New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-07
INSURANCE.

| xS6AANSAs
STATE OF LOUISIANA, CITY Or NEW 4, Or E
Il. yss Of ou oa 's S I
H. Ssss @ oHs
he pss woss aa who
y saya s the e. s
in This they have covenanted and agreed and by
they rep form themselves into and constitute
sn Sf s s Saw a " Is under the u0H
ARTICLE FIRST.
Ths aad n s 1 "G ID S% ha M
domc hereby established in the city of New Orleans.
honsnd hail have been Sc s s and dns "ned
isto ys from the dae thereof 1t shalt have
Of Louisiana snd for an inscription the Of the Company
ARTICLE SECOND.
Ihe objects and purposes OF the Company hereby declared
t To make assurances upon dwelling houses stores cotton
Presses ad every other description of buildings household
ery, against loss damage by fire. y anu ''e p'op
To- mahs in ships and other vessels
de so9 silver bank notes bills of exchange, evi
against all maritime inland transportation risks and upon
Ives optloTny and respondena interests in words
effect fire. MARINE river and life insurance any kind
The Company may be rensured any risk
upon which it shall have made ali citations
tees and other legal wherein the Company
manner hereinafter provided for
ARTICLE THIRD.
fifty thousand dollars divided into twenty i've hundred share.
of one hgnded dollars each to be paid for at the time and the
If THs iShf5ns said oompsoy shsl the hands
ness the Of twenty dollars il cash each and
Company for the reg egh on eac sass o. pa t1e
bic on demand at the Office Of sad Company at such time and
ided 1hat BY nstainents Of not more
ae a" s s enS oa i@s seo %s a ps% be
tee in French and Eny;h in at least Two Of the daily
BE made Tieh said cHpit" stock Of nunard M
thousand dollars, as hereinafter provided for.
ARTICLE FOURTH.
composed Of nine peTsos to be elected on
the second Monday Of July in each office Of The Com
newspapers published in mis- city and continued days
"ngHase Board shall appoint three s'ockhoers
eli to M at iss lice a s n ssa oss
in he- stead The board thus elected their
same te2eo or until their are @
and qualified me frs election Shall take place within twenty
for MessTs Thos I;Iafe Eugene + Moon and Fran-
preside said election persons tn sa
be be- the t F;t D sd9 o" said and 1ha rem Of
eight or pnti! hei, successors are elected and qualified
receiving plurality of Of the Stockholders pressi, Shall be
.s Ter duly and in The election taking
to take place days thereafter and give notice
Each and stakeholder shall be entitled either person
or BY proxy to vote for each and share which he
ration company shall be entitled number of
fered 10 him them within ninety days prior election
ARTICLE FIFTH.
Company or + orered y S vote of 81 ,s
hereinafter provided for the affairs of said company shall
ofthres be spNonted y Direct
the affairs 0! the Company.
ARTICLE SIXTH.
ye esc o m@n S az nf ps ti, e sf ys
dent who shall hold their office until their stall
ARTICLE SEVENTH
No person shall be capable Of being elected Director said
HI. in Office hola in own nae or in that Of the
shares of tie stock of said company.
ARTICLE EIGHTH.
officers clerks and enpoy A. & g~ss 70 "p r sasn
Quoting of the business Company and 10 ordn such b.
goyeme2t Of said Company provided the shall
c with the laws of this STATE the intent meaning
They shall fix the compensation o,le officers clerks and EN-
psny and shall also have fl! all Which may
occur in their number orin the Presidency.
ARTICLE NINTH.
The fEesident shall sis, all qise and predeat all
n Of the hoard he shall conduct aud manage the business Of
in case Of his absence, the Vice President Shall pre-
ARTICLE TENTH.
TO The b2%sd ct nTesl%rs shn ye power to invest from time
nlosaEes on enelmbered and improved real estate
wo st at by s ndan loaned be
yer n g F5 s 1 S GHHy il ny 99 or toc
CORPORATIONS Of t State Or make loans pledge of any
aforesaid securities bonds or stock They shall have power
pledged for security Of property conveyed
sale upon Judgments Or orders Of seizure Obtained by said Co
pany or Of any property movable or mmovabe which NAY
nave been abandoned 10 said Company for concerning
CREATIONS It's business but nothing herein contained shall be so
bic paper or to do other banking operation either d
able or lnmOVaOle property, goods
ARTICLE ELEVENTH.
yearly dvde1ds shall be made Of much Of the profits of the
on sk which shall not be terminated AZ the
ing the profits the Company in case Of any loss
os.s wsFeSy the eaP,n s'osk Of sd conp4ny
mutton shall have been up by the profits
ARTICLE TWELFTH.
In the yearly dividends declared as aforesaid the
amount to he paid to the stockholders shall per
Sss : s the " "oaiG Pa4 If" and the Hs.nse sha s
to issue certificates to the stockholders for tu paid
ARTICLE THIRTEENTH.
Ae the whole capital stock of s@d Company shall have
from each yearly dividend part Of the said div
an S sy sS ase ar until surplus nd Of not
formed and realized to be addedtothe capital stock said
ARTICLE FOURTEENTH
II shall be the duty Of the President and Board of Directors
Company to cause to be published IN French and FS
n at least two daily newspapers Published in this city
the bnsinesso the Company Which statement Shall Contain d arsi
cy"s What was for M {e e ns f
anee against he what on marine policies and what river pol
M and designating what AMOUNT of losses have been
rtu ny the different Kinds OF policies aforesaid
amount OF capital stating the portion Of the
curitles and the nature Of the securities.
ARTICLE FIFTEENTH.
me stockholders shall be responsible for dam
age incurred by said company beyond the capital
stock held or owned by him or them respectively.
ARTICLE SIXTEENTH.
Any stakeholder who shall neglect to nay any install
nen when ordered by the Board Directors as provided for in
article third shall forfeit the Company all r yio,s
and cease TO be astockhoder in said Company.
ARTICLE SEVENTEENTH.
No stock shall be
the books OF the Company Shoni stakeholder TO
of
made he Shall be permitted by substitute Of tn. Ji
cations Of the purchasing provided SUBSTITUTED ob
CATIONS are satisfactory to the Board of Directors.
ARTICLE EIGHTEENTH.
This act Incorporation be modified altered or amended
or the said Company dissolved at general meeting con
TenG TOR that purpose after thirty days notice French and
Ss IN two oil the newspapers published in this city
the assent of three ourts of the stock such meet,
ing and and ali such notifications alterations amend.
ens or dissolution shall be recorded and published according
to law. '7 |
Thus done and passed at the city of New Orleans day.
month and aforesaid, in the presence of n Teller
s.. yhs tl,ur