New Orleans daily crescent., 1860-08-08
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTuAL INSURANCE COMPANY,
STATE OF LOUISIANA, CITY or NEW ORLEANS.

Be II remembered thai this twentyseyenth day ot he
red SIXTY and q te Independence Of Tie United States of
America the cghy-bt!h, ,.,.,,.a,.
stoned and sworn for the Pas u ORLEANS State y oGsann
and in the presence of the witnesses hereinafter named and IN
ps5s9oa end @ @spRsssgd a 3 "ssi Tsqc %
provisions Of the laws Of the State Of Louisiana relative
nanted agreed and do by these presents agree and
bind themselves and those whom they represent establish
Insurance Company the objects
the obligations, stipaatons regulations following to,wit
ARr,en FipsrThe said Company shall be established and
located in the city Of New Orleans and shall be known
gnss1 m asm Ng 1 MP s q e S spM IL NM
aions about the first day ofSeplemger 1860 aud shall
eSs fo aud during the ll end and tenn of twenty i've years
Article l2th.
seal shall be used by the officers Of the Company having for
device the Of Of the State Of louisiana
nssiipton Sc, m the lH. nams Of the Company
s.i.i ss process in matters wherein the Company may Dc inter
Article sEcoNnThe objects purposes Of the Company
First-Io make Insurance Dwelling houses Stores and
other Buildings Household Furniture Merchandise other
make Insurance Vessels Steamboats, Feights
o Bunk Notes B d HS%h ohcs Ss'S
debt hoonr and respondena interests and generally all and
every m to or connected with Marine or I
upon which it shall have made insurance.
ARrelE THRDlhe names aud respective interests Of the
All which said parties shall on The organization Of the Com,
Pn for o @ s sn 9S s %s pr 1 for for the %
October lSoi for which receipt shall 6e given by The Pres
dent Of the Company acknowledging 10 have received the e
aS for premiums N advance and such notes shall be subject
Ali premiums for insurance made by these parties ire to lie
paid in eonioiy with the rules and regulations Of the 0n
endorsed the Of the insured until the shall have
10 SUBSCRIBER Of such notes Shall in auy event be liable for
losses Of the Company in larger than the that
And in he maturity Of the given aforesaid,
there shall remain balance due thereon after The endorse
msut Of premiums paid e9d ~ wants OF the Company h
no! eqfs shs payment Of sad balance The dMg Of 5gch
All tine aforesaid notes shall contain stipulation that should
pay IN good hth ln,try the amount tai shall appear 10
of value consideration for the same.
AFTle1E tls seePoats e powers o s Company
clerks s e 9s hgy m4y 9S appoint, a, ~
Of the Comnany be elected except The first lie la.
Monday in September in each year a. such place The city q
election they viii give AZ lsa fourteen days previous notice y
and hey p appoint Three members Of the Company to pie
side Inspectors such election and should of the said
to spen eSsrs so to m he vscnse S'SA sa nave
The BoAtd Of Trustees thus elected shall take their
the last Monday in October after The election and shall hold the
year thereo or until others are qualified to act in
Io persons TSgeisng plurality Of votes shall be consider
place on he day Nst he President shall case an election e
be held within ten days after The failure 70 elect sn shall give
pers published in This city,
year elec:a President and Wee. President SHALL The
time Of election he eNoeio members Of The Board who
shall preside all meetings Of tile Board
Trustees and Of the Company and shall conduct the business
the Company generally unde the supervision Of the Board
the the President, he Vice President shall
preside such meetings and shall sign the policies Of the Com
pany.
The Board of Trustees shall N heeompeusaon Of all officers
and clerks elected employed BY tbem in the service of the
Company.
They Shall invest the profits arising from The business
Company in the hereinafter provided for They
hereby invested with full power frame and adopt sch
laws rules and regulations they deem necessary and
requisite for the government Of the Company and tue
lion ftirs, provided the with
meaning this incorporation
laws and they shall have full power
necessary for carrying effect the objects purposes
Q the Company not herein provided for and % ill al
tliat nNy occur IN tleiE number ssgSa7t7"
ARTICLE FfFTHThe following persons shall cons+
the first Board 0l Trustees, hereby vested with all
the rights mud powers specified the preceding attele They
shall hold their seats nnti the last Monday III October eighteen
hundred aud iNyone until Others eleeed in their place