New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-12-14
INSURANCE.
QUARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF MI W ORLEANS.

+
" MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.
BE remembered this twenty stvenh day of the
mouth Of July IN w. year Of our Lord one hss41s sg hum n
America the eiRhty-hfth,
stoned and sSo for the Parish Of Orleans Slate Of
and IN the presence of the witnesses herenef or named and
rn sa Pars1 9s .m
provisions laws of the State p Ioasana relative to
The q an ~ q s g ha
bud themselves those whom they REPRESENT establish
e spss GS'apa SIaons fegsatond
Il s ND h b ssss
h As s9 GofSN4 4 sTi
raons about tho r day Of septemer 1850 and shall
from hereof, unless determined provided in
seal shall be used by the officers of the Company having for
adesiee the coat of Of the State Of Louana for
The seeretay the company shall he the
officer upon whom shall be all ctoHs notices other
legal III matters wherein the COMPANY may be inter
are heeby declared to be
E a %skf n s sa oe
property against loss or dan'sge By Ere
Goods Wares Merchandise Specie Bullion con,missions
debt bottornry and generally
every Insurance npperaning connected with Marine In
itseo be reinsufed against any risk
Article 1s ana n re- sa 81 d the
hIt dt p ssf @ % se s to
pany business furnish their notes. well approved for the
October 1851 for which receipt shall given BY The Presi.
Al or premiums advance such be subject
Ali premiums for insurance made by parties are to
paid conformity with the rules and regulations Of the Com
endorsed on the notes Of the shall have
No sabscrber Of such notes shall any event for
losses the Company in larger thtn the amount that
And case At maturity q the note given aforesaid,
Of paid and the wants wants M Company shall
notes sha have right their NOES for such balance
All the Aforesaid notes shall contain stipulation that should
the Company require IT. the drawer drawers will
faith ina,y the a n 5d that shall s apPcs5
81 value consideration for the same.
ARTICLE FouRTHAl the corporate powers Of the Company
shall DC exercised BY Board of Trustees aud such officers and
Tie Board Of Trustees shall consist Of hirtythree
o. tho Company be elected excep the rst yearl the lat
Rev oTleans as he acting Board shall designate Of Wfe
election they will give fourteen days previous notice BY
advertisements two Of the newspapers Published in said city
and they shall appoint ihee members q hY Company to BIS
Inspectors decline fail attend the President shall have
The Bsaid Trustees thus elected sha take ttetE
the last Monday after the eecti4n shall hold
sae hereffo Or until others Are qualified to act ia
Thos persons receiving plurality shall be consider
ed duly elected IL tbeeyen1 election taking
be held yhiti y after the failure elect and sha give
Notice thereof By in ornore Of the hewspa
nh Board d Trustees shall their hst meeting every
lime p election be exoie9 penbe Of The 89ard ana who
sns o2ia ils o3e5 u 5 s Xii rin II bge o NJ
Trustees the Company and shall c4aduet the business q
II ca e y HI 6sehee X HUFF aiSa IL I a
preside ct such meetings and shall sign m policies Of the Com
pany ,3....1.u...,.- .t,,, .a,...
and clerks elected employed by them IA the service OF the
They ha invest the PROFITS arising fror business of the
Company the manner hereinafter presided for. They
hereby iayested m fellpowef 70 frame snd adopt such by
requisite te government the Company and the tIaDsac
rue intent md eanne of his sct of Incorporation or viii tic
laws STATE; and they shall have fi power Do all oc
necessary for into eee the objects ana
o the Company not herein provided for nd 70 III all vacancies
ARTtcLE ifTnihs following persons shall s9nsti
int III rs Board 81 aGS are hs59Gy 'sssd ~F III
shall bold their until the Monday October eighteen
hundred aud until others elected in their place
BOARD TRusrEEa:
Amaisa Landry, Octave Voprhiss, Y, G. Bsterton,
Alfred po!honde, 9, ] Bell, Y. Cooper,
J j. Iab 1a,s' T. + Logan, RI Rotehiori,
~ he Sss5s Y wagner 45s' Ssfs Learn
Theodore s. FTos ~ A Kent, M Ma. Paig
IL h hsaassn 119iHE s " WI G 6aassr
aud continue to with the Company, every person
holding his own name Or IN the name 2f his firm certificate
Sftsr PROVIDED to snail 6e deemed n4ber # lie Company
eEs aeb Gee sa sis esF2 s X s
R e sha e6e R hoe oae S ye g eya f o ns
hundred dollars ui the amount Of e certificate shall reach
eaTs more shall be entitled TO one additional vote t The
oars When eaei one thousand doaHs more a Be entitled
additional vote Provided beweyef that such
vote within ak months prior to such elettion.
