comprise any ceases. And in case the territory included in any city which If territory shall be hereafter formed and established under the pro- village, such visions of this act, shall include the territory embraced corporation in any village or borough corporation, such village or borough corporation shall upon the establishment of such city corporation cease; and such city corporation shall thereupon succeed to and become vested with, the owners of all the property, real, personal and mixed, which belonged to or was owned by such village or borough corporation at the time when the same ceased to exist; and such city corporation shall also thereupon become and be liable and responsible for all the debts, obligations and liabilities then existing against such village or borough corporation, for any cause or consideration whatever, in the same manner and to the same extent as if such debts, obligations or liabilities had been originally contracted or incurred by such city corporation. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 20, 1897. CHAPTER 62. S. F. No. 134. ance. An act to amend sections 61 and 62 of chapter 175 of Title insurthe general laws of Minnesota for the year 1895, relating to title insurance companies. Be it enacted by the Legislature of the state of Minnesota: me Amendment SECTION 1. That section sixty-two (62) of chapter one seventy-five (175), of the general laws of Minnesota 1895. for the year eighteen hundred ninety-five (1895), be and the same is hereby amended so as to read as follows: Sec. 62. Any corporation heretofore organized under or confirmed by the provisions of chapter one thirtyfive (135), of the general laws of eighteen hundred eighty-seven (1887), and which has complied or shall hereafter comply with the provisions of chapter one hundred seven (107), of the general laws of eighteen hundred eighty-three (1883), as amended by chapter three (3) of the general laws of eighteen hundred eight-five (1885), shall be entitled to all the rights, privileges and franchises by said act conferred, and section sixty-one (61) of this act shall not apply to any such corporation so complying with the provisions of said acts of eighteen hundred eighty-three (1883) and eigh taxation. teen hundred eighty-five (1885), nor to any corporation organized under said acts of eighteen hundred eightythree (1883) and eighteen hundred eighty-five (1885), Provision for with authority to do title insurance business. Provided, however, that any corporation so organized under or confirmed by the provisions of said chapter one (hundred) thirty-five (135) of the general laws of eighteen hundred eighty-seven (1887), relating to title insurance companies, which has heretofore or shall hereafter avail itself of the provisions of said acts of eighteen hundred eighty-three (1883) and eighteen hundred eighty-five (1885), relating to trust companies, and any corporation heretofore organized under said acts of eighteen hundred eighty-three (1883) and eighteen hundred eighty-five (1885), and authorized to do a title insurance business shall be taxed upon one-half of its capital stock and surplus in the same manner that domestic insurance companies are taxed, and upon the rest of its property in the same manner that trust companies and other corporations are or may be taxed, upon filing in the office of the secretary of state an acceptance of this proviso. SEC. 2. All acts and parts of acts inconsistent with the provisions of this act are hereby repealed. SEC. 3. This act shall take effect and be in force from and after its passage. Approved March 22, 1897. S. F. No. 246. Insurance against burglary or theft. Amendment. Classifications. CHAPTER 63. An act to amend chapter 175 of the general laws for the year 1895, entitled an act to revise and codify the insurance laws of the state, approved April 25th, 1895, so as to authorize insurance against loss by burglary or theft or both. Be it enacted by the Legislature of the state of Minne sota: SECTION 1. That section 27 of chapter 175 of the general laws of the state of Minnesota for the year 1895 be amended so as to read as follows: Sec. 27. Insurance companies may be formed as provided in section twenty-eight for any one of the following purposes, to-wit: First-To insure against loss or damage to property by fire, lightning, hail or tempest on land, upon the stock or mutual plan. Second-To make insurance upon the lives of individuals, and every insurance appertaining thereto or connected therewith, and to grant, purchase or dispose of annuities and endowments of any kind. Provided, no company transacting the business of life insurance in this state shall be permitted to take any other kinds or risks except those connected with or appertaining to making insurance on life, or against accident to persons, and the granting, purchasing and disposing of annuities and endowments. Third-To insure upon the stock or mutual plan vessels, freight, goods, money, effects, and money lent on bottomry or respondentia, against the perils of the sea and other perils