Edinburgh Slaughterhouses Act 1849
| Jurisdiction | UK Non-devolved |
| Citation | 1849 c. lxx |
ANNO DUODECIMO & DEC1MO TERTIO
VICTORLE
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Cap.hoi,
An Act for better enabling the Rock Life Assurance
Company to sue and be sued, and to alter certain
Provisions of their Deed of Settlement, and to
give further Powers to the Company.
[28th July 1849.]
HEREAS some Time in the Year One thousand eight hun-
dred and six a Number of Persons formed themselves into
a Society or Partnership under the Name of " The Rock
Life Assurance Company," for the Purpose of making or effecting
Assurances on the Life or Lives of any Person or Persons whom-
soever, and on Survivorships, and of making or effecting all such other
Assurances, whether connected with Life or not, as might be effected
according to Law, and of granting arid selling Annuities, either for
Lives or otherwise, and on Survivorships, and it was agreed that the
Capital Stock of the said Society or Partnership should be One Million
Sterling in equal Shares of Twenty Pounds each, and that the Sum of
One hundred thousand Pounds, being Ten per Centum on the
x^mount of the said Capital Stock, should be subscribed^and forthwith
paid up by the Shareholders in the saidSociety or Partnership, who
should thereupon be designated the Proprietors
thereof;
And whereas Deed of
by the Deed of Settlement of the said Society or Partnership bearing Settlement;
Date the Twentieth Day of August One thousand -eight hundred and lated1^£i1
r T J
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a
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loUY.
[LocaLy
1\S seven &
990 12° & 13° VICTORIA, Cap.lxx.
seven divers Rules, Regulations, and Provisions were established and
agreed upon for the Conduct and Management of the Affairs of the
said Society or Partnership ; and it was thereby provided (amongst
other things), that the Proprietors of the Company should assemble
together once in every Year at least, and at such other Times as they
should be duly convened in the Manner therein-after mentioned ; that
every such Assembly of Proprietors should be styled a General Court;
that Two successive Extraordinary General Courts, or the Annual
General Court with One Extraordinary General Court specially called
for that Purpose, should have full Power to make any new Laws,
Regulations, and Provisions for the Company, or to amend, alter, or
repeal all or any Part of the existing Laws, Regulations, and Pro-
visions of the Company, provided such new, amended, or altered Laws,
Regulations, and Provisions did not extend to amend, alter, or repeal
all or any or any Part of the Laws, Regulations, and Provisions
established and settled by the said Deed now in recital for confining
the individual Responsibility of each Proprietor of the Company to
the Amount of his or her Shares in the Capital
thereof;
that an
Extraordinary Court of Directors specially called for that Purpose
should appoint the Trustees and Actuary of the Company, and should
always proceed within Sixty Days to fill up any Vacancy occasioned
in either of those Offices by Removal, Death, Resignation, or any of
the other Means by which such Offices might become vacant; that
for the more easy and convenient Management of such of the Funds
or Property of the Company as were to be held by the Trustees
thereof the Court of Directors should divide the Trustees into as
many Classes as they should think proper, but no Class should consist
of
less
than Three or more than Four Trustees ; that as to such of the
Funds or Property of the Company as should from Time to Time
remain unapplied and undisposed of, after answering the Claims which
Persons assured and Annuitants should from Time to Time have on
v
the Company, and the Expenses attending the Purchase and Support
of the House and the various other Claims upon and Expenses of the
Company, and which it should not be necessary to resort to imme-
diately for the Payment
thereof,
(except so much of the Company's
said Capital of One Million as should for the Time being remain
unpaid by the Proprietors thereof,) the Court of Directors should lay
out and invest the same in the Public Stocks of Great Britain, or at
Interest on Government or Real Securities in the United Kingdom
of Great Britain ; that, subject and without Prejudice to the Claims
which Persons assured and Annuitants should from Time to Time
have on the Company, and the Expenses attending the Purchase and
Support of the House and the various other Claims upon and Expenses
of the Company, the Court of Directors should accumulate in any of
the Stocks and Securities therein-before mentioned the Interest,
Dividends, and annual Produce of the Funds or Property so to be laid
out and invested as aforesaid ; that the Court of Directors should, in
such Proportions as they should think proper, distribute and appor-
tion amongst the Classes into which the Trustees of the Company
should be divided, as therein-before is mentioned, the Funds or Pro-
perty so to be laid out and invested as aforesaid, and their Accumula-
tions,
and the Stocks and Securities thereof respectively; that the
Court of Directors might from Time to Time, and as often as they
should think proper, cause any of the Funds or Property so to be laid
5 out
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