New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-17
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY.
sTArE or LOUISIANA, oIrY or Nrw ORLEANS.

~ AoioAii lNsekASGE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS
Be remembered, that this twenty seventh day Of the
month OF July in the of our Lord thousand eight hun
drsd ana md e te Independence Of the United States Of
1 sG So5 ne GG~s BPs NSary rasS day
and ~ the presence Of the witnesses hereinafter named and
Personally and appeared de parties whose
The organization IF corporations in this state they had
bind theesc and those Whom hey represent estsbh an
m a tue snd and gnde
ARTICLE FIRsrThe said Company sha be established
located ~ the city Of Neg Orleans ana shall be known and
TG4L iSsuRRNGE i shall commence is S ops
es o md e ds liz @ eaG md am ana y sr
from the date hereof unless sooner determined provided
shs be used sy the Sfssrs having
inscription the name Of The Company
officer upon shall citations notices or other
legal process in matters wherein the Company may inter
ARTICLE sEcosp-The objects and purposes the Company
Firso make Insurance Dwelling houses Stores and
seeoddro tae.e Iasasneso vessels STEAMBOATS,, Fregh
Profits Bank Notes Bills q Exchange and other evidences II
every Insurance connected with Marine In
The Company may cause tsefto berensurad against any risk
upon which i shall have made insurance
parties 70 this declared to bs in total Of s0lO
All which parties hhhl, organization OF the Com
pany for business furnish their well approved for
emo2nt Of he .nd msds payable on the as q
dent OF the Company acknowledging have received tho
q r " Ind 'nea noe' shall be subject e
eo iSf With tie Tn md y Rns o a5e Come
pa9y and The amount q sueh pfennS when paid shall be
p n Sf notes q s an' 's same shall nave
subscriber shall in any event. liable for
losses Of the Company in any larger sum than the amount that
And IN ease 1t maturity the given as aforesaid
there shall remain any balance due after the endorse
not require he payaeH q said balance the Or such
notes shall have the Y renew their notes for such balance
ali The Aforesaid notes stipulation that should
pay ii good ah naarity the that shall appear
q su % ~ s. every 'sA p
X ds s &c s O. he Company
The Boaa u Trnsees ha consist u thytee members
Of the Company 70 be elected Except the first Year. The last
Monday T. September b. each Ea e s sGe pass hs G
election they give previous notice 81
aSd y @ appoint fes P s
is 's d III s & IT, 1--we s
power 70 appoint Others TO I'll Tie vacancies.
the last Monday in odiosr election sha hold he
year heteom until others nrr qualified % act in
T6ass 5sgsiyng piYraty oa ss eoader
PLACE 9n III M ass @ PssfsTt shs e1 s A. esetioa 70
notice thereof BY n one or more Of the newspa
The Board Of trustees sha their meeting in every
year President and Vice President who shalt the
shall hold heir office un,i heir a IL elected
Trustees md Il the Company and shall eoadSet lie Saiie 81
5e Ssay " gegs[ Hi M ys y 2 b9d
preside such meetings and shall sign the policies Of the Com
Te Board Of Trustees thecompensation oacers
and ce4 elected employed Wy them Up the services Of NE
They shall the from the business the
hereby invested win fa pewer ~ ND adept Ut
resa i or tc y he Company aud he c
ton aI.ts provided The conflict with the
ma of the
laws * s stata and ays full power Al otheF
Of the COMPANY hen provided for and to fill NIL vacancies
AETets FraThe following named persons shall consi-
tue he r Board of Trnste and hereby vested with All
shall hold der until ibe Monday u October esicea
hundred and unu others elected il their place
TRUSTEES
Amadeo Landry Octave VOORHEES, W. G. Betiertou,
W i $ S35s. 5hSod Ss Eaas, Eta ss S5s
John Candy, K Botdeos Il Hickman,
fpgfp n1r, z G & Lqssn' ba eo,fh hsej.
in. Robert JIM, Wagner, J. @ MGLearu,
Theodore Frois, " IA Kent, Magin pug.
4 + B BShnsion = ae. W b. Congo Gonssr.
"a sss & N, Sss ,, an. hsrsse, ass
holding his name or in the Of bis firm certificate
sef provided for sbas Be ae@bsT The Company
ss a6s 'ss s oe Al
@ no eh a sb h @ o ya o sF the
hundred dollars nnl the amount Of the certificate shall reach
dollars entitled one additional vote until The
amount Of The certificate shall Eeaf The n Of Se Ihoaand
additional Provided however that such certificates
aoe Within * iaonhs ptfof 10 such eeoon 10
sEyEs1n . Beard Of Trgses; shall hsye The
sc4sa e IN S sa RqSff a n e fs
and in every eae the property morgased shall be worth
They may aso invest he css q surplus profits Of the Com
pany the Of bonds or stock created By under
any * lie aforesaid securities. bonds stocks,
The hold real
ing ii profits but the Board of Trustees ny
purchase addition any property which may have been
oTgagfd t. 'hs GgFsas Y a1y Tered e e e same II
promoted should require such purchase from loss
EtonTaIhs eteeEs of the Company shall within
from lime rs BS Of ss ns ss hay en
eus ,ss a enae 10 e made sorn 10 by The PlesI
dent Secretary Of the Affairs Of the Company for The
period embraced IL estimate distinguishing between Fire
Gpon ali persons entitled certificates profits here
oE and sha nsEengo1 hs5s each
pany according 70 the amount Of die premiums By him paid
shall credit him with the q said premiums,
a sd for or b bshee S e
70 be in favor Of the he shall be emit
ing The rsie Of payable The
tanning poyso that the amount therein named shah
for and a. By s r.
indebted to the Company premiums credited him
time he certificate + eSgible The company shall have the RICH.
S s @ 6ave BEEN et III issued ad
and delivered shall always remain liable Company
any of the party whom ii shall have
cred unpad premiums whether such Indebtedness
fore Issuing the certificate
shall be made except the option Of the Trustees
Indebtedness shall have been entirely eStngnished
certificate certificates Of profits shall
be called for by the parties entitled thereto within three
the date IF their issue then the same shall be cancelled,
thereof with all the interest thereon
shall ID placed % the credit Of the Contingent aeconnt
the the Company after public notice, by advertisement
in French and English thirty days. the newspapers
nblised in h,s SitY, which notice shall forth the
Of ihe certifcate and Of the party entitled tile
In is9ing lie said certificates Of profits
dollars and fractional pafs sums dollars
shall omitted and shall be placed 70 the credit Of the Con
ngent account Of the Company and applied to the payment
of The expenses and charges Of tile succeeding
shall only be transferable the books of the
Company, and with It's consent.
NINrH.Every person WHO shall become member
of this Company BY eheetng insurance therein shall before he
policy the thai shall be determined by the
and the paid shall be Withdrawn
the Company provided in the article but
shall be liable for all the losses and incurred By the
Comuany.
ARTICLE Whenever theaccnmulaed profits shall
tho of hundred thousand dollars the
be employed from to The redempton
whole II part each years certificates profits issued by
redeemed until those of all the preceding paid
and extinguished.
The Board Of Trustees may however, any their annual