New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-06
INSURANCE.

STATE OF LOUISIANA, CITY, OF NEW Or
Lord one thousand sgh. hundred and seven
eighty .hrst before me EDWARD BARNETT, Notary Pub
for ths parish Of Orleans Louisiana aforesaid
the parties whose names are heennio subscribed who DECLARED
State rssyo 10 he organization Of Corporations
in they have esyenssa and agreed and Do BY these
hey form themselves into and constitute copo
and regulations foowins that Is to say
ARTICLE FIRST.
cosPANS s OF SEw oRsEASs and Il
me Ss y
h0nsand dollars shall have been subscribed and shall
seal having for device the Of of the State
ARTICLE SECOND.
The objects and purposes Of the Company are hereby declared
assurances spoa dwelling houses stores cotton
presses every ether description buildings household
nure goods wares merchandise machinery, and other
ID To make Insurance. ships and ohs5 sea vessels
dine gold silver notes exchange and other
denees Of debt commissions profits bullion money, and
lives bottomry and respondents Interests in other words
effect hre marine river and life insurance Of any kind whao
The Company itself be rensued risk
upon which shall have made insurance and all citations
tees and other legal process wherein the Company be in
ARTICLE THIRD.
nry thousand dollars divided into twenty 1--WE hundred shares
Of hundred dollars each to be paid for the time and in the
Subscriber said Company shall into the hands
the twenty dollars each every
ompany for the remaining eighty dollars on each share pays
BILE on demand At the office Of said Company at snch time and
vded that the shall be made by insaens Of
agreed upon Sy the said Board q and forty days no.
lice French and Eng in It least Of the dsy papers
made which said capital Stock Of two hundrad aud y
SOusand doaTs as Serepasr provided
ARrrcLE FOURTH.
thaCf
Board Of o. nine to BE- on
pany notices Of such election shall BE- IN two daily
newspspsrs published in this city, and continued for days
khe Board shall ock nspec
eS sppo
he fourth Monday the ssd month Of july to hold tSs
same until their successors are elected
s from s so -B I ns s9G oo as .D
preside aid election and the shall
until the fourth Monday July eighteen fifty
&c % salon
receiving Of votes o. the shall be
place the day aforesaid the President shall another
election to take place witntep days thereafter and give notice
Each and eyery shall be entitled either in person
BY proxy every which he
they respectively hold provided that individual eopo
Than after the rst Gle ton
! ARTICLE FIFTH.
Athe time Of the expiration Of the charter Of the aforesaid
se Ss Il said sSs Be
qIdsed lis debts paid under the ehs5gs and
and WIG shall remain in Office until the final liquidation Of
ARTICLE SIXTH.
The Board Of Directors shall their ht meeting in every
dent who shall hold their office until their shall be
ARTICLE SEVENTH.
No shall be capable Of being elected Director OF said
bis Continuance in once hold in his own or in that Of the
commercial house Of which be may be partner at least ten
ARTICLE EIGHTH.
The Board Of Directors shall have the power to appoint such
officers clerks and employees shall be necessary for the
Quoting Company ordain by
Of Company provided the shall not
dict with the laws this State the true intent and meaning
They shall fix the compensation of the officers clerks and
pany shall have power Ell all vacancies which may
occur in their number or in the Presidency
ARTICLE NINTH.
The President shall sign all policies and president all meet
the Company generally under the supervision Of the Board Of
Directors of his absence the Vice President shall pre-
ARTICLE TENTH.
IN te Dvsu ssl ha S h o 70 nFgs O ug
mortgages encountered and improved real estate situated
loaned They may
the profits the Company 10 any bonds stock created
by or under the laws the niied STATES If this State the
corporations Of this State make loans pledge of any of the
disp Of mortgages obtained by way security
Of debts Previously Contracted or pnrcSsed i at paSc
sale upon judgments orders Of seizure obtained by said Com
nave been abandoned 10 SAID Company Tor or concerning The op
eIaons o. MS business oa nothing herein snail De SO
Is 70 hntnorze ne std company 70 aeot nego
pc pape % 20 10 any oer pankng 9psrso hoI she az
49, ~ usel " ~ ou' ~ ~ sehlk ino'
~ ~ s p,S y.o,f;, q $500 - ,,,e--o7, '''
1,, ,,,s-, ~ N LYLE S 5lEf NH;
Snail ~ nisae 70 Sn 81 tne pions q ne
~ a appear soksspe pu .hs o pre-
on Nhcu sn1i o oe y wy
n nsrts 81 th nsis os ~ ansn d IN css 81 i
~ ae ~ NJ i H9 1850 e ~ ny Jss
esssned NO diSdsnd sSSn he ade nnl c ami
mutton have been covered and made up by the profits
ApTrCI Y TuyFT Eorfi
7, .ha v..r, d;yidaaSs - ~ 5aaia-i "a oro-..,,a ~
orac,nt ba LA ~ Nv M ~ Eli - .1ad ~, W
& Nv VI ~ pAi - Wy ~ MI NJ a ~ 81 ~ son ~
~ @ pa ~ a ns "a " Pa ~
hen n q, m ~ ~ dx &c ~ M Rnstd n actn,
49, ~ ~ y. e ~ ~ n y
70 issue . lne Ior aa pSiu shAfes
AkIiSLE IhlhiEENIH'
Amer the whole capital stock OF said Company shall have been
from eseh yearly dividend and lay by such part OF me SAID dV
bends as they deem until surplus fund Of not more
han Two hundred and tty thousand dollars shall have Deen
formed and realized to be added the capital STOCK OF SAID Com
uAn'' - - -
AhriOLE foUhIEENfh'
shall be the duty OF the President and Board or Directors
wuh oue month from the close ofeNpraon OF eaeh year Of
the Company cause 10 be published in French and Fngsh
IN at least two daily newspapers published in this city and for
heterm OF At least one month"; full statement under oath Of
the busAes o. the Company which statement shall contain h
eyng what amount was received Tor e insurance for nsnT
ne against ne what on marine policies and what on river pol
s second the amount OF losses incurred during the year