The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1909-04-30
steam boilers, and caused by breakage

dowment insurance, and grant, purchase,
any kind; but not including authority to
any corporation transacting the business
of life Insurance in this state to take
eGy ether kinds Of risks except
ance on life, or against accidents TO or
sickness Of persons, and the granting,
purchasing and disposing of annuities
5. To insure against loss or damage
by the sickness, bodily injury or deatn
by accident Of the assured, or OF any
other person employed by or. for whose
injury or death the assured is RESPONSE
g.. To guarantee the fidelity of persons
or to act as surety on official and other
bonds, and for the performance of OFF,
cial or other obligations.
l. To insure owners land others inter-
ested In real estate against loss or dam
age, by reason of defective titles, incum-
ORANGES, or otherwise.
O.. 10 insure against loss or damage
transit.
g., To, insure against loss or damage
by burglary or theft or attempt thereat.
or loss of money or securities in course
Of transportation.
TO- To insure against loss or damage
by water, caused by accidental break
age or leakage Of automatic sprinkler
system
H.. To insure against loss OF damage
by death Of live stock.
T. To guarantee merchants and those
engaged in business. and giving credit
from loss by reason of giving credit to
those dealing with them: this shall be
known as credit insurance.
Ii. To insure against loss or damage
to automobiles or other vehicles by col
lision;. fire. theft, and other perils of
operation. and against liability for dam
age to property Of others by collision
with such vehicles
IA, To insure against liability for loss
or damage to the property of another
caused by the insured or by those for
whom the insured is responsible.
The capital stock Of every such corpo-
bred thousand dollars. except that of one
OF subdivision 8 when organized solely
to insure bicycles against loss by theft.
which shall not be less than twenty-five
thousand dollars. But any company nav
ing an actual paid UP capital of not less
than the aggregate capital required OF
two companies transacting the business
specified in subdivisions and 2. respec-
lively, or that specified in subdivisions
and 8, respectively, by so providing in
It's certificate of Incorporation or amend
of the two first mentioned or of the two
last mentioned, and transact the same
as one corporation; and any corporation
surplus of at least three hundred thou
sand dollars, and authorized to transact
business other than the kinds specified
may also engage in any and ali other
kinds Of insurance except those last
above specified. Any such corporation
tdTia asac the business specified in sub,
subdivisions one and two, having paid
up capital and surplus of not less than
FIVE oo> hundred thousand dollars $500,
certificate of Incorporation, may also en-
gage in the kinds Of business specified
IN SUBDIVISIONS ten and thirteen. or either
of them.
The certificate of incorporation. In ad-
dit1on to the general requirements shall
specify the territory in which it may do
tions. the qualifications of members, the
method Of providing corporate funds. and
the classes of property which it may in
sure.
The charter or certificate of incorpora-
non of any insurance corporation or
ganiZed under any general or special law
may be amended in respect to any mat
ter which an original certificate of a cor
poration Of the same kind might lawful
ly have contained, by the adoption of a
resolution resolution. specifying the proposed
recording and publication Of the same In
the manner prescribed by the general
laws of this state relating to amend
Sec. 2. This act shall take effect and
be In force from and after its passage.
Approved April 81. 1909.
CHAPTER 331-H. F. NO. 45S.
AN ACT to amend subdivision two (2)
and forty d840), Revised Laws Of the
State of Minnesota for the year one
thousand nine hundred and FIVE q9O5l.
relating to provisions Of standard poll
cy of fire insurance companies.
Be it enacted by the Legislature Of the
State of Minnesota:
Section /. That subdivision two (2) of
section one thousand six hundred and
forty d64O), Revised Laws Of the State
If Minnesota for the year one thousand
nine hundred and five d90O be, and the
her6hV amended
as follows:
2. It may print or use in it's policy
Cation of the he property i Insured including
permits for the use of electricity, gaso-
line, acetylene, or storage Of other extra
hazardous product or material, for re-
pairs and improvements, for the opera
ton or ceasing to operate, for the main
| tenance of sprinkling or other improve
ments, and for the use of the premises
for ordinary work and materials incident
to the business
Any permit for the use Or storage of
q hazardous product may contain eau
tion, giving instructions as to the proper
method of use or storage.
It may print or use in its policy print
ed forms for insurance against loss of
rents. and rental values. lease-holds of
rect or consequential loss or damage
caused by change Of temperature result
ing from the destruction of refrigerating
or cooling apparatus. or any Of its con-
nections.
It may also use form specifically ex-
Guiding the last mentioned hazard
When the policy covers lumber risk,
ing, of which fact such writing shall be
the only evidence, and II in consideration
thereof reduction In the rate Of premi-
UNI is made by the company. the form
clause" may be used, said form to be in
the following terms, to-wit:
The rate Of premium upon the within
policy has been reduced from the sum Of
consideration of such reduction the as
sured agrees that continuous space of
.......... feet shall hereafter at all
times be maintained between the proper
ty hereby insured and any. woodworking
or manufacturing establishment; said
space SHALL in all cases, exclude and be
measured from the exterior boundary of
any permanent structure or addition con-
nected with or attached to (here insert
description of nearest wood-worker):
said space not to be occupied by any in
dependent or disconnected building or
structure (here insert exceptions If any,
or by accumulation Of combustible ma
terials Of any kind and except the load
ing or unloading only within or transpor-
tatfon Of lumber or timber products
across such clear space. 1t shall not be
used for handling, piling or sorting lum-
Der for temporary purposes or otherwise.
This clause shall not be construed to pro-
blbit the maintenance or operation with
in said clear space of tramways used ex-
clusively for the transportation Of lum-
her, provided that lumber is neither piled
or stored thereon. Sorting platforms
shall not be held tramways within the
meaning Of this clause, and failure upon
the terms of this clause shall not avoid
this policy, nor in any manner lessen
the liability of the company hereunder
shall sHa be liable to the company for the he
difference in the premium herein before