New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-12
INSURAN

STATE OF LOUIsIANA, CRY OF NEW Or
.pa9, shs United sssss d xssies
Ss.a IL. y
July commissioned and personally Appeared
ssisss ~ s:s.
su l9 ,s ss and and
= - ARTICLE FIRST. rs II
II Z ss s ss y sss o.ss
.all Il. business one hundred
from o. a.;s
q and for Inscription the Company
'''' - 4'' - ARTICLE SECOND. sit
The objects and purposes Of the Company declared
To upon dwelling houses stores cotton
and other description Of buildings fur
erts agsnst loss or damage BY Ire "1 ''as' prop
"a - make nsuraness ships and other vessels.
die gold bank notes bills Of and other ev
al maritime inland transportation risks upon
Lives Somy and ny n other o5 70
The Company may be any
legal process wherein the Company may Sc IN.
manner hereinafter provided for. - '.@ ~ =
ARTICLE THIRD. t,I
m e ss
Of dollars each TO be paid for at the time and the
TIE ths said Company shs the hands
A. sas
o remaining eighty on afe
pie demand, he Office Of saa Company such
ss4e Ike S ;af BE-
tee a French and English in at least two Of da papers
thousand dollars, as hereinafter provided for. req
ARTICLE FOURTH. ss}u -;ss4jg5' p .
s Dn shall b e.
the Monday 5 each the Com
newspapers published in this city. continued ten days
oa s @ sna
preside at such elections and Of said Inspectors
Il
a a asy Fl the 5 G ss Of @ and to
and qualified The first election shall take place within twenty
s s a sas ns dye s sG sa
s d ~ Ct a he s
s BE the s asr of sd and shall rem h in
eight until uad
shall BE By
g duly and Of
to take whintsn days thereafter and give notice
ockhoder shall be entitled either in
5 s e zach n sSd % hs
ration company shall greater number
than vote after the sle ton
ferred to him or them within ninety days prior to said election
ARTICLE FIFTH.
Ath time of the expiration Of of the aforesaid
hereinafter provided for the affairs Of said company shall be
appointed BY the Board Of Direct
and who shall remain in office until the final liquidation Of
ARTICLE SIXTH.
The Board of Directors shall their first meeting in every
dent who shall hold their office until their shall be
ARTICLE SEVENTH.
No person shall be capable Of being elected said
aRss s ms in a S
commercial house Of which he be partner at least
| ARTICLE EIGHTH.
The Board of Directors shall have the appoint suct
the Company and to such BY
and as they may deem
fct with the laws of this State the true intent and meaning
They shall fix the compensation Of the officers clerks and
poyss elected employed by them in the Of the
| occur in their number ori the Presidency.
ARTICLE NINTH. ~ - X.
The President shall sign all policies and presdea all
ings of the Board shall
absence. Vice President shall pre-
side at such meetings. -
The Board of Directors shall have power to invest from tim
s the and capital nd Of the
the parish Of Orleans which in every case shall be deeme
a #
aforesaid stock They shall power
Of properly w them
Of debts at pn6
or of or o Mhh
construed to the said Company 70 discount nego
recty indirectly deal trade buying selling
able or mmoVable property goods wares or merchandise
ARTICLE ELEVENTH.
Yearly dividends shall be made of much of the profits Of IL
time making such dividends shall not be considered form
said s%
mutton shall have been covered and made by the profits
, ARTICLE TWELFTH.
amount be paid 10 the stocthoders shall not ten
the amount paid in and the balance shall be placed
when shall duty the Board Of Direco
issue certificates to the stockholders for full paid shares.
= ARTICLE THIRTEENTH.
After the whole capital stock Of sad Company shall have be-
the Board Of Directors shall have the right to dedu
dss G s p a HS
realized added capital stock said Cor
= pany.
within month from the close expiration Of each year
in at least Two daily newspapers published in this city and
@ Ct h cpany
the amount of premium received during the previous year. sp
against fire. policies and what river
the n during the year
red BY the different kinds policies aforesaid third,
euries, and the nature Of the securities.
ARTICLE FIFTEENTH.
The stockholders shall he responsible for losses dar
incurred by said beyond the amount of capt.
d stock held or owned by him or them respectively
S ARTICLE SIXTEENTH.
Any stakeholder who shall fail neglect pay inss
when ordered by the Board of Directors
article third shall forfeit the Company al sous
q and cease to be stakeholder in said Company
ARTICLE SEVENTEENTH. 49,
No stock shall be transferred such transfer be made
the books of the Company Should stakeholder desire
stock previous toul payment of the having be
made he shall be permitted do by substitute Of the oh
cations of the purchasing provided the substituted oh
cations satisfactory the Board of Directors.
ARTICLE EIGHTEENTH.
This act Of incorporation be modified altered oramene
the ,ad Company dissolved general meeting be &C
vened for thai after thirty days notice. in French
English the published in this city, and vi
the of the stock at such
and and all such notifications alterations
men dissolution be recorded and published Accord
e to law.
Thus done and passed at the city of New Orleans the dc
aforesaid in the presence of James N. Tel
Edward s. Audler witnesses, whs hereunto sign tn
names with said parties and we notaries
lie The original is signed l., II. PLACE, ..
rs LABORDE XIQUES,
/, JAMES ID. DENEGRE,
and others
JAMES N TELLER,
Be- EDWARD s. AuDLER.
: EDWARD BARNETT Notary Public.
certify the foregoing TO be OF the original act
my faith whereof grant these presents
der my and the impress of seal of office at the
of New Orleans, this 18th day of April, 1851.
EDWARD BARNETT, Notary Public
undersigned Recorder of Mortgages for the parish
city New Orleans, State Of Louisiana eefes that the fo