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expenses happening and accruing in and to said company, during the time for which their policies were issued, to the amount of their premium notes and cash premiums.

assessments will

9. Whenever any assessment is made upon any pre- Neglect to pay mium note given to said company, and the maker thereof annul policies. shall neglect or refuse to pay the amount claimed by said company, for the space of thirty days after notice of such assessment, (which notice shall be given in the manner prescribed by the by-laws of said company,) his, her or their policy shall become null and void, and of no effect; in which case the directors may sue for and recover the whole amount of the note, with costs of suit; and in case an action is brought to recover any assessment or premium note due said company, the certificate of the secretary of said company, stating the amount due, shall be taken and received as prima facie evidence, in all courts and places whatsoever.

§ 10.

All statements made in any application for insurance shall be binding upon the insured and a warranty upon his, her or their part.

§ 11. The secretary of said company may appoint a Deputy secretary deputy, whose powers shall be set forth in his certificate of appointment, and entered upon the record books of said company.

§ 12. This company shall not issue any policy for insurance against loss or damage by fire or lightning for over two-thirds the actual cash value of the buildings insured.

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13. This act shall be deemed a public act, and be in force from and after its passage.

APPROVED February 12, 1863.

AN ACT to incorporate the Southern Illinois Mutual Insurance Company. In force February

18, 1868.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That, from the time this act shall take effect, James C. Allen, Thomas W. Corporators. Harris, William A. Hacker, Thomas Marks, A. H. Irvin, Marcus E. Bagley, T. B. Cantrell, and all other persons who may hereafter associate with them, in the manner hereafter prescribed, shall be a body corporate and politic, by the name and style of "The Southern Illinois Mutual Insurance Name and powCompany;" and by that name may sue and be sued, appear, prosecute and defend, in any court of record or other court or place whatsoever; may have and use a common seal, and alter and renew the same at pleasure; may purchase and hold such real and personal estate as may be necessary to effect the object of their association, and sell and convey

ers.

Membership.

Directors.

Officers board.

of the

May make insu

rance.

Rates of insurance.

Assessments up

on

notes.

the same, at pleasure; may make, establish and put in execution such by-laws, ordinances and resolutions, not being contrary to the laws of this State or of the United States, as may seem necessary or convenient for their regulation or government, and for the management of their affairs, and do and execute all such acts and things as may be necessary to carry into effect the purposes intended in this act.

§ 2. All persons who shall, at any time, be insured in this company, shall be members thereof, during the continuance in fact of their respective policies, and no longer, and shall at all times be bound by the provisions of this act.

§ 3. The affairs of said company shall be managed by a board of directors, to consist of not less than three nor more than fifteen members, as may be regulated by the bylaws of said company. Said directors shall be chosen, by ballot, from among the members of said company. A majority of the whole board shall constitute a quorum for the transaction of business. The executive committee of said company shall posses all the power of the board of directors, when said board is not in session.

§ 4. The board of directors shall elect a president, vice president, secretary and treasurer, who shall hold their respective offices for one year, or longer, as may be determined by the by-laws of said company, and until others are chosen in their places. The board of directors shall, also, appoint an executive committee, to consist of three directors. Subordinate officers, agents and examiners may be appointed by and in the manner prescribed by the by-laws of said company.

§ 5. This company may make insurance, on all description of property, against loss or damage by fire, lightning, wind and the risks of inland navigation and transportation; and may loan their capital or surplus funds, on bottomry or respondentia, and may cause themselves to be reinsured upon the whole or any part of any risk on which they may have made insurance.

§ 6. The rates of insurance shall be fixed by the board of directors or executive committee of said company. Premium notes may be received from the insured, which shall be paid at such time or times, and in such sum or sums, as the directors shall require for payment of losses and expenses. Any person applying for insurance may pay a definite sum of money, in full for said insurance, in lieu of a premium note. The cash premiums, together with the premium notes, shall constitute the capital stock of said company.

87. The directors of said company may levy an assesspremium ment upon the premium notes, at any time they may deem it necessary, for the payment of losses and expenses.

Payment of losses

§ 8. The members of this company shall be and they are hereby bound to pay their proportion of all losses and expenses happening and accruing during the time for which

their policies were issued, to the amount of their premium notes and cash premium, and no more.

89. Whenever any assessment is made on any premium Non-payment of notes given to the said company and the maker thereof shall premium notes. neglect or refuse to pay the amount claimed by said company, for the space of thirty days after notice of such assessment, (which notice shall be given in manner prescribed by the laws of said company,) his, her or their policies shall be null and void, and of no effect; and in case an action is brought for the recovery of any assessment due said company, the certificate of the secretary of said company, stating the amount of such assessment, shall be taken and received as prima facie evidence, in all courts and places whatsoever.

§ 10. All statements made on any application for insurance shall be binding upon the applicant, and a warranty upon his, her or their part.

