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AN ACT to provide the manner of paying the compensation of members of the legislature, and to make an appropriation therefor.

The People of the State of Michigan enact:

how and when

balance.

SECTION 1. The compensation of members of the legisla- Compensation, ture shall be paid in installments of fifty dollars each, at paid. intervals of ten days, during the time in which the legislature is in regular session, until the total amount of such installments shall equal the sum of eight hundred dollars: Provided, That if the legislature shall fix the date of final Proviso, adjournment for a time at which the total amount of such installments then paid will not equal such sum, the difference between the amount of the installments already paid and the sum of eight hundred dollars, such difference being hereinafter called a balance, shall be paid upon the day on which the two houses of the legislature cease to transact business. Such installments shall be payable upon vouchers duly certified and countersigned as required by law.

SEC. 2. If, for any reason, the office of a member of the Vacancy. legislature shall, during a regular session, become vacant, and a successor to such member shall be elected and shall qualify for the office, the installments specified in section one of this act shall be paid to such successor in office from the date of his qualification. Should a balance be payable Pro rata in such case at the end of the session, such balance shall be payment. paid pro rata to the member then in office and to the former member or his legal representatives. In case a vacancy exists Former and a successor is not elected or does not qualify for the member. office and a balance is payable at the end of the session, there shall be paid to the former member or his legal representatives an amount sufficient to make the total compensation received by him proportionate to that paid for the entire ses

sion.

SEC. 3. Such sums as may from time to time be necessary General to meet the requirements of this act are hereby appropriated fund.

Tax levy.

from any moneys in the general fund in the State treasury not otherwise appropriated.

The Auditor General shall incorporate in the State tax for the year nineteen-hundred nine, and every year thereafter, an amount sufficient to reimburse the general fund for the amounts appropriated in this act.

This act is ordered to take immediate effect.
Approvod January 27, 1909.

Who may organize,

purpose, etc.

Articles, form of.

Elective officers.

[No. 2.]

AN ACT to authorize the incorporation of retail lumber dealers' mutual insurance associations.

The People of the State of Michigan enact:

SECTION 1. It shall be lawful for any number of retail lumber dealers, either individuals, partnerships, partnership associations or corporations not less than twenty-five, who collectively shall have capital invested in the retail lumber business to the aggregate value of not less than fifty thousand dollars, to organize a mutual insurance association for the purpose of insuring their stock of lumber, sheds, offices and fixtures generally kept in retail lumber yards, against loss or damage by fire and lightning, by complying with the following conditions, viz.: They shall sign articles of organization which shall be substantially in the following form:

"The undersigned retail lumber dealers of the State of Michigan and owners of more than fifty thousand dollars capital invested in the retail lumber business do hereby associate together by forming a mutual insurance association under the name of .... .. Lumber Dealers' Mutual Insurance Association of Michigan for the purpose of insuring the stock of lumber, sheds, offices and fixtures generally kept in a retail lumber yard, against loss or damage by fire and lightning. The elective officers of said association shall be president, and a board of directors of six members, to be elected at the first meeting by the signers of the articles of association. Three of said directors shall be elected and hold their office until the first annual meeting and three until the second annual meeting, or until their successors shall be elected. At the first annual meeting and annually thereafter, three members of said board of directors shall be elected for a term of two years each. The president shall be elected annually and, by virtue of his office as president of the association, shall be a member of the board of directors and president of the board. The board of directors shall fix the time and place for holding the annual meeting and

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shall elect the secretary and treasurer and such other officers
as may be provided for in the by-laws of the association.
In witness whereof we have hereunto signed our names
this
A. D., nine-

teen hundred and

day of

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SEC. 2. Such articles of organization shall be subscribed Who shall to by at least twenty-five retail lumber dealers of the State subscribe. of Michigan, who are owners of not less than fifty thousand dollars' worth of stock in retail lumber yards, which shall be insured by such association, and when so signed shall be filed in the office of the Insurance Commissioner of this

General,

State. After the articles of association have been filed with Attorney
the commissioner, with proof that policies to cover the amount examination
of insurance have been applied for, they shall be examined of articles by.
by the Attorney General, and if found in conformity with
the law, the Commissioner of Insurance shall issue a certifi-
cate that said association is duly organized and is entitled
to do business under the laws of this State.

how vested.

