New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-27
INSURANCE.
CHARTER OF THE
" LOUISIANA STATE INSURANCE COMPANY.
United States OF Amerlcn-State OF LOuisl.
nna-Clty of New Orleans.

united s sns.c e A II New osissns
IT KNOWN tina. vi. twenty Seventh s.y Ct J:,y
" f.I 5s.1: 4
sfersssid dnly aomRissionsa and
@ N S NIX and M
der the obligations spuatisns and regulations following to-
ARTICLE This Company shall established in the city
S q ss
Ant T. The tho ss arc DECLARED to Be- 2
and other vessels frsgh seansn,, good
pioas baon money and against ali risks and rsfs
81 the river inland transportation and such usually In
iass and she against
Which they have made Or shall make Insurance.
tons kind ,asrs shall DO served sDoa the
4ISTsb aired III RE
Thousand hundred dess b paid At she
g 4. me 81 II
& dSs X. n sseo sna the
e 81 s
each share =. such periods nd :.
fs
u shall % given Of .. = b .ds
exercised BY board Directors Of nine psrssns IN.
=: e d. .,.;s:s SS:s
~ ~. = H. =
New Orleans The Heard shall speest Tires q the stesk;
rssseors Seeias or fa 10 asa Prssdss shall spssat
others 10 iii Bs.ra shss elected sh. ssks
Ell in oss enc year lsefron until thsir
4; l.
slse'. taking ss Il: ~ Il, T. r. ri r.:
s dsss .ssl, : ssa
i:s s !. 4: ~ =!
she or they shall respectively h'ld Provided that isdi
vdss Cooperation ee.pasy .h.l y entitled greater
1as Of ~ either T. pss
shall share transferred to him "hia ninety
sg named Z z j. N Hssslt Lsg.ins A.
r. H. Harris and r. Gsnucheau and their term Office shall
their successors are elected. ' ~
AIT H. s1p.,s. 4 s charter hart & this coTps1y
after provided for the ompany qudeod
ones to ). apponted by the Board Directors
shall remain in Office snl the final liquidation Of the
4 81 sepebe9 nsa and said Company shall s1i.t for
having for Of tas State Of Louana
With h hs o hs a pon
By Article tenth by Re, rsfsys and
And dispose Of the same and Company shall also have
= ;s e a %
and immune granted by the statute
AIT g. No person shall be capable of being elected
Director said Company who does not hold in his
ns ten shares Of The stock Company
The hoard Of Director. shall Its meeting every year
elect President Preference shall be given member Of
M board nevertheless the President may DO selected
The President shall hold his Office until bis be elect
cd He shall preside all meetings Of the Board shall
se,ss
them to be conntersgned by the Secretary
sockhoder shall DO esbs Is pIssiden unless he owns
Prior to entering upon the discharge his duties tho Pres
dent shall for faithful performance Of his duties
dollars
he Board Of Directors.
Arr O. The Board Of Directors shall have the power to
appoin such officers clerks employees shall
ia ordain such bylaws rules regulations they
deem necessary Of said Company They
have power to iii all vacancies which may their
ARr TO- Ssid Company shall directly indirectly deal
or trade in buypg selling goods merchandise
aid NAV dispose ii mortgages given them BY way
security or Of stock pledged for security property
yeved 10 them In action debts previously
al public sale upon by
s% Been is the
lions Of their business.
ART. il The said Company may invest its capital money
improved real estate which every shall worth
double the amount loaned thereon shall situated within
Il may also invest said capital and other funds In any
bonds or stocks created BY United
States or Of this state or Of corporations State
loans in pledge OF any of the securities
stu In nrovidd that no higher
nt he charged and that nothing herein contained
s a. to authorize the Company to discount me-
sahI. nsnar or ,o do sny other banking operations
The COMPANY shkl not power make loans predcsted
$500 ~ nisJgs nj liza .n
Lar