New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-31
INSURANCE.


4 INSURANCE.
STATE OF Hs :, LOUISIANA LOU CITY OF NEW OR
and Of The ,i, q the United States
for city Es9 Gr r"agn, ~
sans aforesaid duly commissioned and sworn personally
q sf ths
OF s ss @ s
agreed and DO by these presents covenant agree
liz" 'p''A'''n' f'sD'
Il ARTICLE I.
@ BE s. sd and md in s
name Of The Star Insurance Company shall
s ss ct a @ 81 s n q
Company It shall have seal with device upon the same
the nsm Of ss Company on the margin thereof and the
ARTICLE II.
The objects and purposes of this Company declared to
make stores other
against los. Or damage dam, BY ss
steamboats, goods wares specie bullion com
Il and e ps
make all and insurance appeaning connected with
kind Of upon and all insurance objects
And this Company may itself be rensured against
risk upon which it may have made shall make nsu
am % shall be The
pany.
The capital stock the said Company shall be three hundred
thousand dollars be divided thousand shares Of
dollars EACH 70, which each sSsober shall
Organization Of first Board Of Directors and for the
Of the equal sae syas
which payment receipt BY
e % 5 the %
certificates of stock for the amount Of their
up The Of his subscription cash. which
shall be allowed interest the rate Of eeven cent
The capital stock formed shall be considered
and under such restrictions the Board of Directors
And ockhoder shall any event. be liable for losses of
Company beyond and above the amount Of his subscription
ARTICLE
Board Of nine Directors which Board shall have
deem necessary Said Directors shall be from among
the a a m @ fl a Sas in each yea
Of New Orleans Of which ten days notice shall be given in
city, and 4 sfs S Sas sss
esSp n Monday sa1 h Or @ s and to h 5
elected But should happen from any cause o1
@ sS sS S ri then
sssd a fsR hs be s The ps
and in elections for those persons receiving
"ad Of the votes actually cast shall be considered d"
Se r9 live Of he ne sH OWE ne pnded
individual firm corporation shall entitled
twenty And provided also that Shall
erred to him within ninety prevoas to an election
The Of 6 5sa hGs shall Ct their first
Of their body President who shall hold his until
e they es s2s
The e s the nssns The be
all meetings Of the members of the ompany and he shall
the Secretary shall light meetings Of
the Board often as in his ndgment be
least meeting Of the Board every month which clear
to them for deeuo" and such sfasen shall
a TS Ss s e s sa & the Of
and clerks employed elected by the company They
@ they
s $ S @ copa a tor a
the Of this State relating The organization Of corpora
shall effected by this company they shall have
Go and a S ba 9 9p ne f
And of absence sickness of The President they shall
provided he be member of the copanyl his stead
time ii the He and the President, DC
hSg s h R osi@ IT s
toTit r For;tal, v. Bogart, & ~. Logan, j., b g
borne sye Whose term q sefyics sha continue
until the second Monday of June, eighteen hundred fifty
eight, (o5o or until their successors duly qualified.
ARTICLE V.
At the s5pTaoP Six months from the
this Company the supervision OF Directors
e n to be made and to BY the
premiums have actually received during that time from
sufficient shall retained for uneSpired risks Then
@ ne P 5n SO a a be
viied for provided less than per of such profits
divided pro the stock oders paid
ARTICLE VI.
II shall be lawful for the Board of Directors the fund
OF the company i'll bonds and mortgages nncumbered
real situate the parishes Of Orleans and JEFF
under the laws Ii the tn a ste
'
funds of this Company they may deem
charter or to the laws Of ibis State and all loans pledges
e poed rc holding any real
m M nay ID be and
Be used ths qfee q The Company Provided however hs
] he
at any forced sale Of The same f in their opinion The
resell such properly within reasonable time on
express purpose Specially convened should consent hat The
. same be held by the Company.
+ ARTICLE VII.
Be- hs gsd Of s
proportion Of not less than profits re
S s
be @ % And @ sa
mums and az other cash funds shall exhausted
and dollars amer which the moneys Appropriated iii then
and in the same @ e n
And the said hundred thousands dollars shall
always be held as protection the capital well the
ARTICLE VIII.
At the expiration of this Charter ordered by
vote OF twothirds of the stockholders
shall be lqudated, its debts pid divided
under the charge and superintendent
appointed for that purpose by majority the holders
This act OF incorpor ton be altered
vote OF three ourths of the stock represented special
OF the stockholders convened for that purpose
suc stock represented amount three fourths
!. the CAPT al stock of said Company.
Thus done and passed The city of New Orleans aforesaid
on the day month and herein first above written
presence of Messrs sem Wagner and Forester Brrger
peent witnesses who hereunto their pare
. TO this act, and me Notary.
THE original is signed1 PLACInE FORSTAII,
JAMES d. DENEGRE,
. FELLOWES n CO..
s W. BOGARr and others.
S. WAGNER,
f. BRUGIER.
f. G. GOTTSCHALK, N. P
+ certify the foregoing TO be copy of the original
u record in my office.
In faith Whereof these presents under my sisnatur
and me impress OF my seal ooce, the City Orleans
! this nineteenth day of May 1857.
The undersigned, Recorder Mortgages in and for tn
parish and city of New Orleans ceries
If Fulios II, IL, Is, IA and Is. ' '
= LSignedl JOHN HOLMES Recorder
New Orleans, May the 10TH 1857. my2I Is lei is -
THE BAGASSE FURNACE. LETTERS PA
tent Tor the United States AMUEI H GIL
MAN of No. 81 Naches street, New Orleans under the dat
oth hnnF N1lnr