New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-20
INSURANCE.

CTATE of LOUISIANA CITY OF M \, OR Or
il hs ysss e a91s
% % NICE ns
Notary Public and ey Of New aes Oh
n nS sppssis as s
s s ii to se
ganisaon Corporations this State they have @
ana oss
constitute and establish an
tons and obligations following, towt - a ~ '
( ''. ARTICLE L.
This Company shall be established and domeliated in the
city shall be known and designated by the
maine The Star Insurance Company Il shall commence
1 ssea Ss aSssb ,0S and oHf ha 1
date hereof unless its 1as shod be s
Company Il shan have With device upon the same,
and the name Of the Company on the margin 'heeo anu ne
~ ARTICLE II.
The objects purposes this Company declared to
make n Sc e Ssr
second-ro effect marine upon vessels, eghs
steamboats,, goods wares, merchandise Specie bullion
missions profits bank bills of exchange and other evil
make all every connected with
marine inland transportation risks And in general to effect
And this Company may rensued against
ri'k upon which it may have made or shall make insu
The President Secretary of Company shall be proper
whom citation in all suits against the Com
pany. .....
ARTICLE III.
The capital of the said Company shall be three hundred
sS oaf d sss s 5
the Of his % cash i
tse lis h
s aR ss.Ss
WHICH said cash and notes receipt shall be given by
y ds a sssasseS
5sd % h hs be n Ct s sy
The full amount Of his sacrpon in cash in which case he
the shares tie capital stock formed shall be considered
and under such restrictions as the Board of Directors
stakeholder shall in event be liable for losses of
ARTICLE ".
the corporate powers of the Company shall be exercised
by Board Of directors which board shall have
and to 'gp sIse and ts sk s from they
.s as @ @ as FL ss IN s"Sh s city
sF New s"S ors Il Which given
and E isso in Sa1s
the Monday succeeding their election and hold the
eeteS But MAJ Happen from Cause not
n @ ] s beao RI mint
shall fon1 s SO until he are . ed and
sss;ss q the votes actually eat shall be considered duly
In a elections stockholder shall right to vote
vote eyery Eve shares Of stock may own; provided
then twenty votes And provided also that slall
have the right 10 vote stock hat may have been trans
Board Of Directors thus eseted shall at her first
aH SFTS hs Who III
his ess9 f m s gs6 sSg and
proper of The affairs Of the company
at ali ali mesns q members o@Pany and he shall
sdn # tn ne Ba % s L Be E
policies of which shall also be eogutesg by
the as in his Judgment may be necessary
pedien for the interest of tie But there shall be
meeting OF the Beard month at which
detailed statement Of the affairs Of the shall be
always en- p the inspection sd # he h., - Ill
officers and clerks employed or elected by tie company They
shall invest the PROFITS Of te company from time TO time as
bylaws they deem necessary and convenient for the
he ae s State relating The organization
tons they shA FIX the rates Of premium at which INSURANCE,
do GENERALLY all aS necessary 70 carry out the objects Of s
in Of absence or sickness Of the President hey Shall
have appoint Of their members Tor
during such absence sickness in whom shall be vested for that
' For =" en- i bs SaSy the
e Fo @ EsI.s, 3 e Bss5d p.sS
Perre r A Girand A. + Elliott i. Giquei u, 6, i. Cla
until until second 4onsy Of June eighteen hanTs AID afy
eight ass, until their successors duly qualified
ARTICLE V.
At the expiration Of every organization
the first Board of Directors shall be The duty Of the officers
M pa to S %s and 5r s to the
and Secretary OF the Company showing what amount OF earnet
which shall be deducted the actual losses and expenses and
tb s o 50 Us made sa pon SILL BE- re-
tanned towards forming contingent und as hereinafter
retained until such fund is completed and the balance shall b
pro among the stoc oldr ard pNd them cash
ARTICLE VI.
1t shall be lawful for Directors invest fund
of Company bonds and mortgages unncumbered
rp6@ Iss y also n the Of the GoP H&
stocks created by under the laws Of the United States
this State OF this city and loan the security of sGcl
stocks Andthe Board Of Directors generally invest thu
ss G9Re nS !sy III
charter or to the laws Of this s!se aud all loans on pledges
The Corporation pfoIiSe holding any real estate
t BY tie Bard Of Directors and majority Of the
S the Sda o e oag he ssde
any property wie may be pledged lie tompan
oSa as t i" s sba be The HER
nGs G II e sGqaG tint tn
express purpose specially convened should consent that til
= same be held by the Company.
. . ARTICLE VII.
1aes &c called the Y 5hd essfd
proportion of not less than cent of the net profits
ID, SeGss under he
and from other sources than premiums and this fund sho
NUNS and all other cash funds shall have been exhane
e dollars after which the appropriated tn the
shall be DIVIDED pro rat" The Il ns san
,e And said fund of hundred thousands dollars sa
10 always be held protection to the capital as well rs the
IL sured.
ARTICLE VIII.
" At the expiration of Charter sooner by
twothrs Of the stockholders the affairs of This Cor
Y pnuy shall qidated its debts paid and The divd
charge and superintendent three COMMISSIONS
m appointed for that by majority OF the sts@khoders
This Of ncorOr ion be altered and amended by
is teeourts Of the stock represented ut special
ing stockholders convened that purpose, Doyd
such stock represented three tourth OF the whole
IA the cap NJ stock OF said Company. .,
respective interests of the parties to this
0n declared to be as follows t2,wit: s,oc
a. Placide Sorsa one hundred shares SO
e. Edmond j ForSta fifty shares ~
rs James D. Denegre fifty shares 81
all Felowes Il Co. fifty shares OF
| AID
J, F. Whitney thirty shares. -
ce WarneSen Il Kclo thirty shares b
he Thornhl X fifty shares.
CasOu fifty shares.
~ Duncan Logan twenty shares p
lis buchanan Carroll a Co., shares
VIM Pehn, fttyShAres ..--.....-.... d
III Bernard Kock twenty five shares z
III w ls
Ionsdale
Samuel Smith Co., twenty five shares
W. n. I'ourk twenty shares.
es, Brown, Johnston Co. fifty shares. 81
to Schmidt " Co hty shares !!
,ta J.. H. Forstall, ten shares
S j. b. Piauche, Jr, sfhres.
De, Martin Gordon Jr ten shares
;tl- j. a. Iin4hnm, 1ity Shares
j. h Beylle, fifty slres. .
80 Shelby seymour Co., shares.
,ne G. w. Dunbar Il Co, tn shares
nat #. MHrtneHc " Co. shares
90 W, II. Ietchford Co, ten shares.