New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-13
INSURANCE.

INSURANCE. % 81 /
STATE OF LOUISIANA, o5T ; OF NEW NJ, y, OR OR
& sns f ss @
seven Of Independence Of the United States Of Amer
n! Sesr sGS
ssns aaa N sppeaed ds he parties
hs ayspg IF the @
eazston of Corporations in this State they have
sa hose
Into, constitute and establish an Insurance FOR
the purposes and under the stpuation regua
tions and obligations following, to-wit
ARTICLE l.
This Company shall established and domieliased in the
city of shall be known and by the
Of The Star INSURANCE COMPANY shall commence
been subscribed and il shall exist during twenty years
The date hereof unless its sa should be sooner q1i
Company Il shall have with device the sumo,
and the of the Company on the margin ana the
ARTICLE II.
The objects purposes this Company declared to
Fro make dwelling stores or other
seeondTo effect marine assurances upon vessels regh
missions profits bills of exchange, and other ev
dence Of botomry and espondena Interests and to
all Pts 10 &c ss
kind Of upon every and all insurance objects
And Ills Company may cause itself to be against
any k upon which may have made shall make insu-
The President Secretary the Company shall be
person citation in all suits against the Com
ppany.
The capital of the said Company shall be three hundred
ONE Rndred dollars each which Shall
his u 5 on cash n d M
balance he his promissoy the
I o os
s s an nS Ss
last Of said three notes the shall be sn.eato
shs be
up t s s ns pe cent
h mental stock 50 formed shall be considered
personal properly transferable according such
such restrictions as the Board Of Directors
stockhodsr shall in event be liable for losses of
ARTICLE
the sh Ia.pS shall be
sss a1aHSsy sd
pas d h
which ten d. PHeS sha be ESsG
s and rs
sony t or @ s
But sSss ss @ sa o o
Il aeemed but the Of Director,
aSf s wh fsh possible dssy
plurality actually cast, shall be considered duly
: by proxy berson and h. shs be entitled
if @
And provided aso tia, no shsl
hin sersd sp. an s first
N" o 81 hsit Ffsdsn s hod Ii
such other officers they may deem exeen and eeessa5
T The he the
al @esss hs M at 1s n4
is Vision Of the Board Of Direeors lis duty sign
the the g ets,ss S IL tho
the often in his Judgment be
pdipnt for
least meeting Of The Board month, which ele
s snsnssd to them FOR dsbsan ha
e. @ * of all
,e and clerks employed elected the company The
a Rs s The they s'I%
5 y s sq Contrary To his for
is the Statutes Of his relating organization Of
S1 q Isl
do .na nj a @ ae 1f M
And in of absence or sickness Of the President they sa
provided he be Of the t. ), act il s
ma III S ns d M Pede
For the that this nR 0ps5a ri
9T el TOr;t" Ggstt E G " os8R q,
MSnday Of June sshesn n aud tiff
III ARTICLE v
Ate expiration of six months from the organization
the first Board Of Directors shall be the duty Of the Officers
estimate to be made and sworn to by the Preside
nn bgys s bsa during bs
which shall be deducted the actual losses and eYpspses and
Of the net profits SO made G portion ha be
lei provided less than ten per cent Of such profits
mr. until such fund completed and the balance shall
divided pro the stock olders and paid them cas-
Vi ARTICLE VI.
It shall be lawful Board of Directors invest the fun
the Company in bonds and mortgages on unincnmoered
p real situate in the parishes of Orleans and
They also invest S the funds Of the Company in
State, of this city and the security Of s
Of 1 of sn ans they dsy es
rs st not s n to es os
u.s. stock specially grohted
Th 5 a sy BIT s any d
IRE by the Directors and majority of the stockholders
he sSad es 3Ss
,on at s any ofcsd S sale Of he same
Company should require it, But i shall be their dn,
sdsS # o. Ss
same be held by the Company.
ARTICLE VII.
the fund.- to s be- called the Gonugent Fund consisting
o If eG Tss sa@ fTP
that may be rds under ns h 0% Of 1d fl
said M fund Shall amount to two hundred
the @ 81 ysS p wf a h song e ne
ERR and in the the semi annual dividends
earl earl And The said hundred thousands dollars
ia always be held protection to the capital as well AS the
It ARTICLE VIII.
At 1.-The expiration Of this Charter sooner if ordered
e pay shall be qdsted its debts paid and the Assets diy
AIM the s en- s nna "n VI of he
gy This of ncorpor ton may be altered and amended
The for " % @
anu Tie respective of the parties this
'ery are d-clare ed to be rs follows. wit
liar Pacide F9rs!all one hundred shares