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Las diagrammes suivants illustrent la mAthode. errata to I peiure, on A D 32X f •» 2 3 ,r •vi»' 1 2 3 4 5 6 it { f^^tm^^^'^^ 'iJe.^. ^1^^ ^^ /i? /^ ACT TO INCORPORATE THE QUEBEC FIRE ASSURANCE CmZ TO WHICH A3ti; A DD BY-LAWS OF THE REVISED, COBBEOTED, AND CONFflBMSnT A MEETING OF 8T0CKII0LDEBS, company's OEFIOt:, ON'S day or Jaanary 18«3. Printed by order of tb*'?^ G' BY LKOKR BROIISSEAU, "j^ Bl^ 1862. ■■^: ■i ■'Ai-:. ^-' . - A^-i a**-' ,4*- ACT TO INCORPORATE TIIK QUEBEC FIRE ASSURANCE COMPANY, TO WHICH ARE ADDK]) BY-TAWS OF THE SAID COMPANY, REVISED, CORRECTED AND CONFIRMED, AT A OENERAT- MEETING OF STOCKHOLDERS, HELD AT THE company's OFBTCE, on THE /^>'V H ^^ Twenf y.tlilrd day of January l^V ^ L\''^':-^ QUEBEC: Printed by order of the said General Meeting, BY LEGER BROUSSEAU, 7, BUADE STREET, 1862. 4 ! i f ANNO NONO GEOKGII IV. A. D., I4th Mftrch 1829, Cap. 68. AN ACT To incorporate certain person therein- named, under the name of the ** Quebec Fire Assurance Company." WHEREAS A. Anderson et alteri as- sociated as a Company, under the name and style of " The Quebec Fire Assurance Company," have, by their humble Petition presented to the Legis- lature of this Province, prayed for an Act of Incorporation, for the purpose of insuring against losses by fire : and whereas the said Association has been established in the City of Quebec, and carrying on the said business of insur- ing against losses by fire, there and <.?lsewhere, for eleven years last past, and has become of great pubhc utility and advantage, and materially contribu- ted to the security and relief of indivi- duals and of the public, by greatly re- ducing the rates of premium formerly paid, by prompt and equitable adjustment and reimbursement of heavy losses when sustained, and by affording easier and more efficacious means of relief against the calamitous consequences of fires, than have hitherto existed in this part of His Majesty's Dominions ; and whereas rreaniblc. Quebec Fire Assurance Company aUfi dared a cor- porate body, until Ut May, 1868, unless this act be in the meantime repealed. the said petitioners have represented that the capital of their said Association subscribed, is limited to the sum of two hundred and fifty thousand pounds, di- vided into tw^o tnousand five hundred shares of one hundred pounds each ; Be it therefore enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legisla- tive Council and Assembly of the Pro- vince of Lower Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Par- liament of Great Britain, intituled, "An Act to repeal certain parts of an Act passed in the fourteenth year of His Majesty's Reign, intituled, " An Act /or making more effectual provision for the Government of the Province of Quebec in North America,''^ and to make further pro- vision for the Government of the said Province ; " And it is hereby enacted by the authority of the same, that tlie seve- ral persons herein-above named, stock- holders of the said Association or Com- pany, their several and respective suc- cessors or assigns, shall be and they are hereby enacted, constituted and declared to be a corporation, body politic and corporate, in fact and in name, by the name and style of " The Quebec Fire Assurance Company," and as such shall 5 continue and have succession until the first day of May, which will be in the year of our Lord one thousand eight hundred and sixty-eight, unless this Act shall be in the meantime repealed by the Legislature, and by that name they and their successors or assigns shall have continual succession, and shall be in law capable of sueing or being sued, pleading or being implead'id, defending or being defended, answering and being answered unto, i i all Courts of Judica- ture, in all manner of actions, suits, com- plaints, matters, and causes whatsoever, and also contracting and being contrac- ted with, relative to the funds of the said Corporation, and the business and purposes for which it is hereby created, as herein-after declared, and may make, establish and put in execution, alter or repeal such By-Laws, Rules, Ordinances and Regulations, the same not being con- trary to the Constitution and Laws of this Province, or to the provisions of this Act, as may appear to them neces- sary or expedient for the management of the business of the said Company, and may have a common seal, and may alter the same at pleasure. n. And be it further enacted by ^^<^ ^^^'IJo/J pg^iJ authority aforesaid, that it shall and may Esfatea. 