1. To discount bills of exchange, promissory notes, and other nego- Form 37. tiable instruments, and to make advances upon, and invest in, all kinds Discount of securities, and generally to carry on the business of a bill discounter, company. bill broker, and money lender. For other forms, see Overend, Gurney & Co. v. Gurney, 4 Ch. 702; and In re Barned's Banking Co., 2 Ch. 674. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (12), (14), (20), (22), (23). 1. To insure against loss or damage by fire, storm, or accident, build- Form 38. ings, chattels, and effects, and real and personal property of all kinds. Fire insurance 2. To purchase, and undertake, all or any part of the business, pro- company. perty, and liabilities, of any other insurance company, whose objects shall be altogether or in part similar to those of this company. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (22), and (23). 1. To acquire, establish, and maintain oyster and mussel fisheries in Form 39. the estuary of, &c., or elsewhere off the coast of the county of Under the "Sea Fisheries Act, 1868" (31 & 32 Vict. c. 45), the Board of Trade can make provisional orders for the establishment, improvement, maintenance, and regulation of oyster and mussel fisheries. The rules can be obtained from the railway department of the Board. 2. To form oyster and mussel beds, and to stock, cultivate, and improve the same, and for that purpose to purchase, dredge, relay, propagate, and fatten oysters and mussels. 3. To work, dredge, and develop the said fisheries, and to sell the produce thereof, and generally to carry on the business of a proprietor of oyster and mussel fisheries. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (18). Fishery. 1. To manufacture, sell, and supply gas in the town of, and Form 40. elsewhere in the parishes of, &c., in the county of ; and to carry Gas-works on the business of a gas-works company in all its branches. 3. To construct, manufacture, and maintain works for holding, receiving, and purifying gas, and all other buildings and works, meters, pipes, fittings, machinery, apparatus, and appliances convenient or necessary for the purposes of the company. company. Form 40. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), and (18). The Gas and Water Works Facilities Act, 1870, enables the Board of Trade in certain cases to make provisional orders, authorising the construction of gas and water works and the acquisition of land, &c. One of the rules of the Board is that if the promoters desire incorporation they must register themselves under the Company's Act, 1862, and a considerable number of companies have been formed in compliance with this rule. Copies of the rules can be obtained from the publishers of this work, and forms of orders can be found in the schedules to the Confirmatory Acts passed each year. See also the Gas and Water Works Facilities Act, 1870, Amendment Act, 1873, 36 & 37 Vict. c. 89. Form 41. Guarantee company. 1. To carry on the business of a guarantee company in all its branches, and, in particular, to issue policies guaranteeing the fidelity of persons filling or about to fill situations of trust or confidence, and to guarantee the payment of rents, and the performance of contracts of all kinds. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (22), and (23). Form 42. Hotel company. Form 43. Land company. Form 44. Law society. 2. To carry on the business of a hotel and tavern keeper, a lodginghouse keeper, a wine and spirit merchant, and a livery stable keeper. Add common Forms, supra, p. 67, et seq., except (1) to (5), (7), (10) (14), (18), (22), and (23). 1. To carry on all or any of the businesses usually carried on by Land Companies, in all their several branches, and in particular to lay out and improve, alter, and develop, by draining, clearing, road-making, or otherwise, any property of the company, and thereon to erect and construct, or assist in the erection or construction of, any buildings or works whatsoever, and to pull down, alter, and rebuild any existing erections or buildings required by the company. Add common Forms, supra, p. 67, et seq., except (1) to (5), and (10), and (14). 1. To support and protect the character, status, and interests of solicitors practising within twenty miles of the Town Hall at N.; to promote honourable practice; to suppress malpractice; to settle disputed points of practice; to decide all questions of usage or courtesy in conducting legal business of all kinds. Law societies are frequently registered as companies, limited by guarantee. See supra, p. 49. The licence of the Board of Trade is readily obtained on the usual conditions for registration without the word "limited" as part of the name. Form 44. See supra, p. 49. For articles of association, see infra. The guarantee is usually 51. or 101. to 2. To consider, originate, and promote improvements in the law; to consider alterations in the law, and oppose or support the same ; effect improvements in administration and practice; for the purposes aforesaid to petition Parliament and take such other steps and proceedings as may be deemed expedient. 3. To encourage the study of law by articled clerks of solicitors, and with a view thereto to give prizes and rewards. 4. To form and maintain a law library at 5. To erect any buildings required for the purposes of the society. 6. To subscribe to, &c. [Form 63, paragraph 7.] Add common Forms, supra, p. 67 et seq., (11), (16), (19), (24), (25), and (26). and elsewhere, circu- Form 45. 1. To establish and maintain in the City of lating libraries, and also reading and writing rooms, and a reference Library. library, and to furnish the same respectively with books, reviews, magazines, newspapers and other publications, including instrumental and vocal music. 2. To carry on the business of booksellers, stationers, publishers, and restaurant proprietors, and to carry on the business of booking seats at theatres and other places of entertainment. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (22), and (23). ance, &c. 1. To grant or effect assurances of every kind on the life or lives of Form 46. any person or persons whomsoever, and on survivorships, and to make Life assurand effect all such other assurances connected with life or the nonexistence or failure of issue, general or special, and on or in connection with any other contingency or contingencies, event or events, as may be legally granted or effected. [For other Forms see In re Empire Assurance Co., 4 Eq. 341.] 