Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1915-04-29

9. Loans on pledge Of any such Sc
eurities, but not exceeding eighty per
cent Ut the market value OF stocks and
ninety-five per cent OF the market VAL
no or bonds specified In subds. and 3,
and In all loans resarsing the right
dit any time to declare the indebted
ness due and payable when In excess
or such proportion or upon deprecia-
ton q security.
Approved April 9. 1915.
--~-~----
CHAPTER sa--S. r. No. 4si.
AN ACT to amend Section l, Chapter
so OF the General Laws Of 1911. as
amended by Chapter 1870 General
Laws 1918, entitled AN Act fixing tho
salary and compensation OF clerks OF
the District Court. the appointment
OF deputy elarks, their compensation
and duties In counties having or
which may hereafter have u popuia-
ton or not less than two hundred
thousand and less than two hundred
seventy 1--WE thousand Inhabitants.
lie II enacted by the Legislature Of the
State OF Minnesota,
Section l. That Section Of Chapter
so OF the General Laws Of 1911 AZ
amended by Chapter 100 General Laws
OF 1918 be- amended 30 IN TO read a. fol-
lows.
section i In nil counties OF this state
that now have or may hereafter have a
populatio OF not less than 100000 and
lass than 27b.00o Inhabitants, the salary
OF the Clerk OF the District Court shall
be forty-five hundred dollars per an
mum. In all such counties the clerk
shall appoint and employ twelve
deputy clerks OK said District
Court. whose duties shall be designat-
I'D by said Clerk and who shall be paid
the following salaries: One deputy
clerk who shall DO paid twenty-five
hundred dollars per annnm, enc deputy
clerk who shall be- paid eighteen hun
dred dollars per hnnufi; one deputy
clerk who shall be paid sixteen hun
dred dollars per annums one deputy
clerk who shall be paid fifteen hundred
dollars per annum and eight deputy
clerks who shall each be paid twelve
hundred dollars per annum.
Sec. .. All acts and parts OF acts In
consistent herewith are hereby re-
Sec. !. This act shall take effect ana
be In force from and after Its passage,
Approved April 3, 1915
CHAPTER st--s. r. No. sol.
AN ACT TO amend Sections SG0s. 1904.
1905. s60T. ssos. s6is. and sSls. Gen.
eral Statutes OF Minnesota 1918. res
iating e penalties nor violation Of
insurance laws
BE IL enacted by the Legislature OIL
the state or Minnesota
Section l. That section S60S, General
Statutes OF Minnesota 1919. be amend
"a no as to read as foilowss
5000. Every director, officer or agent
OF an insurance company who officially
or privately gives guaranty to 3
poiicyhoider thereof against an ASSESS
be liable shall be guilty of u mis-
demcanor.
sec. !. That Section ssol, General
Statutes OF Minnesota 1919, he amend~
cd 40 as To- read as follows.
$500 whoever. without 1ustifiable
cause. nesiects, upon due summons. to
appear 20 testify before the commits
sioner NJ provided In this chapter. or
obstructs the commissioners or his dep
MY In his examination OF an In.
surance company, shall be guilty. for
the first offense, OF mssdemcanor,
ana for each subsequent oftensc OF
gross misdernaanof.
Sec, !. That Section sdos. General
OF Minnesota 1918. be- amend
ed so as to read AZ follows;
5000. Every officer Oh agent OF a life
company WAu AnAll tSSua
any policy In violation OF any order
or other prohibition by the commits
eioner, made pursuant to law, shall be
guilty. for the hrSt offense, az a mis-
aeneanor, and for each subsequent Of
Tense OF d Ero~s misdemeanor.
Sec. 1, That Section aSo7. General
statutes OF Minnesota 1918. be amend
ed SO as to read a. follows
se0T. Every insurance agent or
broker who acts for another In ne
wotlating contract OF insurance
hy an insurance company shall be
held to be the conapany's agent for
the purpose OF collecting or securing
the premiums therefor. whatever con-
.iitions or stipuiations may be contain
ed In the contract or policy. When
ever any such agcnt or broker. by
representations, rrocures
or an obligation for tho pay
rnent. or an Insurance premium. he
shall be xniity. for the nrst ofYense.
OF y misdemeanor. and Cor each sub
xeauent offense OF q gross misdemean-
or.
sec. 8. That section Ssos. General
statutes OF Minnesota taia. be amend
ed 70 as to read an follows:
a60A Every person licensed 10 pro-
cure Insurance In an unlicensed for
etgn company, who falls 10 file the
afsfdavtt ard statement required In
such case. or who wiilfully makes
false af!idavit or statement. shalt tor
felt his license and be guilty. for the