IMAGE EVALUATION 
 TEST TARGET (MT-3) 
 
 
 
 1.0 
 
 I.I 
 
 
 12.2 
 2.0 
 
 1.8 
 
 
 1.25 1.4 
 
 1.6 
 
 
 ^ 
 
 6" - 
 
 
 ► 
 
 Photographic 
 
 Sciences 
 Corporation 
 
 23 WEST MAIN STREET 
 
 WEBSTER, N.Y. 14580 
 
 (716) 872-4503 
 
s ^ 
 
 Si 
 
 U.x 
 
 6 
 
 ^ 
 
 CIHM/ICMH 
 
 Microfiche 
 
 Series. 
 
 CIHM/ICMH 
 Collection de 
 microfiches. 
 
 Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques 
 
Technical and Bibliographic Notes/Notes techniques et bibliographiques 
 
 The Institute has attempted to obtain the bast 
 original copy available for filming. Features of this 
 copy which may be bibliographically unique, 
 which may alter any of the images In tha 
 reproduction, or which may significantly change 
 the usual method of filming, are checked below. 
 
 □ Coloured covers/ 
 Couverture de couieur 
 
 n~| Covers damaged/ 
 
 D 
 
 a 
 
 n 
 
 Couverture endommagie 
 
 Covers restored and/or laminated/ 
 Couverture restaur^ et/ou peilicuMe 
 
 □ Cover title missing/ 
 Ls 
 
 D 
 
 titre de couverture manque 
 
 Coloured maps/ 
 
 Cartes giographiqnes en coulaur 
 
 Coloured ink (i.e. other than blue or black)/ 
 Encre de couieur (i.e. autre que bleue ou noire) 
 
 Coloured plates and/or illustrations/ 
 Planches et/ou illustrations en couieur 
 
 Bound with other material/ 
 Reli4 avec d'autres documents 
 
 Tight binding may cause shadows or distortion 
 along interior margin/ 
 
 La re liure serrie peut causer de I'ombre ou de la 
 distorsion le long da la marge int^rieuro 
 
 Blank leaves added during restoration may 
 appear within the text. Whenever possible, these 
 have been omitted from filming/ 
 II se peut que certaines pages blanches ajouties 
 lors d'une restauration apparaissent dans le texte. 
 mais, lorsque cela Atait possible, ces pages n'ont 
 pas 6xi filmtes. 
 
 Additional comments:/ 
 Commentaires suppl^mentaires; 
 
 L'Institut a microfilm^ le meilleur exemplaire 
 qu'il lui a iti possible de se procurer. Les details 
 de cet exemplaire qui sont peut-dtre uniques du 
 point de vue bibliographique, qui peuvent modifier 
 une image reproduite, ou qui peuvent exiger une 
 modification dans la methods normale de filmage 
 sont indiquAs ci-dessous. 
 
 □ Coloured pages/ 
 Pages da couieur 
 
 □ Pages damaged/ 
 Pages endommagies 
 
 r~n Pages restored and/or laminated/ 
 
 n 
 
 Pages restauries et/ou pelliculdes 
 
 Pages discoloured, stainnd or foxe< 
 Pages dicolor^es, tacheties ou piquees 
 
 Pages detached/ 
 Pages ditachies 
 
 Showthrough/ 
 Transparence 
 
 Quality of prir 
 
 Qualiti inigale de I'impression 
 
 Includes supplementary materia 
 Comprend du materiel suppl^mentaire 
 
 r~7 Pages discoloured, stainnd or foxed/ 
 
 I I Pages detached/ 
 
 r~7 Showthrough/ 
 
 I I Quality of print varies/ 
 
 r~~| Includes supplementary material/ 
 
 □ Only edition available/ 
 Seule Mition disponible 
 
 Pages wholly or partially obscured by errata 
 slips, tissues, etc., have been ref limed to 
 ensure the best possible image/ 
 Les pages totatement ou partiellement 
 obscurcies par un feuillet d'errata, une pelure, 
 etc., ont M filmies A nouveau de facon d 
 obtenir la meilleure image possible. 
 
 This item is filmed at the reduction ratio checked below/ 
 
 Ce document est film^ au taux de reduction indiqui ci-dessous. 
 
