Section amended. Meeting of board, when held. Claims audited. etc. Paid by treasurer. [No. 149.] AN ACT to amend section seventy-two of an act, entitled "Of the powers and duties of townships, and election and duties of township officers," the same being section two thousand three hundred forty-five of the Compiled Laws of eighteen hundred ninety-seven. The People of the State of Michigan enact: SECTION 1. Section seventy-two of an act, entitled "Of the powers and duties of townships, and election and duties of township officers," being section two thousand three hundred forty-five of the Compiled Laws of eighteen hundred ninetyseven, is amended so as to read as follows: SEC. 72. The township board shall meet annually on the second Tuesday next preceding the annual township meeting to be held in such township, for the purpose of auditing and settling all claims against the township; and they shall state on each account the amount allowed by them; and the amounts allowed by them shall be paid by the treasurer, on the order of the board, signed by their clerk, and countersigned by the chairman of the board. Approved June 1, 1905. Section amended. Salary in 11th circuit. [No. 150.] AN ACT to amend section twenty-four of act number one hundred eighty-three of the public acts of eighteen hundred ninety-seven, entitled "An act to provide for the appointment and to fix the term of office, duties and compensation of circuit court stenographers in the State of Michigan," approved May twenty-nine, eighteen hundred ninety-seven. The People of the State of Michigan enact: SECTION 1. Section twenty-four of act number one hundred eighty-three of the public acts of eighteen hundred ninetyseven, entitled "An act to provide for the appointment and to fix the term of office, duties and compensation of circuit court stenographers in the State of Michigan," approved May twenty-nine, eighteen hundred ninety-seven, is hereby amended to read as follows: SEC. 24. In the eleventh circuit the stenographer shall be [No. 151.] AN ACT to provide for the lawful taking of white fish in the waters of Torch lake in the counties of Antrim and Kalkaska, Michigan, by means of a spear. The People of the State of Michigan enact: spear. SECTION 1. It shall be lawful for any person, between the When lawful first and thirtieth days of November of each year, to take to take with white fish in the waters of Torch lake, in the counties of Antrim and Kalkaska, Michigan, by means of a spear. This act is ordered to take immediate effect. Approved June 1, 1905. [No. 152.] AN ACT making appropriations for building and special purposes for the State House of Correction and Branch Prison, Upper Peninsula, for the fiscal year ending June thirty, nineteen hundred six, and to provide a tax therefor. The People of the State of Michigan enact: SECTION 1. There is hereby appropriated for the fiscal year Amount of ending June thirty, nineteen hundred six, for the State House appropriation. of Correction and Branch Prison, Upper Peninsula, the sum of fourteen thousand eight hundred eleven dollars, for purposes and amounts as follows: Nine thousand dollars for Purposes. installing new boilers, vacuum heating apparatus, etc., fifteen hundred dollars for general repairs, five hundred thirty-five dollars for hose, two hundred fifty dollars for piano, one hundred fifty-six dollars for fire extinguishers, one thousand dollars for farm, garden, stock and grounds, sixty-five dollars for rewiring chapel, two hundred five dollars for rewiring cells, six hundred dollars for convict kitchen, and one thousand five hundred dollars for water supply: Provided, That if the Proviso as to amount designated in this section for any one of the purposes funds. stated be insufficient to complete the work or purchase, any surplus remaining after the completion of the other work or purchase specified in this section may, by obtaining the consent of the State Board of Corrections and Charities and Auditor General in writing before any expense in excess of the specified appropriation is incurred, be used in the amount or accounts where such deficiency seems unavoidable, the intent of this proviso being to make the entire fourteen thou transfer of sand eight hundred eleven dollars available for the purposes stated herein if in the judgment of the State Board of Corrections and Charities and Auditor General it is deemed advisable to make the transfers for which provision is hereby Further proviso. made: Provided further, That the board of control may obtain money under this section before July one, nineteen hundred five, in such amounts as they may by requisition certify to the Auditor General are necessary for immediate use, which amounts thus advanced shall be deducted from the total amount appropriated when the appropriation becomes available. How paid. Amount to be incorporated in state tax. SEC. 2. The several sums appropriated by the provisions of this act shall be paid out of the State treasury to the warden of the State House of Correction and Branch Prison, Upper Peninsula, at such times and in such amounts as the general accounting laws of the State prescribe and the disbursing officer shall render his accounts to the Auditor General thereunder. SEC. 3. The Auditor General shall incorporate in the State tax for the year nineteen hundred five, the sum of fourteen thousand eight hundred eleven dollars, which when collected shall be credited to the general fund to reimburse the same for the money hereby appropriated. This act is ordered to take immediate effect. Section amended. Policy to specify [No. 153.] AN ACT to amend section fifteen of act two hundred sixtynine of the public acts of eighteen hundred eighty-nine, entitled "An act to provide for the incorporation of co-operative associations