Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-05-06
CHAPTER 109-S. F. No, 3I6
RTLT,

A BILL
FOR AN ACT relating to Firemen's
relief associations in cities Of the
second class, for the imposition
Of surcharge on certain fire
insurance premiums, providing
the method Of collecting the same,
for the payment of the proceeds
thereof to such associations and
declaring an emergency.
Be it enacted by the Legislature of
the State of Minnesota:
Section 1. Whenever the balance
in the special fund of any Fire
mems Relief Association in any
city Of the second class is less than
S5O,OOO.0O, as determined by any
such associations board of trustees.
which fact shall be duly certified
to by the State Comptroller, such
board of trustees may thereupon
file its duly verified petition for
relief, accompanied by such GER
tificate, with the Commissioner of
Insurance. The Commissioner of
Insurance shall thereupon order
and direct surcharge to be COL
lected Of two per cent of the fire,
lightning and sprinkler leakage
gross premiums, less return pre-
miums, on all direct business re-
ceived by any foreign or domestic
fire insurance company on property
in such city of the second class.
or by its agents for it, in cash or
otherwise, until the balance in the
special funds of such relief associa-
ton amounts to $5O,OOO.OO and for
a period Of Is days thereafter.
AS soon as the balance in said
special fund amounts to $5O,OOOO. 90
the board of trustees of such relief
association shall certify that fact
to the Commissioner of Insurance
and the Commissioner of Insurance
shall forthwith issue his order Or
dering and directing that the COL
lection of such surcharge shall be
discontinued after the expiration
of said Is day. period and shall
forthwith mail copy of the order
last mentioned to each insurance
company affected thereby. Said
surcharge shall be due and payable
from such companies to the State
Treasurer in Semi-annual INSTALL
mentS on June 30th and December
31st of each calendar year, to be
kept by the State Treasurer in a
separate fund and if not paid with
in 80 days after such dates a pen
atty OF three per cent shall accrue
thereon and thereafter such sum
and penalty shall draw interest at
the rate of one per cent per month
until paid.
Section 2. The State Auditor of
this state on July 81, 1898, and
semi-annually thereafter, shall is
sue and deliver to the treasurer
of such relief association in such
city his warrant upon the State
Treasurer for an amount equal to
the total amount of said surcharge
on said premiums within such city
heretofore so collected and trans
mitted to the State Treasurer by
such insurance companies. Said
warrants shall be paid out of said
separate fund hereinbefore pro-
vlded for, and the payment in each
case shall be made to the treasurer
of the relief association presenting
the warrant.
Section 3. The treasurer of such
relief association shall place the
money received by him in payment
of any such warrant in the special
fund of such relief association.
Section 4. An emergency exists
and this act shall be construed
as a relief measure for firemens'
relief associations in any city of
the second class.
Approved March 25, 1897.