The Republican journal., 1876-03-16

stating the time, place and purpose of the meeting
copy of which notice shall seven days at least be-
fore the day appointed be given to each subscriber
Or left at his usual place of business residence
or deposited in the post office postage prepaid, and
addressed to him at his usual place of business or
residence. Such notice shall be proved by affidavit
of the person giving it.
SEC. !. At such first meeting, including any ad-
tournament thereof organization shall be effected
by the choice by ballot of a temporary clerk, who
shall be sworn to the faithful discharge of his du-
ties; by the adoption Of by laws consistent with
the constitution and laws Of this state and by the
election in the manner provided by law of directors
and such other officers as the bylaws may require
but at such first meeting no person shall be drec-
tor who has not subscribed to the articles of associ
alton. The temporary clerk shall record the pro-
ccednss until and including the qualification of the
secretary OF the corporation by his being duly
sworn. No organization shall be effected at any
such meeting it's ad journment, unless majority
Of the subscribers to the articles of agreement and
association are present and voting.
SEC. s. The directors chosen shall elect a
president, a secretary and other officers which under
the bylaws they authorized to choose
SEC g. The president, secretary and ma ority
Of the directors shall forthwith make, sign and
swear to q certificate setting forth copy of the
articles Of association, with tho names Of the sub
scrbers thereto the date OF the first meeting, and
of any adjournment thereof and shall submit such
cn"ticate and the records OF the corporation to the
il. vtion Of the insurance commissioner, who shall
examine the same, and who may require such other
evidence as he may deem necessary. The commits
soner, if it shall appear that the requirements Of
sections seven and eight have been complied with,
shall certify that fact and his approval Of the cert
iicate by endorsement thereon: Such certificate
shall hereupon be filed in the Office of the secretary
Of state by said officers, and upon being paid by
them the fee hereinafter provided, the secretary
TO be recorded, and shall thereupon issue to said
corporation certificate in the following FORM
STATE OF MAINE.
Be it known, that whereas names Of subscribers
to association have associated themselves with the
intention Of forming corporation, under the name
Oh, for the purpose there the purpose declared
in the articles of ASSOCIATION shall be inserted !
with capital stock Of, and have complied
such made and provided as appear from the
certificate of the president secretary and directors
of said corporation, duly approved by the insurance
therefore, i, Secretary of the State Of Maine
do hereby certify that [subscribers names their
established as, and are hereby made, an existing
corporation, under the name Of -, with all the
powers, rights and privileges and subject to the
duties, liabilities and restrictions which by law APP
pertain thereto. Witness my official Signature,
hereunto subscribed, and the seal Of the State of
Maine hereunto affixed, this - day Of,
A. d. -. Qn case of purely mutual companies
50 much as relates to capital stock shall be omtted
The secretary of state shall sign the same and cause
the seal OF the state to be thereto affixed and such
certificate shall have the force and effect of special
charter, and be conclusive evidence of the organi-
zation and establishment Of such corporation Said
certificate shall be duly recorded in the office Of the
secretary of state, and duly authenticated copy
of such record may be used in evidence, with like
effect as the original certificate.
SEC. 10. Any joint stock Insurance company may,
at meeting called for the purpose, increase the
amount Of its capital stock, and the number of
shares therein, and within thirty days after the
payment and collection of the last instalment of
such increase, shall present to the insurance com
missioner certificate setting forth the amount Of
such increase, aud the fact of such payment signed
and sworn to by the president, secretary and a
majority of the directors Of such corporation The
insurance commissioner shall examine the certiti-
cate and ascertain the character Of the investments
of suck increase and if the same conforms to law
shall lndorse his approval thereof and such certi-
cate shall then be filed with the secretary of state
and thereupon the company shall be authorized to
transact business upon the capital increased and
the insurance commissioner shall issue his certif-
cate to that effect, and any mutual insurance COM
pany with guarantee capital, may increase its
capital in the manner.
SEC. IL. The fees of the secretary Of state for the
services required in the two preceding sections shall
be twenty dol lars and ten Ol1ars rosnectival,