6 be lawful for the said Corporation to purchase and hold such and so much real estate, as shall be necessary for their convenient accommodation in the trnnsaction of their business, and to sell, alienate and dispose of the same, and other estate, if need be, to acquire for the purpose aforesaid ; Provided that such real estate shall not, at any time, Not to ex- exceed the value of ten thousand pounds of ^/o.ooo!"^ currency ; and also to have and hold any hypotheque upon real estate either to secure the payment of the shares of the Capital Stock thereof, or to secure the payment of any debt which may be contracted with the said Corporation, and also to proceed op the said mort- gages and other securities for the reco- very of the monies thereby secured, in the same manner as any other mort- gagee is or shall be authorized to do ; f)rovided always that it shall not be awful for the said Corporation to deal with or to use or employ any part of the stock, funds or monies thereof, in buying or selling any goods, wares and merchandises or in traffic, trade or commerce of any kind, otherwise than hereinbefore specified and permitted. Proviso. in. And for the better security of the public, be it further enacted by the au- t loritv aforos:u(l, that it shall and may "'vernoro J' ^1 n r- * -^ any Ijran.h of bo lavvhil tor the Governor, Lieutenant tiioicKisaturi Governor, or Person administering the"''jy '^^'*[Jj.*J'' Government of this Province for thc,„tnus of t!, time beini^, or for any Branch of the ^'"•^'''"''"^' " Provincial Parliament, from time to time, to require from the President, Vice Presidents and Directors of the said Corporation, lists of the names of all and each of the Stockholders who hold shares in the Stock of the said Corporation. IV. And b3 it further enacted by the . s.iving of authority aforesaid, that notnmg herein nia M..jesty. contained shall affect or be construed to affect, in any manner or way, the rights of His Majesty, .lis Heirs or Successors, or of any person or persons, or of any body politic or corporate, such only excepted as are herein mentioned. V. And be it further enacted by the authority aforesaid, that this Act shall be deemed a public Act, and shall be judicially taken notice of as such by all Judges, Justices of the Peace?, and other persons whatsoever, wit., ^ut being spe- cially pleaded. Public Act au- 8 {t G. 4 c. 58. AN ACT To amend the Act incorpornting the Quebec Fire Assurance Company, and to facilitate the management of the business of the said Company. lAsaented to 30/A 3% 1855.] Preamble. VJJT HEREAS by the Act of the Par- lilr liamcnt of the late Province of Lower Canada, passed in the ninth year of the Reign of His late Majesty Act of L.c. ^jjjg Grorge the Fourth, and intituled, An Act to wcorporate certain person there- in named under the name of the Quebec Fire Assurance Company^ the several persons therein mentioned were incor- porated for the purpose of insuring against losses by fire, w th a Capital of two hundred and fifty thousand pounds, divided into two thousand and five hundred shares of one hundred pounds each ; And whereas it is expe- dient and necessary to amend the sai'\i ig llic iipany, ent of 1855.J e Par- ice of ninth ajesty ituled, there- 'Quebec evcral incor- suring 'apital usand d and ndred expe- l the Com- jnfor- oney rs in res- Jem : een's with the advice and consent of the Legishi- tive Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, and intituled An Act to re-unite the Provinces of i pper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same, as follows ; 1. Over and above the calls already Directors em- made under the said Act, and 'vvhich [;j"j,''^"jJJP are hereby confirmed, the Directors of tionai caiia of the said Company shall have power '***'^''' from time to time to make calls upon the Stockholders who have shares of the Capital Stock of the said Company, to pay such proportion thereof as the Directors shall deem necessary ; and payment of such calls shall be made unto such person or persons and at such times and places as the Directors shall from time to time a;^jpoint, of which at least thirty days' previous notice shall be given in the manner specified in the nmth Section of this Act ; and it shall be competent to the Directors to make several calls by one notice: Provided I'io^'t^ed. always, that there shall be an interval 10 Calls limited, of not less than thirty days between the dates fixed for the payment of the several calls ; and that no call shall exceed in amount the sum of one pound five shilling's currency for every share of