of their duties, which shall be paid by the claimant unless the award of such committee shall exceed the sum offered by the company in liquidation of such loss or damage, in which case said expenses shall be paid by the company. § 11. Whenever the amount of any loss shall have been ascertained, which exceeds in amount the cash funds of the company, the president shall convene the directors of the company, who shall make an assessment of such amount upon all the property distributing the same pro rata against such several pieces of property insured by the company. § 12. It shall be the duty of the president, whenever such assessment shall have been made, to immediately notify every person composing such company personally, by agent, or by letter sent to his usual postoffice address, of the amount of such loss and the sum due from him as his share thereof, and of the time when and to whom payment is to be made, but such time shall not be less than thirty (30) nor more than sixty (60) days from the date of such notice. § 13. Suits at law may be brought against any member of such company who shall neglect or refuse to pay any assessment made upon him by the provisions of this act; and the directors of any company so formed who shall willfully refuse or neglect to perform the duties imposed upon them by the provisions of this act, shall be liable in their individual capacity to the person sustaining such loss. Suits at law may also be brought and maintained against any such company by members thereof for losses sustained, if payment is withheld after such losses have become due. § 14. It shall be the duty of the secretary to prepare an annual statement showing the condition of such company on the 31st day of October, and present the same at the annual meeting. § 15. Any member of such company may withdraw therefrom by surrendering his policy for cancellation at any time while the company continues the business for which it was organized, by giving notice in writing to the secretary thereof and paying his share of all claims then existing against said company: Provided, that by the withdrawal of any such members, the members remaining in the company shall not be reduced below the original number of corporators, or the assets be reduced below the sum of fifty thousand dollars ($50,000). Provided, further, that the company shall have power to cancel or terminate any policy by giving the insured notice to that effect. § 16. It shall be the duty of the president and secretary of said such company on the first day of January of each year, or within one month thereafter, to prepare under their oath and transmit to the Auditor of Public Accounts a statement of the condition of the company on the thirty-first day of December then next preceding, in such form as the Auditor may direct. If, upon examination, he is of the opinion that such company is doing business correctly in accordance with the provisions of this act he shall thereupon furnish the company his certificate, which shall be deemed authority to contiuue business the ensuing year, subject, however, to the provisions of this act. For such examination and certificate the company shall pay one dollar. Each company shall pay at the time of organization ten dollars ($10) for the Auditor's services, all of which shall be paid into the State Treasury and applied to the insurance fund. $ 17. Any such company may be proceeded against and dissolved in the manner and upon the same conditions as provided in case of other insurance companies incorporated in this State. APPROVED June 15, 1893. TOWNSHIP COMPANIES. § 1. Amends section 3, act of 1874, by adding the last proviso. AN ACT to amend section three (3) of an act entitled "An act to revise the law in relation to township insurance companies,' approved March 24, 1874, in force July 1, 1874. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section three (3) of an act entitled "An act to revise the law in relation to township insurance companies," approved March 24, 1874, in force July 1, 18:4, as amended by an act approved May 11, 1877, in force July 1, 1877, be amended so as to read as follows: Section 3. The number of directors shall not be less that nine nor more than fifteen, a majority of whom shall constitute a quorum to do business, to be elected from the corporators by ballot of whom one-third shall be elected for one year, one-third for two years, and one-third for three years, until their successors are elected and qualified. At all subsequent elections, except to fill vacancies, one-third of said board of directors shall be elected for three years, said election to be held at the annual meeting of the company, which shall be on the first Tuesday after the first Monday in January in each year: Provided, that any company now incorporated and doing business under this act may at any time change their mode of electing their board of directors, at an annual meeting, as to be in conformity with this act. In the election of the first board of directors each corporator shall be entitled to one vote. At every subsequent election every person insured shall be entitled to as many votes as there are directors to be elected, and an equal additional number for each five hundred dollars ($500) that he may be insured in the company, and may cast the same in person or by proxy, distributing them among the same or less number of direc tors to be elected, or accumulating them upon one candidate as he may think fit: Provided, that any twelve members of any company now incorporated and doing business under this act, may at any time petition the secretary of the company to submit the question to the members thereof for or against abolishing proxy voting. Upon the receipt of such petition, the secretary of the company shall give notice in writing to every member thereof, at least ten days before the election, that at the next annual meeting of the company the question will be submitted to them to vote for or against abolishing proxy voting, which yote shall be by ballot. If the majority of votes cast at such an election are in favor of abolishing proxy voting, then at all subsequent elections all votes shall be cast in person. APPROVED June 19, 1893. ASSESSMENT COMPANIES. 