Liverpool and London Fire and Life Insurance Company Act 1857 20 Vic (NSW)

1857. 20° VIC.

Liverpool and London Fire and Life Insurance Company.

An Act to vest the Trust Moneys Securities an Property of " The Liverpool and London Fire and Life Insurance Company" in this Colony

in the Local Trustees of the said Company for the time being. [23rd February, 1857.]

ITEREAS in the year one thousand eight hundred and thirty-six

a company or association was established in England by the

name of "The Liverpool Fire and Life Insurance Company" for the purposes of making and effecting insurances on houses warchouses and buildings shipping in port goods wares merchandise farming stock utensils and property of all de scriptions against loss or damage by fire insurances on lives and survivorships the sale and purchase of 'anntities reversions and contingent interests and the endowment of children and generally to carry on the business usually called or known as fire and life insurance and all matters connected therewith And whereas upon the establishment of the said company or association a decd of scttlement was made dated the twenty-first day of May one thousand cight hundred and thirty-six And whercas by an Act of the Imperial Parliament passed in the eleventh year of the reign of Her present Majesty intituled "An Act to change the Name of the Liverpool " Fire and Life Insurance Company and for other purposes relating ** thereto" the name of the said company was changed to "The Liverpool and London Fire and Life Insurance Company" And whereas a supple- mental deed of settlement was made by the said company dated the twenty-eighth day of February one thousand cight hundred and fifty-one And whereas by the third clause of the said supplemental deed power is given to the board of direction for the time being of the said company -from time to time to appoint in any district city town or place in any Colony or Possession of the United Kingdom local boards of directors And whereas by the eighth clause thercof it is declared that the said board of direction shall have full power and authority to delegate to cach or any such local board in such manner as they shall be advised and think proper all and singular or any of the functions dutics privileges and powers with which they then were or thereafter might be invested including the power to sign policies to appoint and employ agents to exccute letters of attorney to retain invest and employ on behalf of the company any money sccurities for moncy or other property of the company which may come into their hands and generally to do such other acts as may be necessary for the full and complete discharge and performance of all matters and things connected with the business of the company in the place for which such local board might be appointed And whereas by the ninth clause of the said supplemental decd it is declared that any investment which may be made by any such local board in any British Colony shall be made and taken in the names of three Trustees who shall be residents in such Colony And whereas the board of direction of the said company by virtuc of the power given to them by the said supplemental deed of settlement has appointed a local board of directors in the city of Sydney in this Colony And whereas the said local board of directors by virtue of the powers delegated to them by the board of direction has appointed Joseph Scaife Willis Edward Knox and George Kenyon Holden all residents in this Colony to be the now Trustees for the company in whom all lands tenements and hereditaments situate in this Colony belonging to the company as absolute owners or as mortgagees or otherwise and all moneys belonging