one hundred pounds currency ; any thing in the said recited Act or in the By-laws, rules, ordinances and regula- tions of the said Company to the con- trary notwithstanding. Srrmv'in'' ^^' ^^ ^^^^'* ^^ competent to any advance and Stockholder to anticipate thc paytnent recpive inter- Q^jjj^y g[^artj or sharcs of the Capital Stock of the said Company, or of any such parts of the amount thereof as may remain unpaid and uncalled for, and thereupon it shall be lawful for the Company to allow and give lawful interest for the amount of the anticipa- ted payment, until the same shall in due course become payable by virtue of the calls of the Directors. est •I* t Calls overdue HI. If any Stockholder shall have will? inurest! n^ade or shall make default in the pay- ment of any call, he shall ipso facto be and become further liable to the pay- ment to the Company of interest on j^^^^^. . ^ the amount of the unpaid call from the culls. " date fixed for the payment of the same; And the Company in its corporate name 11 -tween of the Nhall pound share ; any in the eg-uJa- 2 con- any inent '^pitiil any of as for, li for iwfn] cipa- II in irt lie lave pay- be 3ay- on the ne; me shall and may recover the amc nt of every unpaid call, with intt; t, as aforesaid, and costs of suit, by action or suit at law in any Court of compe- tent jurisdiction ; and so long as any Stockholder shall be in default he shall not be entitled to vote at any meeting, of the StockholJers in respect of thetoVote. """ shares upon which such default has been incurred ; any thing in the said Act or in the said By-laws, rules, ordi- nances and regulations to the contrary notwithstanding. IV. No transfer of shares of theTnjnsf rnot Capital Stock of the Company shall be untiuu caiii allowed or shall be valid unless alh^« P'^'^' ^or 11 J ,1 2. .t • 1 for less than rt calls due thereon, together with any ^ hole Share. interest that may be due in respect of unpaid calls, and the costs and expen- ses incurred in relation thereto, shall have been paid and discharged ; nor shall any transfer of less than a whole share of the said stock be allowed or be valid. V. In actions or suits at law by the^iiatonu Company against the proprietor of a^'.fJ'p.l'oV^j share or shares of the Capital Stock of in fm action the Company for the recovery of any^*^' "^'^^^^ unpaid call or calls, with interest, it 12 shall not be necessary to set forth the special matter, but it shall be sufficient for the Company to declai*e that the Defendant is a holder of one share or more, stating the number of shares, and is indebted to the Company in the sum of money to which the calls in arrear shall ainount, in respect of one call or more upon one share or more, stating tlie number and amount of each of such calls, whereby an action hath accrued to the Company to reco- ver the same with interest for non- payment. tb( th( a ce| of Nvintoniythe VI. In cvcry sucli actiou it shall not may ptemi. ^c competent to tlic rcfondant to plead the general issue, but he may, by a plea in denial, traverse any particular matter or matters of fact alleged in the declaration, or specially plead some particular matter or matters of fact in confession and avoidance ; And in all Evidence in such actions or suits at law recourse shall bo had to the rules of evidence laid dow n by the Laws of England as recognized in Lower Canada in com- mercial cases, and no proprietor of a share or shares of the Capital Stock of the Company shall be deemed and in- competent witness, either for or against *ucl) suits. M -'5; • 'i^if I.N111 gmmi forth the sufficient that the share or siiares, ^ in the calls in of one 1' more, punt of I action o reco- r non- iali not 3 plead iiy a ticular in the some ^act in in all :ourse dence nd as coni- of a 2k of d in- linst I I 13 the Company, unless he be also one of the Directors, or be otherwise tlian as a Stockholder incompetent. VIL Copies of the minutes of pro-^^^^^^^^'j;'^^"^'' ceedings and resolves of the proprietors En^lreaoives of shares of the Capital Stock of theo^^^J|"^^^^in- gaid Company, at any general or spe- '""'•'' *^' cial meeting, and of minutes of pro- ceedings and resolves of the Directors at thtfir meetings, extracted from the min ite book or books kept by the Secretary of the Company, and by him certified to be true copies extracted from such minute book or books, shall be prima facie evidence of such pro- ceedings and resolves in all Courts of Civil Jurisdiction, and all notices givon by the Secretary of the Company, byN-tice. order of the Directors, shall be deemed