New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-24
ppemnt 1M Meaaesg Bano sust a. 1859
INSURANCE.
CHARTER OF THE
LOUISIANA STATE INSURANCE COMPANY.
United States OF America-Statc Of LOUISE
Ana-Clty OF New Orleans

LOUISIANA STATE INSURANCE COMPANY
s .as.c as n ss~ Ssissn :. '"
BE IT KNOWN that sbi. twenty Seventh day Of July IN
81 a@ sHes d. and snd
IRIS sfsss aisss
a Msw State Of Louisiana
~
as :. ass 4 n
ssreed and these cosensn aes and bind
e
der the obligations stpulaons and regulations following
Article l. This Company shall be established in til. city
Ssw &c sSf is IT,
AKr The purposes Of the Company are declared to be
and other vessels freghs seamen,s wages goods
Of the river iHlsnd transportation and such az are usually
sss
he q The Company
and life Of any kind description a1d they
which hsy have made shall make N all e,s
I9ns q ~ M ompsn VI sn" De 'p' INC
s,psl ss s9 Ess at 1T
Thousand hundred dollars to be paid at the
| a. me me e 4. Tas IL
twenty dollars cash each and every share
manning dollar. PAYABLE .sash
@ AND s,e De
twenty dollars each 'hsrs at such periods e.
= d.
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company ,h: 4. s. entitled y 70
o. 3 vi. within ninety
d-s 5 q shall be composed of tn.
rs Thse s
Harris Ganpshean and their term sae ocs shall
their successors elected. ,,,.,-c
es
shall remain in Office unit, the final liquidation Of the
All The Company shall It's business the
sss y asys seal
y &. Of f. sas OF
certain
and mmcysbs
p Of s &c d ss n e
be answered. and generally to exercise all the rights
e efTss aud granted ',s''
n the mama Of commerei, house o. which ne may oe
The Board Of Directors meeting every
cleo, &c shall BE- given to saaca
IL esays
s 3. y s une.. he
shares Of the stock IF said Company
o s h Il s
Thousand collars subject to the approval OF
ART The Bosid of Directors shall have the power to
sSs 1 he and Saspss q ss
ordain such bylaws rues and regulations as they shs
sS * The Of President and
sd M 81 se aia
the presidency .b. mt arsct,v or nd.c,v
trade in buying Or selling Goods mechandise
Company dispose Of mortgages given them by way Of
yeyed Of previously
as
syss its ssDs
a p ss ST s.1s
loaned thereon and shall be situated whir
Il may also invet the capital and other funds In
# M ss Or bS CO..
loans pledge Of Of the aforesaid securities bonds o.
cent per and that nothing herein
to ohs to
Company shall rot have power to make loans pedeatet
paRI X se oeGhodsr shall not responsible
losses beyond the amount o. their respective shares
TO any nstsment when ordere by the Board Of
shall the Company all previous payments and cease
ART L. Should profits of the compapy
the capital originally paid III cash by the stockholders shall
s pro rata The credit Of the notes nrnhsd BY M
soekhosdes II the sail profits should exceed twenty
RI SsRih I'd as
understood that the proportion Of premiums received o.
annual statement the affairs of the Company shall not be
any an oss * losses Whereby the
Company shall be lessesed no subsequent dividend shall
made until such elimination shall have been covered by tn
lie Company may of twohrds Of the sookhod
ers and after stock has been realized enrey paid in
sinking fund not exceeding Two hundred
ART Is It shall be duty of the Presden. and Directors
the stock e said H. realized Or
M ARr IT, ggeeabiy to the laws Of this State whit
Of essh Ca hs b III
papers in Eng,h FRENCH re yt haat
ss @ r. IF s es
shall be bpd p all parties res
be made % on the Books Company and the lab Of Il
the for the mt R. On
shall consented 10 receive another note or note
the ansferee Of the stocks tor The amount remaining du
ART IS This act Of corporation be modified altered
Convened for that purpose with the Of threeouh
Of the stoes represented at sreh nesting.
to this act are declared to be as follows, viz;
R,,., Ssq ss J. s4 is 4 sfSSSS
ss afe M Sosom Co. 5SSS
Connolly & Co., james. ~ 5Uu