AN ACT 
 
 I 
 
 TO INCORPORATE THE 
 
 RELIANCE INSURANCE 
 
 AND TRUST COMPANY. 
 
 Section I. Be it enacted by the Senate and Home of 
 Representatives of the Commonwealth of Pennsylvania in 
 General Assembly met , and it is hereby enacted by the au- 
 ihority of the same , That Thomas Hays, Joseph H. New- 
 bold, Jason L. Fennimore, John B. Trevor, Oliver Fuller, 
 Benjamin M. Himchman, John Naglee, George H. Oliver, 
 George Smith, John R. Vogdes, Richard D. Wood, J. V. 
 Williamson, Isaac R. Davis, Thomas P. Hoopes, J. Coleman 
 Fisher, Samuel Webb, Peter Wright, Thomas S. Smith, 
 Samuel Bispham, Robert Toland, John B. Myers, Jacob M. 
 Thomas, Evans Rodgers, Charles Harkness, Ephraim Haines, 
 Samuel Stokes, Henry C. Corbit, Henry Troth, Thomas 
 Snowden, George Handy, William F. Johnston, and William 
 J. Leiper, or any live of them, be, and they are hereby ap¬ 
 pointed commissioners for receiving subscriptions to the capi¬ 
 tal stock of a company to be denominated “the Reliance 
 Insurance and Trust Company,” who shall open a book for 
 that purpose in the city of Philadelphia, at a time and place 
 to be by them designated, and of which they shall give public 
 notice in two or more daily newspapers, published in said 
 city, for two successive weeks, immediately preceding the 
 time of opening the book, as aforesaid, and the said book shall 
 be kept open for three consecutive days, from ten o’clock, A, 
 M. until two o’clock, P. M. on each day, or until the number 
 of five thousand shares, at one hundred dollars per share, shall 
 have been subscribed, and all persons of lawful age shall be 
 permitted to subscribe to the said stock by paying five dollars 
 on each share at the time of subscribing. And if the whole 
 number of shares shall not have been subscribed within the 
 
 1 
 
 r 
 
three days before mentioned, the said commissioners shall 
 have power to re-open the said book at such times and places 
 as they shall deem expedient, and continue the same open 
 until the whole number of shares shall have been subscribed* 
 Provided, That all acts which the said commissioners or any 
 five of them are authorized to do, shall be as effectual and 
 valid if performed by a majority of them, or by a committee 
 appointed by such majority, as if performed by them all. 
 
 Section 2. When one thousand shares of the capital 
 stock, as aforesaid, shall have been subscribed, and at least 
 five dollars per share paid in, the said commissioners shall 
 certify to the Governor, under their hands and seals, the names 
 of the subscribers and the number of shares by them sub¬ 
 scribed, respectively; and the Governor shall, thereupon, by 
 letters patent, under his hand, and the seal of the State, erect 
 and create the subscribers into a body politic and corporate 
 in deed and in law, by the name, style and title of‘‘ the Reli¬ 
 ance Insurance and Trust Company,” to be located in the city 
 or county of Philadelphia, by which name, style and title the 
 said subscribers shall have perpetual succession, and shall be 
 able to sue and be sued, plead and be impleaded, in all 
 courts of record, and elsewhere; and to purchase, receive, 
 have, hold, use, occupy, possess, and enjoy to them and their 
 successors, lands, tenements, hereditaments, goods, chattels, 
 and effects, of what nature, quality, or kind soever, real, per¬ 
 sonal, or mixed, necessary or convenient, to carry into effect 
 the powers and privileges hereinafter granted, and to receive 
 and collect all promissory notes or choses in action, taken in 
 the course of their corporate business, and the same from 
 time to time to sell, demise, grant, alien, or dispose of. Pro¬ 
 vided, That the yearly income of the real estate so held, ex¬ 
 cept such as shall be necessary and convenient for the trans¬ 
 action of its business, or which may be conveyed to said 
 company in trust, or for the security, or in payment of any 
 debt which may become due or owing to the same, or in satis¬ 
 faction of any judgment of any court of law, in its favor, shall 
 not exceed the sum of six thousand dollars. And the said 
 company shall have power to make, have, and use a common 
 seal, and the same, at pleasure, to break, alter and renew. 
 
