Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/46372/
Timestamp: 2020-07-10 13:34:04
Document Index: 487456880

Matched Legal Cases: ['§ 1', '§ 2', '§ 3', '§ 1', '§ 2', '§ 3', '§ 4']

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MISSOURI. "' 63'-
AN ACT to incorporate the Missouri Mutual Insurance company of Si. Louis.
Sec. 1. Company established; style, location and capital thereof.
3. Company incorporated, pvivil'eges of incorporation granted.
4. Stock subscribed, when and how paid.
6. Business of the company to be manged by directors.
ib. Election of directors, when and how conducted.
7. President thereof to be chosen, and how,
' 9. Stock declared personalty, and fcransferra'ble.
10. Company may hold real estate, how and when,
11.. Policies of insurance how executed ;  effect thereof.
12. Stock to be divided, in case of excess subscribed.
13. This act declared public, constncdon thereof,
ib.    Date of effect and duration of the same.
§ 1. That an insurance company to be called "the Missouri Mutual Insurance Company," shall be established in the City of St. Louis, with a.capital stock
stockholders, to any amount not exceeding four hundred thousand dollars, divided, into shares of one hundred dollars each, to be subscribed and paid for by
individuals, companies or corporations, in the manner hereinafter specified.
§ 2. Nathan Ranncy, Samuel Merry, Elkanah English, Trusten Polk, Joshua Stanford, Cornelius Campbell, A. Annan, John Whitehill and Green Er-
skin, or any three of them, be, and they are hereby authorised to open books of
subscription in said city, for the capital stock of said company, on the first Monday in April next, and keep them open every day from ten o'clock A. M., till
four o'clock P. M. for the space of six days, when the same shall be closed.
If within the said six days, five hundred shares shall have been subscribed for, it
shall be lawful for the subscribers to meet, after fifteen days notice, in the public prints, of the time and place of meeting shall have been given, and choose
their directors, who may, at any time after ten days public notice given, cause
the subscription books to be opened, and continue open until the whole amount
of said stock shall have been taken.
§ 3. The. subscribers for the stock of the company aforesaid, their associates, sucessors and assigns, shall be, and they are hereby ordained, constituted
and declared a body corporate and politic, by the name and style of "the Missouri Mutual Insurance company of St. Louis," and by that name they and their
successors shall have perpetual succession, and shall be capable in law of contracting and being contracted with, of suing and being sued, of impleading and.
being impleaded, of answering and being answered unto, of defending and being defended against, in all courts and places whatever, in all manner of actions, suits, complaints, and causes; and they and their successors may have and
say. at the time of subscribing there shall be paid, on each share, one dollar, after the election of directors, and before the company shall go into operation,
there shall be paid, upon each share, ten dollars; and the balance upon each share,
Identifier LAWS_10th_1838-1839_0063.tif
Transcript MISSOURI. "' 63'- MISSOURI MUTUAL INSURANCE COMPANY OF ST. LOUIS. AN ACT to incorporate the Missouri Mutual Insurance company of Si. Louis. Sec. 1. Company established; style, location and capital thereof. 2. Commissioners appointed to open books of subscription. 3. Company incorporated, pvivil'eges of incorporation granted. 4. Stock subscribed, when and how paid. 5. Powers and rights of the company. 6. Business of the company to be manged by directors. ib. Election of directors, when and how conducted. 7. President thereof to be chosen, and how, 8. Powers of the directors. ' 9. Stock declared personalty, and fcransferra'ble. 10. Company may hold real estate, how and when, ib. Liabilities in certain cases, prescribed. 11.. Policies of insurance how executed ; effect thereof. 12. Stock to be divided, in case of excess subscribed. 13. This act declared public, constncdon thereof, ib. Date of effect and duration of the same. 14. Power of company, after expiration of its charter. Be it enacted by the General Assembly of the State of Missouri, as follows: § 1. That an insurance company to be called "the Missouri Mutual Insurance Company," shall be established in the City of St. Louis, with a.capital stock of one hundred thousand dollars, which may be increased at the will of the stockholders, to any amount not exceeding four hundred thousand dollars, divided, into shares of one hundred dollars each, to be subscribed and paid for by individuals, companies or corporations, in the manner hereinafter specified. § 2. Nathan Ranncy, Samuel Merry, Elkanah English, Trusten Polk, Joshua Stanford, Cornelius Campbell, A. Annan, John Whitehill and Green Er- skin, or any three of them, be, and they are hereby authorised to open books of subscription in said city, for the capital stock of said company, on the first Monday in April next, and keep them open every day from ten o'clock A. M., till four o'clock P. M. for the space of six days, when the same shall be closed. If within the said six days, five hundred shares shall have been subscribed for, it shall be lawful for the subscribers to meet, after fifteen days notice, in the public prints, of the time and place of meeting shall have been given, and choose their directors, who may, at any time after ten days public notice given, cause the subscription books to be opened, and continue open until the whole amount of said stock shall have been taken. § 3. The. subscribers for the stock of the company aforesaid, their associates, sucessors and assigns, shall be, and they are hereby ordained, constituted and declared a body corporate and politic, by the name and style of "the Missouri Mutual Insurance company of St. Louis," and by that name they and their successors shall have perpetual succession, and shall be capable in law of contracting and being contracted with, of suing and being sued, of impleading and. being impleaded, of answering and being answered unto, of defending and being defended against, in all courts and places whatever, in all manner of actions, suits, complaints, and causes; and they and their successors may have and use a common seal. § 4. The payment of the stock subscribed shall be made and completed by the subscribers, respectively, at the time and in the manner following, that is to say. at the time of subscribing there shall be paid, on each share, one dollar, after the election of directors, and before the company shall go into operation, there shall be paid, upon each share, ten dollars; and the balance upon each share, shall be subject to the call of the director. And the said company shall not be