Statutes of Illinois Construed, Containing the Statutes of 1874, as Amended by the Acts of 1875 and 1877

Statutes of Illinois Construed, Containing the Statutes of 1874, as Amended by the Acts of 1875 and 1877

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1878 edition. Excerpt: ...per cent. of its paid "P capital. Acts 1877, p. 120. _ '7 7. 0pening books of joint stock and mutual companies-l_ _ It shall and may be lawful for the individuals associated for the purpose of 0i'E""lzmi' any company under this act, after having published the' notice and filed the dB_@-lam' ition and charter as required by the third section of this act, and also, on filing "'_ lb'; oifice of the auditor of public accounts proof of such publication by the ufiidfl.m.0 the publisher of such newspaper, his foreman or clerk, to open books for SUl)SCI'lPilD to the capital stock of the 'company so intended to be organized, and to keep the saint 'Pe" until the full amount specified in the charter is subscribed; l' in emf the business of such company is proposed to be conducted on the plan of mutual insurance, then to open bool-zs to receive propositions, and to enter into agreements 111 the mam ner and to the extent specified in the sixth section of this act. 8-I'" 1II"1 ofcairital-1 8. It shall be lawful for mo" "'"""aiiii comp"? 1'ganized under this act, or any such company incorporated under.:1l, lt') 3;-of this State, to invest its capital and the fund accumulated in the course of its 11; Hess, or any part thereof, in bonds and mortgages on improved tllllllfillmbered re-estate within the State of Illinois, worth fifty per cent. more than the 5"?' s_ thereon (exclusive of buildings, unless such bufldinos are insured nnd the p0llC)' W" ferred to said company); and, also in the stocks gt' this State, or stocks or treasury 110tes of the United States; and, also, in the bank stock...show more

Product details

  • Paperback | 722 pages
  • 189 x 246 x 37mm | 1,266g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236746252
  • 9781236746252