New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-05
asp ersans 1sls erssen paday otnn September s. 1859
INSURANCE.
CHaARTEf OF THE
~ LOUISIANA STATE INSURANCE COMPANY. =ss
United states OF Amerlcn--State or Loulai.
- nna-Clty OF New Orleans.

rHARTEss OF THE
| LOUISIANA STATE INSURANCE COMPANY.
Sf m Es,s q Leus
BIZ IT KNOWN ,hs. HI. Twenty day Of july In
Independence Of United States America he Eighty
ae..sad. auy .1ors % i'a''''nA
s IL II
+ M
Ger the obligations stpulasions and regulations following to-
ARcn This Company shall DO established in tho city OF
81
and
and other vessels sgh,s ssamsn sase, good wares
profits bullion and .snst
ssss:
which hsy have made mad shall make
| President 81 the Company. ~ ~ W. '''N 'A'
ss a # Rec
st ss sns 70 to a
Time q ne rss Board Of Direct s
furnish .es n order Of
Company direct Provided shall Be- made BY
ss
dsys notice in English and French in two Of the
sha1 E.
s In
ss It h
two FIJI the public
sS @ Ss
second Monday September following and
sors are elected Fl elections those PERSONS reesvns
%
If
r nj
number than twenty elections Of Directors
II aas
rs named Sbss ss I 4 s
Monday sspsmSsr 1856 Or Hnt
AZ the expiration Of the charter Of this Company
debts paid under the charter and Of three
wso shall remain unil the anaI liquidation Of the
ssptsmsss and sss Company exist To-
having device the Goa. Of of the Stats Of Louisiana
and dispose the same Company shall also have
and to answered. generally exercise ali the rights
and immunes granted contemplated by
ART. No shall be capable Of being elected
ths name e eonmsrsisi house Fl which may Be
81 at s is Ga # I
elect President Preference shall be given
shade s hi us sssas be
ths business Of the
them 10 to eountersgned BY the Secretary
h e s il ssss s
G 1 tF hs M d rs
Of twenty Thousand dollars subject to the
Art D. The Directors shall have the power to
appoint IF apa a. shall be neees
ordau ouch bylaws rules and regulations they shall
ne @ @ 5 % s sd amp They
d M Of fd compsny and shall also
So Company shall directly indirectly deal
trade buying selling goods merchandise
q Il e %
purchased public sale upon Judgment orders
may abandoned them concerning opera
ART. II The said Company may invest its capital money
other funds in bons and on ard
donb. the amount loaned thereon and shall be situated within
may also invest capital other funds in any
BY or nm. the Ct The United
loans in pledge any of the aforesaid securities bonds or
o H. provided higher than eight per
construed to authorize the Company discount
goiiabe Or to DO other banking operations.
The Company shall have make loans
| upon the pledge Of Its own stock.
ART H. The stockholders shall not be responsible for
losses beyond the amount OF their respective shares
ordered BY the Board Of pirscors
the Company all previous and
All 4 Should r. ssaas profits Of the Company
capital originally paid in cash by the stockholders shall be
panys of the affairs The surplus profits
be carried pro rata 10 the credit Of the notes by the
cent the thereof shall he carried the credit Of
| the stockholders us aforesaid.
risks which shall be Terminated the time of making
the affairs Of the Company
any losses whereby the capital said
Company shall be lesesed subsequent dividend shall be
made until such dimnuon shall have been covered by the
profits.
and after its stock has been realized entirely paid
establish sinking fund not exceeding hundred
| Thousand dollars
ART Is Il shall be the duty Directors
n certificates fn paid shares
Akr 6 Ageeably to the laws Of this State and within
% s Saos o Cause ss is Fl h
least two Of the ely PAPERS in English and French statement
Secretary and shall be binding all parties Interested
ART IT, No stock shall &c transferred unles. The transfer
ockhodef the Company for the unpaid III
be transferred shall only when the Board Of d.
from the Of stocks for The amount remaining due
| on the shares to be transfer red.
ART 49, This Of corporation can be modified altered
amended said Company dissolved general meeting to be
convened for that and with the assent of
| of the stock represented at snch meeting.
ART 49, The and respective Interests of the parties
this areadecHfed o.