Smyrna times., 1867-11-06

lPUBLIc-No 72l
AN ACT to incorporate the National Capitol Insurance Com
pany.
by the Senate Representatives
the United states OF America in Congress assembled That
eeeh john Clark, G j. T. Reznor Fergus NJ Blair Robert
membeTs 3 are heT & created 6py p9f by the
for the PpSs Of CARRYING the business Of insurance At the
y t c " I'm I on ri ~ e g o % anu @ @
and shall be capable in law Of contracting
ing and being mpeed in all courts ofcopetent Jurisdiction
the laws OF the States aforesaid and they and their
their will and pleasure and may also from time to time at any
vide1 oran establish and put in execution such bylaws,
dnances rules aud th same not being contrary to
necessary or eAPefnt for the m3nemen Of said cPrporaGn
peal inc SAM ,t or I any o. 81 them Them ., That a.. , -
shall have make insurance the lives and heaho
or u ' or G ms tS S @ sr % of m NAV ~ deteT
mEe and to cause themselves TO he insured when deemed
peient against risks upon which they may have made sur-
less than i've nirm or stkboIirs three Of %hom Shall con-
,itrtt .I i,n M ,j'sJ ~ aIc+od I haI"t fro,
the members and Stockholders Of said company,
in its bylaws shall appoint OF which election public notice
held under the inspection Of members stockholders to be
y section of this act thereafter by
ana o benz refIfs &c 10 be appointed @ previous
shall be ie by ballet and by plurality OF the votes OF the
each member stakeholder for every fifty dollars
tord be filled ior the xprd terms by the remaining
directors the fill such
tue Office until others shall be chosen their places and
other elections shall be held April Of each
year Tor e cOct OF new directors The Sali board OF direc-
tors shall elect viva yoce president den secretary
treasurer and general agent who hold their offices for and
during Inc term o unless the board
., directors or until others are elected In their places
SEC t. And e IT further enacted, That the funds of this
real security But the Stockholders OF this company shall
be Liable IOr any loss damage or responsibility beyond the
amour stock subscribed W them respectively and any profits
AcCIu-iS W th'Ieuoi i!r anu uhuNuHl; m, IT.. ,. -.
SEC And be further enacted That suits at law or in equi-
ocRbors for the collection Of any other cause relating to the
business Of said corpoOn and may be prosecuted and main
than three months the LOSSES duly proved and
notified to the company asreca to the conditions Ot the
further enacted That the president secreta
and treasurer OF the and such other stockholders
added by the board shall executive
committees and the board Of directors not in
shall c otherwise by the board Of directors i'll thu
bylaws OF the Company majority Of whom constitute
quorum to do the business
And be it further enacted, That the capital stock
the shall not be less than hundred and fifty thou
dollars each, which hrsamed amount Of hundred and h
thousand dollars shall be paid in previous to eecng nsuran
SEC And be 1t further enacted That the directors shall
have to declare such dividends the profits Of the
shall be declared when in the opinion the directors
jorty thereof the capital stock would be impaired thereby
located at the city OF Washington, the District of Columbi
and may establish agencies elsewhere in the United States sui
SEC 10 And be further enacted That il shall be the duty
nua before the first day OF February prepare undo
oath and deposit IN the Office OF the Secretary of the Interior
detailed report O their Tor the preceding
also to be published id daily newspaper
the District OF Columbia for at least settlement
hibtng the paid ascertaned
during the also, statement of the funds
the and the amount OF outstanding risks there
together with the amount stock subscribed and the
actually paid in.
SEC further enacted That Congress may at
T. time alter, amend revoke the said Incorporation
| Approved March 2, 1861.