New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-27
INSURANCE.
CTATE OF LOUISIANA,

eighty brat before EDWARD BARNETT, Notary Pgb-
lie and for the parish Of Orleans State Of Louisiana aforesaid
duy and swo per.onsy and sppssrsd
Inst svns hessiyss Of The pesons u The statutes Il
STATE q Iousns relaiys the organisation Of corporations
present. and bind hems Ives and those whom
and fss s ioorss 70 .ss. -''' '-'
ARTICLE FIRST.
IssgsAScs ooMrAsY oF NEW oELkASs .sd 4.
shall commence IL business the hundred
istfor twenty years from he date thereof Il shall havs
soa having for device The coat Of Of The State
OF Louisiana snd Tor inscrpss the Of the Company
and the date Of thisact.
ARTICLE SECOND.
Ths objects and Of the Company hereby declared
To upon dwelling houses stores cotton
presses every description househod
nure goods merchandise machinery and sther
ID 10 make upon ships and other vessels
d. sod S.r bsns noss s Of exchange and other sS
d.sees Of debt, eosissions profits bullion money and
lives bo,tomry and respondsns interests other words
secfre, marine river and life insurance Of kind whstsO
The itself to be reinsur. .k
es: and Gss e nv the may be in
ARTICLE THIRD.
an, sboasssd do.ts mo AZ, sbsre
Of eaded dollars each be paid for time and IN the
sasse.b.s said oomp.py shah into the hands
ness the sum ofweny every
subscribed them. and furnish their notes to the order Of the
BE q dssad - he eiee u sa Company al such time and
vided shall be made BY nstamen Of
than twenty dollars each share such periods be
nee french and Eng.b in Of the daily papers
d aaS
thousand dollars may Be e of five hundred
ARTICLE FOURTH.
AThs cooperate Company shall be exercised by
second Monday ysy year once
puSssd il eis, and for days
meds,ey sse election in the French and EnsllsA
preside such slscons Of said Inspectors
Il e. M = % Ros s r Ss. 3D.. .pPo9
the fourth Mosday Of the said month Of July and to hold the
and qsaiiBsd The sf election shall take pIses Within
S.s @ s BS ss es sGf Moon sse sna
els Moreno AZ Of this city are hereby appointed Inspector,
Directors OF said Company and shall in
sss until ss sss sod.y !. s hSSdEsd aud
all elections the votes shall be BY ballot and those
considered duly elected and in Is. event Of no election
on hs day the rssden. .ss cause another
of the sans as Aforesaid.
proxy for each every share which he she
ne. fsspeovsy hold provided that indivdasl
than ser the n. Gle lion
ARTICLE FlFrH.
the time Of the expiration Of the charter Of the aforesaid
hsrenser provided for the affairs Of said company shall be
gudated its debts paid under the charge and supernendence
and who shall remain in Office until the final liquidation Of
the affairs Of the Company
ARTICLB SIXTH.
Tbs Board Of Directors shall a their st meeting in every
elected :
No shall be capable Of being elected Director Of said
Company who does not the time of his election and during
house which he may be partner, at least ten
Board o. shall have the power to appont such
Of the business said Company and to oIdsn such by
laws rules and regulations they deem for the
sct with laws State the meaning
They shall FIX the compensation the officers clerks and EN-
elected employed by them in the service Of the
occur in their number or in the Presidency.
ARTICLE NINTH.
ings he manage Of
al " IDas h c 81 the soad Of
side at such meetings.
The Board Of Directors shall have to invest from time
to time the and capital OF the Company in bonds and
encountered and improved real estate situated in
the parish of Orleans which, in every shall be deemed
worth at least double the amount loaned thereon They ae
the profits of the Company any bonds stock
by United States State III,
bonds stock They Ss have power
dsp Of obtained by of security Of scI
faction of debts previously contracted purchased public
sale judgments orders Of seizure obtained by said Com
pAny Of property movable mmovable, which
have been said Company for The
ersons of its busnes but nothing herein contained shall be
authorize the said Company discount
indirectly deal Or trade IN 5Syns Or selling
able or mnovab property goods wares or merchandise
ARTICLE ELEVENTH.
Yearly dividends shall be made much Of the profits tbs
Company shall appear advisable but the proportion of
received risks which shall at
time making such dividends shall considered form
Whereby the capital stoeR Of said Company shall s.
esene osubsquen dividend shall be made until such dmi
ARTICLE TWELFTH.
In the yearly dividends be declared aforesaid the
The amount paid in, and The balance shall be placed
when bS b be p o ne I hoard % neo
issue certificates the stockholders for ull paid shares
ARTICLE THIRTEENTH.
After the whole capital stock Of said Company shall have beer
paid in the Board Of Directors shall have The right 10 deda
bends as they may deem proper until fund q not NOR,
formed and realized to be added the capital OF said Com
dsny.
Il shall be the duty of the President and Board of Directors
within month from the close expiration Of each year
tn. Company to be published in French and English
in al least two daily newspapers published in this city, and fol
he Of % s Sn month ndss cath
the smonn premium received during the previous
against fire what marine policies and what pol
ices second The Ct during the year pe
red by the different kinds of policies as aforesaid third the
curties and the nature Of the securities.
ARTICLE FIFTEENTH.
The stockholders shall responsible for losses dam
stock held or owned by him or them respectively
| ARTICLE SIXTEENTH.
Any stakeholder who shall fail neglect install
when ordered by the Board of Directors
article third shall forfeit the Company all
| and to be stock holder in said Company
| ARTICLE SEVENTEENTH.
No stock shall be transferred unless such transfer be made
the books OF the Company Should stakeholder desire
transfer full OF the
made he shall be permitted do by substitute of the ob
| cations satisfactory the Board Of Directors.
ARTICLE EIGHTEENTH.
This act Of incorporation may be modified altered amended
the aid Company dissolved, general meeting be
yened for that after thirty days notice. French
English in of the newspapers published this city, and will
the of hreeourhs of the stock such
ing and and all such notifications alterations
| to law.
Thus done passed the city Of New Orleans the day
month and aforesaid in the of james N Te
and Edward Audler witnesses hereunto sign thei
The original is signed L. II. PLACE,
LABORDE a XIQUEs,
JAMES ID. DENEGRE,
and Others
JAMES n. TELLER,
| EDWARD s. AUDLER,
EDWARD BARNETT, Notary Public
certify the foregoing to be Of the original
record office In faith whereof grant these presents
der signature and the impress of seal Of office the Cit
| of New Orleans, this l4th day Of April, 1851 !
EDWARD BARNETT, Notary Public
The undersigned Recorder Of Mortgages for the parish
city Of New Orleans State Of LuisanR ceTes that the fore
going charter recorded this day in mis- Office Book
Society No. s. olos 554 to $50 inclusive. P. PAJAUD
| a20 Depy Raj erordcee
McGOWAN,s CELEBRATED PLANTA.