The Spanish American. [volume] (Roy, Mora Co., N.M.) 19??-19??, 1919-06-07


the crop is growing The Of acres and the amount
for which itisinsured and nofe and mortgage on
the crop is all the records kept Besides this agree
ment which all have signed.
PREAMBLE:--In order that we, the Farmers of the T
equezqute Mesa Of New Mexico may mutually protect
in the growing of the Wheat Oats and Rye crop for the
year as BY insurance Ct Cost without overhead expenses
subscribe to the following
ARTICLES OF AGREEMENT
Adopted at its organization, May oath, 1919 by Mem
ber thereof and approved by the signing hereof by all
MEMBERS
ARTICLE T. Sec l. This organization shall be KIN
the FARMERS MUTUAL HAIL ASSOCIATION"
of Roy, New Mexico.
It's Object shall be--The mutual protection of the in
teres of the subscribers hereunto from damage by HAIL
reimburse its members for losses to said crops
from the ravages of Hail by of equitable
of insurance carried by hem but not any event exceed
one tenth Or Ten Per cent? Of the amount for which their
separate crops are insured in this Association
Section 2-This Association shall have no saarie
officers.
on shall beA President Vice President and Secretary
Treasurer Said officers shall act their several capacitie
by them shall be paid of fund provided for by
bershp fee of $l.OO) One Dollar per member
Section 2-An officers shall gerve>for term of
The President shall have authority to appoint any
ember he may choose act any official capacity except
officers and may call meetings Of the members whenever
occasion arises.
ARTICLE nI-The maximum premium
ment which may be levied against any member shall be
per of the amount of insurance carried for him
by the association which shall in event exceed $2OOO(
Twenty Dollars per acre or an amount which, added 70 Too
carried in other agencies shall not exceed $3O
per acre.
ARTICLE IV.-Sec. l. Each member shall pay to
he Secretary Treasurer application for membership
Fund and shall be applied by the Secretary Treasurer in
derayng Incidental expenses, Stationery Postage, Printing,
etc. necessary in the conduct of the business of the Asso
citation.
Section 2-Each member saall at the time, of tax
ing his policy Of insurance ghetto the Association his note
for amount equal to ten per cent Of the total amour
on said crops or other approved and bankabe security
sufficient value, to be held by the Association or some
agent designated by it, collateral security for the pay
men of all and to be returned to the insured
member giving said note and mortgage at the end OF the
he shall deposit the credit of the said Association an
of money equal the amount of said note to be held
in lieu of said note guaranty for the payne
mt of all assessments against him.
Section 9-An security notes shall be made payab
lie to the Farmers Mutual Hail Association, at Roy
and Savings Bank Roy New Mexico which bank shall be
appointed custodian Of all securities and monies of SAID
of said Association and shall pay out such monies only on
by the President or Vce-President
ARTICLE V.-Sec. /. All losses shall be apprase
by board Of three appraisers appointed by the Presi
dent and Secretary Treasurer and subject to the approval
of the member sustaining said loss who shawthn (48)
Tortyeight hours after said loss notify the President
Of said oss giving the day and hour
of said loss and the amount other said
if and also his estimate OF the damage in approx
mate acres and per cent,
Section within az -Four days after receipt
such notice the appraisers shall be appointed and shall
view field and shall fix the Of damage then and
here they may reserve the right to defer their judg
ment for further investigation but shall report their Ind
ngs prior to the assessing OF leves to cover losses
Section 9.-In case the total loss sustained by mem
bers Of this Association should exceed the ten per cent
assessed than the 10 cent contemplated herein
S maximum subjected to any special assessment
Section Each member shall he liable for his
rorated portion Of all assessments covering losses for the
year 1919 regardless of the date Of said losses date Of
his taking out insurance.
Section 5-Settemens shall be made all losses
on a basis Of percentage Of damage sustained. His per
cenage Of insurance carried shall be in proportion to tn
but in shall the amount exceed the amount OF his
insurance actual damage sustained The insured mem
be hereby to abide by the appaisemen OF the DO
ard of appraisers without resort to the Courts or other
outside agencies.
Section 6.--Any memter will be allowed to reduce
is insurance to the apparent value ot his crop at any time
age by hail his crop prospect has deprecated below the
amount for which he originally insured but such decrease sn
all apply to any losses occurring prior TO the date Of
his reduction in insurance
ARTICLE yI.-sec /. No losres assessed against
aid Association shall be payable prior October First
and assessments shall be due and payable prior to
that date.
Section members suffering loss after grain is
ipened the field shall show by witnesses to the Assoca
ton he has used all reasonable effort to harvest sa
vesting otherwise this Association shall be response
bic for damage grain after it is fully ripe.
ARTICLE VII.-These Articles Of Agreement
be amended OF altered at any time at meeting called
for the specific purpose, by two thirds vote Of all mem
bers present All members having had notice In writing
unpotinU apdif