Bitters v. Central Mutual Hail & Cyclone Insurance

Certain by-laws of the appellant company are incorporated in the policy of insurance and form a part of *574the contract. Secs. 1, 2, 3, and 4'of art. XI of the by-laws provide:

“Section 1. On the first day of October of each year, excepting when Sunday falls on that day, or as soon thereafter as practicable, the board of directors shall meet and review all adjustments, and determine the rate of assessment necessary to pay losses and expenses, and levy the annual assessment. After said meeting the secretary shall immediately mail a notice to each member showing the amount of his indebtedness.

“Secti…