New Orleans daily crescent., 1860-12-11
=
INSURANCE.
CHARTER OF THE LOUISIANA STATE
~ MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.

STATE OF LOUISIANA, CITY OF NEW ORLEANS.
BE remembered this twenty seventh day Of the
red sixty Independence ofths United States Of
Before EdTstd Barnett sSsy Public dgly sqTmis
and IN the of the witnesses hereinafter named and un
pn and Pa.,isf, names arg s
te organization 81 eorporaops in ths State they had Cove
bn ena ad ho " hey mn
ths obsaons sSaaons p aad following wiz
ARTICLE said Company slal Be be established and
slgasted sGsas y " !s @
aan, an q boat lie st day epiember 1860 and shall
during s la end and term IF i've
s hin be sed by tile officers fthe Company having for
adsyce the coat Of Of the State of Louisiana
Ihs Presidento Secretary o company be proper
legal process in matters wherein the Company may be inter
4RrclE objects and of the Company
af sn On sGf snd os ana
property agsnss loss Or damage h hFs
Wef d @ h b9 an nS
debt botory repondenta interests and generally all and
every nsurLnce connected with Marine In
The Company may esto be rensured against risk
upon which 1t shall hase made Insurance
s ssaIs aSs @ 70 II 5 a@onns *
xii which H. aid parties sbS on he orgnzaon Of he Com
pany business furnish their notes well approved for for the
October iso for which receipt shall 6e given BY lie Pfesi
aor premiums advance and such notes stall be subject to
All premiums for insurance BY these parties 10 be
paid conformity with the rules and regnaons q the Com
the insured until the same shall have
subscriber shall in any event be liable for
,osf L. q aas NE u o9mnanS a oa ar any Soe sum ' S @
b fass 4 hs sanns ao @ IN eo sssn e M f. mdo
Of premiums paid and he wants Of ~ ne Gompany shs %
shan the right TO renew their notes for such balance
All the atossa shall contain stimulation that should
the q s cenPans equTe Ire Gn the a4Es s & or draws T u
Ms Their pot ws'ag T ss,o s and every pie" '' want
shai Is eserctd by beard of Trustees and such officers and
fss Ths Roa4d u T Tasiss eons Of members
Monday in @ ~ Ssh ss q ss df es IL 1s S Gy fSs %
New orleans % & N III asl I s9arteen s note by
in Two # he newsTapss Pgsihsd m @ in Saa eg
ds 4 e 3 Y d if m s & I IL hay as
power io spPoni others e ~ ths yaeSacgf II; ..,
The Board Of Trustees thus elected saa take heF seds on
scar hereon until others are qualified TO act in
receiving plurality Of votes shall be consider
place On The dag h4sd the President shall ecion o
a within @ ss a the 4 ss @ 20 20 t sss II fnd tb a give
PER- pp p9sssd a 81 n ,s si.s at their ar meeting in every
year elect President Yee,Pe4ident who shall the
sha Il oa fffi9 be oce III anl ar I s secsd
ss ps md y m @ cops IA a s Ra III
The Company generally Ee4s s sp9rsi2n p VIII 3 ss seSl @
preside such meetings. and shall sign the policies q the Con-
Ike Board Of Trustees shall ths compensation q all officers
and clerks elected employed hJ them in the service of the
They a invest profits arising from he business q The
hereby invested With a power o frane and adopt such By
@ lsS @ FOR a Sa ssasa Rs as
ton e ~ s.s 1 pTgaa@ @ s sE se @ s 2 " WET VIII s w
ias Ts l ih A sas an3 Rey sha
of the Company provided FOL- aud d All vacancies
anTictg FIFIaThe following named persons shall cqnsi-
the st Board Of Trustees and re hereby ssIs4 wt'h Al
shs sns until Tie last Monday October eighteen
hundred and until others are elected in their place
BOARD TRUSTEES.