81. Amends the act of 1887 by authorizing associations incorporated in this § 2. Emergency. AN ACT to amend an act entitled "An act to provide for the organization and management of corporations, associations or societies, for the purpose of furnishing life indemnity or pecuniary benefits to the beneficiaries of deceased members, or accident or permanent disability indemnity to the members thereof," approved June 16, 1887, in force July 1, 1887. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That an act entitled "An act to provide for the organization and management of corporations, associations or societies for the purpose of furnishing life indemnity or pecuniary benefits to the beneficiaries of deceased members, or accident or permanent disability indemnity to the members thereof," approved June 16, 1887, and in force July 1, 1887, be amended by adding thereto section "18a" as follows: Section 18a. Any corporation, association or society that has heretofore or may hereafter organize under the act designated in section 1 of this act, or that has been organized under an act of which said act designated in said section 1 is an amendment, may transact any business outside of the State of Illinois that it can or may do in the State of Illinois, and any business heretofore transacted outside of this State, by any such organization, which would be legal if done within this State, is hereby legalized and made valid. Section 2. WHEREAS, An emergency exists, therefore this act shall take effect and be in force from and after its passage. APPROVED June 19, 1893. AN ACT to incorporate companies to do the business of life or accident insurance on the assessment plan, and to control such companies of this State and of other States doing business in this State, and to repeal a certain act therein named, and providing and fixing the punishment for violation of the provisions thereof. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That any five or more persons, citizens of the United States, a majority of whom shall be bona-fide citizens and voters of this State, may associate themselves together as a body corporate, for the purpose of transacting the business of life or accident insurance upon the assessment plan, for which purpose they shall make, sign and acknowledge, before any officer authorized to take acknowledgments of deeds in this State, a certificate of association, in which shall be stated the name or title by which such corporation shall be known in law, the location of its principal business office (which office must be located in this State), the name and residence of the incorporators, the object of the incorporation, with its plan of doing business clearly and fully defined, the number of its directors, trustees or managers, and the names of those selected to serve until its first annual meeting; and in case of life corporations the limits as to age of applicants for membership, which shall not exceed sixty-five years, and that medical examinations are required, but no medical examination shall be required in case of accident corporations, and that bona fide applications have been secured for at least $500,000 by not less than five hundred persons, who have each made application for membership in such proposed corporation, and in case of a life corporation have each been examined and recommended by a reputable physician and in all cases have each deposited with the parties asking such charter the sum of two dollars on each one thousand dollars of insurance applied for as an advance assessment for mortuary or accident indemnity purposes, as the case may be; which certificate of association and applications, together with the certificate of some solvent bank or banks that all such advance funds are deposited therein, to be turned over to the treasurer of such association when organized, shall be submitted to the Auditor of Public Accounts, who shall carefully examine the same, and, if he shall find that the objects. and purposes are fully and definitely set forth and are clearly within the provisions of this act, and that the name or title is not the same or does not so closely resemble a title in use as to have a tendency to mislead the public, shall approve the same. If for either of the aforesaid or other good and sufficient reasons, the Auditor shall be unwilling to approve the certificate of association, he shall immediately inform the incorporators of the fact, stating his objections fully in writing. If the certificates and other documents are sufficient and satisfactory to the Auditor, he shall forthwith file the certificate of association, with his certificate of approval thereof, in the office of the Secretary of State. § 2. Upon the filing the papers as aforesaid the Secretary of State shall issue a certificate of organization of the corporation, association or society, making as a part thereof a copy of all papers filed in his office in and about the organization thereof, and duly authenticated under his hand and seal of State, and the same shall be recorded in a book kept for that |