 Section 3. The capital stock of said company shall be 
 called in and paid at such times and places, and in such pro¬ 
 portions and instalments as the president and directors shall 
 require, giving public notice thereof for three successive 
 
3 
 
 weeks fn two or more daily newspapers published in the city 
 of Philadelphia, and if any stockholder shall neglect to pay 
 such proportion or instalment at the time and place appointed, 
 he shall, in addition to the proportion or instalment so called 
 for, pay at the rate of one per cent, per month for the delay 
 of such payment, and if the same and the additional penalty, 
 or any part thereof shall remain unpaid for the period of six 
 months, he shall, at the discretion of the directors, forfeit to 
 the use of the company all his right, title and interest in and to 
 every and all share or shares, on account of which such default 
 in payment may be made, as aforesaid; or the president and 
 directors, may, at their option, cause suit to be brought before 
 any competent tribunal for the recovery of the amount due on 
 such stock, together with the penalty of one per cent, a month, 
 as aforesaid, and in the event of a forfeiture, the share or 
 shares so forfeited may be disposed of at the discretion of the 
 president and directors under such rules and regulations as 
 may be prescribed by the by-laws. Provided , That no 
 stockholder shall be entitled to vote at any election or at any 
 general or special meeting of the company, on whose share or 
 shares any instalment or arrearages may be due more than 
 ten days previously to said election or meeting. 
 
 Section 4. The affairs of the company shall be managed 
 by nine directors, of whom five shall be a quorum for the 
 transaction of business, who shall be citizens of this common¬ 
 wealth and stockholders of said company, holding at least five 
 shares each, in their own right, and who shall be elected an¬ 
 nually on the third Monday of December by the stockholders 
 at their general meeting assembled for that purpose, of which 
 meeting public notice shall have been given in two or more 
 daily newspapers, published in said city, for three successive 
 weeks immediately preceding the holding of the same, and 
 the directors at their first meeting after each election, shall 
 choose one of their number as president, but in case it should 
 happen at any time that an election of directors should not be 
 made, when, pursuant to this act it ought to have been made, 
 the company for that cause shall not be dissolved, and it shall 
 be lawful within forty days thereafter to hold and make an 
 election of directors in such manner as shall be regulated by 
 the by-laws and regulations of said company; and in case of 
 the death, resignation, or removal from office of any director, 
 his place may be filled for the remainder of the term in such 
 manner as the regulations of the company for that purpose 
 
4 
 
 shall direct. Provided , That the first election of directors 
 shall be held at a time tfnd place to be appointed by the com¬ 
 missioners before mentioned, they giving notice thereof in 
 manner aforesaid, and the directors so chosen shall hold their 
 offices until the third Monday of December following, and 
 until new directors shall be chosen. The votes of stockhold¬ 
 ers for the election of directors, shall be by ballot, and each 
 share in the stock of said company shall entitle the holder to 
 one vote, but no person shall vote by proxy, nor shall any 
 stockholder vote at any election for directors unless the share 
 or shares on which he or she may claim to vote, shall have 
 been standing in his or her name at least thirty days previous 
 to such election. 
 