 10X 
 
 
 
 
 14X 
 
 
 
 
 18X 
 
 
 
 
 22X 
 
 
 
 
 26X 
 
 
 
 
 30X 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 J 
 
 
 
 
 
 
 
 
 
 
 
 
 12X 
 
 16X 
 
 20X 
 
 24X 
 
 28X 
 
 32X 
 
"^881^ 
 
 itails 
 I du 
 odifier 
 ' une 
 mage 
 
 Th« copy filmed har« haa baan raproduead thanka 
 to tha ganaroaity of: 
 
 New Brunswick Museum 
 Saint Jolin 
 
 Tha imagaa appaaring hara ara tha baat quality 
 poaaibia conaidaring tha condition and lagibility 
 of tha original copy and in Icaaping with tha 
 filming contract spacificationa. 
 
 L'axamplaira filmA fut raproduit grica A la 
 giniroaiti da: 
 
 New Brunswick i^Museum 
 Saint John 
 
 Laa imagaa auivantaa ont Ati raproduitaa avac la 
 plua grand soin, compta tanu da la condition at 
 da la nattat* da l'axamplaira film4. at an 
 conformitA avac laa conditiona du contrat da 
 filmaga. 
 
 Original copiaa in printad papar covara ara fiimad 
 beginning with tha front covar and anding on 
 tha last paga with a printad or llluatratad impraa* 
 sion, or tha bacic covar whan appropriate. All 
 othar original copiaa ara fiimad beginning on the 
 first page with a printad or llluatratad imprea- 
 sion, and anding on the laat page with a printad 
 or illustrated impreaaion. 
 
 Laa axemplairaa originaux dont la couverture 9n 
 papier eat imprim^e sont filmis an commenpant 
 par la premier plat at en terminant soit par la 
 darni^re page qui comporte une amprainta 
 d'impreaaion ou d'illuatration, soit par la second 
 plat, seion le caa. Toua laa autrea axampiairas 
 originaux sont filmte an commonpant par la 
 premiere page qui comporte une amprainta 
 dimpreaaion ou d'illuatration at an terminant par 
 la darnlAre page qui comporte une telle 
 empreinte. 
 
 The laat recorded frame on each microfiche 
 shall contain the symbol «<» (meaning "CON* 
 TINUED"). or the symbol ▼ (meaning "END"), 
 whichever appliea. 
 
 Un dee symbolea suivanta apparaitra sur la 
 damiire image de cheque microfiche, selon I 
 caa: le symbole -^ signifie "A SUIVRE". le 
 symbole V signifie "FIN". 
 
 Mapa, platea. charts, etc.. mey be filmed at 
 different reduction ratioa. Thoae too large to be 
 entirely included in one expoaure are filmed 
 beginning in the upper left hand comer, left to 
 right and top to bottom, aa many framea aa 
 required. The following diagrama iliuatrate the 
 method: 
 
 Lee cartee. planchea, tableaux, ate, pauvent dtre 
 flimte A das taux de reduction diffirents. 
 Loraque le document eat trop grand pour dtra 
 raproduit en un saul cliche, il est film* A partir 
 de Tangle sup^rieur gauche, de gauche i droite, 
 et de haut an baa, an prenant le nombre 
 d'imegea nicaaaaira. Lea dia^rammes suivants 
 iiluatrent la m^thode. 
 
 rrata 
 jto 
 
 pelure. 
 
 32X 
 
 1 2 3 
 
 1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
m 
 
 ^ 
 
 ' w ■ 
 
 ^ *■ 
 
 
 
 ^ii^ 
 
 
 # =* 
 
 4' 
 
 yvtV 
 
 DRAFT OF EULES AND REGULATIONS, 
 
 PRESENTED Bt 
 
 « 
 
 COMMITTEE ON AMENDMENTS. 
 
 » »«» t 
 
 APRIL 30th, 1868. 
 
 ■« »»» I * « 
 
 NAME. 
 
 CHAP. I. • 
 
 Section 1. — For the convenience and fecility of management, 
 the Association shall be called and known by the name of the 
 " Society of Underwriters" for the City of Saint John. 
 
