The Sun Mutual Ins. Co. v. . the Mayor, C., of New York
New York Court of Appeals
The plaintiff is a corporation formed under the provisions of an act passed May 21, 1841, with the powers and privileges, and -subject to the restrictions and limitations contained in the act incorporating the United Insurance Company, passed May 14, 1840. By the terms of the last mentioned act, commissioners were appointed to receive applications for insurance, and as soon as such applications for insurance to the amount of five hundred thousand dollars should be received,…
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The plaintiff is a corporation formed under the provisions of an act passed May 21, 1841, with the powers and privileges, and -subject to the restrictions and limitations contained in the act incorporating the United Insurance Company, passed May 14, 1840. By the terms of the last mentioned act, commissioners were appointed to receive applications for insurance, and as soon as such applications for insurance to the amount of five hundred thousand dollars should be received, the commissioners were to give notice of an election of trustees of the company. It was provided by the sixth section of…
1Opinion of the CourtGardiner, J.
The various questions raised and discussed in these suits have, with two exceptions, been heretofore considered and determined by this court- If it was customary to review matters once deliberately decided, nothing has been advanced by the distinguished counsel who have argued for the appellants, to induce us to depart from our former decisions.
The statute under which the plaintiff organized, provides, that when applications to the amount of $500,000 shall be received, trustees may be chosen: that premiums paid in the first instance shall constitute the assured stockholders, and shall never…
2Cited by50 opinions
- People Ex Rel. City of Rochester v. BriggsNew York Court of Appeals · 1872
- Bowman v. CockrillSupreme Court of Kansas · 1870
- State v. MorganSouth Dakota Supreme Court · 1891
- The People v. . the Home Insurance Co.New York Court of Appeals · 1883
- Johnston v. . SpicerNew York Court of Appeals · 1887
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