New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-06
INSURANCE.
CHARTER OF THE
~ LOUISIANA STATE INSURANCE COMPANY.
United States OF Americn---State OF LOUISE
Rna-City of New Orleans.

~ LOUISIANA STATE INSURANCE COMPANY.
o"'' "ss.-cisy of New 0sisan 8. A'"''-
BE II KNOWN, that his Twenty Seventh day of July, in
Fourth, before EDw RaRSsrF Notary ~ rasle In
duly commissioned and sworn.
the # the laws Iousans relative
ss
hs sn
der the obligations spuatons and regulations following to-
Article This Company shall be established in the city Of
Ss-
Act Ths Of the are to Be T.
so ssa
Of the river inland transportation such usually
n furniture and Articles against s
and upon s. ss a and other
and life Of any lind and they
ions Knd NATURE Be served upon the
s. 4RSTssbs Sss ssss
dollars each 30 paid at he
ms ~
s1% & twenty dollars In cash on each and share
ns.ansnts twenty dollars each share such
Rgteeu president Directors,
This city, sha, b given Of payment payments
s ss
such elections shall be given previous English and
The
others TO gil such vacancies The Bod thus elected shall
remain in Office until their
a & II
~ sss0n shng r. on the day the
hereafter and give Of same By advertisement
IN sss nd +
shall BE- to vote for each and share which h.
number than twenty In ali elections Of Directors
within
The s Board Of Directors shall composed of the follow
Thso Fs
Harris nd and their once
s. Al the expiration of the charter Of this Company
sna q Of
shall remain in Office until tho final liquidation Of the
H. shall, com its business The
coat q d the State Of Iousana
n
by article tenth buy
dispose of ihe The Company shall have
and to Be and senera exercise ali The lights
and mmunites granted contemplated by the
AaT. g. No person shall be capable Of being elected
in the of commercial house which he may
sas n Of s IS . Of s
elect President Preference shall be given to member Of
the Board nevertheless the President may be selected from
Il ss 1 ad hi ssp a ks ssss
conduct The business Of the super
shan eligible P,ssden. unless he
p d the his uss H.
Of Thousand dollars subject to the approval Of
ART The Board of Directors shall have the power to
appoint such officers clerks and employees shall be
ordaia such BY laws, and regulations they shall
deem necessary for the Of said Company
clerks and EMPLOYEES of said Company and shall also
shall directly indirectly DEF.
said Company dispose Of mortgages given them by
ssys S f. ssssq #
purchased public sale Judgment orders seizure
~ to them for or Concerning the
ARR il. The said Company may invest its capital money
Or other funds in bonds and MORTGAGES on Authenticated and
double the loaned thereon and shall be situated within
may also invest The said capital and other funds in any
bonds stocks created By or under the laws Ct The United
pledge OF any Of the aforesaid securities
provided that higher of interest than eight per
per be and that nothing herein contained
gotabe paper, to do other banking operations
Company shall not have make loans predicaed
ART L. The stockholders shall not be responsible 70,
Losses beyond the amount OF their respective shares.
when Board
the Company al payments and
twenty per cent dividend Of ten per the
capital originally paid in cash BY the stockholders shall b.
hy dsys ss the of s
be carried pro the credit Of the notes furnished by
In the said profits should
the amount thereof shall be carried TO the credit
the stockholders as aforesaid.
Understood that the proportion Of premiums received
which shall not DO at the time of making
sdsrsd forming part Of the profits Of said Company and
LOSSES whereby the capital stok Of said
until such dimnuon shall have been covered by
profits
after It's stock has been realized entirely paid
establish sinking fund not exceeding two hundred
| thousand dollars.
stock Of Company realized entirely I'D
the stokholdt certificates o- fu paid shares
AIT 6. Agreeaby 10 the laws OF this State. and with II
duty Board of Directors to be published
of the city papers, in English and French statemen
shall be certified and sworn to by the President
secretary and shall be binding upon all parties interested
II. No stock shall be transferred unless the transfe
books of the Company and the lab lily of the
sockhode the COMPANY for the amoant unpaid
transferred shall only when the Board OF D
shall consented receive another note
on the shares to be transferred.
49, This of corporation be modified, altered
said Company dissolved at general meeting
convened purpose and with the Of hreeourh
of the stock represented at such meeting.