The Portland daily press., 1876-06-16

made in good faith for insurance to the amount of
thirty thousand dollars; and policy shall be is
sued by joint stock company until its capital stock
shal nave been paid 1n in cash, and invested pro-
vided in section three.
SECT. 5. Any name not previously in use by an
existing corporation or company may be adopted
provided that the words insurance mutual insur-
ance as the business is to be conducted shall sonsti
tute part of such title The insurance commissioner
may refuse his certificate hereinafter provided, if
In MS Judgment, the name adopted too closely re-
sembles the name of an existing corporation com
pany, or is likely to misead the public, until the
adoption Of a different name.
SECT 6. The first meeting for the purpose of an
organization shall be called by notice signed by one
more of the subscribers to such agreement stating
the time, place and purpose Of the meeting, a copy
OF which notice shall days at least before the
day appointed be given to each subscriber left at
his usual place of business residence deposited
IN the post Office postage prepaid, and addressed to
him at his usual place of business residence Such
notice shall be proved by affidavit Of the person Civ
ing it.
SECT. Z. At such first meeting, including any ad-
journment thereof an organization shall be effected
by the choice by ballot of temporary clerk, who
ties by the adoption of bylaws consistent with the
constitution and laws of this state, aud by the cleo
such other officers the bylaws may require, but at
such first meeting no person shall be a director who
has not subscribed to the articles Of association The
temporary clerk shall record the proceedings until
and including the qualification of the secretary of
the corporation by his being duly sworn No organ
izaton shall be effected at any such meeting or it's
adjournment, unless majority of the subscribers to
the articles Of agreement and association present
SECT. s. The directors so chosen shall elect a.
PRESIDENT secretary and other officers which under
the bylaws they are authorized to choose.
SECT. .. The president, secretary and majority
of the directors shall forthwith make sign and
to certificate setting forth copy Of the articles of
association, with the of the subscribers there
to- the date of the first meeting and Of any adjourn
ment thereof and shall submit such certificate and
the records of the corporation to the inspection of
the insurance commissioner, who shall examine the
other evidence
he may deem necessary. The commissioner, if it
shall appear that the requirements Of sections
and eight have been complied with shall certify that
fact and his approval of the certificate by endorse
1nent thereon Such certificate shall thereupon be
ed in the office of the secretary of state by said Of
ter provided the secretary shall the same with
the endorsement thereon, to be recorded and shall
thereupOn issue to said corporation a 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
Of----, tor the purpose there the pur pose
declared in the articles of association shall be in
serted] with capital stock of-----, and
have complied with the provisions of the statutes of
this state in such made and provided appear
from the certificate of the president secretary and
insurance commissioner and recorded in this Office
Now, therefore, I--, Secretary of the State
Of Maine do hereby certify that subscribers names1
their associates and successors legally organized
and established as, and are hereby made, existing
corporation, under the of--, with ali
the powers rights and privileges and subject to the
duties, liabilities and restrictions which by law ap
pertain thereto. Witness official signature, here
unto subscribed, and the seal the State of Maine
A. D.. On case of purely mutual COM
panes. SO much as relates to capital stock shall be
omtted2 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
organization and establishment Of such corporation
Said certificate shall be duly recorded in the office of