New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-28
INSURANCE.
cTATE OF LOUIsTANA. On

9s tsss i x. c1 q SET
In the Of onr Lord one thousand eIgh hundred and fifty
Notary . Sss o.
and The parties whose
Ioassns
Of sus y
hog
the objects purposes and under Tie stpuatons 2eeuIa
lions and obligations following, 'o-sis: - ''' 'S
ARTICLE I.
city and shall Known and desnsted By the
s business half q is Capital sosR sSa haye
been .nbscrbed and 1t shall exist during twenty-five years
dated by Of a, least thirds DC members Of
and the Of The on the margin thereof and
ARTICLE II.
The objects and purposes this Company are declared to
First-To dwelling stores or other
buildings household fture merchandise or other property
Gs q es%as m sy ...s
goods wares merchandise specie, bullion
all and nsva appsanng With
kind Of upon every and all insurance objects
this Company itself to be reinsured against
any rik which may have made shall insu.
The President Secretary Company shall be the proper
whom to serve citation in all suits against the
pany.
ARTICLE III.
The capital stock Of the said Company be three hundred
hundred dollars each which each subscriber shall pay
ON the % @ se 5 st OF M
he furnish three 70
ss h saa
which SAID cash notes receipt shall be given
o &c
vided however shall lawful to any subscriber to pay
hY full Of biz IN cash in which case
The shares capital formed .hall considered
rules such restrictions the Board of Directors
And stakeholder SHALL any event. liable
Company beyond and above the of his subscription
ARTICLE ".
by Board Of nine Directors which Board shall have pose
Sse o be
the pass a s Fi ii re
of New Orleans Of which ten days notice shall be given
s paaSs
the second Monday succeeding their @ and to hold thu
elected But should happen any cause
e p a s fs s FL
Office shall continue until their successors elected
and in all Directors those receiving
plurality of the votes actually cast shall be considered dull
In ali elections each stakeholder shall the right
ssts sysiy i've shares 4 stseK hs P5oydsd
sn ss 1 m And
have the right to upon any stock may
a o Snys s
s 91H hs
% s'so asS
at Ts pess q he S meetings Of the % sa
he Of the
the policies Of insurance. which shall also be countersg ed
Secretary shall have The tight eenvoke meetings
pedent for the interest of the But there shall be
and detailed statement the affairs Of the company shall
submitted them for deberaon, and such statement
* of all
and clerks G G By the The
hereinafter provided for they shall power ADOPT
The company not to this act
Of hs STATE relating to The orga.sa5oa Of
shall be effected by this company and they shall have
and fax s the ard
And in of absence sickness Of the President they shall
provided he be member the to act in ks
time ali the duties and powers Of the President
For the that this Company into operation III
9'; M Sa!a .sS
and j. Beye whose term Of service shall e or
until the second Monday Of June eighteen hundred fifty
eight Qs5s or until their successors are duly qualified
| ARTICLE V.
the first Board of Directors shall be the duty the
to sworn to by the Presider
syS Of the what mon Of
shall be deducted the actual losses and and
out Of he s' profits made PORTION
tanned towards forming contingent fund hereinafter
retained until such fund is completed and the balance shall
pro rata among the sock ode and paid them casf
| ARTICLE VI.
1t shall be lawful for the Board of Directors
Of the Company IN bonds and mortgages on nnncumbeed
s sS I Sss n s s 9saDs and
created by or under The laws OF the United States
q m ganes invest
funds of this Company in manner they deem
the laws Of this sss and all loans pledges
such building be deemed advisable
the office Of the Company Provided however, tbs
hs aa ss ompa
forced sale of the i in their opinion, the ners
resell such property within reasonable time
es IF the o for
same be held by TIE c Company ID
There shall created By Board Of Directors epsrs
for that provided for in Article and
and from other than premiums And this fund sa
not be touched Except for the Of after the
until said contingent fund shall Hundred thou
e eaa hs at III s
time and in the the semi annual dividends
And the said fund hundred thousands dollars sla
always be held protection the capital well
sured.
| ARTICLE VIII.
AT the expiration of this Charter if ordered by
thirds the stockholders the affairs this
shall be qudated, its debts paid and the divide
under charge superintendent of Commissioner
appointed for that purpose majority of the stockholders
This of incorpor be altered and amended by
Of of the stock represented special
ing of the stockholders convened for that provide
stock amount three fourths of the whole
the CAPT al stock of said Company.
Thus done and passed at the city Of New Orleans aforesaid
the day month and herein first above written,
Of Messrs Sem Wagner and Forester Brugie
Witnesses who hreunto with the par
to this act and me Notary.
THE original is signedl PLACIpE FORSTALL,
JAMES H. DENEGRE, .
FELLOWES CO.,
W. BOGART and others.
S. WAGNER,
f. BRUGIER.
| E. q. GOTTSCHALK, N +
certify the foregoing to be Of the original
record in my Office
In faith Whereof grant these presents under signaur
the impress ootce at the City Of New Orleans
L. G. GoTTSCHALK, Not. Pub.
The undersigned Recorder of Mortgages in and for Il,
parish and city of New Orleans certe that the foregoing ha