New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-21
INSURANCE.

'e5 lNSU HANCG.
STATE of LOUIsIANA, CITY Or or NEW vi, Or +
s ss
commissioned personally ss%s and 1psarsa
Tia ps svs mGss se
State 70 hs a d M
and bind snS 0,s wa0m
a and ses III iRs s fSiosas .Esi
T sd s e n ~
sa ~ rs 50 soon as lie Of
doars shall have been subscribed for and Y shall
corporate seal having for device the Of Of the State
Louisiana and for an inscription the Of the Company
1.~.9sq-'I,'5 ARTICLE SECOND. 80,
The objects and purposes Of Company are hereby declared
i To make assurances upon dwelling houses stores
ture goods wares merchandze machinery and other prop
"a 70 make nsuraces upon ships and other sea vessels,
@ and other vessels freg goods wares merchAn
denees of debt commissions profits, bullion money and
nganf all maritime inland risks upon
effect fire. marine river and life insurance of kind whatso
The Company itself to be reinured any risk
upon which it shall have made insurance and all citations
tereed shall bs President appointed the
manner hereinafter provided for. q .
.-u- ARTICLE THIRD. III
The capital stock said Company shall Be two hundred and
aseS ds eac % Into o @ At ts n S
manner following, to.wit:
President" the Company ye
the Of twenty dollars cash each and share
Company ts rsmalnns eighty dollars each share
such as as the Bosrd Decols may
yided that BY InstalIments Of
ss II; sssrs
Sc made which said capital Stock Of two hundrtG and fy
thousand dollars as Hereinafter provided for.
ARTICLE FOURTH.
All the Company shall be exercised by
Board Of Directors composed Of nine to be on
s MnSsy a IL ss yen ae %
newspapers published in this city and continued for days
s
ens gq 5 at e spp
their The ard e a to TAXI ss s a e en On
same ' until their elected
and QUALIFIED Ths election ss take scs Within ks
ded for Mesrs Thos n Blake Eugene Motion and Fran
Art s Ms ct d aes a {1
eight, until their elected and qualified
receiving plurality Of the stockholders Shall
es m aay Hn in b. Of
election TO take place within ten days thereafter and give notice
Each every shall be entitled either person
by to vote for each and share which he she
@
than enty after the first ee ton
erred him them within ninety days prior said election
ARTICLE FIFTH.
the time of the expiration Of the charter Of the aforesaid
Company, ordered by OF the stockholders
hereinafter provided for the affairs Of said company shall be
Commissioners appointed BY the Board Of Direct
and who shall remain in office until the final liquidation of
ARTICLE SIXTH
The Board of Directors shall their FIRST meeting in every
dent who shall hold their office until their shall
ARTICLE SEVENTH.
No shall be capable of being elected Director Of said
aHs' ID as ms in a FRs s
house Of which he may be partner at least
shares Of the stock Of said company.
ARTICLE EIGHTH.
The Board of Directors shall have the appoint such
duclng Company ordan such BY
laws rules and regulations they deem for the
c with the laws of this STATE the true intent and meaning
They shall the compensation of the officers clerks and
poyes nsoyed by them the service Of the Com
occur in their number in the Presidency.
ARTICLE NINTH.
n the @ s a
5 y GENERALLY ds1 the | ion Ct the Ron
side at such meetings.
ARTICLE TENTH.
The Board OF Directors shall have power invest from
to time the and capital Of Tie Company in bonds and
worth double amount oaed thereon They may ass
RI shs sss or
or h sF vt the
dsp eof mortgages obtained way of security
sGs p or sefm
sale upon or orders Of seizure obtained by aid Com
have been abandoned said Company for the
BILE paper do other banking operation either
able mmovabis property goods or merchandise
ARTICLE ELEVENTH.
allh
Company as shall appear advisable but the proportion Of
time Of making such dSidends shall not be Considered as or e
ing parts of the profits of the Company and in of
essencd dividend shall be until such dim
mutton shall have been covered and made the profits
ARTICLE TWELFTH.
In the yearly dividends be declared, aforesaid, the
be paid to the stockholders shall exceed
s s s1fa at npsa 9sk % p9 the ps in full
to issue certificates to the stockholders for u paid shares
ARTICLE THIRTEENTH.
After the whole capital stock of said Company shall have been
from each yearly dividend lay such part the said div
@ and d"p s a o
formed and realized be added the said Com
pany.
ARTICLE FOURTEENTH.
+ shall be the duty the President and Board of Directors
the Company published French and Fnsish
in at least two daily newspapers published in this city
the business the Company which statement shall contain rs
ng what was received for nsurSnes o nsT
ance against fire. what marine policies what
ice second the losses incurred during spe
and designating what losses have been
red by the different kinds Of policies aforesaid third
amount capital stating the portion of the invested In
curities, and the nature Of the securities.
ARTICLE FIFTEENTH.
me shall not be responsible for losses dam
age incurred by said company beyond the capita
STOCK helu or owned by him or them respectively.
ARTICLE SIXTEENTH.
Any stockhoder who shall fail neglect any install
men when ordered by the Board Directors for
article third shall forfeit the Company pre- ou pay ents
and cease to be astockholder III said Company
ARTICLE SEVENTEENTH.
No stock shall be transferred made
the books OF the Company Should sockhoder desire
transfer stock previous ofn Of the having bee
CATIONS the party purchasing provided the substituted obi
CATIONS are satisfactory to the Board of Directors
ARTICLE EIGHTEENTH.
This act OF incorporation be modified altered amended
or the sad Company dissolved at general meeting con
yened for that purpose after thirty days notice. French AM
English in two of the published in this city
the assent of of the stock represented
ing and and all such notifications alterations amend
mens dissolution shall be recorded published accodn
to law.
Thus done and passed the city of Orleans day
month aud aforesaid in the presence of N Tele
and Edward 5. Auder Witnesses whs hereuno sign thei
names with said parties and notaries.
The original is signed: l.. H. PLACE,
LABORDE XIQUES,
JAMES d. DENEGRE.
and others.
JAMES n. TELLER
EDWARDS AUDLER,
- EDWARD BARNETT, Notary Public
certify the foregoing be the original Act
1I ,.a