 Section 2. — It is most distinctly understood and agreed xipon 
 by the members of this Society, that nothing in these regulations, 
 nor the associating together, shall be consiraed or taken to mean, in 
 any degree, that there exists a partnership, or that the members 
 are co-partners in any degree whatsoever! these Rules and Regu- 
 lations being adopted for the purposes only of economy, and having 
 uni^brmity between the several membersMtf itbis Society in the mode 
 of conducting Insurance business, fixing rates of premiums, &c., Ac. 
 
 Section 3. — Each member shall be individually liable for the 
 amount or amounts that he shall from time to time, either by his 
 own proper signature, or by his attorney, underwrite, or any policy 
 or policies, at : premiums that may be received or earned shall 
 appear to liis . /idual credit on the books of the Society. 
 
 MEETINGS. 
 
 CHAP. II. 
 
 Section 1. — The regular Meetings of the members of the So- 
 ciety shall be held Quarterly, viz : — On the last days of January, 
 April, July, and October, in each year, at the Office of the Secre- 
 tary, between the hours of 10. a. m., and 8, p. M. In case the 
 last day of any of these miith^ should fall onSiinday, then the 
 meeting to be held on the following Mon lay. 
 
 1 
 
 likiSii^ia 
 
2 
 
 Section 2. — Special meetings shall be called at any time by 
 the Secretary, as follows : — 
 
 On a requisition signed by not less than five members, requiring 
 such Meeting to be convened, and such requisition to state the ob- 
 ject of calling such Meeting ; 
 
 Or, By the direction of the Chairman, at any Quarterly Meet- 
 ing being authorised so to do by a resolution passed at such Meeting. 
 
 Ot\ In all cases where a protest against the payment of a claim 
 be handed in as hereinafter mention in Chapter III., Section 4 ; 
 except when a regular Meeting will take place within ten days after 
 such protest shall have been handed in ; 
 
 Or, By direction of the Quarterly Committee. 
 
 Section 3. — Notice in writing of such Special Meeting shall 
 be given by the Secretary to each member, at least twenty-lour 
 hours previous to the time of Meeting, and such notice shall also 
 specify the particular business for which the meeting is called. 
 
 Skction 4. — That at a Special Meeting no other business shall 
 be transuctcd than that specified in the notice. 
 
 Section 5. — At each quarterly or special Meeting a Chairman 
 shall bo appointed, and all members shall be eligible therefor; 
 except members of the Quarterly Committee, and Committee of 
 Audit. 
 
 Section 6. — The order of business at Quarterly Meetings shall 
 be as follows:- - 
 
 Appointment of Chairman. 
 
 Beading minutes of previous Meetings. 
 
 Report of Quarterly Committee. 
 
 Report of Secretary and Committee of Audit. 
 
 Reports of other Committees. 
 
 6. Proposals for Memberships. 
 
 7. Election of Members. 
 
 8. Election of Quarterly Committee. 
 
 9. Election of Committee of Audit. 
 
 10. Election of Secretary. 
 
 11. Deferred Business. 
 
 12. General Business, &c., &c. 
 
 Section 7. — Ten members shall constitute a quorum for the 
 transaction of business at Quarterly and Special Meetings. 
 
 Section 8. — Each member shall have one vote, and all ques- 
 tions shall be decided (unless otherwise providal for) by a majority 
 of members present, or represented by proxy. 
 
 i 
 
 I 
 
timo hy 
 
 MANAGEMENT. 
 
 CHAP. III. 
 
 Section 1. — A.t every Quarterly Meeting there slinll be elect- 
 ed, by ballot, a Committee of five members, who shall have general 
 superintendence and management of the affairs and business of thi.s 
 Society, iu conformity with these Rules and Regulations. 
 
 Section 2. — The Committee, or any two thereof, shall have 
 power to mark the rates of premiums on applications for Insurance, 
 and decline such risks as they may think proper, but no member 
 of the Committee shall mark the rate of premium, or authorize any 
 risk to be taken, or any application for Insurance where he is the 
 applicant, or interested therein. 
 
