Amendment. Appropriation. Proviso. CHAPTER X. An Act to amend "An Act to appropriate money for the support of aged persons in indigent circumstances residing in the Home of the Veterans' Home Association," approved March 7, 1883. [Approved February 28, 1887.] The People of the State of California, represented in Senate and SECTION 1. Section one of "An Act to appropriate money for the support of aged persons in indigent circumstances residing in the Home of the Veterans' Home Association," approved March seventh, eighteen hundred and eighty-three, is amended so as to read as follows: Section 1. There is hereby appropriated out of any money in the State Treasury not otherwise appropriated, for the support and maintenance of veterans of the late Mexican and civil wars, in indigent circumstances, residing in the Veterans' Home, under the auspices of the Veterans' Home Association, a corporation duly created and existing under the laws of this State, the sum of one hundred and fifty dollars per annum for each veteran duly admitted to and residing in such Home; provided, that in no one year shall a sum exceeding thirty thousand dollars be paid by virtue of such appropriation. SEC. 2. This Act shall be in force from and after its passage. Appropriation. CHAPTER XI. An Act making an appropriation for the deficiency in the appropriation for the support of the State Printing Office, for the fiscal year ending June thirtieth, eighteen hundred and eighty seven. [Approved February 28, 1887.] The People of the State of California, represented in Senate and SECTION 1. The sum of twenty-five thousand dollars ($25,000) is hereby appropriated out of any money in the State Treasury not otherwise appropriated, for the payment of the deficiency in the appropriation for the support of the State Printing Office, for the fiscal year ending June thirtieth, eighteen hundred and eighty-seven. SEC. 2. This Act shall take effect immediately. CHAPTER XII. An Act to appropriate the sum of ten thousand dollars for the construction of an additional cottage at the Veterans' Home, under the auspices of the Veterans' Home Association, and for the completion of the principal building already in use, and to improve the water supply of said Home. [Approved February 28, 1887.] The People of the State of California, represented in Senate and SECTION 1. There is hereby appropriated out of any Appropriamoney in the State Treasury not otherwise appropriated, the tion. sum of ten thousand dollars, for the construction of an additional cottage at the Home of the Veterans' Home Association, for the completion of the principal building already in Water use there, and to improve the water supply of said Home. SEC. 2. This Act shall take effect immediately. supply. CHAPTER XIII. An Act to amend sections six hundred and one, six hundred and seven, six hundred and ten, six hundred and eleven, six hundred and twelve, six hundred and seventeen, six hundred and twenty-nine, and six hundred and thirty of the Political Code of this State, all of said sections relating to insurance. [Approved March 4, 1887.] The People of the State of California, represented in Senate and SECTION 1. Section six hundred and one of the Political sioner and General. 601. In case any person, upon the requisition of the Duties of Commissioner, fails to make up the deficiency of the cap- Commisital in accordance with the requirements of this chapter, Attorneyor to comply in all respects with the laws of this State, the Commissioner must communicate the fact to the AttorneyGeneral, who must, within twenty days after receiving such communication, commence an action in the name of the people of this State, in the Superior Court of the county where the person in question is located or has his principal office, against such person, and apply for an order requiring cause to be shown why the business should not be closed; and the Court must thereupon hear the allegations and proofs of the respective parties as in other cases. If it appears to the satisfaction of the Court that such person is insolvent, or that the interests of the public so require, the Court must decree a dissolution of such corporation, and a Commis sioners. winding up of its affairs and a distribution of the effects of such person; but otherwise, the Court must enter a decree annulling the act of the Commissioner in the premises, and Liabilities of authorizing such person to resume business. But the Commissioner must not be held liable for damages, if he has acted in good faith. In the event of any additional losses occurring upon new risks taken after the expiration of the period limited by the Commissioner in the requisition, and Liabilities of before deficiency has been filled up, the Directors of any company, corporation, or association, are individually liable to the extent thereof. Directors. File with Commissioner. Articles of Incorporation. Location of principal office. SEC. 2. Section six hundred and seven of the Political Code is amended to read as follows: 607. The Commissioner must cause every corporation or person, before engaging in the business of insurance, to file in his office as follows: 1. If incorporated under the laws of this State, a copy of the articles of incorporation or statement of any increase or diminution of the capital stock, certified by the Secretary of State to be a copy of that which is filed in his office. 2. If incorporated under the laws of any other State or country, a copy of the articles of incorporation, if organized or formed under any law requiring articles to be filed, duly certified by the officer having the custody of such articles; or if not so organized, a copy of the law, charter, or deed of settlement under which the deed of organization is made, duly certified by the proper custodian thereof, or proved by affidavit to be a copy; also, a certificate under the hand and seal of the proper officer of such State or county having supervision of insurance business therein, that such corporation or company is organized under the laws of such State or country, with the amount of capital stock or assets required by this chapter. 