HomeMy WebLinkAboutORDINANCE - 127 - 2/22/1960 - FOREIGN FIRE INSUR. COS.BE IT
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SECTION 1. it ssiall be unlawful. Tear any
or association, 43ot lncoYpCJ;P,ItC?d under ur}.hc, laws of the State o,,,j,
Illinois, to engage in 'tha Village, in Meeting fire insurance,
or V0 i:i'ei"Maoi a"! 6waiiiWOO vi 11.1'w ilxOuva"Ow !a tisW Villa6w,
while in default by not fully complying with any of the require-
mente of this Ordinance, and until such requirements shall have
been fully complied with; but this provision skull not relieve
any company, corporation or ass€ oiation from the payment of srny
risk that may be undertaken in violation of this Ordinance.
SECTION 2. Any such corporation, company or associatton
not incorporated under the laws of the State of Illinois, which is
engaged in the Village in effecting fire insurance, shall pay the
Village Treasurer, for the maintenance, use: and benefit of the
Fire Department of the Village, a sum of money equal in amount to
two (2) per cent per annum of the gross receipts received as
premiums upon fire insurance policies by any and all agents of
such corporation, company, or association, during the year enc@lnE
on the first day of Auly in Fach year, for any insurance effect9&
or agreed to be affected can property located in the Village, by
or with such corporation, camps=any or asafs:a+;iation during such year,
SEPTION 3. We, -` xmvro r :".,s.jr y A" i;?1a? U111mge Ps r :Pr.^.:..
for or on behalf of any such corporation, company or association,
shall, on or before the fifteenth day of July of each and every
year, render the Village Clerk a full, true and dust account verified
by his oath, of all premiums upon fire insurance policies which,
iS LALL%j_ !{ 1 dig. w.'r kJ i"i 3."�: . .L ,d -�u .,.;o: .. . ..' -• u ' . .. .. .: ...
In his behalf of any such 6,orpnration ,,cm>any or a.saoclEtion on,
property located in the Village. Such agent shall also at the time
of rendering the aforesaid report, pay to the Village Treasurer the
sum of money for which company, corporation or association, repre-
sented by him is chargeable, by virtue of the provisions of this
article.
SECTION 4. The sum of money for which such company,
corporation or association is so chargeable may be recovered of
it, or its agents or agent, by an action in the name of and for tbe.
use of the Village as for money had and received. Nothing in this
section shall be held to exempt any person, corporation, company or
association from indictment and conviction under the provisions of
an act entitled "An Act to enable cities, towns and villages,
organized under any general or special law, to levy and collect a
tax or license fee from foreign insurance companies for the bene-
fit of organized fire departments", in force July 1, 1$95.
SECTION 5. No insurance agent in the Village shall have
any insurance business or dealings with any company, corporation
or association not incorporated under the laws of this State,
which shall be in default for not reporting or making payments as
hereinbefore provided, until it shall have complied with all the
requirements of this ordinance.
SECTION 6. Any person, firm or corporation violating
any of the provisions of this article shall be fined not less than
twenty-five dollars nor more than two hundred dollars for each
offense.
SECTION 7. That all ordinances, and parts of ordinances,
conflicting with the provisions and terms of this said ordinance
are hereby repealed.
JEC1'.,i M S. fi dA .3 Brall be in r'¢Aa.,3. ftiivt ?„.
effect fP""o€i% and My- iN gar,.. .5 '' .;';. , .,,. and ..4E9g". p'.oP7t C'
t A REAS : this f%',--v)6o.
ApP'iU{AE thin �j,% "Ivy cfA. D. 1960.