Expenses shall not per cent, of receipts. legislative documents; and for the purpose of carrying out the provisions of this act, the said secretary shall be authorexceed ten ized to expend from the sum annually received from taxes on insurance companies of other states an amount not exceeding ten per centum thereof; the penalty for violation violation of of this act, except where otherwise provided, shall be the act. same, to be collected in the same manner, as provided in the act to which this is a supplement. Penalty for Penalty for effecting insurance in companies which have not complied with the may be is other than in 6. And be it enacted, That any person or firm who shall any manner act for or on behalf of another in the placing or procuring of any insurance in any company of another state or nation that has not complied with the laws of this state, shall be liable to the same penalties to be recovered law. in like manner as prescribed in section nine of the act to Certificates which this is a supplement; certificates of authority may of authority be issued to persons to place or cause to be procured insusued to rance in companies which have complied with the laws of agents for this state, although such person may not be the commissioned agent of such company, and that the amount to be nies which paid for filing the statements required by this act, and the plied with act to which this is supplementary, and for certificates to agents of foreign companies shall be and remain as fixed by filing state- the act to which this is supplementary, and the act entitled issuing cer- "An act to regulate the business of fire insurance by comsame as by panies or associations not incorporated by this state," apthe laws of proved March nineteenth, one thousand eight hundred and insurance in compa have com the law. Fees for ments and tificates 1960 and 1867. No company of this cate and tary state. No single fire risk sixty. 7. And be it enacted, That no insurance company hereafter state shall organized in this state shall issue policies until upon examissue plination by the secretary of state it shall have been found to out certit- have complied with the laws thereof; nor until the said authority secretary shall have issued his certificate setting forth such from secre-fact and authorizing the company to commence business, and that no insurance company organized under the laws of this state, or transacting business in this state, shall exitself to loss on any one risk or hazard by fire, to an amount exceeding ten per centum of its paid up capital, or, paid up in the case of mutual companies, of their net assets; provided, capital, or that no joint stock capital insurance company shall heresets of mu- after be organized in this state, or do any business of inpanies. surance, until it shall have a fully paid up capital of at No stock least one hundred thousand dollars, and that no such com shall ex ceed 10 per pose cent. of a company's as tual com company pany shall make any loan or investment on the security of shall do its own capital stock. business until it has a paid up and shall make no loan on stock. security shall be subject to e 8. And be it enacted, That the deposits of securities now capital of required, or which may hereafter be required to be made $100,000, by any insurance company of this state in the state treasury shall be approved by the secretary of state, and he shall curity of have authority to examine the same at all times, and may or its capital der the same or any part thereof changed at his pleasure, Deposits of and no change or transfer of the same shall be made without his assent. 9. And be it enacted, That this act and the act to which and control it is supplementary shall be held and construed to extend of state. to and include any and every company transacting the iness of insurance of whatever kind in this state, and all acts or parts of acts inconsistent or conflicting this act, be and the same are hereby repealed, and that act shall take effect immediately. Approved March 19, 1874. approval of secretary ply to all bus- Act to that companies with doing busithis surance of ness of in any kind. CHAPTER CCCI. An Act to fix the salaries of the officers of the Senate and General Assembly of the State of New Jersey for the session of one thousand eight hundred and seventy-four. ficers of same as 1. Be it enacted by the Senate and General Assembly of the Pay of of State of New Jersey, That the officers of the two Houses of Legislature the Legislature of New Jersey, for the session of one thous- to be the and eight hundred and seventy-four, whether elected or ap- previous pointed, shall receive the same amount of compensation or year. pay as was granted to or received by those of a similar grade for services rendered during the session of the Legislature for the year one thousand eight hundred and seventy-three. 2. And be it enacted, That this act shall take effect immediately. Approved March 19, 1874. Appropriation for support schools. Appropriation for and fur CHAPTER CCCII. An act for the support of the State Reform School for Boys. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the sum of twenty thousand dollars is hereby appropriated for the maintenance and support of the Reform School for boys. 2. And be it enacted, That for the completion and furnishcompletion ing of the buildings now in process of completion, and for nishing of the necessary improvement of the farm buildings, the furbuilding. ther sum of five thousand dollars is hereby appropriated. 