entered in the minutes of said company, and gives further notice to the stockholders of the declaring of such dividend, by advertising his said protest, within ten days thereafter, in a newspaper published in the city of Denver.

This act to take effect and be in force from and after its passage.

GUSTAVUS A. COLTON, Speaker of House of Representatives. W. W. UPDEGRAFF,

Approved February 25th, 1860.

S. MEDARY,

Governor.

President of the Council.

CHAPTER CLXXVII.

AN ACT to incorporate the Leavenworth Fire, Marine, and Life Insurance
Company.

Be it enacted by the Governor and Legislative Assembly of the
Territory of Kansas:

SECTION 1. That all persons that do become stockholders in the capital stock hereinafter mentioned, their successors and assigns, shall be, and are hereby constituted and made a body Corporate name. corporate, by the name and style of the Leavenworth Fire, Marine, and Life Insurance Company. The office of said company shall be in the city of Leavenworth in this territory.

Cffice where kept.

Of stock.

How increased.

SEC. 2. The capital stock of said company shall be one hundred thousand dollars, and said capital stock shall only be increased as hereinafter provided for. Said capital stock shall be divided into shares of one hundred dollars each; five per cent. shall be paid by each subscriber on the capital stock by him subscribed, at the time of subscribing for the same, How subscribed. the remainder to be paid or to be secured to be paid on real estate or other security, as the directors hereinafter named shall deem sufficient, and until one hundred shares of said stock is subscribed for and paid, or secured to be paid as aforesaid, shall not commence business.

When begin bu.. siness.

Of officers.

SEC. 3. That the stock, property, and affairs of said company shall be managed and conducted by not less than six directors, and such officers, clerks and agents and other per

sons as said directors may appoint from time to time. Said directors shall serve until their successors are elected and qualified. The annual election of directors shall be held in the city of Leavenworth, on the first Monday of April in each year. The polls shall be open from 2 P. M. until 4 P. M., of said day, of which notice shall be given in one newspaper published in the city of Leavenworth, at least two weeks previous to said election. The first election shall be held under the supervision of three of the stockholders, to be designated by a majority of the stockholders present at the time of opening of the polls; all succeeding elections to be held and conducted by three stockholders, to be designated by the directors of said company. Said officers shall be elected by a plurality of the votes present at any election for that purpose, and their proxies, allowing one vote for every share of stock.

Of elections.

vice-president.

SEC. 4. That it shall be the duty of said directors on President and organising, and annually thereafter, to choose from their number a president, and they may elect a vice-president and secre tary. The vice-president's duty shall be to perform all the duties of the president in the case of his absence or inability.

SEC. 5. That D. R. Anthony, Champion Vaughan, John First directors. A. Halderman, A. C. Wilder, G. W. Gardner, and J. L. McDowell, shall be the first directors of said company, and are hereby constituted commissioners to receive subscriptions to the capital stock of said company; and when said capital stock of stock. shall be subscribed and paid, or secured to be paid, as is mentioned in the second section of this act, the said commissioners

shall call a meeting of the stockholders, by personal or written call meeting. notice, stating the time and place at which said meeting shall be held. At the time and place so specified, the stockholders and their proxies shall by resolution determine the number of directors of said company-not less than six nor more than twelve.

Powers of in

SEC. 6. That said company shall have power to make insurance upon vessels, freight, goods, wares, merchandise, surance. specie, jewels, bank notes, bills of exchange, and other evidences of debt, and to make all and any insurance connected with marine risk, also upon buildings, household furniture, and other property, against loss or damage by fire or storm, and to receive deposits, either in exchange, gold, silver, or bullion, and in their discretion, and under such by-laws and regulations as they may from time to time adopt, either issue

Cause them. selves to be insured.

Of contracts.

Of securities.

their certificates therefor, or issue policies of insurance on the same while in transitu, either by water or by land carriage, to and from any part of the United States or territories, and also all or every insurance connected with life-insurance, and to cause themselves to be insured when deemed expedient against any risk or risks on which they may have or make insurance.

SEC. 7. That the policies of insurance and other contracts authorised by this act, which may be made and entered into by this corporation, may be with or without seal thereof, and shall be subscribed by the president and attested by the secretary, and being so signed and attested shall be binding and obligatory upon said corporation, unless otherwise expressed therein.

SEC. 8. That it shall and may be lawful for said company to take and hold any real estate or securities, mortgages or pledges, to the said company, to secure the payment of any debts which may be contracted by or with said company, and to foreclose the same, or to purchase on sale made by virtne of any judgment at law, or by order or decree of any court of equity, or any other legal proceeding, or otherwise, to receive. and take any real or personal estate in payment or towards satisfaction of any debt previously contracted due said company, and to hold the same until they can conveniently sell and convert the same into money or otherwise. The said company may in their discretion invest their surplus capital May invest sur in public or private stocks, or real estate, as may seem to best promote the interests of said company.

plus.

