| Show AN IMPORTANT SUBJECT SOMETHING nocal IN uit alt ANCE IN CORPORATIONS or late in what to be the interest a of the public wea weal we made mid e reference to a certain local local Fi fire reInsurance insurance Com compoy piny today in conversation with judge mer Mei merritt riot ritt a leading lawyer of this city the of insurance In corporations was introduced when that gentleman gave it as his Impre impression salon selon that an enterprise of that nature would not be a we rafe institution from a legal standpoint reference was made to 1889 ot or the revised statu tes tel of the united states which reads as follows BEO 1889 the legislative legisla tive tivo lies of the several beveral territories shall not grant private charters chatters or especial privileges but they may by general incorporation acts permit persons persona to associate them themselves to gether as bodies corporate for min ipg manufacturing and other in du pursuits or the construction or operation of railroads railroad wagon roads irrigating ditches and the colonization and improvement of lands in connection for college colleges 9 seminaries arless churches libraries or any benevol benevolent tent lent charitable or scientific association the legislature of utah passed a law in 1870 in conformity with that enacted by Cong congress mas mai al mot following its language of 0 which we herewith give the elret section that hereafter whenever any number of persons not lees than six one third of whom beng being or of this territory am are desirous of as aa boc soc lating themselves together for establishing and any mining or other industrial pursuit or the construction construct fon ton or operation of wagon roads irrigating ditc ditche ditchey be or the col and improvement of lauds laude or for colle colleges gebs gers libraries or any benevolent charitable or scientific association or for any rightful subjects cone isteni latent with the constitution of the united states and the laws of this terri Terzi territory tory and who wish to incorporate for that pur may vy ly complying with the provisions of this thia not abot become a body corporate corpor corpord ite te there is a question whether insurance could be properly included within the meaning of thie terms specified in the language of either or both of the laws above quoted and to say bay the least the construction the courts would put upon it is necessarily involved in doubt giving the embarkation in an of that character an element of legal ime insecurity regarding which capital is a always exceedingly sensitive |
