Laws of the State of Illinois 1852

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Tliey sliall elect j'repident. oue of their own number to act as ])resident, and may hold their meetings inonthlj', and oftener if necessary, for trans- acting the l)usiness of the company, and shall keep a record of their proceedings and any director disagreeing ■with a majority of the board at any meeting, may enter liis dissent, with his I'easoiis therefor, on record.
jjj^j,^ § 5. The directors may extend the insurance of said company to any part of this state, on any of the real and persona
...! ]>roperty within the same, with the exceptions and provisions hereinafter enacted, not exceeding the sum of five thousand dollars in any one risk, at such rate or rates as said directors may, in view of the equity of the case and the interest of the company, determine. Insurances sliall be made in all cases, upon the representation of tiie assured contained in his application therefor, and signed by him or his attorney ; which representation sitall, in fairness and good faith, state all the material circumstances within liis Proviso.

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