The herald and news. [volume] (Newberry S.C.) 1903-1937, 1910-05-24

$500 w SNSA NV >AASS ~
towns during the year ending Deem
Der 81, in each preceding year, or fol
such portion of such period as said
company, corporation or association
shall have done business in this State
Penalties Provided.
"Sec. 4. Every such company, cor
poration or association shall KEEP
accurate books Of account of all bust,
ness done by them on fire insurance
within the limits of such incorporated
cities and towns, and in case fraud OF
dishonesty in said returns made by
such company, corporation or asso,
citation, as provided for in Section
of act, be apparent, it shall be the
duty of the insurance commissioner tc
investigate such returns and collect
the amount he shall find to be due.
"sec. 5. Every foreign fire insur-
ance company which shall neglect to
keep such books of account as afore-
said, or shall fail or neglect to report
or pay over any of the money due
on premiums as aforesaid, at the
times and in the manner specified in
the preceding sections of this act, or
shall be found upon examination to
have made a false return of business
done by them, shall for each such Of
fence forfeit $500, to be applied to
the same purpose hereinafter pre-
scribed in Section s.
Method of Payment.
"Sec. Z. That the State treasurer
shall pay over the amount collected
on the premiums on business done in
each city or town from the foreign
insurance companies, corporations or
associations doing business within the
cities or towns, having or that may
hereafter have a regularly organized
fire department, as aforesaid, in Sec
ton 2 Of this act, to the treasurer OF
such city or town: Provided, that all
money so collected from the foreign
insurance companies, corporations or
associations doing business within the
said cities or towns, shall be set apart
and used by such cities and towns
solely and entirely for the objects and
purposes of this act.
Purposes of Act.
"Sec. 8. All money collected and
received under the provisions of this
act shall be held in trust and used as
a fund for the purpose of rendering
more effcacious and efficient the fire
departments of said cities or towns,
by using. the same under such rules
as may be adopted by the city or town
council for the creation, maintenance,
support and encouragement of a skill
full and efficient fire department.
"Sec. 9. The clerk of any incorpo-
rated city or town accepting the bene-
fits of this act by ordinance as re-
quired herein shall, on or before the
31st day Of October of each year, make
and file with the insurance commits
sioner his certificate, stating that the
existence of such department, the
number of steam, hand or other en-
gines, hook andladder trucks and hose
carts in actual use, the number of
organized companies and the. system
of water supply in use for such de-
partment, together with such other
facts as the insurance commissioner
may require on a blank to be fur
nished by him. If the certificate re-
quired by this section is not filed with
the insurance commissioner On or be-
fore October 81, in any year, the town
or village so falling to file such GER
tifcate shall be deemed to have waiv-
ed and ,relinquished it's rights for such
year in the appropriation provided
for"