN urrporf a
70 the amount thereof and the rats under
which may bHve ben cla~siasd. snfh-
cieui az least 70 pay such loss provided
thai such board may assess up 70 four
mills even II such loss Should not require
such an amount. Whenever sneh asaeas.
ment shall hage been o0mnlst - the secre.
tnry shall Immediately cause TO b. pub
lished for three IONS s tive peess In such
weekly new apaper, printed within fh- rltv
Or village, Il any. In which the once q
such company is located, otherwise 10 such
newspaper printed With the county AZ
the board Of directors may designate. =
notice stating the time when such assess
meut vas levied and the lime when
the same becomss due said notice. tcgeth-
er win the p-o1f % the . -biicnticn there
~ shall be conclusive evidence Of notice
VI such assessment OR the al.
recfoFs may. for the purpose OF paving
iossfs within the limit hereinafter spacf-
ned borrow a sun not exceeding one-f0urfh
OF the premium and interest income Of the
company fer rhe preceding year for a fine
rot exceeding sx mouths ct 4 rate Of Ia.
terest not exceeding seven per cent. and
may. on or be5Ore the maturity Of sueh
loan levy an assessment upon the members
at The time 81 the makisg Of such ioau
for the payment ~ the same and interest
No such loan shall be renewed. Within
thirty days after the lcvying Of
such assessaent the secretary shall notify
every member BY letter or postal card sent
70 the usual poatofHce address, Of fbe
amount q such assessmen-, ard the sum
due from him % his share thereof. and the
time within which and to whom payment
Is % BE- made. which time shall not be less
sixty days from the date Of such notice.
II the assured NEGLECT 10 MAKE
paYment q any assassment within the
time specified In the notice seat him. his
policy shall BE- null and void until such
Is paid, and also his pro rata
share o. all other assessments which NAV
BE- levied during the Suspension OF the
poIlcy on aeeotnt q the non-payment OF
q previous assessment.
Section ln41-10. An action az law
may Be brought against any member OF
such corporation who shall refuse or neg.
lect % pay any assessment made upon
hts Insured proserfy AMI the directors Of
any such corporation who shall wiIfnlfy
Or refrse for thirty dnys to per.
form the duties Imposed upOn them BY
section 1913 shall be Jointly
ana s~everally liable In their nd yidual ca.
10 The persons sustaining such loss.
Section 1off-11. . : ANY poilev
may be cancelled as provided In section
l"4l-62, upon the payment b. auch nom
her ~ his portion o. all the liabilities out
stand ng ct the time Of such eancellaton on.
and the liability on the part Of such mem.
on such policy shall cease.
section ig41-1i ANY policy
secretary . % every such corpo-
shall, on OF before tue first day II
February In each year make
such report as NAV
he required BY the commission
Err Of Insurance.
Section . Section i041--3. 10f1--G, !
aud 1941-13 {. the statutes are
hereby reneaied.
Approved June 10. 1903.