the same to the board of managers within two weeks from the time of their receiving information of their appointment; the said managers, with all convenient expedition, shall, after receiving said report and ascertaining the sum which said party shall be lawfully entitled to, make provision and payment, as herein is specified. SECTION 8. That the members shall at their general meetings Rates of insu fix such rates of insurance and incidental charges and fees, as rance. may be deemed equitable and proper, or vest the power so to do in the board of managers, and any person who shall become a member of this corporation by effecting insurance therein, shall, the first time he effects insurance, and before he, she or they receive his, her or their policy, pay the rates that shall be fixed and determined upon, and no premium so paid shall ever be withdrawn from said company during the continuance of its charter. SECTION 9. That in case any insured named in any policy or Transfers of policontract of insurance made by the said corporation shall sell, cies. convey, or assign the subject insured, it shall be lawful for such insured to sign and deliver to the purchaser such policy or contract of insurance, and such assignee shall have all the benefits of such policy or contract of insurance, and may bring and maintain a suit on his or her own name: Provided, That before any loss happen, he or she shall obtain the consent of the president or secretary to such assignment, and have the same endorsed on or annexed to such policy or contract of insurance, to be according to the foregoing directions for that purpose, and not otherwise. SECTION 10. That the net profits arising from interest, or Dividends of otherwise, shall be ascertained annually, to every member, in profits. proportion to his, her or their deposit, for which each member shall have a credit in the company, after deducting the necessary expenses; nothing in this charter to be construed as to allow any of the funds of the association to be used for banking or manufacturing purposes. SECTION 11. That if at any time it shall appear that the char- Reservations. tered privileges hereby granted are injurious to the public welfare, the power thereof to repeal shall not affect any engagement to which the said company may have become a party previously thereto, and that the said company shall have a reasonable time to bring their accounts to a fair settlement. SECTION 12. That the first thirteen named persons in this act Managers. shall constitute the first board of managers, with power to organize the corporation, and appoint a president and other officers and agents, agreeable to the spirit of this act, and to hold their power and authority until the next election, as is herein provided, with all the power contemplated to be vested in the board of managers elected by the company under the authority of this act. SECTION 13. That no policy shall be issued by the corporation Policies. until application be made for insurance to the amount of two hundred thousand dollars. SECTION 14. That suits of law may be prosecuted and main- Suits against tained by any member against the corporation, for losses or company. damage insured by them, if payment is withheld for more than ninety days after the company is duly notified of such losses: Provided nevertheless, That the board may if they think proper, Proviso rebuild or replace the property lost or damaged, in which case a reasonable time shall be allowed to rebuild or replace the same. HENRY K. STRONG, Speaker of the House of Representatives. WM. M. HIESTER, Speaker of the Senate. APPROVED-The fifth day of May, Anno Domini one thousand eight hundred and fifty-five. JAMES POLLOCK. No. 646. A SUPPLEMENT To the act passed the twenty-ninth day of January, Anno Domini eve thetsand eight hundred and fifty-three, entitled "An Act to incorporate the Board of Colportage of the Synod of Pittsburg.” SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assem bly met, and it is hereby enacted by the authority of the same, That the corporate name of the Board of Colportage of the Synod Name changed. of Pittsburg be and the same is hereby changed to the Board of Colportage of the Synods of Pittsburg and Allegheny. SECTION 2. That the said board of colportage be increased by Board increased. the addition of three ministers and three elders, to wit: Wil liam S. Plumer, minister, and T. H. Nevin, elder, to serve until the next regular annual meeting of the Synod of Allegheny; James M. Smith, minister, and William Campbell, elder, to serve for one year after said next annual meeting of said synod; and B. C. Critchlow, minister, and John Reynolds, elder, to serve for two years from and after the next annual meeting of said synod. SECTION 3. That hereafter the Synod of Pittsburg shall, at Election of board. each regular annual meeting, elect or choose three ministers and three elders connected with the church within the bounds of that synod, to serve three years to supply vacancies regu larly occurring in the board; and that the Synod of Allegheny shall in like manner, at each regular annual meeting, elect or choose three ministers and three elders connected with the church within the bounds of that synod, to serve three years to supply vacancies regularly occurring in the board. SECTION 4. That the annual meeting of the board shall as Annual meeting. heretofore be held on the Wednesday of the meeting of the Synod of Pittsburg, or nearest thereto, unless the Synods of Pittsburg and Allegheny shall by joint resolution fix some other time for such meeting; the semi-annual meeting to be held within six months from and after the annual meeting, unles otherwise fixed by such joint resolution. Vacancies. SECTION 5. That in case of a vacancy occurring in any way among the members of the board from either synod, such va ancy shall be filled as provided by the ninth section of the act which this is a supplement, by the board, until the next tated or special meeting of the synod entitled to fill such vaancy, at which time such synod may supply such vacancy for he unexpired term if any of the person or persons by whom uch vacancy occurred. Powers of control. SECTION 6. That any powers of direction and control of the aid board which may be given to the Synod of Pittsburg by he third, seventh and tenth sections of the act to which this s a supplement, shall be enjoyed as well by the Synod of Alleheny as by the said Synod of Pittsburg, and shall be exercised y or under a joint resolution or action of said