The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-02-10
/ HOUSE BILL NO.229
RY NuTCHINs.

Relating Il Mutual Insurance. Companies and repeating chapter
XVlI article 81 Session Laws of 1900 % Oklahoma and
III olIict AVID parts IF acts u conflict tieTcwii'
SECTION + That association Of not less than one tpi-
sana persons Who have al nsuabe interest Fl such property
m II herein specified may be formed ii he maune hereinafter
specified of TIC purpose Of mutual insurance o gro~rE cros
against oss damage ~ hail and oi i've stock d buildings
Nhsmay embrace country school house and churches az u
contents farm buildings and their contents and detached town
dwellings and barns sxy feet from any other building an drir
contents against fire. lightning and wndstoms Provided that
i'd company organized under this Act for the purpose writing
ie lightning and windssofn insurance shall engage IN ec
business Of hail insurance growing crops shall any com
pany organized ior e purpose of hail insurance on growing
Aso0 engage tc business Of writing fire. lightning and wind
torn insurance
SECTION 4 Articles sf Incorporation shall bs prepared
W duplicate and submitted The Insurance Commissioner for
s approved and said articles Of Incorporation shall designate
a name 81 the company It's place Of business lelenn for
which shall eSst The number and oi M directors WHO
shall be bon roe farmers by occupation and members e ie
association 81 which there shall Be not less than Eve nor more
an heen and there shall be fled also with the insurance
Commissioner o s State statement showing that SAID
charter Is applied of By not less Than thousand pcrrns haF
e ne qualifications herein mentioned and who have made bona
SIDE applications less nn hundred thousand dollars
of combined insurance tic premiums upon which shall amount
than twenty-five thousand dollars, o which at least
e thousand doas shall have been paid in actual cash and for
he remainder 81 which 81 solvent parties founded upon
acua and bona fdc applications FOR insurance shall have been
received no o the received aforesaid snail ampaa
q more thar one hundred dolars and thcreo shalt
given og the risk made BY Che person Of hnn,
except where te whole such notes docs nos exceed e
aum of one hundred dollars shall airy such Hoe le fe
gardcd represented assets unless rocy ac 'e, aop
the same sghnf thirty days afes tb organization q e com
any taking the unon risk which shall hc 'o no shorter
period than twelve months each q saia aees shall oc payable
Ii whole part any time when .le directors shall deem
h game requisite for Che payment c losses nq uei neideota
perses as may he necessary o fansaemg he business ol
aid company no srh Shan accepted part d such
assets unless the same shall he accompanied by certificate Of
justice Of the peace noa pubc clerk o e district court @
lie eoansy II which hc person cxccung such NOTE shall reside
ihat lac person making tho saie IS IN s opinion pcemiaFy
good and responsible or c same property not exempt from
szerusop BY tic iaus q this State
SECTION a Wit he articles 81 Incorporation, shall lN
Sled sci 81 Dy-ews which shall nave ecr adopted y soHc
grncral meeting ~ c meubess AND wlGe sasl continue ~
foset fniI changed ay lie 9oaFd u' Directors
SECTION a II The articles 81 incorporation asc ona 81
comply With lhe provisions u this sei aud ~ otler laws N e
siat sppieabc o such conpny le Insurance Commissions
an approve The same Cne copy 90 approved shall be lied
with TIE Secretary 81 State ora wt the Insurance 1onns
opf and hs ohee one shall bc returned % the company The
Secretary 81 State sian then isss charter said company.
ahd lc intsfanes COMMISSIONER tpok rasnen: 81 lraas
Ecs 0FmsHchss snai ssus saa company license 70 ens
gage Il the business u ars lightning and wiudsom itur-
ance e tus6ess Of nail insurance growing crops as nay
k provided il said articles q incorporation
SECTION i huy such company sRall pFoaere issnse
from she Insurance Commissioner or each agsn reonc ard
DC zee lef ssid license shall hs dliy cents.
sFC1I0N TIE company slall sSls iof any lqtln q