New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-05
INSURANCE.

!. INSURANCE. d |
S Ek1SsS9ses IogIsIASA CITY 9y sEw oR
r. % &
H. Orleans ss.is LoaIsi.ns sfoesaS
s sas
s,s oenseyss o. the provisions Of the Of
in o.. they have Agreed and 90 Sy
,a'.s
e AND under tho
ARTICLE FIRST.
Ths I'D c W. s s%
s dom f. hereby T.. established n Ely
hsy 30 e he o q
ist for YEAR, from the dae thereof have
Of md or an inscription the q Company
- ARTICLE SECOND.
The objects and purposes the Company hereby
LIST To make dwelling houses stores cotton
presses and every other Of buildings
cry, sgainst loss damage BY fire. i''p-
I'd To make ss ships and other
die gold silver bank notes. bills Of exchange and other
maritime Fl .ks as ppea
ana e II IN s nS
ever
pon made s and II ei,stios
.Gss Si s s the
manner hereinafter provided for
L.-g ARTICLE THIRD. ~,
The capital Company shall be two hundred and
ay dSas divided into Aye
manner following, to- wit: ,95 = ! y, ''- $500
The ssss;ibsfs che said Company shall hands
the dollars every
Company Imsnng eighty ae d
pc dsnand the Office of saa Company,
dsd mns q nos
the said and forty
dee e French ard English daily papers
thousand dollars, as hereinafter provided for.
ARTICLE FOURTH.
Il hs be
the second Monday July each Office the
published city and continued TO ten days
i
orr to At such if Of said
p Ssasls s
ae ons e. the s Of July and hold
and qualified The first election shall take place within twenty
si sss
e Ct he ss
Gee nn the sd %sd shall e
eight or until Their successors are elected and qualified
a duly and q
to take place within thereafter and give notice
Each and every stoetholder shall be entitled either in
% S to for ae s share % she
ration or shall be entitled 10 greater number yoe
than t. eny nor TO vote after the ele zion share
ARTICLE FIFTH.
Athe time Of the expiration of the charter of the
Of nSef the BE- ahs 1T
ors and who shall remain in office until the final liquidation
ARTICLE SIXTH.
The Board Of Directors shall at their first meeting in
dent who shall hold their office until their
No person shall be capable being elected Director sale
Gss 5 as S his % in 5
house Of which he may be partner at least ter
ARTICLE EIGHTH. .''' 4. ~
The Board Of shall have the power appoint suct
dueng the business said Company and 10 odan such by
laws rules and as they deem til
e with the laws Of this State the meaning
They shall fix the compensation the officers clerks
poyes elected employed by them the service of
occur in their number or ii The Presidency - @|' No.
| ARTICLE NINTH.
Board he and manage the business
the
side at such meetings.
ARTICLE TENTH.
to time the money and capital Of the Company in bonds
worth at least double amount loaned thereon They ais
by laws Of the Guiied States Of Ills state or Of Ii
Of asaFs
dsP Of mortgages obtaned by Of security Of
faction of debts previously purchased publ
pany any property movable or mmovabIe which ma
have been abandoned to said Company concerning
as to authorize the said Company to discount nego
Indirectly dea Or
able or mmovable property goods merchandise
| ARTICLE ELEVENTH.
Yearly dividends shall be made of much of the profits tn
Company as shall appear advisable but the proportion Of
time making such dividends shall considered
~heseby
shall be made @ such dim
| ARTICLE TWELFTH.
In the yearly dividends be declared aforesaid til
the amount paid in and the balance shall placed
sf s aid tho G ss
issue certificates the stockholders for full paid shares
/ ARTICLE THIRTEENTH.
paid in shall u have the ih to edu
from each dividend and lay by such Of the said div
than hundred and hfty dollars shall
pany.
ARTICLE FOURTEENTH. -a
within month from the close expiration Of each
TO be % s s9S
The term of at least one MONTH full statement under oath
premium received during previous year spt
cifyng what received for life insurance. for
against fire. what marine policies and what river
second The of losses incurred during the
cg and designating what amount of losses have been incu
red by the different kinds of policies aforesaid third, til
capital stating the portion of the invested
| curies and the nature Of the securities.
| ARTICLE FIFTEENTH.
The stockholders shall be responsible for losses dan
incurred by said company beyond the of cap
stock held or owned by him or them respectively.
ARTICLE SIXTEENTH.
Any stakeholder who shall fail or neglect to insa
when ordered by the Board of Directors
article third shall forfeit the Company all ous
aud to be sockholderi in said Company
ARTICLE SEVENTEENTH.
No stock shall be transferred such transfer be made
the books of the Company Should any stakeholder desire
transfer stock previous ofu payment having
cations OF the party purchasing provided the substituted obi
cations satisfactory to the Board Of Directors.
ARTICLE EIGHTEENTH.
This act Incorporation modified altered amended
the taid Company dissolved general meeting be
vened for that after thirty days. notice. in French
the assent of three ourth Of the stock such
lug; and any and all such notifications alterations,
shall be recorded and published accodn
to law
Thus done passed city of New Orleans the
month and aforesaid in the of James N Te
and Edward S. Auder, witnesses, whs hereuno sign the
names with said parties and we notaries. r. gov X
The original is signed: l.. H. PLACE,
t- '.ft LABORDE & XIQUES,
| -.~-. JAMES d. DENEHRE,
i and Others
| JAMES N. TELLER, ,s EE
EDWARDS S. AUDIER, J. .
EDWARD BARNETT, Notary Public
record in office In faith whereof these presents
der and the impress of seal OF Office the Ci