the Australian General Assurance Company’s Incorporation Act 1866 No aga (NSW)
An Act to incorporate the Australian General
Assurance Company. [7th April, 1866.]
| WH E R E A S | and Life Assurance Company " was in t h e year one | t h o u s a n d |
| a | J o i n t | Stock Company called t h e " Aus t r a l i an | E i r e |
| e igh t | h u n d r e d | a n d | th i r ty-s ix | establ ished | a t | Sydney | u n d e r | and | by |
| v i r tue of t h e provisions of | a cer ta in deed of | se t t l ement | bea r ing | da te |
t h e t w e n t i e t h day of M a y one thousand e ight h u n d r e d and th i r ty - s ix by which t h e dura t ion of t h e said Company was l imi ted to t h e per iod of th i r ty -one years from t h e da te thereof and the business of such Company was carried on accordingly u n d e r such n a m e and provisions u n t i l t h e year one t housand e ight h u n d r e d a n d th i r ty -n ine A n d
| whereas by a supp lemen ta ry deed of se t t lement bear ing date t h e | s ix th |
| day | of M a r c h | one t housand e ight h u n d r e d and th i r ty -n ine t h e business of |
| m a r i n e | assurance | was added to t h e business which t h e said Company |
| was | b y | i ts | or iginal | const i tu t ion competen t to t r ansac t and t h e | n a m e |
| a n d style of t he said Company was a l tered to t h a t of | t h e " Aus t r a l i an |
| Genera l | Assurance | C o m p a n y " | A n d | whereas | an A c t was passed in |
| t h e n i n t h year of t h e re ign of H e r | p resen t Majesty in t i tu led | " An | Act |
| t h e second day of October one thousand e ight h u n d r e d and sixty-five m a d e and signed in conformity wi th a provision in t h a t behalf con ta ined in t he said reci ted supp lementa ry deed of se t t lement t he said or iginal Company was dissolved wi th a reservat ion only of such powers as should be necessary for t h e Directors or other officers thereof to give effect t o t h e a u t h o r i t y there inaf ter conferred a n d otherwise | to |
| " to simplify proceedings | at Law or in Equity | by or against | the |
| " 'Australian | General Assurance | Company ' " and for o ther purposes |
| the re in ment ioned | A n d | whereas b y another A c t m a d e and passed | in |
| t h e twen t i e th year of | t h e re ign of | H e r present Majesty | in t i tu led | "An |
| Act to incorporate | the | 'Australian | General | Assurance | Company'" |
| t h e | said | Company | was | incorporated | A n d | whereas u n d e r t h e | las t - |
| men t ioned n a m e and style a n d u n d e r t h e jo in t effect of | t h e | provisions |
| conta ined in t h e said or iginal and supp lementa ry | deeds | of | se t t l ement |
| a n d | u n d e r | such | of t h e said | reci ted | Ac t s as for t h e t ime be ing have |
| been in force a n d operat ion t h e mar ine bus iness of | t h e said Company |
| ( thereinaf ter | called t h e or iginal Company) has been u n t i l recent ly |
| t r ansac ted t h e fire and life depa r tmen t s hav ing been some | t i m e | since |
| discont inued | A n d | whereas | by | a | documen t | in wr i t i ng bea r ing date |
| to w ind u p a n d b r ing to a close t he | ou t s t and ing | concerns of | t h e said |
or iginal Company A n d whereas a J o i n t Stock Company called by t h e same n a m e as t h e said original Company so dissolved as aforesaid was contemporaneously wi th t he dissolution of t h e said original Company established a t Sydney aforesaid unde r and subject to t he ru les regula t ions a n d provisions conta ined in a cer ta in deed of se t t lement
| bear ing date t h e | second | day of October one thousand e ight h u n d r e d |
| and sixty-five p u r p o r t i n g to be t he | deed | of | se t t lement | thereof | A n d |
| whereas by such las t -ment ioned deed of | se t t lement t he several par t ies |
| the re to (other t h a n | t h e nomina l | covenantee the re in named) | have |
| respectively a n d | m u t u a l l y | covenanted | and | agreed | t h a t | they | whils t |
hold ing shares in t h e capital of t he said Company would r emain a n d cont inue un t i l such Company should be dissolved under t he provisions in t h a t behalf the re in contained a J o i n t Stock Company u n d e r t h e n a m e style a n d t i t le of t h e "Aus t r a l i an General Assurance C o m p a n y " for t h e purpose of effecting and ca r ry ing out t h e objects or business t he re in par t icular ized be ing such and the same as are enumera t ed in