Am4aee Landry 2S,sys yg25hiss T. & BRsssFton Rss
xA Xr4 fs5sSa bsssaas afois.S hs '"4'+
Fss 4 Ss;F,s %ssss, 2 Shs \ Seissia 4 tssas
&, = !. HSSst Gfisa l. Bcasosssas, alsn. Mssnianp.
5aiS1Ss: Ssss ss'. n Kent s$9 $sss: dS%s
.as aasss Z Viz Se @p
holding bis oTn 1ans & g Y sa e nss q q M m H % esfeGe
asr provided o shall be deemed member Of The Company
eset!oas; each certificate credit the books s
ssas s thsrso Shall holder every
nnaa M sopa aP oe housand AZ and lien
dollars shall se emitted to one additional @ gote nnt hs
dollars when each one EaSasnS dcsJs Ps s BE- entitled
sfi been transferred The person 'rn claiming
vote within six months prior 70 such election
ARrie1E sEvEsrH-rhe Board ot Trustees shall have the
mover 10 invest from time half Of the profits OF
SPs9s ea s sss % % @ y S @
ea II sy I Srs III ] Seso 'Aa Dc WORTH
ey may aso the cash surplus profits the Com
s gs e ts he RatiHis Hsiied se ss Or o @ j th city
D s99 n %sG fos SGs e 4 or '
m aee a u @ Il nj profs But ,he Btf Trustees
purchase addition any pTepeE,y Fhfh @ T Sy az haze PSea b
a 4sEss 9 h eassRai GIRmgS 2 NV W. ss 6 s
one Ho sisg Of October eighteen hu4dtedand sixty
ued and during month of each every succeeding
sst sesr5afs oi the es Company or tie year
ending including st1iemsn ELECTED dasnE @ The
&asin and policies which estimate shall be conclusive
ner provided for and shah m hsreapoR fhsfsf each Insurer
Snny aecordag to The Of premiums b him paid
shall such as sScssd @ ,s amount y a saG pre-
and with share In proportion thereto Of he profits OF the
shall then apRea 70 ~ m y President and Secretary
sesqnd Monday Of eaeh and every year and
md II sustained By hS GomRny
s G a III n nj ha1s p 81 sa e hn At ~
time he cercate exgble the company shall have the right
y m psaFss e he 5 Say n Of hs sad
and delivered always remain liable HE Company for
srs spy sp ss s
issuing o The eerteSts g ga aga no transfer
ss s,sahspdness shall entirely extingushed
nd in case certificates of profits shall
he Called for parties entitled thereto, within three years
from the their then the shall be Cancelled
aud he amount thereof with all the interest accrued thereon
shall be pced the credit of the Contingent acconnt
lie books Company after public notice. by advertisement
in French English for thirty days in two Of the
nbt;sbea In ts cIty which Shall the amount
I be certificate of the party entitled TO the
In Issuing the said certificates of profits sums less than
aaYs and fractional sums dollars
shall he omitted shall be placed the credit Of the
tinren of the Company and applied to the payment
IF the exDenses chRrges of the succeeding
shall only be transferable the books of the
eompany, and withits consent,
ARTICLE NlNrfi-Evety person who shall become member
f ts Company ecctng insurance therein, shall before he
rceiye mis- policy the that shall be determined by the
Trnstees and paid shall be Withdrawn
from the Company except provided in the next article bn
shall he all the losses and expenses incurred by the
GompanY,
ARTICLE Whenever theaccnmulaed profits shall
exced hundred thousanddoars the
thereafter employed from to the redemption, ii
whole each years certificates of profits issued by
virtue Of The eighth articles but the certificates of sha
not be until those Of all the preceding pat
and eXtiDguished r .,,
meetings BY the sohiras Of the whole of their
ber 80 alter and this article require acenmua
linn of nris of million of dollars, before th
Shall appedto the redemption of certificates aoe
said.
AprIeiE IEyEsTH.-0n Say in the first month aa
tha expiration Of OF October 1861 from tie issuing
he t policy and within the first month Of succeeding
ear the ofces Company shall 10 be made unde
th shall publish according to law, General Balanc