New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-14
INSURANCE.

and of the independence Of these unitep s'asT o. % &
lie in and for The parish Of Orleans State Of Louisiana aforesaid
a" s psStes Sss names s"a s To
a ayAg of the s "rs ii Of
this State they covenaned and agreed and DO by these
they to into md son,nts coTpo
objects and purposes ana under Tie Spa"'iohS
md regulations following, thatis TO say
ARTICLE FIRST
s q M sa S% oEaN aad M
domic is hereby established i'll the city Of New Orleans. 1t
" "sTs .n @ sen @ s and
isl twenty from the date thereof 1t shall havea
Louisiana and for an inscription the name Of the Company
ARTICLE SECOND.
The objects and purposes of the Company hereby declared
Isl: To assurances upon dwelling houses stores cotton
presses aud other description Of buildings household fur
e .s' H sI o Gs' %ase y rs anu oe' p0
"a TO maxi iqsur"ces ships and other sea vessels
die gold silver bank notes bills of exchange and other ev
against all maritime inland transportation, risks and upon
lives Rotonry and rssponisga interests in Other wotd to
The Company may cause itself to be any risk
which shall have made and all citations,
tees and other legal process wherein the Company may be in
manner hereinafter provided for.
ARTICLE THIRD.
The capital stock Of ad Company shall be two hundred ana
Of one hundred dollars each TO be paid for at the time and IN the
The subscribers Company shall pay into the hands
the Of dollars in cash on each and every sh ar,
subscribed ~ them and rnh teT notes. to d ne Graer Oh ,e
BILE on demand at the Office Of sad Compn =" snS tune ana
vde that the same shall made by nstanents
than dollars each s@ at such Rsd% drx s may p be
tee il French English least Of the daily papers
Bs MADE %ch s d ea,s s'os and fly
thousand dollars may be increased to the sum OF hVe hundred
ARTICLE FOURTH.
All the corporate The Company shall be ny
l,arI 1f ii pt n
the Monday July each year te ofice Of the Com
ne~spaperS published in t city continued day
immediately ecsding said lection n the freneh ana ngli
preside such elections and if nny Of said Inspectors de-
fFe er ." eaG Tn Board f thus
the fourth Monday q the said month Of July ana to hon me
and qualified The r. election shall take place within twenty
s sS d9 s 4H SG "h gsne GS
Moreno Jr all Of this city arr hereby appointed INSPECTOR
Directors Of said COMPANY and shall rem in in Of
esh th or mil mt te successors are elected and qualified
al elections the votes shall be BY balG and those persons
considered duly elected aud Tie event OF no election taking
election take place withnte days thereafter, and give notice
Each and every shall be entitled either
by to vote for each and Every share which he she or
ration or company a entitled o greater Of
than twenty, after the Gle ton any share trans
erred him them within ninety days prior to said election
ARTICLE FIFTH.
Attic time Of the expiration Of the charter Of the aforesaid
hereinafter provided for the affairs OF said company shall be
sgdied lis debts paid under the eLTTe and
who shall remain in office until the final liquidation Of
the ''"''s u '''S 0''''I ARTICLE SIXTH.
The Board of Directors shall II, their first meeting in every
wear elect from among themselves Vice Pre
dent; who shall hold their office until their huccesaoss shall bt
elected,
No shall be capable of being elected Director Of ai.
Go"y % os sS a" 5 ID ms Sw s se 6 1 d G til
commercial house Of which he may be partner at least tel
ARTICLE EIGHTH.
The Board Of Directors shall have the to appoint sucl
dactn Of the business Of said Company and to oran such by
aw rules and %ET9ns As they % I eet%Ty for On
act WITH the law Of this State or the true intent and meaning
Of Ili> act .,.-,., ,..
R9ye Sya Or o @ o NY 6 to- yass ME- @
p pa"i in ,hnjr number or In the pye.irgcy
ARTICLE NINTH
Company generally under the supervision Of the Board
Directors IN c"st HIS ABSENCE ie ICE feS'' 9""'' ''
S''e AZ suc' meetings , ', ,,,>r,,
ANIhchE TENN. r., res, from Tim
to time the money and cap" OF the Company in bonds an
the parish Of Orleans which, in every case s2 be deeme
worth At Ies done the amount loaned ts5S9 Iaey may al
by under the laws OF the Cued State, Of ,hs state or I
soty@t sy:ry Bonds :%c Tbsy sGa power
disp 0! mortgages Obtained by OF security or OF oC
pledged for security Of property conveyed 10 them in hti
aGlion Of dyD colractGl or pa[ca9%H at pHoL
sac upon OF r'IsrS o %'G ~ rich nn
Pt,3 III VI , ''t ~! III ,,,r a. ~ " nn,rni,r H. -
tHt uret i W , " a;, ,,r ~, . H.,
c,t".J az 70 The sid unInanv 10 discount nrg,ti
BE paper or to do any other banking operation
rrct or indirectly TO deal trade buling selling
able or uuugvahe rruperty goods wares or merchandise
: ARTrGIE ELEVENTH.
Yearly dividends ,n be III c of So much Of the profits of Il
Cnmpat, shall appear proportion of
h niuns received risks Which shall he terminated Il
such dividends Shall be considered
ing parts profits Company and in any lC
losses whereby the capita! stock Of said Company shall
lcssencd dividend shall be made until such din
nuiion shall have been covered ana made up h tile pEohls
:. ARTICLE TW ElITH
" Ii the yearly dividends be declared Aforesaid
Q be paid TO the stockholders shall exceed
the paid in and the balance shall be placed
1t the credit unpaid stock until the paid in M
shall be the duty the PeSiettId Board of ectC
81 certificates the stockholders for tu puid shares
10
t 49, AhilEi.E ~ u M a. TT r.. IL -, !, , -,
III AteF me wlott tHpi1sl socN u St o'Is ~. I
ie paiu H. me hotru o i'I'Gcto'S ' H'Nt "t "
from tHcu yearly al Nllei ana nay ny Auc l' o. I aHI VI
GenH As tney ma! deem nr"pG UNI" 'hi u ho' M
Than TWO nH"icd ana MY IlohN"id uoiN5 sun; nav w
tonne" ana ttA!@ed 10 De 'ueu 10 Tue caI VI sal"
Ne pal!
e T. ,1, Iva III, dur Of ,, prsiau ni HOARD of Direco
IL ~ n ~ 49, ~, i @ ,r;rtn, Of .aai ,,r