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the association. The treasurer shall take receipts for all such sums paid by him and keep and file all receipts. The warrants shall be numbered, and the accounts or claims in payment for which they are given shall also be numbere with the corresponding number of the warrant by which they are paid. The secretary shall keep stubs of all warrants issued by him showing the date, payee, amount, for what paid, and the number of the war. rant. The treasurer shall make semi-annual statements at the regular semi-annual meetings of the association showing in detail the amount received and disbursed by him since the last report, giving for each the name, date and purpose of the receipt or disbursement and the number of the warrant or claim upon which the money or property was received or disbursed. The directors shail allow him reasonable compensation for his services.

SECTION 18. The secretary and treasurer shall each give bond for the faithful performance of his duties in the sum of twenty-five thousand ($25,000) dollars, payable to the board of directors of the association and with sureties worth at least double the amount of the bond, to the satisfaction of the board.

Bind of officers.

Removal of officers.

SECTION 19. Any oficer of the association may be removed for incompetency, neglect or refusal to attend to business, or for conduct unbecoming an officer, by a twothirds majority of the board of directors, or by a majority of the stockholders at one of the regular meetings of such board or of such stockholders, or at a special meeting of such board or such members, called for that purpose.

SECTION 20. In case at any annual meeting it shall appear that the association has in its treasury the sum of one thousand ($1,000.00) dollars or more accumulated from the risk on grain over and above the funds reasonably necessary to carry on the business of the company and pay its losses for that year, such sum shall be paid out as a rebate pro rata to the persons who had paid in.

Rebate.

agent.

surance upon growing grain during that year; no rebate of less than twenty-five cents (0.25) shall be paid.

SECTION 21. The association may sue and be sued in Resident its corporate name. It shall be the duty of the association to appoint, in writing, an agent in each county a resident therein, on whom service of summons may be had, and shall file said written appointment in the office of the county clerk, and in case said appointment is not so made, then the association will be liable, in addition to the loss incurred, (for) all damages the plaintiff may sustain by reason of going to the county where the said officers reside, including an attorney fee of not less than one hundred dollars. SECTION 22. In case of suit on any policy or obliga- Members' li.

ability. tion of the association no member of the association shall be liable for any amount other than his premium on his policy. Any judgment upon any policy or claim against the association shall be paid in the same manner and to the same extent as other claims. In case the losses and claims.exceed the maximum premium, less the necessary expenses for the year, the amount collected, less the necessary expenses shall be paid pro rata upon such claims and losses and the association shall be released from any further liability thereon.

SECTION 23. The officers of any company organized Annual reunder this Act, shall annually, before the first day of February of each year, make to the Commissioner of Insurance, a full report of the financial condition of the company of which they are officers, showing the financial condition of the 31st day of December of the previous year, and also a report of all the business transacted by said company during the previous year, with a detailed report of its receipts and expenditures, and in compliance with Section 21, of Chapter 44, of the Statutes of Oklahoma.

SECTION 24. The grant of corporate power in this Act Limitation. contained is subject to alteration, suspension or repeal in the discretion of the Legislative Assembly.

port.

SECTION 25. All Acts and parts of acts inconsistent herewith are hereby repealed.

SECTION 26. This Act shall take effect and be in force from and after its passage and approval

Approved February 27, 1899

ARTICLE 2.-INSURANCE OF SCHOOL PROPERTY.

SECTION.
1. Repeal.

SECTION.
2. Return of money.

AN ACT to repeal Chapter 17, Session Laws, 1897, being an act to

provide for the insurance of school houses and the furniture and fixtures thereof.

Repeal

Return of money.

Be it Enacted by the Legislative Assembly of the Territory

of Oklahoma:

SECTION 1. That Chapter 17, Session Laws 1897, entitled "An Act to provide for the insurance of school houses, and the furniture and fixtures thereof,” be and the same is hereby repealed.

SECTION 2. It shall be the duty of the Territorial Superintendent of Public Instruction, immediately upon the passage and approval of this Act to return to the county treasurers of the several counties, all moneys collected under the provisions of Chapter 17, Laws of 1897, from the various counties, less the proportionate amount paid out for losses as required thereunder, to be by the said county treasurers distributed ratably among the several school districts entitled thereto, and the said Superintendent is hereby authorized to draw his warrant against the funds so collected and in the hands of the Treasurer of the Territory for the purpose of carrying this Act into effect.

SECTION 3. This Act shall take effect and be in force from and after its passage and approval.

Approved March 2nd, 1899.

CHAPTER XVIII.

MANUFACTURES-COTTON FACTORIES. SECTION. 1. Exempt from taxation.

AN ACT to promote and encourage the industry of cotton manufac

tures in the Territory of Oklahoma.

taxation.

Be it Enacted by the Legislative Assembly of the Territory

of Oklahoma:

SECTION 1. That any person, firm or corporation en- Exempt from gaging in the business of spinning, weaving and manufacturing cotton fabrics in the Territory of Oklahoma be and they are hereby exempted from all taxation of any kind or character upon their buildings, plant, machinery, stock and capital used wholly in such business, for the period of ten years from the date of the location of such plant.

SECTION 2. This Act shall take effect and be in force from and after its passage and approval.

Approved March 10th, 1899.

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AN ACT to provide for the maintenance and annual encampments of

the militia of the Territory of Oklahoma.

Be it Enacted by the Legislative Assembly of the Territory

of Oklahoma: Appropria• SECTION 1. That there is hereby appropriated out of tions, warrant drawn, misde. meanor when.

money

in the Territorial Treasury, not otherwise appropriated, an amount sufficient to pay the following sums, or so much thereof as may be necessary for the purpose to which it is appropriated: Provided, That the drawing of any warrant upon any fund after the appropriation therefor is exhausted is hereby made a misde

meanor and punishable accordingly. Incampment SECTION 2. To the Oklahoma National Guard for an

encampment of not to exceed six days, for transportation, rations and incidental expenses, the sum of three thousand dollars annually, or so much thereof as may be neces. sary: Provided, however, That when ordered to such encampment the officers and men shall not receive any per diem: And, provided further, That such encampment shall only be held by order of the Commander-in-Chief: Provided, That the expenses of such encampment shall be paid upon warrants issued by the Auditor upon sworn and properly authenticated vouchers, approved by the Com mander-in-Chief.

SECTION 3. That all railroad companies operating in Transportation, rate.

the Territory of Oklahoma, shall carry all members of the Oklahoma National Guard, acting under orders from the Commander-in-Chief at the rate of one cent per mile.

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