 Section C. — The Committee shall have poAvcr to effect re-insu- 
 rance on any policy or policies of insurance signed by members of 
 this Society, or their attorney, in such cases where they may deem 
 it for the interest of the insurers to have such re-insurance effected. 
 
 Section 4. — The Committee shall have power to make orders 
 for payment of all claims for losses, and effect compromises for 
 claims for loss in accordance with the terms of the policy or policies ; 
 unless a Avritten notice protesting agiiinst the same, signed by not 
 less than five members Avho shall bo uadcrwritors on such jwlicy or 
 policies bo given to the Secretary within ten days after such claim 
 or claims shall have been allowe<l by llio Comiuittcc, Avhen such 
 claim or claims shall be submitted to the decision of a majority of 
 members present, or by proxy, at a ([uarterly or special meeting, 
 which decision shall be binding on all the members or underwriters 
 interested therein. 
 
 Section 5. — The Committee shall sec that all premiums re- 
 ceived for Insurance, and all monies belonging to the members of 
 tiiis Society, either in cash or note.,, be deposited in one of the 
 incorporated Banks iu this City, in the name of the Society, and 
 which shall not bo withdrawn in any case except by check or order 
 signed by the Secretary, and countersigned by two members of the 
 Commitloe. 
 
 Si:cTrON 6. — The Committee sliall appoint their own Chairman, 
 and in case of death, resignation, or an ubsi'iico of any member of 
 the Committee of more than thirtv davs from the Citv. shall fill 
 the vacancy. 
 
Suction 7. — At each quarterly meeting there shall also Ijc elect- 
 ed, by ballot, three members to audit the accounts of the Secretary 
 prior to being submitted to the Quarterly Meeting. No member of 
 the Quarterly Committee shall be eligible for election. 
 
 Section 8. — The Committee shall have absolute control over 
 all the financial operations of the Society, and all notes, monies, 
 funds, and other properties of the Society shall be subject to their 
 disposal ; but they shall have no authority to declare any dividend 
 before the risks shall have been determined, and all losses and 
 claims settled in each year, except by a unanimous vote of the Com- 
 mittee for the time boint;. 
 
 SECRETARY. 
 
 CHAP. IV. 
 
 Section 1. — The Secretary shall be elected annually, by bal- 
 lot, at the Q':.arterly Meeting in January, and no member of this 
 Society shall be eligible therefor. 
 
 Section 2. — Notice of the appointment or election of a Secre- 
 tary shall be published in two or more newspapers printed in the 
 City of St. John, at least three weeks successively after the meet- 
 ing at which such appointment or election was made. 
 
 Section 3. — In case of the sickness, death, resignation, or 
 absence from the City, of the Secretary, without leave of the 
 Quarterly Committee, they shall appoint a person to act pro tem- 
 pore, until a special meeting shall be called for the election of a 
 new Secretary as soon after as possible. 
 
 Section 4. — The Secretary shall not be absent from the City 
 without the consent of the Quarterly Committee, and before leav- 
 ing he shall appoint a substitute, pursuant to the power given him 
 by his letters of attorney ; but such substitute shall have no 
 authority to act, or sign policies, until he shall have been approvei] 
 by the Quarterly Committee. 
 
 Section 5. — It shall be the duty of the Secretary to receive all 
 applications for insurance, submit the same to the Quarterly Com- 
 mittee, and, when the risk shall have been approved, and the rate of 
 premium marked, mnkv i>nt and execute as Attorney, and attest as 
 Broker, all policie.* d' insuranoir keep the books and accounts, 
 
 »ji?.v«;.'»s-.aocsi^„,.^j.^^ 
 
 ^V'Si-sfc"^.'.^ :*v^ =li•^:,^S^'$,:;>^;^,,^-aii^iS*ii*^sl^,^ 
 
5 
 
 Icct- 
 tary 
 er ot 
 
 ;om- 
 
 transact the business, ami conduct tlie correspondeucc of the So- 
 ciety, under the direction of the Quarterly Cointnittcp, and shall 
 also, on the election of any person to he a nicinbor of this Society, 
 notify him thereof, and furnish him with a copy of the Rules. 
 