3. If not incorporated, a certificate setting forth the nature and character of the business, the location of the principal office, the names of the persons and of those composing the association, the amount of actual capital employed or to be employed therein, and the names of all officers and persons by whom the business is or may be managed. The certificate must be verified by the affidavit of the chief officer, Secretary, agent, or manager of the association; and if there are any written articles of agreement or association, a copy thereof must accompany such certificates; provided, however, when the number of persons composing such association shall exceed ten, such certificate need not state the names of any greater number of persons than ten, who shall be of the largest shareholders; and if such association of persons be formed out of the United States, the said certificate need not contain the names of any officers or managers other than those resident within the United States, nor any statement of capital not employed within the United States, and the affidavit may be made by the chief executive officer or manager in the United States. SEC. 3. Section six hundred and ten of the Political Code is amended to read as follows: Commis 610. The Commissioner must require from every corpo- Duties of ration or person doing the business of insurance in this State, sioner. statements verified as follows: 1. If it be made by a corporation organized under the laws of this State, by the oaths of the President and Secretary, or the Vice-President and Secretary thereof. 2. If it be made by an individual or firm, by the oath of such individual or a member of the firm. 3. If made by a foreign insurance company or person, by the oath of the principal executive officer thereof, or manager residing within the United States. SEC. 4. Section six hundred and eleven of the Political Code is amended to read as follows: business 611. All corporations or persons doing the business of Statement of insurance in this State must make and file with the Insur- done in State. ance Commissioner, on or before the fifteenth day of January of each year, a statement, verified by the oath of the principal executive officer or manager residing in this State, showing the business done in this State during the year ending the thirty-first day of December then next preceding. They shall also make and file with said Commissioner, at the times hereinafter mentioned, further statements, which must exhibit the condition and affairs of every such corporation, person, firm, or association, on the thirty-first day of December then next preceding, which statements, as adjusted by the Commissioner upon a proper examination of the same, must be published by such corporation, person, firm, or association, daily, for the period of one week, in some newspaper published in the city Publication where the principal office in this State is located. Such state- in daily ment, if made by a person, or corporation organized under the laws of this State, must be filed with the Commissioner on or before the first day of February of each year. If made by a person or persons residing in, or corporation organized under the laws of any other of the States or Territories of the United States, it must be filed on or before the tenth day of March of each year. And if made by a person, or corporation organized under the laws of any country foreign to the United States, it must be filed on or before the first day of May of each year. SEC. 5. Section six hundred and twelve of the Political Code is amended to read as follows: papers. 612. Such statement, if made by fire, marine, and inland capital insurance companies, or by companies organized under sec- stock, etc. tion four hundred and twenty of the Civil Code, must show: First-The amount of the capital stock of the company. Second-The property or assets held by the company, specifying: 1. The value of real estate held by said company. 2. The amount of cash on hand and deposited in banks to the credit of the company, specifying the same. 3. The amount of cash in the hands of agents, and in course of transmission. 4. The amount of loans secured by bonds and mortgages, constituting the first lien on real estate, on which there is less than one year's interest due or owing. 5. The amount of loans on which interest has not been paid within one year previous to such statement. 6. The amount due the company on which judgments have been obtained. 7. The amount of stocks of this State, of the United States, or any incorporated city of this State, and of any other stocks owned by the company, specifying the amount, number of shares, and par and market value of each kind of stocks. 8. The amount of stocks held as collateral security for loans, with the amount loaned on each kind of stock, its par value and market value. 9. The amount of interest due and unpaid. 10. The amount of all other loans made by the company, specifying the same. 11. The amount of premium notes on hand on which policies are issued. 12. All other property belonging to the company, specifying the same. Third-The liabilities of such company, specifying: 1. The amount of losses due and unpaid. 2. The amount of claims for losses resisted by the company. 3. The amount of losses in process of adjustment or in suspense, including all reported or supposed losses. 4. The amount of dividends declared, due and remaining unpaid. 5. The amount of dividends declared, but not due. 6. The amount of money borrowed and security given for the payment thereof. 7. Gross premium (without any deductions) received and receivable upon all unexpired fire risks running one year or less from date of policy, reinsurance thereon at fifty per cent. 8. Gross premiums (without any deductions) received and receivable upon all unexpired fire risks running more than one year from the date of policy, reinsurance thereon pro rata. 9. Gross premiums (without any deductions) received and receivable upon all unexpired marine and inland navigation risks, except time risks, reinsurance thereon at one hundred per cent. 10. Gross premiums (without any deductions) received and receivable on marine time risks, reinsurance thereon at fifty per cent. 11. Amount reclaimable by the insured on perpetual fire insurance policies, being ninety-five per cent of the premiums or deposit received. 12. Reinsurance fund and all other liabilities, except capital, under the life insurance or any other special department. 13. Unused balances of bills and notes taken in advance for premiums on open marine and inland policies, or otherwise, returnable on settlement. 14. Principal unpaid on scrip or certificates of profits, which have been authorized or ordered to be redeemed. 15. Amount of all other liabilities of the company, specifying the same. Fourth-The income of the company during the preceding year, specifying: |