having for their object the insurance of the lives of horses, cattle and other farm stock," the same being section seven thousand three hundred eighty-nine of the Compiled Laws of eighteen hundred ninety-seven. The People of the State of Michigan enact: SECTION 1. Section fifteen of act two hundred sixty-nine of the public acts of eighteen hundred eighty-nine, entitled "An act to provide for the incorporation of co-operative associations having for their object the insurance of the lives of horses, cattle and other farm stock," the same being section seven thousand three hundred eighty-nine of the Compiled Laws of eighteen hundred ninety-seven, is amended so as to read as follows: SEC. 15. Every policy or certificate, hereafter issued by any corporation organized in this State and doing business Insurance may under this act, and promising a payment to be made upon a contingent of death, shall specify the sum of money it promises to pay upon the contingency insured against, and the number of days after the satisfactory proof of the happening of such contingency at which such payment shall be made; and upon the occurrence of such contingency, unless the contract shall have voided by fraud or by breach of its conditions, the corporation shall be obligated to the beneficiary for such payment at the time and to the amount specified in the policy or certificate; and this indebtedness shall have priority over all indebtedness thereafter incurred, except as hereinafter provided in case of the distribution of assets of an insolvent corporation. The Commissioner of Insurance may investigate Commissioner of the condition of such corporation, and shall have full power investigate, etc. in person, by deputy or by department examiners, commissioned by him, to examine the books, papers and accounts, and to examine under oath its officers, agents, clerks and certificate holders, or other persons having knowledge of its business, and if it shall appear to him that its liabilities exceed its cash resources, and that it cannot within a reasonable time, not more than three months from the date of the original default, pay such liabilities in full, he shall report Report to the same to the Attorney General, who shall, upon such re- Att'y General. port, institute proceedings as provided in section twenty-two of this act: Provided, In computing the liabilities of such Proviso. corporation the Commissioner of Insurance shall compute the reserve fund to be held by such corporation by taking fifty per cent of the cash premiums received upon all risks not expired at the time of making such computation. Approved June 1, 1905. [No. 154.] AN ACT to confer upon fire and marine insurance companies authority to insure property against loss or damage by lightning, wind and water. The People of the State of Michigan cnact: companies to SECTION 1. All insurance companies heretofore organized, Authorizing or that may be hereafter organized, under the provisions of insure against chapter one hundred ninety-four of the Compiled Laws of lightning, etc. eighteen hundred ninety-seven, are hereby authorized and empowered to issue policies of insurance upon any and every kind of property, against loss or damage by lightning, wind and water, or either of the same. Contracts to be in separate policies. Proviso. SEC. 2. Contracts of insurance against loss or damage by wind or water shall not be incorporated in any contract of insurance against loss or damage by fire, but shall be contained in separate and distinct policies: Provided, That nothing contained in this act shall be construed as in any way limiting or changing the liability under the ordinary fire policy for damage resulting from water in case of fire. Approved June 1, 1905. Section amended. How may invest funds. [No. 155.] AN ACT to amend section eight of act number one hundred thirty-six of the public acts of eighteen hundred sixty-nine, being an act, entitled "An act relative to the organization and powers of fire and marine insurance companies transacting business in this State," approved April three, eighteen hundred sixty-nine, the same being section seven thousand two hundred thirty-one of the Compiled Laws of eighteen hundred ninety-seven, as amended by act seventythree of the public acts of eighteen hundred ninety-nine. The People of the State of Michigan enact: SECTION 1. Section eight of act number one hundred thirtysix of the public acts of eighteen hundred sixty-nine, being an act entitled "An act relative to the organization and powers of fire and marine insurance companies transacting business within this State," approved April three, eighteen hundred sixty-nine, the same being section seven thousand two hundred thirty-one of the Compiled Laws of eighteen hundred ninety-seven, as amended by act seventy-three of the public acts of eighteen hundred ninety-nine, is hereby amended so as to read as follows: SEC. 8. It shall be lawful for any fire insurance company organized under this act, or incorporated under any law of this State, to invest its capital and the funds accumulated in the course of its business, or any part thereof, in bonds and mortgages on unincumbered improved real estate within the State of Michigan, worth double the sum loaned thereon, exclusive of buildings, unless such buildings be insured, and the policies endorsed with the loss clause "payable to the mortgagee, as the mortgage interest may appear;" and also in the bonds of this State, or bonds or treasury notes of the United States; and also in the bonds of any county, municipality or school district in this State authorized to be issued by law; or in the public debt or bonds of any state or city, county, township, village or school district of any state in the United States, which shall have been authorized by the |