| section six of th i s Ac t | A n d whereas it was by the said las t -ment ioned |
deed of se t t l ement agreed t h a t t h e capi ta l of t h e Company the reby formed should consist of s ixty thousand pounds s ter l ing a n d be divided in to and cont r ibuted in twelve thousand shares of t h e a m o u n t of five pounds each and of such fur ther sum or sums as m i g h t thereaf ter be raised by t h e creat ion a l lo tment and sale of new shares as there in provided A n d whereas by the said las t -ment ioned deed of se t t l ement provision has been made for t h e due m a n a g e m e n t of t h e affairs of t h e said Company by cer ta in Directors and officers a l ready appointed a n d by o ther Direc tors and officers to be from t i m e to t i m e elected a n d appoin ted as the i r successors by t he shareholders of t h e said Company A n d whereas t h e whole of t h e shares of t h e said las t -ment ioned Com p a n y have been al lot ted or subscr ibed for and t h e deposits paid u p thereon in accordance wi th t h e provisions of t he said las t -ment ioned deed
| of se t t lement | A n d whereas by t h e said reci ted | document in wr i t ing of |
t h e second day of October one thousand e ight h u n d r e d a n d sixty-live
i t was amongs t other th ings author ized and directed t h a t t h e good-will
of t h e business of t h e said original Company should be t ransferred and
be long to t h e said Company in tended to be hereby incorporated and t h a t
t h e l iabil i ty on any policy issued by the said original Company should
for t h e considerat ion the re in expressed be t ransferred to a n d adopted
by t h e said Company hereby in tended to be incorporated except ing
cer ta in l iabili t ies t he re in expressly excepted A n d tha t t h e business
| premises of t h e said or iginal Company | s i tuate | in | New | Pi t t - s t ree t |
Sydney w i t h t h e furn i tu re f ixtures a n d fitt ings the re in should be sold and convoyed to or otherwise vested in t h e said Company hereby in tended to be incorpora ted or as they m i g h t direct in considerat ion of t he purchase money the re in expressed and in fact a lready paid and t h a t t h e res idue of t he rea l estate of t he said original Company should
| no twi ths t and ing | any exis t ing cont rac t for sale affecting | t h e | same |
b u t subject t he re to in t h e events which have happened be for thwith vested in t h e Company hereby in tended to be incorporated for t h e convenience of t ransmiss ion of t h e es ta te a n d in teres t the re in on such las t -ment ioned Company u n d e r t a k i n g to car ry out a n y such exis t ing cont rac t as aforesaid or otherwise to deal the rewi th in accordance wi th t he directions of t he Direc tors of t he said original Company A n d whereas t h e said Company so established by the said last herein- before recited deed of se t t l ement is desirous of being incorpora ted and i t is considered t h a t it will be advantageous no t only to t h e said Company b u t also to the mercant i le shipping and o ther in teres ts of N e w Sou th W a l e s t h a t it should be incorporated accordingly and t h a t
other
other t h e provisions inc identa l t o such incorpora t ion and to t h e disso lu t ion of t h e said original Company hereinafter conta ined should he m a d e Be i t therefore enacted by t h e Queen ' s Mos t Exce l len t Majesty
| by and w i t h t h e advice a n d consent | of t h e Legislat ive | Counci l and |
| Legislat ive Assembly of N e w South W a l e s | in | Pa r l i amen t | assembled |
and by t h e au thor i ty of t h e same as follows :—
| 1. The following words and expressions wherever hereinaf ter appear ing shall have t h e several | m e a n i n g s | hereby | assigned | to | t h e m |
| unless t he r e be someth ing in t he subject | or t h e con tex t | r e p u g n a n t | t o |
| such const ruct ion t h a t is to say— |
| T h e expression | " deed of se t t lement " shall mean | a n d include |
t h e said reci ted deed of se t t lement of t he second day of October one thousand e ight h u n d r e d and sixty-five a n d any a l tera t ions addi t ions and amendmen t s t h a t m a y from t i m e to t ime be made in or to t he same in pu r suance of
| t h e provisions in t h a t behalf there in | contained. |
| The | expression | " t h e C o m p a n y " | shall | m e a n | t h e | Company |
| cons t i tu ted | u n d e r | t he provisions | of | t h e deed of | se t t lement |
and incorporated by th is Act .
