New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-26
INSURANCE.
CHARTER OF THE
~ LOUISIANA STATE INSURANCE COMPANY
49, /
United states of Americn-ytate OF Louisf-
ana-City of New Orleans.

~ LOUISIANA STATE INSURANCE COMPANY.
ana-City OF New orleans.
Be IT KNowN ,ha. shI. Twenty Seventh a.y q July Il
ss gssa sssss & 2asIe. a. kiss,
I'd md ss.s y XIV oss.n. State Louisiana
Of in
dsr the obligations spuao.' and regulations following
q s ias r. s
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s
PROFITS bullion money and against all maritime risks and
aas
p he q he COMPANY &c
ssys sa make .. e. dna 81
President q the Company
ass s. fsy t'ss
me s e. III IT, =
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b.
Company Provided shall be made BY
mo o. .o S M e
Az. Nj g. eofesS,s powers # Se@p..y .h.ii 3
sssas ss
ns
ssnes 4 The s , IL
holders preside such elections NJ.
81. the Monday September ioilevns 90
::ls .ss sises Al n ssss: sS.s: p
:a:s II :. ~ Il
q 81; ;s:s
Il s New es .s s,s
shs o. 10y sh. respectively held Frsvdsd ths. na
Il
s ON II
dsE: PIC. e such slsstion
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uat the second Monday September 1860 until
ART s. At the espsts. the charter Of this Company
es s.
M debts paid under the charter and o. three
sso shall Office until he anal liquidation of The
'a., It. business ,ss
By
e AND to pe sn essa sn b. al
and mmuntes granted Contemplated by the statute
ART No person shall be capable q being elected
D S ss I he S
partner least shares Of the Of said Company
elect Presidsnt Preference shall BE- given q
the Board nevertheless the President may be selected from
President shall hold his office until his
e
e y the ms s1 n al pcs and shall
he
sfs ie ss
the twenty thousand dollars subject to the approval Of
the Beafa Of - pes asrs =, n,r,tor. .,. ,., a..
appoint such officers clerks and employees shall be neces
ss for the of the business Of said
deem necessary Company. They
cers clerks and employees said Company and shs also
have gil al vacancies which in their
ART TO- ssd Company shall not directly indirectly deal
said Company may dispose mortgages given them By way
ssys q S fe sssfa y
purchased public sale Judgment orders seizure
s % ss
%s1 H. The said Company may nve. its capital money
Ohs qp n Rd s BIZ
double The amount and shall be situated within
also invest the said capital and other funds in any
bonds stocks created BY Or under the laws the United
loans in pledge seenrs bonds or
provided that higher rate Of interest than eight
be 20 Construed authorize the Company discount
gotiahle paper TO do any other banking operations.
Company shall rot have make loans predcated
ART * The stockholders shall not be responsible for
losses beyond the amount OF their respective shares.
49, Any subscriber stakeholder who shall neglect
when ordered by the Board of Directors
the Company all previous payments, and
be stockholder In eau Company.
Should the annual profits of the Company exceed
twenty per dividend of ten cent the Of
the capital originally paid in cash by the stockholders be
thirty dsys after the RpSeea,iSn Of as Com
be the credit of the notes furnished the
per cent thereof shall he carried the credit Of
the stockholders aforesaid.
understood that the proportion Of premiums received
of the affairs Of the Company shall
forming Of the profits Of said Company and in
losses. whereby the capital stock Of said
made until such dimnutoD have been covered BY the
TIE Company may vote of thirds Of the stockhold
stock has beeo realized entirely paid
establish sinking fund not exceeding two hundred
ART is II shall be duty President and Directors
stock of said Company realized entirely paid
in stockholders certificates for flu paid
AKr l6. Agreeaby to the laws Of this State, and within
the fifteen days of September of each it shall be the
the Board Of Directors to TO be published in at
Of the aa RS the Company exhibited by its books The
shall be certified and sworn TO by the Preden. and
Secretary shall be binding all parties interested
H. stock shall be transferred unless the transfer
stock the Company for the amount unpaid
shar shall only when the Board D
shall have consented 10 another note
from anree Of the stocks Tor the amount remaining
the shares to be transfeIred
ART IS. of corporation be modified, altered
amended said Company dissolved a. general meeting to be
AVID I'll pfpFt rAnf Dtvrtt u