New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-05-25
INSURANCE,

Of NJ. G s.e os SEW S.
in the Lord Thousand eight hundred and fifty
s Re "a
duly personally
a sss syn Sss s h S s
ions Of the statutes Of the s;ns Of Louisiana relative to the
hey ar
S Ss SRa oc% sna the e
., ARTICLE I.
This Company shall established and domicilated in the
Of and shall be known and DESIGNATED the
its business SO soon as one epta stock sai have
@ as SsD H s lis ' s shos be- s"
dated by 70 Of at least o. the members of the
and the of the Company on the margin thereof and the
ARTICLE II.
The objects and of this Company declared
FrsTo make insrances dwelling houses stores other
buildings household furniture merchandise or other property
SecondTo effect upon vessels freights
5G" & S d s6sG nd com
dences debt botmry and respondentia Interests and
Or nend psks And to eect
every kind insurance upon every and a" insurance objects
Ana this Company itself to be rsn n ssanst
The President or Secretary of the Company proper
p pany Oh WHOM serve ''''0" " '"'' "S'' ' ''A
| ARTICLE ILL.,
capital the said Company shall be three hundred
thousand dollars divided thousand shares OF
one hundred d"HTs each for which each subscriber shall pay
upon the first Board Directors and for
The com"s for an an equal amour. sas and payable
witch said cash and receipt shall be given by
the President and of the Company and payment
G h The M their y
mn the fu amount of his subscription in cash. in Which case he
be allowed interest at the rate of esen cent
The The capital stock formed shall be considered
personal and shall be transferable according such
and under such restrictions the Board of Directors
And no stakeholder shall in any event. liable for
Company beyond and above the Of his subscription
ARTICLE ".
b6 as nse @ hal. he S.ss
and authority to appoint such officers and clerks as they may
stockholders the rS Monday of June in each
French English the public papers published in
lie second Monday succeeding their eetSn hold
elected Ba Should such happen from any cause not
to take p lac as 5 @ h mot G e tint
Office Shall continue until their eec'ed
IN aeE snf' for s So
plurality the actually cast shall be considered duly
elections each stakeholder shall have the right
eS Ts i've shares he own "Sdd
individual firm Or Sp n",d ha ever ba be entitled to
have the rght 10 vote may been trans
TS onr H at s first
int az e b a o h
his successor is elected They shall appoint seeTe AIRY an.
for the proper the ears sompany
The President shan preside at all meetings of the Board
all meetings Of the members Of the omBay and he shat
conduct The business Of The at The
1t the policies of ,nre which shall aso be conntesg ed b.
the board a; often as in his Judgment may or cS
Peient tor the interest Of The company But there shall be
and detailed statement of the affairs of the shall
+ always be open to The Inspection Of The siocEhodcs
% Te Board Of Directors sn@l fix the Of al" tn
shall invest the profits Of the from time to time
bylaws they may deem necessary and convenient Tor III
o @ s he " SGn1fn y
nj lions they shall fix e rates Of premium at weh insurance
4 Go and to III ali vs6ce G" out @ ~ he r
h IND IN case Of absence or sickness Of he President they Sha
have power appoint Of their members Cor
TO "ns such aSe or Sickness WHOM a yeeo the
tine all the duties and powers Of the President.
following ing snS:s5S5s s$ COMPOSE
ID P Psir ,5,T p A. ii j. + Elliott T. Giins y E L G@
tn Until the second MondSy June eighteen hundTsd hirs
:, eight Os5 until their successors duly qualified
+. ARTICLE V.
i'd expiration Of every six months from the organization
lie the FIST Board of DIRECTORS shall he the duty Of the officers
s COMPANY under The .pefyso 9 of the B"Htd Of
and Secretary of the Company showing what amount Of
ii Which shall deducted losses and expenses
sufficient sssrye Ihni be retained Tor "neNpeG Ill., The
M forming contingent fun, as hereinafter pr
ah Sch fn @ Sd iS" ?
divided among the stock odera, and paid hemin cas
o. ARTICLE VI.
lie shall be lawful for the Board of Directors to invest the fun
OF the Company in bonds aud mortgages on uincumbered
fgr.on They may also ;he funds Company
stocks created By under The laws Of the United snes Or
~ stocks And the Board of Directors may generally invest
h fGR1 @ S !N % at @
ed chnre or to the %s Of this She and al" loan. on pledges
OK rhe Corporation prohibited from holding real estt
BY the "ard Of 6s1 &c % @ majority OF the
of S isa ard Of I Dfsco to"g he
ed any property wich may be morgaged pledged the tompa
OF 1 Ky Gpny But ha he her
he S nGn Pey w a s Gn TO GMsf
nd purpose specially convened should consent that
ARTICLE VII.
NJ fund.- to be called the contingent Fund" consisting Of
lar %nsd for that pnrposc provided for i" Article ) and Of
that nay he received under the provisions Of Article
not be "n & tor the G ] oE q ss" "s[ ts
until shall hundred tho
and a 1 which F the 9"ey So d M
time and in the an manner AS the seinannun dividends
al And The ,aid of hundred thousands dollars M
always be held as protection to the capital as well is the
md ARTICLE VIII.
" At THE expiration Of this Charter sooner if ordered BY
pany shall be pnlatei its debts ID and The assets iyi,
the TG" "" v ct I s
This of incorpor ton may be altered and amended b.
les Of ins soskholsrs convened for a pnrpo;s noy,
ner e name, and respective interests of the parties this
ere decla ed to be as follows t2-wit z,o
E ESSns F Or f%s %nS @ ty s.rs h"es
eet James Deucge fifty shares
oo fellOwes Co, fifty shares.