Optional deposit by domestic companies. When companies may note deposit on policies. Form of notation. Valuation of policies of foreign companies. No fire or casualty policy placed without approval and counter-signature of resident agent. the privilege of one year preliminary term in either case; and should any such company issue any policies based upon a higher reserve standard than the above, such policies shall be valued according to such higher standard. The commissioner may accept the valuation made by the company, upon satisfactory proof of its correctness. The net cash value of all policies in force in any such domestic company being ascertained, as herein provided, within sixty days thereafter, the company may, at its option, deposit with the commissioner for security and benefit of its policy holders, the amount of the ascertained valuation and securities specified in sections 26 and 27 of this act. All companies depositing sufficient reserves as provided in this section may print on their policies a certificate reading as follows: "The full reserve on this policy is deposited with the Insurance Commissioner in approved securities in accordance with the Optional Reserve Deposit Law of the State of Colorado." In valuing policies issued by foreign companies, the standard adopted by each company shall be used as the basis of such valuation, Provided, That in no case shall such standard be lower than the American Experience. Table of Mortality with four per cent (4%) interest. The commissioner may accept the valuation of such policies. as certified to him by the commissioner of the home states of such foreign companies respectively. Section 62. (Fire or Casualty Agents to Countersign Policies-Reinsurance.) (1) No foreign fire or casualty insurance company doing business in this state shall make, write, place, or cause to be made, written or or placed any policy duplicate policy or contract of insurance of any kind or character or any general or floating policy, upon persons or property resident, situated or located in this state; except after the said risk has been approved, in writing, by an agent who is a resident of this state, regularly commissioned and licensed to transact insurance business herein, who shall countersign all policies so issued and receive the full commission thereon when the premium is paid. information. Section 81. (9) Such other information as the Additional commissioner may deem necessary for the protection of the public. Repealing Clause. All acts and parts of acts in confliet herewith are hereby repealed. Approved: April 12, 1915. Repeal. CHAPTER 97. INSURANCE INVESTMENT OF COMPANY FUNDS. When life in- Repeal. (H. B. No. 285, by Mr Sabin.) AN ACT TO REGULATE INSURANCE COMPANIES. Be It Enacted by the General Assembly of the State of Colorado: Section 1. Any life insurance company organized under the laws of this state may invest its capital and surplus funds in excess of $150,000.00, and over and above the reserve value of its policies, in the stock of any other solvent insurance company or companies licensed to transact business in one or more states, and engaged in transacting the same or similar kind of insurance business as that permitted by the charter or articles of incorporation of the company whose funds are so invested, but such stock shall not be purchased except for the purpose of reinsuring the business and taking over the assets of the company whose stock is so purchased as soon as the same can be done in compliance with the laws of the state in which the company is organized whose stock is so purchased. Sec. 2. All other acts and parts of acts in conflict herewith are hereby repealed. Approved: April 10, 1915. CHAPTER 98. INTOXICATING LIQUORS Litigation. pending to require (S. B. No. 80, by Senator Peterson.) AN ACT RELATING TO INTOXICATING LIQUORS. Be It Enacted by the General Assembly of the State of Colorado: and sale of unlawful. Section 1. PROHIBITION.-No person, association Manufacture, or corporation shall, within this state, manufacture for importation sale or gift any intoxicating liquors; and no person, asso- liquor ciation or corporation shall import into this state any intoxicating liquors for sale or gift; and no person, association or corporation shall, within this state, sell or keep for sale any intoxicating liquors or offer any intoxicating liquors for sale, barter or trade. Provided, however, That Medicinal and the handling of intoxicating liquors for medicinal or sacramental purposes may be done as in this act provided. sacramental purposes. Officers and employees of clubs and hotels shall not keep. Sec. 2. CLUBS.-It shall be unlawful for any officer, employee or member of any club, society or association, or for any proprietor, manager or employee of any hotel, restaurant, rooming house, boarding house or any place of public entertainment, to keep, or to aid or abet in keeping, any intoxicating liquors for the purpose of sale or gift as a beverage or for the division or distribution of the same Witnesses. about any such place in any manner whatsoever. In all cases arising under this section, any person above specified shall be a competent witness to prove a violation of any of the provisions hereof, and no such person shall be excused testimony. from testifying by reason of such testimony tending to incriminate himself, but the testimony so given shall in no case be used against himself. Incriminating Sec. 3. ADVERTISING.-It shall be unlawful for any person, association or corporation, either directly or indirectly, to advertise intoxicating liquors in this state for sale or gift in any newspaper, periodical, circular, handbill or price list or on any sign, sign-board, bill-board, bulletin-board, or in any manner whatsoever; or for any owner, officer or person in charge of any newspaper, periodical, sign, sign-board, bill-board, bulletin-board, printing office, advertising agency or publicity bureau, or any other person, to publish or distribute any matter in this state which either directly or indirectly advertises intoxicating liquors for sale or gift. Sec. 4. ORDERS.-It shall be unlawful for any person, association or corporation to solicit or take any order or orders for or any purchase or purchases of intoxicating liquors in any manner whatsoever, except as in this act provided. Sec. 5. BOOT-LEGGING.--It shall be unlawful for any person to carry on or about his person, or for any person, association or corporation to engage or employ any other person to so carry, in any quantity, any intoxicating liquors for the purpose of selling, bartering, exchanging, giving away or illegally delivering the same. Sec. 6. NUISANCES.-The whole or the part or parts of any building where intoxicating liquors are manufactured for sale, or are sold, bartered, exchanged or stored, with the knowledge of the owner or agent thereof, except as in this act provided, shall be deemed a nuisance. The district attorney, attorney general, the Governor or any person appointed by the Governor, or any citizen of the county where such nuisance exists, may maintain an action in the name of the People of the State to abate and perpetually enjoin the same. The injunction may be granted at the commencement of the action, and no bond shall be required. Any person violating the terms of any injunction so granted shall be punished for contempt by a fine of not less than one hundred nor more than five hundred dollars or by imprisonment in the county jail not less than thirty days nor more than six months, or both such fine and imprisonment, in the discretion of the court or |