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

tN~ JAMES ID. DENEGhE |
" vh' R6GARr and others.
49, II. BRUGIER; , ;,
i. G, GOTTsCHAtk N r
cefy the foregoing true Of the orghai act on
and e impress q my escs at tile City Of New Orleans
this nineteenth Jay u NAY T. g. GoTTscHALK, Not Pub
parish rhs amd city n New Orleans the orsgopg has
been recorded this day Ills Office in Book Society No.
S0,''f 5sgsa anu a John Ho 1sS G'se I'd
STATE OF LOUISIANA, CITY Of o., \ NEW HNr Or r.
the YEAR Of our Lord one thousand and
s ms sfs
lie and parish Orleans State Of Louisiana aforesaid
t s whSss ana f
Tint sy the o e inc Corporations
in they have agreed ana 40 oy
ny into sDS and Sepi h nasG
and regulations following, that is to say:
ARTICLE FIRST, .,
Ths | s e N dF
domc hereby established in the city OF New Orleans
@ aosf s hss Ss
G ss S VII e arms Of
Of Louisiana inscription the name Of the Company
ARTICLE SECOND
The objects and the Company are hereby declared
To make dwe e, bonso SpSn
Goods sad
ery, against loss damage by fire.
other vessels se 1 @sss .S
@ gos syer 1 po So or and
all maritime inland transportation risks and upon
fire. MARINE river and life insurance OF any kind whaso
The Company may itself be rnsured against risk
which Shall have made nee and all citations no. NO.
erested shall he President to appointed in the
manner hereinafter provided for.
|
The capital stock of ssd Company shall he two hundred and
hundred dollars each to be paid for at the time and the
The SUBSCRIBERS to the Company shall pay the hands
President the Of the for bust
Subscribed by them and furnish their notes
Company the remaining eighty dollars each share paya
in the Board of Directors determine
agreed upon said B9ad Directors forty days
published city shall be given of payment to
thousand dollars may be increased five hundred
thousand dollars, as hereinafter provided for
ARTICLE FOURTH.
All the corporate of the Company shall be exercised by
Board Of Sc s Of ns Son s be lee
pay notices of such election shall be given in least two daily
m~sn s ' the s"d %
The Board shall three Inspect
cline fail to attend the President shall others to act
Monday Of the said month of July, and hold the
qsG %'
hereof due notice above provE
J ali Of this city hereby appointed INSPECTOR
to At d rst @ d and the @ s
until fourth Monday in July eighteen hundred fifty
%s s'f ha if Be So es
a yos Of The he sSan q s esop
place the day aforesaid the President shall anote
Each every stakeholder shall be entitled either in
by each and share which he she
they may sspectve hold that no It.
than ts eny to vote after the any
erred to him them within ninety days prior to said election
e ARTICLE FIFTH.
Att time of the expiration Of the charter of the aforeai
ordered Ter P{ vote q d the soshOsI
gdated It's debts paid under the charge and
ors who shal! office until tie final liquidation
i the affairs of the Company
The Board Of Directors shall at Their Est meeting ever
%Sc @ p t Os until s saa
e elected. '>' 0~ ~
t ARTICLE SEVENTH. f
No person shall be capable Of being elected Director o. 81
Company who does not at The time Of his election and d1r
commercial house Of which he be partner at least
shares of the stock of snid company
ARTICLE EIGHTH
The Board Of Directors shall have the power to appoint
Ct M and employs If Is. h be SD 10 Gy1 as
laws rules and regulations they deem necessary for
et with the laws Of this State the intent and meanir
n They shall fix the compensation officers
ployes employed by them the service of the Cor
be occur in their number or in the Presidency.
be ARTICLE NINTH.
H. The President shall sign all policies and preside at all met
ings Board he shall conduct and the business
DIS the Company generally under the 81 the oard
"a side at such meetings
e g, to time the money capital Company
pth Wc in yes shall be- e
,is least double thereon They
or ner the laws Of the states Ills state Of
@ Rsfs
9 a @ way o ss them @
faction Of debts or ed at. at pg6
or Of property movable or immoyable which m
sa
construed to authorize the said Company to discount nes1
1S
able or immovabe property, goods wares or merchandise
ARTICLE ELEVENTH.
Yearly dividends shall be made of lnnc Of the profits of
"s Oh a 9s s Rq not be esa Of
re- time Of making such dividends shall not be considered fo
q. olossss' whereby he esps s'oskp .. Sopsny Ea
mutton shall have been covered and made up by the profits
ns ARTICLE TWELFTH.
amount be pad to the stockholders shall not exceed ten
ro the amount paid in and the balance shall be place
ps e GSN ES s
IN issue certificates he stockholders for mil paid shares.
ARTICLE THIRTEENTH.
After the whole capital stock Of said Company shall have
paid in the Board Of Directors shall have the right ded
led bends they deem until asnpls fund Of
ers hundred and fifty thousand dollars shall have
formed and realized be added the capital stock OF said
g n pany,
Get. ARTICLE FOCR FIFTEENTH.
It shall be the duty the President and oard of Direct
of within month from the close expiration Of each
the Company TO be published, in French and Fnsl
act in least two daily published i'll this city n
the OF AT least month, full statement, under otl
900 the business of the Company which statement shall contain
1000 the of premium received during the previous
Cifyng what received for life insurance. for
against fire. what marine policies and what river
cifyng and designating what losses have been
0 red by the different kinds of policies aforesaid third
5000 amount capital stating the portion OF the invested Ii
500 cuTites, and the nature OF the securities.
20DD ARTICLE FIFTEENTH.
ioO The stockholders shall not he responsible for losses
stork MID or nvur, Inv lin, or tlnn resnrrt;vey t
s299 ARTICLE SIXTEENTH.
IUn, stakeholder who shall
l when ordered by the Board of Directors provided
@ article third shall forfeit the Company all payne
5W9 and cease to be astockholderin said Company.
5iWI ARTICLE SEVENTEENTH.
No stock shall be transferred unless such be
the books OF the Company Should stakeholder desir
1000 transfer stock previous full the
he shall he substitute of
cations of the party purchasing provided the substituted
1908 cations are satisfactory to the Board OF Directors.
! lv wv ARTICLE EIGHTEENTH
1900 NY " M may NC 'ouneu atefeu
the raid Company dissolved nj general meeting he
2O0 III .a p ipss 'rt y Ioce! ~ rehch
1000 i;ssh, N ny IN uis Guy ana
" ~, a,e VI ue stoth ~ sueh
5 dissolution shall be recorded and published
1000 ~ ''"' 80 .
The and respective interests of the parties this
2hD hereby declared 10 be as follows to wit
iWD Names, Number of Shares. Amor