 Section 5. The president and directors, for the time being, 
 shall have power to establish and appoint such, and so many 
 officers, clerks, agents, or agencies in this State or elsewhere, 
 as shall be by them deemed convenient or necessary for con¬ 
 ducting and performing the business of the said company, to 
 fix their compensation, to take bonds from all or any of them, 
 with security conditioned for the faithful execution of their 
 several duties ; to make such covenants, contracts, and agree¬ 
 ments as they may deem proper to ordain, establish, and put 
 in execution all such ordinances, regulations, and by-laws as 
 may appear necessary for the government or conducive to the 
 interests of the company, not being contrary to the fundamen¬ 
 tal articles thereof, to the constitution and Jaws of the United 
 States and this commonwealth, and generally to do, execute, 
 and perform all acts, matters and things in relation to the 
 business thereof, which a corporation may or can lawfully do. 
 Provided , That all such ordinances, regulations and by-laws 
 as shall be made by the directors may be altered or repealed 
 by a majority of the stockholders, at any annual meeting, or 
 at any special meeting, which may be called for that purpose 
 by any ten of the stockholders, of which special meeting at 
 least three weeks previous public notice shall be given in two 
 or more daily newspapers published in said city. And a ma¬ 
 jority of the stockholders may at any annual or special meet¬ 
 ing, convened as aforesaid, adopt by-laws which shall be 
 binding upon the directors, such by-laws not being contrary 
 to the laws of this State or of the United States. 
 
 Section G. The said company shall have full power and 
 authority to make insurances and to guarantee against losses 
 by fire, at such rate of premium as may be agreed upon on 
 
5 
 
 any house, tenement, church, manufactory, or other build¬ 
 ings, on machinery, lumber, building, or other materials, ves¬ 
 sels on the stocks, and on goods, wares, merchandize, commo¬ 
 dities, or other effects, and on hay, grain, and other agricul¬ 
 tural products in barns, stacks, or otherwise, and generally 
 upon all kinds of buildings, goods, wares, merchandize, com¬ 
 modities or effects, together with every species of property, 
 pursuit or business, in the pursuit or prosecution of which, 
 there is or may be any loss or risk, and also to grant annuities 
 and make and effect insurances on lives, of whatsoever sort or 
 nature; and in like manner for such rate of premium as may 
 be agreed upon to insure and guarantee against loss on ma¬ 
 rine, or other risks, of whatsoever kind or nature, upon 
 steamboats, ships, vessels, canal boats, or other craft, on the 
 ocean or elsewhere, and upon goods, wares, merchandize, 
 commodities or effects, of whatsoever kind or nature, shipped 
 or transported, or to be shipped or transported by water or 
 land, or partly by water and partly by land: likewise on 
 specie, bullion, or money shipped, transported, or remitted, or 
 to be shipped, transported, remitted, delivered or paid; also, 
 to take, receive, and hold in trust or otherwise, any descrip¬ 
 tion of property, real or personal, and the said trusts or other 
 engagements to execute and perform according to the terms 
 and conditions thereof, and generally to make, execute and 
 perfect such contracts, bargains, agreements, policies, and 
 other instruments, as shall or may be necessary, and as the 
 nature of the case may require, and every such contract, bar¬ 
 gain, agreement, policy, or other instrument to be made by 
 the said company, shall be in writing or in print, and signed 
 by the president and secretary, or by such other officer or 
 officers as the directors may appoint for that purpose. 
 
 Section 7. It shall be lawful for the said company to em¬ 
 ploy and improve the capital stock thereof, and all moneys 
 received for premiums in trust or otherwise, in any available 
 loans or stocks, or to lend the same or any part thereof upon 
 any good and sufficient security, and also to sell and dispose 
 of and transfer all or any of the said loans, stocks and securi¬ 
 ties, and invest the proceeds thereof, in like, and other such 
 loans, stocks and securities. Provided , That nothing herein 
 contained shall in any way be construed to authorize the said 
 company to use their capital stock or other funds for banking 
 purposes. 
 
