New Orleans daily crescent., 1857-05-11

Re IT KNOWN, THAT fAi$ EiGHfH c fH I5.s1Fs paY or
and Ap IN the yaT 9 our lord one tonsnd eight hundred
Andrea eighty rst before me Edward ss
lama aforesaid duly commissioned and sworn PERSONALLY
ana the parties whose names hereunto subscribed
statutes Of the Stale Of Louisiana he organization Of
DO by these presents covenant bind thes Ives and
those whom they esent form themselves and consti
Ouons regulations following Shst P?y to say na'f the
ARTICLE FIRST.
W OF SE% oREANs sa se anS IL
sRa Is 90 IN oo the ely ~, Of Se
thousand h dollars shall have been subscribed
corporate seal having for device the Of the State
o ad Tor M inscription the name Of the Company
ARTICLE SECOND.
objects and purposes Of the Company hereby declared
l To make inursnces dwelling houses stores cotton
ntnre goods wares meehandzs, machinery prop
erty, against loss or damage by fire.
ID To make upon ships and other sea vessels
@ ana other Vessels reigh,s goods wares merchan
deces ot debt commissions profits bullion money and
s aEn m maritime OF inland ,t"nsport,on risks and upon
Iotoy: and reSrondentia interests in other words
effect he MARINE river and life insurance of kind
The Company itself be risk
c S p wc cba na pal nave made and alt citations
shall be served on lhe President, be appointed
ARTICLE THIRD
a Sf o ., SH 1s G"@n 'n xa" a e 1 two and
., one hundred dollars each to be paid for the time
The subscribers Company shah pay into the hands
Of the esidet upon the organization Of the COMPANY
subscribed by them and furnish their the order Of the
for the tglnanng eighty dollars each share pnya
IN such manner as the Board of Directors MAY determine pro
than twenty dollars each share, periods us may be
agreed upon by the said Board of Dec,os forty no
hce in French and Engh in at least daily papers
Pn0s1ea ia the city shall be given of payment payments
thousand dollars may he increased to the sum Of five Hundred
thousand dollars as hereinafter provided for
Al the powers the Company shall exercised BY
'oar OF Directors composed Of nine be elected
pany notices Of such election given in at least two daily
preceding sad lecon the French md @ II Enslsh
M ne Soar" shall nppon! three stock holders Inspect
cline Or fail p attend @ ts President shall appoint Others act
IN their stead The loard thus elected
the fourth Monday Of the said July and to hold the
same one Sesr nee!om until their elected
i s a 1ro % s e nerso and & ae due notice as above roy
Moreno all Of s city, are "s5y p6o1e 1!e nsntcors hna ro
to preside at said first election and The shall
fee unit" the fourth Monday July eighteen hundred fifty
i" Al! shall be by ballot and those persons
receyuE plurality of votes OF the stockholders shall be
Place d5y aforesaid, the Pesmt fGs a al csss nnohsf
TO TAX place within ten days thereafter and give notice
Each and stochoder shall be entitled either in person
@ may epecvc od m provded @ SS ha S "o %
ration or shall be entitled greater number Of
Than t. eny nor 70 vote after the first ele ton share
TERED to him ur Them within ninety days prior to said election
Al the time of the expiration the charter of the
Company or sooner ordered by vote Of the stockholders
hereinafter provided for, the at rS OF said company shall
graied its debts paid under the charge and
OF three Commissioners be appointed by the Board OF Direct
and Win shall remain Office until lhe final liquidation of
the affairs of The Company.
ARTICLE SMITH.
The Board of Directors shall shetr first meeting in every
elect ttom themselves President
dent WHO shall hold their Office until their shall he
elected.
ARTICLE SEVENTH.
No shall be capable being Director of said
Company who does nn the time election uni durinT
his continuance office in name or in that nf I
c"mnrIc house OF which he may be partner least ten
shares OF the stock Of said company. "
ARTICLE EIGHTH.
The Board Of Directors shall have the power to anno,t S
Officers clerks and ehlpoyGs shall be necessary f6r the can
ducIng Of the business said COMPANY and In 0dn, c, Ia
government OF said Company provided same shall n co
ct with The laws oil this State the true intent and neann
of this act. ~ 'ii''s
They shall hN the compensation officers clerks o avs
poNs elected or employed 10y them in the service Of the CON
and shall also have power fill all vacancies @
ocenr IN their number or in The Presidency. '
ARTICLE NINTH.
Ihe President shall sgH all poll and prnsido NJ all ,oo
ilRs n tue board ne shall conduct and
me e|uhHi generally, under the supervision Of nm Ionrd ~
teo' N ease OF his absence the Vice President shall nr
side nj such meetings. ~ ''' P'e'
ARTICLE TENTH.
tu % o directors shnll have power invest from, time
!" tnIe Tue noncY and capGI tbs Company in hnJ g
tuVfSaEts on eilrhnb.rcd aud improved r, estate at ~
tu 's o oFIchls, which, in case shall h Irrrrn
~ ~ lebS luuhie H. amount loauul thereon Tho r,y H..
". pIS uI thc company bonds or stock rrna6
VI S's ,'ae eE make leaps On pledge Of any OF the