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All freight or merchandise or other articles, not with cr on a wagon or team, at the rate of five cents per barrel, or five cents per hundred weight; lumber shall be ferried at the rate of thirty cents per thousand feet, when delivered on board said boat or boats; provided, that the city council of the city of Hudson, shall have authority to reduce said rates, whenever it shall deem proper.

Conflicting laws repealed. SECTION 5. All acts or parts of acts which contravenes the provisions of this act are hereby repealed.

SECTION 6. This act shall take effect and be in force from and after April 15, 1901.

Approved Feb. 28, 1901.

No. 335, A.]

[Published Feb. 28, 1901.

CHAPTER 21.

AN ACT regulating license fees to be paid by life insurance. companies, corporations and associations, and to amend section 1220 of the Wisconsin statutes of 1898, as amended by chapter 326 of the laws of Wisconsin for the year 1899.

The people of the state of Wisconsin represented in senate and assembly do enact as follows:

What companies to pay license. SECTION 1. Section 1220 of the Wisconsin statutes of 1898, as amended by chapter 326, of the laws of 1899, is hereby amended so as to read as follows: Section 1220. Every company, corporation or association transacting the business of life insurance within this state, excepting only such fraternal societies as have lodge organizations and insure the lives of their own members and ao others, shall, on or before the first day of March, in cach year, ray into the state treasury as an annual license fee for transacting such business, the amounts following:

Rate for companies organized within state; income how ascertained. First. If such company, corporation or association is organized under the laws of this state, and is not purely an as

sessment or stipulated premium plan company under chapter 270, laws of 1899, three per centum of its gross income from all sources for the year ending December 31st, next prior to said first day of March excepting therefrom income from rents of real estate upon which said company, corporation or association has paid the taxes assessed thereon, and excepting also premiums collected outside of the state of Wisconsin on policies held by non-residents of the state of Wisconsin. In ascertaining the income upon which such license fee shall be computed as aforesaid, no deduction shall be made from premiums, whether paid in cash or premium notes, on account of dividends allowed or paid to the insured.

Rate for companies organized without state; exceptions. Second. If any such company, corporation or association is organized without the state of Wisconsin, and is not purely an assessment company, it shall pay into the state treasury, as such annual license fee, the sum of three hundred dollars, except that whenever the similar taxes and fees imposed upon a company of another state under section 1221, statutes of 1898, shall exceed three hundred dollars, the amount of the annual license fee shall be deducted.

License fees of other companies. SECTION 2. Every other such association, corporation or company doing business within this state, whether organized within or without the state, including all assessment companies and associations, and stipulated premium plan companies under chapter 270, laws of 1899, and excepting only such fraternal organizations as are hereinbefore specified, shall, on or before the first day of March, in each year, pay into the state treasury of the state as an annual license fee, the sum of three hundred dollars.

Power granted by license; license fee in lieu of all taxes, except on real estate. SECTION 3. Such license, when granted shall authorize the company, corporation or association to whom it is issued to transact business until the first day of March of the ensuing year, unless sooner revoked or forfeited. The payment of such license fee shall be in lieu of all taxes for any purpose authorized by the laws of this state, except taxes on such real estate as may be owned by such company, corporation or association.

Extension of license to become due on May 1. SECTION 4. Any such company, corporation or association may have such license extended in any year, from the first day of March to the first day of May, by paying a pro rata share of the license

fee prescribed by this act for the intervening two months and thereafter said annual license fee shall be paid on the first day of May of each year, and shall authorize such company, corporation or association to transact business until the first day of May of the ensuing year.

Conflicting laws repealed. SECTION 5. All acts and parts of acts conflicting with the provisions of this act are hereby repealed.

Provisions of act not to affect Section 1221. SECTION 6. This act shall not affect, alter or repeal the provisions of section 1221 of the statutes of 1898, which section is hereby declared to be in full force and effect.

SECTION 7. This act shall take effect and be in force from and after its passage and publication. Approved Feb. 28, 1901.

No. 92, A.]

[Published March 1, 1901.

CHAPTER 22.

