902 
     
    
   
   
    
     meeting; and the same Board of Directors, for 
     
     the time being, shall have full power and au- 
     
     thority to meet and adjourn, from time to time, 
     
     and from place to place, as they shall see fit, 
     
     and also to direct, manage and conduct, with 
     
     the assistance of the Secretary, all the affairs 
     
     and business of the Company, and the taking 
     
     and accepting orders of Insurance, fixing the 
     
     premiums therefor, executing, sealing and de- 
     
     livering Policies of Insurance, adjusting, settl. 
     
     ing, paying or compromising for losses claimed 
     
     under- Policies, procuring, purchasing, leasing 
     
     or obtaining suitable buildings, offices, and 
     
     places for the business of the said Company, and 
     
     fitting the same with all things necessary there- 
     
     for, and investing the funds and taking securi— 
     
     ties for the monies of, or debts due to, the said 
     
     Company, upon public or private stock, or real 
     
     or personal securities; provided the same can 
     
     be rendered available for the payment of losses 
     
     within thirty days, and making and carry- 
     
     ing into effect all contracts and bargains touch- 
     
     ing the said Company, and the affairs thereof: 
     
     but subject nevertheless to such orders, bye 
     
     laws, rules and regulations, as at any time shall 
     
     be duly made by the said Company, in restraint, 
     
     control or regulatiOn, of the powers and au- 
     
     thorities hereby vested in the said Board of 
     
     Directors. 
     
    
   
   
    
     XV. That it shall be lawful for the said Board 
     
     of Directors to allow and pay to the Secretary, 
     
     the Treasurer, the Appraisers, and any other 
     
     officers and Servants of the Company, such com- 
     
     pensation and allowances as may be agreed 
     
     upon by the Board of Directors : .the President 
     
     and Directors shall also be entitled to receive 
     
     payment- or remuneration for their services, as 
     
     the Company shall at the annual generalmeeting 
     
     feel disposed to allow. 
     
    
   
   
    
     XVI. That the said Board of Directors shall 
     
     have power and authority, and they are hereby 
     
     strictly required to-cause to be balanced, the 
     
     books of the said Company, up to the thirty- 
     
     first day of December, in every year, or at such 
     
     other period as any general or special meeting 
     
     shall require, and the same being so balanced, 
     
     shall be carefully examined and signed by the 
     
     said Auditors, and approved by the Board of 
     
     Directors, and an abstract of the said balance, 
     
     showing clearly and explicitly the state and the 
     
     affairs of the said Company, and for what 
     
     amount of Insurance the said Company are lia- 
     
     ble, and what; claims for losses have been paid 
     
     and may remain unsettled, and also showing 
     
     how, and in what manner the consolidated funds 
     
    
   
   
    
       
     
    
   
   
    
     ROYAL GAZETTE. 
     
    
   
   
    
     of the Company are invested or disposed and of, 
     
     and what sums of money are due to the Company, 
     
     and also stating such further particulars as by 
     
     the bye laws and regulations of' the Company 
     
     shall be required, shall be produced by them at 
     
     the annual general meeting, for the inspection 
     
     of the members of the said Company. 
     
    
   
   
    
     XVII. That the said Company shall have 
     
     full power and authority, from time to time, at 
     
     the first, or at any of the general meetings, as 
     
     aforesaid, to make, ordain, and put in execution 
     
     such rules, orders and bye laws, as to them 
     
     shall seem meet and proper for regulating the 
     
     proceedings of the Company, the proceedings 
     
     of the Board of Directors, the transaction of the 
     
     business of the Company, the conditions of the 
     
     Policies of the Company, the government and 
     
     regulation of all the officers and servants of the 
     
     Company, and for the superintendence and 
     
     management of the affairs of the Company, in 
     
     all respects whatsoever, and from time to time, 
     
     to alter and repeal such rules, orders and bye 
     
     laws, or any of them, and to make others, as to 
     
     the members of the Company, ata general meeting 
     
     shall seem meet and expedient, provided four- 
     
     teen days’ previous notice ,of such alteration 
     
     shall be given; and all rules, orders and bye 
     
     laws so made, as aforesaid, being reduced into 
     
     writing, and signed by the Chairman present at 
     
     any such meeting, and sealed with the seal of 
     
     the Company, shall in all or in any court or 
     
     courts of law or equity, be deemed and taken 
     
     to be the rules, orders and bye laws of such 
     
     Company; provided always, that such rules, 
     
     orders and bye laws, be not repugnant to the 
     
     laws of the Island, or to the laws in force within 
     
     the same, or to the express directions or pro- 
     
     visions of this Act. 
     
    
   
   
    
     XVIII. That upon the vote of three-fourths 
     
     in number of the members of the said Company, 
     
     it shall be lawful for the said members to dissolve 
     
     the said Company at a general meeting thereof, 
     
     and to declare that the same shall cease on a 
     
     day to be fixed, and therefrom the said Com- 
     
     pany, on that day, shall cease and determine; 
     
     but the President and Board of Directors and 
     
     officers of the Company, shall continue in office 
     
     during such time as shall be required for wind- 
     
     ing up the affairs and business of the Company, 
     
     and all corporate powers for this purpose re- 
     
     quisite and necessary, shall subsist and remain in 
     
     force until the whole of its affairs shall be finally 
     
     settled and closed ; and the Board of Directors, 
     
     for the time being, shall, and are hereby required 
     
     to adopt the most immediate and effectual mea-