LEVIN WINDER, ESQ. GOVERNOR.

55

Harris, George I. Brown, John G. Brown, John S. Hol-
lius, Von Kapff & Brune, Cumberland Dugan, M.
M'Blair, John Hullins, Luke Tiernan, John Hoffman,
Justus Hoppe, Joel Vickers, Andrew Crawford, Tho-
mas Parker, Lemuel Taylor, John N. D'Arcy, Frederick
Waesche, George P. Stevenson, Dennis A. Smith, Peter
A. Karthaus, Charles W. Karthaus, Ferdinand Hurx-
that, James A. Buchanan, Samuel Smith, B. W. Hall,
Keller & Forman, Levi Hollingsworth, James I. Wright,
William Pennyman, Job Smith, Samuel Owings, Abra-
ham Worthington, Andrew Clopper, and William Bos-
ley, and such other persons as snail hereafter become
stockholders in the said company, shall be, and are
hereby created and declared to be, a body politic and
corporate, by the name, stile and title of The Uni-
versal Insurance Company, and by the same name shall
have perpetual succession, and shall be able to sue and
be sued, implead and be impleaded, in all courts of law
or equity in this state or elsewhere, and to make and
have a common seal, and the same to break, alter or re-
new at their pleasure, and also to ordain and establish
such bye laws, ordinances and regulations as shall appear
necessary for regulating the concerns of the said corpo-
ration, not being contrary to this act, or to the constitu-

tion and laws of this state, or of the United States.

Dec. Sess.

1813.

2. AND BE IT ENACTED, That the capital stock
of the said corporation shall be five hundred thousand
dollars, divided into five hundred shares of one thousand

dollars each share, and payable one tenth part of each
share on the first day of March in the year eighteen hun-
dred and fourteen, unto Thomas, Parker, who is hereby
empowered to receive the same for the said corporation,
and the remaining nine-tenth parts to be paid as is here-
after directed; and if any person shall neglect or refuse
to pay the same, one tenth part on or before the said first
day of March, he shall cease to be a member of the said
corporation, and his share or shares shall and may be
disposed of by the directors to such person or persons
as may apply for the same, and who may be admitted
members agreeably to the mode hereafter prescribed for

Capital.
Shares. In-
stalments.

the admission of transfers; Provided, That no person or
copartnership shall be a proprietor of more than ten

shares.

Proviso.

3. AND BE IT ENACTED, That for the well or
dering of the affairs of the said corporation, there shall
be twelve directors, (being stockholders in the said com-
pany,) chosen by ballot or proxy, on the second Monday
of January in the year eighteen hundred and fifteen, and
on the second Monday of January in every year there-
after, by a plurality of votes of the stockholders present,
or by proxy, each stockholder having as many votes as
he may hold shares; and the directors so chosen shall
serve for one year next ensuing such election, and until

Directors.
When elected.
Death &c.