SEC. 3. The general management of the business of said Management, association shall be vested in a president and six directors, each of whom shall, during his term of office, either be a policy holder in said association, or shall be a member of a firm or association or a stockholder in a corporation which

shall be a

policy holder in said association. The officers of Election of such company shall be elected as follows: The signers of officers. the articles of association shall elect from their number a president and six directors, of whom the president and three directors shall hold their offices until the first annual meeting or until their successors are elected, and three directors until the second annual meeting; and at the first annual meeting thereafter. three members of said board of directors shall be elected for a term of two years each. The president shall be elected annually by the policy holders and, by virtue of his office as president of the association, shall be a member of the board of directors and also president of the same. The board of directors shall fix the time and place for hold- Annual ing the annual meeting and shall elect a secretary, treas. meeting. urer and such other officers as may be provided for by the by-laws, whose duties and compensation shall be such as may be provided for in the by-laws.

SEC. 4. Such association, before commencing its business, By-laws.

shall

prepare and adopt by-laws, which shall prescribe the

duties of its officers, the manner, place and time of electing
them; the place and manner of transacting its business and
such other rules and regulations as may be deemed essential
for the management of its affairs.

Such by-laws shall not

be annulled, changed, suspended or repealed, except in the
manner therein set forth, and a copy of same and of any
subsequent amendments thereto or changes therein shall be,
by the secretary, forthwith filed with the Commissioner of

Insurance.

Standard policies,

authority to issue.

Members, right of.

Liability of.

Miscellaneous provisions.

Withdrawals,

etc.

Annual statement, what to contain.

SEC. 5. Such association is authorized to issue standard policies of insurance signed by the president and secretary, agreeing to pay the person insured thereby all loss and damage to the property insured, by fire or lightning, for a period of not more than three years, not exceeding the amount of three thousand dollars.

SEC. 6. Every holder of a policy of such insurance shall be a member of the association and be entitled to one vote, either in person or by proxy, for each thousand dollars of insurance or major fraction thereof, in the meetings of the association, and in the election of president and directors, and shall be eligible, or if such member be a partnership, partnership association or corporation, then a member or stockholder thereof shall be eligible to be elected to any office of such association. Such members shall be liable to the association for a share of all losses and damages by fire or lightning sustained by any other member, and shall also be liable for a share of the expense of the management of the business of such association, in proportion to the amount of insurance in such association, but his liability shall not exceed five times the amount of the cash premium required by the by-laws to be paid before the policy is issued, in addition to the premium so paid, and shall also be bound by and subject to the by-laws of the association.

SEC. 7. The association shall, in and by its by-laws, provide for the manner in which such insurance shall be effected and the terms and conditions thereof; the time and manner in which such losses by it sustained under its policies of insurance shall be determined, proved, adjusted and paid, and the time and manner and the officers to whom such assessment shall be paid. It shall also, in and by its bylaws, provide such other regulations, terms and conditions as may be necessary for effectively and fully carrying out its plans of insurance, and the said by-laws in force at the time of the date of any policy of insurance issued by the association shall have the force and effect of law in the determination of all questions and claims arising under such policy between the holder thereof and the said association.

SEC. 8. The said association shall also in its by-laws provide the manner, terms and conditions upon which any member thereof may withdraw, or be suspended or policy cancelled.

SEC. 9. The secretary of the association shall prepare and submit to the members thereof, at each annual meeting, a detailed statement of the condition of such association and its transactions for the preceding year, showing the number of policies and to whom issued; the amounts assured thereby; the number of assessments made during the year and the amounts paid in upon each assessment; the losses sustained during the year, and whether the same have been paid or adjusted or remain unpaid or unadjusted or are disputed and

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