The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-17


in the specifications and estistcs ar in the
report VI the State engineer and surveyor for tba YEAR
one thousand eight hundred and an yor. .x, ye
| land dnniager
Sec. Is. This act shall take effect immediately
|
| The Bus1ness or Llfe INSURANCE.
| An ACT IL RELATION TO ALL COMPANIES TR,Ss.cr
ma r,tr prsI>rs. on iIYp iysrR .>cr ,.Ir,,s 80,
| ...r, = ped a ~ = n. - ms
| RI, D., sa Cat. ~ Ma Ts nin.- 2, Ioyl.
| =" eoP1 y "e ''"' - A""; '7"ese"e" w SerWe
s"a ..ssfm"ys ~ s""s. $50 !. ;... -. !.
a. hr;n.ss =, In. ;nsur.r-e S,h;n the s,as - s&
ION shai on OF peIoIe ~. nss' .ay o. august IN tne
yesy one thousaha e1snt nuneu .su deposit
va 1u. pa M - 800 ~. s..s ~ r.hr,.ry .h .u
ssus a"fars au On vi ~ ~. - ,s snen-
ae5 the further sum OF nfty INC dollars IN public
stockS cr the ensieu Sises VI VI sS "sc ~ s,Ms OF
oonu e,rsn~S % the incorporate c'S~s ~ .ns o.a.e
"s" OF bonus sha. De - ~ noo'e par =. .uo
e 81 utp~ls or ~ oonus anw ~, on ann
~. , .al cea'o e.'uase 49, 49, @
az 49,. aor.n - Ies~s n'y per cen. moo lns wv amount
=, me noSse e~+Isoh, anu t.e PIvMuen OF asen' o'
cae.y .omp"y rnHs ShheA 20 every m1sses MS amua-
~ 49,, - naue anu 20 ~ ~ !" ssi ias.
49, .ha .,. ~ - company ~nic1 ~ 1ep. $500.
~ 49,. ILL; ;.s w '.Aaeu anu .na. y. par .ncie1
10 hell, We and doss h.sev ~, th IN" - 49, ,hSr
mortca.et aro ,r,, ~ ~, ' .s. 'ne .ne.oy
th ss"un, ~ , n,r ~ .hy Pc. es ~, s,ae I'M.
- sI,.u r-.s.r;l.. go r.,. a"u W. 2onp'.
tla ara vain. ~ such r.ss .s,a, a. ~ 49, 49,, s."s Wy.
CO.. I.rar;da hosns a.. ~ ~ may uee" neces-
e.tshlishcd ar WHICH NAV comnancs o,r., ~. ~;
So -. $50. - n,h.J n oPela ~, tns
80 III :. s, 80 ny, 40 ,ne passass
H., ~ ~, =, $50 60 IN 49,: ~. s icaiure'
.,nnsn;s npssaa Aan;, t..h ;,. ~ luz o.anee
for, yn;ne anosi,e Win ,he Ella ~, % ~ anu
VIZ. VI. W" sum o., one
i.u ''o"s'"o uon's' !" seo"ioes as "ereinoetofe
e.. r,,o co,,r,ro,,ar ehou hi, at, ..oo, 80,
sec = me oomp.ro!er sna. hoI s,d STOCKS bonds,
non;es. In, sb,u 60 lor,s a, .,s con,nany 90 ,as;,;
LnI cnn,inra sniro, I'D sh, con,,Iv ,sth All ~ -
n-;t.e ~ h in 90 III. ST. anIi9,, :, h
hanv Kermit ecb conn,nw 70 .nlinct Tho ;ntcrnt -.
hiri'ien, on ~ honls I nr stncs en- ,,
s,od ard sron, ,;,,a 10 in,a A., yi,hr,,, an,, IS -
securi,ios se or , a'.a th @ In - ,;
Sss ~ e ~ or hosgs oee par value q wneh
dr,wn. ~ ,ort,o ~ so s'lst;t,,tnJ go ha a. 80.
,an;oa VII =, ei 49, Ne ;, ~ - at Jun
- IL Co., IL III =. - -, -, - - -
,n;na tbe t;,io ama vai,,o 80 !, 80, 80 1880
D., thn ,'otro o ,;,,,, - 49,, IT,, eo'e.e'
ssry :" " N'' NV '''"
Sec 9 II shall not be lawful for anv perso, IN act
within M Statn a. ,,snt Or i,
or nrocurne ,nplcs,iops far insurnuce in ,nv con,
papy or assoeiaon not inoorporated nn1er tie law a.
th;s stotc until he hos nrocpra certiic.ta sram M
C,mntroer that Tho comrany ar ,ssoc;aton FIR mhin
he act bas connrfad With ali ,ha nrovs"n Of ,hi aot
and for eyery cait;scata so oh,s;pnJ the ann Of ,h
dn,isr. sbaIl' be na;I IN tho cou'm,rnior NV sum " 0
Soc Eyerv co,nneny or carpora,;on or,,r;xo, ,,do-
Tho ,.ws ~ s;,er Stass Nv fdrn,n roynrnr,ants go
,ransaotirr he h,.;nass ~ ,is ios -; III So.
