Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44717/
Timestamp: 2020-08-09 12:12:09
Document Index: 751079930

Matched Legal Cases: ['§ 8', '§ 9', '§ 10', '§ 11', '§ 12', '§ 13', '§ 14', '§ 15', '§ 16', '§ 1', '§ 8', '§ 9', '§ 10', '§ 11', '§ 12', '§ 13', '§ 14', '§ 15', '§ 16', '§ 1']

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182 INSURANCE   COMPANIES.
§ 8. The stock of the company shall be deemed personal property, and
shall be assignable and transferable on the books of the company; but no
stockholder, indebted to the company, shall be permitted to-make a transfer
until such debt be paid or secured.
§ 9. The board shall keep a book, in which shall be registered all its
transactions. They shall make dividends of the profits, whenever to them
shall seem advisable.
§ 10. 'The board shall be authorized to call for instalments on each share;
but no instalment shall exceed ten per cent, on a share; and in all calls, there
shall be at least thirty days notice of the same published in some newspaper
printed in the city of St. Louis.
§ 11. In all elections of directors, any number of shareholders, not less
than twenty, shall be competent to elect.
§ 12. Whenever the board of directors shall see fit, they may call a meeting of the shareholders, giving such notice as they may think proper.
§ 13. No money shall be drawn from the treasury; except upon the order
of the president, countersigned by the secretary.
§ 14. Any by-law adopted by the board of directors, may be altered at
any meeting to be called for that purpose, by any number of shareholders
owning one-fourth of the capital stock, on twenty days notice thereof being
given in some newspaper printed in the city of St. Louis, at which meeting
a majority of the votes present, shall be sufficient to make the alteration.
§ 15- Robert Simpson, Joseph C. Laveille, Daniel D. Page, Daniel Lament, Edward Tracy, Joseph Charless and George W. Call, are hereby declared and constituted a board of directors, and to continue such until superceded in the mode privided by this act.
§ 16. This act is declared to be a public act, and shall take effect upon its
Approved, Jan. 27,1837.
BOON'S LICK INSURANCE COMPANY.
AN ACT to incorporate the "Boon's Lick Marine and Fire Insurance
Company incorporated, 1
Capital stock, ib
Style, ib
Powers of company, 2
May loan money, 3
Process, how served on company, 4
Directors, election, tenure of office, &c, 6
President, election of, and duties, 6
Policies, how executed, 7
Stock, transferable, 8
Books, where and when opened, 9
Commissioners shall pay funds tp directors,       W
Premiums, 11
In case of sale of property insured, policy may
be transferred, li
Loss on policies, 13
Scire facias may issue, when, It
§ 1. There shall be, and hereby is, established in the town of Rocheport,
Boone county, an insurance company, with a capital stock of seventy-five
thousand dollars, with the privilege of increasing the same, in the manner to
be prescribed by the directors, to one hundred and fifty thousand dollars, to
be divided into shares of one hundred dollars each, to be paid for by individuals, companies or corporations, in manner hereinafter specified; which
stockholders and subscribers, and their successors, shall be, and hereby are
created a body politic and corporate, with perpetual succession, by the name
Identifier LAWS_9th_1836-1838_0182.tif
Transcript 182 INSURANCE COMPANIES. § 8. The stock of the company shall be deemed personal property, and shall be assignable and transferable on the books of the company; but no stockholder, indebted to the company, shall be permitted to-make a transfer until such debt be paid or secured. § 9. The board shall keep a book, in which shall be registered all its transactions. They shall make dividends of the profits, whenever to them shall seem advisable. § 10. 'The board shall be authorized to call for instalments on each share; but no instalment shall exceed ten per cent, on a share; and in all calls, there shall be at least thirty days notice of the same published in some newspaper printed in the city of St. Louis. § 11. In all elections of directors, any number of shareholders, not less than twenty, shall be competent to elect. § 12. Whenever the board of directors shall see fit, they may call a meeting of the shareholders, giving such notice as they may think proper. § 13. No money shall be drawn from the treasury; except upon the order of the president, countersigned by the secretary. § 14. Any by-law adopted by the board of directors, may be altered at any meeting to be called for that purpose, by any number of shareholders owning one-fourth of the capital stock, on twenty days notice thereof being given in some newspaper printed in the city of St. Louis, at which meeting a majority of the votes present, shall be sufficient to make the alteration. § 15- Robert Simpson, Joseph C. Laveille, Daniel D. Page, Daniel Lament, Edward Tracy, Joseph Charless and George W. Call, are hereby declared and constituted a board of directors, and to continue such until superceded in the mode privided by this act. § 16. This act is declared to be a public act, and shall take effect upon its passage. Approved, Jan. 27,1837. » BOON'S LICK INSURANCE COMPANY. AN ACT to incorporate the "Boon's Lick Marine and Fire Insurance Company." Section Company incorporated, 1 Capital stock, ib Style, ib Powers of company, 2 May loan money, 3 Process, how served on company, 4 Directors, election, tenure of office, &c, 6 President, election of, and duties, 6 Policies, how executed, 7 Section Stock, transferable, 8 Books, where and when opened, 9 Commissioners shall pay funds tp directors, W Premiums, 11 In case of sale of property insured, policy may be transferred, li Loss on policies, 13 Scire facias may issue, when, It Be it enacted by the General Assembly of the State of Missouri, as follows:— § 1. There shall be, and hereby is, established in the town of Rocheport, Boone county, an insurance company, with a capital stock of seventy-five thousand dollars, with the privilege of increasing the same, in the manner to be prescribed by the directors, to one hundred and fifty thousand dollars, to be divided into shares of one hundred dollars each, to be paid for by individuals, companies or corporations, in manner hereinafter specified; which stockholders and subscribers, and their successors, shall be, and hereby are created a body politic and corporate, with perpetual succession, by the name