New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-21
ENDURANCE.

si75ts&4y MN III h AN GEs
,,.,.,.,,,,,., !. :, 5,Is,;7 a.
= LEANs&Be It Known INT on ths eighteenth day Of Nav
II , vaar r. amr fnr na io,sNnd eioit bnndraJ "a
and Of the 81 the United States
s hs ss s o ey Ns% ~
leans Aforesaid duly commissioned and sworn personally
scrised viz declared avan II s ns
ions Of s & Of hs s at G s lam relative to the
s ass these e haxe
no sSs KY a to
h hons md sha the puA0n esna
n III 49, I'M ,,uT,, t'I.l#l
This Company shall be established and domIcisted in the
city OF Sew Orleans and shall be known and designated by
IT, business 50 soon half q rs capital have
Dee unsGtDen ana shall exist during twenty five years
dated ~ vo G nj ~ o fa rs shoa De sooner qIi
Ct Company The s
device '''' shall be a star" Anr,o1, n
The objects and purposes Of this Company are declared to
be E,r.. =, u,,,,. ,..,......
d. nsuanees upon vessels gh
stea,nboats. goods merchandiso specie bullion
and "es
@ Or e. see
every kind Of every and all insurance objects
s' Go%psny may cause to be rsnd against
any nix upon which it may have made shall make
The Or Of the Company shall be the
p'ny' ARTICLE Ill., FJas
The caps stock Ct The sd a s shall be three
one hundred dollars es which each %hse5bs
on ane ano"n, 81 NJ ~ % S
o ossnes he furnish d h ss
eight twelve months
IN saa es ~ III resep sma De given by
Of the last Of said three notes the IS shall Be entitled
Si idd th.t shall he Iasni w
sba he allowed Interest AZ The p;e Of se @ eMe ne
an %Ss . on such h ' nsn;,a stock
personal md shall be aceons
sis sps under such restrictions as e Board of Directors
the Company beyond and above the amount OF his Subscription
bv s ae Of TIL osy shall be
deem necessary Said Directors elected from among
such Of shall der !" a s c
Of New Orleans which days notice be given il
city Directors elected are 10 take heir on
same during Year beero or until CO Ss e
elected But should such election &c, hapen from
dissolved hut tie Bosrd Of Directors III en
qualified which shall be Within the shortest posse da
plurality of the votes actually cast shall be considered duly
eg i 1; ,,c,;ors s.t s,ooh,,,.r s,., ,,r. m ,
by proxy as we'll AS in person. and he shall be entitled to
every five shares of he may own provided
than twenty Votes And PROVIDED also that no @ @
have the right to vote upon stock that may have
The Board of Directors thus elected shall their first
body President shall hold m seat until
his is elected They shall appoint Secretary and
fer the proper management, the affairs the company
The President shall preside all meetings of the Board
Conduct he business Of he seueraIy gn ne
vision of the Board Of Directors il Snail he XII dv IN & all
the policies of which shall counersis by
mi her
peden the Of the company shall be at
and stas1ent Of the the M ms ie
submitted to them for % and spsh shall
The Board Of Directors shall fix the compensation Of all
he pr q he % one 5 70 mr s
hereinafter provided or they shall power to adopt such
by laws they deem convenient Tor the
proper the company contrary this act or
tons they fix the Of premium at which
shall be effected by this and they shall power
corporation that may occur in the Board
have appoa Of own members @
provided he be member of the company TO ACT in m sead
time ali the duties and powers Of the President 'a'
inc @ goes int the
horne and + Bevi,e Who's ft t n Sqaea w. = g. Giai,
% ss sGon1 9na OF June eighteen hundred AID fifty
,S' >''' . ~ ~ ARTICLE 1s' w s' '''' SA'''NS0'
Atthe exp;ra,ion of every dix from III, rs
he A board q presoI BE- hs duty siesrs Of
w st ol the board Of directors,
~ cause an 70 De hoe ana sworn 10 ny the President
nra 81 e G9Pny %hs earned
wlc hall a aao eoe,'tu annS that Time from
Wnc sh ne Tue hctuhi losses and expenses and
ont or The net nroHis 80 made ~ @ & haen
uhea .o"aras iunn as hereinafter PRO
. ~ & ~ ot Sa e per cent. OF shcD prohts be
;d mn, sun il' ana me balance snail be
~ i vac e say '''"'''Ne'e anu pau 'he'h III cash.
ARTICLE VI
Tt shall he lawful for t,a Road ~ nir.,. .. A.,
of the Tomnanv in bonds and s
They m"W also invest me e e a and JEFF
IN az, NC ~ =; ~; W Awe OF me oh,ed States or OF
Vi -, 3D. ma; upon ile ny OF susn
fnnds Of t;s Cnmnany T., on, nann s invest Ie
IN MY my y uesin nost "a
10 10 the provisions oil th
H., n , " @ snte, ana All loans on pledges OF
The CORPORATION is nrobiLited sronn ho,di,,, o WOO, ,.
save such hndin, as nav ha GenT hE any real estate
nv the HOARD Of Drertors md n, aor;, ~ ne anu
he used rs III. Office Of The tomnay Sro;;ad y
the BOARD Of Directors thrn"sl & ;uet' however, tna
any propprty wcb may he nnrSayaa ~ ~ ~
~ my ieeh aae VI ne S''ei ~ the OPINION the interes
]" % No'ny eile II: i5ut u snail be their duy Il
nrie pnGx f I'M .ne NOT 70 exceed on
sxnre.s nurnose sneev rnnvened shn,rd LOT 'na
same be held By the Company 'A'u'u eonse' INA" Int
.pr,c,pr,,
hhiloLE VIZ
There shall created by the Board of Directors
fund TO be called the oninpent Fund cnnssti,r Nv
for that purpose as for in Ar pf eI s0d 81 re
not he ,om"I.d ct a. t And this nnd shal
mums and ali other cash fpds sb III I M S ",e e pre-
until said Contingent fund ha anonn T., oge
aud dollas after which the moneys So annrnpratad iii @