| T h e | expression " t h e D i r e c t o r s " shall m e a n t h e Board of Direc tors of t h e Company duly appointed unde r t he pro | |
|
| The word " shareholder " | shall m e a n shareholder propr ie tor or |
| m e m b e r | of t h e | Company . |
| 2. The said rec i ted | Ac t s | passed | in t h e n i n t h | a n d | twen t i e th |
| years of t he re ign of H e r p resen t Majesty shall be and t h e same | a re |
| hereby repealed provided t h a t | ne i the r | t h e | said | repeal | nor | a n y t h i n g |
| here in conta ined shall i n any m a n n e r | prejudice | or affect | any | r i g h t |
l iabil i ty or c la im or any cont rac t act deed policy m a t t e r or t h i n g exis t ing incur red entered in to done executed or commenced or agreed so to be before th i s A c t shal l come in to operat ion nor shall such repeal or a n y t h i n g here in conta ined affect t h e val idi ty of any ac t deed or i n s t r u m e n t to be done or executed in t h e course or for t he pur poses of t h e wind ing u p of t he said or iginal Company and all t h e powers h i the r to vested in t h e said or iginal Company or any of i ts officers shal l be and r ema in in force for such b u t for no o ther pu r
| poses b u t such reservat ion of l iabil i ty shal l i n no way affect | t h e |
hereinbefore reci ted a r r angemen t s m a d e by t h e Company w i t h t h e said or iginal Company for t h e adopt ion of cer ta in ou t s t and ing r isks or
| t h e l iabil i ty of t h e Company | for t h e or iginal | Company | the reunde r . |
| 3 . E v e r y person who has a l ready become or at any t ime | here |
| after shall or m a y in t h e m a n n e r provided by and subject to t h e | ru les |
regula t ions and provisions conta ined in t h e deed of se t t lement become holders of shares of or in the capi tal for t h e t ime-being of t he Company shal l for t h e purposes here in contempla ted b u t subject never theless t o t h e condit ions regula t ions and provisions hereinafter contained be one
body poli t ic a n d corporate in n a m e a n d in deed by t h e n a m e of t h e
| " | Aus t r a l i an | Genera l Assurance | C o m p a n y " | a n d by t h a t | n a m e | shal l a n d |
m a y sue and implead any person whe the r a m e m b e r of t h e Company or n o t a n d m a y be sued and impleaded by any such person in all Cour t s whatsoever at law or in equi ty a n d m a y prefer lay a n d pro secute any ind ic tment informat ion or prosecut ion agains t any person whomsoever whether a shareholder or not for any steal ing embezzle m e n t fraud forgery cr ime or offence a n d in all ind ic tments informa t ions a n d prosecut ions it shall be lawful to s ta te t h e money and goods effects bills notes securit ies or o ther p roper ty of whatsoever n a t u r e ( the subject of such proceedings) to be t h e money goods effects bil ls notes securit ies or o ther p roper ty of t h e Company and to des ignate
| t h e Company by i ts corporate n a m e whenever for t h e purpose | of a n y |
al legat ion
allegation of an in t en t to defraud or otherwise howsoever such desig na t ion shall he necessary a n d t h e Company shall have pe rpe tua l succession w i t h a common seal which m a y be a l tered var ied and changed from t ime to t ime a t t he p leasure of t h e Company.
| 4. The several laws ru les regula t ions clauses a n d | ag reemen t s |
conta ined in t h e deed of se t t lement or to be m a d e in pu r suance of t he provisions for t h a t purpose the re in contained are a n d shall be t he by-laws for t he t ime-being of t he Company save a n d except i n so far as any of t h e m are or shall or m a y be a l tered varied or repealed by or are or shall or m a y be inconsis tent wi th or r e p u g n a n t to any of t he provisions of th i s A c t or of any of t h e laws or s ta tu tes in force in t he said Colony subject never theless to be and the same m a y be amended al tered or repealed e i ther wholly or in p a r t in the m a n n e r provided by t h e deed of se t t lement b u t no ru l e or by-law shall on any account or p re tence whatsoever be m a d e by t h e Company ei ther
| unde r or by v i r tue of t he deed of se t t lement or of th i s A c t | in |
| opposit ion to t h e genera l | scope or t r u e | in t en t | and | m e a n i n g | of | t he |
| deed of se t t lement or of th i s Ac t or of any of t h e laws or | s ta tu tes |
| in force in t he said Colony. |
| 5. The produc t ion of a wr i t t en | or p r in t ed copy of t h e deed | of |