Stock transferable.

Of dividends.

SEC. 9. That the capital stock of said company shall be transferable, according to the rules and regulations prescribed by the directors. A neglect, for thirty days, to pay or secure any installments due on stock, shall work a forfeiture of

same.

SEC. 10. That it shall be lawful for the directors of said. company to make a dividend of the profits of said company as often as they may deem prudent, but at no time shall they impair the capital stock in so doing, under penalty of rendering themselves (the directors) individually liable to the stockholders for the same.

This act to take effect and be in force from and after its

AN ACT to incorporate the Wyandott City Insurance Company.
Be it enacted by the Governor and Legislative Assembly of the
Territory of Kansas:

SECTION 1. That T. T. Abrams, George B. Wood, Daniel Killin, Alson C. Davis, J. R. Parr, William L. McMath, Luther H. Wood, John McAlpin, Isaiah Walker, W. Y. Roberts, Silas Armstrong, William P. Overton, Hiram Northrup, Hiram Wood, P. S. Post, Thos. J. Barker, Nicholas McAlpin, Wm. H. Irvin, Thos. H. Swope, Louis M. Cox, N. C. Claiborne, Joseph Speck, Wm. McKay, and all other persons who may hereafter associate with them in the manner hereinafter prescribed, shall be a corporate body by the name of the

Corporators.

ers.

Wyandott City Insurance Company:" shall have power and Name and pow authority to make contracts of insurance with any person or persons, or any body politic or corporate, against loss or damage by fire, of steam property, such as steam saw-mills, sash and blind manufactories, steam planing-mills, tanneries, and all other buildings, and their contents, used for hazardous and extra-hazardous purposes, for such term or terms of time, and Terms of confor such premium or consideration, and such modifications and restrictions as may be agreed upon between the said corporation and the persons agreeing with them for said insurance.

tracts.

dott.

SEC. 2. That the operations, business and office of said office at Wyancorporation shall be carried on and conducted at the city of Wyandott, Wyandott county, Kansas territory.

Those insuring

bers.

SEC. 3. That all persons who shall hereafter insure with the said corporation, and all their heirs, executors and admin- become mem istrators and assigns, continuing to be insured in said corporation, as is hereinafter provided, shall thereby become members

First directors.

Hold ffice how long.

thereof during the period they shall remain insured by said corporation, and no longer.

SEC. 4. That the afiairs of said corporation shall be managed by a board of "thirteen (13) directors," to be chosen by ballot from among the members, a majority of whom shall constitute a quorum for the transaction of business. J. R. Parr, T. T. Abrams, G. B. Wood, Hiram Northrup, Isaiah Walker, Louis M. Cox, Wm. L. McNath, John McAlpin, Joseph Speck, Thos. H. Swope, N. C. Claiborne, P. Sidney Post, William McKay, shall be the first directors of said corporation, and shall respectively hold their offices as directors until their successors shall be appointed, as follows: J. R. Parr, William McKay, T. T. Abrams, and G. B. Wood, for two years; John McAlpin, Hiram Northrup, N. C. Claiborne, Thos. H. Swope and William L. McNath for three years; Isaiah Walker, Louis M. Cox, P. Sidney Post and Joseph Speck, for four years respectively. The first election for directors shall be had the first Wednesday in April, A. D., First election. 1860, and annually thereafter on the first Monday of January. The persons who shall be chosen directors at the general election, shall respectively hold their offices for the term of three years. All of said elections shall be held after notice of the same shall have been published in some public paper in said county at least two weeks preceding such election.

Officers.

Term of office.

Executive com. mittee, powers.

Rates of insurance.

SEC. 5. The board of directors shall elect a president, vicepresident, and appoint a secretary, treasurer, and executive committee, of their own members, and they may appoint a general agent; all of whom may hold their office during the term for which they may be elected or appointed, not exceed ing five years at any one appointment; and said board of directors may appoint such subordinate agents and officers as they may deem necessary; which subordinate agents and officers may hold their offices during the pleasure of said board. The executive committee, when the board of directors is not in session, may exercise all the powers vested in this company, except as shall be otherwise provided by said board in their by-laws.

SEC. 6. That the rates of insurance shall be from time to time fixed and regulated by the directors of the company and premium notes therefor shall be received from the insured, which shall be paid at such time or times and in such sum or sums as the corporation shall from time to time require, and