Power to

make ar

Georgia Express Company.

Companies, and other carriers in this State and elsewhere, for the for transpor. transportation of goods, wares, merchandise, gold and silver coin, ation and to bullion, bank notes, currency and other articles of value, as may

charge for

Style.

Powers.

be necessary to carry out the purposes of said incorporation, and for the safe and speedy transmission of said articles of value, goods, and so forth, in the State of Georgia, charging therefor a reasonable compensation for such transportation, reserving to the Legislature the right to prescribe, at any future time, the rates of such charges.

SEC. VIII. That the principal office of said Company shall be in the city of Atlanta, and said Company shall have power to establish branch offices in such parts of the State and elsewhere as may be necessary to carry out the purposes of this incorporation. SEC. IX. That the stockholders shall be jointly and severally bound in their private property for the debts, liabilities and losses, of said corporation, so long as they are members of the said ComSEC. X. That this Act shall take effect from and after its passage, and shall continue for and during the full term of thirty years.

pany.

SEC. XI. That whenever any stockholder transfers his stock, he shall give notice of the same in some newspaper published at the place where the corporation has its principal office. SEC. XII. Repeals conflicting laws.

Approved 7th March, 1866.

V. GAS LIGHT COMPANY.

ACT NO. 146, ROME GAS LIGHT COMPANY.

(No. 146.)

An Act to incorporate the Rome Gas Light Company.

SEC. I. The General Assembly of the State of Georgia do enact, That W. S. Cothran, Alfred Shorter, Andrew M. Sloan, M. Dwinell, J. J. Cohen, P. M. Sheibley, Wm. A. Barron, N. J. Bayard, Terence McGuire, James G. Yeizer, Albert G. Pitner, and their associates, successors and assigns, be aud they are hereby declared to be a corporated. body corporate and politic in deed and in law, by the name and style of the "Rome Gas Light Company," and as such, shall have power to adopt, make and use a common seal, and the same at their pleasure to alter and renew, to make and execute such bylaws, rules and regulations, not repugnant to the laws of the land, as they may deem necessary or convenient for the government of the corporation, to have perpetual succession of members and officers, conformably to such by-laws, rules and regulations, to sue and be sued, plead and be impleaded, in any Court of law or equity, to purchase, receive and hold lands, tenements, goods and chattels, and the same to sell, convey and assign, and generally to have, exercise and enjoy all such rights and privileges, and be sub

Rome Gas Light Company.

ject to all such liabilities as are incident to bodies politic and corporate.

facture gas o

to lay down

streets.

SEC. II. That the said corporation shall have full power and authority to make, manufacture and sell gas, to be made of coal, ro- May manusin or other materials, for lighting the streets, public and private coal, &c. buildings, and other places in the city of Rome, and shall be and is hereby authorized and empowered to lay down in any and all of Empowered the streets, lanes, avenues, alleys, squares and public grounds of gas pipes in said city, gas pipes and other apparatus for conducting gas through the same, and to erect therein such gas posts, burners and reflectors as may be necessary or convenient; Provided, that the public Proviso. thoroughfares shall at ro time be unnecessarily interrupted or impeded by the laying down or erection thereof, and that the said streets, lanes, avenues, alleys, squares and public grounds shall not be thereby injured, but shall be left in as good state and condition as they were before the laying down of said pipes, conductors, or other apparatus and the erection of said posts.

SEC. III. That the capital of said corporation shall be divided into shares of twenty-five dollars each, and be transferable only Shares. on the transfer book of the Company, and until such transfer is regularly made thereon, shall be held bound and liable for all Liabilities. debts due and owing to the corporation by the holder thereof, and by order of the Directors, in conformity to such by-laws as the stockholders may adopt in relation thereto, may be sold at public auction, for the purpose of paying any debt or debts due by the individual stockholders to the Company, they accounting to such company to stockholders for any surplus of the proceeds of such sale remaining after the payment of such debt or debts.

account for surplus after

sale:

SEC. IV. That the affairs of said corporation shall be managed Affairs, how by a Board of five Directors, to be elected annually, on such day managed. as may be fixed by the by-laws of the Company, of whom one shall be elected to preside over the Board, to be known as, and to discharge the duties of, President of said corporation, and that at all President. elections of Directors, and in all meetings of the stockholders, each stockholder shall be entitled to one vote for each share of votes. stock standing in his or her name, and said stock may be represented by the attorney or proxy of the stockholder.

fice.

