The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-02-17
NOTICE OF DECLARATION OF
PURPOSE TO FORM A COMPANY
TO TRANSACT THE BUSINESS
OF FIRE INSURANCE IN THE
CITY OF DETROIT, MICHIGAN.

We, the undersl gned, do hereby de-
clare that we intend the formation OF
a company for the purpose of transact
ing the business OF insurance. and 10
visions or Act 1876. T.. A. 1869 entitled
An act relative to the organization
and powers of IRE and marine insur-
ance companie transactinB business
datory thereto and supplemented
thereof. do hereby declare that the fol-
lowing shall be copy OF the Articles
OF Association TO be adopted by us.
Article 4.
The names OF the petitioners. asso-
ciates and incorpofators 10 be are as
follows:
J, Edward Ready Monroe. Mich.
Walker w TAFT, Detroit.
Edwin w. Abbott. Detroit.
Charles A. Bachinann, Detroit
James Pringle, Detroit
Dana c. Day. Detroit.
Judson Broadway, Detroit,
Article 2.
The name by which the corporation
shall be known shall be the Detroit
National Fire Insurance Company. Its
place of business shall be Detroit.
In the State Of Michigan, and the tenure
OF the corporation shall be for thirty
years.
Article s.
The purpose OF the corporation shall
be as Follows:
LIST. To make Insurance on dwelling
houses, stores, and all kinds OF build
ings, and upon household furniture,
goods wares. and merchandise, against
loss or damage by fire.
End. To make Insurance upon any and
every kind OF property against loss or
damage by lightning. wind. water or
either OF the same.
Article 4.
That the corporate powers shall be
exercised by a Board of Directors con-
sisting OF five members. and a quorum
OF which shall be majority OF the
cies during the year may be filled by
the Board until the next annual cleo
ton. Said directors shall be elected
by the stockholders at their annual
meeting as herein provided, by major
ity vote OF quorum thereof. Each
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 be on
the Thirty first day OF December there
. fter.
The officers OF the Company shall
consist of President. one or more
Vice Presidents, Secretary and Treas
urer They shall be elected by the
Board OF Directors after the Board shall
have been elected by the stockholders.
The Pre- sidcnt and Vice President shall
be elected from the Board and the other
offers may be members thereof. but
shall be stockholders. Duties OF off,
GERS shall be prescribed by the claws
10 be adopted. There may be employed
by the Board or Directors or officers
such other persons for positions, by
contract or other wise, and with such
titles as may be necessary to the work
OF the corporation. and the duties OF
all such appoint.cs or employees shall
be prescribed by the bylaws
Article 3.
The amount OF The capital stock of
the corporation shall be One Hundred
Thousand shares Of Fifty Dollars each.
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
tion shall he the First Tuesday OF Feb
ruary OF each wear. and they shall be
city OF Detroit, or To such other place
as may be designated by adjournment.
Article Z.
That the terms and conditions OF
shall be the ownership OF
one or more Of the shares OF the stock
OF the corporation fully paid
IN WITNESS WHEREOF. we. the
undersigne do hereby associate our
selves for the purpose OF making this
declaration, and to give legal notice
and effect to the Articles. and do here
unto sign our name this 10th day OF
February, 1911.
j. EDWARD READY.
WALTER w, TAFT,
EDWIN w. ABBOTT,
CHARLES A. BACHMANN,
JAMES PRINGLE,
DANA G.. DAY.
JUDSON Broadway.
State OF Michigan. County OF Wayne. IS.
On this 10th day OF February, 1911.
before me, a Notary Public. in and for
DRrsnnnliN annpared l.
Edward Ready, Walter w. TAFT. Edwin
w. Abbott. Charles a. Bachmann. James
Dana G. Day, Judson Broadway,
known 10 me to De the persons named
in and who executed the foregoing In
strument and severally acknowledged
that thew executed the same freely and
for the intents and purposes therein
GEO. IT, KEYES.
Notary Public,
WAYNE County. Michigan
My commission expires Sept. is, 1911