New Orleans daily crescent., 1857-06-08


and the impress Of my seal at the City of New Orleans
eT7 ' u. q. GoTTsCHALK, Not Pub.
ass iss s
been recorded this day in his Office in Book Society
signedl JOHN HOLMES, Recorder
4 aa n s1ax 1s ssg ap 2h
the year Of our eight
ss aS @
@ % sa and peFsea
the parties eeunto subscribed who declared
State hosana relative the organization
pr sS IND and os whe
they form themselves into and constitute corpo
and regulations following, that is to say
ARTICLE FIRST. ..
TS
81 a oon me a % Ky s now o
thousand dollars shall have been subscribed for and shall
corporate seal having device of of the State
OF Louisiana and for inscription the name OF the Company
ARTICLE SECOND. .0N
The objects and of the Company hereby declared
ls To make insuranee dwelling houses stores cotton
nture goods wares merchandz machinery and other prop
ID To make nsurances upon ships and other vessels,
seambGa's a and other vessels @ goods wares mereha
denees Of debt commissions, profits bullion money, and
effect fire. marine river and life insurance of kind whaso
The Company itself be rensred against risk
tees and other legal process wherein the Company may be in
be served The President to be appointed the
ARTICLE THIRD.
M The Gap os 1d Gompsy shall Be hundred and
of hundred dollars EACH to be paid for at the time and the
The subscribers the said Company shall into the hands
IN
subscribed BY them and furnish their notes to the order Of the
BILE demand the office Of said Company such time and
s as G1a T ay Of no more
than twenty dollars on each share at such periods as may be
tee, Eng:h least two the daily papers
e '' 3 s and S
d9nrS may be to the five hundred
ARTICLE FOURTH.
All the corporate the Company shall be exercised
the Monday # Jay eseh of
published a this city, and continued for ten days
@ a said II the French and English
oTs at such eecsns and Of said Inspectors de-
n IN se G sea M t. T oa s Sas % m s e a a to o
the fourth Monday Of the said month of July and hold the
and qualified The first election shall take place Within twenty
anGSS snd Fran
els Moreno & a OF this city, are hereby appointed Inspectors
be the 5st IT, pasc1rs % Of said and shall rem il Of
eb s n o mil s 9h sT Monday IN sd
In all elections the votes shall by ballot persons
n I ap M and lin IN The Of no esGon taking
election take place within days thereafter und give notice
of I'll the same as aforesaid
or Gy proxy to for each and every share which he she or
hs be- entitled to @ greater o nmSe Of Ss
than t.en nor 70 vote aer the first Gle ton share
ARTICLE FIFTH.
At the time of the expiration Of the charter of the aforesaid
hereinafter provided for the afrs Of aid shall be-
rs 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 successors shall be
ARTICLE SEVENTH.
No person shall be capable Of being elected Director of said
his continuance in Office hold in lis own or in that Of the
commercial house Of which he may be partner least
shares OF the stock OF said company
ARTICLE EIGHTH.
The Board of Directors shall have the to appoint such
ducng of Company ordan such by
Of aid Company provided the sane sa nor M cn M
ct with the laws of this State the true intent and meaning
They shall fix the c9mpepsaon of the officers clerks and
a eo se pows S m IN ali S yseees c e Gm @
occur in their number or in the Presidency.
ARTICLE NINTH.
The President shall sign ~ policies, and preside meet
ng of the Board he shall and manage business Of
Directors in case of his ABSENCE the Vice President shall pre-
| sue Al huCh meetings.
| ARTICLE TENTH.
The Hoard Of Directors shall hase power to invest from time
He ep a" y ea m a IN
the parish OF Orleans which, in shall be deemed
. h pG @ of the % @ j. @
Of this state or make loans on pledge of Of the
aforesaid securities bonds stock They shall have 10
disp Sc Of mortgages obtained by of security of stock
If f 5s % 70 ss Il in s
sale upon Judgments orders Of seizure obtained by said Com
pany or Of any property movable or mmovabe which may
eraons oits business but nothing herein shall be
bic paper or to do Dpv other bnkn prnon no ehep
recy indirectly to deal trade in buying selling
ARTICLE ELEVENTH.
Yearly dividends shall the profits of the
n IS % sk wch & sr In" not q
ing parts the profits the Company and in case of any loss
oloes whereby the capital stock of said Company shall be
mutton shall have been covered aud made up by the profits
ARTICLE TWELFTH.
amount be paid the stockholders shall not exceed ten
ihe credit Of unpaid stock acroun Until the same paid in full
when shall be the of the Board Of Directors
to issue certificates the stockholders for iu paid shares
ARTICLE THIRTEENTH.
sd m the the Tno ns s "a HS Of @ said @ & G hay m
from each yearly dividend and lay by such part Of the said dvi
aen. as they may deem until Snrpns nd not more
realized added the capital stock Of said Com
ARTICLE FOURTEENTH.
shall be the duty the President and BOARD Of Directors
OF y
the Company to be published in French and English
in al least two daily newspapers published in this city and To-
the Of at least month"; afull statement under oath
the business of the Company which statement shall contain frs
the of premium received during the previous year.
cifiu what amount received for life insurance. for nsnr
against fire what marine policies aud what on river pol
ces second the amount of losses incurred during the
cn and designating what amount OF losses have been incur
red by the different kinds of policies aforesaid third th
ocapta stating the portion of the invested In
cures andth nature of the securities,
ARTICLE FIFTEENTH.
The stockholders shall responsible for losses dam
incurred said company beyond the amount OF capita
stock held or owned by him or them respectively.
ARTICLE SIXTEENTH.
Any sockholder who shall fail or neglect to any install
when ordered by the Board of Directors provided for
article third shall forfeit the Company all ous payments
aud cease 10 be stockholderin in said Company.
ARTICLE SEVENTEENTH.
No stock shall be transferred unless such transfer he made
the books of the Company Should amy stakeholder desire
previous oful the having bee
made he shall be permitted do by substitute of the obi
cations Of the party purchasing, provided the substituted obi
, | gutions satisfactory the Board Of Directors
ARTICLE EIGHTEENTH
This incorporation be modified altered amended
the taid Company dissolved general meeting TO be
vcned for that purpose after thirty days notice in French
English two of the pushedin this CITY, and wit
ourt of the stock represented at such
ing all such notifications, alterations, amend
dissolution shall be recorded and published accordn
, | to law.