SEC. V. That if at any time an election of Directors should not take place on the day appointed by the by-laws, the corporation shall not be dissolved for that cause, but the Directors previously elected shall continue to exercise as theretofore the functions of their office as such, until others be elected in conformity to the by-laws. SEC. VI. That if any person or persons shall wilfully do or cause to be done any act or acts whereby to injure any pipe, conductor, metre-machine, or other thing whatever appertaining to the gas works of said Company, whereby the same may be stop-works misde ped, obstructed or injured, the person or persons so offending shall be considered guilty of, and may be indicted for, a misdemeanor,

Injury to

meanor,

Penalty.

incorporated. Style.

Augusta Mutual Insurance Company.

and being thereof duly convicted, shall be punished by a fine not
exceeding two hundred dollars, or imprisonment in the common
jail not exceeding sixty days, or by both fine and imprisonment not
exceeding the said sum and time, and such criminal prosecution
shall in no wise impair the right of action for damages which the
said Company is hereby authorized to institute in any Court having
cognizance and jurisdiction of the same.
Approved 1st March, 1866.

VI. INSURANCE COMPANIES.

ACT NO. 147, AUGUSTA MUTUAL INSURANCE COMPANY.

148, CITIZENS INSURANCE COMPANY OF ATLANTA.

149, COMMERCIAL INSURANCE COMPANY OF AUGUSTA.

"C 150, EMPIRE STATE INSURANCE CGMPANY,

66

"151, GATE CITY INSURANCE COMPANY.

152, GEORGIA CITIZENS INSURANCE COMPANY.

"153, GEORGIA LIFE AND ACCIDENT INSURANCE COMPANY OF THE

CITY CF ATLANTA.

"154, GREAT SOUTHERN INSURANCE COMPANY.

"155, MERCHANTS AND PLANTERS INSURANCE COMPANY OF COL UMBUS, GEORGIA,

"156, NORTH AMERICAN FIRE INSURANCE COMPANY OF ATLANTA. 157, OGLETHORPE INSURANCE COMPANY OF SAVANNAH.

(No. 147.)

An Act to incorporate the Augusta Mutual Insurance Company.

SEC. I. The General Assembly of the State of Georgia do enact, That Joseph M. Newby, George T. Barnes, Daniel B. Plumb, William C. Jones and Henry W. Carr, and their associates and successors, shall be a corporation under the name and style of the Augusta Qfice, where Mutual Insurance Company, and shall keep their office at such. place as may be agreed upon by the officers herein provided for, and shall elect their own officers, and shall enjoy all the privileges and powers incident to such corporations.

Election.

Totes.

Proviso.

SEC. II. That at all meetings of said corporation, every matter shall be decided by a majority of votes, each member holding a policy for one year or longer, being allowed one vote, and if his policy exceed one thousand dollars, an additional vote for every thousand; Provided, that insurers under open policies shall be entitled to vote in proportion to the amount actually insured under their policies; And provided, further, that no insurer under an open policy shall be entitled to more than ten votes, with the right of voting by proxy, and such corporation may choose such officers and for such length of time as they may deem necessary, but no Essued when policy of insurance shall be issued by said Company, until the sum subscribed to be insured shall amount to fifty thousand dollars.

Trovias.

Officers, terms of.

Policies, to be

Corporation
Vinsure

SEC. III. That said corporation may insure for any term not what, for how exceeding ten years any houses, goods, or other species of property, against loss or damage by fire or water, such damage or loss not resulting from the carelessness, negligence or design of the

suring lives.

able to who

party insured, and to any amount not exceeding three fourths of To what amt. the value of the property insured, property on ship-board or in storage not subject to this limitation, and not exceeding ten thous-Limits. and dollars on any one block of buildings or stock of goods. Said corporation thall further have the power of insuring the lives of Power of ins persons for any term of years or for life, may grant annuities, and make any and every contract in which the risk of life shall be a part thereof. And said corporation shall further have the right and power to make the sum insured in any life policy payable to Policies paythe wife of the person insured, or to his wife and children; and in these cases the sums insured shall be payable to the said wife or wife and children, as the case may be, for their sole use and benefit, free from the claims of the representatives or the creditors of the party insured; Provided, the annual premium shall not exceed Proviso three hundred dollars. The Directors of said corporation are hereby further empowered, at any time, to make the insurance of the lives of persons and the granting of annuities a separate department of their business; and all the contracts, liabilities, claims, receipts, expenses aud investments of the life department Life depart shall be distinct from the other business of the corporation, as much as if they belonged to another Company. And the officers of said corporation shall invest the funds belonging to the life department only in stocks of the United States, or of the several How funds States, or in bonds and mortgages on unencumbered real estate, veated. worth, in the opinion of the Directors, at least four times the amount loaned thereon.

