Act made and passed in the sixth year of the Reign of His late Majesty King William the Fourth, intituled An Act to incorporate the Central Fire Insurance Company of New Brunswick, as requires the bonds or other securities given for the payment of the residue of the capital stock of the said Corporation to be renewed at least as often as once in three years, and also the whole of the twenty-fifth Section of the said recited Act, be and the same is hereby repealed; and in lieu thereof, 2. The said bonds and other securities of what nature or kind soever, already taken or hereafter to be taken for the payment of the residue of the capital stock of the said Corporation, and all and every and any of them, shall from time to time be renewed or changed, and such further or other security or securities for the same be given, as the Directors of the said Corporation, or a majority of them, shall from time to time require; and in case of any refusal or delay to renew or change any such security or securities, and to give and grant other and further security or securities therefor, to the satisfaction of the said Directors, or a majority thereof, within thirty days. after notice thereof given, then and in such case it shall and may be lawful to and for the said Directors, or a majority of them, to cause such proceedings both in law or equity, or either, as may be deemed requisite, to be taken for the recovery of the amount of such several and respective securities, or it shall and may be lawful to and for the said Directors, or a majority of them, if they shall think fit, to declare the shares in the capital stock of the said Corporation, for the amount of the residue of which such security or securities shall have been given, forfeited to the said Corporation, together with all deposits, instalments, interest, profit, or dividends thereto belonging or appertaining, and such stock so forfeited shall be sold by public auction, for and on account of the said Corporation, and the purchaser or purchasers thereof, shall give such security or securities for the payment of the amount due to the said Corporation, on account of such forfeited shares, at the time of such forfeiture, as is hereinbefore provided, and shall likewise be subject to all the provisions of this Act, and of the said recited Act to which this is an amendment, anything therein contained to the contrary notwithstanding. 3. The thirty first Section of the said recited Act be and the same is hereby repealed. 4. The reference mentioned in the fifteenth Section of the above recited Act to the thirteenth Section of the said recited Act, be deemed and taken to refer to the fourteenth Section of the said Act, any thing therein contained to the contrary notwithstanding. 5. This Act shall continue and be in force for and during the continuance of the said in part recited Act. 9th VICTORIA-CHAPTER 43. An Act to incorporate the Mutual Insurance Company. Section. 1. Incorporation of Company. 2. Qualification of members. Section. 3. First meeting, how called. Passed 11th April 1846. WHEREAS the establishment of a Mutual Insurance Company against fire would tend to the keeping within the Province large sums of money that are annually paid in other parts for Insurance against loss or damage by fire ; Be it enacted, &c.-1. Henry Gilbert, Thomas Harding, Henry Porter, Joseph Fairweather, David J. Marshall, James W. Lawrence, Henry Perkins, William H. Adams, William Henry Scovil, Charles Adams, Daniel J. M'Laughlin, Robert Reed, John M. Robinson, and all and every such other person and persons as shall from time to time become proprietors of shares in the Corporation hereby established, their successors and assigns, shall be and they are hereby erected into a Company, and declared to be a body politic and corporate, by the name of "The Mutual Insurance Company," and by that name shall have all the general powers and privileges made incident to a Corporation by Act of Assembly in this Province, for the purpose of insuring against loss by fire; and the said Company, or the major part of them, shall from time to time, and at all times, have full power and authority to constitute, ordain, make, and establish such bye laws and ordinances as may be thought necessary for the good rule and government of the said Corporation, provided such bye laws and ordinances be not contradictory or repugnant to the laws and statutes of the Province, and those in force within the same. 2. All persons who shall insure with this Corporation, and also their executors, administrators, and assigns, shall thereby become members thereof during the period they shall remain insured, and no longer. 3. The first meeting of the said Corporation shall be held at the City of Saint John, and shall be called by John M. Robinson, or in case of his death, refusal, or neglect, by any three of the said Company, by giving notice in one of the Newspapers printed in the said City, at least one week previous to such meeting; provided such meeting shall not be held until applications for insurance have been made to the amount of two thousand pounds. 4. All funds received by or remaining with the said Corporation, shall be invested in stock, or personal or landed securities, provided such securities shall not be for a less period than one year. 9th VICTORIA-CHAPTER 50. An Act to amend the Act to incorporate the Central Fire Insurance Company of New Brunswick. Section. 