The Detroit times., 1911-02-11
NOTICE OF DECLARATION OF
PURPOSE TO FORM A COMPANY
TO TRANSACT THE BUSINESS
OF FIRE INSURANCE IN THE
CITY OF DETROIT, MICHIGAN.

We. the undersi gncd do hereby de-
clare that We intend the formation OF
company for the purpose OF transact
ing the business o. insurance. and 10
become Incorporated under the pro-
visions OF Act i36. T.. A. 1859, entitled
An act relative 10 the organization
and powers OF fire and marine insur-
ance companies trsnsacting business
within this state and the Acts amen
uatory thereto and supplemental
thereof do hereby declare that the fol-
OF Association to be adopted BY us
Article =.
The names OF the petitioners asso-
ciates and incorpo.ators TO be are as
J. Edward Ready. Monroe Mich.
Walter w. TAFT. Detroit.
Edwin W. Abbott. Detroit.
Charles A. Bachfnann, Detroit.
James PringIe. Detroit
Dana c. Day. Detroit
Judson Broadway. Detroit.
Article z.
The name by which the corporation
shall ne known snail be the Detroit
National Fire Insurance Cbmpany. Its
place of business shall he Detroit
~ the corporation shall be for thirty
years.
Article 4
The purpose OF the corporation shall
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 hre.
Ind. To make insurance upon any and
every kind OF property against loss or
damage By lightning. wind, water or
either OF the same.
Article L.
That the corporate powers shall be
exercised BY Board OF Directors CON
sistine OF i've members, and a quorum
OF which shall he n majority OF the
number elected and serving. vacan-
cies during. tho year may be filled by
the Board until the next annual cleo 3.
ton. Said directors shall he elected
by the stockholders at their annual
meeting as herein provided. by major
ity vote of quorum thereof. Each
member of the said Board TO be elected
for such office shall he the owner or
rot LEGS than ten. shares OF the stock
OF the company. That the period OF
commencement OF It's fiscal year shall
be on the First day Of January OF each
year, and the end thereof shall he on
the Thirty-iirst day OF December there
sfter.
Tho officers Of the Company shall
consist of n President. one or more
viee-Presidents. Secretary and Treas
urer. They shall he elected by the
Board OF Directors after the Board shalt
have been elected b. the stockholders;
be elected from the Board and the othcr
others may hc members thereof. but
shall be stockholders Duties OF off,
10 be adopted. There may bc employ ell
~ the Board Of Directors or on ter-
! sCAh other persons for positions, by
contract or otherwise. and with such
titles as may be necessary 10 the work
Of the corporation. AMI the duties oi
all such appointces or employees shall
+ be prescribed by the bylaws.
1 ~ Article ".
\ The amount OF ;he capital stock oi
the corporation shal, I've Ono Hundred
4 Thousand Dollars, divided into sTw-
Thousand shares 81 Ftfty Dollars each
I ami this amount shall DC subscribed
aud paid I'm before the commencement;
| of business
Artietc u.
: the time OF holding tho annual mec G.
inc az the stock.soI iers or the corpora
ton shall hc the First Tuesday Of Feb
: rttary OF each wear. ard they shall h.
az tbc offices 90 the Company ip tho
CITY OF Detroit. .or to such Other ple 90
as may be deslTnat~d hv adjournment
Article :.
Tn.t tes o.. ms and conditions NJ
membership shall nc the ownership ot
one or more OF the shares Of tho stock
OF tiic corporation fuliN paid
+. ~ WITNESS TlTER EOF. we, the
uuaersiyncd. do hereby assorbNte ou-.
a selves for the purpose OF making this
erlaration. and TO give legal notice