New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-23
Supplement the gea eass oaas aias sast 3d. 1859
INSURANCE.

N0OAsRNNGs
CHARTER OF THE
LOUISIANA STATE INSURANCE COMPANY.
United e q New e.
y BE IT KNOWN the. n. twenty day July
= sfs,ss u s'fs'
isres.d duly and STATE Louisiana
rsr.saay can. sna ,hs parties .o
1ssss e III
ara agreed and these and bind
GO s
der the obligations stipulation and regulations following to.
ARTICLE This Company shall be established the city Of
Ssw 81 Ss 81 1 e sRd
AT z the s Of the declared .
e Silver ss' xss s
q ths river, inland sna such usually
ad
and upon lives bottomr and respondenta inere in other
ssss md
~s themselves s1 70 BE- against any s
lions o. whatever kind nature, shall be served the
3HSTsSsb s sss:s
linz snS he !, III
% ss'e "a
s't &
twenty each ,S.r such periods
nay b agreed upon * tn. Precedent and and sixty
Of shan g given q p.ynen. 70 5:
y s e :sa IN
Guiding re- I5.sssn 70 b elected n. ..t 1sad.y !.
s, a.y:
n" i h "a: .s: +
h.d.r. preside =. and Of a..
others Ill such vacancies The Beard elected shall take
s5 or II: 1snday and
NJ e 4
Hssi;s n s.: s.s!s
nnmssr q Than .x:ny Ia al elections 81 9rseers
days *, prior e ss such :. ELECTION n
ssr Ts1 f z %
continue until the second Monday IN September 1850 until
Art he expiration Of the charter Of this COMPANY
# a s Il ss "a
its debts paid under the charter and Of three
so shall IN aes until the nsi liquidation Il tie
Art The Company shall commence its business on the
first Of September next and said Company shall exist TO,
y Ii. Il f1 Eeusss
With the name Of the Compsny upon the margin.
ss
and to BE- sued sead and b npeaded
and immunies granted contemplated by the statute
ART No person shall be capable Of being elected
ten stock xpiea
s bs meeting in
the Board nevertheless the President be selected from
The President shall hold his Office until his be elect
ns t e. e 81 % s n
yision Of the Board He sh. all pocss and shall
No shall Be gbs as Prsdent unless he owns
least twenty shares Of the capital stock Of said Company
esi
ne sum twenty DOLLARS subject to the approval OF
Tie Board of Directors shall have the power
for the conducting of the business Of said Company and
shall hx the compensation Of the President and Of all OF
have to vacancies which occur in their nam
ART TO- Company shall not directly indirectly deal
trade buying selling goods merchandise but
p sale or ess %
Them obtained any s moYabs or M which
III Company ayss, its capital
real estate shall be deemed worth
and other funds in any
States Or q this State corporations o the state or make
y that ny higher rate Fl Shs
be charged and that nothing herein
seis5 do other banking ''0u'
The shall not power to make loans predcated
ART IL The Stockholders shall be responsible for
Act Any osfsodss who nssec,
he stoekhelder in SAID Company.
twenty cent dividend ten per amount
the capital originally paid in cash the stockholders shall be
surplus e
The thereof shall be carried to the credit of
I Is understood that the PROPORTION Of premiums received
s e
sidered forming part Of the Ct said and IN
made until such dlmnuon shall have been covered by the
BY s The sa
establish sinking fund not exceeding two hundred
Is ssa be be duty Of the President and Directors
soon as the stock Company entirely
rst aeee day. ssptember Of each i shall b The
ss o he n
@ @ # Il II sn
Secretary and shall be binding all parties interested
As u NJ Ne a" ss
e. Ss s vhs IT.
shall ys 5 sac e ssss on mote
ART IS This aet Of corporation be modified altered or
onsened for that pulrose thrseoutIs
ARE The aud eeeve of the parties
o this act are declared ts be as follows, viz:
Names. Shares. Amounts
!ss;. IT, g. s::: g s s$ss