Other formats

    Adobe Portable Document Format file (facsimile images)   TEI XML file   ePub eBook file  

Connect

    mail icontwitter iconBlogspot iconrss icon

The Pamphlet Collection of Sir Robert Stout: Volume 88

Memorandum of Association

page break

Memorandum of Association.

1st. The name of the Company is "The Colonial Insurance Company of New Zealand."

2nd. The Registered Office of the Company is to be established in the City of Wellington.

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 page 6 other part of the world, and any interest whatsoever therein respectively; and also to undertake and effect insurances upon Marine risks of or upon 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, and also to take and effect insurances upon any other risks whatsoever, which, in the opinion of the Directors of the Company for the tune 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 tilings 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 Sterling, divided into Two Hundred Thousand Shares of Ten Pounds each.

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, page 7 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 Shares taken by Each Subscriber.
C. J. Pharazyn, Wellington 2,000
G. Randall Johnson, Wellington 2,000
Jacob Joseph, Wellington 2,000
A. De B. Brandon, Wellington 2,000
E. W. Mills, Wellington 2,000
Morgan S. Grace, Wellington 2,000
Walter J. Nathan, Wellington 2,000

Dated this 25th day of April, 1878.

Witness to the above signatures,

A. De B. Brandon, Jnr.,

Solicitor, Wellington.