2. To grant or assure, life annuities, and deferred, or contingent annuities, of every description, and also endowments, marriage portions, for children and others, and any other deferred, or future, payments, provisions, and advances. Before a company, intending to issue policies of assurance, or to grant annuities upon human life, within the United Kingdom, can be incorporated under the Act of 1862, a deposit of 20,0001. must be paid into Court. See 33 & 34 Vict. c. 61; 34 & 35 Vict. c. 58; and 35 & 36 Vict. c. 41. See also Buckley, 625, et seq., where also will be found the rules of the Board of Trade. Owing to these salutary enactments, comparatively few life assurance companies are now formed. 3. To acquire, by purchase or otherwise, life and other interests in G Form 46. real or personal property, whether in possession, reversion, remainder, or expectancy, and whether vested or contingent, absolute or defeasible, and whether the same or any of them are to take effect or to come into possession upon the said determination or dropping of any one or more life or lives, or on the expiration of any term or terms of years, or on any other event or events whatsoever. Form 47. Livery stable keepers. 4. To advance money by way of loan or security or otherwise, and generallyto carry on and transact every kind of business which may be legally carried on and transacted by any life assurance, annuity, endowment, reversionary interest, and loan company. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (22), and (23). This company, it will be observed, is not a life assurance company, pure and simple. 1. To carry on all or any of the following businesses, namely, liverystable keepers, job masters, carriage, cab, and omnibus proprietors, and horse dealers. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (18), (22), and (23). Form 48. Marine insurance. Form 49. Mutual ship insurance company. 1. To insure against every description of marine insurance risk, which may be legally undertaken, relating to perils of the seas, fire, men-ofwar, reprisals, and all other risks of like nature incidental to the seas, ships, vessels, and craft of all descriptions, and also the freights, goods, merchandise, cargo, earnings, and property in or on board the same, whether the property of members of the company or not, so far as the same may be effected or made according to law; and also to insure all other matters and things which lawfully may or can, from time to time, be insured, or be the subject of insurance, against the perils of the sea; and generally to carry on marine insurance in all its branches. 2. To purchase, or otherwise acquire, all or any part of the business, property, and liabilities of any other company carrying on any business which this company may carry on, and generally to purchase, take on lease, hire, or otherwise acquire any real or personal property which may be convenient or necessary for the purposes of the company. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (22), and (23). 1. To insure upon the mutual principle against every description of marine risk which may be lawfully undertaken, ships, vessels, and craft of all kinds, in which the members of the company are interested as owners, managing-owners, mortgagees, agents or otherwise. 2. To purchase, take on lease, hire, or otherwise acquire, any real or Form 49. personal property necessary or convenient for the purposes of the company. Add common Forms, supra, p. 67, et seq., except (1) to (5), (10), (14), (22), and (23). It was formerly thought that mutual insurance societies were not to be considered as formed with a view to gain, so as to require, if consisting of more than twenty members, to be registered under the Act of 1862. See s. 4 of the Act. Buckley, p. 3; Arnould on Marine Insurance, 5th ed., vol. I., p. 152. But in Ex parte Hargrove & Co., 10 Ch. 542, the Master of the Rolls decided that a mutual insurance society, the rules of which, so far as material to the question, were in the ordinary form, was within s. 4 of the Act and not having been registered was an illegal association. Since this decision, several hundred mutual insurance societies have been registered. Their objects, for the most part, are the insurance of vessels or freight. In most cases only a particular class of vessels is insured, e.g., iron steamships, or vessels of not less than 1000 tons burden, or vessels engaged in a particular trade, e.g., coal trade. In the first edition of this work a form of articles of association of a company established for the mutual insurance of iron steamships was given. The articles were suitable for use either in the case of a company limited by guarantee or unlimited. But as the number of mutual insurance companies from time to time formed is so small, the writer has thought that the precedent may be omitted in the present edition without much detriment. 1. To establish and maintain at, in the county of of works relating to the medical and allied sciences. a library Form 50. Medical 2. To advance and encourage professional knowledge, study, and institute. research, by the establishment and maintenance of physiological and pathological laboratories and museums, the delivery of lectures, the giving of prizes and rewards, and by such other means as may be thought expedient. 3. To relieve poor and necessitous members of the medical profession, who may, through bodily or mental infirmity, or other misfortune, be incapacited for practice, and also the wives and families of such persons. 4. To relieve poor and necessitous widows, children, and other relations of deceased members of the institute. 5. To construct, alter, and maintain any buildings necessary or convenient for the purposes of the society. Add common Forms, supra, p. 67, et seq., (11), (16), (19), (24), (25), and (26). A society with such objects as above, may be registered pursuant to s. 23 of the Act of 1867. See supra, pp. 49, 64. The articles, infra, Form 70, can be easily adapted. The society would be limited by guarantee. See supra, p. 62. 1. To purchase or otherwise acquire, and work, mines, minerals, and Form 51. mining rights, lands, hereditaments, and chattels in the state of in the United States of America, and in particular the land, minerals, mining c 2 Foreign company. |