I'LL uithg, ,hroa ,annths af,ar ~ ,as as III; 80.
sha within ,hree months aiter ,ne passage OF thi' act
tberaaf,nr f,,rn; ~ ~ Go,,,,r. 49,, .,, lie h
ii.b in tbn STATE naner aaily fpr two wos st.tesnt
verified by the oat of their prcident or nrnc.a oacar
va M ~. 90 ,h u " ,;r, ~ t :, h ths
art 81 i, VI nm ,,aI na .rt; =, ih ;a
ahy ave- nassecd and snoc;fw;p, th scnri,ie i; his
,hey ar in,astad WITH H. a;nn,snt of aanh ia 800,
nor ~ noi;cos .nd tba .,nn.nt ~ ou,st,ndn, 49,,
thereon Tho several amounts rcceyad in nraro,m ana
H.
ioes and cxpenses s.yeraIy for The Sane ner;"a the
nomrt ~ ,;s rn; y ,oi Wy ~ az , 80 en-, .s
reserved for the amount Of premium notes
MI ,,, ~ oo,nn.ny on aono,,, - ,aI;o;p - g. ~,
,r,o,,, - ra,i,,, - 10 - T. 4, . aaa.,.., 20
i;i mon ph'h ,hs I'll I by ; i'm I'M - pI
nn,a,.r ~ ,,n,ai.s ;.,,aI ~. ao,,;,, ,.,. .,.a.
.""ncias IN HI; STATE tie .n,o,nt ~, r;sL ,hrr ss
~ cross a,onnt ~ nranai,ms r.a;va ,har; ai ~
H. e ~ ,,.;r r.nar, ~. n,,nhr ~ .rnn.,a.
os &c. Ia .h.eu.h 80 - ...n;.. IL s
nar;od f"N '-',o'e' '"'A "e'"'''' ""'''s 'A' SUNNI
g. 7, sh.uha ,.uc,, Co. a.. Cou,..ua,,.. xuL.uxa.
b hall a., !, - Sn,;an, .n 20 AZ - u;t o -
nv nr, rson ~ ~ 10 70 M QUE or
mort coihpeen' persons not oncers OF any lie insurance
10 agrs ~ ~ ne. n.,..,.a co., 49,, ;,'aa.o.V
In M. c,.ta nr dai,, h.s;,as, ~ r. 49,, r. 80;
state and il shall he the dntv of The oa,rs or uen
Of any comnanv doiny husncss in ths Stat. 70 e.na
ther hoL tn i onene for tho ;nsnccton of ,he ns-so
or ncrsons SO apnoptad and otbrrse 10 s,ittc soch
xampation so far me II NAV he IN their no r 10 10 and
far ,h.t nnrno ,h ronn,ro, m ~ ~ o. ~ss
sons So appnnin,ed Nv Nm phaii h.vn nwr =, ,n f
,,nd.r osth tho ,e,cors mi .aants ~ M oornan rI
tive 20 tha hnsinss ~ said o,"nv y ~, sh" a.
COMPTROLLER shall deem II for The interest OF the nubio
to do he shall publish the result Of sach investigation
Sec q Whenever n sb.n annear IN the comnt,ol,.r
from nomination made under his direction ,,t the as
sets are not suncent to insure the oustanding rk OF
any company Incorporated IN this STATE n. mall com
mSpcate the fact TO the Attorney General whose duty
II shall then become to apply 10 the suprcme Cours
for an order reaurny tb.m ~ bow cau.. shx m. h,
ness Of such company should not be closed and thu
shall thereupon proceed hear the allegations and
proofs Of the respective parties and case il shall ap
pear to the satisfaction Of the said THAI the
and funds of the said company sufficient as sf,rc
n
company and a distribution of its effects including the
securities deposited in the hands the Tbs
supreme Court shall have power refer the application
ofthe Attorney General referee inquire report
upon the facts stated therein.
Sec 7. Whenever IL shall appear to the Comptroller
from the report Of the person persons app sinted
him that the affairs any foreign pmpany aforesaid
are in unsound condition he shall revoke all such
tcation thereof to be- published In the State paper
four weeks and the agent OF such company Is after such
notice required TO discontinue he issuing OF any new
= men any company uansaeung tne business o.
ine Insurance WITHIN the state OF New York shall delre
m