New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-31
INSURANCE.
CTATE OF LOUISIANA, CIT,

INSURANCE.
STATE OF. LOUISIANA, CITY OF NEW Or
> LEANsBe It known that on his eighth day April in
fs p
duly commissioned and sworn personally and appeared
ayang thsssyss q s Rosisisa. the
presents Snd hoss
they form themselves into and constitute
sn o 5 Ssss and n To- AND under the
| ARTICLE FIRST.
The and title pf The ssa cSrPSEatien shall The HOPE
IN he Ess II
shall IL business soon the Of hundred
Sias'HS e. HnS
e and for h e'aa ~ Q,
and the date Of thisaet. '' '''' '''' '''N''
The objects and purposes OF the Company hereby declared
presses every description buildings household
nitue goods wares machinery and other prop
yssss sss other yssss
die gold silver bank notes bills Of exchange and other ev
fs @s ssn 2 no anS upn
and sn @ in other
upon which shall have made insurance a citations
e y he the
manner hereinafter provided for
|
The capital stock Of said Company shall and
fifty thousand dollars divided into five hundred shares
manner following,
The subscribers said Company pa,
ness twenty dollars each and every
s
such as the board of dsene s
yded that the shall BE- made by insamens
Ss ssfsa s
published city shall be given payment payments
be made which said capital stock Of hundred and Any
thousand dollars as hereinafter 1 provided for.
All the corporate the Company by
Board Of Directors composed Of nine persons
sp sas sss
H.,
the fourth Monday Of the said month July to hold the
Gs I s elected
day from the date os aeE due notice
Moreno city, are appoed hna
preside said election and shall
ice until the fourth Monday july eighteen hundred and fsy
T ss saa those
cssng sss The %
place the day aforesaid the President shall
to ake place within ten days thereafter and give notice
Each and shall entitled either
they may respectively hold provided that individual
twenty first ton
fered to him or them With ninety days prior said election
| ARTICLE FIFTH.
Atthe time OF the expiration Of the charter Of the aforesaid
or noSSs R M y vote ed the
its debts paid under the charge and
and who shall remain in office until the liquidation Of
ARTICLE SIXTH.
sSaTq 1man sa a. % m meeting in
elected.
|
No shall be capable of being Director
Company who does the time Of his election
house Of which he may bea partner at least
ARTICLE EIGHTH.
beR and h" @ the to "ppoP such
Quoting Company and to oydain such BY
laws rules and regulations as they may deem for the
iet with the laws of this State the meaning
They shall fix the compensation the officers clerks
poye elected Or employed by them in the service the Com
occur in their number or in the Presidency.
ARTICLE NINTH.
The President shall sign all policies and preside meet
ngs Of the Board he shall conduct manage business of
ABSENCE the Vice President mt shs S'p
ARTICLE TENTH.
The The Board of @ shall have poTsr to invest from time
on s e and pose 5 m nae di ID
al least 3nbs San eye ease shall be
% e un ns FI e 9 a @ e5 ny G @
securities bonds stock They shall have power
dp seo mortgages obtained by of security
pledged for security or Of property conveyed to them salts
sale judgments orders Of seizure obtained by said
Pspy or of any property 9yaDs or which
Ct its but nothing herein shall be
m paper or do any other banking operation nor either d
able or mmovabe property, goods merchandise,
ARTICLE ELEVENTH.
b spnsa dc mH S OF Sc
NUNS received on r'sks which shall not be terminated al the
I pas of the it's Of The and in case of loss
mutton shall have been covered and made by the profits
ARTICLE TWELFTH.
In the yearly dividends be declared, aforesaid
amount be paid to the stockholders shall exceed
s sn , of M aid Gs @ e o ps
certificates to the stockholders for u paid shares
ARTICLE THIRTEENTH.
er the whole capital stock Of said Company shall have been
from yearly dividend and lay such part the said
@ and thousand shall haSe bsea
formed and realized be added tie capital stock of said
. pany. s
/ ARTICLE FOURTEENTH.
, shall be the duy Of the President and Board Of Directors
the to cause to be published in French and Fnsis
Of at month"; "i Statement nns OATH h of
the business Of the Company which statement shall contain first
cying what amount received for life insurance.
M p n Ta ns aaEs te
amount fcapal stating the portion of the invested In
curities, and the nature of the securities
ARTICLE FIFTEENTH.
The stockholders shall responsible for losses dam
age incurred by SAID company beyond the amount OF capital
stock held or owned by him or them respectively.
, ARTICLE SIXTEENTH.
Any stakeholder who shall fail neglect install
when ordered by The Board of Directors
article third shall forfeit the Company all sious
and cease to be astockholderin said Company.
, ARTICLE SEVENTEENTH.
No stock shall be transferred such transfer be made
the books of the Company Should stakeholder desire
transfer stock previous ou of the having been
made he shall be permitted do so by substitute of the obi
cations of the party Purchasing provided the substituted
cations are satisfactory to the Board Of Directors.
ARTICLE EIGHTEENTH.
This act incorporation be modified altered oramended
or the laid Company dissolved general meeting to be
yened Tor that after thirty days notice. in French and
ngsh IN two OF the published this and with
assent OF of the stock represented at such meet
ing and and all such notifications alterations amend
nen dissolution shall be recorded and published according
y to law.
Thus done and the city of New Orleans the day
month and aforesaid in the presence OF james N Teller
and Edward 5. Auier witnesses whs heeunto sign their
names with said part and we notsries.
: The original is signed: l.. II. PLACE,
y LABORDE & XIQUES,
JAMES D. DENEGRE,
and others
JAMES N TELLER,
EDWARD S. AUDLER,
EDWARD BARNETT, Notary Public.
certify the foregoing be of the original act
record in office faith whereof these presents
der SignNure and empress seal Of Office the City
OF New Orleans, this lith day Of April, 1881;