The Birmingham age-herald., 1915-05-23
CAN NSAvE S1OO,OOO ON INSURANCE OF
 PUBLIC BUILDINGS
John B. Weakley Has Plan to Retain Heavy Sums Now Paid Out in
 Premiums

In the creataon of a commission for the insurance of public buildings (structures owned by the state or any county or mu- ncpality of the state), John B. Weakley' one of Jefferson county's representatives in the legislature, sees an opportunity whereby each year the sum of sloooW might be saved.
 In the preparation of his bill, which up to the present time is only tentative bill, MT. Weal<ley has gatahered stats- ties from the several probate Judges of the state which prove that each year on the insurance of public buildings. the state the counties and cities pay to in- surance companies sum greater than So .ooo and less than slOoOo0. MT. wealdey has also learned that the greatest loss from fire on public buildings in Alabama in any one year was s50,o0o
 The bill in question provides that the state through commission to be com posed of the insurance commissioner (to be appointed) the treasurer and auditor shall insure in the name of the state all public buildings in Alabama, and that premiums paid to insurance com panies shall be paid to the state until the insurance fund equals the sum of s25o,- eco; after which no more premiums on insurance carried be paid unless the 'in- surance fund.- falls below s25o,0Go. The bill appropriataes the sum of s1o0,00O or part thereof necessary to carry out the provisions of the bill.
 Sections of Bill
 | The idea of the bill will be effective in 1 its entirety only after January, 1919, the time intervening being necessary. it is thought, for the gradual revolutionizing of present conditions. The bill Is explained in the following three tentative and up to the present time numbered sections: Sec. The amount paid to the insur- | ance commisson-by the counties, munici- palties or school trustees, and the amouns collected from the state out of the fund hereby appropr ated, shall be known and called the insurance fund.- and said fund shall be deposited with the state treasurer and shall be kept separate from other funds. and the same may be distributed upon the warrant of the insurance com missioner countersigned by the auditor and treasurer and the treasurer shall be
 
 safe keeping of such fund.
 1 After the first day of January, 1913, and before the first day of March, 1919, and each year thereafter, every county,
 municipality and board of school trustees shall pay into such fund an amount suf- l hcient to pay the insurance for one year on the nsurable value of all buildings owned by the county municipality or school or other trustees
 The Payments Estopped
 Sec. That whenever the fund ere ated by this act reaches the sum of s25o-
 900, no premiums of any character shali
 be paid by the state or by any county 1 or municipality or school trustees to said insurance fund unless and until the bal ], ance in the hands of said insurance com
 mission shall fall below the said sum of 1 S2b0,000. and thereafter premiums may be l collected until such sum again reaches 1 the amount of $250, 600. 1t being the true intent and purpose of this act to provid and maintain a fund to the amount of $250,000 for the protection of the state. counties. municipalities and school trus. l tees against damage loss by fire of the respective public buildings.
 Sec. = There Is hereby appropriated out | of any moneys in the state treasury not 1 otherwise appropriated the sum of SlOO, VV, 1 or as much. thereof as may be certified i from time to time by the insurance com I mission as being necessary and requisite l to carry out the provisions of this act. | Said sum shall be used to pay to the in- ] surance commission the cost of insurance on buildings belongkg to the state by policies written by the commission and l payable out of the insurance fund. or may l be used to pay the cost of insurance on I such buildings procured by the commis- sion to be written in fire insurance com- l panies. or if the insurance fund by losses | on buildings owned by the state shall be-
 come impaired, and in the option of the l insurance commission it. Is necessary .S
 use any part of said appropriation to re- imburse said fund, then any part of saif | appropriation may bXford-r of the com | mission be used for that purpose"