New Orleans daily crescent., 1857-07-27
INSURANCE.

INSURANCE.
STATE OF LOUISIANA, CITY OF NEW. Or
The @ q the 9nsd States Of
Noary a6it and for he % New osan p%r
leans aforesaid duly commissioned and swor personally
hs
s s IN s ba1e
and agreed and DO by these and bind
s i establish
the objects and purposes and under the stpuaton regua
tionsand obligations following, to-wit
ARTICLE I.
This Company shall be established and domicilated in the
5 of Ss STAN and hs ss and ] by 5
M SO soon n as G Us capital sha have
rom the so s Be- s"
Sa Sa # s @ s
and the name Of the Company on the margin thereof and the
objects purposes this Company declared
dwelling houses stores other
buildings household furniture merchandise other property
seeondro eeet m"fne usuranc.s upon vessels eghs
missons profits bills Of exchange
eces Of debt bottomry and repondentn interests and to
inland transportation risks And in general effect
avery kind Of insurance upon every and all insurance objects
this Company itself be reinsnred against
whom 10 citation in all suits against the Com
pany
The capital Company shall three hundred
dollars to be divided into three honsaud shares
ON the amount Of bis cash mmedais
upon organization Of board Of Directors the
order Of the COMPANY for an equal amount each and payable
which said cash and note. receipt shall be by
q @ II. @ e. sss. 3 the
certificates of stock for the amount Of their subscrpoDspro
mp the Of his subscription cash which case he
shall be allowed interest at the rate of per per
Ths shares il The capital stock % formed shall be considered
rules and under such restrictions the Board of
And stakeholder shall any event. be liable for losses of
the Company beyond and above the Of his subscription
ARTICLE ".
All , Of the Company shall be exercised
ed e s Dsco qss ss a Aa % s o t
such place Directors shall designate in he city
French sis in public papers @ Pnbshed & in in
Monday sueeeeds their eIes and to hold the
during ysa thereo until their
% Il 5 s s a.I Of % 9 en
qualified which se be within the shortest possible delay
plurality of the votes actually cast shall be considered duly
In all elections each stockholder shall the right
@ 3 S T iva as .a In % sd he n be entitled to
one individual corporation shall ever be entitled to more
aS rs have pfssSn
fe5sd s r t. him " 3n nnsy days s t. an tseon s
@ "S Gs % t own snd bS S9 ss Who . I s R
his successor elected They shall appoint secretary and
such other officers they deem expedieut and necessary
The President sha preside at all meetings Of the Board and
conduc the Cuisines Of the Company seney uv
vision the Board Of Degto shall be BIZ duty 10 sign all
the Secretary He shall have she right convoke meetings Of
Pedient Tor the interest of tie But there shall be
leas meeting Of tie Board month at which
submitted them for dehera0m, and such shall
RE Board Of Dteetcrs Shall fix the of all the
officers and clerks employed or elected by the company They
hereinafter provided or they shall have power a'op such
he .tstes Of tbs Sat. TeIanp to @ o9an1aiinp If %
tOn they shn fix the OF premium which
shall be effected by this company and they shall have
eoporation all may occur il the board
And in ca.e Of btne or sickness Of The President they shall
provided he be enefr Of the &C. eompay1 TO act i his sGl
% ts al @ III, os and Of the % Pfssn i 's''S'''' ''
s e s G@HTs@ @ bp e2 S9 SpG 6 ne
pr ,oTt r F"r,'", " E E2gaI 9 Y logan Jr. p z.
arEe nnd j. r sylIe Whose term Of service shall continue
eight (lNj5 or until their SUCCESSORS duly qualified
ARTICLE V.
A1tfe sEpiF"a7 eye,y x months from the organization Of
@ ompony nd W S % Of G the BgsP ts Of 3S
estimate by the President
psmHs h9yy actually received dans % that rne from
n ] p % @ be "S sae 5q P's xpd s % 1Pa
i Of The net profits SO made reasonable portion shall be
5 @ m nd az i s fs per a6s edn M 81 sGn pT6n @ be be
divided pro rata nong the stocki older8 and paid them in cash
ARTICLE VI.
shall be lawful for the Board the funds
improved e estate situate in she parishes Of Orleans and JEFF
tr,on They may also invest The funds of the Company in all
dis State Of This ciy and loan upon the security such
funds Of dis COMPANY in any manner they may deem most ad
aeous to is Interests not contrary to the provisions of th
it:Swn stock arr specially i prohibited o gI
save such ndi1g as may be deemed vsa5e and convenie1
by the Board of Directors and majority Of the khode,
the "a Of Drectors through he President may prcfas,
company should eqars shal lie isir Hy
resell such propeTiy within reasonable time not to exceed
year unless majority Of the at meeting for tina
express purpose specially convened, should that the
same be held by the Company.
ARTICLE VII.
fund to lie called the Contingent Fund.- consisting Of th
@ % d fi3' o D ti + nS 81 n
moneys that may be received under the provisions Of Article
and from other than premiums And this fund sa
not be iomehGd @ m Except for tbs Gsymen Of losses after the pre-
, contingent fund shall thous
s3 @ b @ v wg T s mG b So m
time and in the same manner as the semannual dividends
And the said fund of hundred thousands dollars shal
always be held protection the capital well the
aured.
ARTICLE VIII
AT the expiration Of this Charter sooner If ordered
wothirds OF the stockholders the affairs
pany shall be qidated its debts paid divided
uuer the charge and superintendent of three
appointed for by majority of the
This of ncOrp0r ton be altered and
reeourth of the stock represented special meet
fug stockholders for purpose provided
represented fourts Of the whole o
the Cnpi ri stock OF said Company.
The respective interests of the
are declared to he Hs follows, to-wit:
Plscide Forstal, one hundred shares.
Edmond j. Forstall, NIFTY shares
lanes d. Denegre, htty shares 5O0
FelloweS " Co., Atty shares 50D
4. D. Logan, en- shares ION
j. p Whitney 4 Co.. thirty shares 3N0
Warneken S klrchott, thirty shares SO
Thornhll Co. nifty shares
Chsnn CO. fifty shares 5UD
Duncan IL l4oElT twenty shares OO
Hurhanan, Carroll Co. ten shares. l0O
j. NJ p Taylor, ten shares... ION