New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-19
INSURANCE.
CHARTER OF THE ~
LOUISIANA STATE INSURANCE COMPANY.
United States OF Amerlca-StAte Of Loulsl.
ana-City OF New Orleans.

LoulbiANA STATE INSURANCE COMPANY.
s.sss. e ~ s. e. Louis.
BE IT KNOWN tha. this twenty Seventh day Of July /.
The year our Lord eighteen hundred my nine and d
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shall DO snt each every he,
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number than twenty In all elections Directors
y no
fhe FIRST Board Directors shall b. composed of the follow.
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Harris and and Term Of oes sha
continue until hs second Monday in September 1867 until
AFT a NE expiration. Of .hs charter 4 this Company
e
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shall remain in Office until the Anal liquidation Of the
All Tie Company shall commence It's bushes. on til.
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having the q the Louisiana
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and Of NE ss so p hs also have
and 10 be- answered generally to exercise ali the rights
and immuniiss granted contemplated by the statute
shall b st e sss
OF In tho name Of M house Of Which he may be
President. shall given
the Board nevertheless the President be selected
The President shall successor be elect
them TO be eonntersgned BY The Secretary -,.
at least twenty shares of the stock Of said Company
asp, h m II
Of twenty Thousand dollars subject to the OF
ART g. The Board of Directors shall have the power
s q I'D ss
to ordan such bylaws rules and regulations as they shall
shall tx lbs compensation Of The President sns y all o
I'll al @ aha a
Der or in the presidency.
trade in buying selling goods merchandse but
d a o o9 given y by
veyed previously contracted
them obtaned properly movable or immovaSs Which
have abandoned TO them for concerning the
AM il TIE said Company may nves. ts capital money
which sha
@ shall be within
may also invest he said capital and other funds in any
states s state or make
charged aud that nothing
gotiable paper do any other banking operations
The Company shall have make loans
M soethodrs shall not be responsible for
losses beyond the amount OF their respective shares
ART. 10. Any snbscr Der sockhode who shall neglect
nstament when ordered by Board Directors
shall the Company all previous and
he stakeholder in sau Company.
twenty per cent? dividend of per amount
the capital originally pad n cash the stockholders
psny. annual statement affairs The surplus profits shall
be carried rata to the credit Of the notes by the
per cent, thereof shall be carried
the stockholders as aforesaid.
understood that the proportion Of premiums received
risks which shall be minated at the time of making
annual of the affairs of the Company shall
sdered forming Of the profits Of said Company and
Company shall be lesser ed, subsequent dividend
made until such dmnuon shall have been covered by the
profits.
Company by of two-thds of the stockhod
and after its stock has been Realised entirely paid in
establish sinking fund not exceeding two hundred
Is shall be the duty Presdsn. Directors
as soon as the stock q said realized or entirely I'D
AKr l6 Agrseaby 70 the laws Of this State end within
the first fifteen day September Of each shall be the
least of the city in English and French
of the Of the Company exhibited by its books The
Secretary and shall be binding all parties interested
ART IT, No stock shall be transferred unless the transfer
the Company
transferred shall only when the Board D
ecto shall have TO receive another note or notes
on the shares to be transferred.
ART 49, This of corporation be modified altered
convened and with
of the stock represented at such meeting.
49, The and respective interests of the parties
to this act are declared to be as follows, viz
Names. Shares. Amounts.
Robert { %. j. N................... i05 siV,oo0