 Section 6. — The Secretary shall prior to each Quarterly Meet- 
 ing, make a correct statement up to the fifteenth days of January, 
 April, July, and October respectively, of the affiiii-s and business 
 of the Society, which statement shall s[)Ocify the aj^j^regate amount 
 of the notes taken, premiums earned, losses pai(l or incurred at 
 that date, and after it shall have been audited by the Conunittee 
 of Audit, submit the same to the Quarterly Meeting. 
 
 Section 7. — That at the quarterly meeting in January the 
 Secretary shall submit a general reix>rt of the business oi the 
 past year, containing an addition to a summary of the quarterly 
 statements, an account of the expenses and disbursements of tlu; 
 Society, and the amount of the funds, Ciish. notes, and property of 
 the Society, and also furnish to eacii member Avithin thirty days of 
 such meetmg a statement of his individual account. 
 
 Section 8. — The Secretary shall lay before the Quarterly 
 Committee, at least once a week, a statement of notes and monies 
 received by him during the week, and lodged in the Bank, and 
 which statement shall be initialed by some officer of the Bank. 
 
 MEMBERS. 
 
 CHAP. V. 
 
 Section 1. — Any person wishing to become a membe" shall be 
 admitted by ballot at a regular or special meeting, (three black balls 
 to exclude) having been proposed and seconded at the last regular 
 or special meeting, and, unless he shall, within three months after 
 notification of such admission, sign these Rules, the said admission 
 shall become inoperative, and such person shrJl be ineligible for 
 membership for six months thereafter, unless satisfactory reasons 
 be assigned for not signing. 
 
 Section 2. — Each member shall give the Secretary a power of 
 attorney authorizing him to make insurance on such risks as tho 
 Quarterly Committee may approve, not exceeding one hundred 
 pounds each on any one vessel, her cargo and freight, and with 
 power ono or more attornies under him to appoint with the sanction 
 

 
 of tlie Qunvtt'vly ConiiniUoc ; but notliiiig in lliosc ruloM is to be 
 construed to prevent members underwriting the same links lor a 
 larger amount on a 8|»eoiid policy. 
 
 Skctton 8. — Memheis slmll liavc, in oflTicc hours, cxce])t 
 during the meeting of the Quarterly Committee, free access to all 
 books, papers, correspondence, &c., in the possession of the Secre- 
 tary belonging to the Society. 
 
 Skcttox 4. — Any member Avithdrawing from this Association 
 shall not be at liberty to withdraw from the funds any premiums or 
 monies that shall appear to his cre<lit on the books, until all the 
 policies on which he shall have underwiitten shall have been deter- 
 mined, expired, cancelleil; or re-insured. 
 
 Section 5. — Any member may voto by proxy at all meetings 
 of the Society (unless otherwise provided) such j)roxy to be a 
 member, and, previous to voting, protluco a snflicient authority in 
 ■writing from his constituent or constituents so to act, such autho- 
 rity to be lodged ■with the Secretary prior to the meeting. 
 
 Section G. — No member shall be at liberty at any time to 
 withdraw any premiums or monies that may l)e to his credit, and 
 received for risks undetermined and outstanding. 
 
 Section 7. — The Secretary may bo authorized to strike the 
 name of any member from the books of the iSociety by a two-thirds 
 vote of the members present at a regular or special meeting : pro- 
 vided one-half the members of the Society be present at such 
 mooting, and notice of motion for such expulsion be given in the 
 notice for calling such meeting. 
 
 Section 8. — When any member shall be, in the opinion of the 
 Quarterly Conimittee, in a state of insolvency or bankruptcy, they 
 shall direct the Secretary, as the attorney of such member, to 
 cease using his name as an Underwriter, and if such member shall 
 have sufficient premiums to his credit, it shall be the duty of the 
 Committee to re-insure all risks outstanding or policies executed 
 by such mem])er or his attoiMicy, and charge the premium for such 
 re-insurance to the account of such member 
 
 Section 9. — The Secretary shall forth^with give notice of the 
 action of the Quarterly Committee to such member, and unless he 
 shall, ■within ten days after the receipt of such notice, lodge with 
 the Secretary a protest against such action, it shall be conclusive 
 and binding upon him. 
 