| se t t l ement or of any by-laws to be m a d e in pu r suance thereof or | in |
pur suance of th i s A c t hav ing t h e common seal of t h e Company affixed there to shall be sufficient evidence in every Cour t of civil or
| c r imina l jur i sd ic t ion of | such deed of | se t t l ement or of | such by-laws. |
6. I t shall be lawful for t h e Company subject to t h e res t r ic t ions
and provisions here in conta ined to carry on t h e business of effecting assurances agains t t he r isks of loss or damage w h e t h e r a t sea in ha rbour s or navigable waters to ships vessels or o ther craft or goods on board ships vessels or o ther craft or in course of t r ans i t over l and or of conveyance in any l igh ter boa t or o ther craft or any dray or o ther vehicle to or from any ship vessel or other craft also to goods by fire or flood in sheds stores or o ther bui ld ings or elsewhere while wai t ing sh ipment or t r an sh ipmen t also aga ins t loss of freight or all or any of such r isks or of any o ther mar i t ime r isks whatsoever a n d general ly to carry on as pr incipal or agen t any business in connect ion wi th mar i t ime assurance allowed by law in a n y p a r t of t h e world
| wi th full power i n t h e | ma t t e r s | aforesaid | to en te r in to t rea ty | ac t | or |
| u n i t e w i t h ama lgama te w i t h b u y u p or absorb any o ther Assurance Company Office or Body or any other Company or individual for t h e t ime-be ing ca r ry ing on business similar to t h a t for t h e t ime-being | carr ied on or de te rmined to be car r ied on by t h e Company a n d to | carry on and conduc t any other business which m a y be determined |
| upon in pu r suance of t h e powers for t h a t purpose in t h e deed of | ||
|
| 7. The shares in t he capi ta l p roper ty and profits of t h e | Com |
| pany shall be personal es ta te and t ransmiss ible as such subject to | t h e |
| res t r ic t ions for t h a t purpose contained in t h e | deed | of | se t t l ement | and |
| shall no t be of the n a t u r e of rea l estate . |
| 8. Subject to t h e res t r ic t ions for th i s purpose in t h e deed | of |
| se t t lement conta ined every shareholder may sell or t ransfer all or | any |
of his shares in t he capi ta l of t he Company (but n o t a fractional p a r t of a share) a n d every such t ransfer shall be by deed and according to a form to be approved of by t h e Direc tors .
9. U p o n t h e assignee of any insolvent shareholder or t h e t rus tees of any estate assigned for t h e benefit of credi tors elect ing to accept t h e shares of any insolvent shareholder or of any such assigned estate such assignee or t rus tees shall for thwi th nomina te some o ther person or persons to become a propr ie tor or propr ie tors in respect of such shares such nominee or nominees to be subject t o t h e approval
of
of t h e Direc tors b u t in n o case shall such assignee or t rus tees be themselves ent i t led to become shareholders in respect of t h e shares of any insolvent shareholder or of any estate assigned for t h e benefit
| of | credi tors . |
| 10 . The Company shall no t be bound to not ice or see to t h e execut ion of any t r u s t or equi table in te res t or claim | whe the r | express |
| impl ied or cons t ruc t ive to which any | share m a y | be subject | a n d | t h e |
| receipt of t h e pa r ty in whose n a m e any such share shall s tand in | t h e |
books of t h e Company or if i t s tands in t h e n a m e of more par t ies t h a n one t he receipt of t h e one of t h e par t ies recognizable as a shareholder u n d e r t h e provisions of t h e deed of se t t l ement shall from t i m e to t ime be a sufficient discharge to t h e Company for any dividend or o ther s u m of money payable in respect of such share no twi ths t and ing a n y t r u s t or equi table in te res t or claim to which such share m a y t h e n be subject and whe the r or no t t h e Company have h a d not ice of such t r u s t or equi table in te res t or c la im a n d t h e Company shal l n o t be
| b o u n d to see to t h e appl icat ion of t h e money paid u p o n | such | receipt |
| a n d every share shall be subject to t he engagemen t s and liabilit ies | t o |
which unde r t h e provisions of t h e deed of se t t l ement t h e same is r endered liable i rrespective and to t h e exclusion of a n y such t r u s t
| equi table in te res t | or | c la im. |
| 1 1 . I n any act ion or sui t t o be b rough t by t h e | Company |
| agains t any shareholder to recover t h e money due for | any call | m a d e |
