Sydney Insurance Company Act 1855 19 Vic (NSW)

An Act to establish and incorporate a Company svser tcsasce to be called " The Sydney Insurance Com- pany." [2nd October, 1855.]

wn EREAS the several persons hereinafter mentioned have agreed Preamble.

to form a joint stock company and to subscribe a capital of two hundred and fifty thousand pounds to be divided into twenty-five thousand shares of ten pounds each for the purpose of carrying on the businesses called or known as Fire and Life and Marine Insurances and all matters connected therewith and they are desirous that the said company should be established and incorporated by the name of «The Sydney Insurance Company" under the provisions herein con- tained And whereas it is considered that it will be for the interests of the public and advantageous to the said company that it should be established and incorporated in manner aforesaid Be it therefore enacted by His Excellency the Governor of New South Wales by and with the advice and consent of the Legislative Council thereof as follows—

1. From and after the passing of this Act the following persons Proprictors incorpo- that is to say Thomas Chaplin Breillat John Fairfax Ambrose Foss the Sedney The of Samuel Deane Gordon Thomas Holt Joshua Frey Josephson Charles surance Company." Kemp Michael Egan Murnin and John Brown Watt and all other persons who shall become holders of shares in the said company aecording to the provisions hereinafter contained shall be and hereby _ . are united into a company for the purpose of making and offecting ae ot insurances on houses warchouses and buildings shipping i in port and at sea goods wares merchandise farming stock utensils and property of all descriptions against loss or damage by fire perils of the sea or other casualty insurances on lives and survivorships the sale and purchase of annuities reversions and ¢ ontingent interests and the endowment of children and generally for the purpose of carrying on the businesses usually called or known as fire insurance life insurance and marine insurance and all matters connected therewith or such branches thereof as the shareholders shall from time to time at anv general mecting determine according to the rules orders and directions hereinafter mentioned and for that purpose shall be one body corporate by the name and style of "The Sydney Insurance Company" and by that name shall have perpetual succession and a common scal and Sel. shall and may sue and be sued plead and be impleaded answer and be Power to suc and be answered unto defend and be defended in all Courts and places what- °°