Show air cruniTY AGAINST n BINARY conr LAURA tho the attention of bour our business men and other ll 11 needing ioMini oce la Is directed to lo 0 law to fire in sura nort companies oom panie pal parsed iced by the legislature log sla of 0 the swo state of now new york during the or 1874 anil and known as 01 tho the new york surplus Surp lul law this law provides for or the bolter better rity of the holders of policies io in now york state companies companies by allowing said companies to deposit with tho the state treasurer tt at albany new york their i lne funds to bo be known and designated HI as a nir nty land fund and tho the special real irva rand fand when a firo fire company doerres to trail avail itself or of tho above tot act its be board a rd til of directors must adopt such a resolution n their to form tile hie above rands funds and aad after that period they are ra prohibited ironi from paying over seven boton per cent per adnum on the iho capital stock block of uh compa company ap and upon apon the iho soral is fondi the wisdom of this demuro can bo be readily seen been ond and in stood of the ho stockholders or ol ft a company receiving large dividends an and d allowing ald no surplus to bo be created they dimply cimpl y receive seven boten per cent per annum on their investments and tho the balance ot of the bo prof itic is 14 placed one on side bide in the state Treasur treasurers ers hands handl anti and out or of the control of the company to protect protocol tho the policy holders until such auch guaranty surplus fund soa and special reserve fand sare airo aquil if to tho the original amount of the capital ot of the tao company and even then it ill il not noi obligatory liga tory on any such company to ocasia milling adding to its surplus Bill plus fund the continental kite bosn r company ot of tile tho city of new york wail wai tile the first company to avail itself ot of tills this law and dow cow issues its polices willi this altage embodied therein thi policy is ilist issued led and accepted under tho the provisional provi siona and conditions of apte chapter of tho the laws of the state of otnel now york passed april ath 1874 entitled an act to provide security extraordinary confra gr grabiona aliona and for tile ores creation tion of are IV foods too bf firo 6 e under the pro provisions 0 of f this thin act iho he 0 kompany caare cna ro beito but covon per cent per annum annual upon lid its capital and not net ea earned arned funds until on ah earnings are at loaft ell cail cul i in amount ta t tho the capital aud and aro are sot apart for tho the greater protection of policy hold goldira hol dira irs one halt balf ot of these is u iu in addition to tile ho capital thereby mado made available without dolay for the payment of iowa by any throat conflagration while the other half is hold by rho he farrial to the ho or holders not in evolved in such conflagration and is to bo be wed used as a basil lor for the formation of now cap loll 1011 tal should the extent of the lom i cases a bo be such a as to require quire such notion the alio continental insurance lasu rauco company of now york lias hag now deposited with the state treasurer Tro of 0 alboy albany now new york 1000 OW to be heli beld sacred for the krotec ilia of ofia is i s policy hollers and they tivo have still lett f capital and surplus aar sur plas tho the latter amount with their surplus land fund anti and special reserve fund making them one of the companies now in the field their prompt action in availing themselves of tile benefit of this ibis law and their evident desiro to lo protect in every possible war manner itier their policy holders entities them to bo be tho the favorable consider aCon of every ono ODO needing in insurance for further information apply to their duty agent for lors salt ill lake city neon ANDEn sos 93 90 main street |