New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-05-21
INSURANCE.

INSURANCE.
OF crx OF s SEg " sa
The ysss Il osr gTps ss
r. 'sa & r. VI Yes rs
ya rass
appeared parties whose names are sub
e .ss . ssests' si
o. and o
those hey 70 form ihsssy e,
objects purposes and under the spuIations, regnia
ons aud obligations following, touit -,.s,.a
ARTICLE /. .
This Company shall established and do,ncaeh IN the
The Star Insurance Company i shall commence
snnssbss and i ri shall during
asd BY vs II At least wothds the members Of the
company. 1t shall have seal with device upon the same
lev evics ss shall hl.' Be "a .ssar S"'""
ARTICLE II. 4 /,
The objects and of this Company are declared to
FT ks dwelling stores other
G q e e az e upon vessels
p,eh,s bank bills Of e.ehsngs and other ey
dences Of debt botomy and respondents interests and 70
all ana dsDs 70 or
kind Of upon every and all insurance OBJECTS
Company may cause itself to be against
any nix which have made shall make nsu
The President Secretary Of the mpany shall be the proper
whom citation in all against the Com
psny.
ARTICLE III.
The capital stock Of The said Company shall be three hundred
hundred dollars eaeh which subscriber shall pay
s e. 5 Board CT s a M
balance shall furnish his pomissory the
Tepeevey At four and mouths from their
@ a .a s
Of last Of said three notes the sabsfhsF shall be en,i'led.o
Sided However that shall any suSserbsr pay
s full Of his % n cash in which case he
snnnn on such payment.
personal property and shall be transferable according such
rules and under such restrictions the Board Of Directors may
.ockhode shall in event be liable for losses Of
the Company beyond and above the amount Of his subscription
ARTICLE ".
All the corporate powers of the Company shall be exercised
by Board Of nine Directors which Board shall have power
ee nee pd Directors shall be elected from among
The fri Monday Of gns in each Yea
y and 4h En @ tie sS as % ss
second Monday succeeding their election and to hold the
sseted Bat Should such election hapren
i
office shall continue unit, their successors and
and for Directors those receiving
plurality of the votes actually cast shall be considered duly
In ali elections each stakeholder shall have the right vote
every Ave shares Of stock he provided
Ss at
"E az ae ods9s
h They shs spgR snd
@ s'psa sfass
at ali meetings. Of the members ompsny he
# h. ] s s 81 Ks
policies Of which sha also be ed b,
his Judgment
for the a a s epe4y month nth at w shs
Of the affairs of the company shall By
sWaYs be open to the inspection Of the soekhoders
The Board Of % s hs % I OF al e
5 2 s a rave time ]
Of the not contrary to this act
lions they shall fix the rates Of premium at which insurance
be effected by this sopany and they shall haze power
and ell all vacancies that occur in the Board
appoint Of their members or
Sy he %e@e of @ a IL BE- s ST ss ia
s thu
psis sT L. Gsad H. Y E hfEsf Gaus
and s g " s1 han s. m
r eight, uS5s, until their successors duly qualified
4. ARTICLE V.
Ahe expiration Of six months from the ga
Company under the of the Board Of peeto
% @ s snS what
Premiums have actually during Thai time f.
suicent reserve shall retained uneSpred ~
a ns "2n SO
vded provided not less than ten cent Of such profits
Tor divided pro rata among ock ode aud paid them
ARTICLE VI.
shall lawful for the Board of Directors to invest the flu
of the Company bonds and unncumbered
improved real estate situate in the parishes Of Orleans and
stocks created by under the laws of the United States
s"e And he S q invest
this Company in manner they may deem most
# ali loans on pledges
. s2eS oa holding any real
such building be deemed bic and
office the company Poxided howeysr
lie at my forced Of he # their opinion the inter
resell such properly within reasonable time exceed
unless majority IF the hand hat
IN, same be held by the Company.
IN ARTICLE
nd There shall be created by of Directors epar
fund to be called the Contingent Fund.- consisting Of
Of not 5 h" n St at q" a Re ao 81
st moneys be received under the provisions Of Artie
be S I'D for nnG s ssn ns s
p a an eon ai fund Shall to
ait after which the moneys SO tn
" and in the the sem'annual dividends
And the said fund of two hundred dollars s
I'd always be held protection 10 the capital AS well MS the
n sured.
ARTICLE VIII.
IN At the expiration this Charter sooner if rdered b.
of the stockholders the affairs of Ibis C
tany shall iqidateG its debts psid and the assets diY
under charge superintendent OF three Commission
de appointed for a pun pose by mort, of the stockholders
This ncorpor ton may ba altered and amended b.
m ourts of the stock represented at special mt
ing stockholders convened for that purpose pro I'll
three fOurth OF the whole
the CAPT al stock Of said Company. -
respective interests OF the parties TO this
are o as follows. to.wit
Placiie Forstal, hundred shares. $40.
Edmond j. Forstall, fifty shires
James D. Denegre, fifty shares
Nd Fellowes & Co., fifty shares
'"1 A. Logan shares.
j. F. Whitney Co, thirty shares.
~ Warnclen Krcho, thirty shares NEUTRALITY-SUSPICIOUS..
ES iI horhhai ~ q ' a., ny hornS
Duncan K Logan, twenty shares
Buchanan Carroll K Co, ten shares
J. NJ d. Taylor ten shares..... ...,'-'......-
BERNARD Kock 4 Co., twenty-five shares.
W. Blgait, fifty shares