 ■ 0i 
 
ulcrt in to Ic 
 5 littkb for a 
 
 i\na, cxcci)t 
 access to all 
 ,f the Sccrc- 
 
 i Associution 
 prcniiuinsor 
 until all the 
 c been dctev- 
 
 D all inectinjj^s 
 roxy to be a 
 t autliority in 
 t, such autlio- 
 ting. 
 
 ; any time to 
 iiis cmlit, autl 
 
 to strike tlio 
 y a two-tliirds 
 laecting: pvo- 
 •cscut at such 
 
 ('iven in the 
 
 opinion of the 
 tkniptey. they 
 \i member, to 
 1 member shall 
 Ic duty of the 
 licies executed 
 Ilium for such 
 
 I notice of the 
 [ind unless he 
 _ lodge Avith 
 
 Ibe conclusive 
 
 SlK'TiON 10. — In case of such protest being lodged, it shall In- 
 the duty of tiie (^luuterly (Vmimitteo to direct the Secretary to 
 call a special meeting and nulify su(,'h nu-nibcr tlicrcuf, and the 
 decision of a majority of the meiiihers [)reseiit shall be final. 
 
 Skotion 11. — No member shall acknowledge his liability to pay 
 any claim on any policy or p<ilieies issued by the Society, without 
 the consent of the (.Quarterly Committee. 
 
 POLICIES. 
 
 CHAP. VI. 
 
 Section 1. — No policy shall be valid, unless, after execution 
 thereof by the members or their attorney it shall be countereigncd 
 or approved by two of the Quarterly Committee. 
 
 Sfx'TION 2. — The Quarterly Committee shall have power, from 
 time to time, to make alterations in the form of policy to bo issued 
 by the Society, and where such alteration is intended to be perma- 
 nent, they shall report the same at the next regular meeting for 
 approval. 
 
 Section 3. — In all policies issued under these Kulcs, there shall 
 be printed on the back thereof the following extracts from these 
 Kules, viz : — Section second of Chapter first ; Section eighth of 
 Chapter fifth, and the first Section of this Chapter. 
 
 BOOKS, ETC. 
 
 CHAP. VII. 
 
 Section 1. — The Books, Papers, Correspondence, kc, of the 
 Society shall be under the control of the Quar':eriy Committee, 
 who shall have power from time to time to take them from the 
 Secretary and entrust them to the custody of such person or per- 
 sons as they may select. 
 
 PAYMENT OF PREMIUMS. 
 
 CHAP. VIII. 
 
 Section 1. — The premiums shall be settled according to the 
 following scale : — 
 
I»f 
 
 w 
 
 8 
 
 I'lidc.r X10, ill Cinli. 
 
 Ovor X2(). uikI iiii.lfr Jl-2'>, TImoc Months Credit. 
 
 <)vi;r £2''), and uiidor jC.jU, lour do. do. 
 
 Over Xi')U, Six do. do. 
 
 'J'o Ih) seoure<l l)y cndorHtid notes approvtHl l)y the (Jimrterly ('om- 
 ujittuo. 
 
 AMENDMENT. 
 
 CHAP. IX 
 
 Skctio.v 1. — These Kules nnd Hej^ulations whall not 1)C aniend- 
 o«l, a^ldt^l to, or altorotl in any rcsjwct, unlo8H two-thirds of the 
 nioinhers presi'iit. or represented hy proxy, of whom the Chairman 
 may ho one, shall a;^ree so to do. and no resolution aflecting such 
 amendment, ad<lition, or alteration, shall be entertained at any 
 moolinj^, unless notieo of the nature of sveh amendment, addi- 
 ti<;n or altenition shall Ix? j^iven at a regular meeting previous 
 to the consideration thereof, and also jxwted up at least ten days 
 jaior to its consideration, in the office of the Secretary. 
 
 T. E. (I. TTSDALE, 
 CIIARLKS W. WELDON, 
 JOEL llEADINO. 
 
 Committee. 
 
 PrtlNTBU BY CUUUB * CO., 1>B1NCE WILUAU BTRBET, SAINT JOHN, N. B. 
 
 ^'