synods. SECTION 7. That those members of the board of colportage ho, having at the time of their election been in connection Membership of ith the Synod of Pittsburg, but who in consequence of the ivision of said synod and the formation of the Synod of Alleheny, are now no longer connected with the Synod of Pittsurg, shall continue to be members of the board notwithstandg their change of ecclesiastical relation, until the expiration of he term for which they were respectively elected. board. SECTION 8. That so much of the act of assembly to which APPROVED-The fifth day of May, Anno Domini one thouand eight hundred and fifty-five. JAMES POLLOCK. No. 647. A SUPPLEMENT o an act to incorporate the Meadville, Western and Mutual Insurance Company. SECTION 1. Be it enacted by the Senate and House of Represen tives of the Commonwealth of Pennsylvania in General Assemy met, and it is hereby enacted by the authority of the same, That e name, style and title of the Meadville, Western and Mutual surance company be and the same is hereby changed to, and id corporation shall hereafter be known by the name of the reat Western insurance company, with all the rights, priviges and immunities, and subject to all the provisions and penties provided for and enjoined by the act incorporating said mpany: Provided, That this section shall not take effect until teen hundred shares of the capital stock is subscribed and ten er centum paid in upon the same, and until this section is ac cepted and approved of by the board of directors of the ad Meadville, Western and Mutual insurance company. HENRY K. STRONG, Speaker of the House of Representatives. Speaker of the Senate. APPROVED-The seventh day of May, Anno Domini one tha sand eight hundred and fifty-five. JAMES POLLOCK No. 648. A SUPPLEMENT To an act, entitled "An Act to incorporate the Wilkesbarre Cemetery As sociation. SECTION 1. Be it enacted by the Senate and House of Repre tatives of the Commonwealth of Pennsylvania in General Asse met, and it is hereby enacted by the authority of the same, That the corporate name of the Wilkesbarre cemetery association, be and hereby is altered and changed to that of the Hollenback cemetery association of Wilkesbarre and its vicinity; the said corporation to be hereafter known and called by such new name, and to continue under the same government, to be subject to the same rules and regulations, and entitled to the same rights and privileges, and in the same manner, as if the name thereof had not been changed. HENRY K. STRONG, Speaker of the House of Representatives. WM. M. HIESTER, Speaker of the Senate. APPROVED-The seventh day of May, Anno Domine one thousand eight hundred and fifty-five. JAMES POLLOCK. No. 649. AN ACT Incorporating the Pemberton Fire and Marine Insurance Company of Philadelphia. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assem bly met, and it is hereby enacted by the authority of the same, That Privileges. Andrew R. Chambers, A. C. Cattell, Joseph B. Myers, Charles Corporators. Oakford, E. J. Maginnis, William C. Rudman, Benjamin R. Miller, C. B. Lamb, James H. Orne, A. Rex, junior, E. A. Hendry, S. Kingston M'Cay, John L. Pomeroy, Alexander Heron, D. Sharwood, Jules Hauel, John H. Chambers, William Devine, David Boyd, junior, Charles H. Craig, and all other persons who may hereafter associate with them, in the manner hereinafter prescribed, shall be and are hereby constituted a body corporate and politic, by the name of the Pemberton fire Style. and marine insurance company, which shall have perpetual succession, with power and authority to make contracts of insurance with any person or persons, or any body politic or corporate, against loss or damage of property by fire, or any cause of risk, to make all kinds of insurance against loss or damage of goods, merchandize, or other kinds of property, in the course of transportation, by land or water, or otherwise, and in any vessel or boat, or other water craft, and make insurance upon such goods, wares and merchandize, and to cause themselves to be insured against any loss, damage or risk, in the course of their business, for such term or terms of time, and for such premium or consideration, and with such modifications and restrictions as may be agreed upon between the said corporation and the persons agreeing with them for insurance. SECTION 2. That the corporation hereby created, shall be ca- Powers. pable of contracting and being contracted with, of suing and being sued, of pleading and being impleaded, in all courts and places, and in all matters whatsoever, with full power to hold, possess, use, occupy and enjoy all such real estate as shall be necessary for the transaction of its business, or which may be conveyed to said company, as security or in payment of any debts that may be due or owing to the same, or in satisfaction of any judgment of any court of law, or any order or decree of a court of equity, in their favor, and the same real estate sell, convey and dispose of, and may have a common seal and use at pleasure, and also make, order and establish, and put in execution such by-laws, ordinances, rules and regulations, as shall be necessary for the government of said company, and for the prudent management of its affairs; and to receive all proposals or applications for insurance in writing, as a warranty on the part of those insuring, and to base policies of insurance thereon, and to incorporate the same as a part of the contract between the company and the insured, and for the purpose of defining the rights of each contracting party. Additional powers. SECTION 3. That it shall be lawful for the said corporation to act under power of attorney as agents for any other insurance companies, and to re-insure and insure therein such property as the said corporation take risks upon, and to transact any other business with said companies not contrary to the true intent and meaning of this act; that it shall be lawful for said company to invest any part of their capital stock, funds, money, or other property, in any public stocks or funded debt created, or which may hereafter be created by, or under any law of this or any other state of the United States, and the same to sell, transfer or exchange at pleasure, and again re-invest any part thereof, in such stocks or funds, or other good securities, whenever and as often as said company may deem it expedient; or they may Investment of loan the same to individuals or corporations, on real and personal property and security, or deposit the same with any sav funds. |