- Title
- Laws of the State of North Carolina, passed by the General Assembly [1842-1843]
-
-
- Date
- 1842 - 1843
-
-
- Creator
- ["North Carolina."]
-
- Place
- ["North Carolina, United States"]
-
Laws of the State of North Carolina, passed by the General Assembly [1842-1843]
Hits:
(0)
























CORPORATIONS.
1S42-3
ОПАР.
XXIV.
An act to incorporate a Mutual Insurance Company in the
State of North Carolina.
Sec. 1. Beit enacted by the General Assembly of the State
of North Carolina, and it is hereby enacted by the. authority of
the same, That George W. Mordecai, Richard Smith, William
eorporated. Peace, Thomas boring-. Win. C, Tucker, Sylvester Smith,
John Primrose. Albert Stith, of Raleigh; Samuel Simpson of
New ben; Edward J. Hale, of Fayetteville: Henry K. Nash, of
Hillsborough; Peter R. Davis of Warrenton, and Smith Pat¬
terson of Franklin county, and all other persons, who may
hereafter associate with them in the manner herein prescribed,
shall be a corporation by the name of the North Carolina Mu¬
tual Insurance Company, for the purpose of insuring their
respective dwelling houses, stores, shops and other buildings,
household furniture, merchandize and other property, against
loss or damage by fire.
Sec. 2. Be it further enacted, That all persons rvho shall he re¬
altor insure with the said corporation, and also their heirs,
"become" executors, admin istratois, and theirassigns, continuing to be
member», insured in said corporation as hereinafter provided, shall there¬
by become members thereof, during the period they shall re¬
main insured by said corporation, and no longer.
Sec. 3. Beit further enacted, That the affairs of saicl Conr
BcarJ to pany shall be managed by a board of Directors consisting of
manage af“ thirteen members as hereinafter provided; all vacancies hap¬
pening in said board may be filled by the remaining Directors
for the remainder of the year, or time for which they were
elected, and a majority of the whole shall constitute a quo¬
rum for the transaction of business.
Select what you would like to download. If choosing to download an image, please select the file format you wish to download.
The Original File option allows download of the source file (including any features or enhancements included in the original file) and may take several minutes.
Certain download types may have been restricted by the site administrator.