page 108
ACT No. 44. AN ACT Making appropriations for the ordinary expenses of the government, pensions, the public debt and interest thereon, public schools, public roads, public charities, and State Institutions.
Approved by the Governor: July 8, 1940.
page 461
ACT No. 102. AN ACT To amend ari re-enact Sections 4, 5, 6 and 11, Article 1 (as amended and re-enacted by Act 50 of 1902, Act 172 of 1920, Act 122 of 1926 and Act 112 of 3928) of Act 105 of the Acts of the General Assembly of the State of Louisiana for the year 1898, entitled "An Act in relation to the organization and operation of State insurance companies, and of Insurance companies organized under the laws of other States or countries: To regulate fire insurance by lightning or tempest on land; marine insurance including in land transportation or navigation: Insurance guaranteeing the fidelity of persons in position of trust to act as surety on official bonds. To regulate the insurance loss or damage to property or life caused by the explosion of steam boilers: Accident insurance; breakage of plate glass, local or in transit: Insurance against loss by water to any goods arising from the leakage or breakage of water pipes or sprinklers: Relative to elevators, bicycles and vehicles: To regulate credit insurance or guaranty; Life insurance: To regulate generally fire, river, inland navigation or transportation or marine insurance: how local mutual and stock companies may be formed, the provisions to be included in their charter: Amount of capital stock required; Board of Directors; how organized and duties of the same; officers, how elected, and their duties: capital, how invested; restrictions upon business to be carried on; how dividends are to be declared; how Impairment of capital stock may be remedied; duties of Secretary of State; reduction of capital and regulations providing for the examination of companies by the Secretary of State and penalties for the violation thereof, and the regulation of insurance companies. Relative to companies organized under the laws of other states: to appoint Secretary of State attorney to accept service of process: To deposit with the Secretary of State copy of charter: Deposit required of companies organized under the laws of foreign countries; providing for the filing of annual statements with the Secretary of State: Relative to compliance with the laws of this State: Authorization and penalty for acting as unauthorized agent: prohibiting payment of brokerage, commission or rebate to any but authorized agents; authorizing revocation of certificate for cause; Providing that business must be written by resident agents of this State; Authorizing Secretary of State to investigate all violations of law and penalty for such violations. Reciprocal provisions: Advertisements, how made: Return premium on unconsumed portion of policy after payment of loss. Authorizing Secretary of State to make inquiry as he may deem necessary, and to examine into the financial condition of the companies: the impairment of capital: limit of liability to be assumed on any one risk: penalty for making false oath, and providing that all fines recovered shall be paid to the Charity Hospital: Contracts with unauthorized companies null and void; How reserve required by fire insurance companies shall be computed. Tax collectors to require certificate from Secretary of State for the purpose of fixing the license. Providing for the adoption of New York standard form of fire Insurance policy, Organization and operation of local Insurance Companies: Insurance and re-insurance in unauthorized companies: how regulated and to regulate generally the business of insurance in this State", and to repeal all laws or parts of laws in conflict with the provisions of this Act.
Approved by the Governor: July 10, 1940.
page 1345
ACT No. 350. Senate Bill No. 269. By Messrs. Bailey and Lanier. AN ACT To amend Section 7 of Act 166 of the Regular Session of the Legislature of 1934, as amended both as to title and as to body by Act 72 of 1936 entitled: "An Act relating to the Board of Administrators of the Charity Hospital of Louisiana at New Orleans, declaring and continuing said Board as a body corporate, authorizing the demolition of presently unsuitable buildings and construction of new Hospital and appurtenant buildings, furnishings and equipment therefor, and the reconstruction, repair and/or improvement of any of its existing buildings and/or facilities; authorizing the erection of such temporary and ad interim buildings and/or facilities as may be necessary; authorizing the borrowing of money or funds and the issuance and sale of bonds or other obligations for the construction of buildings and facilities for the purpose hereinbefore and hereinafter specified, to an amount not to exceed Eight Million Dollars ($8,000,000.00) ; authorizing the pledge of revenue and/ or other funds and avails to secure the payment of said bonds or obligations; providing for the continuance of fees, charges, rates, fines, penalties, licenses or other funds presently dedicated, those which may be dedicated, and those funds dedicated to the use of the Hospital by the provisions of Act 10 of the First Extraordinary Session of 1935, and providing for the disposition and application of any unused balance of said dedication; and authorizing an agreement with the Federal Government by the Board of Administrators for a loan and/or grant for the use of the Hospital, for the purposes of this Act.
Note-The foregoing Act having been submitted to his Excellency, Honorable Sam H. Jones, Governor of the State of Louisiana, for his approval or disapproval, and the same not having been acted upon within the time limit prescribed by the Constitution of this State, the same has become a law by limitation. July 21, 1940.
page 1347
ACT No. 351. AN ACT To amend and re-enact Section 7 of Act 4 of 1938, being an Act entitled: "An Act relating to the Board of Administrators of the Charity Hospital of Louisiana at New Orleans; declaring and continuing said Board as a body corporate; providing further financial assistance to said Board in the demolition of presently unsuitable buildings and the construction of a new Hospital and appurtenant buildings, as well as the furnishing and equipment thereof and the reconstruction, repair and/or improvement of any of its existing buildings and/or facilities; authorizing the erection of such temporary and ad interim buildings and/or facilities as may be necessary; authorizing the borrowing of additional money or funds and the issuance and sale of additional bonds or other obligations for the construction of buildings and facilities for the purposes hereinbefore and hereinafter specified, to an amount not to exceed Four Million Five Hundred Thousand Dollars ($4,500,000.00) ; providing that bonds in excess of said sum of Four Million Five Hundred Thousand Dollars ($4,500,000.00) may be issued and sold by said Board under certain conditions, and that such limition of amount of said bonds shall not apply in the event that, in accordance with any act of Congress, any loan may be negotiated by said Board, for the purpose of this act, from the United States of America, or any agency therof, on a plan of repayment of a portion of the principal annually without interest; authorizing the pledge of revenues and/or other funds and avails to secure the payment of said bonds or obligations; providing for the continuance of fees, charges, rates, fines, penalties, licenses or other funds presently dedicated, those which may be dedicated, and those funds dedicated to the use of the Hospital by the provision of Act 10 of the First Extraordinary Session of 1935, and providing for the disposition and application of any unused balance of said dedication; and authorizing an agreement with the Federal Government by the Board of Administrators for a loan and/or grant for the use of the Hospital for the purposes of this Act."
Note-The foregoing Act having been submitted to his Excellency, Honorable Sam H. Jones, Governor of the State of Louisiana, for his approval or disapproval, and the same not having been acted upon within the time limit prescribed by the Constitution of this State, the same has become a law by limitation. July 21, 1940.
