From the evidence in the ease it appeared that the C. 0. C. was} organized under French law Tanuary, 1020, with a capital of shares of the par v and in addition, 600 founders shares: without any nominal value, the: holders thereof having no right to interfere in the company's business) or to attend general meetings of the shareholders, but only having the right to participate in. the profits in accordance with a clause in the articles of incorporation.
The purpose of the company was for "transacting insurance business of every kind, especially schemes for the encouragement of thrift or "capitalization" as prescribed by the laws and decrees for promoting, developing and encouraging thrift] and prudence, and also for the purpose of transacting business dealing with the creation of a capital sum or sums by means of one or more payments which will be issued by the company and redeemable] either at a fixed date or by drawings.
Text read from the printed page and cleaned; old type leaves the occasional error.