THE UNDERWOOD LIFE INSURANCE BILL.
On motion of Mr. UNDERWOOD, the constitutional restriction was suspended for the final consideration of Mr, Stephenson's Insurance bill [H. R. 376], Mr. Zollar's County Asylum bill [H. R. 315], and the bill [S. 230] to cut down the Governor's rent allowance from $5,000 to $2,500 per annum.
Mr. Stephenson's bill [H. R. 376] to incorporate Life Insurance Companies, to make certain provisions concerning contracts for life insurance with the agents of Life Insurance Companies in this State, etc., was taken up and read the second time.
Mr. UNDERWOOD explained its provisions-it was to take the place of his Insurance bill [H. R. 60] vetoed by the Governor on the 9th of March.
The bill was finally passed the House-yeas 52, Hays 25.
