Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-07-08
60 800, 81 Published April ., 1909


CHAPTER 81, LAWS OF 1909.
AN ACT to amend subsection of section
1927 and section 1910 Of the statutes, re-
lating to the organization and the
amendment Of the articles of town mu-
tual insurance companies.
The people Of the State OF Wisconsin,
represented in Senate and Assembly, do
enact as follows:
Of the statutes is amended to read: 3.
Such articles Of organization shall be sub
scribed by at least twenty-five persons,
residents of the towns therein named,
who are owners of at least twenty-five
thousand dollars worth Of property which
shall be insured by such corporation.
n. Two copies Of the origina! articles,
each accompanied by the affidavit Of two
Of the signers thereof stating that they
ere personally acquainted with the sigu-
crs and know them to be the owners Of
property to the amount stated in said
articles, which may be insured for said
sum, and that such copy Is a true and
complete copy Of the original articles Of
organization. shall be forwarded to the
proved by him and the attorney general,
the former shall file one copy in his office
and attach to the other copy his certiti-
cate of such fling. Such certified copy
shall within thirty days be recorded in
the office Of the register of deeds Of the
county in which the greater number Of
the directors named In said articles re-
side. The register Of deeds shall forth
with transmit to the commissioner of in
surance his certificate stating the time
and place when such copy was recorded,
and shall be entitled to a fee OF twenty
five cents therefor to be paid by the per
son presenting the same for record. Upon
the receipt Of such certificate the COmmts-
siOner of insurance shall Issue certificate
OF incorporation.
b. Thereupon the persons subscribing
said articles and such as shall afterwards
become insured thereby, shall he corpor-
alton by the name mentioned In said aru-
cles with the usual powers and subject TO
the usual duties and liabilities of a cor
porution for the purpose hereinafter men
toned.
G. The articles Of organization may be
amended by a resolution adopted by four
fifths OF the votes cast at any annual or
special meeting. notice reciting the
mail to the members at least thirty days
prior TO the adoption Of any such amend
ment The secretary shall give such no
tice upon request thCrfor by ten more
members. within ten days after the adop-
ton of such amendment two copies thereof
and the minutes showing the vote by
which adopted, and Of the affidavit of the
secretary Of the mailing of such notice,
verified as such by the affidavit Of the
president and secretary, shall be for
warded to the commissioner Of insurance,
and If approved by him and by the attOr-
ey-general. the former shall file one copy
in his office and attach 70 the other copy
his certificate Of such filing. Such certt-
fed copy shall be recorded as provided
for the articles Of organization and a
like certificate made by the register Of
deeds
Section 2. Section 1910 Of the statutes
is amended to read; Section 1910. Any
adjoining town or towns as part of it's
territory in which it may thereafter do
business; provided the town or towns so
attached together with those already
within its Jurisdiction, shall not exceed
thirty, except in cases where all
such towns shall be within the same coun-
ty. No town or towns shall be 80 at
tached except by amendment to the arti-
nothing herein contained shall affect any
company already doing business outside
of the county In which 1t is organized.
Section g. This act shall take effect and
be In force from and after Its passage
and publication.
Approved April l, 1905.