Maumee City express. [volume] (Maumee City, Ohio) 1838-184?, 1839-07-20
February 8, 1888.
AN ACT to incorporate the Maumse City Insurance
Company.


AN ACT to incorporate the Maumse City Insurance
Company.
Sec. l. Bell enacted By the General As
senably Of The State Of Ohio, That an Insu-
rance Company shall be established in Muu-
NEE City, in the county of Lucas, under
the name aud style Of the "Maumee City
Insurance Company" with capital stock
of two hundred and fifty thousand dollars
divided into shares of one hundred dollars
each, to be subscribed and paid for by indl-
viduals, companie. or corporations, in the
manner hereinafter specified.
Sec. Q. That James Wolcott, ]. II. For
syth, G. S. Hlzard, Jonathan Wood, J..
A. Scott, ]. j. Bingham, Daniel Cook,
Hiram Steele, John L Hunt Oscar White,
Gi man &. Mudget, and S. A. Sargent, or
any three of them be, and they are hereby
authorized to open subscriptions in said
town, for the capitd stock of said company
on the first or second Monlav of April
next, and to keep them open every day be-
tween the hours of nine o'clock A. M. to
five P. M. Tor ten days Sundays excepted,)
when the same shall be closed: if within the
said ten days one thousand shares shall be
subscribed for, the subscribers may meet AT
some suitable pllce in Mnumee CITY, after
fifteen days notice thereof shall be gwen IN
newspaper Puolis'leu III saId CITY, ana
choose three directors, who may at any
time after having given fifteen days notice
in one OF the newspapers OF the city, caus-
ing the subscriptions to be re-1pened, and
to continue open TILL the whole amount OF
stock shall be taken: if, however, within
the sad ten days more than two thousand
live hundred shares shall be subscribed tob
the SAID commissioners shall appnItIon the
same among the applicants Thereof.
Sec. .. Inc payments OF the subscnp-
tions shall be made and completed by the
subscribers respectively at the times and IN
the manner following; at the time OF sub
scrlbng there shall be paid on each share
two dollars, and after the election OF dlrec-
tors and before the company shall go into
operation three dollars. The ballnce due
on each share saaI! De subject to the cal oil
the directors, and the sad company shal! not
be authorized to make any policy or contract
OF insurance with any person until the whole
amount ot shares subscribed shall be octu-
ally paid or satisfactorily secured to be pud
by endorsed notes by Iypothecaled stocks,
or by mortgaged or real estate.
Sec. 4. The subscribers to the slld com
pany, their associates, successors and as
signs are hereby constituted body corpo-
rate and polite, for the term Of twenty
years, by the maine and style OF the Fl" Mau-
NEE City Insurance Company and by that
name they shall be capable in law of plead
ing and being impleaded, answering and
being answered unto, defending and being
defende in all courts OF equity, and may
have and use common seal and may change
and alter the same at pleasure.
Sec. 3. Tne corpola alton hereby created.
may insure on all kinds of property glinsi
loss or dam1ge by fire, make all kinds otin-
surances against loss OIL goods and mer-
chandize in the course OF transportation,
whether on land or water, from and 10 any
port in the United States, and make such
other insurances as the directors may judge