, 1869-08-31
INSURANCE MATTERS,

osn R!tAttt harplhtas u ftnt tic work ut Their
UMn hMndaf
INSURANCE MATTERS.
opinion Of Attorney t:rrcrni fIust,-
ncils
tn anawtr 10 n letter froat General tipnlucu!t.
slate AnlItof making Inquire. IN rIat!o:i 10 tt,
construction tH Ia put ntsh tho i9th eectlnt Ut
" An act tu lncarlH,rni. md ausern thu nre tu-
surn,1re cenpRfr. dnIhH bnslnr.s Ii t,,u Elaic Ut
ttAhuls," Att0eney Aenetat Eluaf!ncll tAakca tAe
ArEousxv ukskuAt.A urrscx.
HrHikurlELt, H., .IutJ u, Lug.
H:A: HAVE hal the tl0nUf til r,.t.isr yn.lr irt-
irr Vt shs Ts't 'nhan, asking NY "rhs"h Ut, TIM
nineteenth hcrttnl Ul AN nct tG Incorporate md
gncfn ntr, tIar1nr. au'I inIhul navigation enlu-
wtrll art VIA hppn,veh Marrh II. lacp, al.! Which
trrt!un II IN thr w,'ftls nn'l nxusrs f1'lowlpg:
ctsant.;p, II i &c st"tc u nos, a or ,,oItIv
liaInrss In ths ttRle. nfe hereby lru,l,ht p,itlrT
HlE TIM protlsiuuA Df thls Mt. except tGnt their
rHplta1a tIay continue IF he nmounis AMI chnrsc-
tel named i'm anh nulhrIE.s t,y theIr rrs1eet1.
Ghurtrts ,urne ihe existing term Vi at,li charters
a"1 thr Investments ut thr ran''al nt1 ASSETS Of
pHlh rht'lrRneE tnRy tffTlAlh fhn pntnr NJ rt,.
frrc'1 ~ Their rhafstfa. ANYTHING In i}s mt to
thr rnntsafF notwithstanding: md such c0tnra.
flIrs sha Rlso e ehsIlte'l u MI thu privileges nnt
pr," rrH granted hr snri sbhrlura.'
MN ~rII aware of HE tlIfrn1Iea n',i r",rl"xi.
'rs sHttG1tlrr thn r:raf'Ih mflpilur 1T HI. III.
.hfsh"" rotnn.tilrs si"'Isllr shsrt"'e'l hr tie
taa arnr,a in.',fens" ,aw a'n,rr tefr..e.t - ata
s"h"' !" n" rt,!.'ns ,I.rs%i H. =" 70,
rights, privileges hs4I ItrMHhtitrs i,ats+,l III
up"t.aI nlls ut tnrntrntHtIuH m4r l*aH,nI.,
'r.'si ttphl', "hrh tannot IL tassn Away
wilhnnt thr t,ttis"nt ~ thr InsiIrt ihr ss.trs.
nr nM!. thr rtiw"t tn IN ~ y Fn'rtt"1 IN thu
MI II n.rnl,'nnlh,I,, nr ~ ar,"fa' laws IN
sntlrn'r a,ht, nj .thn nathn tim, II ~ nststrs
lhA, tnlI"IalInI4 +t"flslls rtrntrh mil tsI.a.AnA
," ta Itl,it4s rs and F!th'A NAV. ni"' "t"n m.
Ikt Gtk.~lF
atn,,,v Iir rn,ur mi tnnt tThrnr.rr MI, M.
t.tM',,. J., ,',,,a".x.,n, ,,,s,. q - f.ah L.,
s liz In n ,r,s,',, md NJ us,,ra ~ VIII 49, ~
IL. i,tx n. .t.hlIsi,rI h. htam r;,,I nnth,,IfInI
.s", p f r.; ri T. 'Et. r., ,, a F1l,I1sxs: s @ 'h
tsr sn,ar r. oHtA )" INV Ptoi'e ''''n ""e"se '"fJ
Sus, 10 e,:t'sr Il Incarceration !, eanstee.
a. II l.. iii, H. t,r hIshrai ,l,,ai sI,,nis IN ",
mi, l1tt ,,trart Univ II, M +.ir,,t ini n ,uf
ln'"n 1.s. ~ r. tue i!s =, i. cr"s!,.n ""t I,
tt,s nmbI,c W4IIa2r." '4o f'"'''''' "
rhIs ,rrr Iestlnn WAR ratsc,l a,l1 ,lftrru,nrI In
In, ,.,sp ri IL imun,,frlnl l1uIIe nj ifulrs "a
stuta nj Wtrusaint' q uf.,lr nil Marstntt a1o,
i,cs pi,arkrf, IN ,icJlvrtina ,,e unIf,In1. ~.
