The Chicago whip. (Chicago, Ill.) 1919-19??, 1927-11-05
INSURANCE COMPANY
ANNOUNCES AUTHOR
ITYFROM STATE BOARD

State of Illinois. Department Of Trade and
Commerce Division of Insurance, Springfield,
Illinois, October Is, 1927.
l, the undersigned, Director of Trade and
Commerce Of the State Of Illinois do hereby
certify that the annexed instrument is
full, true and correct copy of Certificate OF
Approval and Declaration of Incorporation
and Proposed Charter and Certificate of At
torney General of United Insurance Com
pany, Chicago. Illinois, now on file in and
forming a part of the records, of this de-
partment. In Testimony Whereof I hereto
subscribe my name and afix the Seal Of
my Office, at Springfield the day and year.
first above written. H. U. Bailey, Director
Of Trade and Commerce. Attest: George
Huskinson. Superintendent Of Insurance
(SEAL)
State of Illinois, Department Of Trade and
Commerce. Division of Insurance, Spring
field, Illinois, October 18th, 1927. J, H. U.
Bailey, Director of Trade and Commerce Of
the State Of Illinois, hereby certify that
have this day examined the Declaration of
Incorporation and proposed Charter present
Illinois, and find the same to be in accord
ance with the provisions Of the act named
in said Declaration. and not inconsistent
with the laws or Constitution Of the State
of Illinois or of the United States. In Tes-
timony Whereof, I hereto subscribe my
name, and afix the Seal of my office, at
Springie the day and year first above
written. (SeaD. H. U. Bailey, Director OF
Trade and Commerce. Attest: George Hus-
kinson, Superintendent of Insurance. Wit
ness: T. Loyal Anderson.
United States Of America, State Of Illinois.
Office of the Attorney General. 10 Honor
able H. u. Bailey, Director, Department OF
1. Oscar E. CarlstroTn, Attorney General Of
the State of Illinois, pursuant to section l5
of an act entitled An Act 10 organize and
regulate the business OF lie insurance,
approved March 20, 1863, in force July l.
1869 and the acts amendatory thereto, do
hereby certify that l have examined the
Declaration of Intention and Articles OF Or
ganization Of the United Insurance Company
located at Chicago, Illinois, and ind same 10
b., in accordance with this act, and not in
consistent with the laws and constitution
of this Stats and of the Omitted States. In
Testimony Whereof. hereto set my hand'
Done ut the city of Springfield. this 1Zth
day Of October A. d. 1927. Oscar L. Carl
strom, Attorney General. To the Honorable
H. u. Bailey. Director Of Trade and Com
merce. and Honorable George Husklnson,
Superintendent Of Insurance. State OF Hi
nois. Springfield, Illinois. We. the under
signed ccrporators, (majority of whom
citizens of the State Of Illinois) do hereby
declare and express our intention 70 organ
ze and incorporate company TO make IN
surance upon lives of persons ana every
insurance pertaining thereto or connected
Herewith and to grant and dispose OF an
nuities, pursuant to the provisions OF An
Act to organize and regulate the business
of Life Insurance, approved M~rch Zoth'
1869 in force July LIST, 1863, and the Acts
amendatory thereto. We propose to and DO
hereby adopt the following charter Tor the
said corporation: Article l. The name OF the
corporation shall be; United insurance Com
pany. Article 2. The principal office OF the
Company shall be located in the city Of
Chicago. Article 8. The object of the cor
poration shall be: To make contracts OF IN
surance and to reinsure or accept reinsu
ance en any portion thereof, for the kind OF
insurance as follows: Upon the lives OF IN
dividuals, and every insurance pertaining
thereto, or connected Herewith, and TO
grant. sell and dispose of annuities and en-
dowments. The company. desires 70 avall
itself Of the provisions of an act, entitled
IAN Act relating to the business OF Lie
Insurance. approved March &c, 1853, in
force July !, 1869, and the Acts amendatory
thereto. Article 4. The Capital stock Of the
corporation shall be One Hundred Thousand
Dollars. (s100,000.) divided into four thou
sand $4,000 shares of a par value OF
twenty-five t$25.00) dollars per share. Inc
Company shall be conducted on the stock
plan. Article 5. The annual meeting of the
stockholders shall be held such day of
each year as shall be fixed by the bylaws
Article s. The corporate powers Of the Com-
pany shall be exercised by Board OF d.
rectors of not less than five nor more than
nine. and the number to be elected from
time to time to be fixed by majority vote
of the stockholders of he Company Until
such time as the number of Directors is
changed by majority vote Of the STOCK
holders Of the Company, the Board OF Dl-
rectors shall consist Of seven members Inc
regular term of Director shall be three
y~~rs. ard until successor is duly elected
and qualified, provided, however, that tne
l..st lcoard OF Directors shall be elected at
the first meeting of the stockholders held
after the completion Of the organization OF
the Company, two Directors to be elected Tor
terms expiring Mt the annual meeting, 1879,
two for terms expiring at the annual meet
ing in 1880. three for terms expiring at the
annual meeting of 1881. A majority Of the
Directors and Officers shall be citizens of
the State Of Illinois at the time Of their
election.
In al the elections for Directors elected
by the stockholders every stockholder shall
have a right to vote in person or by proxy
for the number of shares owned by the
holder for as many perso ns as there are
Directors TO be elected or to cumulate such
votes as the number Of Directors multiplied
by the number of shares of stock equal, or
to distribute them the same principle
among as many candidates as the holder
shall think fit. Vacancies in the Board of
Directors shall be filled by the stockholders
at a meeting specially called for that pur-
pose or at annual meeting of the stock
holders. The directors shall have power to
adopt and amend bylaws for the company
not inconsistent with the charter pro-
visions Of law pertaining to this Company.
At any stockholders meeting, majority of
the stock represented either in person or
by proxy, shall constitute quorum for the
transaction of business, provided that in
case there shall be less than quorum pres
ent at any meeting those present may adj
journ the meeting from time to time until
a quorum is attained or may adjourn sine
die Article Z. The Officers Of the Company
shall be such as may be provided by the
bylaws. The Board of Directors shall have
power to elect such Officers for such terms
and with such powers and duties may
be determined from time to time as may
be provided by the bylaws of the Company.
Article 8. All dividends on the Capital Stock
shall be paid from the surplus of the Com
pany and such dividends shall be declared
at the direction of the Board of Directors.
Article 8. The term of existence of the cor
poration shall be perpetual. In Witness
whereof we have signed this declaration and
the City of Chicago. County of Cook, State
of Illinois. Signed: O. T. Hogan, A. d. john
son. J. N. Ely, E. G. Ellefson, G. W. Van
Fleet, S. j. Russell. M. D.. G. Blair Hiser,
Martin G, Gittleson, Frank M. Preschern
The address Of each Of the incorpoTators
is 2121 South Michigan Ave, Chicago, III.