New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-10-07
INSURANCE.
SSYsAarn:s AND
NtA-EaNA I'LL -atVKy
ACT or INCORPORATION


ACT or INcoRPonATIoN
of the
Rev Orleans n1utsaai Insurance Company.
UNITED s ANl nF 81 SH oSRSs Or +ou1sr
BEITKNowN, That this day, twenty.seceps Of june
the yr Lord Eighteen Hundred and FifyN me-
in the Eighty Third Of Americau Independence,
Before me- AMErEE nUGATEI, Notary Pable, duly
aud for this City and the Parish Of
Orleans therein residing in Of the undersigned
witnesses,
Personally and appeared the parties whose
subscribed who declared that aSairg themselves of
provisions Of Act of the Legislature Of this State emit
Act for the organization of corporations for works OF
public improvement and aity" approved March the our-
teenth eighteen hundred and 6ve they have covenanted
and agreed presents covenant and
bind themselves and those whom they represent to establish
an INSURANCE COMPANY, for the object and purposes
obligations stpuaens aad regulations foil
ing 10 wit: |
This Company shall in the City of New Or
sns . II Uf I'D
@ Its .a ,s es
may The 1 ia s 81 h e
dated settled up by Of the Of the
s . !. IA. i n ne Stat. #
| the name Of tho Company upon the margin
ARTICLE II.
The object and Of this Company declared to be-
buildings furniture other properly
70 make Marine Insurances upon vessels reighs steam
@ o ss ner
bottonry and interests and to make a and
10 OF
They Rsb sy ays as :. "a
The President Secretary of the Company shall BE- the
p mss,s in ali quits against Company.
ARTICLE III.
The nane. respective interest Of the parties s Act
ere declared to be as follows, TO s Eis-
! S1 hysSSIa ! s i sl
S Sssas5SSsS sstt $S HSS
Hs5ssa ~ & : Bios,
o o6iisHS HARRISON N Z 60, 60:
Capital subscribed, S4l1,Ne
ARTICLE ".
For tho purposes carrying the objects Of this
ton already and these who
ths Ii. ooIpsn
sy a h Be-
dsn. received IL. premiums
lie. y sspa These notes are
Al =, With ss
Ss ss.n p s R.s e shs
II any event te liable he Company in larger
As who ut the maturity :. their notes as
n u
hsir notes and the Of the ,empsny recurring hs
ysan
4.
that may apsesr to ss due on his Or shsI
Ff 4 taf e.
| ssid notes shall be cancelled and surrendered
All the corporate powers tho Company shall se exercised
sx aX appont This Board shall consist Of Twelve persons
sssss! N y
~ s sy CT S sys psvos the pa
Newspapers published the city Of New orean. The Boar
ens' to ap pPs a. sueh said
.ns Or M s'e4 r. elected " hei
seats Oh Monday of October next ensuing md to ho
tho same st ess year hs'F0 or un'
For the arst year that this Company b
following Subscribers shall form the Board Of Director
s'-~"- ALPHoNsE MILTEEBERGER,
- 11SS;sAA7sssss77s
I. k6oHkREAU,
III MILLAUDoS.
G.sABATIER,
i Fh. MELLON,
sa, q be 3
President shall election take PLACE within tie
"a Sns or more +. Cub nss city
rss asnaas ,sss
selves be ofeo member Of the Board He shall hol
The P'esissn, preside y meetings Of the Board
s anr to- Pc IL
The oGces and clerk. employed elected By the
sh pro Sf st r.
ss u s saa @
Ae nor to tho laws tho State q
@ II III an m
occur ia the Board or Presid.ney.
ARr1oLH VI.
Every perso, shall hereafter insure with this Onpsn
and continue be insured and every hedng n h
own name Of his firm, certificate Of the Cor
sbs a9 o. his Company entitled
all nsa ss1 Ss sns s Bods
sddens 4 vote or every hundred
saas ts % sss
@ s se n .. ns h a
yG b ,oa the hss tit,
been transf.rred for period than moash prior
ARTICLE VII.
1t shall lawful for this Board to nves: the prosa Of
bonds and Mortgages e1 m and
Of the pFoa;s and in every
They may also the profits Of the Company in the s!oc
under the laws # a tho United sn no or Of
such stocks security exceeding threefourshs
the psr value Of the same.
The Company may estate TO not
ing onefourh profits though b lawful for
Board purchase in addition, any property which may
said Company ut forced sale of the
In their opinion 1t may be advantage the Company.
ARTICLE WIZ.
The officers Of the Company at tho expiration Of "
time tho FIRST policy shall have been issued and b.
date AM within one month thereafter, and during the
month year succeeding shall estimRt.
made and by the President and Secretary Of the Co
pany the thereof near may be for The preced
year including statement of nFuances effected during
period embraced in such estimate distinguishing brtween
and river policies. which estimate shall DO concius
a persons entitled recve certificates of profits her
after provided for and shall hereupon cause balance
be made Of the affairs of said Company in which II
shall charge each insurer with proportionae share
the losses said Company according the amount
premiums by him paid hut shall snch SHARE exc
The premiums and also with edu. share
the profits Company derived from Investments in
portion to said amount and ssd insurer shn DC