New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-28

|! 426 Kennedy, H 4g5o
Hes E E;$s:5j w. John 5 55$
INSURANCE.
STATE OF LOUISIANA, CITY OF NEW OR
LEANs known, t9at this eehteenth day Of May
ss he ss @
lea the eighty first before Edward George aoschak
leans aforesaid Any commissioned and sworn, personally
av Ss hs s
ions of the Of the State of Louisiana relative
Do bd
po ad an @
the seS Sa the eg
ARTICLE l..
Company shall be established and domicilated in the
name Of 1.-THE Star Insurance Company" 1t shall commence
business half Of It's capital stock shall have
from the date hseof unless its should be- sooner qa
Company It shall have seal with device upon the same
and the of the Company on the margin thereof and the
ARTICLE II.
objects and purposes of this Company declared
Fs-To make dwelling houses stores other
buildings household furniture merchandise other property
Second~To effect npon vessels freights
steamboats, goods merchandise, specie, bullion
MISSIONS profits bank notes. bills exchange other evil
dences of debt boomry and respondents interests and
marine or inland transportation risks And
|
And h Company may cause itself to be rensured against
upon which it may have made shall make insu
The President or Secretary Company
person whom citation in all suits against the Com
pany.
The capital of the said Company shall be three hundred
thousand dollars to be divided into three thousand shares of
the amount Of his cash Ola
shall furnish his three several promory the
order Of the an equal each and payable
which said cash and notes receipt shall be given by
The a Of ss es the ss h be
certificates of stock for the amount Of their snbseponspo
up full of his subscription in cash. in which he
shall be allowed interest at the rate OF even cent
The shares in the capital stock so formed shall be considered
personal property, shall be according
rules and under such restrictions the Board of Directors
And no sockhode SHALL any event. for losses
the Company beyond and above the OF his subscription
| ARTICLE ".
All the corporate powers of the Company shall exercised
by Board Of nine Directors which shall have power
I TO "P sd reco Gs sn a s e
the stokhoers on the S Monday Of JUNE in each year
New Orleans of which days notice shall be given in
city, ana rh E1f @ are ses
the second Monday succeeding their election and to hold the
during thereto, until their
elected But should such happen any cause o
deemed dissolved but 6s Of Directors then n
Office shall continue 50 n their are and
all such elections for Directors those receiving
puy oil the votes ac'a"y cast snail Dc cosiuefe1 auS
In ali elections each stakeholder right to vott
by well in and he shall be entitled
vote every five shares of stock he may provided
than twenty provided, also that person
right uponany stock that have been
The Board of Directors shall at their first meet
o OF the own rsent who sha hold hi. unit
his elected They Shall appoint Secretary auc
the proper management Of the e, AFFAIR." Of the company
The President shal preside AZ az meetings oi me Bohtd hn
ronc The G,nes of the COMPANY generally hinder the ner
the Board Of Directors 1t shall be his duty sign
the policies which shall be conntesg,
the Board Judgment may necessary
o Tor ac s Of s BE eey md nth 'h at S 1
detailed statement of the affairs Of the company shall
always be open to the inspection Of the stockholders
ae sn clerks s e S s By & o. a"
shall invest the profits Of the from time time
as ma s and o
proper RI @ S Ct the not to s act
tons they shall fix the rates of premium at which insurance
generally all necessary carry the objects of t
corporation and to Gil all yacsGces that in the Boar%
have power appoint (or esoI
duTing such absence or sickness in whom Shall be ha
9 s f sTs Aa a & e aas into operao
ors Wit r Forstsi " Bogart e. w. Logan, j. P
Perrs p Gand, 4 F, Elliott, Il; Giqnei, " e q. Ga
borne ana d. r. ieye wG7e term Of service shaii eohnu
eight H858 or until their successors are duly qualified
AtAe expiration OF every s months rom ie 0I2anitinh
the nra BOARD o ecto SHIRT DC rug uIi! OF me Olcts
ths company uhuer me SUPERVISION OF he hoato OF I1itecot
to cause an estimate 10 be made and sworn to by the Prese
anu Secretary OF the COMPANY showing what amount OF eane
premiums nave hctMy ueth tecei' ca uuFiI ut tiie lr1
"issc ra NC hai h ti w, n1 r p'ra i i a
profits made, a reasonable portion shall be
forming contingent " hereinafter
vded for provided not less than of such profits
until such fund is completed and the balance shall
divided the stoCkt olders paid them
,pr1crp ~
n'ieNE VI
1t shall be lawful for the Board of Directors onves the fun
of the Company in bonds and mortgages nnneunbered
improved real situate in the parsesO Orleans and e
te9n They may also invest the funds of the Company in
stocks created by under the laws OF the United STATES
this State this city, and loan the security of
stocks And the Board Of Directors generally II
funds Of this Company in they deem
vanageous its interests not contrary the provisions of til
charter this loans on pledges
its stock specially prohibited.
The Corporation is prohibited from holding real esat
building be deemed advisable
by the Board of Directors and majority stockholders
be the Company Provided however, u.
the Board of Directors through The President pnrcR
property witch be mOrgaged or pledged the COmpar
any forced sale of the it. in their opinion
Of the Company should require it But it shall be their
resell such property within reasonable time, exceed