Whereas, the anthracite and bituminous coal and clay mine areas have been faced with the grave problem of subsidence for many years, and
Whereas, these problems are becoming more widespread, and
Whereas, these conditions cause undue hardship upon a multitude of persons, and
Whereas, it would be to the advantage of residents of the anthracite and bituminous coal and clay mining regions to form a common bond to combat distress resulting from subsidence;
Now therefore, there shall be established a Coal and Clay Mine Subsidence Insurance Fund and a Coal and Clay Mine Subsidence Insurance Board with the powers and duties as herein set out.
52 P.S. § 3201