 Section 8. The president and directors of said company, 
 
6 
 
 shall, on the first Mondays of December and June, in each 
 and every year, declare and divide so much of the profits of 
 said company as to them shall appear advisable, first deduct¬ 
 ing all expenses, and pay the said dividend to the respective 
 stockholders, or their agents, duly empowered, in ten days 
 after declaring the same, but the moneys received as pre¬ 
 miums upon risks which remain outstanding and undetermined 
 at the time of declaring such dividends, shall not then be con¬ 
 sidered as part of the profits of said company, or divided as 
 such; and if any loss shall happen whereby the capital stock 
 of said company shall be lessened no subsequent dividend shall 
 be made until a sum equal to such diminution shall have been 
 added to the said capital stock; and if the president and di¬ 
 rectors shall knowingly make a dividend or dividends contrary 
 to the true intent and meaning of the prohibitions herein con¬ 
 tained, such of them as shall consent thereto, shall, in their 
 individual capacities be accountable for and pay over to the 
 said company, for the use thereof, as much money as they 
 may so divide and pay, more than by this act they are au¬ 
 thorized to do, and the president and each director of the said 
 company in office at the time of making such dividend, here¬ 
 by prohibited, shall be deemed as consenting thereto, unless 
 he or they, shall, at the time of making and declaring the 
 same be absent from the board of directors, or if present, shall 
 immediately enter his or their protest or protests on the 
 minutes of the board, and also give notice thereof in two or 
 more newspapers published in said city. Provided , That 
 every regulation which the board of directors, with the con¬ 
 sent or by the direction of a majority of the stockholders may 
 make in regard to declaring of dividends, and the accumula¬ 
 tion or diminution of the funds of the company, shall be bind¬ 
 ing on all. Jlnd 9 provided further , That if the said company 
 should fail at any time to meet its engagements, each person 
 holding stock at the time of such failure shall be liable in his 
 individual capacity for the debts of said company, to the 
 amount of the balance unpaid on the stock so by him held. 
 
 Section 9. The stock of said company shall be transferable 
 on the books of said company, only according to such rules 
 and regulations as may be prescribed by the by-laws. 
 
 Section 10. If at any time it shall appear to the legisla¬ 
 ture that the said company has abused or misused any of the 
 privileges hereby granted, the power to repeal this act shall 
 in no wise be denied or impaired, but such repeal shall in no 
 
7 
 
 wise effect the engagements to which said company may have 
 become a party previously thereto, nor shall it be done in 
 such manner as to do injustice to the corporators. 
 
 WM. A. CRABB, 
 
 Speaker of the House of Representatives. 
 
 JOHN H. EWING, 
 Speaker of the Senate. 
 
 Approved the twenty-first day of April, one thousand eight 
 hundred and forty-one. 
 
 DAVID R. PORTER. 
 
 Pennsylvania ss. 
 
 Secretary’s Office . 
 
 I certify that the within and foregoing is a true copy of the 
 original Act, as the same remains tiled in this office. 
 
 Witness my hand and the seal of said office, at Harrisburg, 
 the 3d day of May, A. D. 1841. 
 
 FRANCIS R. SHUNK, 
 Secretary of the Commonwealth. 
 
8 
 
 AN ACT 
 
 Supplementary to an act entitled u An Act to incorpcm 
 
 rate the Reliance Insurance and Trust Company or 
 
 Philadelphia.” 
 
 Section 1 . Be it enacted by the Senate and House of 
 Representatives of the Commonwealth of Pennsylvania , 
 in General Assembly met , and it is hereby enacted by the 
 authority of the same , That the name, style and title of 
 “ The Reliance Insurance and Trust Company of Philadel¬ 
 phia,” authorized by an act approved the twenty-first day of 
 April, eighteen hundred and forty-one, shall be, and the same 
 is hereby changed to that of “The Reliance Mutual Insu¬ 
 rance Company of Philadelphia,” and by that name, style and 
 title, shall have and enjoy the rights and privileges, and be 
 subject to the restrictions and penalties in said act mentioned, 
 except as hereinafter provided, and the capital stock of said 
 company shall be reduced to one hundred and fifty thousand 
 dollars, to be divided into shares of fifty dollars each, and to be 
 subscribed and paid in according to the provisions of the act 
 to which this is a supplement. 
 
