The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-02-23
NOTICE OF DECLARATION OF
PURPOSE TO FORM A COMPANY
TO TRANSACT THE BUSINESS
OF FIRE INSURANCE IN THE
CITY OF DETROIT, MICHIGAN.

We. the undersigned. do hereby de-
clare that we intend the formation OF
q company for the purpose OF transact
ing the business OF insurance. and to
become Incorporated under the pro-
visions of Act 13s, p. A. 1859, entitled
AN act relative TO the organization
and powers OF IRE and marine insur-
ance companies transacting business
within this state and the Acts amen.
datory thereto and supplemented
loving shall be Z copy OF the Articles
OF Association TO be adopted by US.
Article 4.
The names of the petitioners. asso-
cistes and incorporators TO Do are a.
j. Edward Ready. Monroe. Mich.
Walter w. TAFT. Detroit.
Edwin w. Abbott. Detroit
Charles A Baehnann. Detroit
James Pringle, Detroit
Dana c. Day. Detroit
Judson Broadway. Detroit.
Article q.
The name by which the corporation
shall be known shall be the Detroit
National Fire Insurance Company. It's
place Of business shall be Detroit Detroit.
OF the corporation shall be for thirty
years.
Article q
The purpose of the corporation shall
be as follows:
houses, stores, and all kinds of build
ings, and upon household furniture.
goods. wares. and merchandise. against
loss or damage by hre.
every kind of property against loss or
damage by lightning. wind. water or
either OF the same.
Article Z.
That the corporate powers shall be
exercised by a Board OF Directors con-
sisting OF i've members, and a quorum
OF which shall be a majority OF the
number elected and serving. Vacan-
cies during the year may be allied by
the Board until the next annual cleo
tion. Said directors shall be elected
by the stockholders At their annual
meeting as herein provided. by major
member OF the said Board TO be elected
for such office shall be the owner Of
rot less than ten shares OF the stock
OF the company. That the period OF
commencement of its fiscal year shall
be on the First day Of January of each
year, and the end thereof shall he on
the Thirty-first day OF December there
The officers of the Company shall
consist OF q President. me or more
vice-Presidents, Secretary and. Treas
urer. They shall be elected by the
have been elected by the stockholders.
The President and Vice President shall
be elected from the Board and the other
offers may be members thereof but
shall be stockholders. Duties OF ofh-
GERS shall be prescribed by the bylaws
10 be adopted. There may be employed
by the Board OF Directors or ofhc
such other persons Tor pos r,,S .n cg
titles as may be necessary to the work
of the corporation. and the duties OF
all such appointees or employees shan
be prescribed AZ %r., sSs bylaws 8.
The amount of the capital stock OF
the corporation shalt be Ono Hundred
THOUSAND Dollars, f eyiaea 6oI n,9 e aTo
and this amount shall be subscribed
and paid IN before the commencement
OF business.
The time OF holding the annual meet
ing OF the stockholders of the corpora
ton shall be the First Tuesday OF Feb
ruary OF each wear and they shall be
at the offices Of the Company In the
CITY OF Detroit or to such other place
as may be designated by adjournment
Article z.
That the terms and conditions OF
membership shall be the ownership 81
one or more OF the shares Of the stock
OF the corp1rsIio2 III, III p g9aii!a -. -.
undersigned, do hereby associate our
selves for the purpose OF making this
declaration. and 10 give legal notice
and effcct Ia the Articles, and do here.
unto sign our name this 10th day OF
February, 1911.
WALTER w TAFT,
EDWIN w. ABBOTT,
CHARLES a. RAIH Mann.
JAMES PRlNGIE.
DANA G. DAY,
JUDsoN Broadway.
state OF Michigan, County or wayne. 81
on this 10th day OF February, 1911,
before me. a Notary Public. in and TOT
saiA County. personally appeared y.
Edward Ready. Walter w. TAFT. Edwin
w. Abbott. Charles a. Bachmann, James
Pringle, Dana G. Day, Judson Bradway:
known To mo TO % the persons nameu
in and who executed the foregoing IN
strument and severally acknowledged
that thev executed the same freely and
for the intents and purposes therein
GEO. ". KEYEs
Notary Public.
WAYNE eounty. Michisan.
Nv commission expires sent ~ 1911