usually insured against by marine insurance, including risks of inland navigation and transportation. Fourth-To guaranty the fidelity of persons in positions of trust, private or public, and to act as surety on official bonds and for the performance of other obligations. Fifth-To insure against loss or damage to the property of the assured, or loss or damage to the life, person or property of another for which the assured is liable, caused by explosion of steam boilers. Sixth-To insure any person against bodily injury or death by accident, or any person, firm or corporation against loss or damage on account of the bodily injury or death by accident of any person for which loss or damage said person, firm or corporation is responsible. Seventh-To insure against the breakage of plate glass, local or transit. Eighth-To insure against loss by burglary or theft or both or attempt thereat, or loss of money or securities in course of transportation. Ninth-To insure against loss or damage to property of the assured by water, caused by accidental breakage of automatic sprinkler heads. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 22, 1897. CHAPTER 64. S. F. No. 35. An act to prevent the furnishing of impure water and Forbidding prescribing a punishment therefor. Be it enacted by the Legislature of the state of Minnesota: supply of impure water. Management of water works forbidden. Penalty. SECTION 1. That the owner, agent, manager, operator, or any one having charge of or directing the management of any water works furnishing water for public or private use, who knowingly permits the appliances of the same to become in a filthy condition, or in such condition that the purity and healthfulness of the water supplied by reason thereof becomes impaired, shall be guilty of a felony, and on conviction thereof shall be imprisoned in the state prison not more than ten years. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 22, 1897. S. F. No. 148. Illuminating oils. Amendment. No person shall knowingly sell or use oil that will ignite at a temperature of 120 degrees, Fahrenheit. Exceptions. Penalty. CHAPTER 65. An act to amend section four hundred and fifty-two (452), chapter six (6), statutes of one thousand eight hundred and ninety-four (1894), relating to illuminating oils. Be it enacted by the Legislature of the state of Minnesota: SECTION 1. Amend section four hundred and fifty-two (452) of chapter six (6), statutes of one thousand eight hundred and ninety-four (1894), by striking out the following words: "When the oil(s) from which said gas or vapor is generated are contained in reservoirs outside of the building illuminated by such gas;" and by adding the following words, "and from what is commonly known as gasoline," making said section to read follows: as Sec. 452. No person, firm or corporation shall knowingly sell or offer for sale or knowingly use in this state any kerosene or coal oil, or any product thereof, which by reason of adulteration or for any other reason will at a temperature of one hundred and twenty degrees, Fahrenheit, ignite and burn. Provided, that the quantity used for tests shall not be less than one-half pint. And provided further, that the gas or vapor from said oils and what is commonly known as gasoline may be used for illuminating purposes, and that an oil which will ignite and burn at a lower temperature than one hundred and twenty degrees, Fahrenheit, may be sold and used for fuel purposes. Any person violating the provisions of this section shall be deemed guilty of a misdemeanor, and shall upon conviction thereof be punished by imprisonment in the county jail not more than one year or by a fine of not exceeding five hundred dollars ($500), or both fine and imprisonment, in the discretion of the court. 000 inhabi- SEC. 2. None of the provisions of this act shall apply Cities of 50to cities of more than fifty thousand inhabitants. SEC. 3. This act shall take effect and be in force from and after its passage. Approved March 22, 1897. CHAPTER 66. An act authorizing the board of investment of the permanent school fund and the permanent university fund to sell or dispose of any bonds or securities that have been heretofore or may be hereafter purchased by authority of said board. Be it enacted by the Legislature of the state of Minnesota: S. F. No. 130. Authorizing sale of bonds or securities. SECTION 1. The board of investment of the permanent school fund and permanent university fund, consisting of the governor, state treasurer, state auditor, president of the board of regents of the state university, and the chief justice of the supreme court, are hereby authorized to sell and dispose of any bonds or securities that may have been heretofore or shall be hereafter purchased by authority of said board; provided, that such sale or disposition shall not be made until author- By unaniized by resolution adopted by unanimous vote of the entire board. SEC. 2. This act shall take effect and be in force from and after its passage. Approved March 22, 1897. mous vote. |