 Section 2. All persons who shall insure with the said 
 company, and pay or secure to be paid the premium on the 
 risks insured against, in the manner required by the said 
 company, and the executors, administrators, and assigns of 
 such persons continuing to be so insured, may thereby become 
 members of said company and be entitled to a prorata share 
 of any profits that may be made by such insurances during the 
 period they shall remain so insured, and no longer, which said 
 profits shall be declared and divided as hereinafter directed. 
 
 Section 3. The directors shall on the first Monday in 
 November in each and every year, cause a balance to be 
 struck of the affairs of said company, and if there shall be any 
 ascertained profits after paying all the losses and expenses of 
 said company for the year preceding, they shall first set aside 
 for the use of the stockholders, a sum equal to an interest of 
 six per cent, per annum, on the amount of capital stock paid 
 in out of said profits, if so much remains after paying said 
 losses and expenses, and the remainder of said profits, if any, 
 shall be divided prorata amongst the stockholders and insured 
 members, and within thirty days after the said balance shall 
 be struck, as aforesaid, and before making any other distri- 
 
9 
 
 bution or disposition of the profits of said company, the direc* 
 tors shall cause to be paid in cash to the said stockholders, the 
 said interest of six per cent., and for the remaining profits, if 
 any, they shall cause to be issued the certificates of said com¬ 
 pany to the respective stockholders and insured members, as 
 follows: that is to say, to each stockholder a certificate stating 
 the amount due him for such a proportion of the said remain¬ 
 ing profits as the stock held by him may bear to the aggregate 
 or collective amount of stock paid in, and premiums earned, 
 and to each insured member a like certificate for such a pro¬ 
 portion of the said remaining profits as the premiums paid by 
 him, on risks determined, may bear to the aggregate or col¬ 
 lective amount of the stock paid in and premiums earned, the 
 said certificates to be entitled to an interest or dividend not 
 exceeding six per cent, per annum, to be paid out of the re¬ 
 maining profits, if any, of the years succeeding, or they may 
 be received in payment of the stock of said company, as here¬ 
 inafter provided; but no certificate shall issue unless claimed 
 within two years after the declaration of the dividend or 
 profit, whereof it is the evidence, and the amount of such un¬ 
 claimed certificate, shall, after the expiration of that time be 
 carried to the credit of said company. 
 
 Section 4. No patt of the income or profits of the said 
 company, shall in any case be withdrawn, except as herein 
 provided for, but the same shall remain equally with the ca¬ 
 pital stock liable to the payment of all the losses and expenses 
 thereof; and such liability shall be expressed on the face of 
 the certificates to be issued, as aforesaid; nor shall any inter¬ 
 est be paid, dividend declared, or certificates issued, either to 
 stockholders, insured members, or certificate holders, whereby 
 the capital stock of said company shall be reduced or im¬ 
 paired ; nor shall any interest or dividend be paid on any cer¬ 
 tificates until the interest on the capital stock shall first be 
 provided for. 
 
 Section 5. No certificate shall issue for any sum less than 
 twenty-five dollars, nor for any fractional part of five dollars. 
 The said certificates shall be transferable on the books of the 
 company only, and a transfer book shall be kept for that pur¬ 
 pose. No certificate shall issue to any person indebted to said 
 company, and no transfer of any certificate shall be permitted 
 so long as the holder thereof is indebted to said company. 
 And all certificates shall be subject to and bound by any 
 judgment the company may obtain against the holder thereof, 
 
 2 
 
10 
 
 and the interest of such holder may be sold under an execu¬ 
 tion issued on said judgment in like manner as any other spe¬ 
 cies of personal property. 
 
 Section 6 , No insured member, certificate holder, or 
 stockholder, shall in any case be liable over and above the 
 precise amount of the premium paid by him, or the amount 
 of the certificate, or the amount of the stock held by him, and 
 when such premium, or such certificate, or such stock shall be 
 absorbed by the losses, debts, or expenses of said company, 
 all liability or responsibility on his part shall cease. 
 
