New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-06-22
INSURANCE.
Witnesses who heeunto sign their with the parties
TO this act and me Notary.

T. B kuafEk.
Z. 9. GoTrscHAIK, N; 2.
n faith s NV
'''S A'''s'A'" ''' VI h. q. GoTTscHALK Not Pub.
Ths an e II a
been this day in his Office in Book Society No.
f'"'i lsisn led 80 JOHN HOLMES Recorder
New Orleans May the 18th, 1851 my2 % jel 70 "
STATE OF LOUISIANA, CITY OF NEW Or
he yar 81 our Lord thousand
as Hs es Sisi
for the parish Of Orleans State Of Louisiana aforesaid
a the aSo who
that yang the Of the hs
in they have and agreed and BY these
they form themselves into and constitute
and regulations following, that is to say:
.-y5 ~ ARTICLE FIRST. "a
Ts d s f n s % an Is
domc hereby established in the city Of New Orleans It
thousand shall for shall
m ssy the a Of Of sxs
Of sn for an inscription the name of the Company
- ~ " ARTICLE SECOND.
The objects and the Company hereby declared
lt To make assurances dwelling houses stores cotton
and every other description Of household fur
erty, against loss or damage by fire. go.
asd ohs oS SEA
dias silver bank Notes bills % and other sy y
all maritime or inland risks and upon
fire. MARINES river and life insurance Of any kind whaso
The Company may against any risk
upon which shall have made land ali citations
the u appoa
manner hereinafter provided for
.... ARTICLE THIRD.
The capital stock Of said Company shall be two hundred and
manner following, to.wit:
Of the Presdsn npoa The s,ganion Of the COMPANY for bust
subscribed by tho and furnish their the order of the
Company the remaining eighty dollars share pnya
IN sh the sos T
yed that the shall be made by inssmens Of not more
upon y s isa Beard Of oy days
Ie made which said capital stock Of two HUNDRED and iy
Thousand dollars, as hereinafter provided for.
| ARTICLE FOURTH.
All the corporate the Company shall be exercised by
Board Directors composed Of nine to be seeed on
s @ Be
in his s and % for ten
languages This Board shall appoint INSPECT
cline s 70 aend he PRESIDENT a sppoat others
he Tns os ns as y ns ss m e
sn T Iron Until hs s ss n
@ ,eE as "nd
to preside election and the persons then chosen shall
fee until the Monday in Jay eighteen huudtsd and dy
eight Or until tle, elected and qualified
receiving plurality
or he a a hs q a H
election take place within thereafter aud give notice
Each every tockholder entitled in person
they may respectively bold provided that no ndvnaI corpo
ration company shall he enitea greater number Of votes
ferred to him or them within ninety days prior to said election
| ARTICLE FIFTH.
THE time of the expiration of the charter of the aforesaid
or ordered M wee Of the soesh0des as
gadated debts paid nner the charge and s"pstnsnence
r three s Com 1 70 Dc pg'nsd 6y d 0a %
the affairs of the Company.
| ARTICLE SIXTH. ...
The Board of Directors shall, meeting every
year elect from among themevea President and Vice P5es
elected
| ARTICLE SEVENTH.
No shall be Capable being elected Director of said
his continuance in Office hold in his in that of the
shares Of the stock Of said company
ARTICLE EIGHTH.
officers clerks @nd employees shall be necessary for the
laws rules and regulations they for the
Of said Company provided the shall not
They compensation the officers clerks and EN-
pos elected Or employed by Them in the service Of The Com
occur in their number OF in the Presidency
ARTICLE NINTH.
The President shall 4gn all policies and preside all meet
ngs of the Board he shall conduct
the Company generally under the supervision Of the Board
side at such meetings.
The Board Of Directors shall haye power TO invest from tint
mortgages encmbered and improved real estate
s The
R'In &r @ Ills state e. IT,
tbs State or make loans on Psags Of any Of tn
dp seof mortgages obtained by of security of stool
IF dss or ct to them II 3
sale Judgments orders Of seizure obtained by said Com
Company for oT coDeernr he o
to e9 b son
% o TO aG ANY ether o Tsa 4 nor b either
able or mmovabl. property, goods merchandise.
ARTICLE ELEVENTH.
Yearly dividends shall be made of much Of the profits of tn
COMPANY as shall appear advisable but the proportion Of
June making dividends not be considered form
ng parts Of the profits Of The Company and in case Of any
essened subsequent dividend Shall be made until such dim
mutton shall have been covered and made the profits
y ARTICLE TWELFTH.
In the yearly dividends be declared aforesaid II
to be paid to the stockholders shall exceed
cent on the amount paid in and the balance shall be placed
Msn ss Sy k q s @ as os p 10
issue certificates 10 the stockholders for u paid shares
ARTICLE THIRTEENTH.
After the whole capital stock of said Company shall have BET
from each yearly dividend lay such part
a wo Sy e nd T scsnmd ops a d aT S
realized added capital stock OF said Con
n | pany.
t. ARTICLE FOURTEENTH.
1t shall he the duty the President Board Of Director
the Company cause published in French and Fhgs
in 1T least daily newspapers published in this city and
the term of at least month"; full statement under OATH
the business Of the Company which statement shall contain Fir
the amount OF premium received during the previous
cying what received for life insurance. for ins
ces second the OF incurred during the
cying and designating what losses have been
ID red by the different kinds of policies aforesaid third
amount capital stating the portion of the invested In
W curities, and the nature Of the securities
W ARTICLE FIFTEENTH.
The stockholders shall responsible for losses
incurred by said company beyond the of capt.
~ stock held or owned by him or them respectively
" ARTICLE SIXTEENTH.
"a Any stakeholder who shall fail neglect any
when ordered by the Board of Directors
N article third shall forfeit the Company all pre- ous paymen
W and cease to be stakeholder in said Company.
!, ARTICLE SEVENTEENTH.
No stock shall be transferred transfer made
the books of the Company. Shon any stakeholder desire
transfer stock previous tofu of the having be
made he shall he permitted 10 do by substitute of the Oh
cations of the party purchasing provided the substituted oh
1l cations satisfactory to the Board of Directors.
"a ARTICLE EIGHTEENTH.
This act ofincorpoatOn be modified altered Rmende
M the tad Company disSoved general meeting be
vened for that purpose after thirty days notice. in French
AZ English, of the newspapers published in this city and wi
NJ the Of onrhs Of the stock represented at such
~ ing; and any all such notifications alterations
dissolution shall be recorded and published Accord
n1 | law
M ARTICLE NINETEENTH.
The interests of the parties TO this
,W hereby declared 10 be ms follows, to wit:
Nnp,hur nf