noticc.H by the said Directors and Company. Viri. A printed copy of the By-laws Ce^tifiei . I ^ ' • * •', , •' , , printed copv )py ofthe Company, revised, corrected and of certain h confirmed at a General Meeting of'^vstohe Stockholders held at the Company's ^horcoV. offiae, on the thirtieth day of December, one thousand eight hundred and thirty- nine, and an Adjournuient Meeting of 14 the third of Februaiy, one thousand eight hundred and iorty, certified by the Secretary of the Company to be such copy, shall be received whenever offered in any Court of Justice in Lower Canada, as evidence of the said By-laws of the said Company. Publication of notices of meetings calls Proof of pu licntion of IX. All notices of meetings of or °^ calls upon the proprietors of shares of the Capital Stock of the i^aid Company, shall be published once a week in a newspaper published in the English language, and in another in the French language, in the City of Quebec ; And Mention ot . '^. , '^ . 1 • . a\ r-i such notices, lu all actious by or against the Com- pany, in which it shall be necessary for the Company to prove the publica- tion of any such notice, the proof of the publication thereof, by the production of such newspapers, shall be deemed sufficient, unless the fact of the publi- cation be specially put in issue, and in that case it shall not be necessary for the Company to give any further proof than that the notice was duly published in such papers, or that the Defendant or party denying the same had been personally or by letter from the Secre tary ol the Company, notified to the effect of the notice in question ; any thousand ertified by »ny to be whenever Justice in >f the said 1^ i 15 thing in the said Act of Incorporation, and any othor Law, usage or custom to the contrary notwithstanding. X. This Act shall be deemed aPubik; Act. Public Act. gs of or sfiares of onjpany^ week in Eng/ish J French ^ ; And e Coni- cessary »ub/ica. fof the 'uction eemed pubJi- »nd in i-y for proof ished idant been ecre Uhe any ceplinp in case (if Icpra- t'V. if. Xo sharehoi- No person 01* persoiis, Body Politic or derto hold Corporate, shall, at any time hereafter, be more thfin 50 --x i a i i i shares, ex- permitted to hold, possess or enjoy more than Fifty Shares in the Capital Joint Stock of the said Company, whether the same be acquired by subscription, pur- chase, donation or otherwise, excepting* only in case of Lei^acy or of inheri- tance by Heirs at Law of deceased Stock- holders ; And no person or persons not exercising their rights, married women having no separate property, aiid saws puissaTice de Mari, and minors not eman- BY-LAWS. I. 11 dj ai 01 tl b^ di CapitiU of tlip Company £250,000 Shares XlOO each. The Joint Stock of the Quebec Fire Assurance Company shall consist in the sum of Two hundred and fifty thousand pounds, current money of this Province, divided into Two thousand five hundred Shares, of One hundred pounds each. II. tU se ai hvn Fire 't ill the hoiisand rovince, imidred ch. cipated, can either by rig^ht of purchase, inheritance or otherwise, become Stock- holders of this Company ; but the Guar- dians, Curators, Tutors or others legally authorized representatives of such person or persons so as aforesaid, not exercising their rights, may in case of inheritance, be permitted to receive any dividend or dividends, accruing upon the Stock so inherited, upon granting and lodging with the said Company, sufficient and approved security for the fulfilment of the Rules and Regulations of the said Company, and more especially for the payment of Instal- ments, should any be demanded. clitic or fter, be y more d Joint her the h pur- ■epting inheri- Stock- fis not ^ornen sous iman- IIL The sum of Thirty two pounds ten-£32 1«3. jmio shillings per share having now been "Pj;^^^^^ 'JJ^^ paid in, on the Capital Stock of thistobedeman.i- Company ; the residue, <£67. 10s. per^*^* share, shall be paid in such manner as the Directors may deem expedient. All instalments shall however be demanded equally from every Stockholder for the time being, in due proportion to the num- ber of shares held by each ; but no instal- ment shall exceed One pound five shillings per share, nor shall the same be demanded, until at least thirty days previous notice •!' Transfer nt' Stock. 