New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-31
INSURANCE.
CHARTER OF THE
LOUISIANA STATE INSURANCE COMPANY.
United States Of Anerica-State Of Loulsl-
aha-Clty of New Orleans.

LOUISIANA STATE INSURANCE COMPANY.
Il u ss~ Ssissn e
BE II KNOWN that Chi. twenty Seventh day Of July, in
ssiss BxRSs7T ~ ras fsh h
afo,esaid, duly Commissioned and sworn.
S n
the 8, the laws relative
By and
s .nd az
Dc. the obligations spulations ana regulations following,
This Company shall be established in the city Of
hRa qs
Anr e. The Of the Company declared 70 be to
sss saa
river transportation and such as are usually In
sa
Sna q. y n and srs in other
snd ne insurance & Snd description
~ 2 ~
fS$SsSs Ssass RE:
time md in the ~ VI u shall
q twenty dollars II and ,asls
dollar, each hare 4 such period.
Of ls city shall b given Of p.ymen. payments o
ne sea sssn
he
-. Isn.s sss .. aas Their
IT; IL
election taking .n n az IA he r,:.
!hsssssI "a give netie. q ~ Advertisement
ss
rhs b entitled vote for each and which
ssss -: 8 @
may given shsr person By PROXY md no pes
shall ahsre transferred TO him within ninety
II! Bossa directors shall b. Of til. follow
s IL n.s.d Th:s e J.
f. Sas and enc: ,s
their successors are elected. -'''' N1'''
g. h this
seT provided hs .hA b qudssd
We shall remain in office un the hna liquidation Of the
s
having Il the Isuislsns
sss @
dispose Of the and The Company also have
70
and mmunes granted or contemplated by the statue
ART g. No person shall be capable q being elected
IN the Of Commercial house which may be
y ss,ei a
eecis President Preferences shall be given member of
e., S the President may be selected from
ed
The business Of the underline
1 b. he sserss and snail cause
at @ p % ID pGs be
dent M M y
the Of twenty Thousand dollars subject to the Of
ARr O. The Board of Directors shall have the power to
spps Ssh % and q s be
deem for the govs!nmen, Of sad Company They
GERS, clerks and employees of said Company,
have power to M all vacancies which may in their
shs indirectly deal
a9 q ssss es .ssy y
purchased at public sale Judgment orders
have abandoned them for concerning the opera
ART IL The said Company may It's capital money
other funds in bonds and mortgages and
double the and shall be situated within
also nvet The said capital and other funds in any
bonds stocks created BY or under the laws Of the United
in p,edFs cur s. sopds "a Or
provided tina. higher rate Of interest than eight per
be authorize the Conpany to discount ne
geable paper, Or to do any other banking operations
upon the pledge Of its stock
Il. The stockholders shall not be responsible for
losses beyond the amount their respective shares.
to pay any nnent ordered by The Board Of Directors
shall forfeit the Company all previous payments and cease to
ART a. Should the annual profits of the Company
twenty cent dividend of ten cent the of
payase hs hs
pany annual statement Of the aa The surplus profits shall
carried pro ,asa the credit Of The notes farn BY the
the stockholders IS aforesaid
risks which shall be Terminated the time of making
the the Company shall not be con-
Of any osses whereby the capital stock Of said
Company shall be Jesse. subsequent dividend shall be
made until such dmnuon shall have been covered by the
profits.
The Company NAV. of othrd the sockhold
after Its stock has been realized entirely paid ill.,
establish reserve sinking fund not exceeding hundred
Thousand dollars.
ARR Is shall be the duty the President and Directors
in stockholders certificates fu paid shares
AxT L. Agreeaby te the laws Of this State and within
duty Board Directors be published in at
least two Of the city papers English and French statement
Secretary and shall be binding ali parties interested
ART H. No stock shall te transferred unless the transfer
towards the Company unpaid on III
shares be transferred shall only when Board d.
from the rsnseres of the stocks the remaining
on the shares to be transferred.
amended said Company dissolved general meeting to be-
for that purpose and with tina threeourhs
ART 49, The and respective Interests OF the parties
to this act are declared 10 be as follows, viz