Alliance Marine Fire and Life Assurance Company Act 1839 3 Vic (NSW)

ALLIANCE MaRINE Fire anp Lirr

ASSURANCE COMPANY.

Preamble.

Actions at law &e. to be in the name of the Chairman.

3° VIC. 1839.

Alliance Marine Fire and Life Assurance Company.

ANNO TERTIO

VICTORIZ REGINA.

An Act for facilitating Proceedings by and against the Sydney Alliance Marine and Fire and Life Assurance Company. [28th August, 1839.]

HEREAS several persons have formed themselves into a com- pany or society established at Sydney under the name style

or firm of "The Sydney Alliance Marine and Fire and Life Assurance Company" for the purpose of effecting marine insurances of vessels in harbour and at sea and of the cargoes and property in and on board the same and also assurances upon life and also for the purpose of effecting insurances against loss or damage by fire and against other risks and also for the purpose of employing the accumulating funds belonging and which may hereafter belong to the said company and in the hands of the directors in the discounting of bills of exchange and promissory notes and in loans upon real or other security within the said Colony And whereas difficulties may arise in recovering debts due to the said company and in maintaining actions or proceedings for damages done to their property and also in prosecuting persons who may steal or embezzle the bills notes bonds mortgages moneys goods chattels or effects of the said company And whereas it would he con- venient and just that persons having demands against the said company should be entitled to sue some member thereof in place and stead of the whole but as these purposes cannot be effected without the aid and authority of the Legislature Be it therefore enacted by His Excellency the Governor of New South Wales with the advice of the Legislative Council thereof That from and after the passing of this Act all actions and suits and all proceedings at law or in equity to be commenced instituted prosecuted or carried on by or on behalf of the said company or wherein the said company is or shall be in any way concerned against any person or persons body or bodies politic or corporate or whether a member or members of the said company or otherwise shall and may be lawfully commenced instituted and prosecuted or carried on in the name of the person who shall be Chairman of the Board of Directors of the said company at the time any such action suit or pro- ceeding shall be commenced or instituted as the nominal plaintiff complainant or petitioner for or on behalf of the said company and that all actions suits or proceedings as aforesaid to be commenced instituted or prosecuted against the said company shall be commenced instituted and prosecuted against the Chairman for the time being of the Board of Directors of the said company as the nominal defendant for and on behalf of the said company and that in all criminal prose- cutions to he instituted or carried on by or on behalf of the said com- pany for fraud upon or against the said company or for embezzlement robbery or stealing the bills notes honds moneys goods chattels effects or any other property of the said company or "for any felony misde- meanor or other offence in which the said company shall sustain any