Bill 4 (Legislature 12, Session 3)

L12 S3 6449

Alberta — Bills

BILL No.4 of

An Act to Incorporate the All Canada Insurance Company (A8sented to , 1955) WHE~~AS the persons ~ereinafter named have by their

Preamble 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. John C. Landeryou, of the City of Lethbridge, in the I~corpora. Province of Alberta, business man; Roy S. Lee, of the Town tlOn of Barnwell, in the Province of Alberta, farmer; William D. McNab, of the City of Lethbridge, in the Province of Alberta, business man; Charles J.

Hobeck of the City of Edmonton, in the Province of Alberta, business man, to- gether with such persons as become shareholders in the Company, are incorporated under the name of "All Canada Insurance Company," hereinafter called "the company". 2. The persons named in

section of this Act shall be the provisional directors of the Company. Provisional directors 3.

The capital stock of the company shall be one hundred Cap~al thousand dollars ($100,000.00), which may be increased to stoc five hundred thousand dollars ($500,000..00), by a resolution of the directors sanctioned by a three-quarters vote of a general meeting of shareholders duly called as defined by The Companies Act, and by filing with the Registrar of J oint Sto~k Companies a copy of the resolution accompanied by such fees as would be required for a like increase in the capital of a company under The Companies Act. 4.

The amount to be subscribed before the general meet- Subscription ing for the election of directors is called shall be twenty- five thousand dollars ($25,000.00). 5. The company shall not commence business until the commerce amount of the capital stock required by

section of The bue~n~s Alberta Insurance Act has been subscribed and paid. 6. The head offi,ce of the company shall be in the City of Head office Edmonton, in the Province of Alberta. Contract. AfPIlca.tion o The Oompanies Act Application of The Alberta In8urance Act 2 '1. The company may make contracts of insurance of the following classes: (

a) Fire, Sprinkler leakage, use and occupancy, rent, profit, riot and civil commotion, explosion, tornado, windstorm, steam boiler, (

b) Automobile, (

c) Inland transportation, inland marine, transit, parcel post, tourist baggage, registered mail, (

d) Accident and sickness, burglary, bond, fidelity, guarantee, forgery, plate glass, liability, (

e) Li ve stock, (

I) Hail. 8. Sections 40, 41, 58 to inclusive, and sections 83; 84, 85 and 86, of The Companies Act, and all amendments and 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 here of, 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 Albe1"ta Insurance Act and amendments thereto. shall apply to the company. Coming into 10.

This Act shall come into force on the day upon which force it is assented to. THIRD SESSION TWELFTH LEGISLATURE ELIZABETH II BILL

An Act to Incorporate the All Canada Insurance Company Received and read the First time ............. . Second time .. ..................................... . Third time ..... . MR. CHABA -- -----=-========= Title: 1955 (12th, 3rd) Bill 4,

An Act to Incorporate the All Canada Insurance Company

Document details

Collection	Alberta — Bills
Citation	L12 S3 6449
Type	bill
Volume / chapter	L12 S3 6449
Language	en
Format	json
Source	PROVINCIAL
Identifier	46f4dbd291d04d2a2ec6ccc71fb4f895bfbbc64d

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