| b y v i r tue of th i s A c t or of t h e deed of se t t lement i t shall no t | be |
| necessary to set forth t h e special m a t t e r b u t i t shall be sufficient | for |
| t he Company to declare t h a t t h e defendant is t he holder of one | share |
or more in t h e capi tal of t h e Company (s ta t ing t he n u m b e r of shares) a n d is indebted to t h e Company in t h e s u m to which t h e calls in a r rea r shal l a m o u n t in respect of one call or more upon one share or
| m o r e (s ta t ing t h e n u m b e r | and a m o u n t of | each of | such calls) | whereby |
| a n act ion h a t h accrued to t h e | Company . |
| 12. O n t h e t r ia l or hea r ing of such act ion | or sui t i t | shall be |
sufficient t o prove t h a t t h e defendant a t t h e t ime of m a k i n g such call was a holder of one share or more in t h e capital of t h e Company and t h a t such call was in fact made a n d such not ice thereof given as is provided for t h a t purpose in t h e deed of se t t lement and i t shall no t be necessary to prove t h e appo in tmen t of t h e Direc tors who m a d e such call nor a n y other m a t t e r whatsoever and t h e r e u p o n t h e Company shal l be ent i t led to recover w h a t shall be due upon such call w i th
| in te res t | thereon . |
| 13 . N o dividend shall i n any case be declared or paid out of |
| t h e subscribed capi ta l for t h e t ime be ing of t he | Company. |
| 14. I t shall be lawful for t h e Company no twi ths t and ing any s t a tu t e or law to t h e con t ra ry to purchase t ake hold and enjoy to | t h e m |
a n d the i r successors for a n y es ta te t e r m of years or interest any houses offices bui ld ings or l ands necessary or expedient for t h e purpose of m a n a g i n g conduc t ing a n d ca r ry ing on t h e affairs concerns and business
| of t h e Company also to t ake and | hold t h e | lands and | he red i t amen t s |
vested in t h e m in m a n n e r and for t he purposes hereinaf ter par t icu la r ly ment ioned also to bu i ld sui table offices on l and purchased for t h a t purpose a n d also to t ake a n d to hold u n t i l t h e same can be advan tageous ly disposed of for t h e purpose of r e imbursemen t only any lands or p roper ty which m a y be t aken b y t h e Company in satisfaction l iquidat ion or discharge of any debt due to t h e Company or in secur i ty for any debt or l iabi l i ty and t h a t whe the r t h e same shall be subject t o any exis t ing l ien mor tgage or cha rge in favour of t he Company or n o t and to sell enfeoff release convey demise assign exchange or o therwise dispose of all or any such houses offices bu i ld ings lands and p rope r ty
| as occasion m a y | requi re . |
15. I t shall and may he lawful for every person who is or shall he otherwise competen t to g ran t sell al ien release convey assign assure demise a n d dispose of u n t o and to t h e use of t h e Company and the i r successors for t h e purposes aforesaid or any of t h e m a n y such houses offices l ands or p roper ty .
1G. Al l t h e lands securit ies bonds covenants debts moneys choses in act ion a n d th ings a t p resen t vested in t h e Trus tees of t h e Company or any o ther person on behalf of t h e Company shall imme diately after t h e pass ing of th i s A c t become vested in t h e Company
| for t he same esta te and in teres t and wi th t h e l ike | powers | and | au tho |
| ri t ies as t h e same are now vested in t he said Trus tees or o ther | person |
| wi thou t any ass ignment or conveyance whatsoever . |
| 17. | Al l t h e lands t enemen t s he red i t aments | cha t te l s real secu |
| rit ies p rope r ty choses in act ion credi ts and effects | (other t h a n realized |
moneys) a t t h e t i m e of t h e pass ing of th i s Ac t be longing to or vested in t h e said or iginal Company or in any person in t ru s t for such last- men t ioned Company shall immedia te ly after the pass ing of th i s A c t b u t subject to any exis t ing cont rac t or t r u s t affecting t he same and t h e due performance thereof become vested in t h e Company for t h e same estate and in teres t a n d wi th t he l ike powers of su ing for and recover ing t h e same and other powers and author i t ies as t h e same are now vested in t he said Company or in such person as aforesaid in t ru s t for a n d subject to t h e directions of t h e Direc tors of t h e said or iginal Company wi thou t any feoffment release conveyance or assign m e n t whatsoever a n d t h e Company m a y sue for a n d recover all such choses in ac t ion a n d credits in i ts own n a m e .
