New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-28
INSURANCE,

INSURANCE.
SITE s og LLOUIsIANA,. CRY p sEw oE.
oa as s p chit Day np
fss. ss1s ss .. ss.sss
and
smssyss Of the provisions o. the Of
in they have agreed " these
hey form constitute eorpo
ssa as ssa 3 AND under the uaons
ARTICLE YIRsT.
gS Rs2 ssd IS =; 81 SRR A.. e a5s
domlc hereby established in The city New orlesns
ssss s sss e =.
twenty i've years from The date Il shall have
Of and inscription the Of the Company
ARTICLE SECOND.
The objects and Of the Company hereby declared
s To make upon dwelling houses stores cotton
and every other description of buildings
erty, ssainst loss or damage BY IRE. wy
"a To make aPen ships and other vessels
die gold silver bank notes bills q exchange and other
all maritime inland transportation risks upon
lives yss and ~, in other words to
The Company may any
upon which IT shall have made citations
tees and other Legal process wherein the Company be
manner hereinafter provided for.
capital said Company shall be two hundred and
fifty thousand dollars divided into twenty Ave hundred shares
manner following y Ds '0' at Inc 'me ana IN 'he
o. hand.
ness The sum # twenty dollars 10 cash each and share
Company remaining eighty on 70 eae as ,s
bic on a. The pss aa Company
yed that the shall by nstaments Of not more
be
ns II IN H. sca in At least Of the daily
made which said capital Stock 81 Two hnnred and S
thousand dollars, as Hereinafter provided for.
ARTICLE FOURTH.
Board Of Directors PERSONS be elected on
ns s1s
published in this city. and continued
's sss1sa E
e e TO 5 at such 1 Of said
l. Their stead Board thus on
piase within ssns
BIZ Eugene Soe saG Snd
nea cossn
Zee S In MT I'll Of said shall in
eight until ei[ elected qualified
be sslS as
oss Ter d1y and in the Of
m to take place within days thereafter and give notice
Each and ochoder entitled either in
or by proxy to vote each and share which
ferred him ninety days PRIOR to said election
| ARTICLE FIFTH.
COMPANY o oraes the charter Of The
provided fo. the affairs of said company
of,hlss
ors and who shall remain in Office until the final liquidation
ARTICLE SIXTH.
he boa oaId shall a. their first meeting in
dent who shall hold their office until their shall be
ARTICLE SEVENTH.
No person shall be capable being elected Director of
his % t hat h
Of a he may be partner least
| ARTICLE EIGHTH.
cs OF adj shall have the power appoint such
Quoting of the business Company ordain such BY
Company PROVIDED the a not one
he with the laws of this State the intent meaning
They shall s the Of the officers clerks
have Eli Vacancies which hs
occur in their number or in the Presidency
ARTICLE NINTH.
ngs the Board shall manage the business
Directors Absence the Vice President shall pre-
size al Sueh meetings. ,nr,o, r,,n
Ie Board OF shall have power to invest from tim
s an e s 4ea in
me parish OF Orleans which in every case shall be deemed
5 p rs the @
corporations of this State make loans pledge
aforesaid securities bonds stock They shall have power
OF os IF or at
Pan or of any movable which
erations business nothing herein contained shall be
construed as to authorize the said Company discount
Indirectly to deal 't or in 5ayins Or sae noV
able or mmovable property goods wares or merchandise
ARTICLE ELEVENTH.
Yearly dividends shall be made of much of the profits Of tn
risks which shall not be terminated at tn
time of making such dividends shall be considered
ssssS
mutton shall have been covered and by the profits
ARTICLE TWELFTH.
III the yearly dividends to be declared aforesaid TIL
cent on the amount paid and the balance shall be placed
duty Of psetor
to issue certificates to the stockholders for full paid shares
| ARTICLE THIRTEENTH
After the whole capital stock said Company shall
paid in the Board of Directors shall have the right educ
from yearly and lay BY such Of the said dvi
dends they may deem uni! fund Of not
formed and realized be addedto the capasock said Com
pany.
ARTICLE FOURTEENTH.
It shall be the duty the President Board of Directors
within month from the close expiration of each
city,
the @ at If S ns m0 s. p san,sn
the Of received during the previous year
ance against FIRE policies pol
ices second the of incurred during the
cying and designating what of losses have been incur
red BY the different kinds Of policies as aforesaid; third the
curities and the nature O the Securities
| ARTICLE FIFTEENTH.
The stockholders shall not be responsible for losses dam
incurred by said beyond the amount Of capita
stock held or owned by him them respectively
| ARTICLE SIXTEENTH.
ANY stockhoder who shall fail or neglect to pay any install
when ordered by the Board Of Directors provided for
article third shall forfeit to the Company all pre- payments
and cease 10 be stockholderin said Company
ARTICLE SEVENTEENTH.
No stock shall be transferred such transfer be made
the books of the Company Should any stakeholder desire
transfer stock previous ton of the having beer
made he shall be permitted to do by substitute of the obi
cations of the party purchasing provided the substituted obi
cations satisfactory the Board of Directors.
| ARTICLE EIGHTEENTH.
This ofncorporaon be modified altered amended
vened for that purpose after thirty days notice. French
English in the published this city, with
the assent of Of the stock
ing and any and all such notifications alterations amend
mens dissolution shall be recorded and published according
to law.
Thus done passed the city of Orleans the day
month and aforesaid in the of James N Teller
and Edward s. Audler, witnesses, whs hereanto sign the
names with said parties and we notaries.
The original is signed: L. H. PLACE.
LAB0RnE XIQUES,
JAMES D. DENEiRE.
| and others.
| JAMES N. TELLER,
EDWARD s. AUDIER,
| EDWARD BARNETT, Notary Public. -. ~ .
certify the foregoing be of the original act
record Office In faith whereof grant these
der signature and the impress of my seal Of Office the City
Of New Orleans, this l4tll day Of April 1851. -
o. EDWARD BARNETT, Notary Public.
~ Nort