New South Wales: Liverpool and London and Globe Insurance Company’s Act of 1865 28 Vic (NSW)

Pew South Wales. ANNO VICESIMO OCTAVO VICTORI®H REGINA. An Act to give effect in this Colony to the alter- | tverros: ax» Lonvon anp GLOBE ation of the Name of "The Liverpool and PscrsxceConraxy, London Fire and Life Insurance Company " and to consolidate and amend the Laws relating to the said Company. [22nd April, 1865.] AY TLEREAS in the year one thousand eight hundred and thirty- Preamble. six a Company or Association was established in England by the name of "The Liverpool Fire and Life Insurance Company" for the purposes of making and effecting insurances on houses warchouses and buildings shipping in port goods wares merchandise farming stock utensils and property of all descriptions against loss or damage by fire insurances on lives and survivorships the sale and purchase of annuities reversions and contingent interests and the endowment of children and generally to carry on the business usually called or known as fire and life insurance and all matters connected therewith And whereas upon the establishment of the said Company or Association a deed of settlement was made dated the twenty-first day of May one thousand eight hundyed and thirty-six And whereas by an Act of the Imperial Parliament passed in the eleventh year of the reign of Her present Majesty intituled "Aw Act to change the Name of " the Liverpool Fire and Life Insurance Company and for other " purposes relating thereto" the name of the said Company was changed to "The Liverpool and London Fire and Life Insuranee Company" And whereas a supplemental deed of settlement was made by the said Company dated the twenty-eighth day of February one thousand eight hundred and fifty-one And whereas by virtue of the powers in that behalf given by the said supplementary deed of settlement to the Board of Directors for the time being of the said a Company * 26 Victoria repealed. 2 28° VIC. 1865. Liverpool and London and Globe Insurance Company. Company a local Board of Directors of the said Company was in the year one thousand eight hundred and fifty-three duly appointed in the city of Sydney in this Colony for carrying on and managing in this Colony the business of the said Company and all mattcrs connected therewith and for other purposes in connection with the affairs of the said Company And whereas by virtue of powers duly delegated to them for that purpose by the Board of Directors of the said Company the said local Board of Directors has from time to time appointed Trustees for the Company in this Colony duly qualified in accordance with the said deeds of settlement and all lands tenements and heredi- taments situate in this Colony belonging to the said Company as absolute owners or as mortgagees or otherwise and all moncys belonging to and invested for the said Company in this Colony and all securitics for or relating thereto have from time to time been duly vested in such Trustccs for the time being And whereas in order to prevent the complication and expense occasioned to the Company by the necessity of from time to time on the occasion of appointing new Trustees for the Company of transferring the trust moneys sccurities and property of the Company to such new Trustees an Act was passed in the twentieth year of the reign of Her present Majesty intituled "An Act to vest the trust moneys securities and property of " the Liverpool and London Fire and Life Insurance Company in this " Colony in the local Trustees of the said Company for the time being" And whereas an Act was passed in the twenty-sixth year of the reign of Her present Majesty intituled " da Act to enable the "« Liverpool and London Fire and Life Insurance Company to sue and " be sued in the Name of such Company' And whereas by an Act of the Imperial Parliament passed in the twenty-seventh and twenty- eighth years of the reign of Her present Majesty intituled " An Act " to confirm an agreement for the amalgamation of the Globe Insurance " Company with the Liverpool and London Fire and Life Insurance " Company and to alter the Name of the last-mentioned Company and "for other purposes" the name and style of the said Company was changed into and became "The Liverpool and London and Globe Insurance Company" And whereas it is expedient to give effect in this Colony to the said change of name of the said Company and to remove all doubts as to the effect of the said change of name upon. the existing contracts and engagements of the said Company in this Colony and also to consolidate the enactments contained in the said Acts of the twentieth and twenty-sixth Victoria respectively Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows :— Acts 20 Victoria and 1. The said Acts passed in the twentieth and twenty-sixth years of the reign of Her present Majesty relating to the Liverpool and London Fire and Life Insurance Company shall be and the same are hereby repealed provided that the said repeal nor anything herein shall in any manner prejudice or affect any act deed matter or thing lawfully done or executed or commenced or agreed to be done or executed under the authority of the said Acts. : New name of Com- 2. All Acts of Parliament Acts of Council Royal Charters a to weeny to ex contracts and engagements and all policies agreements bonds deeds assurances and other instruments whatsoever wherein the Liverpool and London Fire and Life Insurance Company are named or referred to by or with reference to their name of the Liverpool Fire and Life Insurance Company or their name of the Liverpool and London Fire and Life Insurance Company shall be read and have effect as if they were named or referred to therein by or with reference to their new name 1865. 