Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44751/
Timestamp: 2019-09-22 06:42:16
Document Index: 638635799

Matched Legal Cases: ['§ 5', '§ 6', '§ 1', '§ 2', '§ 3', '§ 5', '§ 6', '§ 1', '§ 2', '§ 3']

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216 INSURANSE COMPANIES.
§ 5. The officers shall be a president and six directors, who shall be chosen from among the stockholders, shall hold their places one year, and till
successors are chosen and qualified; and who shall have power to appoint,
secretary and other needful agents, and to direct, manage and control the
business of the company. The first election shall be held for the choice of
officers within ten days after the capital stock shall have been subscribed
and shall have been divided among the subscribers by the commissioners'
aforenamed. The president and directors shall be individually responsible
in case of the inability or failure ofthe company, for the repayment of all
moneys put in their hands for safe keeping or for temporary investment.
§ 6. This company shallbe subject to the same liabilities as the Farmers
UNION INSURANCE COMPANY. '' '/
AN ACT lo incorporate the Union Insurance Company ofthe City of St.
Style and powers,
Policies, how made,
Directors, election of,
Be it enacted by the General Assembly of the State oe Missouri, as follow.
§ 1. An insurance company shall be established in the city of St. Louis,
with a capital of one hundred thousand dollars, which may be increased at
the will of the stockholders owning a majority of the stock, from time to
time, to any amount not exceeding five 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. William Hempsted, Zeba Holt, Augustus Kerr, Edward Walsh,
Theodore L. McGill, J. G. Lindell, and Daniel D. Page, or any three of
them, be, and they are hereby constituted commissioners to open books of
subscription in said city, for the capital stock of said company, on the second
Monday of February next, and keep them open everyday from ten o'clock
A. M., to two o'clock, P. M.; for the space often days, or until all the stock
be subscribed for, when they shall be closed; and within a reasonable time
thereafter, the subscribers shall meet and choose their directors, the commissioners first giving at least ten days notice in one or more newspapers
published in the city of St. Louis, of the time and place of such meeting.
§ 3. The subscribers for the stock of said company, their associates, successors and assigns, shallbe, and they are hereby created and declared a body
corporate and politic, by the name and style of "the Union Insurance Company," and shail so continue for thirty years; and by that name, they and
their successors shall have perpetual succession, and shall, and are hereby
made capable in law of buying, receiving, and possessing property of every
kind, and the same to sell or otherwise dispose of; 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,
Identifier LAWS_9th_1836-1838_0216.tif
Transcript 216 INSURANSE COMPANIES. § 5. The officers shall be a president and six directors, who shall be chosen from among the stockholders, shall hold their places one year, and till successors are chosen and qualified; and who shall have power to appoint, secretary and other needful agents, and to direct, manage and control the business of the company. The first election shall be held for the choice of officers within ten days after the capital stock shall have been subscribed and shall have been divided among the subscribers by the commissioners' aforenamed. The president and directors shall be individually responsible in case of the inability or failure ofthe company, for the repayment of all moneys put in their hands for safe keeping or for temporary investment. § 6. This company shallbe subject to the same liabilities as the Farmers and Mechanics' Insurance Company of St. Louis. Approved, Feb. 4,1837. UNION INSURANCE COMPANY. '' '/ AN ACT lo incorporate the Union Insurance Company ofthe City of St. Louis. Section Section Capital, 1 Stock transferable, Books for subscription, a Quorum, Company incorporated, 3 Powers of board, Style and powers, , ib Of company, Further powers, 4 Policies, how made, Directors, election of, 6 Payment of stock, President, 6 Meetings of board, Be it enacted by the General Assembly of the State oe Missouri, as follow. § 1. An insurance company shall be established in the city of St. Louis, with a capital of one hundred thousand dollars, which may be increased at the will of the stockholders owning a majority of the stock, from time to time, to any amount not exceeding five 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. William Hempsted, Zeba Holt, Augustus Kerr, Edward Walsh, Theodore L. McGill, J. G. Lindell, and Daniel D. Page, or any three of them, be, and they are hereby constituted commissioners to open books of subscription in said city, for the capital stock of said company, on the second Monday of February next, and keep them open everyday from ten o'clock A. M., to two o'clock, P. M.; for the space often days, or until all the stock be subscribed for, when they shall be closed; and within a reasonable time thereafter, the subscribers shall meet and choose their directors, the commissioners first giving at least ten days notice in one or more newspapers published in the city of St. Louis, of the time and place of such meeting. § 3. The subscribers for the stock of said company, their associates, successors and assigns, shallbe, and they are hereby created and declared a body corporate and politic, by the name and style of "the Union Insurance Company," and shail so continue for thirty years; and by that name, they and their successors shall have perpetual succession, and shall, and are hereby made capable in law of buying, receiving, and possessing property of every kind, and the same to sell or otherwise dispose of; 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,