Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1909-07-15
No. 800, 81 Published April 2, 1909.
CHAPTER 81. LAWS OF 1909.

AN ACT to amend subsection 5 Of section
1927 and section 1910 Of the statutes, re-
lating to the organization and the
amendment Of the articles of town mu-
tnal Insurance companies.
The people of the State of Wisconsin,
represented in Senate and Assembly, do
enact as follows:
Section /. Subsection 8 of section 1927
Of the statutes is amended to read: ..
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 -tVe
thousand dollars worth of property which
shall be insured by such corporation.
n. Two copies of the original articles,
each accompanied by the affidavit OF two
Of the signers thereof stating that they
are personally acquainted with the sign
ers and know them to be the owners or
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
commissioner of insurance, and II APP
proved by him and the attorney general,
the former shall file one copy in his office
and attach to the other copy his certifi-
cate of such filing. 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 or
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,
aud Shall be entitled to 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 commits
sioner of insurance shall issue a certificate
of incorporation.
b. Thereupon the persons subscribing
said articles, and such us shall afterwards
become insured thereby, shall be corpor-
alton by the name mentioned In said arti-
cleS with the usual powers and subject TO
the usual duties and Liabilities OF cor
poration for the purpose hereinafter men
toned.
e. The articles Of organization may be
amended by q resolution adopted by four
fifths of the votes cast at any annual or
special meeting. notice recit1ng the
proposed amendment shall be given by
mail to the members at least thirty days
prior to the adoption OF any such amend
nent. The secretary shall give such no.
tice upon request therfor by ten or 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 Tor
warded to the commissioner or insurance,
and if approved by him and by the attor-
ney- general, the former shall file one copy
in his Office and attach to the other copy
his certificate Of such filing. Such certl,
fed copy shall be recorded as provided
Tor Lne dFIlClSS VI anu
like certificate made by the register of
deeds.
Section 2 Section 1910 of the statutes
is amended to read: Section 1910, Any
such corporation may attach any
territory in which it may thereafter do
business provided the town or towns so
attached. together with those already
within it's Jurisdiction. shall not exceed
. thirty, except in cases where all
such towns shall be within the same coun-
tv. No town or towns shall be so at
tached except by amendment to the arti,
cIes of organization provided
nothing herein contained shall affect any
company already doing business outside
of the county in which it is organized.
Section g. This act shall take effect ana
he In force from and after its passage
and publication.
Annroved April l, 1909.