3. And be it enacted, That the treasurer of the state is hereby directed to pay to the trustees of the school, the aforesaid sums on the warrant of the comptroller. Approved March 19, 1874. Treasurer directed to py the sums appropriated. Committees of either House of the Legis have power and em CHAPTER CCCIII. An act concerning fees. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That any joint committee of the legis lature, any standing committee of either house, or any spelature, to cial committee which shall have been, by resolution, directed to summon to enter upon any investigation or inquiry, the pursuit of witnesses which shall necessitate sending for persons and papers and ploy secre- the examination of witnesses, shall have power to summon before them such persons as they may deem necessary and proper to testify in the matter under investigation, and shall also be authorized to employ such legal and clerical assistance as they may deem necessary, and the persons so testifying shall be entitled to receive the like witness fees and mileage as are now allowed to persons summoned to testify taries and counsel. Witness fees. tify bills, in the courts of this state; and the treasurer of this state is Chairman hereby authorized and directed, to pay upon the warrant of of committhe comptroller, such fees and compensations for the above- tees to cernamed purposes as shall be certified to have been correct and State and necessary by the chairman of the committee under shall pay whose authority and by whose order such expenses shall have been incurred, and approved by the governor. 2. And be it enacted, That this act shall take effect immediately. Approved March 19, 1874. Treasurer them. CHAPTER CCCVIII. An act to promote the agricultural interests of the State of WHEREAS, The agricultural and horticultural interests of Preamble. this state need and deserve more public recognition and support, and hence are entitled to such material aid as will tend to stimulate and encourage the same; and whereas, in consideration of the importance of such aid it is expedient to legislate by judicious care to foster this branch of our domestic economy by a system of proffered rewards that will incite a true spirit of generous and profitable rivalry among the tillers and producers of the soil; therefore, State Pre mittee of 1. BE IT ENACTED by the Senate and General Assembly of the AppointState of New Jersey, That the State Board of Agriculture ment of shall annually appoint from its board three persons, and the mium Com directors of the New Jersey State Agricultural Society shall State Agrialso in like manner appoint three persons from its board, cultural who, together with the governor of this state, shall constitute a committee to be designated and known as the "State Premium Committee." Society. to make up 2. And be it enacted, That it shall be the duty of the said Committee state premium committee, upon its appointment annually, list of preto meet and organize, and thereupon proceed to make up and arrange a list of premiums, which shall, in the discre miums. Committee to appoint award pre judges to miums. Three thousand dol lars appropriated for payment of tion of the said committee, be most conducive to the development of the best agricultural and horticultural interests of the state; such premiums to be awarded to exhibitors at the next ensuing annual fair of the New Jersey State Agricultural Society, and designated special state pre miums. 3. And be it enacted, That the said committee shall appoint competent judges from different parts of the state, whose duty it shall be to carefully examine the articles or products exhibited under the provisions of this act, and to adjudge and award the premiums specified in the aforesaid list upon the merits thereof, according to the classes or departments in said list prescribed; and in such action to be guided by the general rules and regulations of the said New Jersey State Agricultural Society; and upon the conclusion of such award, said judges shall make and submit a full and complete written report of all of their said doings to said state premium committee. 4. And be it enacted, That it shall be the duty of the said committee upon the receipt of the report of the said judges as aforesaid, to make up and submit the amount of the premiums. awards so reported to the comptroller of the state, who shall thereupon draw his warrant therefor upon the state treasurer, and said state treasurer shall pay the same out of any moneys in the treasury not otherwise appropriated to the said committee, upon such warrant; provided, that the said amount shall not in any one year exceed the sum of three thousand dollars. Expenses act into effect to be 5. And be it enacted, That all costs of advertising, and all of carrying expenses incurred in carrying into effect the provisions of this act, shall be paid by the New Jersey State Agricultural the Society. Society, excepting only the amounts of the award for premium herein provided. Appropria tion not to 6. And be it enacted, That the appropriation for the purpose of carrying out the provisions of this act, shall not exceed the aforesaid sum as designated in section four herein; and this act shall take effect immediately. Approved March 20, 1874. |