 Section 7. At any general meeting or election held by the 
 stockholders and insured members of said company, each 
 share of stock shall entitle tfie holder thereof to one vote; and 
 each insured member shall be entitled to one vote for every 
 sum of fifty dollars by him paid as a premium of insurance 
 during the year preceding, but no person shall vote by proxy, 
 nor shall any stock which is hypothecated entitle the holder 
 thereof to any vote. Insurances may be made and risks 
 taken by said company agreeably to the provisions of the act 
 to which this is a supplement, without the parties insured 
 becoming members or being entitled to any of the profits 
 thereof, and re-insurance may be obtained by said company 
 for any risk against which they may have insured, whenever, 
 and to such an extent as the directors or officers thereof may 
 deem it expedient. 
 
 Section 8. Suits at law may be prosecuted and main¬ 
 tained by any stockholder or insured member against said 
 company, for losses or damages insured against by them, if 
 the payment is withheld more than sixty days after the said 
 company shall have been duly notified of such loss or damage, 
 and no stockholder or insured member of said company, not 
 being in his individual capacity a party to such suit shall be 
 deemed incompetent as a witness. 
 
 Section 9. The certificates to be issued as aforesaid, may 
 at any time be received in payment of, or be converted into 
 the capital stock of said company, under such rules and regu¬ 
 lations as the directors thereof may from time to time make 
 and establish; and it shall be lawful for the said company at 
 any general meeting of the stockholders and insured members, 
 to be called for that purpose, after two weeks public notice, 
 to be given in at least two of the daily newspapers, published 
 in said city, to increase the capital stock of said company to 
 three hundred thousand dollars, to be divided into shares of 
 
11 
 
 fifty dollars each, and when said capital stock, actually paid 
 in, shall amount to three hundred thousand dollars, or when 
 the amount of said stock, so paid in, together with the ascer¬ 
 tained profits, after paying all losses and expenses, shall in the 
 aggregate amount to the said sum of three hundred thousand 
 
 ollars, all the future profits of said company, after paying 
 losses and expenses, may be divided and paid 'in cash to the 
 stockholders and insured members, prorata, as provided in 
 the third section of this act in relation to the issuing of certi¬ 
 ficates of profit, or the same may be applied to the purchase 
 or redemption of the certificates issued by said company, in 
 such manner and at such times as the directors may deem 
 expedient, and all claim or right to interest or dividend on 
 said certificates, shall cease after two weeks notice, published 
 in at least two of the daily newspapers of said citv, that the 
 company will redeem or pay the same, which said notice shall 
 designate the certificates to be so redeemed or paid; and if the 
 holders o 1 said certificates shall not within five years there¬ 
 after present the same for redemption or payment, the said 
 certificates shall be cancelled on the books of the company 
 and the amount thereof shall be carried to the credit of the 
 company. 
 
 Section 10. The said company may from to time receive 
 notes or other securities, real or personal, for premiums from 
 persons intending to effect insurances therewith, or from any 
 other person or persons, under such regulations or agreements 
 as shall be authorized by the directors, which said notes or 
 other securities may be negotiated, transferred, or conveyed 
 by the said company, for the purpose of paying claims, for 
 losses accruing in the course of its business, and on such por¬ 
 tion of the said notes or securities as may exceed the amount 
 of the premiums paid or agreed to be paid by the parties 
 from whom the same may have been received, the said com¬ 
 pany may allow and pay such interest or other compen¬ 
 sation, not exceeding five per cent, per annum, as may be 
 agreed upon by the directors. 
 
 Section 11 No loan of any part of the capital stock or 
 other tunas of said company, shall in any case, directJy or in¬ 
 directly, be made to any director, officer, or agent of said 
 company. 
 
