The first meeting for thepurpose of organization under such charter shall be called by a notice signedby one or more of the subscribers to the certificate of incorporation, statingthe time, place, and purpose of the meeting; and at least seven days before theappointed time a copy of this notice shall be given to each subscriber, left athis usual place of business or residence, or duly mailed to his post‑officeaddress, unless the signers waive notice in writing. Whoever gives the noticemust make affidavit thereof, which affidavit shall include a copy of the noticeand be entered upon the records of the corporation. At the first meeting, orany adjournment thereof, an organization shall be effected by the choice of atemporary clerk, who shall be sworn; by the adoption of bylaws; and by theelection of directors and such other officers as the bylaws require; but atthis meeting no person may be elected director who has not signed thecertificate of incorporation. The temporary clerk shall record the proceedingsuntil the election and qualification of the secretary. The directors so chosenshall elect a president, secretary, and other officers which under the bylawsthey are so authorized to choose. The president, secretary, and a majority ofthe directors shall forthwith make, sign, and swear to a certificate settingforth a copy of the certificate of incorporation, with the names of thesubscribers thereto, the date of the first meeting and of any adjournmentsthereof, and shall submit such certificate and the records of the corporationto the Commissioner of Insurance, who shall examine the same, and who mayrequire such other evidence as he deems necessary. If upon his examination theCommissioner of Insurance approves of the bylaws and finds that therequirements of the law have been complied with, he shall issue a license tothe company to do business in the State, as is provided for in this Chapter. (1899,c. 54, s. 25; 1903, c. 438, ss. 2, 3; Rev., s. 4728; C.S., s. 6329.)
The first meeting for thepurpose of organization under such charter shall be called by a notice signedby one or more of the subscribers to the certificate of incorporation, statingthe time, place, and purpose of the meeting; and at least seven days before theappointed time a copy of this notice shall be given to each subscriber, left athis usual place of business or residence, or duly mailed to his post‑officeaddress, unless the signers waive notice in writing. Whoever gives the noticemust make affidavit thereof, which affidavit shall include a copy of the noticeand be entered upon the records of the corporation. At the first meeting, orany adjournment thereof, an organization shall be effected by the choice of atemporary clerk, who shall be sworn; by the adoption of bylaws; and by theelection of directors and such other officers as the bylaws require; but atthis meeting no person may be elected director who has not signed thecertificate of incorporation. The temporary clerk shall record the proceedingsuntil the election and qualification of the secretary. The directors so chosenshall elect a president, secretary, and other officers which under the bylawsthey are so authorized to choose. The president, secretary, and a majority ofthe directors shall forthwith make, sign, and swear to a certificate settingforth a copy of the certificate of incorporation, with the names of thesubscribers thereto, the date of the first meeting and of any adjournmentsthereof, and shall submit such certificate and the records of the corporationto the Commissioner of Insurance, who shall examine the same, and who mayrequire such other evidence as he deems necessary. If upon his examination theCommissioner of Insurance approves of the bylaws and finds that therequirements of the law have been complied with, he shall issue a license tothe company to do business in the State, as is provided for in this Chapter. (1899,c. 54, s. 25; 1903, c. 438, ss. 2, 3; Rev., s. 4728; C.S., s. 6329.)
The first meeting for thepurpose of organization under such charter shall be called by a notice signedby one or more of the subscribers to the certificate of incorporation, statingthe time, place, and purpose of the meeting; and at least seven days before theappointed time a copy of this notice shall be given to each subscriber, left athis usual place of business or residence, or duly mailed to his post‑officeaddress, unless the signers waive notice in writing. Whoever gives the noticemust make affidavit thereof, which affidavit shall include a copy of the noticeand be entered upon the records of the corporation. At the first meeting, orany adjournment thereof, an organization shall be effected by the choice of atemporary clerk, who shall be sworn; by the adoption of bylaws; and by theelection of directors and such other officers as the bylaws require; but atthis meeting no person may be elected director who has not signed thecertificate of incorporation. The temporary clerk shall record the proceedingsuntil the election and qualification of the secretary. The directors so chosenshall elect a president, secretary, and other officers which under the bylawsthey are so authorized to choose. The president, secretary, and a majority ofthe directors shall forthwith make, sign, and swear to a certificate settingforth a copy of the certificate of incorporation, with the names of thesubscribers thereto, the date of the first meeting and of any adjournmentsthereof, and shall submit such certificate and the records of the corporationto the Commissioner of Insurance, who shall examine the same, and who mayrequire such other evidence as he deems necessary. If upon his examination theCommissioner of Insurance approves of the bylaws and finds that therequirements of the law have been complied with, he shall issue a license tothe company to do business in the State, as is provided for in this Chapter. (1899,c. 54, s. 25; 1903, c. 438, ss. 2, 3; Rev., s. 4728; C.S., s. 6329.)
