No. 33 1st Session, 15th Legislature, Al:berta 12 Elizabeth II BILL 33 A Bill to Incortporate The Principal Life Assurance Company MR. McKINNON Pi"lnted by L. S. WALL, Printer tOo the Queen's M~t Ex<:ellent Majesty, Edmonton, Alberta, 1964

Preamble Incorpor­ ation Directors BILL No. 33 of 1964

An Act to Incorporate The Principal Life Assurance Company (Assented to , 1964)

WHEREAS the persons hereinafter named have by their Petition prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the said Petition: THEREFORE Her Majesty by and with the advice and consent of the Legislative Assembly of the Province of Alberta enacts as follows: 1. Reginald V. Paul, Business Man; Sanford T. Fitch, Ban·ister; R. Evan M. Potter, Business Man; John M. Tweddle, Chartered Accountant; and Lynn A.

Patrick, Barrister, all of Edmonton, in the Province of Alberta, together with such other persons as become shareholders in the Company, are incorporated under the name of The Principal Life Assurance Company, hereinafter called "the Company". 2. The persons named in

section 1 of this Act shall be the provisional directors of the Company. Capital stock 3. The capital stock of the Company shall be one million dollars, which may be increased to four million dollars. Sub­ scription Commence­ ment of business Head office Contracts 4. The amount to be subscribed before the general meet­ ing for the election of Directors is called shall be two hun­ dred and fifty thousand dollars. 5. The Company shall not commence business until the amount of the capital stock required by

section 34 of The Alberta Insurance Act has been subscribed and paid. 6. The head office of the Company shall be in the City of Edmonton, in the Province of Alberta. 7. The Company is hereby empowered (

a) to engage in and carry on the business of life insur­ ance and reinsurance in all its branches, that is to say, it may make contracts of life insurance and may grant, sell or purchase life annuities, grant endowments depending on the contingency of human

The Com­ panies Act The Alberta Insurance Act

Short title Commence­ ment of Act life, and generally carryon the business of life insurance in all its branches and forms and to do all acts and things which are requisite for the pur­ pose of engaging in or carrying on any such busi­ ness or are incidental thereto, and (

b) to engage in and carryon the business of accident and sickness insurance and reinsurance in all its branches, that is to say, the business of insuring and reinsuring against any or all contingencies arising out of accidents or sickness, and generally to carryon the business of accident and sickness insurance in all its branches and forms and to do all acts and things which are requisite for the pur­ pose of engaging in or carrying on any such busi­ ness or are incidental thereto. 8. Sections 62 to 67 of The Companies Act apply to the Company. 9. The Albe1'ta Insurance Act applies to the Company. 10.

This Act may be cited as liThe Principal Life Assur­ ance Company Act". 11. This Act comes into force on the day upon which it is assented to. 2

No. 33 FIRST SESSION FIFTEENTH LEGISLATURE 12 ELIZABETH II 1964 BILL

An Act to Incorporate The Principal Life Assurance Company Received and read the First time Second time Third time MR. McKINNON Title: 1964 (15th, 1st) Bill 33,

An Act to Incorporate The Principal Life Assurance Company