New Orleans daily crescent., 1860-12-21
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.

Be II remembered that this wenyseyenth day Of the
JGy Il he % # Sg S sps eaaaa s ns s
Aaesea the eghy-ifIbh H.. Notor ub,,. du .o,o,,,..
ene and sworn for the Parish of Orleans Of oueana
and e Of the witnesses hereinafter named and un
Personally and appeared The parties whose
lie provisions Of HE laws Of the State of Louisfana relative to
e S go A. y s ss ssy 9sd
bind themselves and those whom thes represent o establish an
The obligations s1patons and regulations following tow
ARTICLE FIRsr.The said Company shah be established and
gnsta Gsse II BY f bs s e and e o he sTATE M
10 1L INSURANCE COMP ANY u shall commence It's
exist dnring the full end and term Of twenty five
from the hereof unless sooner determined as provided in
seal sial! he used by the Company having
device The coat of tie State oi louisiana and for
Inscfip,ion the nane Of the ComRanIy .,..
officer upon whom all citations, notices other
legal process in matters wherein the Company may be inter
ARTICLE sEcoSpThe objects and purposes Of the Company
Fi nuke Insurance on Dwelling houses Stores and
other Buildings Household Future Merchandise and other
Secodfo make insurance Vessels Steamboats, Freghta
fSSs PfS: Bas sos B EsSas
debt bottomry and espondenta interests and generally all aud
IgS5s inSd RsKs ''' s' ~
The Company may itsefto berensured against any risk
ARTICLE TaRDThe names aud respective interests q the
All which said parties shall on the organization Of the Com
pany for business furnish their notes well approved for the
ecnnt Of hef Subscription and made payable the first Of
October 1851 which receipt shah be given By the Pres
premiums advance and such notes stall be sulec 70
i remufns for insurance made by these parties to be
paid il conformity with the rules and regulations Of the Com
of the insured until the same shall have
Ne subscriber of such shall any event be liable for
losses Company In larger sum than the amount that
Ind in Gaze At Tie maturity the given aforesaid
heFs G a ma aad be wants Of the Company shall
not require the payment q saa Daee % s far b % o. aen
tie afoesad notes shall stipulation that should
the wants Of the Company require H. the drawer drawers will
pay in good faith at maturity the amount that shall appear 10
Of value OF consideration fnr the same
Article the corporate powers Of he COMPANY
ha he exercised by Beard Of Trustees and scA oceFs and
Te Eoard If Trustees shall consist thirty
of the Company elected except the first yea the a
Monday in september in each ear n kgeh place n me c5
election they will give least fourteen days previous notice by
tTa # the g pgsed m ID ssa ely
side inspectors such election and should Of the said
INSPECTORS decline S ~ # s sSe 9eca6eeF s President shall have
The Board Of Trustees thus eected hal take theT e4s %
same year herefrom until others are qualified to act in
Those receiving plurality of votes shall be consider
ed and declared dgy elected In he event OF no election
bs held within len days the failure elect and shall give
Ths Trustees shall at ;heiE first meeting in
lime Of election be exoico members Of the Board and who
shall their office until their successors shall be elected
The President shall preside all meetings Of the Board of
of the Company and shall conduct the business Of
the Company generally under the supervision of the Board
In o the the President the Vice President shall
preside at such meetings. and shall sign the policies Of the Com
pany. sou4.. -, i,
The Board of shall fix the compensation Of all officers
elected orepoyed by them in the service Of the
Company.
They sAa the profits arising from the business Of the
Company in hereinafter provided for They
hereby invested with fn power to frame and adopt such by
laws rules and regulations as they may deem necessary and
regus,e for The of the Company and the
lion a4irs provided the does not conflict with the
DJH
laws Of this Sate they shall have full do all other
necessary carrying into effect the objects and purposes
Of the Company provided for and 70 I'll all vacancies
that NAV occtri in their number.
ARTICLE FIrTH-Te following nEraed persons shall consi
ue the FIRST Board Of Trustees aug hera vested with all
The rights and powers specified in The preceding article They
shall hold until the last Monday In OetebeT eighteen
hundred and Bixyone until oilers elected il their place