28° VIC. 3 Liver 'pool and London and Globe Insurance Company. name of the Liverpool and London and Globe Insurance Company and all rights of action or suit and other rights and privileges possessed or enforceable by or on behalf of or against the Liverpool and London Fire and Life Insurance Company shall be deemed to be rights and privileges possessed or cnforceable by or on behalf of or against the Liverpool and London and Globe Insurance Company and all such contracts engagements rights of action and suit and other rights and privileges. shall and may be proceeded upon and enforced. accordingly. 3. All actions suits and proceedings at law or in equity or in Actions and suits bankruptey or insolvency to be commenced instituted or carried on in the Cowman of this Colony by or on behalf of the Liverpool and London and Globe , Insurance Company or wherein the said Company is or shall be con- ecrned or interested against any person whether such person shall be a member or proprietor of or in the said Company or not shall be commenced instituted presented and prosceuted or carried on in the name of the said Company in the same manner as if the same had been incorporated by such name And all actions suits and proceedings at law or in equity to be commenced or instituted in this Colony against the said Company by any person whether such person is or shall then be a member or proprictor of or in the said Company or not shall be commenced instituted and prosceuted or carried on against the said Company by its name in the same manner as if the same had been so incorporated And all prosecutions to be brought instituted or carricd on for fraud upon or against the said Company or for embezzlement robbery or stealing any moncy notes bills effects sccurities goods chattels or property of the said Company or for any other offences against the said Company shall be so brought or instituted and carried. on in the name of the Company as if the same were incorporated and in all indictments and informations it shall be lawful to state the property of the said Company to be the property of the said Company by its name as if incorporated And any offences committed with intent to defraud or injure the said Company shall and lawfully may in such prosecution be laid to have heen committed with intent to defraud or injure the said Company by its name as if incorporated And any offender may thereupon be lawfully convicted of any such offenee and in all other allegations and indictments informations and other proceedings whatsoever in which in the abscnce of legislative provision as herein it would have been neecssary to state the names of the persons composing the said Company it shall be lawful and sufficient to state the name of the Company and no change in the persons composing the Company shall abate any such action suit Proceeding or prosecution. . All bonds covenants mortgages warrants of attorncy and Actions on bonds other sosntitios not being assignable at law which have been or which and other speciali- shall or may at any time hereafter be taken in the names of 2 any persons as the local Trustees for the time being of the said Company shall and may be put in suit and be sued and prosecuted upon at law or in equity in the name of the said Company as if the same had been incorporated by such name. 5. No action or suit against the said Company shall be in any- No action against wise affected or defeated by or by reason of the plaintiff therein or of affected tn conse: any other person in whom any interest may be averred or who may be quence of the plain- in anywise interested or connected in such action or suit being or 8 PP having been a proprietor or a partner in the said Company or of such action or suit arising out of the partnership relation of the plaintiff or other person as aforesaid and the Company but any proprictor or partner or late proprictor or partner in the said Company shall and may have the same right of action or suit and remedy to be procecded in 4 28° VIC. 1865. Liverpool and London and Globe Tasurance Company. in and enforced in the same manner against the said Company which he or they might have had if he or they had been a stranger and not a proprietor or partner in the said Company. No action com- 6. No action or suit commenced by the said Company shall be Gone tate in anywise affected or defeated by or by reason of the defendant affected in conse therein or of any other person in whom any interest may be averred ant being a pro "or who may be in anywise interested or concerned in such action or prietor. suit being or having 'been a a proprietor or partner in the said Company or of such action or' suit arising out of the partnership relation of the Company and the defendant or such other person but the said Company shall and may have the same right of action or suit and remedy to be proceeded in and enforced in the same manner against any proprietor thereof or partner or late proprietor or partner therein either alone or jointly with any other person or persons which the said Company might have had if such cause of action or suit had arisen with a stranger and not a proprietor or partner in the said Company. Decrees against the 7. All and every judgment decree or order made or pronounced Crepeny roe in any action suit or proceeding in any Court of law or equity against Company. the said Company shall have the like effect and operation upon and against the property and funds of the said Company and upon and against the persons and property of every proprietor thereof as if all the proprietors of such Company were parties before the Court to and in such action suit or proceeding Andit shall be lawful for any Court in which such judgment order or decree shall have becn made to cause such judgment order or decree to be enforced against all and every or any proprietor of such Company in like manner as if all the pro- prietors of such Company were partics before such Court to and in such action suit or proceeding. Company not incor. 