The Virginia enterprise., 1909-04-30

~ !; 800 -. --
duly appointed ia writing s. her proxy.
ana such proxy 90 appointed shall have
fnII fu'vp power to represent such member me e,
Sec. il. 'Ssas The treasurer Of such com
pany shan give such bond: to the com;
determine. Is Be- 's approved by the presi-
Sec; T. Tho directors may authorize
saia 70 loan on first real sstft.
hands 40 they may determine. or au-
thorise him to deposit any and all sums
OF money a his hands IN such bank OF
Sec. Is. No township mutual f1re In.
surance company heretofore organized
and no company organized pursuant to
Of the limits Of the td%a
its cert'ficate or articles Of incorporation
to transact business, except as herein.
mutual fire Insurance company insure
any property other than dwellings and
their contents. farm buildings and their
contents con nts,n live " st stock farm meeh,nsry
country blacksmith shops and their con:
tents, parsonages and their contents. and
ton Herewith. buttermaKers' dwelling
houses and contents. and barns and con-
tents used in connection Herewith.
s1c %tn se s sa Of city
village except that located upon land.
actually used for farming Or gardening
purposes but whenever the dwelling
the limits Of a town Where the company ID
on which such dwelling is situated 4
partly within and partly without such
any out buildings. hay. grain. stock o1
other eds - farm so, property on such farm out
his membership in % the company by Civ:
Ing written notice to the secretary and
paying the withdrawing members share
OF all existing claims. Non-residenta
such company is authorized to do busi-
rights thereof except eligibility to office.
jority vote thereof, annul and cancel any
policy by giving written notice Of the
CANCELLATION GaI;c1 to the member holding such
action OF the board Of directors shah be
recorded in the minutes OF the meeting OF
Sec. il. A township mutual nre in
surance company shall insure only
against loss or damage ~ fire or light
ming and 1t shall not issue any policy for
ssc is Sf Tss sg Hs % 81 sa2
ment and maintain in its treasury an
emergency fund not exceeding two mills
Of losses and for other purposes fol
which assessments may be used.
panies, may Issue joint Or partial risks
in conjunction with adjoining companies
OF the same class. and in such case they
tSev mot are to the IN
joint or partial risk shall be valid OF
binding upon the company insuring the
panies holding prior risks on property %
Insured. and the total amount Of such
joint insurance on any one piece OF
shall IN no the
property is insurable by such company.
Sec. 1s. The president. and secretary
Of such company may accept al! ap.
ssreeins in T the ma name so Of the the company
ceeding the sums named in the policies
r he aerm and sVery
application for insurance made to- any
authorized officer or agent. until refused
by the proper officer, shall be- OF the
sued policy and contract Of insurance
and from the time of it's receipt by, ar
officer or agent. the property specified
snred ede IN AGpc the sa@e mani manner Se and to the
policy issued according to law and the
Of the
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
ny mium and s policy yo fee and take the the writ @
ten agreement of the insured Of even
date Herewith. which shall be embodied
in his application. to a pay a pro. rata M
The same shall be kept on file with
the secretary: -
classify property insured under different
rates, corresponding as nearly as DOS
sible to the greater or less risk from fire
by reason OF c; legation or construction.
such differences: whenever any. loss
amount the cash funds Of the company.
pre- President. dens Shall convene ' the directors
policy holder for the. proportionate
amount which he should pay to cover
row not to exceed two mills on each dol
lar Of insurance written by it and then
in force. and from such fund pay such
losses, and afterwards levy assessments
II II the fund for the payment of OK
penses is insufficient the amount Of the
deficiency may be added to any assess
ment.
Suits at law may be brought asains!
any member Of such company who shall
refuse or neglect to pay any assessment
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 III
ing such loss.
It shall be the duty of the secretary
whenever such assessment shall nave
every person composing such company
by letter sent to his usual postoff1ce 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 nol
more 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 naylnE
Sec. 20. Every member sustaining loss
or damage by fire or lightning shall i'm.
mediately notify the secretary, who. II
may forthwith convene the directors.
The directors shall appoint a committee
Of three members of whom the secretary
shall be one, to ascertain the amount OF
such loss, with authority to examine wit
nesses, to whom the secretary is hereby
authorized to administer oaths.
Whenever the bylaws SO provide. he
may act in place Of and with all the a,,-
thority Of such COMMITTEES: and when the
claim does not exceed three hundred dol
lars, the loss may be ascertained by the
president and secretary. or either. with
lilo o,,+hnritv