New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-04
INsURANCE.

|
STATE az NJ CITY City 81 sEw
the year ofo Lord thousand eight hnndrednd
$ s VRisS ssi q sos
s IN aud for hs paes Orleans sate q Louisiana aforesaid
The parties whose subscribed
10 he organization Of co1posons
sss sss ss and $ s ss
they represent :. form and ecnstuts corpo
Bs E e under the
ARTICLE FIRST.
n % 'sgRS1''SS aaS Il
shall Il bipss = o ne ey Ssr ns
thousand dollars shs Subscribed sr shall
having for devices he coat If arms 81 ths STATE
81 ana Tor an inscription the name Of the Company
ARTICLE SECOND.
OBJECTS and purposes Of the Company hereby declared
s To make upon dwelling houses stores. eotto.
sars gGods wares merchandise machinery, and other
"a TO make upon ships other sea vessels
@ % snd other vessels fssh goods vare merchan
denees Of debt commissions profits, buon money and
lives botomry respondon Interests In other words
effect hre marine, river and life insurance Of kind whso
The Company itself any
tiees and other legal Company may
shall be served The President be appointed
ARTICLE THIRD.
The capital stock Of said Company shall be hundred and
Of one hundred dollars each to be paid the
Company shan pay into The hand.
Of the President npon the organization the Company for bust
subscribed By them and furnish their the order Of the
BE dsnd ho oc q a Sops a e and
IN such m, as the Board Of pSseos Discerning
than rsny dollars on each share a such periods as may be
dee q French aud English the daily papers
ss city, ss shall BE given Of Or
hous.nd dollars may be INCREASED e The sumO 1--WE hundred
ARTICLE FOURTH.
corporate the Company shall be exercised by
Monday each YEAR he Office q Conn
notices q ach election shall given IN ess, daily
preceding ssd election in the French and English
uc any said inspectors
q G s e attend a ss r Sas s & hs 70
the fourth Monday Of the said snth Of July and hold the
and qualified The election shall take pae. Within seny
Ss M S ae Eugene e SG Ss
els J. al q this city are hereby appointed Inspectors
b the first Directors Of said Company and shall in Of
ne ane ing 9S s mcnasg IN eighteen and h
In al elections she shall be ballot persons
cSnsds.sS duly elected and in the event Of election aLn
place within days thereafter and give notice
Each and every shall be entitled either in
q oy to ,oi, Tor each asd every share which he she or
rson be entitled q greater nS S"mer 9o
than twenty nor % vote aer the Gle ton share
ARTICLE FIFTH.
Atthe time Of the expiration Of the charter OF The aforesaid
provided fo the Affairs q said sSs S
Of three Comissobs 10 he s., ~ ~ Dl,
and WHO shall remain in Office until the final liquidation Of
ARTICLE SIXTH
ane oata o. Director. ~ tneI nss meeting IN every
dent who shall hold their Office until their shall
e'e'u ,n-,c, = s,,,,
No person shall be capable of being elected Director OF said
S aHs once n ms 81 nS seeS ana ana &
house o. when ne may be partner at least ten
snAres Oh 'he STOCK Oh sad company
ARTICLE EIGHTH
Board Of shall have the power to appoint such
tne o. ssd and TO ordan such BY
government Of said Company provided the shall not
NIL inc laws 'nis STATE OF ihe true intent and meaning
They shall compensation Of the officers clerks and en-
@ ssessa y ~ mem me service Of ne Com
occur in their number Or q The Presidency. - -
The President shall sign all policies and preside all
pg Of the Board he shall conduct and the business Of
Directors In case Of Hs absence he Vice Present m nre
'iue ~ 'u'" nneeu"s' ,nr,c, :, ,
The Board Of Directors shall have invest from time
mortgages eneambeed and improved real estate Situated In
parish OF orleans which every case shall be deemed
the profits Of the in any bonds stock created
corporations Of mis- state on pledge Of any Of the
bonds OF stock They shall have power %
faction Of debts previously eonaeied or al pabe
sale upon judgments orders q seizure obtained by
pany Of property moyable mmovable which may
have been abandoned said Company for concerning o
eraons Of s business but nothing herein sonaned shall be
~ 70 me company 10 discount negetia
ole 70 10 any oner banking operation nor either d
o lnulecty 70 aeA or TRADE In buying or selling NOV
aoe VI Ano'aDe property gooos wares or merchandise
ARTICLE ELEVENTH.
shI pc mace OF 50 much OF the prons OF the
- PM the proportion OF pre-
%u s on sk rheh shall not be shs
suln small mol DC considered as form
paI y we pron o. he company ana IN case OF any loss
nheteoy tne cp STOCK o. SAID company shall be
nnton ~ III ave bssn III ~ Innl s9sn uin
ARTroTE rvrEI TrrI ~ y '4' P''"4
= a.. s., ,.aiaL.1n :" E s, =, -
W. yeapy 1vsnds 70 ee aeeisred as Aforesaid the
@ ~ - " pau 70 sns 1tuf shAl not exceed ten per
~ credit ~ no PEI % a he oaahse sns be PLACED 70
PC tne uu Of ne Board o. Directors
10 Issue cerncates TO the stockholders for full paid shares
ARTICLE THIRTEENTH.
After the whole capital Company have been
paid ill., the Board Of Directors shall
from each yearly dividend the diy
dens they may proper until surplus fund Of MOI more
than two hundred and fifty Thousand shall been
formed and realized be added the capital
aany.
ARTICLE FOURTEENTH.
shall the President and Road of Directors