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How paid out.
SEC. 2. The several sums appropriated by the provisions of this act sball be paid out of the State treasury to the warden of the Michigan State Prison, at such times and in such amounts as the general accounting laws of this State prescribe, and the disbursing officer shall render his accounts
to the Auditor General therefor. Tax clause. Sec. 3. The Auditor General shall add to and incorporate
in the State tax for the year nineteen hundred thirteen,
This act is ordered to take immediate effect.
AN ACT to provide for the organization of insurance com
panies to do a general automobile insurance business; to prescribe their powers and duties and to regulate the same.
Number may incorporate.
Articles of association.
Name of corporation.
The People of the State of Michigan cnact: SECTION 1. Seven or more persons may become a corporation for the purpose of writing insurance on automobiles covering in one policy, fire, theft, property damage, liability and collision insurance, together with any other proper form of automobile insurance which may be approved on application to the Insurance Commissioner.
Sec. 2. The persons so associating shall subscribe articles of association which shall contain:
1. The names of the incorporators, their places of residence respectively and also the number of shares subscribed for by each respective proposed incorporator;
2. The name by which the corporation shall be known which shall not be the same as or too closely resembling the name of any other corporation organized under the laws of this State or doing business in this State;
3. The place where its principal office for the transaction of its business is to be established and the period for which it is to be incorporated, which period shall not exceed thirty years;
4. The purposes of the corporation as mentioned in the first section of this act;
5. The manner in which the corporate powers are to be exercised; the number of directors and other officers and the manner of electing the same and low many of the directors shall constitute a quorum and the manner of filling Vacancies;
6. The amount of capital stock, if any, and what propor- Capital stock, tion is paid in before the corporation shall commence busi- amount of, etc. ness, which shall be at least fifty per cent of the total authorized capital stock;
7. The time for holding of the annual meeting of the cor- Annual meetporation;
8. Any other proper terms and conditions which the incorporators may have agreed upon not contrary to any law and which shall meet the approval of the Insurance Commissioner and which they deem important to have set forth in such articles.
Sec. 3. The capital stock of any company organized under Capital stock, this act shall in no case be less than two hundred thousand amount re
quired. dollars in shares of one hundred dollars each; which capital stock may be increased from time to time by a vote of two-thirds of the stockholders present or represented at any regular meeting called for that purpose: Provided, That Proviso. the Commissioner of Insurance shall first be given notice of such proposed increase and shall express approval of the same.
SEC. 4. A reserve fund shall be maintained by such com- Reserve fund. pany amounting at all times to forty per cent of the premiums on all of its insurance in force, and not less than forty per cent of the earned premiums on all of its liability insurance which has terminated during the preceding five years, less the amount paid for losses and expenses incidental thereto upon claims under said liability insurance which has terminated during the preceding five years. And the amount of the reserve fund so ascertained shall be increased by such an amount as is necessary to provide for claims more than five years old and not liquidated. When- When capital
impaired, etc. ever the capital of any company authorized under this act shall become impaired to the extent of fifteen per cent, or shall otherwise become unsafe, it shall be the duty of the Commissioner of Insurance to direct such company to take any measures he deems necessary to restore its capital to a safe and sound condition, and to cancel the authority of such company upon its failure to comply with his directions within a reasonable time. Sec. 5. The following provisions of law and any future Provisions
applicable. amendments thereto applicable to the business of life insurance companies in this State shall apply to, govern and regulate automobile insurance companies doing business by virtue of this act:
(a) Appointment of an attorney to receive process;
(b) Annual statement of financial condition, including statement of business done and other proper information requested by the Insurance Commissioner;
(c) Deposit with the State Treasurer;
(d) Provisions relative to foreign insurance companies desiring to transact business in this State, expressly including herein the payment of specific taxes;
Provisions relative to holding real estate; (f) Provisions relative to by-laws;
(g) Examination of books, accounts and affairs of the company;
(1) Penalties for false statements or refusals to comply with the order of the Commissioner of Insurance.
SEC. 6. Any and all acts or parts of acts in any manner contravening any of the provisions of this act are hereby expressly repealed.
Approved April 15, 1913.
AN ACT to amend sections one and two of act number eighty
nine of the Public Acts of nineteen hundred eleven, entitled "An act to provide for the lawful taking and removing with seines or nets, and destroying under certain regulations and restrictions of dog fish, carp and gar-fish or bill fish in the inland waters of this State," and to add two new sections thereto to stand as sections three and four.