Is gs Sf5 time 10 lime oa i he
Company N S a p oa5G 9n arg
and every case 1ag pegeS msegea she be worth
They may the cash surplus profits Of the Com
- Reg Il, III he United sfse or Of s sta5e or y t
and may make loans o sach es q surplus po on pledge
IN IF Is MT pr5a bat the Board Of Ttnstes NAV
p1TcLsss In addition any property upy have been
norgHged the Company ri any foeed e Of The same in
proso5ed or should require purchase to from loss
mn = Gg5sa ag. e "A eomp3n} se xig
the 'u3e the rst pafcy ot nfanee shall have 9cen
yeslT danse nj Ultimate 10 IL meade sworn Is the Pesf
asgE VIZ @ II 4saess etejed durng NJ
period u such estimate d,stgnising between Fire
upon al persons eted cera cates Of profits are
with share Of tic losses snsalas bY the Com
pah, according 70 Die anonnt Of th premiums y hun paid
1npins and shall credit him m te 5ount It said premiums
Company derived and for The balance which
lied 70 ceriGcath signed by Inc President and Secretary
Ing interest 4 the aie Of per cent re- parable On the
tanning provo TINT the amount theen named shall be Liable
And should any person entitled RECEIVE certificate
indebted 70 the COMPANY o any premiums Gre1ea TO MIN On
time lie certificate exghe The company shall have the right
the certificate shall been
and delivered shall always remain liable the Company
anv Indebtedness of the party whom shall have been Dolly
cred for premiums whether such Indebtedness
fore Issuing of the certificate and transfer thereof
the option of the Trustees until such
Indebtedness shall have been entirely eStingpishcd
And In any certificate certificates of profits shall
he called The parties eled thereto within three years
from the issue the shall be cancelled
and te amount thereof with all the thereon
shall be placed the credit of the Cgntugen ACCOUNT
the after public notice. by advertisement
English for thirty days In two Of the
nnbhed in city, which NOTICE shah set forth the
Of e certificate and the Of the party entitled the
said certificates Of pfgts, than
of sums heWeeuefeu dollars,
shall omitted shall be placed b The credit of the CON
tugen account Of the Company, and applied to the payment
Of the expenses and charges Of rae spcteedng
The certificates shall only Transferable the books Of the
Company, and with its consent
ARTICLE NIETH-Every person whb shall become member
of this Company by eeetng insurance tere shall before he
the that shall be determined by the
Trustees the amount paid shall be withdrawn
from the osapany except provided in the article
shall all the losses Gnde4penses incurred By the
Enssssamuany. 81. +
ARTICLE Whenever tlteacpnmulaed profits shall
hundred
thereafter be employed from year NpaF the redemption
whole on in part years certificates profits, issued
virtue eighth article but the Certificates Of one shall
redeemed until those OF all TIE preceding paid
nnd distinguished, - -=
The hoard az Trustees may, howew any their annual
meetings by Of the whole of theiE
her SO alter and this article, require
Con Of profs TO asa of million Of dollars,
shall apedto the redemption of certificates G
said -o..
ARTICLE FLEyESEH--On some Ghy the first month after
teexpraen of October 1851 from the issuing Ct