New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-26
INSURANCE,
STATE OF LOUISIANA, CIT

INSURANCE.
STATE OF LOUISIANA, CITY CITY, or OF new wv, or
% 4sS s'a!S
IL and for lie Orleans Louisiana aforesaid
@
State of Louisiana" ass the 81 the e ns
in they have agreed and these
my FORM into leo sopo
and ons s to sane AND under the
ARTICLE FIRST.
Ts s n 81 sg% aS
dome is hereby established in the city Of Orleans
ss een s @
ist five years from the date thereof 1t shall
Of and for an inscription the name Of the Company
ARTICLE SECOND.
objects and purposes of the Company hereby declared
LIST To make assurances dwelling houses stores
end every other of buildings household fur
ersy, against loss or damage by fire.
seamboa and other vessels freights goods wares mersan
die gold silver bank notes bills Of exchange, and evil
against all maritime inland risks upon
effect fire. marine river and life insurance any
The Company may against any risk
upon which shall have made insurance and all citations
5 s the
manner hereinafter provided for.
ARTICLE THIRD.
The capital Os Of said shall be two hundred and
S be- s
manner following, towt -
of the President upon the organization the Company for bust
ness The sum twenty dollars in cash on each and share
Company for the remaining eighty dollars on each share
in such manner a" the Board Of Directors may deerine prov.
yaed n" tn. same sh" be made BY & Of not more
apo,y Board Of Directors and forty days no.
be 5 g ss % 1s I
thousand dollars as hereinafter provided for.
ARTICLE FOURTH.
t corporate Of the Company shall be exercised by
sGstS of "sy o ct | @ be lee on
notices p such election shall be given in least daily
Immediately preceding election the french and Ensish
languages The Beard shall appoint three Stockholders Inspect
cline fail to attend the President shall appon, others
the Monday Of month Of July and to hold the
@
day s ass here Ee a due sc soh n Pt9
els Moreno I all Of this city, are hereby appointed Inspectors
TO- senr @ sa nnS ha r
until the fourth Monday July eighteen fifty
I'M sha Sss persons
d Elected and in III. no eeeon
place the day aforesaid the President shall another
election take place within days thereafter and give notice
Each and every stockhoder shall be entitled either person
they respectively hold provided that individual
than twenty after the first Gle any share
eryed him them within ninety days prior said election
ARTICLE FIFTH.
time Of the expiration Of the charter Of the Aforesaid
hereinafter provided for the affairs Of said company shall be
qudated its debts paid under the charge and
who shall office the final liquidation Of
ARTICLE SIXTH.
The boaTd of Directors ,H at th1 rs meeting in eveFy
dent who shall hold their office until their shall be
elected.
! ARTICLE SEVENTH.
No shall be capable of being elected Director Of said
Ge a9 at d s tine of his election and 6 d If
house Of which he may bel partner at least ten
| ARTICLE EIGHTH.
The oad of preeoTS sa have the to appoint such
Quoting the OF said Company ordain by
laws rules and regulations they deem necessary for the
e with the laws of this State the true intent and meaning
They shall Ak the cqmpena9n Of the officers clerks and
poyes elected or enPoyed BY them the TIE Com
occur in their number or the Presidency
The President shall sign all policies and president all meet
ings the Board he shall conduct and the business
Directors i'll OF his absence, the Vice President shall pre-
ARTICLE TENTH.
The Beard Directors sha haye power to invest from time
mortgages encountered aud improved real estate situated
the tar,h OF Orleans which in every S.se sI be deemed
invest the profits of the in any bonds or stock
oil the HlteI ms OF
OF Gs state or make loans on pege o any Of me
9e oo os 0a fSk my sr nave PSwg[ 10
Pessl for security or Of property conveyed to them IN t
sale upon Judgments orders Of by
Psny or Of any property movable or mmoyab which may
erations Gifts business but nothing herein contained shall be 50
bic paper or to do any other banking Gpernon nor either di-
Gy or indirectly TO deal or trade IN buying or selling NOV
able nmOvable property goods, merchandise
ARTICLE ELEVENTH.
Yearly dividends shall much the profits Of the
nm received on rss which shall not be terminated at the
Ing of the profits the Company and of loss
THSs SP sSs be an such S
tuition snail have been covered and made up by the profits
ARTICLE TWELFTH
Is the yearly dividends be declared aforesaid, the
be paid the stockholders shall not exceed ten
e Gf al b h s1 ny the Be1 %
to issue certificates the stockholders for iul paid shares
ARTICLE THIRTEENTH.
After the whole capital stock of said Company shall have been
from each yearly dividend by such part Of the said diy
@o ndeS and y sha have S
and realized be added the capital stock OF said Com
ARTICLE FOURTEENTH.
II shall be the duty of the President and Board of Directors
the Company be published in French and English
least one month statement under oath
the business the Company which shall contain first
flying what amount was received Insurance.
against fire. what on marine policies pol
of incurred during the year,
cfng designating what losses have been incur
by the different kinds of policies aforesaid third, the
fcgpa stating the portion of the same invested in Sc
I cnrities, and the nature of the securities.
ARTICLE FIFTEENTH.
The stockholders shall not be responsible for losses or dam
incurred by said beyond the amount OF capita
0 stock held or owned by him or them respectively.
ARTICLE SIXTEENTH
Any stakeholder who shall fail neglect install
when oreeby the Board of Directors provdedto for il
article third shall forfeit the Company all pre- ,ious
D and CEASE to be astockholder in said Company.
ARTICLE SEVENTEENTH.
No stock shall be transferred such transfer be made o.
the books of the Company Should stakeholder desire
transfer stock previous tonl payment of the having bee
made he shall be permitted to do by substitute OF the obj
cations of the purchasing provided the substituted obi
e gatious satisfactory the Board of Directors.
ARTICLE EIGHTEENTH
This incorporation be modified altered amended
sai Company dissolved general meeting be
for that purpose after thirty days notice, in French
English of the IN inns CITY, ana VIII
such notifications, alterations, amend
dissolution shall be recorded and published accorn
y, to law.
Thus done and passed the city of New Orleans the day
and Edward S Audler, Witnesses who hereunto sign thei
a names said parties and we nOaries.
! The original is signed: H. H. ILIAt H.
LABORDE & XIQUES
JAMES D. DENEGRE
and others.
i JAMES n. TELLER,
EDWARD S. AUDLER,
EDWARD BARNETT, Notary Public.
certify the foregoing to be copy the original act
office In faith whereof these presents
der signature and the impressed seal OF office at the Git
f | Of New Orleans this lith day of April, 1851:
Il EDWARD BARNETT, Notary Public.
l. The undersigned Recorder of Mortgages for the parish an