New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-29
INsuRANcE,,
GtHARTER OF THE
LOUISIANA STATE INSURANCE COMPANY.
United states OF Ana erfes-gfn3s -
ana-Clty OF New UrieanS

HooiSiANA sfATk INSURANCE COMPANY
United states , e Agsrie..state Of Louise
81 .s:a ssss,s
!hs l1d'psadsnes q 3: United s.,s:: e x. kssy
sd ~ ps.s o.s.a sssss z Lsss.s
organization Of in hi. ssse hsy
and O. :, sea
sURxNcE CoHPxEY for ths oscis pureosss and IN.
der she obligations spaaons and rssuaoas following TO-
ARTICLE This Company shall b established in the city
ass
and other vessels rsghts seanens good wares msr
p!oas bullion money, against
Of he liver inland and such .: are usually
ing and househod furniture and other arees asans,
snd ne any description sosvsr they
Thsh hey have made shall make ~
President q the Company. - N'e>-
Hs 1ss sSsSp capital sick a1sa THREE
n shares Of hundred dollars to be the
Hss u
and ss sS np sss % each and share
manning slightly dollars shas. paysb demand such
sns .hs e s :,
twenty dollars share At such periods
saa e to- ,
IL 70 e ,ss I1d
Board Of Directors composed q nine in
ss @ ssss
Z e.
NIX oieans The Board shat. sp.on. Tires
@
i
saa once n 9. until their
ii
Ssi on A e I'D .;sa
i I'D s i ss. me-;
ss sa 1s s ~
aus cospo1a9p o. company shall = entitled
may given person By PROXY and no Per
shall vote any share transferred TO him within ninety
fSs ns Board Of Directors composed of the follow
Harris and and their term e once "a.
their successors elected.
.ap
wo shall remain in Office until tho final liquidation Of The
ART s. The Company shall It's business on the
&
for n deye e, s sU.s e the State Of Louisiana
AnT i Ihs Company shall have power, certain eass.
and dispose Of the same and The Company shall also have
and to be answered and generally to exercise all rights
and mmunes granted or Contemplated by the statue
,h. ha Be elected
or in the game Of somssil house q which he may be
Board Of meeting in svsry year
elect President Preference shall b given to member
The President shall hold his Office until his b elect
conduct tho business Of Company super.
them eonnersigned By secre!ary. M 's''
he If he
a ns h II The
the Of Thousand dollars subject 10 the Of
Arr O. The Board of Directors shall have the power to
sppeps sSeh se and shall BE-
to ordaa such rules regulations as they shall
deem necessary for the sad Company They
clerk. and oyses of sid Company s2d shall also
Arr Company shall directly indirectly deal
sd Company dispose Il given By way Of
9 Il o f ssssq #
at public sale upon Or orders seizure
AnT. IL The said Company may invest its capital money
or other funds in bonds and on %
the amount loaned thereon shall DO situated whin
the limits Of the parish Of Orleans
or M By or the ass The
per be charged and that nothing herein
gotiable paper do any other banking operations.
The Company shall have power to make loans predcaet
upon the pledge Of It's IN stock. . -
losses beyond the amount their respective shares.
ART 49, ANY subscriber sockholder who shall neglect
nstamen when ordered by the Board Of Directors
the Company all previous payments and
be stakeholder in SAIL Company.
twenty per cent? dividend of ten per the Of
the capital originally paid in cash by the stockholders shall be
ys s Of s e
be pro the credit Of the notes urn he'd by the
stockholders In the said profits should exceed twenty
per the amount thereof shall be carried 70 the credit Of
the stockholders as aforesaid.
is understood that the proportion Of premiums received
sdered forming part of the profits Of said Company and in
loss LOSSES whereby the capital stock Of aad
made until such diminuon shall have been covered by the
profits
er its stock has been realized entirely paid I'M
establish sinking fund exceeding hundred
thousand dollars.
stock Of Company realized entr y i'd
In the sokhod certificates 70" u paid shares
AKr l6 Agreeaby the laws Of this State and with
the fifteen day of September of each year. 1t shall be the
duty Board Of Directors be published in
least Of the city papers in English and French statement
of the alta Of the Company exhibited by Its books The
statement shall be certified and to by the President and
Secretary and shall be- binding upon all parties Interested
be- books Of the Company the lab lily Of the
stockhodef the Company for the amount unpaid III
be transferred shall only when the Board Of D
shall have consented receive another note notes
from the ranree Of the stocks for the amount remaining due
on the shares to be Transferred.
ART Is. This of corporation be modified altered
amended said Company dissolved at general meeting be
convened for that purpose and with the assent Of threefourhs
of the stock represented at such meeting.
Aur Tha md