New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-27
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INSURANCE.

STATE OF LOUISIANA, CITY OF NEW OR
the year Lord eight hundred and
a '?s
the parties whose names who declared
to the me
n es ye ad BY
they @ S form themselves into
regulations following that Is 70 say 'o' e
ARTICLE FIRST.
s F n t 81 SEW aHd Il;
sa hereby Established s.nas in the city O. Ne
thousand dollars shall have been for and sh" ex
the Of arms s Of the State
OF louisiana end for an inscription the Of Company
ARTICLE SECOND
the objects and purposes of the Company hereby
l T0 M dwelling houses
ntne goods wares machinery and other
"a To make ships and other sea vessels
z @ o'b bsnk & m
denees of debt commissions profits bullion money,
lives botomry respondena interests in Other Word to
effect fire. marine river and life insurance any kind
The Company may s to be rsinsurea risk
tees and other legal process wherein the Company may 5e M
terested shall be on President to in the
ARTICLE THIRD.
s T a pn S Of sa GSps o s be hundred and
OF hundred dollars each to be paid for the and in the
The subscribers the said Company shall pay the hands
The ea OF on each AND ,aTe
BY them and furnish their notes to the order of the
be demand te Gtce Of &a Company,
yded that the shall by nstaIIsnts not more
ynG collars sod az at per a" be
tiee in French and English in at least of the daily
e made which said capital stock two hnnasG and sfy
| thousand dollars, as hereinafter provided for.
ARTICLE FOURTH.
h o Com shall b. e. BY
the second Monday nd s Of July each ONCE Of he Com
iswspapsrs published in this ely and dys
RssfsS p5 ,n pss s ERE
to preside at such and Of said
seSt iaSts @ en
qasd The afst election shall take place Within s wen
rhd sn aG snd f"
to preside election and the persos then chosen shall
fee ,h hi the 6sf S f p @ sh Of
eight until thei, eIeced and qualified
p9Ty sc ,sss ssiY
Ter ny and in the event of no election taking
election take place within days thereafter and give
Each and stakeholder shall be entitled either person
H r "a sa o s
ration or company shall be entitled greater number of votes
erred to him them within ninety days said election
| ARTICLE FIFTH.
ordered M r. Of the
snats is debts pad under chass and yp
three to be appointed BY the Board Of Direct
the affairs OF the Company.
ARTICLE SIXTH.
The Board Of Directors shall their meeting In
year elect from among President and Vice Pref
elected.
ARTICLE SEVENTH.
No shall be capable of being elected Director of said
m wc e6e no. bdG e q OF a sseo ana dg
nt he he pHEt
shares Of the stock of said company.
| ARTICLE EIGHTH.
The Board Of Directors shall have power appoint
officers clerks and employees as shall be for the
laws and regulations they necessary tie
c with the laws of this State or the true intent and meaning
p9ye' feSa Or @ by eT in the service Of HE
occur in their number Of in the Presidency.
| ARTICLE NINTH.
ipgs the Bord he shnl connct and manage the bnsues
the Company generally under the supervision of the Board
Directors of his absence, the Vice President shall pre-
side at such meetings
The Board of Directors shall power invest from
to time the and capital Of the Company in bonds 44
the ] Of Orleans Wick in every case ssil be deemed
worth least double loaned thereon They may
by United States Of this STATE Or Of lie
M s bond or "S @ s az ' Por !S
dsP mortgages obtained by of security Of stock
faction Of debts previously contracted purchased public
pany or Of any property movable or mmoyabe which may
n SGP sn 5 Be
construed as to authorize the said Company to discount negota
se 9dec to dean rae II S stfn
able or nm9vabt property goods, merchandise
ARTICLE ELEVENTH.
Yearly dividends shall be made of so much of the profits Of the
rns risks which shall not be terminated at the
time OF making such dividends shall not be considered form
or@sss; Whereby Tie sspsl sad COMPANY
mutton shall nave covered and the profits
ARTICLE TWELFTH.
II the yearly dividends 10 be declared aforesaid, the
@ on the nnoad paid in and the 1Rse shall be gee
when shall be the duty the Pesdentand Board of Directors
to issue certificates the stockholders for ulI paid shares.
ARTICLE THIRTEENTH.
a en- i kg % Re so s u h" s s sa y
they may ds n a np ia n 1 not
and realized be added the capital OF said Com
pany
It shall be the duty Of the President and Board Of Directors
G re% s and KIT
II at least two daily newspapers published in this city and for
business Of the Company which shall contain,
eng wt was received for e Insurance. for s 9
anee AGAINST fire. what on marine policies and what on river pol
en and %ha Of losses haHs been
amount capital stating portion of the same invested In
oures and the nature Of the securities
ARTICLE FIFTEENTH.
The stockholders shall not be responsible for losses dam
incurred by said company beyond capital
, stock held or owned by him or them respectively.
ARTICLE SIXTEENTH.
Ay TI sso S
article third shall forfeit to the Company all payments
and cease to be astockhotier in said Company.
ARTICLE SEVENTEENTH.
No stock shall be transferred unless such transfer be made
stock previous tofu Of the
made he shall be permitted do SO by substitute of the obi
cations of the party purchasing provided the substituted obi
CATIONS satisfactory to the Board Of Directors.
ARTICLE EIGHTEENTH.
This be
venad for that purpose after thirty days notice. French
English. Of the newspapers published in this city and will
the of three Ourhs of the stock represented such
ing and any and all such notifications alterations amend
| law
passed the city of New Orleans the day
year aforesaid i'll the Of james N Teller
s. Audler witnesses, Whs hereuno sign hcl
names with said parties and notarieS
Tie original is signed J.. II. PLACE,
LABORDE IL XTQUES,
JAMES D. DENEiRE,
. and others.
JAMES N. TELLER,
EDW ARDS. AUDLER,
EDWARD BARNETT Notary Public
certify the foregoing to be copy the original
record my office. In faith whereof grant
signature and the impress OF my seal c Office the City
OF New Orleans, this ith day Of April, 1851
EDWARD BARNETT Notary Public.
The undersigned Recorder Of Mortgages for the parish
city OF New Orleans State OF Louisiana certife that the fore
going charter recorded this day in his Office in the Book
Society No. 3, folios 554 to 800 inclusive F. PAJAUD
a20 nepy h4'f.erordcee
49, BARNES HOTEL, MISSISSIPPI CITY Miss
T.. This desirable Summer Retreat, generally know