172 BUSINESS OPERATIONS AND ORGANIZATIONS, 



LOSSES. Section 1. In case of loss or damage by fire, the Secretary, or Di 

 rector residing in the county in which the fire occurred, or both, or an agent, may 

 proceed to investigate the cause and origin of such fire or damage, and ascertain 

 by evidence the liability of the Association. 



Sec. 2. When any person insured shall sustain a loss or damage by fire, he 

 shall, within thirty days after such loss, deliver to the Secretary a particular 

 statement in writing of such loss or damage, signed by him, and verified by his 

 oath or affirmation, and also, if required, by proper vouchers, and stating also 

 the whole cash value of the property lost or damaged; how the building was oc 

 cupied, and by whom, at the time of the loss; how the fire originated as far as he 

 knows or believes, and that the fire occurred by misfortune, and without fraud or 

 evil practice ; also declare whether any insurance existed thereon in any other 

 company, and if so what amount; and if required, submit to a full examination. 



Sec. 3. No person shall have claim for more than two thirds the value of 

 buildings, or household furniture and wearing apparel, at the time destroyed, nor 

 more than the amount of insurance; such loss to be determined by the Directors. 

 But in case a disagreement shall arise between the insured and the Directors in 

 regard to the settlement of loss by fire, the same shall be determined by three ref 

 erees, not interested, mutually chosen by the insured and Directors, and their 

 decision shall be final; and the reasonable expenses of such referees shall be 

 equally borne by the Association and the loser. 



Sec. 4. No claim for loss or damage shall be valid against the Association, un 

 less presented within thirty days from the date of loss. 



Sec. 5. In case of fire or loss or damage thereby, or by exposure to loss or 

 damage thereby, it shall be the duty of the assured to use all possible diligence 

 in saving and preserving the property; and if they fail to do so, this Association 

 shall not be held answerable to make good the loss or damage sustained in conse 

 quence of such neglect; or from any loss occasioned by steam threshers. 



Sec. 6. In case of any loss or damage to the property insured, it shall be op 

 tional with the Association to replace the articles lost or damaged with others of 

 the same kind and equal quality, and to rebuild or repair the building or build 

 ings, within a reasonable time, giving notice of their intention to do so within 

 thirty days after the preliminary proofs shall have been received at the office of 

 the Association. 



OFFICE. Section 1. All policies issued shall be signed by the President and 

 Secretary, and shall take effect at twelve o clock, noon, on the date of the applica 

 tion. 



Sec. 2. The fiscal year shall begin and close at twelve o clock, noon, of the 

 same day of the annual meeting. 



Sec. 3. The books of the office of the Association shall be open for inspection 

 during business hours. 



Sec. 4. In case of a deficit or deficits arising from the non-collection of any 

 assessments made for any purpose herein mentioned, provided for the assessing 

 and collecting of sums to pay losses or damage by fire, or other purposes, 

 another assessment can be made for such deficit or deficits. 