§ 11. The persons named in the first section of this act First board of dishall be and they are hereby constituted a board of direc- rectors. tors for said company, to serve as such until the first annual election of directors herein provided for, and until others are

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chosen. The directors of said company shall be elected on Elections. the first Tuesday in August in each year. And such election shall be held at the office of said company, at such hour of the day as the directors or executive committee for the time being shall appoint. Such election shall be held under the inspection of three members, to be appointed previous to every election, by the executive committee of said company. Such election shall be made by a plurality of the votes of the members present, or their proxies, allowing one vote for each policy held by members offering and in force at the time of the member offering to vote. The directors Proxies-form of or executive committee are hereby authorized, at any meeting, to provide a form for the appointment of proxies, and

to specify the evidence that may be required of the execution thereof.

§ 12. All meetings of the board of directors and the ex- Meetings. ecutive committee, to be called in the manner prescribed by the by-laws of said company.

-their

§ 13. That the persons named in the first section of this Directors act, and those who may succeed said persons as directors of powers, etc. the "Southern Illinois Insurance Company," created by this act, are hereby invested with all the powers and privileges granted to the "Illinois Insurance Company," established in the city of Beardstown, by an act approved February 21st, 1859. And the directors of the Southern Illinois Insurance Company, created by this act, or their successors, may, whenever they deem it proper so to do, appoint three commissioners, to carry into effect the provisions of section nine of the said act, approved February 21, 1859.

Secretary may appoint deputy.

Home office.

filled.

§ 14. The secretary of said company may appoint a deputy, whose powers shall be set forth in his certificate of appointment, and entered upon the record book of said company.

§ 15. The home office of said company shall be in the city of Cairo, in the county of Alexander, and State of Illi

nois.

§ 16. If it shall so happen that the election of directors of said company shall not be held on the day when, pursuant to this act, it ought to have been made or held, this company, for that cause, shall not be deemed dissolved, but it shall be lawful, on any other day, to make and hold an election-notice of which shall be given in the manner prescribed by the by-laws of said company.

$17.

Vacancies-how $ 17. All vacancies in the board of directors may be filled by the remaining part of said board, from among the members of said company.

18. This act shall be deemed a public act, and be liberally construed, for the purposes therein mentioned, and be in force on and after its passage. APPROVED February 13, 1863.

In force February AN ACT to amend an act entitled "An act to incorporate the Illinois Mu18, 1868.

amended.

tual Fire Insurance Company."

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That section Original act seven, of said act, be and the same is hereby amended, by striking out all the words in said section, after the word "breweries." That section eight is hereby so amended that any party applying for insurance for one year, or less time, may pay a definite sum in money for such insurance, in lieu of a premium note. That section ten be and the same is hereby so amended that suit may be brought against said company for loss or damage by fire in the county of Madison, or in the circuit court of the county where said loss or damage may or has happened.

Suits on assessments-prima

§ 2. In case an action is brought for the recovery of any facle evidence of assessment due said company, the certificate of the president or secretary of the company, under the seal thereof, stating the amount due, shall be taken and received as prima facie

Term of charter extended.

evidence thereof.

83. That the time limited for the existence of said company be and the same is hereby extended for the period of fifty years.

§ 4. This act shall be in force from and after its passage. APPROVED February 13, 1863.

AN ACT to amend an act entitled "An act to incorporate the "Columbian In force February Insurance Company."

13, 1863.

business.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the direc- Classification of tors of said company be and they are hereby authorized to divide the business or risks of the company into two or more classes; in which case, the premium notes belonging to any one class shall, in no event, be taxed to pay the losses of any other class or classes; and in case of loss under any policy issued by the company, such loss shall be paid out of the funds of the class to which such policy belongs, and such class only may be proceeded against for said loss.

§ 2. The directors of said company are hereby author- Chicago branch. ized to establish an office in the city of Chicago; and all acts required by the act to which this act is an amendment to be done in the county of Stephenson shall be binding on the company, and also on the parties insured, if done in the county of Cook.

$ 3.

All of the franchises and powers conferred by an Powers conferred act incorporating the Illinois Insurance Company be and the same are hereby conferred upon the Columbian Insurance Company.

8 4. So much of the act to which this act is an amendment, as is inconsistent with the provisions of this act, be and the same are hereby repealed.

§ 5. This act shall be deemed a public act, and be liberally construed, for the purposes therein contained, and take effect and be in force from and after its passage. APPROVED February 13, 1863.

AN ACT to amend the charter fof the Farmers' and Merchants' Insurance In force February Company, approved February 22d, 1861, and to enable the company to do

a life insurance and annuity business.

es.

18, 1863.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the di- Addition'l charg rectors of this company, are hereby authorized to charge each person or party becoming insured therein, on the plan of mutual insurance, a sum to be determined by them, in addition to the deposit note given by the person or party so insuring; and no assessment shall be made on the deposit notes held by this company until the losses and expenses happening to and incurred by the company shall exceed the amount of money in the treasury thereof. Whenever an assessment is made it shall be upon the original amount of the deposit note; and when such assessment has been made upon the whole or part of said deposit notes, and due notice

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