ment.

shall be in

transfer the

SEC. IV. That the said corporation shall have authority, whenever the Convention of stockholders shall consent thereto, to Authority to transfer and assign to any Company which may be hereafter incor-busines. porated for that purpose, either in this State or any other, all the business, assets, claims, funds, investments, rights and privileges, belonging and appertaining to the life department of said Company; Provided, that the said new Company, to which it shall be trans-Proviso, ferred, shall assume all the liabilities and obligations of said Augusta Mutual Insurance Company, which shall then exist for and con account of the said life department.

be re

SEC. V. That whenever such transfer shall have been made, in pursuance of this Act, and accepted by the said new Company, Company the said Augusta Mutual Insurance Company shall be released leased from from all liability and responsibility on policies or other liabilities wh of the life department.

when.

SEC. VI. That whenever said corporation shall make insurance on any property, the member so insured shall pay the required Premium premium in cash, or give his note or bond, well secured, for the amount of the insurance money, payable one day after date, and shall deposit in money with the Treasurer of the corporation, at least ten per cent. of said note, which shall be entered as a credit thereon, and the fund thus raised may be applied to the losses and Fund how ordinary expenses of the corporation, and in the event of the ac

applicable

Augusta Mutual Insurance Company.

cumulated surplus beyond the necessities of said corporation, the Dividend. Directors are hereby authorized to divide the same among the stockholders thereof, according to the respective amounts of their premiums, and the Directors may, at any time thereafter when the necessities of the Company require it, collect such further sums Assessments. as may be necessary, by making assessments on said notes in pro-portion to the original amount of each note, giving thirty days notice by mail to each member, but no member shall in any event be liable to pay more than his premium notes or cash premium.

losses,

rector.

SEC. VII. That whenever any person shall sustain any loss of the Payment of property so insured, he shall, within thirty days after his knowledge of said loss, and in case of real estate before any repairs or alterations are made, give notice in writing of the same to some one of Doto of Di the Directors or other person appointed by the Directors, whose duty it shall be to view immediately the premises where the loss occurred, or otherwise make satisfactory inquiries into the circumstances attending it, and under oath determine in writing, by him subscribed, the amount, if any, of the liabilities of said corporation for such loss, and if the sufferer shall not acquiesce in such estimate, he may, within sixty days after he is notified of the estimate, bring an action at law against said corporation; if in this action he shall not receive his damages, more than the amount estimated as aforesaid, he shall be liable for all costs incurred in the Costs of suits Suit, and execution shall issue against the corporation only for such amount as may be allowed after deducting said costs of suit, but if the amount allowed shall be greater than the estimate, then the corporation shall be liable for all the costs of the suit.

by whom payable.

May hold real and personal property.

Seal.
By-laws.

SEC. VIII. That said corporation shall be entitled to hold reab and personal estate to any amount necessary for the purpose of the same, shall have and use a common seal, and shall have powers to make such by-laws, rules and regulations as may be thought. proper, not repugnant to the laws of this State.

SEC. IX. That when said corporation shall make insurance on any property, the interest of the person insured in said property: shall be held as security for the payment of the deposit note given The policy to the corporation, and the policy of the insured shall, from the on property. time it issues, create a lien on the said property, and no transfer of the property shall affect the said lien; Provided, it shall be express-ed in the policy that the insurance is made subject to such lien.

shall be a lien

Proviso.

Neglect or re

assessment.

SEC. X. That if any member of said corporation obtaining in-surance, or in case of his death, his legal representative, shall refusal to pay fuse or neglect to pay any assessment within thirty days after the demand be made, or any installment on his deposit note, he shall be liable to a suit therefor by the corporation in any Court havingcompetent jurisdiction, and also the liability of the corporation for the policy under which the payment is withheld, shall be suspended until said payment is made, and if said payment is not made Policy for within six months, the said policy shall be to all intents and purposes forever forfeited,

feited.