18 shall have been ijiven in both languages, in at least two of the newspapers printed and published at Quebec. IV. Transfers of Stock shall be made in person or by proxy in writing, agreeably to such form as the Directors shall direct, in a book kept for that purpose, to be termed " Transfeis of Stock," but no trans- fer shall be valid, unless the same be allowed and approved of by the Directors, or by such person to whom they may delegate such authority, by a Resolve of the Board, nor until the claims of the Company against such Stockholders be first satisfied. No transfer of a fractional part of a share to be allowed. w »lb te a u i ei ne C ir :f V. Shareholders Stockholders shall be entitled to vote at b.. to vote, all General Meetings, and for Election of Directors according to the number of shares held, one vote for each share, (not exceeding, however, fifty shares in his own right,) but no votes shall be allowed on Stock not held three months preceding any General Meeting or election of Directors. Stockholders may vote by proxy, appointed by writing, save and except those residing iangiiag-os, '!■« printed made in agreeably ^11 direct, se, to be »o trans- same be directors, *ey may esolve of of the 'ders be ■actional vote at ction of iber of ^«, (not lis own tved on ng-any ectors. ointed siding- .v.t 19 within the Cit} of Quebec, unless preven- ted by illness or absence, such proxy being a Stockholder ; but no Stockholder shall in his own right and that of proxy be entitled to more than one Hundred votes ; neither shall any officer or servant of the Company vote as proxy, either directly or indirectly, on pain of dismissal from otiice. VI. The business and aftairs of the Com- pany shall be under the direction, superin- Election of tendence, and management of seven direc- i^'f^ctors. tors, to be chosen annually on the first Monday of February of each year from Stockholders, possessing at least Ten Shares in the Capital Joint Stock of the Company, being subjects of Her Majesty, residing within the City or County of Quebec, (and possessed of real property within the Province of Lower Canada) who shall act in that capacitj'^ until the first Monday in the month of February of the following year, when and on which day, — two weeks previous notice having been given in both languages, in one or more of the newspapers published in Quebec — a new election shall take place on the said first Monday in Fe- bruary, such election to be conducted by the stockholders, voting by Ballot Avhich Ballot shall be deposited in the 30 Viic.incy by death or oiherwiso. Vol.. i.y bai- Ballot f]ox in the Company's Oflicp, till lot. ^^yQ o'clock in the afternoon of the day of the election, when it shall be opened in the presence of at least three Scruti- neen elected from among the Stockhol- ders at the General Meetingand the Ballots therein contained shall be ascertained and verified, and the seven persons duly qualified, found to have the greatest number of votes, shall be declared duly elected ; provided however, that nothing shall prevent any Directors retiring, from being re-elected if duly qualified. In the event of any vacancy in the legal number of Directors for the time being, by death, absence from the country (without the consent of the Directors, for more than three months at a time) inability, disqua- lification or otherwise, the same shall, within three weeks from the period when the said vacancy shall be reported to the Board of Directors, or as soon thereafter as possible, be filled up by the person duly qualified as such, having the greatest number of votes on the Ballot ol the last general election, and the new Director or Directors so elected, shall only serve for the unexpired period of his predecessor. And it is hereby further provided, that no Directs or Directors shall be entitled to demand or receive for his services in the said Company, any salary or emolument Ofliop, till o( the day be open 0(1 ■t'c Scmti- •Stockhol- ^ccrtiiiiml sons duly ffroatest nred duly f nofhijio- "iy:» from ; In the number y death, lout the >re than disqua- 2 shail, 3 wJien ' to the ^reafter person Tea test he Jast ctor or rve for -essor. lat no ied to in the rnent siiiont, kc 21 whatever, save nnd except the Presidtnt and'rreasiner,o»"» or both of whom, may be paid such remuiicration for their services as rray be determined upon by the Direc- ;ors,t') be approved of by the StocklioU'ers at Ihe Annual General Meeting. VII. The Directors sball name fmm their iiow the Ijuki- body a Pr siciciii, Vice rresidei.t, and "^'^V'/^'r' Ireasurer, luinMaJly, at their nrst meet- tho Directors, ing ai'iov the annual election, and shall !.\'T.°J"^.