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company shall be the officers of said corporation until the first Monday of July next, when and in each successive year thereafter, on the day aforesaid, an election shall be held for the choice of directors of said company, ten days' previous notice thereof having been given in some newspaper printed in said Hartford; each stockholder shall be allowed one vote for each and every share of stock held by him, and the directors of said company shall choose a president and secretary of the said corporation, who shall hold their offices for one year, and may appoint such other officers and agents as shall by them be deemed expedient for conducting the business of the company. Approved May 28, 1853.

THOMAS H. SEYMOUR.

GENERAL ASSEMBLY, JANUARY SESSION, A. D. 1878. AN ACT TO AMEND THE CHARTER OF THE AETNA LIFE

INSURANCE COMPANY OF HARTFORD. Be it enacted by the Senate and House of Representatives in General Assembly convened: SECTION 1. The Aetna Life Insurance Company of Hartford is hereby authorized and empowered, from time to time, to increase its capital stock to an amount not exceeding seven hundred and fifty thousand dollars, from such surplus funds of said Company as may be derived from, or are the proceeds of, business done upon the non-participating stock plan of insurance, and the same shall be apportioned pro rata among those who are stockholders at the time such increase is made; but the capital stock shall not be increased without the approval of the Insurance Commissioner of this State; but no greater dividend shall be paid upon the capital stock of said company than ten per cent. per annum.

Sec. 2. In case said Company shall increase its capital stock in the manner provided by the first section

of this act, it shall not declare or pay to its stockholders,
from the profits of the mutual or participating depart-

ment, a greater amount than nine thousand dollars per

annum.

This act shall take effect when it shall be approved by

a major vote of the stockholders of said Aetna Life In-

surance Company, and a certified copy of said vote of ap-

proval lodged on file in the office of the Secretary of

State.

GENERAL ASSEMBLY, JANUARY SESSION, 1882.

AMENDING THE CHARTER OF THE AETNA LIFE INSURANCE

COMPANY.

Resolved by this Assembly: SECTION I. The annual

meeting of the Aetna Life Insurance Company for the

choice of directors of said company shall be held on the

second Tuesday of February in each year.

Sec. 2. So much of the charter of said company

as requires said annual meeting to be held on the first

Monday of July in each year is hereby repealed.

Sec. 3. This act shall take effect when approved

by a major vote of the stockholders of said Company,

and a certified copy of said vote of approval lodged on

file in the office of the Secretary of State.

Approved March 8, 1882.

HOBART B. BIGELOW.

GENERAL ASSEMBLY, JANUARY SESSION, 1883.

AMENDING THE CHARTER OF THE AETNA LIFE INSURANCE

COMPANY.

Resolved by this Assembly: SECTION 1. The Aetna

Life Insurance Company of Hartford, is hereby author-

ized and empowered, from time to time, to increase its

capital stock to an amount not exceeding two millions of

dollars, by the issue of not exceeding in the aggregate

twelve thousand five hundred shares of the par value of

one hundred dollars each, such additional stock to be paid in cash or by the application of such surplus funds or profits as may be derived or are the proceeds of the business of accident or the stock non-participating plan of insurance, as the directors of said Company may deem proper. Such increased stock shall be apportioned pro rata among the stockholders of record at the time such increase is made, and no greater dividend shall be paid upon the capital stock of said Company than ten per centum per annum, except from the profits or earnings from the business of accident insurance.

Sec. 2. This act shall take effect upon the written approval of the Insurance Commissioner of this State, and when approved by a majority vote of the stockholders of said Aetna Life Insurance Company, and a certified copy of such approval and vote lodged on file in the office of the Secretary of State. Approved March 21, 1883.

THOMAS M. WALLER,
Approved April 6, 1883.

JOHN W. BROOKS,

Insurance Commissioner. GENERAL ASSEMBLY, JANUARY SESSION, A. D. 1893. AMENDING THE CHARTER OF THE AETNA LIFE INSURANCE

COMPANY. Resolved by this Assembly: SECTION 1. That the Aetna Life Insurance Company is hereby authorized and empowered to insure persons against loss of life or personal injury resulting from any cause, and to insure persons or corporations against loss or damage resulting from accident to or injury suffered by an employe or other person, and for which the person or corporation insured is liable.

Sec. 2. This act shall take effect when approved by a major vote of the stockholders of said company, and a certified copy of said vote of approval is lodged on file in the office of the Secretary of State. Approved April 12, 1893.

LUZON B. MORRIS,

Governor GENERAL ASSEMBLY, JANUARY SESSION, 1903. AMENDING THE CHARTER OF THE AETNA LIFE INSURANCE

COMPANY.

Resolved by this Assembly: SECTION 1. That the Aetna Life Insurance Company, of Hartford, is hereby authorized and empowered from time to time to increase its capital stock to an amount not exceeding five million dollars, by the issue of not exceeding in the aggregate thirty thousand shares of the par value of one hundred dollars each, such additional stock to be paid in cash, in such amounts, and at such times, and on such conditions, as may be prescribed by the board of directors. Such increased stock shall be apportioned pro rata among the stockholders of record at the time such increase is made, and no greater dividend shall be paid upon the capital stock of said Company than ten per centum per annum, except from the profits or earnings from the business of accident, casualty, and health insurance.

Sec. 2. This resolution shall take effect when approved by a majority vote of the stockholders of the said Aetna Life Insurance Company, and a certified copy of such approval and vote lodged on file in the office of the Secretary of State. Approved March 11, 1903. ABIRAM CHAMBERLAIN,

Governor.

BY-LAWS OF THE Ætna LIFE INSURANCE Company.

SECTION 1. The officers of the company shall consist of a president, vice-president and secretary.

Sec. 2. The president shall preside at all meetings of the directors, and perform such other duties as are incident to his office. In his absence, the vice-president shall have the powers of the president.

Sec. 3. There shall be two standing committees; a committee on finance, and a committee on claims, of which the president shall ex-officio be a member.

Sec. 4. The secretary shall keep a record of all meetings of the board, and do such other duties apper. taining to his office as he may, from time to time, be called upon to perform.

Sec. 5. Regular meetings of the board shall be held on the third Monday of each month. Notice of such meetings shall be given by the secretary, and special meetings shall be called by the secretary at the request of the president or three directors.

Sec. 6. Three directors shall constitute a quorum for the transaction of business.

Sec. 7. The finance committee shall consist of three directors, who shall have the supervision and management of the finances of the company.

Sec. 8. The committee on claims shall consist of two directors, who shall examine and decide upon all claims for losses arising under policies of insurance.

Sec. 9. The board shall appoint from their number two auditors, who shall examine the books and accounts of the company monthly, and the assets semi-annually or oftener, and report to the directors.

Sec. 10. Stock shall be transferable only on the books of the company in person, or by power of attorney.

Sec. 11. The president or secretary is authorized to transfer stocks owned by the company in the case of sale, and stocks held as collateral securities for loans when said loans have been paid; also to execute releases of mortgages upon real estate standing in the name of

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