New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-02-03
INSURANCE.

uil'a ucfeuho subscribed, who declared
Sais q L9uisn3 rsya to lhe organization of corporations
presents covenant agree and bind them Ives and those whom
and regulations following that say:
ARTICLE FIRST.
1NsRH a9a s '@f F c Sg shan he HOPE
domie is hereby established in the city Of New Orleans Il
shall commence rs business 20 the hundred
istlor wenty ye years from the daie thereof 1t shall have
Louisiana aud for an nserpiss ne name ~ tbe ooany
ARTICLE SECOND.
me objects and purposes of the Company hereby declared
st To make upon dwelling houses Stores cotton
presses aug every ether description Of buildings household fur
ery, against loss or damage by FIRE.
o MAKE 9snsnees upon shps and other sea vessels
DIE gold silver bank notes bills Of exchange and other ey
against all maritime inland transportation risks, and upon
lives hoitomy and espondenia interests in other words
eject IRE marine river and life insurance Of any kind whao
The Company may cause Itself TO be risk
upon which shall have made Insurance and all citations
teested shall be served on he Presdn 10 be appointed ia the
manner hereinafter provided for.
ARTICLE THIRD.
capital stock Of sd Company shall be two hundred and
Of BSsdre o a % b pa .Eey g t o pa &
manner following, to-w;
o. resident upon tas 9rn1aon Of The company for 9nsl,
Subscribed by them and furnish their notes to tile order Of fe
Company for the remaining eighty dollars each share paya
in such the Directory may determine pro
than twenty dollars on each share periods as may be
ageGa aha B b2af5 Of @ d i'Ty days. no.
published ia the city shall be given payment OF payments
Thousand dollars be increased tse sumof Eve bundled
ARTICLE FOURTH.
the corporate so he Company shall be exercised b.
the Monday Of July year Office
pany notices Of ucb election shall be given daily
Immediately preceding said ion IN the French and Engh
o preside az Hs sisa5s and a8 Of said INSPECTOR De-
cling Or ta % attend the fealdent shall appoint 91sr e aet
fourth Monday Of the ad month Of July and to hold the
and qaed Th q" seean shS tae Place Within twenty
ds for s 9 r B 'F Eugene Sls o sq S Fn
e Moreno J az o. e are hereby appointed Inspectors
be tho first Directors Of said Company and shall in ino
eight Or until their succssors ale elected and qualified
ID all esf s vote PC ey 91g and eo Pe5i2gs
considered daily elected d in ihe event Of no election taking
election to s place w'n eu days thereafter and give notice
Eacb every ookhoder be entitled either in person
ar by ayot for each ard every share which he She
ration OF company stan be entitled 10 greater Of votes
fsrred to him or hem viii ninety days prior to said election
ARTICLE FIFTH.
The time Of the expua alton Of The charter Of The Hfoes1
Company, sooner ordered by Of the sockhoders
iendatpd NJ i pgser he e,sfe nd
o. three to Be tponsd by vs. board q iTee
The affairs Of the Company
The Board Of Directors shalt their first meeting in every
year among President Vice Pe-
deul shall hold their Office until shall
ARTICLE SEVENTH.
No person shall be capable Of being elected Director osa
Company who doe time Of hi. election and during
~ continuance N oee h9d m hs osn ne OF IN mat Of the
shares ofthe stock Of said company
ARTICLE EIGHTH.
The Board Of Directors stall have the power 10 appoint such
SefT, &C. b an s shall be nees,y 2l ns con
laws rules and regulations they deem necessary for the
hct wh the laws Of This State the true intent and meaning
they shali fix the compensation officers clerks and Gnu
poy elected empo, ed By jhem an the serrice Of the u
occur ia their number or IN the Presidency.
ARTICLE NINTH.
iu q he Board he sb conduct and mase he business Of
Bi,sal n ess of II, snes he WEE Prs.ient sRs prs
side At sueh meetings. -.
The Board Of Directors shall have power to invest from time
to time te money aSd siaI OF tas G9mPas5 in bond, 9qd
the parish Of Orleans which, in every case shall be deemed
invest the profits Of the Company in any bonds or stock created
y 05 94Sr % & q s 3, ysiea S,s 81 n s, or p s
aforesaid seeures bonds Or stock They shall have power g
pledged for security or properly conveyed 90 them IN s3.
i c pS on aSl sG % oi n l or g ss m
- ~ i'tai
Psny Of Of any p,oggry movable OF which may
eons OF liz business bat nothing herein contained shall be so
Die paper or DO any other banking operation either de
recty indirectly deal or trade in buying selling NOV
able mnoy able property, goods merchandise.
ARTICLE ELEVENTH.
Yearly dividends shall be made Of much Of the profits Of The
Company shall appear advisable but the proportion Of pre-
m5Tecgyed on ris which shall not be terminated a The
ing the profits of NE Company and in Of any
ene NO aSqnsn Dividend shall he made ani Such dm
mutton shall have covered up by profits
ARTICLE TWELFTH.
In The yearly DIVIDENDS 2 b declared as eforeiad The
cent on the amount paid IN and the balance shall placed g
The credit Of unpaid stock account until the is paid 10 full
to issue cefdee to lie sioaEodes for iu Daid shares
ARTICLE THIRTEENTH.
he WIN pf shall
from yearly dividend lay part said diy
bends they may proper uu surplus fund
da6y.
within month from the close expiration Of each Of
m y t Of at least Sne mdsB @ sIaem l t aS ob II
The business Of the Company, which shan contain
he amount OF premium received during the previous year se
against Ere what marine policies what river pol
cyng designating what losses been
red By the different kinds of policies aforesaid third the
curides, and the nature securities.
ARTICLE FIFTEENTH.
The stockholders shall not he responsible for losses dam
age Incurred By said company beyond the amount Of capita
ARTICLE SIXTEENTH.
Aqy S o1ee5 whG 6 9 B Of PsssS to pay
article third shall forfeit the Company all pre- pay
and TO be asioekholderin said Company,
ARTICLE SEVENTEENTH.
No stock shall be transferred such transfer be ma
The books Of the Company shod any soekhods desire :,
made he shall be permitted do by substitute OF the obi
ons are stssdy the Board Of peSoTs 0O
ARTICLE EIGHTEENTH.
This act Of incorporation may be modified altered oramended
the aid Company dsolye at general meeting be con
Enb IL of he ne ~ u y I9ag d NH
the of three f9uTths Of the stock such
ncts dissolution shall be recorded published according
Thus done and passed at the city o. New Orleans the day
month qma Ses apeIa ~ me presence o james A. lse