Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-04-02

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Central Missouri Insurance Company.
An Act TO incorporate the Central Mis-
souri, Insurance Company at Glasgow.
3D. Be It enacted by tie General assembly of
Ms STATE of Missouri, as follows:
Sec. /. An Insurance. Company is here
BY established, with capital Of fifty thou
sand dollars, which may be increased at the
will Of the Stockholders TO any amount, not
exceeding five hundred thousand dollars, in
shares Of one hundred dollars each, which
company shall be released from the fourth,
seventh, and thirteenth sections of the first
Article Of an act concerning corporations. -
James S. Thompson, Edwin R. SpotswoCd
and Thos. j. Bartholow, Of Glasgow; Jno.
Bollentine, A. Johnson and Willis H. Plum
ket, Of Brunswick; L. b. Harwood, A. B.
Lewis and Jno. 2. Scott, Of Miami; John
H. Grove and B. E. Powell, of Cambridge;
!. A. J. Adertop, William II. Wood and
Jas. Houston, of Arrow Rock; Barton S.
Wilson, Francis l., Brent and d. De Haven
af Boonville; Jas. E. Rnsye, George w.
Walker, IT,, and Jno. w. Harris, Of Roche
port; Jas. L. Stephens, ]. Kirkbrde and Ca
leb S. Stone, OF Columbia; Rice Patterson
and William Wayand, Of Roanoke; William
T. Rutherford and Benz. w. Tracy, Of
Huntsville; William c. Boon and John
Shaffroth, Of Fayette, or an" two Of them, at
other Of the places above named, shall be
Commissioners TO open books, for subscrip-
ton for said stock, in auch manner, and
at such times, and places as they may ap.
esint, until f''y thousand dollars or more oi
stock shall be subscribed; and in reasona-
bic time thereafter, tho subscribers shall
meet and choose their Directors, first CIV
ing twenty days notice Of such meeting in
some newspaper printed in each Of the
counties Of Howard, Charlton, Cooper and
Boone. The principal Office of the Compa-
ny shall be kept in the City OF Glasgow;
and three stakeholder, residing in Glasgow,
shall be authorized to call said meeting.
SEC. 2. The subscribers for said stock,
their successors, associates and assigns, arc
hereby constituted body corporate and pol
itie by the name and style of the Central
Missouri Insurance Company, by which
name. they and their successors, shall have
succession for thirty years; and are made
capable in law, Of buying and possessing
properly, Of every kind, and the same 10
sll and dispose Of, contracting ard being
contracted wi,h-of sueing and being sued,
Of defending and being defended against, in
all courts and places whatever, in all man
ner Of actions, and may have a common seal,
which they may change at pleasure; provi-
ded it shall only hold such real estate as is
necessary for tho transaction of its general
business.
SEC. 8. Tile payment for the stock sub
seribed, shall be in the following manner:
at the time Of subscribing, one dollar may
be paid 10 the commissioner on each share,
and before the company shall be authorized
to issue policy Of Insurance, the further
sum of nine dollars shall be paid to the Di-
rectors on each and every share, and the
balance due, satisfactorily secured payable
on demand. And if any stockholder fails
to meet his calls for thirty days after the
same shall have been demanded, the stock
owned by such delinquent stakeholder shall
be forfeited to the company, and the Direc-
tors shall have power, TO sell his stock TO
pay the same, upon such terms as may be
prescribed by the bylaws of the company;
provided, that such sale shall in nowise ef-
feet the liability of such stockholder or the
security given by him to said company TO
secure his subscriptions of stock, but said
company may sue for and recover, or other
wise collect from such stockholder, on said
securities, or otherwise, any balance that
may be due on same.
Snc. 4. The corporation hereby created
shall have full power and authority to in
sure all kinds of property against loss or
damage by fire, to insure the lives of slaves,
TO make all kinds of insurance against loss
or damage on property Of every kind in
transit: whether on the oceans and seas, or
by the usual modes of lake or inland and
river transportation 10 make such other in
surance as they may deem proper or expe-
disnt; and to reinsure themselves against
ioss or any risk which they may have taken'
and generally to do aud perform oil ne'essa-'