New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-06-15
INSURANCE.

.. INSURANCE.
CTATE OF LOUISIANA. CITY OF NEW. OR
this eighteenth day 4 MY MY
ths q the United STATE. e. Amer
leans aforesaid. duly commissioned and sworn personally
ss1s
Ct s % ss as
these presents covenant and bind
seH
,ss s sas SGa n
~ -+-l4r5 ARTICLE I.
This Company established and domicilated in the
and shall b known and designated BY the
business l h , s9S sh.
ss 5 sas srso
dated at Of device the neon hs 81 the
ard The Company on the margin thereof and the
gT.'fE55 III ARTICLE II. Ia
The objects purposes of this Company are declared to
Firstro make dwelling houses stores other
buildings household furniture merchandise or other property
SeeondTo effect vessels, freights
ss nc,s 5 Of saS
debt bottomry and repondeata interests aud to
mans s an pks
kind Of insurance upon every and all oecs
itself g be ha sss
upon winch ~ may nave Haoe VI
The Secretary Company shall be the
whom citation in all suits against the Com
ARTICLE III.
The capital stock Company shall be three hundred
dollars 70, which each shall
Is. ssE e nna for .S
Company for equal amount each and payable
respectively four eight and twelve months from their i date for
the President Of the and upon
certificates for the Of their
S s be to in we
allowed interest the of (sevsn) cent
The shares in the capital stock formed shall be considered
and a9
| prescribe =, :, ,,,, e. ,,... 80
the Company beyond and the subscription
| ARTICLE ".
the Company shall hall be exercised
agpG"t such ss I'd ss.s s
such place Board oi Directors shall e city
SsS 81 ss
the hs s D
during g na sa, Or their
s as s sos If as FL
qualified which shan bs within the shortest possible delay
plurality Of the votes actually cast shall be considered duly
ali elections each stakeholder shall have the RICH. to vote
prSSy a. as in RS and he be nrnEa me-
individual firm corporation shall be entitled
aSe tseng Right to
Ros Of ha ns shat. ss first
ess Ghs5 Iii
Ss elected They appoint secretary
ns s assR e. die ana
Shall preside at al meetings Of the Board and
d" e e"
IF be
the seeretay shall have The right eonvoke meetings 8
l sdsS Tor q q s s
s s %fea s Of e hs
submitted them for deberaen, and such statement shall
of all
and clerks tn S sSsa By n mI To The
hereinafter provided for they shall have s.op sasl
proper The contrary ths act
@ .6. IS ate ss TO @ an ws
shall effected by this company, and they shall have
and to III
And Of @ @ s e
provided he be member Of the company to sc in his eat
time a the duties powers The President
following named subscribers shalt COMPOSE the Board
,1 TSrs" E Bpss & o .ogSP si
sh9ss s {, ssSy,s sIs so1, s
eight QS5S) until their successors duly qualified
ARTICLE Y.
expiration Six months from mt G[ "a dtna
this Company under the Of The Board Directors
estimate be made and sworn to by the Pesiden
premiums actually received during hat tine
snicien reserve shall unexpred risks Their
Of the ns1 S BE
for @ not f than ten per ,S cent sn pG
the stockt oldcrs and paid them cas
20 ARTICLE VI.
1t shall be lawful for the Board Directors
improved real estate situate in the parshesof Orleans and e
ansS s oFpi
this State Of this city and may loan upon the security Of f
Of this Company manner they may deem most
e%rseT or the laws q and loans pledges
its own stock are specially prohibited st
SUCH aS any
@ Of e . Sa majority era h SeneSs
Board of Directors through The President may Pnrcha
at aps any Hf ipcad sale s1m Opinion
of e n 4S fe @ not &c
unless majority Of the At meeting for II
By compan ''' N
At ARTICLE VII.
shall be created by the Board of Directors
~ fund called the contingent Fund" consisting Of
G, that s Ss As & and Of
III and from any other sources premiums And this fund h
be touched except for the M Of Losses s after the
contingent fund shall amount to two hundred tho
@ ] sa h soa So %
lis and in the same manner as the sem-annua dividends
In vided for in Article g. ,
n always be held protection the capital well as the
sured.
eS, ARTICLE VIII.
of the espiraon this Charter If ordered by
OF stockholders the affairs of This &c
IN pany shall qudated its debts paid and the assets diy
Charge and superintendent OF three commission
purpose by majority of the stockholders
of This ncorpor ton be altered and amended b.
OF the stock represented at special
Ell ing stockholders convened for that purpose proy
three fourths OF the whole
the cap Il stock of said Company.
leo The respective interests oil the parties 10 TINS
,., are declat ed follows, to-wit
oh Placle Forsa hundred shares. Sl0
The Edmond j. Forsa fifty shares
James D. Denegre fifty shares
hts Feowes & Co. fifty shares.
shares.
III j. p Whitney Co, thirty shares.
ard WRrueken Krchoif thirty shares
Thorphll & Co.. fifty shares.
Duncan Logan. twenty shares
the Buchanan Carroll Co. ten shares
sJa j. NJ. Taylor, shares.
~ VIM Prehn, fifty shares. .........'''.'
nd Bernard Kock Co.. twenty-five shares
ha w Boga nifty shares
ne H. T. Ionsdale Co. shares.
ass Samuel smith It Co., twenty i've shares
' r, twenty shareS... NEUTRALITY-SUSPICIOUS..
red Brown, Johnston Co. Gfty shares.
Schmidt 4 Co fifty shares.
l.. H. Forsall, ten shares
in j. b. PlaHche, Jr, ten shares.
" Martin Gordon, Jr., ten shares
or G fifty shares
hoo J. T. Beyle, fifty shares.
lies Shelby, Seymour Il Co., ten shares.
chit q. W. Dunbar Il Co shares
f. Marquee Il Co. ten shares
he Ietchford Co, ten shares.
h r. b. Mul en- five harrs.
HIS Giguel, twenty five shares.