COMPANIES.
No. 58 of 1911.
2221
The 3rd. The objects for which the company is established are mutual insurance of ships belonging to members of the company, and the doing all such other things as are incidental or conducive to the attainment of the above object.
4th. The liability of the members is limited.
5th. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while he is a member, or within one year afterwards, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and the costs, charges, and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding 100 dollars.
WE, the several persons whose names and addresses are subscribed, are desirous of being formed into a company, in pursuance of this memorandum of association.
46
Names, Addresses, and Descriptions of Subscribers.
1. John Jones of
2. John Smith of
3. Thomas Green of
4. John Thompson of
5. Caleb White of
6. Andrew Brown of
7. Cæsar White of
Dated the ... day of ... 191...
Witness to the above signatures,
A.B., No. ... Queen's Road, Victoria, Hongkong, merchant.
ARTICLES OF ASSOCIATION TO ACCOMPANY PRECEDING MEMORANDUM OF ASSOCIATION.
Number of Members.
1. The company, for the purpose of registration, is declared to consist of 500 members.
2. The directors hereinafter mentioned may, whenever the business of the association requires it, register an increase of members.
Definition of Members.
3. Every person shall be deemed to have agreed to become a member of the company who insures any ship or share in a ship in pursuance of the regulations hereinafter contained.
General Meetings.
4. The first general meeting shall be held at such time, not being less than one month nor more than 3 months after the incorporation of the company, and at such place, as the directors may determine.