Publisher's Synopsis
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. 1917 edition. Excerpt: ... be prima facie evidence thereof. _ 6. EXISTING CORPORATIONS MAY REINCORPORATE--AMENDMENT or CERTIFICATE. Any existing domestic corporation, transacting the business of life or accident insurance upon the assessment plan, may reincorporate under the provisions of this Act, under its existing corporate name, by filing with the Insurance Superintendent a declaration of their desire so to do, signed and duly acknowledged by a majority of its board of directors, trustees or managers, with a statement in like manner, signed and acknowledged by them, that such corporation, if insuring lives, has accumulated the fund required by section 8 of this Act; or if engaged in the business of accident insurance, has accumulated the fund required by section 12 of this Act; and that such funds are safely invested and held for the purposes for which the same were accumulated, as provided in the by-laws of such corporation, or any domestic corporation transacting the business of life or accident insurance upon the assessment plan, may change and amend its certificate of association by filing with the Insurance Superintendent a declaration of their desire so to do, setting forth the proposed change or amendment, which shall be consistent with the provisions of the Act hereby amended, signed and duly acknowledged by a majority of its board of directors, trustees or managers, whereupon in either case the Insurance Superintendent, if approved by him, shall file the same, together with his certificate of such approval. with the Secretary of State, who shall issue to said corporation a certificate of such reincorporation or amendment under the seal of the State of Illinois, and attach thereto copies of all papers so filed with him by the Insurance..."