8. Provided always that nothing herein contained shall extend porated by this Act, 4 is . : . or be deemed construed or taken to extend to incorporate thé said Company or to relieve or discharge the said Company or any of the proprietors thereof or subscribers thereto from any responsibility duties contracts or obligations whatsoever which by law they now are or at any time hereafter may be subject or liable to either between the said Company and others or between the individual proprictors of the said Company or any of them and others or amongst themselves or in any manner whatsoever except so far as the same is affected by the provi- sions of this Act and the true intent and meaning thereof. Memorial of the 9. The Svdney local Board of Directors of "the said Company for names of the, the time being 'shall within thirty days after the passing of this Act Trustees to be cause 2 memorial of the names of the Sydney local Directors and of the recorded. local Trustees of the said Company for the time being in the form or to the effect for that purpose set forth in the Schedule to this Act annexed to be recorded in the Office of the Supreme Court of this Colony at Sydney and when aud as often as any new local Director or Trustee shall be appointed then the said local Board shall within thirty days thereafter cause a like memorial of the names of the then local Directors and Trustees including such new Director or Trustee in lieu of the Director or Trustee in whose place he shall have been appointed to be recorded as aforesaid. Memorial to be 10. Every such memorial shall be verified by the solemn declara- verified by declara- ,- . : . ' v . tion, tion of the local or resident Secretary of the Company or in case there shall be no local or resident Secretary at the time or in his absence then by the solemn declaration of one of the local Directors for the time being. Memorial recorded 11. The memorial last recorded shall be conclusive evidence to be conclusive against the Company of the persons named in such memorial as the local Directors and local Trusices thereof being such local Directors and Trustees of the Company for the time being and of the regularity of their 1865. 28° VIC. Or Liverpool and London and Globe Insurance Company. their or his appointment And the acts and deeds'of the persons so named in such memorial shall be binding on the Company notwith- standing that they shall not be the Dircctors and 'Trustees thereof And all persons paying money to the persons named in such memorial as 'T'rustecs of the said Company shall be exonerated from all liability in respect of the non-application or misapplication of such moncy. heredi 12. The trust moneys securities property lands tenements and trust moneys land aments of the said Company which now belong to the said 3rd other preperty Company in this Colony and which are vested in the present local Trustees for the Trustees of the said Company whose names are set forth in a memorial t"¢ 7s recorded in the Office of the Supreme Court in pursuance of the said recited Act twentieth Victoria or which may hercafter belong to or be acquired or obtained within this Colony by the said Company or the Trustees thereof whether as absolute owners thercof or otherwise S § & t} t n h { vali em. all vest and be vested in the local 'Trustees of the said Company at ydney for the time being by force of this Act and by virtue of their appointments merely and of which appointments the memorial recorded in the Office of the Supreme Court as required by this Act be conclusive evidence without any assignment transfer or e fo} conveyance and the said local Trustees for the time being shall have le same powers and rights both at law and in equity with respect to 1¢ said trust moneys securities property lands tenements and heredita- rents of the Company so vested in them as aforesaid as they would ave i the same had been duly assigned transferred or conveyed to 18. This Act shall be styled and may be cited as "The Liver- short title. pool and London and Globe Insurance Company's Act of 1865." THE SCHEDULE REFERRED TO IN THE FOREGOING ACT. Memorran of the names of the Syduey Local Dircctors of the Liverpool and London and Globe Insurance Company and of the Local Trustecs thereof to be recorded in the Supreme Court of New South Wales pursuant to "The Liverpool and London and Globe Insurance Company's Act of 1865." I Local Directors. ' Local Trustees. of do solemnly and sincerely declare that the above memorial contains the names of the present Local Directors and of the present Local Trustees of the above-named Company at Sydney. Made and declared at Syduey before me this day of in the year of our Lord one thousand cight hundred and sixty ees meres aS Sa: = An