New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-06


certify the foregoing be true copy OF the Original ae' on
In faith Whereof grant these under signature
and e impress Of my ~ , zeal as at the o NJ"
this nineteenth aAs 0 A's e. G. GoTTsCHALK, Not Pub
The undersigned Recorder of Mortgages in and for the
parish city New Orleans esres that the iorssS ha
Folios i, Il 49, II and Is John HOLMES. Recorder.
New sdlE 1lssns May the leh 1851 nysI Is jsi %
STATE OF LOUISIANA, CITY CITY. Of J. NEW W., Or B.
year -four Lord thousand eight hundred and MY
s @ Ssps s sfs
duly Commissioned and sworn personally and appeared
the parties whose hereuto who declared
State Of Louisiana relative the organization of corporations
presents eovens s agree and bind whom
they represent form themselves into and constitute eorpo
and regulations su following, that to say
ARTICLE FIRST.
T I'D 5s s n SD
sha It's business so soon as the sum Of one hundred
sa ys s e "s o n In have eH
corporate seal having for device the coat OF arms OF the State
ARTICLE SECOND
objects purposes Of the Company are hereby declared
ls To make assurances upon dwelling houses Stores cotton
presses other description Of household fur
ne goods wares merchnndze machinery, and other prop
H. f. make assurances upon ships vessels,
ss s vs spk bs eSee other
dences Of debt commissions profits bullion money, and
lives bottory and respondents interests in other words
effect fire. Marine river and life insurance of any kind whaso-
The .DS If risk
and ss H Legal o s s,s s TO s ns the
| manner hereinafter provided for.
ARTICLE THIRD
sf bpd oI u dxidd into twenty i've hurried shsres
hundred dollars EACH be paid for at the time and in the
The subscribers to the said Company pay hands
the oweny dollars in cash each and every sha'e
subscribed by them and furnish their notes to the order of the
be on demand office Company, time and
yded shall be made by nstllments of not
tuu dollars each shae at such periods az may be
se IN renc and Ens Of the daily
%s say said ea" Stock 8
thousand dollars may be increased to te sum OF hSe hundred
ARTICLE FOURTH
All the corporate of he Company shall be exercised by
the Monday July in each the office Of tile Com
newspapers published in this and continued for ten ays
Pre- da 5 nn5n in s EsS rna es
preside at sueh and ii my Of sad de-
IN he or s" ed The Board us %
fourth Monday the said month ,hs of ny and to hoa ss
and qualified election shall take place within twenty
s s dr "e o nk Ene GeS .nd
els 4" ct this HEREBY nsn sbassn
the Directors of said Company and shall rem in il of
eight or until their elected and qualified
m all ssGD rsy o SPs ss
considered dny elected and in he event Of No eisSon @
election take place within days thereafter and give notice
Each and every stockhoder shall entitled perso
by proxy for each and every share which he she
ration or company shall entitled greater number Of vote
etv after the first ee ton share trans
feed him them within ninety days prior to said election
. ARTICLE FIFTH.
the expiration Of the charter of the soresai
hereinafter provided for the affairs of said company shall
Of three to be spponts b The
ors, and who shall remain in Office until the final liquidation
the affairs Of the Company.
, ARTICLE SIXTH.
h h9aTd OF [e h snd vice
dent who Shall hold their office until their successors shall
; ARTICLE SEVENTH.
No person shall capable being elected Director of sal
"H IN 3 hold in s Of hat
shares of the stock of said company.
ARTICLE EIGHTH.
The Board of Directors shall have the appoint
officers clerks and employees shall be necessary for the
ucpg of the business of nid Company and to ordan SUCH
laws rules and regulations as they may deem necessary for Il
of said Company provided the same shall not co
et with the laws of this State the true intent and meanir
They shall fix the compensation officers clerks and
pany and shall also have WEI to III all vacancies which m
De ARTICLE NINTH.
The President s@ gn all p9ses and preside a, all me'
the Company generally supervision the Board
his absence the Vice President shall
n ARTICLE TENTH.
The Board of Directors shall haye power to invest from tn
encountered and real estate situated
Is WORTH at least double the amount loaned thereon They
invest TIE profits me Company s my oSd or e @
s sa MAXI eqss as amy
to obtained by of security or of sto
pledged for security or Of property conveyed 70 them in sal
upon judgments seizure obtained by said Co
have been abandoned to said Company concerning
erations its business but nothing herein contained shall be
bic to do any S ether bn @ Il d. nor a h9
able inlmoyable property, goods merchandise.
ARTICLE ELEVENTH.
dividends shall Of the profits OF
s Company shall appear advisable but the proportion Of
,s e nc k a I n n9 be- &c as
ing parts of the profits Of the Company and in case Of my
~sIsy tPH s be an
M mutton shall have been covered and made up by the profits
nS1 ARTICLE TWELFTH.
en- In the yearly dividends to be declared as aforesaid,
be pad to the socklGeS shall not exceed ten
h sri Of n lid S1 q @ @ s Bos p 81
in issue certificates to the stockholders for ull d shares
ARTICLE THIRTEENTH.
Aft the Th no e y stock Of said hs 9%p I'M h sf
nm from yearly dividend and lay by such Of the said
dsai 'sS %a H M lave
formed and realized to be dedto the capital stock OF said
Get. ARTICLE FOURTEENTH.
ed shall be the the President and Board OF Direct
OF within month from the close SEPARATION OF each
the Company 10 be published, in French and tng
act daily newspapers published i'll this city and
the of at least month, full statement under ii
900 business of the Company which statement shall contain
300 Of premium received during the previous
ciGyng what received for life insurance. for in
1000 fire, what marine policies and what on river
1000 OF
1000 cfyn designating what OF losses have been
different kinds Of policies aforesaid third
1900 capital stating the portion OF the same Invested
800 cUrities, and the nature Of the securities.
lO0 ARTICLE FIFTEENTH.
1000 The stockholders responsible for losses
loV age said beyond the amount of ca
wv stock held or owned by him or them respectively
t s2t' ARTICLE SIXTEENTH.
INN Any stakeholder who shall fail neglect to in
s by the Board Of Directors, provided
@ article third shall forfeit the Company all pre- ous
SHs0 and to he stuckholdern said Company.
5O0I ARTICLE SEVENTEENTH.
1910 shall such transfer be
1U books of the Company. Should stakeholder desi
transfer stock previous tofu payment oil the same having
he shall be by substitute OF the
$500 CATIONS of the party purchasing provided the substituted
1913 CATIONS satisfactory the Board of Directors.
1909 ARTICLE EIGHTEENTH
l, 20 ,r,.. -, .; 800 h ii4d a,toro, ~ .o
1850 MS act VI ntu o ~, ns ~
$40 Ut Ipi'f"s ~
pn English the published in this city, and
@ of the stock represented nj such
n ing any and all such notifications alterations,
menus OF ussoiuohSh'i oe ieeo'eu "nu p"'su "eeo
1uu0 | law.
500 ARTICLE NlNEIEENlh' .
300 respective of the parties to this
/ hereb ydeclar red he follows, wit