same are hereby legalized, any slight or technical errors in a tax to be house. SEC. 2. The trustees of said school district number one Concerning are hereby authorized to levy a tax upon the taxable property levied to build in said district, according to the last assessment in said town, a school to the amount of three hundred dollars; and also to sell and dispose of their present school house, and apply the said three hundred dollars, and the proceeds of sale of said school house, in the erection and finishing a new school house in said district, in accordance with a vote of said district already taken to that effect: Provided, said school house, and the Proviso. property of said district, shall be subject to all laws in relation to school districts and district property now in force in this territory, or which may hereafter be enacted. WILLIAM SHEW, Speaker of the House of Representatives. MASON C. DARLING, APPROVED, February 10, 1847. HENRY DODGE. President of the Council. AN ACT To provide for the location of the county seat of Be it enacted by the Council and House of Representatives of the Territory of Wisconsin: SECTION 1. That at the election to be held on the first Tuesday in the month of April, A. D. 1847, all white male When elec. tors may vote of county seat. inhabitants of the county of Iowa, of twenty-one years and for location upwards, who shall have resided in the county thirty days immediately preceding said election, shall, at the time and place of holding said election, vote for the location of the county seat of Iowa county, by depositing a ballot with the judges of said election, upon which shall be written or printed the name of the place voted for as the county seat of said county. Canvass of votes. Place having SEC. 2. The said ballots shall be canvassed and returned in the manner provided by law for canvassing and returning the votes for county officers; and such place in said county as shall be designated by a majority of all the votes so given, be the county shall be and remain the county seat of Iowa county until otherwise provided by the people of said county. a majority to seat. Mineral Point to be the temporary county seat. SEC. 3. The county seat of Iowa county shall be located in the town of Mineral Point until otherwise provided for according to the first and second sections of this act, and until suitable buildings shall be provided for county purposes; and it shall be the duty of the county commissioners of Iowa county to provide all necessary county buildings at Mineral Point for county purposes, until the county seat of said county shall be permanently located. WILLIAM SHEW, Speaker of the House of Representatives. MASON C. DARLING, APPROVED, February 10, 1847. HENRY DODGE. President of the Council AN ACT To incorporate the Merchants' Mutual Insurance Company of Milwaukee. Be it enacted by the Council and House of Representatives of the Territory of Wisconsin: SECTION 1. That from the time this act shall commence Name and style of cor and take effect,. James B. Martin, Harrison Luddington, poration. George D. Dousman, Nathaniel S. Donaldson, James Kneeland, Clarence Shepard, Lemuel W. Weeks, J. Albert Helfenstein, Leonard I. Farwell, Henry I. Nazro, F. B. Putnam, Daniel Wells, Jr., C. T. Bradley, Frederick Wardner, George. F. Austin, George H. Walker, William H. Byron, Cicero Comstock, John W. Medbery, and Jacob Rapelje, and all other persons who may hereafter associate with them in the manner herein prescribed, shall be a body politic and corporate by the name of "The Merchants' Mutual Insurance Company." powers of SEC. 2. The corporation hereby created may become a General party to suits; may make bye-laws, not inconsistent with any corporation. existing law, for the regulation of its affairs, and have and use a common seal, and alter the same at pleasure; and in addition to these general powers, the said corporation shall have power, by instrument under seal, or otherwise: 1. To make insurance on dwelling houses, shops, and other buildings, household furniture, merchandize, and other property against loss or damage by fire: 2. To make marine insurance upon steam boats, vessels, and other water craft, goods, wares, and merchandize, freight, bottomry, and respondentia interests; and to make all and every insurance connected with marine risks, and risks of navigation and transportation : 3. To cause themselves to be re-insured against any risk upon which they have made or may make insurance. Powers by whom exer. cised. Classes of trustees. Vacancies how filled. Notices of election how given. SEC. 3. All the corporate powers of the said company shall be exercised by a board of trustees, and such officers, clerks, and agents as they may appoint. The board of trustees shall consist of twenty persons, all of whom shall be citizens of this territory. They shall elect a president and vice-president annually, who shall be members of this corporation, and shall hold their offices until others are elected in their stead; and they shall have power to declare by byelaw what number of trustees less than a majority of the whole shall be a quorum for the transaction of business. The persons named in the first section of this act shall constitute the first board of trustees. SEC. 4. The trustees shall at their first meeting divide themselves by lot into four classes. The term of the first class shall expire at the end of one year; the terms of the following classes shall expire successively annually thereaf ter; and each class shall hold over until others are elected in its stead; but this section shall not be so construed as to prevent a trustee going out from being eligible as a new trustee. SEC. 5. Vacancies happening in the board of trustees, or in the number of inspectors, or in the office of president or vice-president, by death, resignation, removal from the territory, or otherwise, may be filled by the board of trustees, for the remainder of the term, a plurality of votes constituting a choice. SEC. 6. Notices of annual elections of trustees to hold for four years, and until others are elected, and for three inspectors of the next election, shall be given in one or more of the daily papers published in the city of Milwaukee, by an officer of the company, two weeks prior to each annual election, to be held at such time and place as may be designated by the board of trustees, or by the president or vice-president, in case of the omission of the trustees to designate the same. Qualification SEC. 7. Every person having taken a policy during the of voters and members of preceding year, directly in his own name, or in the name of corporation. his firm, and every person holding in his own name, or in the name of his firm, a certificate or certificates of the company, (not discharged by payment of losses,) for a proportionate share of the premiums earned as hereinafter provided for, to the amount of twenty-five dollars, shall be deemed a member of this corporation, and entitled to vote in person, or by proxy, at all elections; and every person holding such certificate or certificates, in his own name, or in the name of his firm, shall be entitled to an additional vote for every sum of twenty-five dollars over the first twenty-five dollars included in the same: Provided, however, that in no case shall any such person be entitled to more than fifty votes. SEC. 8. It shall be the duty of the said trustees, or the When books duty of any number of them not less than five, within two may be closed and company years after the passing of this act, to open books to receive organized. applications for insurance to be effected by the said company, and after receiving applications for such insurance, to be approved by them, amounting to one hundred thousand dollars, the books may be closed and the company organized. It shall also be the duty of the said trustees, so opening the said books, to appoint three inspectors of the first election. to be with SEC. 9. Every person who shall become a member of this No premium corporation, by effecting insurance therein, shall the first time drawn. he effects insurance, and before he receives his policy, pay the rates of premium that shall be determined upon by the board of trustees, and no premium so paid shall be withdrawn from the said company during its continuance, but shall be liable for all the losses and expenses incurred by the company during the continuance of the charter. their funds. SEC. 10. It shall be lawful for the said company to invest How Compatheir funds on bonds and mortgages on unincumbered real es- ny may invest tate in this territory, worth fifty per cent. more than the sum loaned thereon, and in any stocks created by or under the laws of this territory, or of the future state of Wisconsin, and on bottomry, and respondentia, and to change and re-invest the same. Notes for pre SEC. 11. The company, for the better security of its dealers, may receive notes for premiums on advance of persons miums may intending to receive its policies, and on such portions of said be given. notes as may exceed the amount of premium paid by the re |