New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-13
INSURANCE.
STATE or LOUISIANA

INSURANCE.
STATE OF LOUISIANA, cry OF NEW OR.
the yeSr Thousand eight hundred and
S s9s men SDwRD Sos
c IN and for the parish q Orleans as 3,
parties whose hereunso subscribed who declared
State Of Louisiana he organization Of eerpOrsoDs
presents eo,ens sgee and bind thsms those whom
they represent form themselves into constitute eorpo
and 1osSiaiops following Hsii to say
ARTICLE FIRST.
s 81 SEW oREAN and
@ r. Sun q .oos ns a. c Ky S s
dollars shall have bees subserbea for and shall
eopora seal having for device The coat Ct Of tbs State
ARTICLE SECOND.
The objects and the Company hereby declared
list To make assurances upon dwelling houses stores cotton
nitue goods wares merchandise machinery and ether prop
"a TO make nsuraness upos ships and other vessels
DE M s'bsr p notes b ~ GS aS s %
dences Of debt, commissions profits, bullion money and
lives bottomTy respondents Interests words
effect re marine river and life insurance Of kind whao
The Company may itself to rensured
tees and Gss Legal pTSSess wherein the Company may BE IN
manner hereinafter provided for.
ARTICLE THIRD.
CIV tboassnd dollars DIVIDED into twenty i've h1ndred shares
of hundred dollars eaeh to be paid for the time and the
The subscribers the said Company shall into the hands
The twenty IL cash on each and share
subscribed BY them and ur: their notes. to the order Of the
BILE demand, the office Of said Company such time and
yided that shall be made BY nstaments Of
epr 81 he seaf lSa
ce n French and Englih in at least of the daily
housand dollars, as hereinafter provided for
| ARTICLE FOURTH.
All the corporate powers Of the Company shall be BY
hs second Monday Of July each tbs
published IN mis- e and continued foten days
Rh Board three holders Inspect
preside such elections and Of said inspectors de
in Board thus elected their
Il % o sa Sn S 81 oa 70
and qualified The ars election shall take place within twenty
ded for Nessr N Blake Eugene Motion Fran
to preside at said election persons shall
the T Directors Of said Company and shall rs% nm Of
eight, OF until their elected and qualified
receiving PLURALITY Of votes Of he present
considered duly elected and in The event Of no election taking
election to take place days thereafter and give notice
every sockbolder shall be entitled either in
By TO seR nSG hS5f al
ration company shall be entitled number Of votes
ierred him them within ninety days prior said election
ARTICLE FIFTH.
AT the time of the expiration Of the charter Of the aforesaid
Company ordered p vote Of the as
gusted its debts paid under the charge and supernendence
Of three to be appointed By TIE board q Direct
the affairs of the Company.
The Board Of Directors SHALL first meeting in every
year elect from themselves President and Vice Pses
dent who shall hold their Office until their successors shall be
ARTICLE SEVENTH.
No person shall be capable of being elected Director Of said
his continuance in office hold his in that Of the
shares ofthe stock Of said company
ARTICLE EIGHTH.
The Board Of Directors shall have the appoint such
officers clerks and employees shall be for the
laws regulations they may necessary the
Of said Company provided the same shall not con
elected or employed BY them IN the service Of the Com
| occur in their number orin the Presidency.
ARTICLE NINTH .
ipes Of ne Board he sba eobdue and manage ne bSsp II
the Company generally under the supervision Of the Board of
Directors in of his absence the Vice President shall
side at such meetings.
ARTICLE TENTH.
The Board Of Directors shall have power to invest from time
to % the and capital Of the sG9d And
worth double The loaned thereon They may ass
by the laws Of the tned States this state or Of The
aforesaid securities bonds or stock They shall have power to
dsp seof mortgages obtained by of security Of stock
pledged for security or Of property conveyed to them in salts
faction Of debts previously conaeed or purchased at public
sale judgments orders Of seizure obtained by said Com
ss been ~ @ u s9 @D ~ @ or SSh a. any
eratons OF It's business but nothing herein onaned shall be
construed authorize the said Company discount
fecy Or Indirectly to deal trade In Buying Or selling NOV
able mmoyabl property goods, merchandise
ARTICLE ELEVENTH..
Yearly dividends shall be made Of mach Of the profits q the
81 e On appear b G@ no ns Pre-
time Of mskng such dyden shall mot be considered as form
orl6sss whereby capital Company Shall
lesened nosubequen dividend shall be made until such dm
mutton shall have been covered and made by the profits
ARTICLE TWELFTH.
In the yearly dividends be declared aforesaid, the
the amount paid in and the balance shall be placed
when shall be the duty The Predentand Board Directors
issue certificates the stockholders for ul paid shares
ARTICLE THIRTEENTH.
Ar The Whole esP9 stock Of Company shall have been
from each yearly dividend and lay by such Of the said dy
dends as they may deem prope until surplus fund q not more
formed and realized be added to the capital stock OF said Com
ARTICLE FOURTEENTH.
Il shall be the duty Of the President and Board Of Directors
the Company cause published French and Fngish
il at least I've daily Newspapers published in this city and for
the business Of the Company which statement shall contain first
cying what was received life Insurance.
anee against Are what marine policies and what on river pol
ices second the amount OF losses incurred during the
Crying and designating what amount OF losses have been incur
smoant capital stating the portion Of the invested Sc
curities, and the nature Of the securities
| ARTICLE FIFTEENTH.
The stockholders shall be responsible for losses dam
incurred by said company beyond the Of capital
| stock held or owned by him or them respectively.
| ARTICLE SIXTEENTH.
Any stoekhoder who shall fail or neglect to pay any install
when ordered by the Board of Directors poydedfon
article third shall forfeit the Company all ous payments
and cease TO be stock hoder in said Company
ARTICLE SEVENTEENTH.
No stock shall be transferred such transfer be made
the books Of the Company Should stockhoder desire to
made he shall be permitted do by substitute Of the obi
cations Of the party purchasing provided the substituted ob
cations satisfactory to the Board Of Directors.
| ARTICLE EIGHTEENTH.
This Of incorporation be modified altered amended
the aid Company dissolved general meeting to be
English, in Of the published in this city and with
the Of eeourbs Of the stock represented such meet
ing aud any and all such notifications alterations amend
dissolution shall be recorded and published according
TO law.
Thus done and passed at the city of New Orleans The day
month and aforesaid in the james N Teller
and Edward Audler Witnesses, whs heTeuuO sign their
names with said parties and we notAries
The original is signed H. II, PbACE,
! LABORDE 4 XIQUKS,
/ JAMES ID. DENEGRE,
and others
| JAMES N TELLER
| EDWARD s. AUDLER,
EDWARD BARNETT, Notary Public.
certify the foregoing 10 be true copy OF the original act on
record In Office In faith whereof grant these presents
der my signature and the impress my seal u Office at the City
! Of New Orleans, this IAN day Of April, 1851.
EDWARD BARNETT Notary Public
The undersigned Recorder Of Mortgages for the parish
city Of New Orleans State Of Louisiana certes that the fore
going recorded this day his Office in the Book Of
Society No. s. folos 55i to 500 inclusive r PAJAUD,