O'Neill v. Pleasant Prairie Mutual Fire Insurance
Wisconsin Supreme Court
APPEAL from the Circuit Court for Kenosha County. Action upon a policy of insurance. The defendant insurance companj^ is a corporation duly organized under the provisions Of R. S., ch. 89, secs. 1927-1941, and the several acts amendatory thereof.
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APPEAL from the Circuit Court for Kenosha County. Action upon a policy of insurance. The defendant insurance companj^ is a corporation duly organized under the provisions Of R. S., ch. 89, secs. 1927-1941, and the several acts amendatory thereof. In November, 1885, it issued its policy of insurance to the plaintiffs, in and by which it insured them for the term of five years against loss or damage by fire to the amount of $2,000, as follows: “ $800 on incubator building; $800 on fixtures in above building; $400 on fowls and chickens in above-mentioned building,— all situated in the town of…
1Opinion of the CourtLyoN, J.
The first question presented by this appeal is, Was the town insurance company, the defendant, authorized by the statute to insure the building in question and the property therein?
The limitations upon the power of the defendant company to insure property against loss or damage by fire, at the time the policy in suit was issued, may be found in sec. 2, ch. 421, Laws of 1885, and are as follows: “ No such corporation shall insure any property out of the town or towns in which said corporation is located: provided, that any such corporation, at its annual meeting, may, by a majority vote of the…
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