 Section 12. Within thirty days after the affairs of said 
 company shall be ascertained, on the first Monday in Novem¬ 
 ber, annually, as provided by the third section of this act, the 
 
12 
 
 directors or officers of said company shall cause a general 
 balance sheet of said affairs to be made, which shall contain: 
 First . The amount of premiums received during the previous 
 year. Second . The amount of expenses incurred during the 
 previous year. Third . The amount of the losses incurred 
 during the previous year. Fourth . The balance remaining 
 with the company, and the nature of the securities in which 
 the same is invested; and the said balance sheet or statement 
 shall be published for one week, in at least two of the daily 
 newspapers, published in said city, and a printed copy thereof 
 shall be furnished to each member, on request, at the office 
 of said company. 
 
 Section 13. So much of the act to which this is a supple¬ 
 ment, as is inconsistent herewith, shall be, and the same is 
 hereby repealed. 
 
 HENDRICK B. WRIGHT, 
 Speaker of the House of Representatives. 
 
 B. CRISPIN, 
 Speaker of the Senate. 
 
 Approved, the eighteenth day of April, one thousand eight 
 hundred and forty-three. 
 
 DAVID R. PORTER. 
 
 Pennsylvania ss. 
 
 Secretary's Office . 
 
 I certify the annexed and foregoing to be a true copy of 
 the original act of the General Assembly, as the same remains 
 on file in this office. 
 
 Witness my hand and the seal of said office, at Harrisburg, 
 this twenty-fourth day of April, A. D. 1843. 
 
 EDWARD W. HUTTER, 
 Deputy Secretary of the Commonwealth. 
 
13 
 
 A FURTHER SUPPLEMENT TO AN ACT ENTITLED “An ACT TO 
 INCORPORATE THE RELIANCE INSURANCE AND TRUST CoM- 
 pan y” of Philadelphia, approved the twenty-first day 
 of April, eighteen hundred and forty-one. 
 
 Section 1 . Be it enacted by the Senate and House of Re¬ 
 presentatives of the Commonwealth of Pennsylvania in Gene¬ 
 ral Assembly met , and it is hereby enacted by the authority 
 of the same ♦ That the period for striking a balance of the af¬ 
 fairs of said Company, in the manner directed in the third 
 section of the supplementary act, approved the eighteenth 
 day of April eighteen hundred and forty-three, shall be and 
 the same is hereby changed from the first Monday in No¬ 
 vember to the thirty-first day of December, annually, (unless 
 the same shall be Sunday, and then on the day previous) and 
 the other matters and things by the said supplementary act 
 required to be done and performed within thirty days next 
 succeeding the said first Monday in November, shall be done 
 and performed, except as is hereinafter otherwise provided, 
 within thirty^days next succeeding the said thirty-first day 
 of December, annually: And so much of said supplementary 
 act as prohibits the issuing of any certificate for the “ remain¬ 
 ing profits” therein named “ unless claimed within two years 
 after the declaration of the dividend or profit whereof it is 
 the evidence,” and so much of the same act as declares that 
 “ no certificate shall issue for any less sum than twenty-five 
 dollars nor for any fractional part of five dollars,” shall be 
 and the same are hereby repealed; but no such certificate 
 shall be issued for any less sum than ten dollars nor for any 
 fractional part of one dollar; And when the said “ remaining 
 profits ” accruing to any stockholder or insured member, 
 within any one year, shall amount to less than ten dollars and 
 not less than one dollar, the amount thereof shall be credited 
 on the books of the Company, to the party to whom the same 
 has accrued; and if the amount so credited shall, within any 
 term of ten years, but not otherwise, amount to ten dollars, 
 the said party shall be entitled to receive a certificate there¬ 
 for as in other cases. All contracts for insurance made 
 with said Company, terminating within any one year, shall 
 entitle the parties making the same, to participate in manner 
 
