New Orleans daily crescent., 1860-12-08
INSURANCE.
NHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY.
ssrArr ortloulsrANA, CITY OF NEW ORLEANS.


estate oFtLours1ANA, CITY OF NEW ORLEANS
GBe remembered that this twenty day Of the
on q In the year pf our Lord sight hun
9meTiea the eigity-ffth
fonee and sworn the Parish of Orleans Louisiana
I'd II the presence of the witnesses heeEaer named and
qa
provisions the laws the STATE q oaislsna relative
] p and az ~ y sy aa AND
nd thasssss and ess Whom hss represent g ssash an
III Ssss Rossas
said Company ss Be b. a and
h hs a9 Mp S z es sTATE r Mu
tions about dc rst day Of September 1860
tho date hereof unless sooner determined provided in
sea shall be used by the officers Of the Company having for
device Tie coat the State Of Louisiana and for an
Prssdenor Secretary o he COMPANY be the proper
Pssr whom shall BE- served AZ citations notices other
ARTICLE objects purposes Company
%skf ps s5i' sn ohsl fa
property against loss Or damage by fire.
Goods % Wares Merehandse s Specie Halon, cornnssons
Bann Eee and ad
70 or connected with Marine or In
Company may elrto against any
AaTIcIE names respective interests the
e Ia sha @ e y o # s
pany business furnish their notes well approved the
asS = y y Fl
ne and such s b
4 all the Contingencies Of capital
pad ii conformity with the rules and regulations Il the Com
endorsed the of the insured until the same shall have
No subserber Of snc notes shall any event be liable for
o the Company in larger sum than the amount that
A II sys a.
roent of paid, the
no. require she q said balance the drawers Of sneh
pay good faith maturity the that shall appear
Of Saias or consideration the
.ha &c E had @ odS any
clsEks thsy pqy appoint o consist Of
of tbs Company escied texcept a yea tbe
New Orleans u lie acting Board shall designate Of witch
election they VII give at lss fourteen ays previous notice by
they shall appoint three members of the Company pre-
fnspecors decline or a o attend The President shall have
g appoint others TO GIL the yaeanses
the last Monday in October after the secon and shall hold the
sse s of until 'Aets are qslhed to ''' IN
receiving plurality shall be consider
place day 6xed he President shall election
ed within days after the failure elect, and shall give
thereof BY advertisement in one or more Of the newpa
Board d Trustees shall he meeting every
year elect President md Vice President who shall the
election exOnieio members of the Board
shail hold their Office successors be elected
rt@ sa e s copg and a y @ sSs q IL
hs Company generally @ adsE The I y 81 hs Bofd
preside such meetings and shall sign the policies Of the Com
T6s Board shall compensation Of all officers
and clerks elected employed by them in the service of the
Tbsy ssall the profits arising business Of
ssesy Invested viii power to frame adopt such 6y
requisite for The Of the Company The
toh Of IL as provided The does not conflict With the
laws of his State and they power
necessary effect the objects and purposes
of the Company herein provided for and to Gil all vacancies
tu,e the Beard Trustees hereby vested with ali
sRs s i 1sa sea aat Re Monday oeoba
hundred and yone until others are elected in their place
TRUSTEES:
asPs
John ii oahdy, Ss41 !, Rordeicis, ! aieEman,
fhfpGfGs L Gsls J. da!sPse & saa Chs f"!@5ad Leeds.
t3ss Il %ssss ssa 4Sssa@s ass:Rsnn
@ Theodore Fros, w. A. Kent, Magn Puig
j ( sssissS ssasssn j. 5T9HH Herr WI " B. 95aaas e9ssr
Article sxTH,Eyery person who shall hereafter insure
has fSh hi own Az Rfsss
sr Provided to ha Be dseea eeP Il lie Company
s $ sy ss @ s ss ps s % Soo X 81 s
any qgdO,ed BY esses sustained afler
@ hassd Gsa aaa lie il Be eeraeae sa feScs
ot one thousand doar and hen each hundred
anonnt Of the certificate shall reach thousand
Vote within IL months prior % sa otsaSn y m
ARTICLE sEyEsIH The III Board Of Trustees shall
Gsmaa % fs sy e ssa D s and n s
aud the property mortgased snail be worth
Thsy may also invest lie ch surplus profits of the Com.
Of bonds or stocks created E under
and make loans o such cab surplus profits on pledge Of
TbeT \
ing o is profits but The Board Of Trustees
morgssed to The Company aany fofccd sale Of e
prompted should require suc purchase to save from less
Article officers of the Company shall within
one from ae time the rst policy Insurance shall been
ssne during the first month Of each and every succeeding
dent Secretary the affairs of the Company ior tue
sriod estimate distinguishing between Fire,
Marine and RTeT ps he d nyo BE
provided for and shall therenpon charge each insurer
ay according e The amount Of Ihe premiums by him paid
niuns shall credit him with the of said premiums,
with srs n eIs en of of bs he onss T bs 5
sPpss s Be n Syg M e a s nn be
the rate OF per per annam payable On the
n s ss pa 5s
Tor any losses sustained by the Company
5 ng Pd ~ 1 hR It @
TINS he esgibe ths shall have he nigh!
s asea s a aTs e s
and delivered shall always remain liable to the Company for
any Indebtedness of the party whom shall have been deliv
red for unpaid whether such indebtedness
fore or after the Issuing the certificate and thereof
shall made except the option of the Trustees until such
Indebtedness shall have been entirely extnguished.
certificate certificates of profits shall
he called for parties entitled thereto within three years
from the their ISSUE then the shall be Cancelled
and The thereof with all the interest accrued thereon
shall be placed the credit of the Contingent aceonn
the books Company after public notice. advertisement
III French English thirty Of the newspapers
ubishe in tins city which notice shall forth the
Of the certificate and the of the entitled the
In Issuing the said certificates of profits, less than
dollars and fractional between OF dollars
shall be omitted shall be placed the credit Of
ngent of the Company and applied the payment
Of the expenses and charges OF the succeeding year
certificates shall only be transferable the books of the
Company, and with its consent
ARTICLE NIsTH.-Egery who shall become member
of th eectng therein shall before he
receives policy the rates that shall determined by the
Trustees; the amount paid shall never be withdrawn
from the Company except provided in the article
shall be liable all the losses and incurred by the
Company.
ARTICLE theaccnmuated net profits shal
five hundred thousanddelars, the
thereafter employed from to The redemption, ii
Of each YEARS. certificates of profits issued by
not be those of ali the preceding years pad
and extinguished.
The Board Trustees however. any their
meetings. the of wohirds Of the whole of their
amend this article
tnn of million dollars
excess shall applied the redemption Of certificates
SAIL