About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

An Act to incorporate the Union Insurance Company. 1859 vol. II 506 (1859)

handle is hein.slavery/ssactsky0785 and id is 1 raw text is: LAWS OF KENTUCKY. 1860. pany to sell such delinquent shares, and transfer the same to the purchaser, or declare them forfeited to the company with all previous payments made thereon. No transfer of stock shall be valid and complete, so long as the person transferring the same shall be indebted to the said com- pany, until the amount for which he is indebted shall be secured to the satisfaction of the president and directors; and the stock of every stockholder shall be held as collat- eral security for the payment of whatever sum he may be indebted to said company by notes for stock or otherwise ; and the president a~ld directors may require of any stock- holder additional security on his unpaid stock note, if they deem said note to be unsafe; and in case of failure to com- ply with such requisition, said stock may be sold or forfeited to the company. § 11. That the president, secretary, and directors for the Officers to be time being shall have power to appoint such officers and appointed, agents under them as shall be necessary for executing the business of said company, and to allow such compensation as may be agreed upon, and require bond and security for the discharge of their respective duties and trusts. § 12. All policies of insurance or other contracts author- Contracts to ized by this act, which shall be made and entered into by be subscribed by president& the said corporation, may be with or without the seal secretary, thereof, and shall be subscribed by the president and attest- 4d by the secretary, and may be so signed and attested without the presence of the board of directors. § 13. That whenever said corporation shall be notified When losses of any loss sustained or incurred on any policy of insurance tobepaid. granted or issued by the same, it shall be the duty of said corporation to pay the amount so lost or incurred on such policy within sixty days after notice and protest and proof of said loss: Provided, There shall have been no violation of the conditions of the policy on the part of the insured. Approved March 1, 1860. CHAPTER 849. AN ACT to incorporate the Union Insurance Company.. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § .1. That D. S. Benedict, A. A. Gordon, R. Atkinson, Corporators' Thos. H. Hunt, Ben. J. Adams, and Thos. E. Wilson, to- names and cor- porate powers. gether with their associates, successors, and assigns, be, and they are hereby, ereated and made a corporation and body politic, under the name and style of the Union In- surance Company, of Louisville, and shall continue until the first day of January, one thousand eight hundred and

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most