New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-12
INSURANCE.

Il Known On tjs eieI,teenth day q NAV
az, 20, n mr. id os thousand siet hnoded snd
ne q .hs Ta.sd States q Amer
s PnSlc In and Tor he city Of New 0ress parish q
acIe.sd gsy se%%I,ssssa sna
scried that q the pIovis
81 e IF IN
nd asreed presents covenant bind
into. Constitute and establish Company
he objects and purposes under the stpulaons fsguls
lions and 0o''s'''0'' i0'''~ nmss 80
This Company shall be established and domeated N ne
name The Star Insurance Company I, shall
It's business 80 soon as one hst or s ock sh. nave
S ee he Js Hereof ness It's ala rs shonld be sooner jdni
daaea sy h have with device
s ssS ss a s On the the
-. ARTICLE Il.
of F.re make other
b sr or other property
second-To effect marine vessels reights
nsons ss notes. Bills
ans saa a
marine inland risks And n ess
every kind o. insurance upon every and all insurance objects
hi, may itself to be rensp,ed against
rance s....,axu Sat-
person whom citation in all suits against the Com
pany ..u,o,. m /
# a. As sais ILL., :, 10
S 9ss S
ON he "a amount Of his CASH
he his g
T ss 5 Rssass
ssd es.h sets; receipt shs e
~ he said three notes the shall Be
da at ba baw III ~ any
up he his subscription which
snnup Nc on snch PAYMENT p'
The shares in the capital tofk formed sha be
under such restrictions the Board Of Directors
nd shall in be liable for losses
the Company ana ABOVE the amount Oh DIS
All eornorss " bs e i . be exercised
Board Of nine Directors which Board shall have
de Deetop be
ID 5s 5 fl Of J IN each e S
Of New Orleans Of which days notice shall be given
m aHe Tie es
he second Monday succeeding their election and to hold the
d
@ s ss4S Il 9 s
w f s Sc Be- until hs he ss
asueh elections for Directors those receiving
oil tie votes actually cast snail De considered duly
al s each sos1h0 sna shall h % IL the ntd to
for every Ave shares of stock he provided
than twenty provided also that person shall
5 s been
The thus elected shall their first
out Of their own body President who shall hold biz seat unit
Is & Tne sss
fer proper Of the affairs company.
at ali meetings Of he members Of the opany and he shall
conduct the business Of the under the
policies of which shall also be countersg ed b.
the Board his Judgment necessary
for s o h BE- aPsy which,
detailed statement Of the affairs of the company shall
then & sh"
bSad e Sc
the profits Of the from time time
as they may deem Necessary and convenient For ii
m men e. the p M this
tons they shall fix the Of premium which insurance
generally all carry the objects Of th
and to m all nat may The
appoint own members s er
For the year that his Company goes INTO operation
W shall rs1 z the n # pse
Perret, r a Girani A. F. Elliott T. GiqueI, w. G. g. Cha
and o. F. e y %hGs term g ct service bn h a
eight 0s5S or until their successors are duly qualified
ARTICLE V.
sspaop * mSphs from the e.
this Company under the the Board Of Director
an 70 be made ana sworn to py he
during hat
ee sa reserve shall he retained for ueSpre isks The
O. e as p1
;a s a5aS n ies ,an ten ner cant Of sncb nroste
atsneS mil smch find is cnmnetad and tLe balance shall
d Nc ra,a a., ,,s stnckJ oidsrS aud nai ~, l., cax
u''" p' $3.50 s " ' ~ s ~
, ARTICLE VI.
II shall ba ,f, far ,la Roard Of actors IN ;nvast FIN,
So. n,aranr IL, ho,d opS an rnirc,nbarad a.
nI - s,,,ta In tho narSbes IF Oraan ana 7.
frson Tey NAV also invest the FINDS Of The Comnany in
.. h. a. VIDA ~ Is,rs Of The n;taJ Sa,as ar
~ So c;tr an NAV loan unon ba serry IF sr
IL stnes nd I've BOARD If directors NAV rrneTav invest
f"n If his ,nmnanv in any manner they may deem most
;ts no, contrary IN tho rovsons If II
lars of lonns
chareF or 10 we t"s " ls .e anu al ioi's vi peuseS
stoek ate sleea f boa;, an, .. oC,a
ing n1tPotnt ,! 10 u any Sd ea
save suGh 40 i's ue 20 NY atu
10 ~ me iua .. m as ;dJ h
T. 9s usea hs 'le 9ce VI ne o'np ;a
any With NAV he or pledged to lie
Of r nrca saa If The me- in their onnion The
e a. I Eonan~ nrlI sonra But hal h. their DIV
raai c prnnarIv Within raasonabie time not IN excad
year unless majority 81 Inc borId ct h Sa u
- s"tne oe hei" " int Noi''
II .,,,,,,r,,
h Aniiehh We
fund shs cee b e eos p
proportion of less than per of the profits,
ID mat may De nuer ,s b 2 d h
Il t ~ S T 1ot ro Inc Of losses aiar he n,
o ~ a III oah rms 81, al have heen exhas
NATL said fund shall amount hundred ho
owl ac,ar
u time and in the same manner as dividends
a vided for in Article s.
And the said fund Of two hundred thousands dollars sh
always he held the capital well the
O. sured