New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-06
INSURANCE.
CTATE OF LOUISIAN A,

INSURANCE.
STATEs OF LoUIsIAHA CRY Of NEW m y, OR
seven indepsndence The United q Amer
a shs @ Ns
leans aforesaid duly commissioned and sworn personally
% "
eas,os q Corporations in this State they have
these md hind
into constitute and establish an 1
iions and obligations following, to-wit:
ARTICLE 1.
This Company shall be established and domcaed in the
nae stan Il
its business half Of it, capital stock Shall have
SSs tie date hereof ness its be a
Company Ii shall have with device upon the same
and the name Of the on the margin thereof and the
ARTICLE II.
The objects and purposes Company declared
First-To make insurances dwelling houses
buildings household furniture merchandise ether property
secondTo effect marine upon vessels eight
missions profits bank notes bills exchange other evi
Of debt botomry and respondena interests and to
marine or inland transportation risks And general
kind Of upon every and all insurance objects
And this Company may itself be rensured against
any ri upon which may have made shall make insu
rance.
Me-
pa1rS'
capital stock Of the said Company shall be three hundred
dollars to be divided into three thousand shares of
upon ont ths S Of the Directors
balance he furnish his three several pomissory the
order o the @ & EQUAL r " M a @
ths @
certificates stock for the amount Of their subserponspo
@ S Of his as in Witch case
shall allowed interest at the rate of ese per cent per
The capital stock formed sbhl be considered
property and shall be transferable according TO such
And under such restrictions as the Board of directors may
the Company beyond above the of his subscription
/ ARTICLE ".
Of the hiss s, shall be exercised
"pp d 1so Ss sn be r. as
tie soekhoders on the Monday june year
such the Board Of Directors shal! designate in the
in ,t the R ses;.
e second Monday succeeding their election and to
during @ Or n,npt their d
place s s "r If ss S tqf
office shall Continue no until their elected
which shall BE- within the shortest poss s.y
plurality Of the votes actually cast shall be considered dull
elections each stakeholder shall have the right vot
Vel shares % soa he e as s ptne
one ndivdua firm corporation Shall be entitled
hsSs i've vote p 1sS
h.ala 1 nys s
ST s SHs sSs s 's
s @ s sx e. s sna
Tie President hall preside AZ meetings of the Board IN
al e sa G Of e at hs
the sbs shalt s d S 81 his a SGD
Secretary He shall have the right 10 eonvoke meetings
sS he s'is" lie
he F,ssd mouth ont at which Las. Gle;
submitted them for deberatiou and such statement sha
CT tx of
and clerks y d., elected By rn s m The
hereinafter provided for they shall have power I? ADOPT sue
ii proper company contrary this
this State relating to The in Of
shall effected by this and they shall have power
eorpeion and to fiji ali that may occur Boar
And in case Of absence or Of The presde der neg
provided member of the Company act il, his stee
an me III the the dS ui and powers President
n sst SpssDp
> Srs, oTIt: + For,al y Bpg.tt z Y Logan Ir e.
b borne and i' Bsy Whose
until Monday OF june eighteen hundred AID ft
eight (S5S) until their duly qualified
!, ARTICLE V.
expiration Of every six months from the organization
hs fist Board ct @ @ os f1 The e eu Of
10 cause an estimate the Preside
ssS!shIs HS during
a BE @ s @ Se spd s
the net profits so me Dna Poton h p1
sss S 5 per as IF "s psH
r. divided pro the stockt oders and paid hemin ca
en- ARTICLE VI.
ITS shall be lawful Board of Directors invest the fr
Of the @ IN o01 sa a.d M orleans
en- They also invest the funds of the Company III
state city and may loan upon the ssnry Of
"n Of s o an. anns ma y y deem
vantageous interests not contrary to the provisions Of
OF o, isown stock specially prohibited. 1
my save such building may advisable and
by Directors and majority of the stockholders
the f "
py sT oFcs w,f e ne f. IN the
of the Company should require it, But It shall be their d
the year, Tie stoskhGldsSs meeting f.
''s same be held by the Company.
ore ARTICLE VII.
ire fund to be called the Contingent Fund.- consisting
o ss fG o
that be received under the provisions ct Ac
be lonssd for The Of 9sses e the
in n said u M fund Shall amount to hundred til
and e which the moneys so a t h
e and in the as the semannual dividends
or And the said fund hundred thousands dollars
always be held protection to the capital as well as thu
ex- ARTICLE VIII.
the expiration 20 Of ch5s or @ a, oTds E
m pany shall be qndated, paid and The assets div
e under the charge and SUPERINTENDENT of three Comnsso
a His i"corpoF be altered and amended
and n s stockhoders for that purpose
such stock amount to three fo"rhs OF the Who'll
Tie names and respective interests the parties THU