The Detroit times., 1911-02-13
NOTICE OF DECLARATION OF
PURPOSE TO FORM A COMPANY
TO TRANSACT THE BUSINESS
OF FIRE INSURANCE IN THE
CITY OF DETROIT, MICHIGAN.


a company for the purpose OF transact
ing the business or insurance. and to
become Incorporated under the pro-
visions or Act 1875. p. A. 1869. entitled
An act relative to the organization
and powers OF fire and marine insur-
ance companies transacting business
within this state" and the Acts amen
thereof. do hereby declare that the fol-
lowing shall be copy OF the Articles
or Association to be- adopted by us.
The names OF the petitioners. asso-
ciates and incorporates to be are as
follows:
J.. Edward Ready Monroe, Mich.
Walter w. TAFT. Detroit.
Edwin w. Abbott. Detroit.
Charles A. Bach;nann, Detroit.
James Pringle, Detroit
Dana c. Day. Detroit
Judson Broadway. Detroit
Article =.
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
In the State OF Michigan, and the tenure
OF the corporation shall he for thirty
years.
Article s.
The purpose OF the corporation shall
be as follows:
LIST. To make insurance Oh dwelling
houses, stores. and all kinds OF build
lnBS, ana 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 Board OF Directors con-
sistinG OF five members, and a quorum
or which shall be majority or the
,Har all
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
member of the said Board to be elected
for such office shall be the owner Of
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
after.
The officers OF the Company shall
consist or n President. one or more
urer. They shall be elected by the
Board of Directors after the Board shall
have been elected by the stockholders.
The President and Vice. President shall
offers may be members thereof. but
shall be stockholders. Duties OF OFF,
GERS shall be prescribed by the bylaws
70 be adopted. There may be employed
by the Board OF Directors or officers
such other persons for positions. by
contract or otherwise. and with such
titles as may be necessary to the work
OF the corporation. and the duties of
all such appointces or employees shall
be prescribed by the bylaws.
Article 5.
The amount OF the capital stock of
the corporation shall be One Hundred
Thousand Dollars. divided into Two
Thousand shares OF Fifty Dollars each,
and this amount shall be subscribed
and paid in before the commencement
The time OF holding the annual meet
ing OF the stockholders OF the corpora
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 2.
That the terms and conditions OF
membership shall be the ownership OF
one or more OF the shares OF the stock
of the generation gnIiy paid 49,
undersigned, 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. ..... day of
''''''''''J 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
sai1 County, personally appeared j.
Edward Ready, Walter w. TAFT. Edwin
w. Abbott, Charles a. Bachmann, James
Pringle. Dana c. Day. Judson Broadway.
known 10 me to De the persons named
in. and who executed the foregoing in
strument, and seVerally acknowledged
that they executed the same freely and
for the intents and purposes therein
mentioned
GEO VI. KEYES,
Notary Public.
Wayne County, Michigan.
nv commission expires Sept. Is. 1911