New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-06-29
INSURANCE,

INSURANCE.
CTATE OF LOUISIANA, cry OF NEW OR
Il s day ns
ia Tie eighty ars before Edward georse Gosehaif
leans Aforesaid any commissioned and sworn personality
sS Of 81 s s s
and agreed and DO BY these and bind
s
the objects and purposes and under the spuaons regla.
tions and obligations following, to-w:
n aas ARTICLE 1. d.
This Company shall be established and domciated
I NY @ sna sn BY the
t. sns sa me- s Ssk @ have
date hereof aasss should an
BY % s ws n q s son Ct s
And the Of The on the margin thereof and the
49, ARTICLE II. -
The objects and purposes of this Company
Firs-To make ms dwelling houses stores or other
buildings household furnire merchandise other property
seeendTo effect narre nsvrapces upon vessels freghs
ps s cha sxas sss sa other
dences OF debt boomry and respondentin interests and
marine Or sd And in general to saee
every kind of insurance upon every and all insurance objects
And this Company cause itself to be rensred against
~
The President Secretary the Company shall the proper
whom to citation in all suits against the COM
pany. ztE.
ARTICLE III. nt,N
The capital of the Company be three hundred
thousand dollars, divided into shares Of
IFS ea
ssssnss ss, board
s the o s f." an t9 Each
which said cash and notes receipt shall be given by
s s e aid ss. nsiss s s s
certificates q stock for The amount Of their
tie his i il IL
shall be allowed interest at the rate of teve
The shares ne capital stock formed ha be considered
and under such restrictions the Board Of Directors
stockholder shall any event. he liable
Company beyond and above the his subscription
| ARTICLE ".
s shall be pws
and authority appoint such officers and clerks they
ss ss sss s ss s ss.E
s q sa Be i've '
French and EnFlih q tie public published in
Monday sneseeding their election and to mold he
elected sae, election happen, any cause not
u @ s s pes sS, GE H
office shall continue until their successors elected and
and in ali such elections Directors those persons receiving
plurality of the actually cast shall be considered duly
ali elections each stockholder shall have the right
efsy s
have hs rght npoaany that may trans
m t. o Say Sa an sr first
%S az s sssss ssd
his successor is elected They shall appoint Secretary and
propsr The q company ss,'sA
e. 81 "a and 0h e.
conduct the business Ct the company under the
policies Of inurasce which shall be coqnterss
the board Judgment may Necessary Or
tor the interest h Ts par 0 E there e BE
d Of the Sfr q the sa i Be-
The The
The Board Of pestor shall hx the GO Of al the
sS"i psoEs hs co@Ps%y lime
bylaws they may deem necessary and convenient The
% o @ Ct The 10 not act
lions they shall fix the rates of premium at which inurces
do generally necessary carry oSeets Of his
ii s9 81 lnsn o h o % the d
have appoint Of their members person.
9nn is wm 3 be y tt Dr. aa
s ss III
sT, fssia hIEs W lew e f
until The second aone Of June sgEesn hundred a.d Ely
eight dS5s) or until their successors duly qualified.
/ ARTICLE V.
the expraton organization Of
the Board of Directors shall be the duty of the officers
this Company under the supervision of the Board Of Directors
and Secretary Company showing eaned
ha be ana
sufficient shall be retained for inexped risks Then
tanned towards forming contingent fund hereinafter pro
retained fund completed shall
divided pro rata among the stock olders and paid them cash
4 ARTICLE VI.
It shall be lawful for the Board of Directors to invest the funds
Of the Company n bonds and mGrtgass on and
|
stocks created by under the laws of the United States of
stocks. the board Directors may generally the
ct M tn y they the S de
charter the laws this State and all loans pledges of
GGfPon'ion p5oi5iea fsSm holding real
BY the Board of Directors and majority the ockhoisrs
BE used as The Gee of the Company however that
property wieh be pledged the Company
Of lie company should requiem: their dy to
such within n time mot ed
ss T sfGS should consent that the
ARTICLE VII
s e ,st s e e Of ess e G.:
proportion Of not less than ten per cent of the net profits
moneys tim may under the h" provisions
and from other sa thin ~ And this fund sa
minps and al Other cal, funds shall have been exhausted
,i@. , be sa pG ns % s s n
yded for in Artieie5
And the Of hundred thousands dollars shall
always be held protection to the capital well the
surej.
: ARTICLE VIII.
At the expiration of this Charter sooner ordered
thirds Of the stockholders he affairs This Com
pAny shall be qudated, debts pil and The divided
charge and superintendent of Commissioners
for purpose by majority the stockholders
This incnrpor ton may be altered and amended by
of the stock represented special
ing of the stockholders convened for that ovec
such stock represented three fourths Of the whole
the cnpi vi stock OF said Company.
The the
are declaf ed TO be follows. tD-wit
PiuCide E0rsall hundred shares. 90
Edmond j. FOtsai fifty shares h
Denegre fifty shares
FelOwes Co.. fifty shares 300
A. d. logan, en- sNarts. lWh
Up. Whitney Co. thirty shares. 3DD
Warneken kirclof thirty olHres 5
TlOrnl IL Co. fifty shares. 5D0
Cas Co., fifty shares. 50
Duncan ogn. twenty shares 200
Buchanan Crroii& Co, ten shares lBU
j. NJ. ~. Taylor, ten shares lWN
Vim Prehn fifty shares. 5Or
Bernard kock Co.. twenty-five shares 2iN
W Boga uy shares
Fl. T. Lonsdale 20, shares. lbU
Samuel Smith Co., twenty five shares $50
BoUk, twenty shares. Observation-Disclosures.
Brown Johnston Il CO., fifty shares. 5OU
Schmidt Co nifty shares. $40
H. Il. F0rsal shares. lWF
j b. Piauchc shares
Martin Gordon Jr, shares .....,.............. 100
j. Linehan, ff shares ........... 500
j. n, bty'e hify .fo
Shelby, Co., shares