The Virginia enterprise., 1909-04-30

of Zach dscaI year fhs president aud
sscrerafy Shall Als With the commits
ths entire business and condition 81 the
company, and which statAmNnt ahAll r9n-
tain such data and infornnation IN Te1sr-
ses gear ne Is sha
commissioner Of insuranco. ssss sss
The commissioner Of Insurance may at
st 1ae na mss v dssm s's e s.
relating to the business of the company.
Sec. q. There shall bo paid to tho
commissioners Of insurance And by hin.
Ginpesota Tie tx Toll foiioRsins Wing fses: .a' 49, 8
t,an i se%a pSE fling certificate e 'neorDorar 20
- For nlins annual abatement s1.oo
nns,,J 3; For !, & certificate Of authority. an
sec: q Any township mutual tlre in,
passage g ss
aet all Of !,ts the tights conferred thereby
o OF Ss %
Put NO such company already organ
ssa sha be ssSrTsd to
privileges Of this act.
Every township mutual nrs insurance
company now doing business IN this state
| acting such business until the frst day
of March succeeding the passage Of this
act, and II the commissioner OF insur-
transacting its business In accordance
Of each % Succeeding MAJ March. issue sue aid icenss S
esSs sn s t .Y tf e
following the date Of such license.
Sec: "a Except as herein provided all
township mutual tire insurance cempanies
state shall be governed by this act and
aTs ct this not teafiy
but for every other purpose, and no law
company unless it shall be expressly des-
to Township mutual fire insurance COM
Sec: ,2s That two or more township
| same county, which have been or may
business OF are insurance exclusively
dP %hels one %ha n ths ssd
panies is authorized to and actually has
transacted such insurance business In
every town in which such other company
may consolidate as q corporation In the
TO effect such consolidation 1t shall be
AcSisseA; TirstGfhat the board Of director. or
managing body Of each Of said corpora-
| tions pass 2 resolution to the effect that
taining the proposed name Of the cor;
office, and the names Of its 6rst board Of
second-That a special meeting Of the
ssy sfsEs be Sd aecs Of
poa9 %Sstn bos4s sa Ssrgo Ss as ss ts s.Gn y
S Which m notice - shall 4 embody the resoiu- %
ton adopted by said board Of directors.
| Third-That majority Of the policy
holders Of each Of said corporations pres
t or sha bS at ad
Vfded foT s % IN sabdivision Sio one Is S Hereof
FGufthThat as said pFSceedings and
proved Of by him.
Fifth-complete copies Of said pro.
esy IF aa 10 BY S
tions, shall be tlled with the, town clerk
in each Of the towns in which said COM
COPIES Of sd
have been filed with the commissioner Of
insurance, which. copies shall be certified
by the president and secretary OF said
by said officers and approved Of by him.
the consolidation Of said corporations
shall be deemed to. be. complete. and the
shall be deemed to have fully assumed
Risks a aud I to be tke owners Of aii the % as-
Il such constellation is made, under
| any new name. the fling of said pro-
ceedings, and the approval Of same by the
cient to constitute said consolidated COM
pany a corporation, with all the pow
ers, privileges. and subject to all the
state.
Sec. 28. The commissioner of insur-
s sa BY as
the affairs of any township mutual in
! surance company doing business within
this stats and any such .so company 50 e1 <;
the person making such examination.
f1tsT e satssd s9
ply ply With With any i provisions Of this law. or
Is exceeding its powers. or Is not carry
ing out its contracts In good faith: or is
in such condition as to render further
it''eoHiita9'h It's peiicy9 hoiders, he may present the
FeahoF &ho Fsh alrfo ht to tas ts
cumstances warrant. commence an &C
ton in G99 WaTranto To- IN .;c court pt ct
tne9annon ee1a notify the % of,cers @ Of such conn., conn.
pany Of hearing, aud. unless 1t shall
| then appear that some special and good
reason exists why such company. should
enjoined from carrying on any further
pointed receiver Of such company and
Of the books, papers, moneys. and other
| assets Of the company and shall forth
with, under the direction of the court,
proceed to close the affairs Of the COM
en5't!e? ssa. 37! t0eIst? H person. omeef or mem
ber who shall knowingly or willfully
ment % or representation in references to
any application for membership under
this act, or any false or fraudulent state
fse as to e Of wch %e Hs
Hees and 7np npon es sS 3heeof
be punished by a fine Of not more than
Jail for not more than ninety 900 days.
In the discretion Of the court.
Any oficsr OF any ha such sha,s ,esompa,ny; Hs,ny; or
late any Of the provisions Of this act,
shall be guilty Of misdemeanor and
upon conviction thereof shall be punished
more than =; nj ninety Sa,r+ "a" days in the dis
consistent ssi en- Nth Wit a this % act are hereby re- M
ptssee Sec. %. This act shall take effect and
| Approved April %. 1909.
CHAPTER 412-s: F. NO. s21.
AN ACT to amend section 50. chapter
>S44. Of the General. Laws Of the State
chapter 4s0 Of the General Laws Of
1901. relating to mink. muskrat and
Be It enacted BY y the Legislature OF the