New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-05
INSURANCE.
CHARTER OF THE ~ s. :
~ LOUISIANA STATE INSURANCE COMPANY,
United states OF Amcrlca--State of I.ou1si.
ana--Clty OF New Orleans.

OF THE =
LOUISIANA STATE INSURANCE COMPANY,
s sasc Il os ss% 2.
BE IT KNOWN thss this twenty Seventh day Of July, In
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s.as bsisss - EpxAKD sxESsrf SsssS rssfe II
..s .:s a. duly com save o.'
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q laws STATE relative
q saTssS and presents and
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the obligations, spaAsns and regulations following TO-
ARTICLE l. This Company shall DO established in the city OF
ANY Il. 81 a
ANT Tho purposes Of the Company are declared to 70 :.
hs
hsndss geld silver bank notes b sxehsnge
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lives boomry and resPoadsna iners.ts IN ether
s1s b s al
lions whstsves kind nature shall be served upon the
ssg a.sa at It, THREE
time and in the NJ @ So.n Ths ss 0 s
and furnish their nues h order of the Company for the
81
aes! ss
be agreed " the President and and sixty
siysn = y
a s e p.
GLIDING ne President. to be elected on the lest Monday IL
sneh elections SHAH days previous English and
.@ 4 the ss s.ss IN
holders preside At and / Of said
tssis seats Monday SEPTEMBER f.Iosns
sse:ss e n elections: hos receiving
ss On n
s
she they shall respectively h.d Provided, that indi
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II
days pss q ssSsn \. .,
continue until the second Monday September 1850 or until
ART 5. Al the expiration of charter of this Company,
Or ordered By vote o H. T.
rs debts paid under the charter and Of three
an H. s
aa. airs Of the Company
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ss. e ]. 4. ss: !. s
with the name Of the Company upon the margin.
1 {. case
and 70 % sued plead and Be- imploadsd
and mmunes granted or contemplated by the sta.us
Director Of said tonpsny who hold
partner shares stock Of said Company
The Board q Directors shall q IL rss meeting every yea
the nevertheless the President may DO selected
The hold his office his successor be cleo
ed shall preside at all meetings of the Board and shs
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to Ss ss a. Ds ths
least twenty shares of the capital stock Of said Company
dent ass lis
the Of twenty thousand dollars subject to the approval
Arr. g. The Board of Directors shall have the power
the ss q
ordsin such eyaws rules and regulations as they shs
shall * lhe aompensasn o !he President q ali Fl
clerks and smpSyss Of d COMPANY and shall al
Der or in the presidency. -
said Company may dispose 81 mortgages given them BY way
gs
have abandoned them for concerning the oper
Art. H. The said Company invest its capital mon
.nas sa BE-
the loaned and shall be situated with
" also invest he said capital and other funds in
# G ss By CO.. ss T St s
loans in ssE , any f hs ss9s y sn
S as t.
The Company shall rot have power to make loans predcas
ART ii The stockholders shall not be responsible
losses beyond the amount their respective shares.
pay any ordered BY recio
forfeit 70 the Company all previous payments and
ART H. Should s annual profits Of the Company exc.
The
ss ao s a4aa Of s
carried pro rata 10 the credit Of the notes farnhsd BY
a0' sIfsse
yhsh hs b At the tins q making
q losses whereby the capital ,,oek
made until such dmnuton shall have been covered by
The Company may, by of twohirds Of the stockhe
after its stock has been realised entirely paid
establish reaerve sinking fund not exceeding two hund
xRr. i snail be the duty Of the President and Direct,
in the stockholders certificates for fu paid share
s 81
e u Board Of Ds9 to e be
s K # n ana g it d
'so e1pss s
the Company for the amount unpaid
be transferred shall only when the Board OF
shall consented receive another note
the trAnseree Of the stocks for the amount remaining
on the shares to be transferred.
ART Is. This of corporation be modified, altere
amended said Company dissolved at general meeting Il
convened for that and with the assent of threeou
Of the stock represented at snch meeting.
ART. 49, The and respective interests Of the par
TO this act are declared to be as follows viz:
Names. Shares. Amou
Robert Co. J, ACKNOWLEDGEMENTS. 100 500
Bsoea SoIiom So
| Bonnstup J. Observation-Disclosures. so so
Connolly Co., James. .....,......... so Sc
Frois Co.. Theo ..................... 50 so