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Special Acts & Resolves

Special Acts & Resolves


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1852. Excerpt: ... the premium of insurance, at the discretion of the board of directors of said company, and may require such other or further security for such note or notes, or the payment thereof, as shall be deemed expedient for the better security of said corporation. Sec. 9. All policies of insurance which shall be made by this company, in pursuance of this act, may be made on such terms and conditions, and for such period or periods of time, and confined to such property and risks, authorized by this act to be taken and insured, as shall from time to time be ordered and directed by the board of directors of said company or the by-laws thereof: and if at any time there shall be a just claim on this company for losses sustained, to a greater amount than they have funds on hand to discharge, in such case the directors for the time being, shall immediately assess such deficiency in a suitable proportion on all persons, or their representatives, who are indebted by note or other obligations to this company, given or furnished toward the guarantee capital or fund hereinafter authorized to be raised, according to the amount of each note or obligation; (provided that such assessments shall not exceed the amount of the aforesaid notes or other obligations or securities respectively;) of which assessment, . written or printed notice shall be given to each person so assessed as aforesaid, which notice shall be signed by the secretary of said corporation, and shall state the amount required to be paid by the person or persons so assessed and notified. Each and every person or his or their legal representatives, so assessed and notified, shall pay such assessment to said corporation within thirty days after said notification, and in default thereof, shall forfeit all right and cl..


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Product Details
  • ISBN-13: 9781458852946
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 48
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1458852946
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 104 gr

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