The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1909-07-15
copy LAWS OF WISCONSIN PASSED SESSION OF 1909

ls4l-12 Of the statutes. and to repeal
sections 1941-3. l941-6 1941--S, and
I94l--iS OF the statutes relating TO city
ana village mutual fire Insurance COM
The people of the State OF Wisconsin, rep
resented in Senate and Assembly, 90 en-.
act as follows:
sectlon Sections 1941-2, 1941-5,
IS4!---a. 1919. 1941-1o, 1941-11, and
ls41-l2 of the statutes are amended TO
read section 1941-2. Unless other
wise provided by the constitution or by
laws OF any city and village mutual fire
amsa.alce company, the directors, suhse-
quent to the iirst board, shall be chosen
y ballot at the annual meeting which
snail be held ON tie third
Monday OF January of each year, unless
some other day he fixed tNerefor by
maJoslty OF the votes of such corporation.
Ever! person iasared- saall lave one vote
az suc,i election; and the transaction of
al otner business, except as otherwise
provided by law, may be determin viva
yoce or Dy ballot as tie by avs or other
.uleS ana regulations prescribe
NO person STA vote D; XIV except
women, and 20 person shall cast more than
one pr Ky vote.
Section Dbl Such corporations may
where In this state. but In no case shall
any Single risk exceed fifteen
hundred collars $1,000, ex-
cepf that any such corporation having
sur,ins may In ure sin lie risk In an
amount not, exceeding one eightl Of one
per centum Of tie insurance In force, nor
ten pr eentum Of he rplus, nor to K
ceed three thousand dollars on any single
FISK. no policy shall be issued for a term
Section 1941--s.' Whenever When the amount
Of my loss 80 shall exceed the
amount Of fhe cash funds Of the corpora
ton, the president, or In his absence, the
v,ce-presldsnt shall convene the board OF
rDHlxA arr AvS
upon all property insured in propor;i
20 tne amount thereof and the. rate under
wnlch It may have been ella ssifed, sniff
cient az least to pay such loss; provided
mills even II such loss should not require
such an amount. Whenever such ASSESS
menr small nave been completed the secre-
tary snail Immediately cause to be pub
Iisle9 Tor three constc tive weeks In such
weekly newspaper, printed within the city
OF village, II any, In which the office OF
such company is located, otherwise In such
newspaper printed within the county as
the BOARD OF directors may designate,
notice stating the time when such assess
ment was levied and the time when
tne same becomes due said notice. togeth-
er with the proof Of the publication there
OF sha'l be conclusive evidence Of notice
OF such assessment - Or the d.
recfors may, for the purpose OF paying
losses within the limit hereinafter speci-
ned, borrow q sum not exceeding one-fourth
OF the premium and interest income Of the
company for the preceding year for time
uoi exceeding SIX months at rate of in
teresr not exceeding seven per cent. and
may. on or before the maturity of such
loan, levy an assessment upon the members
at the time OF the making of such loan,
toT the payment Of the same and interest
NO SUCH loan shall be renswed. Within
thirty days after the leyying of
such assessment the secretary shall notify
every member by letter or postal card sent
to the usual postoflce address, Of the
amount of such assessment, and the sum
due from him as his share thereof, and the
time within which and to whom payment
Is to be made 'ch time shall not be less
s si thirty nor more than -
II the assured neglect to make
payment Or any assessment within the
time specified In the notice sent him, his
policy shall be null and void until such
assessment Is paid. and also his pro rata
be levied during the suspension Of the
policy on account Of the non-payment Of
a previous assessment.
Section 1941-10. An action at law
may be brought against any member Of
such corporation who shall refuse or neg
his insured pronerty and the directors Of
any such corporation who shall willfully
neglect or refuse for thirty days to per-
section 1a4 is shall epn be enJ ioint y
and se-ers " Liable In their Individual ca
pacity 10 the persons sustaining such loss
Section 1941--11. sIs Any policy
may be cancelled az provided in section
1941--52, upon the payment by such men,
Der Of his portion Of all the liabilities out
standing at the time Of such cancellat on,
and the liability on the part Of such mem
Der on such policy shall cease.
Section 1941--11. Any policy
secretary So OF every such corpo-
ration shall, ON or before the first day Of
February In each year make
such I" report as may
be required . =" by the commission
Section 2. Section 1a41-3, LOTT,
1941--6 and 1941---13 of the statutes are
hereby repealed.
Approved Juns 10. 1903.