Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-05-09

termined eefpre the passage OF TINS ~, ens.,
the time of the letting Of said contract and all
subsequent proceedings and all assessinents
or levied and the payments 81 the actual
of such work, including the damages awarded.
aa az Of sse Klnq ae ana 81
s1a et,ie sn Sssseed e g valid ana
ali % or any of such proceedings had been con-
ao xppros sed APRIL aad 8, d ISIS. :
CHAPTER 464-H. r. No. 1851.
AN ACT authorizing and regulating certain
classes Of Indemnity contracts empowering
.nxihg certain fees. and the penalty TOR VIC
Be- It enacted Dy III. Legislature Of the State
Section /. individuals, partner.hips ana q
subscribers. are hereby authorized 70 ex-
tfsets with each other. Or with Individual,
partnerships and corporations ol otner states
ana countries. providing indemnity s ,,n nj
sured against under other provisions Of the
lays. excepting NE and marine insnranee; ~
Sec. 2 Such contracts may oe exscnte ea,, ny
an attorney, agent or other Representative,
and acting tor such SUBSCRIBERS.
Sec. 5. Such Subscribers 50 contfeotins
among themselves shall through their Attof.
ney file with the Insurance Commissioner OF
this State declaration verified by the oath
Of such M Atem SITTING f tSe ea 4 when
such Subscribers propose to exchange such In !;
demnity contracts. Said name or title shall
previously adopted BY . similar organization
Ii ton AZ In ID the opinion Of the insurance Com
missioner ID calculated to result In confusion
or deception.
(b) The kind Of kinds Of Insurance. to be
(c> \ copy q the form q policy contract
C sop ~ 81 Tie form & power Of It.
tortley Or other. authority, Of such Attorney
or ,exchanged.
(eJ The location Of the office or ofnces
from which such contracts or asteements are
to be issued. ~ ~ I-zsy ~ :. E: ~
~ That applications havs been made Tor
Indemnity upon at least ono hundred separate
risks aggfsgatitg not less than One and One
resented BY executed contracts Or bona hde
applications, to become conc9sfently sH rec y,
5ssS ono and On. NY hdiioa g. 900
(g) That there: IL on deposit with such At
1Hssss sa q poar hsh
Provided. however, that IN case Of liability
ness and have an annual pay ron In Mime
ss S B 81 ss' a ta s esps. M Wien .ss
q not ie.s than ons Hundred Thousand
Sec: = eoheatrsatly with the ming q the
ton hereof e. Attorney shall i1ls With the ,s
writing executed by him for said Subscribers,
conditioned that upon the issuance Of certi q
q fsr II b sss sd
the Insurance. Commissioner in all suits iii
this state arising out Of such policies con.
vsiid sd Binding Upon al 1 subserber. eSs
changing 1T any time Reciprocal Or Inter-
Insurance contracts through such Attorney:
and the Insurance Commissioner shall fie one
copy, forward one copy to said Attorney and
return one copy with his admission OF o. service
Attorney q Statement under the oath Of such
@ a1 ' .nas psk sna ss
same shaI s. required AZ with ~ Insur.
rsns q sue
shown BY the reference book q CONNER a !.
examination 81 from other information IN his
as sa rs: :t ~ . sas s. IT,
than tan per eeHt 81 the net worth q such
Sec. s. There shall at ali times DO ma,n-
tho MT annual deposits collected. and credited
having IL ons ysar d lass % run and pro rata
o., those fes lopgsr Psfiods: Net annual a.
;s; e e q:
Ing th0reffOm thu amounts )tp6cihcAlly pro.