New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-07
INSURANCE.

INSURANCE.
~ s. a4S sn that on ts
lea lie eighty me- Edward George otsehak
ss 't ,s S S Sew sna
avns thu
ions "ts Of The State Of Louisiana relative the
and agreed and do by these presents covenant bind
aSd s an s @ |
hs nd Ia snd under the spua0n regua
ARTICLE I.
c rh Company shall be ssapshed and doiqated in the
1.-THE Star Insurance Company" Ii shai cemnicnae
It's business soon half Of its p, stock s. have
from the date hereof unless its aa should be iqn
Company. shall have device upon lie same
and the name of The Company the margin thereof and the
ARTICLE II.
The objects and purposes of this Company declared
FstTo make nsnranees dwelling houses stores other
buildings household furniture merchandise or other property
secondTo effect marine vessels freists,
missions profits bank bills of exchange and other
every apperaning with
marine inland transportation risks And in general effect
sHss sre 81 upon every objects
And this Company may itself be rensured against
rik which it may have made or shall make insu.
The President or Secretary Company shall be the proper
person whom citation in all suits against the
phhy
ARTICLE III.
The capital stock Of the md Company shall be three hundred
ONE aned which each s S1ae paS ..
the amount of his sucrpon fourth cash, Immediately
his s, romy n %s Gg the the
respectively eight m"" From h "r d% ss o
which SAID emsh and n9tes receipt shall be given ny
tls last said three the Shall Be syIe 'fS to
1 @ e Of to any to
up III gIl amount Of his substitution in cash in which
The shares in the capital stock formed be considered
personal property and shall be according 10 such
rules and under such restrictions the Board of may
And stakeholder shall any event. liable for losses of
the Company beyond and above the of subscription
ARTICLE ".
All the corporate powers of The Company shall exercised
by Board Of nine DIRECTORS which Board Shall have power
deem said Directors sa be eee.ed From a1y m"y
such place hoard Directors shall designate in lie City
Of New Orleans Of which ten days notice shall be given
Ssps R"G ssss ON
during bereo or until their saccsssors are are
elected But should such election happen from
deemed dissolved but the Board Of Directors then in
Gais ~hic shah be With the Shortest pFs ffse aHa
s s"sy of the votes actually cas-" " be considered duly
In ali elections shall have the right to vote
by well person. and he se be entitled to one
vote d iG five shares Of stock he may 9wn provided
than twenty votes And provided also that person shall
With S"s "S sS ey "Ss Trans
Ing an" and @ p 9gs am Il ,h nt
out Of their own body PresaeD Who shall hod hi, seat until
such other officers they may deem exedent and necessary
The Sdent a at III @ee IL e Of G oy and
at all meetings Of the members Of the omrany, and he
so" 'f Of bFeeo SS H. " JUICY sS ali
the see o. IL @ sHe s s Hill eis to % S9
the Board his Judgment may necessary or X.
least meeting every month at Witch cIe' n
submitted Them for ds6%Faon statement 1' shaIi
AT%y be %Ps e T. Da the @ The
e oGs and clerk employed or elected by the They
hereinafter provided ior they Shall lave power 10 op Such
sSaMs as they may deem necessary and convenient Tor The
the statutes of this State relating organization Of corpora
Sa ne eTe s eo"p@y ana they Shall haze power 70
And Of tie President Ties sai
See S Her comPay a
dur, Sg , 6fnes Q" il "9 ba be vestedlor that
For the fri year haihs Company INFO operation the
FoF;'s esaf II "a" fds SH5u r T g
b rs[s and r a4 Is A. Elliott ,o f. a"e " G si
nt TSn$sy eighteen h"nsd SSIg y
eight s5e Or until their successors duly qualified.
ARTICLE V.
the Sxpigaon Of every six months from the organization of
the first Board Of Directors shall be the duty Of the
to cause an estimate 70 be made and by the President
sesT"F ] " %5 s 1S
which shall he deducted the aud expenses
f SG of 6s net PT@ 50 made portion shall be
vde for provided less Than len per cent Of such pe,s m
retained un such fund is completed and the balance shall be
divided pro rata among the ockt oldes and paid them
ARTICLE VI.
It shall be lawful for the Directors to the funds
Company in bonds and nnncumbcred
feron They also invest the funds Company in all
q m ey end may loan upon the security Of :aGh
thty,,
:" m s a # not ss G 4S
itsow stock are specially prohibited.
The no so6i5tea from holding real
by the Board of Directors and majority the stockholders
Board sco tho"h e Pre Sisg may pafch ah",
any properly we FAX be morEsged pledged tie Company
of the Company should require IT, But their uy 10
unless majority Of the Stockholders at meeting for that
express purpose spee"y convened should the
same be held by the Company.
ARTICLE VII
fund called the Contingent Fund coDsn pr ihe
for purpose p s d fe o o 9s ne! p S
that may be received under the provisions Of Ace6
mot he ,"used except for the Of losses after the pre-
until said contingent amount to Two Hundred ;hous
sna a2 h S AFR which the moneys 50 appropriated I'll, then
e hu ~ me same manner as the semi annual dividends pro-
Aud the said fund of two hundred thousands dollars shall
always be held as protection to the capital well
ARTICLE VIII.
At the expiration Of this Charter soone If rdered by
vote Of tTohiGls Of the stockholders affairs his Com
under the charge and superintendent three Commissioners
ncopo may b. altered and nmsnSG BY
vote ct mr. ons OF the stock represented at special meet
such stock represenle amount three the whole Of
Thus done passed city of New Orleans, aforesaid
S e ' sa {S"s as1en s ro Hoys in
e,et witnesses who hereuno sgnthe with the parties