The Pamphlet Collection of Sir Robert Stout: Volume 88
Memorandum Of Association of the Union Fire & Marine Insurance Company OF New Zealand. — Memorandum of Association
Memorandum Of Association of the Union Fire & Marine Insurance Company OF New Zealand.
Memorandum of Association.
1st. The name of the Company is "The Union Fire and Marine Insurance Company of New Zealand."
2nd. The Registered Office of the Company is to be established in the City of Christchurch.
3rd. The objects for which the Company is established are "To undertake and effect Insurances against loss, destruction, or damage by fire upon or in respect of Dwelling-houses, Warehouses, Shops, and all other kinds of buildings and erections whatsoever, situate in any part of the Colony of New Zealand, or in any other part of the world, or the rents thereof, or mortgages thereon, or any interest whatsoever therein respectively; and also upon or in respect of all kinds of Goods, Wares, Merchandise, Household and other Furniture and Effects, Farming Produce, Live Stock, and Chattels, in the said Colony of New Zealand, or in any other part of the world, and any interest whatsoever therein respectively; and also to undertake and effect insurances upon Marine risks of or upon page 6 Ships or Vessels in harbour, or to sail from and to, or from or to any port or ports in the world, and either for a particular voyage, or particular voyages, whether coasting or otherwise, or for and during a certain time, or upon any other Marine risks whatsoever, which, in the opinion of the Directors of the Company for the time being, shall be of an insurable character; and generally to effect and carry out all and singular the objects and purposes usually considered to be embraced in and by the several kinds of insurance business aforesaid; including the investment of money on mortgage, or other security of property real or personal in New Zealand, or elsewhere, and the purchase, exchange, sale, leasing, or otherwise disposing of any property, real or personal, in New Zealand or elsewhere; and the acquirement of any legal status in any part of the world, for the purpose of carrying on the business of the Company, and the doing of all or any other acts and things whatsoever which may be necessary, incidental, or conducive to the attainment of the said objects." It shall also be within the scope and objects of the Company to purchase the goodwill and business in New Zealand, or elsewhere, and undertake, or take over all the liabilities in New Zealand, or elsewhere, of any other Fire or Marine Insurance Company or Companies, upon such terms as may be mutually agreed between the Company and such other Company or Companies as aforesaid.
4th. The liability of the Shareholders is unlimited.
5th. The nominal capital of the Company is Two Million Pounds Steeling, divided into One Hundred Thousand Shares of Twenty Pounds each.page 7
We, the several persons whose names and addresses are subscribed, are desirous of being formed into a Company, in pursuance of this Memorandum of Association, and we respectively agree to take the number of Shares in the capital of the Company set opposite to our respective names.
|Names and Addresses of Subscribers.||No. of Shu res taken by Each Subscriber.|
|John Studholme, of Merivale, Christchurch||250|
|W. Reeves, of Christchurch||250|
|J. T. Peacock, of Hawkesbury, St. Albans, Christchurch||250|
|T. M. Hassal, of Christchurch||250|
|W. D. Carruthers, of Christchurch||250|
|Josh Palmer, of Christchurch||250|
|Geo. G. Stead, of Christchurch||250|
|Total Shares taken||1750|
Philip Hanmer,Solicitor, Christchurch.