New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-06-29
INSURANCE.

INSURANCE.
Who hereunc sign their names with the parties
The original sssd fkAssP + F pssHaEH
TELLowhs CO..
4. e. sh 'gSSTFseuA1k, N. P,
certify foregoing to be true copy of the original net on
In faith Whereof grant signature
and the impress seal Of office at the City OF New orens
TINS nineteenth 0'' u 'i" L. G. GorrscHALK, Not. Pub.
The undersigned Recorder of Mortgages in and for the
parish and city New Orleans csrtihes that the foregong has
Foios il. H. IS, IA and 10. u,, ,,,, nrs po.,ra.-
New ss9 sas May the ls 1hS mysi 6 si 'ssi
9s M N sHS SS Gh
the year eight hundred and
s @ @ ssif y
the pertps whose names are hSrtao subscribed who declared
sa sSa ss to '
n 5 ss
they represent, form themselves into md constitute coTpo
and regulations following, that Is say:
ARTICLE FIRST. 49,
Ts s n 81 y
hereby established in the city Of en Sew oens
shall have been for and it shall en-
corporate seal having evce the of of the State
OF Louisiana snd tor IN INSCRIPTION the name Oh 'he
ARTICLE SECOND.
The objects and Of the Company are hereby declared
LIST TO dwelling @
ite goods wares merchandise machinery and other prop
ersy against loss or damage by fire. 49,. ,.o ..s.,s
ss n "S os S
dsnsss dsb Ss' sSss Profits SSoa D
against al MARITIME or inland l. risks risks and Upon
effect fire marine river aud life insurance Of any waso
'y Te Company may cause itself to be any risk
which shall have made and all citations no
sa be served on the Pesiden 10 Be appointed the
i'''De' 49, ''"'''s' PA ARTICLE sara i1s THIRD
The capul stock Of d Cmnauy shall he two hundred and
sr,v hoSsand ioiir. x,I ,n yann G, hunaraJ shares
Of dollars each be- pa for at he time and IN the
manner following io.wit:
The subscribers Company pay the hands
of the PRESIDENT the organization OF the Company for bust
Subscribed by Them md furnish their notes to te order the
COMPANY for the remaining eighty dollars each share pay
in such the Board of Directors determine pro
yded that the shall be made by insamens of not
than twenty on each SHARE at such periods as may DC
aSS at he
punished IN Tue CITY, shall Dc given payment Or ply 70
be made which said capital stock Of two hanrd ana hlay
,ho"and 1nsr .s HAT nassr ,rorind for " NV ~
Thousand dollars. az hereinafter provluen LOT.
ARTICLE FOURTH.
al .he cGpoate NE snai ne y
board 81 composed OF nine persons 70 DC ese'ea on
@ ~ n.S u ea ny "a, 49,, ~ n,
pubised in dix civ md continued for ten DAYS
preceiur said election in the French and English
o ~ he , s " m 81 s DE-
cline fn attend the Preent shall appoint others to act
ne fourth Mo2hay o. the sn month Of July ana 70 hos ,ae
and qualified The rs shall tuke nace within twenty
dvs from The date herof and afr ne poc as abnve nroV
da u III Ih NJ" ILL.,, r ,e - NJ, @ aa go
els Moreno r ali of This cy are hereby Amounted
said first election and the shall
acs until he fourth Monday in july eighteen hundred 8y
In all elections the shall be by ballot persons
considered duy elected ana III the event Of no election lnkhe
place on tue day the President shall cause another
eeGo 70 take place WITHIN len days thereafter aud gave noee
Each and every shall be entitled either in person
hey may respectively Sod provided ia, of ndSdaS
S " ~ uTpapy sH, o eea 10 stta,er meg o. roe
erred TO him or em within ninety days prior TO said election
be time Of 0s ex ArloaG FIFTH ~, Charter Of III.
Company sooe II ordered by the stockholders
qaied is debts paid under the charge and
Of three Com to be snoOneG BY the oEd ct Direct
the affairs of the Company ny. r,r ur,.~.u
The Rosrj or Directors sbnI nj teir fir. rea.in Il; eyerv
year elect from among themselves President and Vice Pre
dent who shall hold their Office until their shall be
ARTICLE SEVENTH.
Company Who does not at The time Of his election and during
oa1 ~ al e SS na 'n 4 ne
| shares of tie stock Of said comuany' f' " ~ "
The Board of Director, shall have the mower tn anDoin sneb
oers cirts and e,nnioyEs rs hail a scsssr ar the cn,
duciinr of The n said Cnnnuv and IN scb ~
laws rues and reslaions ns they may der s bs
government Of said Company proyidd the same shall not con
c with the laws of this Slate or the true intent and meanup
OF ths act.
udxs eeettd ar tg S he e @ cefE ana e
u " MN que service OF we Com
n a., " i ~ ' w - ~ ~ Nae'eieh WHICH may
| ARTICLE NINTH
The President shall sign all policies and preside all
nes OF Tie oard he shall conduct and the business OF
the Company generally under the supervision of the Boad OF
t III e VI MS useHee me ice resident snail pre-
| 7'Ne az '"S' A''e""s' - $500
| ARTICLE TENTH.
The Board OF Directors shall have invest from time
TO time the and capital of the Company in bonds
mortgages encountered and improved estate, situated in
the parish OF Orleans, which, case, sha be deemed
worth at least double the amount loaned thereon They Hl
invest the prohts of The Company bonds stock
CORPORATIONS of this State make loans pledge of of the
aforesaid securities bonds They shall have
dp eo mortgages obtained by OF security stock
pledged for security Of property conveyed to them in salts
iatoi Oh deps previously Contracted or purchased at pubt
s 9' VI I ny !l1 Con
S's HOO, S az ~ ~ ,, ~ ~ N'c u h,a,
peI 70 tlu .Hhsl"s ior OF concerning me op
Construed as to The ;S aonneny tn o q
paper any other banking operation nor either i
rectiy or indirectly to deal or trade In bynr or selling nov
able or movable nroupry goods wares or
| ARTIcTE EIpvENTu
Yearly dividends shall, ha nads If 40 much If H., sts NJ -,
Company as shall appear advisable hut The ponoou Of na
minus received on risks which shall mt lie erinasd
time Of making ScI diydrnis shall no, he rons;esa NJ
LOSSES whereby the capital stock Of said (tnpny shall IN
essened no shall he mnde nf Ich d;ni