Australian General Assurance Company Act 1857 20 Vic (NSW)

1857. 20° VIC. 497

Australian General Assurance Compan ye

An Act to incorporate "The Australian General ,, Anmux

GENERAL ASSURANCE

Assurance Company." [12th Mebruary, 1857. | Comvany.

NEREAS a joint stock company was in the year one thousand Preamite.

eight hundred and thirty-six established under the name of "'The Australian Fire and Life Assurance Company" under the pro- visions of a deed of settlement bearing date the twentieth day of May one thousand cight hundred and thirty-six and the business of such company was carried on accordingly under such name and provisions until the year one thousand eight hundred and thirty-nine And whereas by, a supplementary ded of settlement to which' all the then members of the said Australian Fire and Life Assurance Company were parties bearing date the sixth day of March one thousand eight. hundred and thirty-nine the business of marine assurance was added to the business which the said company was by the original constitu- tion of the said company competent to transact and the name and style of the said company was altered to that of "The Australian General Assurance Company" under which last-menitioned name and style and under the joint effect of the provisions contained in the said original and supplementary deed of settlement the business of the said company has been since transacted And whereas the said com- pany was established upon the principle of unlimited liability on the part of each and every sharcholder And whereas the said company is desirous of being incorporated but so nevertheless that such unlimited liability on the part of the individual sharcholders should continue to all intents and purposes and it is expedient that the said company should be incorporated accordingly subject to the provisions hereinafter contained Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legisla- tive Council and Legislative Assembly of New South Wales in Parlia- ment assembled and by the authority of the same as follows—