| 18. I t shal l be lawful for t h e Company to increase i ts | capi tal |
by t h e issue of new shares in t he mode prescr ibed by and in accordance
| wi th t h e provisions of t he deed of | se t t lement . |
| 19. N o t h i n g in th is Ac t conta ined | shall be cons t rued | to pre- |
jud ice any call m a d e or any cont rac t en te red in to by or wi th t h e Company or any person on behalf of t he Company before th i s Ac t shall have come in to operat ion b u t t he same call or cont rac t shal l be as val id to all i n t en t s and purposes as if th i s Ac t h a d no t been passed and may be enforced in l ike m a n n e r as if t h e Company h a d been incorporated before such call was m a d e or such cont rac t was entered in to .
| 20. The produc t ion of t he shareholders ' register book to be | kept |
| in accordance wi th t h e provisions of t h e deed of se t t lement | shall | be |
| admi t t ed in all Cour ts of civil and cr iminal jur isdic t ion as prima | facie |
| evidence of t he person named there in as a shareholder being such | shareholder and of t h e n u m b e r of his shares and every shareholder or |
| o ther person hav ing a j u d g m e n t a t law or a decree in equi ty against | |
| the Company m a y a t all convenient t imes peruse t h e shareholders ' | |
| regis ter book grat is and m a y requ i re a copy thereof or of any par t thereof and for every one h u n d r e d words so requ i red to be copied t h e Company m a y demand a sum no t exceeding one shil l ing. |
| 2 1 . | I n t h e event of t h e assets of t h e Company be ing | insufficient |
| to mee t i ts engagements each shareholder shall in addi t ion to | the |
| a m o u n t of h is subscribed shares in t h e capi ta l of t h e Company | be |
| responsible to t h e ex ten t only of | a s u m | equa l | to t h e | a m o u n t | of | h i s |
| said shares | Provided t h a t such | l imi ta t ion of l iabil i ty shal l be clearly |
shewn u p o n t h e face of every policy issued by the Company .
| 22. | I n all cases in which by any A c t of P a r l i a m e n t | or | by any |
| ru le or order of t h e Supreme Cour t or any other Court now | or |
| hereafter to be in force in th i s Colony the plaintiff or defendant in any act ion suit or other proceeding or any credi tor of an insolvent es ta te or any person being a pa r ty to or in teres ted in any process or proceeding whatsoever is or shall be author ized empowered or requ i red |
to
| to m a k e any affidavit or to sign or presen t | any pet i t ion or to do any |
| other ac t i t shall be lawful and competen t for t h e manage r | ac t ing |
m a n a g e r or o ther officer or agen t of t h e Company (where such Company shall be such plaintiff defendant or creditor or be a pa r ty to or otherwise in te res ted in any process or proceeding whatsoever as aforesaid) for a n d on behalf of t h e Company to m a k e any such affidavit s ign or present any such pe t i t ion or do any such o ther ac t as aforesaid.
23 . The Directors for t h e t ime being shall have t h e cus tody of
| t h e common seal of t h e Company and t h e form thereof | and al l | o ther |
| ma t t e r s re la t ing t he re to | shall from | t i m e to t ime be de te rmined | by the |
| Di rec tors in t h e same m a n n e r as is provided | by t h e deed | of | set t le |
m e n t for t h e de te rmina t ion of o ther m a t t e r s by t h e Direc tors and t h e Direc tors present a t a Board of Directors of t he Company shall have power to use such common seal for t h e affairs a n d concerns of t h e Company and to author ize and depute t he m a n a g e r or any one of the i r body to use or affix t h e same (provided t h e affixing of such seal be
evidenced by the s igna ture opposite the re to of a t least two Directors)
a n d unde r such seal to au thor ize and empower any person wi thou t such seal to execute any deeds or policies and do all or any such other m a t t e r s a n d th ings as m a y be required to be executed and done on
| behalf of t he Company in conformity wi th t he provisions of t h e | deed |
| of se t t l ement and of th i s A c t b u t i t shall no t be necessary | to | use t h e |
| common seal for t h e appo in tmen t of an a t to rney | or solicitor for t h e |
prosecut ion or defence of any act ion sui t or proceeding for t h e execu t ion of any policy of assurance or slip or receipt for t h e same (which la t t e r i n s t r u m e n t s m a y be executed in conformity wi th t h e provisions in t h a t behalf in t h e deed of se t t lement conta ined) or for or in respect of any other of t he ord inary business a n d objects of t h e Company.
| 24. | I n c i t ing th is A c t in o ther Ac t s of Pa r l i amen t | and in legal |
| i n s t rumen t s or otherwise i t shall be sufficient | to use t h e | expression |
| " t h e Aus t r a l i an | Genera l | Assurance | Company ' s | Incorpora t ion | A c t |
| 1866 . " |
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