New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-16
INSURANCE.
CHARTER or THE LOUISIANA STATE
" MUTUAL INE#RANUE COMPANY.
STATE or LOUISIANA, CITY OF NEW ORLEANS.

Be # Remembered that this twenty day Of the
a n u i ma gIf 1a S IF o o s an a
America the eehy-ifth,
Stoned sworn for tho Parish ii Orleans State 81 ousa
and n e presence of the witnesses hereinafter named and I'M
Personally came and appeared The parties whose names are
the provisions Of the laws Of the State Of Loqana relative to
aad asrecd and BY ihee presents agree Ind
bind themselves and those whom they represent 10 establish
he obsaons soaaons Va and Sp resSaton following o~
Article FrRsrThe said Company shall be established and
" m RS e s 4 h @S
day Of September, 1860 and shall
exist fer and during The full end end term e
APtfe III i2 a,p nS'e9 uV' ''s'' N' p''a'' "
used by thc officers Of having
Of The State Of Louisiana
III dr. Secretary Of he shall be the
sss ss@ Hai' TSsr' Ho ss 8
4arrctE objects and purposes the Company
First make Insurance on Dwelling houses, Stores and
property against 1oss Or damage By IRE ,
maTs Insurance @ Vessels Steamboats, Frefh
Profits Bank Notes Bills Of Exchange and other evidences Of
INSURANCE connected with Marine Or In
The Company may cause ityefo against any
upon which II shall have made insurance.
parties Y This declared TO be in total amonn s 1901 800
rs ~ w h sa pgs aa F. na e ao y III @
of their Subscription and made payable the hFst Of
dent u liz Company, acknowledging ne same
premiums advance and such shall be subject
All premiums for insurance made BY these parties e be
pany and the Of such premiums when paid shall be
endorsed the Of the insured until the same shall have
No subscriber of such notes shall in any event liable
losses of Company larger than the amount that
And ID case It he maturity Of the notes given aforesaid
there shall balance due thereon after the endorse
snt q premiums paid and The wants Of the Company sha
shall have the right renew their no'esfor such balance
All The aforesaid shall contain stipulation that should
the wants S h @ as areer 81 apesS
he due on bis OF their noie wayng az end every plea OIL want
ARTICLE the corporate powers of the Company
shall be exercised by Board Trustees and such officers and
ef TSs Il snay Il a Tyrasiee sha consist
%ohdy IN IN eaeb year t such pase the city
New Orleans The acting Board shan Designate Of which
% - # e S ba n sa d.
s a e n " seh election nd should nv the ad
inspectors decline fail e send The President shall have
The Trustees thus elected shall take their seats on
Monday IN October after the election and shall hold the
year thereo or until others are qualified TO act in
Tose peons receiving plurality votes shah be consider
ed and declared duly elected IL Of no election ang
be Held within len days the failure elect shall give
ethefeof BY advertisement ia Of the
Ths Board y Trustees sha !bei Amt meeting n every
lime Of elec5n be exofco members tie Board
thal hold theft until their shall e elected
Trustees tile Company aud shall conduct the business
tho Company generally, under The ion Of the Board
In tho of the President, the Vice President hai
preside such meetings. and shall sign the policies of the Com
paBy.
Board Trustees shall fix the compensation Of all olce
and clerks elected employed Wy them IN the service Of t
Company.
They shai invest profits arising from the business of th
Company IN the hereinafter provided for. They
hereby Invested with full 10 frame and adopt such by
laws rules and regulations, they deem necessary ant
requisite for the government Of he company ma we tassc
fion affairs provided the does not conflict with TIL
true intent meaning GT this Of Incorporation with lh
laws State md they shall have fu to do allothe
necessary carrying into effect the objects and purpose
Of the Company provided for and 10 iii all vacahce
that may occur in their number.
ARTICLE FtFr.The following named persons shall eonsti
Trustees and hereby vested with III
the rights and specified in The preceding article The!
shall until last Monday in October, eighteei
hundred sxone until others elected In their place