Bill 9 (Legislature 11, Session 1)

L11 S1 7131

Alberta — Bills

BILL No.9 of 1949.

An Act to declare that the Alberta Life and Accident Insur ance Company Limited has power to carryon the Business of Insurance of all Kinds except Life Insur.ance under the name of The Alberta Fire and Accident Insurance Com pany Limited Act. (Assented to , 1949.)

WHEREAS the Company presently carrying on business under the name of The Alberta Life and Accident In surance Company Limited was incorpor.ated on the 22nd day of May, A.D. 1907 under the provisions of the North-West Territories Ordinance respecting Companies;

Whereas the said Company has carried on the business of insurance in the Province of Alberta since the date of its incorporation and has at all times been licensed to carryon such business of insur.ance by the Superintendent of Insur ance pursuant to the provisions of The Alberta Insurance Act;

Whereas it is deemed desirable that the powers of the said Company should be as set forth in this Act and that The Companies Act should have no further application to the said Company, except as in this Act provided;

Whereas it is desir.able that the said Company should not be dissolved or wound up and that its corporate existence should be preserved and continued;

Now, therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. All persons who prior to the passing of this Act have become members of the Company which is presently carry ing on business under the name of The Alberta Life and Ac,cident Insurance Company, Limited, and all persons who may hereafter become members of the said Company as preserved and continued by this Act are hereby declared to be and to have been since the 22nd day of May, A.D. 1907, a body corporate hereinafter called "the Company". ~.

This Act may be cited as The Alberta Fire and Ac cident Insurance Company Limited, Act. 3. The name of the Company is hereby changed and upon the coming into force of this Act the Company shall hence forth be known as The Alberta Fire and Accident Insurance Company Limited. 2 4.

The Company is hereby deemed to have. had since the 22nd day of lY.{ay, 1907, the powers set forth In the Memor andum of Association dated the 16th day of May, 1907, and upon the coming into for-ce of this Act the powers of the Company as set forth in the said Memorandum shall b.e restricted and it shall only have power to carry. on the bUSI ness of insurance and to make .contracts of Insurance of all kinds except life insurance. 5. The present directors of the Company, namely: James D. D. Spence Mae E. Harkley Irene Sandercock Pauline Sutherland Fred H. Russell Chester H. Marshall Alan J. Spence Wallace W.

Ferguson Wesley Clement shall be the directors of the Company until replaced pursuant to the regulations or by-laws of the Company. 6. The capital stock of the Company shall be one million dollars. 7. The Head Office of the Company shall be at the City of Calgary in the Province of Alberta. 8.

Sections to 86, both inclusive, of The Companies Act and all amendments and alterations thereof shall be and the same are hereby incorporated with and shall be deemed a part of this Act and shall apply to the Company, excepting in so far as the same may be inconsistent with the express enactments hereof, and the expression "this Ast" 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 shall apply to the Company. 10.

The Company incorporated on the 22nd day of May, A.D. 1907, under the provisions of the North-West Terri tories Ordinance respecting companies, and presently carry ing on business under the name of The Alberta Life and Accident Insurance Company, Limited, shall not be deemed for any purpose whatsoever to have been dissolved or wound up but its corporate existence shall be deemed to be preserved and continued by this Act under the name of The Alberta Fire and Accident Insurance Company, Limited and subject to the provisions of this Act. ' 11.

This Act shall come into force on the day upon which it is assented to. No.9 FIRST SESSION ELEVENTH LEGISLATURE GEORGE VI BILL

An Act to declare that The Alberta Life and Accident Insurance Com pany Limited has power to carry on the Business of Insurance of all Kinds except Life Insurance under the name of The Alberta Fire and Accident Insurance Company Lim ited Act. Received and read the First time .............. . Second time ..................................... . Third time ................ . MR. COLBORNE. Title: 1949 (11th, 1st) Bill 9,

An Act to declare that the Alberta Life and Accident Insurance Company Limited has power to carry on the Business of Insurance of all Kinds except Life Insurance under the name of The Alberta Fire and Accident Insurance Company Limited Act

Document details

Collection	Alberta — Bills
Citation	L11 S1 7131
Type	bill
Volume / chapter	L11 S1 7131
Language	en
Format	json
Source	PROVINCIAL
Identifier	9f11a274a03d6edf20fdddd1044b74b8eba19c38

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