CHAPTER 18. An Ordinance to amend Chapter 63 of The Consolidated Ordinances 1898, intituled "An Ordinance respecting Foreign Corporations." [Assented to May 4, 1900] Not to apply to hail insurance companies THE THE Lieutenant Governor by and with the advice and consent of the Legislative Assembly of the Territories enacts as follows: 1. The Foreign Companies Ordinance is hereby amended by adding thereto the following section: "4. This Ordinance shall not apply to companies or associations formed for the purpose of insurance against loss or damage by hail, tornadoes, cyclones and hurricanes." CHAPTER 19. An Ordinance to amend Chapter 64 of The Consoliclated Ordinances 1898, intituled "An Ordinance respecting Mining Companies THE [Assented to May 4, 1900.] HE Lieutenant Governor by and with the advice and consent of the Legislative Assembly of the Territories enacts as follows: 1. Section 7 of chapter 64 of The Consolidated Ordinances Section 7 1898 is hereby repealed and the following section substituted repealed therefor: Companies ". The Companies Ordinance in so far as the same is not The inconsistent with this Ordinance, shall apply to mining Ordinance to companies." apply Short title CHAPTER 20. An Ordinance respecting Hail Insurance. [Assented to May 4, 1900.] THE HE Lieutenant Governor by and with the advice and consent of the Legislative Assembly of the Territories enacts as follows: SHORT TITLE. 1. This Ordinance may be cited as "The Mutual Hail Insurance Ordinance.” INTERPRETATION. Interpretation Company" "Premium note' 2. In this Ordinance unless the context otherwise requires The Lieut. Governor in INCORPORATION. 3. The Lieutenant Governor in Council may by letters patent under the seal of the Territories grant a charter to any grant charters number of persons not less than ten (each of whom shall be the owner of land in the Territories worth at least one thousand dollars over and above all incumbrances thereon) who shall petition therefor constituting such persons and others who may become members of the company thereby created a body corporate and politic for the purposes of mutual insurance against loss or damage by hail, tornadoes, cyclones and hurricanes. Notice of application 4. The applicants for such letters patent shall give at least two weeks' previous notice of their intention to apply for such charter, to be inserted once in The North-West Territories Gazette, which notice shall state: (a) The proposed corporate name of the company which shall not be that of any other known company incorporated or unincorporated; or any name liable to be unfairly confounded therewith; or otherwise on public (b) The objects for which incorporation is sought; (c) The chief place of business of said company, which (d) The names in full and the address and occupation of 5. At any time not more than one month after the publication Petition of such notice, the applicants may petition the Lieutenant Governor in Council through the Territorial secretary for the issue of such letters patent; the said petition shall state the facts required to be set forth in the notice mentioned in the fourth section hereof, and that each of the applicants is the owner of real estate in the Territories worth at least one thousand dollars over and above all incumbrances thereon; and shall be signed by all the applicants; and may ask for the embodying in the letters patent of any provision which otherwise under the provisions herein might be embodied in any bylaw of the company when incorporated. petition 6. Before the letters patent are issued, the applicants must Evidence establish to the satisfaction of the Territorial secretary (or such verifying other officer as may be charged by the Lieutenant Governor in Council to report thereon) the sufficiency of their notice and petition; and that each of the applicants is the owner of real estate situate in the Territories worth at least one thousand dollars over and above all incumbrances thereon; and that the proposed name is not the name of any other known incorporated company or unincorporated company; and to that end the Territorial secretary or such other officer may take and keep a record of any requisite evidence in writing under statutory declaration. charter 7. Notice of the granting of the letters patent shall be Notice in forthwith given by the Territorial secretary in The North-West gazette when Territories Gazette; and from the date of letters patent the granted persons named therein and their successors shall be a body politic by the name therein mentioned. CHANGE OF NAME. 8. In case it shall be made to appear that any company is change of incorporated under the same name or under a name similar to name that of an existing company or that for any other reason a change of name is desirable, it shall be lawful for the Lieutenant Governor in Council to issue supplementary letters patent changing the name of the company to some other name to be set forth in the supplementary letters patent; and no such Power to hold land alteration of name shall affect the rights and obligations of the POWER TO HOLD PROPERTY. 9. The company may hold absolutely to its own use and benefit such land as is required by the company for the transaction of its business and such land as is acquired by it for the protection of its investments; and may from time to time sell, mortgage, lease or otherwise dispose of the same; but any land not required for the transaction of the business of the company shall be sold within ten years after it has been acquired or otherwise it shall be forfeited to Her Majesty for the uses of the Territories. S Members of company Liability of members MEMBERS. 10. Every holder of a policy of insurance in the company shall be a member of the company. 11. No member of the company shall be liable in respect of any loss or other claim or demand against the company otherwise than upon and to the extent of the amount unpaid upon his premium note or undertaking. Members 12. Any member of the company with the consent of the withdrawing directors may withdraw therefrom upon such terms as the directors may lawfully require. Cancellation of policies Annual meeting Annual report Notice of annual and 13. The person insured shall be liable to pay his portion of the losses, expenses and reserve of the company to the time of cancelling the policy; and on payment of his proportion of all assessment then payable and to become payable in respect of losses and expenses and reserve up to such period shall be entitled to a return of his premium note or undertaking. ANNUAL AND SPECIAL MEETINGS. 14. A meeting of the members of the company for the election of directors shall be held in the month of January in each year at such time and place as may be prescribed by, the bylaws. 15. At the annual meeting, prior to the election of directors, the summary statement mentioned in section 49 hereof for the year ending on the previous thirty-first day of December shall be presented and read. 16. Notice of any annual or special meeting of the members |