1. Directors, to what number may be reduced. Section. 2. Annual general meeting. Passed 11th April 1846. WHEREAS in and by an Act made and passed in the sixth year of the Reign of William the Fourth, intituled An Act to incorporate the Central Fire Insurance Company of New Brunswick, it is among other things provided, that a statement of the affairs of the said Corporation shall, at the general meeting to be holden on the first Tuesday in March in every year, be laid before the stockholders for certain purposes therein mentioned: And whereas the time for making the annual returns of the state of the affairs and business of the said Corporation is inconvenient: And whereas it is expedient to authorize the stockholders of the said Corporation to reduce the number of Directors of the said Corporation ; Be it therefore enacted, &c.-1. The stockholders and members of the said Corporation shall, and they are hereby authorized and empowered, at any general meeting of the said Corporation, to reduce the number of Directors of the said Corporation to any number not less than five, and at any future time to increase the number, if they deem it advisable, so that the number of Directors of the said Corporation shall never exceed nine nor be less than five. 2. The annual general meeting of the said Corporation shall be hereafter holden on the second Tuesday in March in each and every year, instead of the first Tuesday in March as is now required by the Act incorporating the said Company; provided that the returns to be annually made of the state of the affairs and business of the said Company shall be made up to the first Tuesday in March, as is now required by the Act incorporating the said Company. 3. This Act shall continue and be in force during the continuance of the Act to which it is an amendment, and no longer. 10th VICTORIA-CHAPTER 77. An Act to incorporate the King's County Mutual Insurance Company. Section. 1. Incorporation of Company. 2. Qualification of members. Section. 3. First meeting, how called. Passed 14th April 1847. WHEREAS the establishment of a Mutual Insurance Company in the rural districts of the country would tend to protect the inhabitants against loss or damage by fire;— Be it enacted, &c.-1. William M'Leod, John C. Vail, LeBaron Drury, Reverend W. Walker, Reverend William Scovil, Gilford Flewelling, James A. Seivwright, S. Z. Earle, Justus Earle, James Fairweather, James Stark, Allan Otty, James D. Perkins, George Crawford, Oliver Hallet, Simon Baxter, and all and every such other person and persons as shall from time to time become proprietors of shares in the Corporation hereby established, their successors and assigns, shall be and they are hereby erected into a Company, and declared to be a body politic and corporate, by the name of "The King's County Mutual Insurance Company," and by that name shall have all the general powers and privileges made incident to a Corporation by Act of Assembly in this Province, for the purpose of insuring against loss by fire; and the said Company, or the major part of them, shall from time to time, and at all times, have full power and authority to constitute, ordain, make, and establish such bye laws and ordinances as may be thought necessary for the good rule and government of the said Corporation, provided such bye laws and ordinances be not contradictory or repugnant to the laws and statutes of the Province, and those in force within the same. 2. All persons who shall insure with this Corporation, and also their executors, administrators, and assigns, shall thereby become members thereof during the period they shall remain insured, and no longer. 3. The first meeting of the said Corporation shall be held at Kingston, and shall be called by William M'Leod, or in case of his death, refusal, or neglect, by any three of said Company, by giving notice in writing, which writing shall be posted up in three or more of the most public places in said County, at least fifteen days previous to such meeting; provided such meeting shall not be held until applications for insurance have been made to the amount of two thousand pounds. 4. All funds received by or remaining with the said Corporation, shall be invested in good and sufficient personal or landed securities, provided such securities shall not be for a less period than one year or more than two years. 17th VICTORIA-CHAPTER 63. An Act to incorporate the Saint John Fire Insurance Section. 1. Corporation, how constituted. 2. Capital stock. 3. Deposit, when to be paid. Company. 4. Amount to be paid or secured to Directors by stockholders, and when Policies may be issued. 5. First general meeting, how and by whom called. 6. Annual general meetings. 7. Powers of Directors. 8. Board for business. Section. 14. Policies, by whom signed. 15. Dividends, when and by whom declared. 17. Capital, how disposed of. 20. No new policy after total loss of capital. 22. Securities may be renewed, and sale of stock on forfeture. 23. Books, &c. subject to inspection. 9. President and Directors, how compen- 24. Statement of business to be laid before sated. 10. Qualification of Directors. 11. Stockholders' votes. 12. Disqualification or vacancy of Director, how remedied. 13. Power of Corporation to insure, what. general meeting. 25. Who may call a special general meeting. 27. Returns of affairs by Secretary. Passed 1st May 1854. WHEREAS large sums of money are annually paid to Foreign |