^''^' not pioeeed to do any business with a less number than Three, to form a quorum for the dispatch of business. The President, or in his absence, the Vice President, and in the absence of both, a Chairman to be chosen pro tempore, shall preside at the meetings of the Board of Directors. Every question, motion, mea- sure or any thing proposed or submitted in any meeting of Directors, shall be decided by the majority of votes, (ex- cepting as hereinafter provided) — no Director to have more than one vote, the Chairman voting only in case of equal division. No Meeting of Directors shall be called, unless by order of the Board, or the President or Vice-President; and all notices of sik h Meetin::fs shall be given in wiiiiiig, signed by the Secretary, or his 22 Deputy, and sent to each Director, stating the object or matter to be submitted. i VIII. Pre^i' ii,( '^^^ President, or in his absence, the vke'.Pre'si" Vicc-Presidcnt, shall attend daily at the derittoi.tteud(;;ojj^paiiy'jj Office, to see that the business and affairs thereof are properly conducted. IX. The Directors shall cause Books to be kept by the Officers of the Company, wherein shall be written a just, true and fair account of its affiiirs, business and transactions ; and shall submit annually at a General Meeting of Stockholders, to be held on the last Monday in the month of January of each year, a clear and correct statement made up, and closed to the last day of December preceding, duly audited as hereinafter provided. d X. conii.iittoe 01- The Stockholders at the Annual Gcne- audit,howiia-ral Meeting shall name and appoint a Special Committee of Audit, to consist of three Stockholders, to be paid for their ^ 4 ^r» Statin fi- tted. ^ »ce, the i at thu business ndiK'ted. ^s to be "ipany, "e and ^ss and inuaJJy toiders, Jn the I clear closed cdinj JO- rene- nt a St of heir 23 services, whose duty shall be to Audit the Books and accounts of the Company every three months and shall make a report thereon at the next Annual General Meet- ing or previously if they see fit ; and the said Committee of Audit shall have access to the Company's office for the purpose of examining- all Books and accounts, papers, vouchers and officers of the said Com- pany : and in case of vacancy by death, disqualification, absence, neglect or other wise, the Directors shall name and appoint a person or persons to fill such vacancy. XI. The Directors shall declare and pay Dividends, semi-annual Dividends to the Stockhol- ''"" p '^''^• ders at a per centum to be fixed and de- termined upon, from time to time, by them, from the earnings or profits made from the business of the Company, over and above the paid up Capital in accordance with the Act passed on the 1st July 1856, providing for the payment of Dividends by Insurance Companies (19 and 20 Victoria Cap. 89.) XII. The Directors for the time being, or any ir" low to be made by ilie Directurri. 24 hivtst.iKuts, Five of them, unanimous and consenting at any meeting, called for that purpose, may invest such part or portion of the funds of the Company (as may be at their disposal, and not otherwise required for the exigences of the said Company) in such Bank or other Public Stock, Funds or Securities, legally established, within this Province, and may sell out, assign or transfer the same, so often as they shall see fit, for the benefit and advantage of the Company. XIII. m b\ ni d(| I k1 '^ t( t5 Si c( i'OOOO. inrectois Tlic Dircctors shall grant and issue Poli- I 11 * I'oliciesriw ^^^^ ^^ Insurance against Fire at (.^ucbec risk to exceed and clsewlierc, in the name and for the account and Risk of said Quebec Fire Assu- rance Company, in such form and subject to such conditions, as they may see fit, (but no risk shall exceed the sum of .£6000 currency) and shall ask and receive in con- sideration thereof, such premiums as they may, from time to time, see fit to establish as the Tarifl' rates of this Company : pro- vided always that no Policy of Insurance, der to be ihi- Kcnewal Keccipt, contract or agreement bie for more whatever, shall issue or be executed bv the thaunisorher-rv. . • >i r n • proportion Du'cctors, ui thc uamc ol, for and on withtiieotiier beiialf of this Company, by the terms where- stockholders r J.^ c«- i i i i *' ' *' Lfneraiiy. ot thc Stockholders may or can m any No stockhol- 'Onsenfiiio. purpose, on of the >e at their q Hired for jpany) in «» Fnnds ^ "Within issign or ley sliaJi ^ntag-eof ue PoJi- Cucbec for the e Assu- siibject fit, (hut £6000 in con- i-=> t^icy tabhsh •• pro- lan CO, oment >y the d on here- any 25 manner or way whatsoever, l)e charged with, or mr.de liable, individually, for the I)ayment of any sum or sums ot mone}?