14 
 
 aforesaid, in the profits of that year; and on moneys deposited 
 by way of premiums for perpetual insurances, interest shall 
 be computed at the rate of five per centum per annum, and 
 the portion of the said “ remaining profits,” if any, to which 
 the depositors shall be entitled, shall be the proportion the 
 amount of such interest may bear to the aggregate or col¬ 
 lective amount of stock paid in and premiums earned. But 
 no dividend of the said “ remaining profits,” shall be made 
 or declared less than one per cent, on the aggregate or col¬ 
 lective amount of stock paid in and premiums earned: And 
 annually, before making or declaring any such dividend, the 
 directors shall reserve out of such “ remaining profits,” for 
 contingencies, such reasonable amount as they may deem 
 expedient, not in any one year exceeding two per cent, on 
 the said aggregate or collective amount of stock paid in and 
 premiums earned. And the amount of all such “ remaining 
 profits ” less than one per cent, together with the amount 
 reserved by the directors for contingencies, as aforesaid, and 
 all amounts accruing to any individual or party in any one 
 year, less than one dollar, and not credited on the books of 
 the Company, and the fractional parts of a dollar above ten 
 dollars, accruing to any individual or party and not included 
 in a certificate, and the sums credited on the said books to 
 any individual or party, less than ten dollars, in any term of 
 ten years, together with the amounts of all certificates or all 
 sums entitling individuals or parties to certificates, remain¬ 
 ing unclaimed for the teim of three years after the declara¬ 
 tion of the dividend or profit entitling the parties to the same, 
 shall accrue to the Company and be carried to the contin¬ 
 gent fund thereof, Provided , that the estimates and dividends 
 of profits to be made and declared by the directors under the 
 provisions of said supplementary act and this act, shall be 
 conclusive and binding upon the Company and upon all per¬ 
 sons entitled to participate in the profits thereof. 
 
 Section- 2. The directors of said Company shall hereafter 
 be elected on the first Monday in February, annually, in¬ 
 stead of the third Monday in December, in the manner and 
 subject to the provisions and conditions mentioned in the act 
 to which this is a further supplement; and the president and 
 directors now in office shall serve until the first Monday in 
 February eighteen hundred and forty-six, and until others 
 are elected in their stead. 
 
15 
 
 Section 3. Any money or estate, real or personal, con¬ 
 fided to the said Company in trust, shall be liable only for 
 the contracts, engagements, or performances growing out of 
 or appertaining to said trusts. And in all cases where ap¬ 
 plication shall be made to any Court in this Commonwealth 
 for the appointment of any trustee, receiver, assignee, or 
 guardian, or of any committee of any lunatic, it shall be law¬ 
 ful for such Court to appoint said Company, with their con¬ 
 sent, to be such trustee, receiver, assignee, guardian or 
 committee; and in case of such appointment, the said com¬ 
 pany shall not be required to give security, but shall be re¬ 
 sponsible for the goodness of all investments made by them 
 of the funds committed to their care by such appointment: 
 And the accounts of said Company as such trustee, receiver, 
 assignee, guardian, or committee, shall be regularly settled 
 and adjusted by the proper tribunals; and all legal, proper 
 and customary charges, costs and expenses, shall be allowed 
 to the said Company for their care and management of the 
 funds and estates so committed to them. 
 
 FINDLEY PATTERSON, 
 Speaker of the House of Representatives. 
 
 WILLIAM P. WILCOX, 
 Speaker of the Senate. 
 
 Approved the twenty-fourth day of February, one thou¬ 
 sand eight hundred and forty-five. 
 
 FRS. R. SHUNK. 
 
 Pennsylvania , ss. 
 
 I Certify the within and foregoing, to be a true copy of 
 the original act, entitled “A further Supplement to an act, 
 entitled “An act to incorporate the Reliance Insurance and 
 Trust Company” of Philadelphia, approved the twenty-first 
 day of April, eighteen hundred and forty-one, now remain¬ 
 ing on file in this office. 
 
 In testimony whereof, I have hereunto set my hand and 
 the Seal of the Secretary’s Office, at Harrisburg, this 
 twenty-sixth day of February, in the year of our Lord 
 one thousand eight hundred and forty-five. 
 
 H. PETRIKIN, 
 
 Dep. Sec. Commth. 
 

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