SECTION 6. This act shall take effect and be in force, from and after its passage and publication. Approved April 26, 1899. No. 7, S.] [Published April 29, 1899. CHAPTER 269. AN ACT to provide for the adjustment of claims of the state of Wisconsin against the United States, for swamp-land indemnity, and for other purposes, and making an appropriation therefor. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: Whereas, the state of Wisconsin has unsettled Preamble. claims against the United States and especially under the swamp-land grant, and after the lapse of nearly fifty years since the passage of said grant, it is full time that all unsettled claims, particularly matters growing out of said grant be finally and definitely settled, and, Whereas, a bill (Senate 5171), providing for Preamble. the adjustment of the swamp land grant to the state of Wisconsin, and for other purposes, passed the senate of the United States on the thirteenth day of January, A. D. 1899, is now pending in the House of Representatives, and, Whereas, in and by the terms of said bill the Preamble.. secretary of the interior is directed, at the earliest possible time, to complete the adjustment of said grant to said state of Wisconsin upon the basis of the selection made, recorded and certified in the report and list of August thirteenth, A. D. 1881, (see volumes six and seven of Wiscon Preamble. Preamble. Preamble. sin swamp-land selections in the general land of fice), by a commission, duly appointed and agreed upon by the secretary of the interior and the commissioner of the general land office, on behalf of the United States, and the governor of the state of Wisconsin, on behalf of the State of Wisconsin, and, Whereas, said bill provides, among other things, in substance, that upon the relinquishment by the state of Wisconsin, under appropri ate legislative enactment, of all right, title, claim and interest in and to all lands embraced in said report and list, which have been heretofore disposed of by the United States, otherwise than according to the provisions of the swamp-land grant, the state of Wisconsin shall be entitled to select, according to the legal sub-divisions of government survey, from the unappropriated public lands within said state, to which no claim lawfully arising under the public land laws is asserted in any proceeding pending before the interior department at the time of such selection, a like quantity of land, which shall be patented to the state of Wisconsin in lieu of the lands so otherwise disposed of, and, Whereas, said bill also provides, that the state of Wisconsin shall be entitled to receive indemnity and patents for all "swamp-lands" located within any existing Indian reservation in said state, shown to be swamp and overflowed, either by said report and list or by the plats and field notes of government survey approved thereafter, and also in lieu of any "school-lands" within such Indian reservation, and, Whereas, said bill further provides, that the act of congress shall be of no force or effect unless the state of Wisconsin, not later than the next regular session of its legislature, after the passage of said act, shall, by legislative enactment accept the provisions thereof, and make, or autho rize the making of the relinquishments required in said act. SECTION 1. The governor of the state of Wis thorized to ac cept provision congress. of any act of consin is hereby authorized and empowered to Governor auaccept the provisions of any act or acts of congress hereafter enacted providing for the adjust ment of any claim of the state of Wisconsin, and particularly any claim growing out of the swampland grant to said state, and his written acceptance, which is hereby authorized, of the provisions of any such act or acts, when filed with the secretary of the interior, shall have the same force and effect as an act of the legislature expressly accepting the specific provisions of any such act or acts. SECTION 2. The governor of the state of Wisconsin is fully authorized and empowered to relinquish all right, title, claim and interest of the state of Wisconsin to any and all lands embraced in the report and list, certified by the commission August thirteenth, A. D. 1881, which have been heretofore disposed of otherwise than according to the provisions of the swamp-land act, and in and to the lands embraced in any existing Indian reservation in the state of Wisconsin which are shown to be swamp and overflowed either by said report and list, or by the field notes of government survey, approved after August thirteenth, A. D. 1881, and to select, in lieu of such lands so relinquished, an equal quantity of lands by way of indemnity, providing, that the state of Wisconsin shall have been authorized by an act of congress to select from, and receive patents for a like quantity of land from the unappropriated public lands within said state, to which no claim lawfully arising under the public land laws is asserted in any proceeding pending before the interior department at the time of such selection. The provisions of this act shall apply to any "school-lands" in said reservations. SECTION 3. The governor of the state of Wisconsin is hereby authorized and empowered to do or procure to be done whatsoever he may deem necessary in order to facilitate the speedy adjustment of all claims which the state of Wisconsin may have against the United States. Governor au thorized to re linquish title to state lands. Governor au thorized to effect speedy settlement. Appropriating SECTION 4. There is hereby appropriated out of the general fund a sum of money sufficient to carry out the provisions of this act, and said fund shall be reimbursed from the sale of any lands acquired through the provisions of this act. SECTION 5. All acts or parts of acts in any manner conflicting with any of the provisions of this act are hereby repealed. SECTION 6. This act shall take effect and be in force from and after its passage and publication. Approved April 26, 1899. No. 124, S.] [Published April 29, 1899. CHAPTER 270. AN ACT to provide for the incorporation of life insurance companies, or associations, and the transaction of life insurance upon the stipulated premium plan. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. Incorporation.-Nine or more persons, residents of the state of Wisconsin, may form a corporation for the purpose of making insurance upon the lives or health of individuals, and every insurance appertaining thereto, or connected therewith, on the stipulated premium plan as defined and regulated in this act, by complying with section 1897 of the Wisconsin statutes for the year 1898, and any such corporation. company or association may incorporate with a capital stock of not less than fifty thousand dol lars, or upon the mutual plan, as shall be provided in the articles of incorporation. commissioner company has law. SECTION 2. Completion of Organization, De- Insurance posit and Fees.-No such corporation, company to certify that or association shall commence the business of complied with life insurance, until, if a stock company or association, the capital stock shall have been actually subscribed and paid up in cash, or if a mutual company or association, at least two hundred persons eligible under the proposed plan of the organization shall have been subscribed in writing to be insured therein in the aggregate amount of at least five hundred thousand dollars, shall have been examined and recommended by a reputable physician, and shall have each paid or become obligated to pay the amount of one annual stipulated net premium for their age at entry on the amount of insurance severally subscribed for, and which shall be held in trust for the benefit of the members of such corporation or their beneficiaries; nor until the commissioner of insurance shall have certified that such corporation, company or association has complied with the provisions of this act and is authorized to transact the business of life insurance. Provided, however, that Deposits with every such corporation, company or association required. incorporating or re-incorporating under the provisions of this act shall deposit with the state treasurer to be held in trust for the benefit and protection of and as security for such policy holders of such corporation, company or association their legal representatives and beneficiaries in such securities as are required by law to be deposited by insurance companies at least the sum of twenty-five thousand dollars within one year after date of such incorporation or re-incorporation, and five thousand dollars annually thereafter until the sum of one hundred thousand dollars is deposited and the state treasurer shall give receipts for the same; and every such corporation, company or association depositing such securities may receive the income thereof and exchange the same from time to time and state treasure |