^ ; but shall cloarly specify and specially declare and make known, that no officer. Stockhol- der or proprietor in or of this Company, shall be individually bound by such Policy, Renewal Receipt, contract or agreement, to any further or larger amount, than his or her proportion with the other Stockholders generally, towards the fulfilment thereof, according to his or her share in the Capital Stock of this Company, and shall moreover contain an express limitation or restriction of payment thereof, to the Capital or Joint Stock of this Company. XIV. The Directors shall settle and pay alln„. just claims or demands for losses by fire, settle aii and shall also appropriate all such sum or^°^'*^^ sums of money as they shall or may deem requisite to defray the expenses of the sa- laries of all officers and servants of the Company, fuel, stationery, printing and other necessary contingencies and expenses, not exceeding the sum of ^1250 per annum XV. Policies of Insurances, renev.al Receipts, and Certificates of Stock, shall be signed ctorf Ti> 2G jioxv ]\nW\i> by the Prosiilcnt or Vice Presidont, and llr^o ho'"' attested by such officer or officers as the siyiie.i. Directors may appoint. Checks on the Bank or Banks for payment of claims for losses by fire, or for other objects as may be ordered by the Directors, siiall be signed by the Treasurer, or in liis absence a Di- rector, and countersigned by the President or sucii other person as the Directors may appoint, all other contracts or agreements sanctioned by the Board, shall be signed by puch person or persons as m;iy be appointed by the board. XVI. ..!■ the or. The Treasurer shall have under his cbarge all Cash and Notes convertible into Cash, belonging to the Company ; and shall from time to time, and as often as may be required of him, (not less however than once in each month,) examine the Books and Accounts and sign the monthly statement; and shall also see that the monies received be accounted for and deposited, (at least once in every week) in such Bank or Banks or other places of sate keeping as the Directors may appoint, and shall leave in the Company's Office the Book or Books kept with such Bank or Banks, and in all other respects shall comply with the orders and resolves of the Board of Directors. In Jc^nt, and I's as the on the Jriims for s as imiy •e signed ce a Di- Resident ^rs may cements gned by •pointed er his ilo into S and >ften as 3wever ne tlie onthly nonies osited, Bank Jng as leave Books in all >rders s. In 27 the absence of the Treasurer his duties to devolve on such otiser person as the Direc- tors may appoint. XVII. Ail General Meetin;,^^ of StockhohlersP^'-'^';''-^''^^*- 1 11 1 11 1 1 111 1 ^^ "'R'-'^) '"'*'^^ ti) shall be called and assembled at the Com- be called. pany's Office at Quebec, ;it the hour of two of the o'clock in the alternoon, by special notice in tlie English and French languages, given in two or more newspapers published at Quebec, at least during two weeks j)re- vious thereto, and notice sent to the Stock- holders residing within the City of Quebec. No Meeting shall be legal unless at least twenty five Stockholders be present, who shall, before proceeding to business, appoint a Ciuiirman and a Secretary to record the j)roccedings of the meeting: General Meet- ings of Stockholders shall be called by order of the Directors, as often as the}^ see fit ; and when required by any fifteen or more Stockholders, legally possessing at least two hundred and fifty shares in the capital stock of the Company. All business or matter may be debated but not decided upon at any general meeting of Stockhol- ders, save and except such business or matter contained in any report of Directors to such general meeting, or as such general meeting shall have been specially called 28 for, to deliberate, resolve or decide upon, and as sliall have been specified in the notices calling the same, or of which an entry shall have been made or notice given in writing at nny general meeting iicld im- mediately preceding; and no matter shall be decided, except by a majority of the votes and proxies present, votinnthsIj\';^.'|,7vVcm,i previous notice, to be given in both lan-r^^i- guages in two or more of the newspapers published in this Province, and stating the object thereof, may dissolve this Company, at any period prior to that provided for by the act of Incorporation, (v/hich is therein limited to the hrst day of May, in the year S?''wr^/'^ C /~i T 1 1 I'll"! Mill iaijo. ot Uur Lord one tnous;ind eight hundred and sixty-eight,) provid