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same are hereby legalized, any slight or technical errors in the construction of law, or in the proceedings of said district, notwithstanding: Provided, said acts do not conflict with the Proviso. spirit and intent of the laws of this territory in relation to common schools, or with any other laws of this territory, or of the United States. Sec. 2. The trustees of said school district number one Concerning are hereby authorized to levy a tax upon the taxable property food in said district, according to the last assessment in said town, a school to the amount of three hundred dollars; and also to sell and ". dispose of their present school house, and apply the said three hundred dollars, and the proceeds of sale of said school house, in the erection and finishing a new school house in said district, in accordance with a vote of said district already taken to that effect: Provided, said school house, and the Proviso. property of said district, shall be subject to all laws in relation to school districts and district property now in force in this territory, or which may hereafter be enacted. WILLIAM SHEW, Speaker of the House of Representatives. MASON C. DARLING,
President of the Council. APPRoved, February 10, 1847.
To provide for the location of the county seat of
Be it enacted by the Council and House of Representatives of
be the county
When elec. inhabitants of the county of Iowa, of twenty-one years and for location upwards, who shall have resided in the county thirty days of county
immediately preceding said election, shall, at the time and place of holding said election, vote for the location of the county seat of Iowa county, by depositing a ballot with the judges of said election, upon which shall be written or printed the name of the place voted for as the county seat of said
county. Canvass Sec. 2. The said ballots shall be canvassed and returned of votes.
in the manner provided by law for canvassing and returning Place having
the votes for county officers; and such place in said county a majority to as shall be designated by a majority of all the votes so given,
shall be and remain the county seat of Iowa couniy until
otherwise provided by the people of said county. Mineral Point Sec. 3. The county seat of Iowa county shall be located to be the tem. porary county
in the town of Mineral Point until otherwise provided for
President of the Council.
To incorporate the Merchants' Mutual Insur
ance Company of Milwaukee.
Be it enacted by the Council and House of Representatives of the Territory of Wisconsin:
Section 1. That from the time this act shall commence Name and and take effect, James B. Martin, Harrison Luddington,
style of oor.
to poration George D. Dousman, Nathaniel S. Donaldson, James Kneeland, Clarence Shepard, Lemuel W. Weeks, J. Albert Helfenstein, Leonard I. Farwell, Henry I. Nazro, F. B. Putnam, Daniel Wells, Jr., C. T. Bradley, Frederick Wardner, George F. Austin, George H. Walker, William H. Byron, Cicero Comstock, John W. Medbery, and Jacob Rapelje, and all other persons who may hereafter associate with them in the manner herein prescribed, shall be a body politic and corporate by the name of “The Merchants' Mutual Insurance Company.”
Sec. 2. The corporation hereby created may become a General party to suits; may make bye-laws, not inconsistent with
corporation existing law, for the regulation of its affairs, and have and use a common seal, and alter the same at pleasure ; and in addition to these general powers, the said corporation shall have power, by instrument under seal, or otherwise :
1. To make insurance on dwelling houses, shops, and other buildings, household furniture, merchandize, and other property against loss or damage by fire :
2. To make marine însurance upon steam boats, vessels, and other water craft, goods, wares, and merchandize, freight, bottomry, and respondentia interests; and to make all and every insurance connected with marine risks, and risks of navigation and transportation :
3. To cause themselves to be re-insured against any risk upon which they have made or may make insurancea
Classes of trustees.
Powers by Sec. 3. All the corporate powers of the said company whom exer cised. shall be exercised by a board of trustees, and such officers,
clerks, and agents as they may appoint. The board of strustees shall consist of twenty persons, all of whom shall be citizens of this territory. They shall elect a president and vice-president annually, who shall be members of this corporation, and shall hold their offices until others are elected in their stead; and they shall have power to declare by byelaw what number of trustees less than a majority of the whole shall be a quorum for the transaction of business. The persons named in the first section of this act shall constitute the first board of trustees.
Sec. 4. The trustees shall at their first meeting divide themselves by lot into four classes. The term of the first class shall expire at the end of one year; the terms of the following classes shall expire successively annually thereafter; and each class shall hold over until others are elected in its stead; but this section shall not be so construed as to prevent a trustee going out from being eligible as a new
trustee. Vacancies Sec. 5. Vacancies happening in the board of trustees, or how filled
in the number of inspectors, or in the office of president or vice-president, by death, resignation, removal from the territory, or otherwise, may be filled by the board of trustees, for the remainder of the term, a plurality of votes constituting a
choice. Votices of Sec. 6. Notices of annual elections of trustees to hold for election how given.
four years, and until others are elected, and for three inspectors of the next election, shall be given in one or more of the daily papers published in the city of Milwaukee, by an officer of the company, two weeks prior to each annual election, to be held at such time and place as may be designated by the board of trustees, or by the president or vice-president, in
case of the omission of the trustees to designate the same. Qualification Sec. 7. Every person having taken a policy during the of voters and members of preceding year, directly in his own name, or in the name of corporation. his firm, and every person holding in his own name, or in the
name of his firm, a certificate or certificates of the company,
(not discharged by payment of losses,) for a proportionate share of the premiums earned as hereinafter provided for, to the amount of twenty-five dollars, shall be deemed a member of this corporation, and entitled to vote in person, or by proxy, at all elections; and every person holding such certificate or certificates, in his own name, or in the nume of his firm, shall be entitled to an additional vote for every sum of twenty-five dollars over the first twenty-five dollars included in the same: Provided, however, that in no case shall any such person be entitled to more than fifty votes.
Sec. 8. It shall be the duty of the said trustees, or the When books duty of any number of them not less than five, within two may be closed years after the passing of this act, to open books to receive organized. applications for insurance to be effected by the said company, and after receiving applications for such insurance, to be approved by them, amounting to one hundred thousand dollars, the books may be closed and the company organized. It shall also be the duty of the said trustees, so opening the said books, to appoint three inspectors of the first election. Sec. 9. Every person who shall become a member of this No premium
to be with corporation, by effecting insurance therein, shall the first time drawn. he effects insurance, and before he receives his policy, pay the rates of premium that shall be determined upon by the board of trustees, and no premium so paid shall be withdrawn from the said company during its continuance, but shall be liable for all the losses and expenses incurred by the company during the continuance of the charter.
Sec. 10. It shall be lawful for the said company to invest How Compatheir funds on bonds and mortgages on unincumbered real cs. ny may invest tate in this territory, worth fifty per cent. more than the sum loaned thereon, and in any stocks created by or under the laws of this territory, or of the future state of Wisconsin, and on bottomry, and respondentia, and to change and re-invest the
Sec. 11. The company, for the better security of its deal
Notes for preers, may receive notes for premiums on advance of persons miums may intending to receive its policies, and on such portions of said be given. notes as may exceed the amount of premium paid by the re