Sections amended and added.
Obnoxious fish, removal of.
The People of the State of Michigan enact: SECTION 1. Sections one and two of act number eighty. nine of the Public Acts of nineteen hundred eleven, entitled "An act to provide for the lawful taking and removing with seines or nets and destroying under certain regulations and restrictions of dog fish, carp, gar-fish, or bill fish, in the inland waters of this State," are hereby amended, and two new sections are added to said act to stand as sections three and four, said amended and added sections to read as follows:
SEC. 1. Hereafter it shall be lawful under the regulations and restrictions in this act provided to take and remove with seines, nets or otherwise, from the inland waters of this State, dog fish, carp, gar-fish, sheepshead, suckers, mullet and redhorse, and other obnoxious fish, and to sell or authorize the sale of same for the purpose of paying the expense of such removal: Provided, however, That no permit granted under this act shall allow the removal of such fish as provided therein from the twentieth day of April to the twentieth day of May, both of said days inclusive.
SEC. 2. The State Game, Fish and Forestry Warden may in liis discretion cause to be taken or removed by seine, net or otherwise from the inland waters of this State, all dog fish,
Proviso, closed season.
May cause reinoval, etc.
carp, gar-fish, sheepshead, suckers, mullet, redhorse and other obnoxious fish: Provided, That before such action is taken Proviso,
petition. there shall be filed with the State Game, Fish and Forestry Warden a petition requesting the same and signed by at least fifteen residents of the township or, city in which such inland waters are located, said petition to be verified by the supervisor of said township, and forwarded to the State Game, Fish and Forestry Warden: Provided further, That Further
, the State Game, Fish and Forestry Warden or a deputy to be designated by him shall be present at the time and place of the taking and removing of the fish in this act provided, and shall personally superintend the same.
Sec. 3. After receiving a petition for the removal of dog Removal perfish, carp, gar-fish, sheepshead, suckers, mullet, redhorse and mits. other rough fish from any of the inland waters, the State Game, Fish and Forestry Warden may in his discretion authorize the removal of such fish, and may issue permits for such removal, and may sell or authorize the sale of such fish Sale. for the purpose of paying the expense of such removal, on such terms as shall be to the best advantage to the State: Provided, That when two or more petitions are presented Proviso. for the removal of dog fish, carp, gar-fishi, sheepshead, suckers, mullet, redhorse and other obnoxious fish from any of the inland waters, the State Game, Fish and Forestry Warden may award the permit for such removal to the person offering the highest percentage to the State for the removal of same, either by sealed bid or at public sale at a time and place to be publicly designated by the State Game, Fish and Forestry Warden : Provided, That non-residents who operate Proviso, nonunder this act shall in addition to the percentage paid to resident fee. the State, be required to pay the non-resident license fee, as provided for non-residents under the commercial fishing license laws of this State.
Sec. 4. The proceeds received from the sale of permits Proceeds of or from the sale of fishi, under the provisions of this act, sahere
, etc., shall be transmitted to the State treasury and credited to credited. the game and fish protection fund and may be used for the purpose of removal of fish from inland waters where the commercial value of the dog fish, carp, gar-fish, sheepshead, suckers, mullet, redhorse and other obnoxious fish is not sufficient to pay for such removal or for the purpose of enforcing the game and fish laws of the State.
Approved April 16, 1913.
AN ACT to regulate the manufacture, display, advertise
ment and sale of oleomargarine or imitation butter and
Oleomargarine, etc., labeling, etc.
Verbal notice to purchaser before sale.
The People of the State of Michigan cnact:
SEC. 2. No person shall sell, exchange or deliver any oleo-
SEC. 3. The proprietor or keeper of any store, hotel, restawant, eating saloon, boarding house, or other place where oleomargarine is sold or furnished to persons paying for the same, shall have placed on the walls of every store or room where oleomargarine is sold or furnished a white placard on which is printed in black ink, in plain Roman letters of not less than three inches in length, and not less than two inches in width, the words “Oleomargarine sold or used here," and shall at all times keep the same exposed in such conspicuous place as to be readily seen by any and all persons entering such store, or other room or rooms,
Placards where oleomargarine used, etc.