Bill 8 (Legislature 13, Session 3)

L13 S3 6245

Alberta — Bills

No.8 3rd Session, 13th Legislature, Alberta 5 Elizabeth II, 1957 BILL 8 A Bill to Incorporate The Alberta-Canadian Insurance Company MR. GERHART (Private Bill) EDMONTON, ALBERTA Printed by A. SHNITKA, Printer to the Queen's Most Excellent Majesty 1~57

Preamble Incorpor~ ation Directors Capital stock Subscription Commence ment of business Head office Contracts BILL No.8 of 1957

An Act to Incorporate The Alberta-Canadian Insurance Company (Assented to , .1957)

WHEREAS the persons hereinafter named have by their Petition prayed that it be enacted as hereinafter s~t forth, and it is expedient to grant the prayer of the saId Petition; Therefore Her Majesty, by and with the adv~ce and consent of the Legislative Assembly of the Provlnee of Alberta, enacts as follows: 1. Robert W. Chapman, Underwriter, Johnstone A. Weber, Broker, C. Pryor Logan, Underwriter, Frederick G. Gathercole, Financial Agent, and Benjamin C.

Finch, Appraiser, all of Edmonton, in the Province of Alberta, together with such persons as become shareholders in the Company, are incorporated under the name of The Al berta-Canadian Insurance Company, hereafter called "the Company". 2. The persons named in

section 1 of this Act shall be the provisional directors of the Company. 3. The capital stock of the Company shall be five hun dred thousand dollars, which may be increased to one million dollars. 4. The amount to be subscribed before the general meet ing for the election of directors is called shall be twenty five thousand dollars. 5. The Company shall not commence business until the amount of the capital stock required by

section 33 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 Com~any may make contracts of insurance of ap classes and kInds and against contingencies of all descrip tlOns or by way of guaranty or surety, except hail insur-

2 ance and life insurance; and may reinsure and do all acts and things which are requisite for the purpose of engaging in or carrying on the business of insurance in such kinds and classes. 8.

Sections 40, 41, 56 to 62 inclusive and sections 83, ~:eieco:;~t and 86 of The Companies Act and all amendments and n s alterations thereof shall be and the same are hereby in corporated with and shall be deemed a part of this Act and shall apply to the said Company, excepting so far as the same may be inconsistent with the express enactments hereof, and the expression "this Act" when used herein shall be understood to include the sections of the said The Companies Act as aforesaid. 9. The Alberta Insurance Act and amendments thereto The Alberta h C Insurance shall apply to t e ompany. Act 10.

This Act comes into force on the day upon which Coming it is assented to. into force

THIRD SESSION THIRTEENTH LEGISLATURE 5 ELIZABETH II 1957 BILL

An Act to Incorporate The Alberta Canadian Insurance Company Received and read the First time ......................................... . Second time ........................ . Third time ......................................... . MR. GERHART Title: 1957 (13th, 3rd) Bill 8,

An Act to Incorporate The Alberta-Canadian Insurance Company

Document details

Collection	Alberta — Bills
Citation	L13 S3 6245
Type	bill
Volume / chapter	L13 S3 6245
Language	en
Format	json
Source	PROVINCIAL
Identifier	37c4fd5d193db6c8a5d5ac6caf8005179f09ee12

Source file is stored in the law ingest library (json).