.sthnt the tsa1r tn& lhc rixIt tn rr4tra.t, ihr
nrtInt, bf n ttrfHtItJnr r,rttpht II IL a ttuJI:
hIrII n1t,ttka 10 her in her huyfrtlxu cataGtiy
I,rtr rhDrtsr Ia rrh4r,f tn thr r.rrr,at ri {hc
hIvhr,l functions vi suc Eosrrniueut. ami Rfly
p,st entities The atn to srfI4lHl Ihe i,Hxer anil
Il tt. tr,uriy exiz.nl at lho tt1r o! making tl.a
Ktnui, II IL ruiHVetrl tnt her 10 Irusla fur uBr.
SEAt1, IA tftHHIuhHfAllnt ~ lHr f:HF1ief7 Hnt
Me,hat,r.' rha* t3i iFkrs4,it.. hta t's e"ssst..
tt4nn1 tiu IT thn lTKtaf5tHfe lu lH,s* Rsh vrll.
| stnI Ia~* "a nj" nt"rt s",.p'"ta''"tI. Ia !ul'r
na,ntsihtt. Il. ttt.nr III tha ,f','i>'nta. s,hA
'",iu'r.Io,rta Init ahotltr Il, 'hst,snt" all nur,t
I,1nt,rx u. ,uh. t'4t .,~tra.rff y. wst,A thp
rhitiItIuL 81 llI' ranks nil ietf HfiFHt II fuN
lllrr rtenRe'Ert". Rltn 'f"t t'Irf l"nlh".a IN
N lLrt iIHkt Ial r1tlu1 t'ut lst HrjlIEnl Ihth
rus j. v taa" eAaun ~ puinl. ~ tln tn.t r.,
i'm Il IL. the lnn .A''n II Tim .ttts Ut III" tam,
il nis.tnt,ris Ia tnsrn'tRatr .hn management ant
suE.rry Ut ttlH hnI,hs. sui. !: fau.h, IL hi ',n-
! trItIHK or l3rsTAHtitng Tan tuhlLh III my
| my, III ra'Ix!H th1lF fntlnE nlHrlt1lHs.
| ln itln tnattsF ussIser o1IsttetaluI tho
law ,naxra II ,nur hty. wnrH"vrr Jun
sha acln II rA l,ett,cnt III ~ do. u pEson. ut ~
hhr as tnotn p:hons. ~ NJ aPFnhtel " Ina ~
M La r1fn"rs. not oHlests, e.c., ~ e1amhn G!l'
tie Altafs q! an5 nsuIaire company tttufp1fttrss
.as state: nnp further pruyttlss thai u 1t .hali
aniesF 10 yen from such e1amnsti1n Il, i, that snu
aEe 'usnt'ie,eut to lAI,y me rontInuan:e of such
tohfaA3, lHeh u nes"taea 3uus uuty u see tnAL
| III ~ Ec'snele. aEs mu,se !oof, ahn snc puais
rr,r' e'llnss and hasr any such roulnun5 dis-
ro'c,l auu have ~ effects psupeEly dlstrtba!tt-
up ~ n eS ,ss 5oI ~ }h,s nms.,,nn ~
thr above casc: "1hc manifest object which
20 ~ ew Ta TO t
>'s e sss i ~
charters NJ bants, aaa irom tnelr Insolvency.
eerous to The public hy their misuanasemeut
| ami trcach Of the laws. When It Il con.
s1aezed how Important u TO aA the
hunks thoDEh. be managed uprtRhtlJ, AMI with
Integrity, aud according 10 the rules Of law
prescribed for their Regulation II .h..! ehs,srs
ni!, ,hcrr seems 70 he 70 donot shas tue objects
RErossa are Proper suojeets for :ns eIsse,:e q