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

INSURANCE.
Known ha sa e sxhh 9 day stS E
the year Of our Lord thousand eight hundred
"a Il @stS Iss sf
ess pssensy
avspa
State Of Louisiana relative the organization corporations
hess
sy n I'm an into md constitute
ARTICLE FIRST.
5 sa @ ~ ~" g. "MGfs
shall tie sum Of one hundred
aGf @ sy S ss
corporate seal having for device the of
OF Louisiana and for an inscription the Of the Company
ARTICLE SECOND.
The objects and the Company hereby declared
presses every other description Of Buildings HOUSEHOLD fa
nnre goods wares machinery and other prop
ID To make assurances upon ships vessels
@ @ b sSngs aa
denees of debt, commissions profits bullion money and
lives bottomry and respondenta interests words
effect fire, marine river and life insurance of kind whao
itsslf be risk
ses and 9TH the be
manner hereinafter provided for.
ARTICLE THIRD.
fifty thonsand dollars divided Into twenty i've hundred shares
of hundred dollars each to be paid for the time the
The the said Company shall into the hands
ne twenty dollars cash each every share
By them Sss on to eaa h ] the
Bile demand the office of said Company such time and
ds shall be made BY iss%en not more p,1
a S M s tsS os Of a Sr be-
ce n French and in at least two Of the daily papers
made witch capital stock Of two hanrsd and y
thousand dollars as hereinafter provided for
ATICLE FOURTH.
ns be be- y
the Monday July year. the office Of the Com
published in this city continued for ten days
spsh
orr to I at st aS esesns ana any of said de-
in their stead The Board thus elected
heefom until their elected
and qualified The first election shall take place within
ded for Mesrs. Thos n Blake Eugene Fran.
to anpH'ss
an sf 5 se y
eight n e voss , Ire x b and an e
sne,s
S s" nna e in r. a aos
election to take place within ten days thereafter and give notice
ac and every sockhoder shall be entitled either in person
pc 5 sd thar n hs @
ration company shall be entitled greater
fer:ed him them within ninety days said election
ARTICLE FIFTH.
At the time of the expiration of the
Company sooner i ordered BY OF the Stockholders
qa@te debts paid under the charge and spernsndsncs
Of three to be appointed BY the ord Of Direct
the affairs Of the Company
ARTICLE SIXTH
Tie Board Of Directors shall their first meeting in every
elect from among themselves President and Vice Pe,
dent who shall hold their Office until their shall be
elected.
ARTICLE SEVENTH.
No shall be capable Of being elected Director Of said
Company who not ut the time Of his election and during
his Continuance once hold name or that Of tie
commercial house which he may partner, ten
shares of the stock Of said company.
| ARTICLE EIGHTH.
The Board of Directors shall have power appoint
officers clerks and employees shall be necessary Tor
laws rales and regulations they deem necessary the
St q @ 3 M the same shall not
They shall fix the conversation Of the officers clerks and
ploye, eIeced employed by them in the service OF the Go
occur in their number in the Presidency.
ARTICLE NINTH.
The resent hG sG al p9ceS ana preside at all NEE;
The COMPANY seneray under the vision Of The Board Of
ARTICLE TENTH.
tt" Board Of Directors shall have TO invest from time
no a me @S @ sp n UI ,ms SG r IN eG a
worth least double The amount loaned thereon They may
f 'I s sT the s sE DGGd qs or %
sfors, Securities bonds or stock T1ey sa have power
dp seo obtained by of security of stock
faction debts previously contraced Or purchased at pnb,
pauy Of any property movable immovabe which
have been abandoned said Company The
eaton Of business but nothing herein contained shall be
construed as to authorize the sid Company to discount neso
reety or indirectly to deal or trade in buying or selling NOV
able OF mnUvabe property goods merchandise.
5 ARTICLE ELEVENTH.
Conpm as ha appeal but the prop s Of
TValOn hpt
time Of making such dividends shall be considered form
~beSyy The ea GaSi Of s compsy sRS
mutton shall have been covered and made by the profits
ARTICLE TWELFTH.
m ye 6G to- M BE sbn not as 4
cent on the amount paid in and the balance shall be placed
a ba a the and
to issue certificates to the stockholders for ull paid shares.
+ ARTICLE THIRTEENTH.
After the whole capital stock of said Company shall have bee
paid in the Board Of Directors shall have the right to tedue
Ean two nre a and V bGusm doIprs sba have @
formed and realized to be added the capital stock OF said Com
,, pany.
) ARTICLE FOURTEENTH.
It shall be the duty President and Board of Directors
within month from the close expiration Of each
%o daily newspapers published in his cy, and 70
the S at S sa n1Ss5 G
the aouqt Of premium received during the previous year pt
against fire. what on marine policies and what Oh river po
s aGo Of o aFn a t
red by different kinds policies third.
amount capital stating the portion of the invested In
= curiIes, and the nature Of the securities.
ARTICLE FIFTEENTH.
t age incurred by said company beyond tic amount eap
o stock held or owned by him or them respectively.
1t ARTICLE SIXTEENTH.
Any stakeholder who shall fail neglect ina
when ordered by the Board of Directors
article third shall forfeit to the Company all you
10 and cease to be ckholder in said Company.
lie ARTICLE SEVENTEENTH.
No Stock shall be transferred unless such transfer be made
e the books OF the Company Should any stakeholder desire
transfer stock previous ofu payment of the having bee
cations OF the party purchasing provided the substituted obi
tie cations satisfactory to the Board of Directors.
le ARTICLE EIGHTEENTH.
This act incorporation may be modified altered amended
Il the sa Company dissolved, at general meeting TO be
vened for that purpose after thirty days notice French
the of the stock represented at such
" ing and all such notifications, alterations
dissolution shall be recorded and published accordiE
u, ! TO law.
o. aforesaid, in the OF James N Te
- and Edward Auirr. witnesses whs leeuuto sign the
III names with said parties ana we notares.
u The original Is signed: l.. Il ILACE,
LABORDE & XIQUES,
JAMES ID. DENEiRE.
and others.
n; JAMES n TELLER,
"a EDWARD S. AuDIER,
rs EDWARD BARNETT, Notary Public.
certify the foregoing be copy the original
ID record in office In faith whereof grant these presents
signature and the of office
~ OF New Orleans, this 18th day of April 1857.
u EDWARD BARNETT, Notary Public.
IT, The undersigned, Recorder Mortgages for the parish
city New Orleans Of Louisiana, ceres that the
ed n