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The Pamphlet Collection of Sir Robert Stout: Volume 25

Article XI. Assessments

page 14

Article XI. Assessments.

The Board of Directors shall have power to assess the members of the organization, on the basis of net City Fire Premium Receipts, i. e., Gross City Fire Premium Receipts, less City Fire Return Premiums and City Re-insurances; but no assessment exceeding one per cent, shall be made without special authority of the organization, granted at a regular meeting or at a special meeting called for the purpose.

We, the undersigned, members of the "Underwriters' Fire Patrol of San Francisco," a Corporation formed and existing under the laws of the State of California, do hereby sign respectively our written assent to the adoption of the foregoing Eleven Articles, as the Code of By-Laws for the government of the said "Underwriters' Fire Patrol of San Francisco," on this the twenty-ninth day of November, A. D. one thousand eight hundred and seventy-five, (November 29, A. D. 1875,) at the City and County of San Francisco, State of California.

We, the undersigned, the President and Secretary of the "Underwriter's Fire Patrol of San Francisco," hereby certify that the foregoing is a correct copy of the Code of By-Laws of the said "Underwriters' Fire Patrol of San Francisco."

E. D. Farnsworth, President.

Chas. A. Laton, Secretary.