New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-20
STATE OF NEw-YoEK, lSsuRayCZ DEPaRTxzsr, }


The Wall Street Fire Insurance Company the City
York fled IT, chster in the Office Of the Controller on the G
and his associates The then intention % ir e
missioner. male examination Of the capital s9d affairs o.
the Con Psny for the purpose OF M aaed On ,ss b
Charter certified the Controller from the Attorney
Generals ose 8G the 9Th day q sePtsn9e 1889, Ds1sr B.
pointed commoner, By the DEPUTY cGDoeI and on the
esI. two Of said certified and reported to the
Controller under oath as the result Of their eIami1aon
That the Of s200000 the capital Of said Company ha,
been paid possessed BY IT, In cash and bonds aud
Salisbury Vice President and John K Oakley seceta
~ fled and testified that the caia exhibited them
the sid Commissione the iath day Of October s a.
on The lax Ssy of oatobe 1885, certified copy the char
the County Clerks Office Of the city aud county Of NewYok
the Company assumed to exercise the rights privileges aud
Franchises d Fire Insurance Corporation, with capital Of
The capital Of the Company fixed by the third article Of It's
charter was 600 aud this could not be legally III
creased except by procu Declaration Of the Director the
of In amount Of the sto khoders ming an
amerd charter and taking the usual proceeong which are
similar TO those required on The origin oIgan,on o. zen
au al the Of $500 600 consisting Of cash and bonds
and poitsssss are rst len but It Undoubtedly far
sumption ihat they intended to certify the whole sloO a.
Ace " OF the charter provides that the whole capital Of
the Company Except much Of the may be
mortgage upor unncumbered estate 10 the state Of New
yors worth at least th e and pr cen, more
onetTd" (which improperly inserted in Psnci are hc
si,tent with the this State which only allow investments
where the premises worth my Per
cert m ore than the amount loaned thereon.
the Limitation the chartered capital OF ne
Company $4,000 and Its irregular aud illegal orgnHs9n
on the capital Of $4,000 at special meeting OF tho
Bosrd OF Direct bel their Office the Path day OF Noem
bsr present William Jares Boggs President and p,oec
Tors Salisbury Vandewaer Crawford ThOmas ANGEL mese
role Weeks Oakley, and William Bose the following re'0lu
ton adopted: -
Pesord That the Finance Committee Of this Board be and
they reby authorized and empowered to increase Tue
tai this Company 70 the amount not TO exceed $1,000
exchange the mortgages securities OF this Company
from resolution subsequently passed that this SUN
mary way Of increasing capital actually exercised and %
stock issued and above +bOO0 AT the Isguia
mgbly meeting Of the Beard Of Directors held AZ the ONCE
the Con pany the Eth day OF January 1898 the "
CLINTON was passed ~, -, -, $1,000 ,-.,.,.,
W9rfd by William A. Darling That the Finance COMMITTEE
be directed proceed at to examine into the character o
value OF the securities this Company and have power TO e
change substitute reject alter all any OF such securities a.
In their Judgment should be deemed for the interest OF the Co
pny also power employ counsel and incur any
saw expense arrive correct Judgment IN the premises
also the Of stock issued On said eiu
ties the end thst the Company may be put upon rm an
proper basis that the capital stock o. me Company nay
byo0f tgH me +z00 Goo and report the result
their investigation at the esret practicable moment
On the Ahd4y Of February 1889 moyeu en was ntel y
the Board of Directors compel Mr. Boggs, the PRESIDENT
resign smicable arrangement was made on the I'm ~
y 1889 by the terms Of which the President tenaeeu H
resignation. which accepted by the Company; .
TIE capital examined by the Commissloners anu o.
Organized, consisted oil Fl"V VI O'a
AID the following bonds and mortgages;