AN ACT to amend section 1951 of Wisconsin statutes of 1898, in relation to investments by domestic life insurance companies.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

May invest in municipal bonds, securities of railway or street railway; loans to policy holders. SECTION 1. Section 1951 of the Wisconsin statutes of 1898, is hereby amended by striking out the word "first" in the sixth line thereof, and by adding after the word "railway" in the same line of said section, the words" or street railway;" also by striking out the word "surplus," in the sixteenth line of said section; so that said section when so amended shall read as follows: Section 1951. Every such corporation organized under the laws of this state, may invest its funds and accumulations in stocks or bonds of the United State or of this state, or of any county, city, town or village, or duly organized school district therein, or in mortgages, being

first liens on real estate worth at least twice the money loaned thereon, or in the mortgage bonds of any railway or street railway company duly incorporated and organized under the authority of this state; and it may also make loans on the security of promissory notes, amply secured by pledge of any of the bonds in which such insurance corporations are hereby authorized to invest their funds, and every such corporation may not only loan to its policy holders, sums not exceeding one-half the annual premiums on their policies, upon notes to be secured by the policies of the persons to whom the loans may be made, but may also make loans upon the security of its own policies to an amount not exceeding ninety-five per cent. of the cash surrender value of each such policy at the time of making any loan; and - such corporation may invest its funds in other states on like securities and under the same restrictions as in this state. No life insurance corporation organized under the laws of this state. shall issue policies insuring fire, marine, accident or live stock risks or do any banking business.

SECTION 2. This act shall take effect and be in force, from and after its passage and publication. Approved Feb. 28, 1901.

No. 51, A.]

[Published March 1, 1901.

CHAPTER 23.

AN ACT to amend sections 3825 and 3826, Wisconsin statutes of 1898, relating to the discovery of property by proceedings in county court.

The people of the state of Wisconsin represented in senate and assembly do enact as follows:

Court may cite suspected person to appear; production of books, records, etc.; proceedings not to bar other proper actions. SECTION 1. Section 3825 of the Wisconsin statutes of 1898, is hereby amended so as to read as follows: Section 3825. If any executor or administrator, heir, legatee, creditor or other person interested in the estate of any deceased person shall complain to the county court on oath that any person is suspected

to have concealed, embezzled, conveyed away or disposed of any money, goods or chattels of the deceased, or that any person is indebted to the deceased, or that any person has in his possession or under his control, or has knowledge of any concealed property of the deceased, or has in his possession or under his control, or has knowledge of any deeds, conveyances, bonds, contracts or other writings which contain evidence of or tend to disclose the right, title, interest or claim of the deceased to any real or personal estate, or any claim or demand, or any last will and testament of the deceased, the said court may cite such suspected person to appear before it and may examine him on oath upon the matter of such complaint. Whenever any such suspected person shall be cited to appear before the county court pursuant to the provisions of this section or pursuant to the provisions of section 3989, Wisconsin statutes of 1898, the court may cause to be subpoenaed and brought before it witnesses and compel the production of books, records and all other papers and testimony, documents or writings which may be competent evidence in relation to said complaint against such suspected person, whether in support of or in opposition to such complaint, and may receive any competent evidence in relation to any indebtedness by such person to the deceased, and the court may then make such order in relation to the matter stated in such complaint and in relation to such indebtedness as shall be just and proper, but any such proceedings or order shall not prevent the bringing of any proper action by such administrator, heir, legatee, creditor or other person, interested in the estate as is now provided by law.

Testimony how taken; witness may be compelled to sign same; penalty for refusal to appear. SECTION 2. Section 3826 of the Wisconsin statutes of 1898, is hereby amended so as to read as follows: Section 3826. The examination of such suspected person and all witnesses may be by written or oral interrogatories and the testimony so given shall be signed by the party examined. All testimony so given may be taken by a stenographer and transcribed by him into long hand. If such testimony is taken by a stenographer the person giving such testimony may be required by the court to attend before the court to read and sign the same after it is transcribed into long hand, and his attendance for such purpose may be compelled by subpoena and tender or payment of witness fees and mileage in the same manner that witnesses are now compelled to attend county If the person so cited or subpoenaed shall refuse to appear and submit to such examination or to answer such inter

court.

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