New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-12-13
INSURANCE.
CHARTER OF THE LOUISIANA STATE
~ MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY or NEW ORLEANS.


STATE OF LOUISIANA, CITY or NEW ORLEANS.
Be remembered that p S deg e The
Before me- EdSaTd barnett Notary Public duly commits.
stoned sworn he Parish Of Orleans state II Louisiana
and ts presence ohe witnesses hereinafter named and un
fes % R9s S
the provisions of the laws Of the State 9f Lonisap relative to
s saa ad p and 60 ~
Insaanee e8paay fos s oec papoa and Under
the obgscns and regulations following towit
II e e d d.
m d NJ 4 L n.y.
ration about &c 5st day Of asspser s6 and shall
he date hereof unless sooner determined as provided III
ssed BY he Ssisss, 6 Company 5svipg for
Ths Pfssdsssor Secretary q qpapy shall be proper
legal matters wherein the Company be inter
Article objects aad purposes Of the Company
FrsTe make Insurance Dwelling houses, Stores sns
property against loss or damage ny fire.
seeoaaTo make steanboats Freghts,
Profits Bank Notes Bills e EXCHANGE and 0sr esGesfs
debt sottomry and ana gensTay az ana
Ne Cempgy nav tseo be reinsursd against any risk
enwhici It shall have made Insurance -,
parties q his act are dssred b
pan, e Sasns a fa ther notes we'll approved for The
their Subscription and mads payable on tie first Of
Company acknowledging have received the
91 premiums II ind such notes stall be subject
paid IL conformity With lie rules and regulations Com
pany and the amount Of sueh premiums when paid shall be
endorsed the Of the insured until the same shall have
losses Of the Company in any larger sum than the amount that
And in ease Al tho maturity q the given aforesaid
there shall any balance due thereon after the endorse
not require the Of said the drawers o. snca
Ali lie aforesaid shall contain stipulation that should
pay good fa At maturity the amount that sha appear 70
Of Of s saia S4 o. consideration The
AhaI be eseresed BY trustees sach
e'S Tse Bosrd il TGstsss Shan consist
the Company be elected Except the hrs year. the last
s eass IS he ae sssh Boad 5 as IF e
sy VIII s q he RGs
they shall appoint three enbeIs IF The Company
inspectors decline or f to attend President shall have
Beata Il rTastess shall take their
year thelefFom until others qualified TO act in
Thoss persons receiving plurality shall
duly elected In The Of election taking
Y beiI iiIn n DAYS afier III failure Is elect and ka give
notice ~ advertisement in of The
The M FL u Trastecs shall their first meeting every
time election be exoisi9 members Of ihe B9atd and who
The Pasaent shSl preside a meetings Board
Trustees Of the Company and SHAH conduct the business Of
n y liz sSense y he Prgdnt III Wee President a
preside such meetings. aud SHALL sign the policies Of the Com
paFy Ro.r % Ak tbe Of all officers
and clerks elected employed by them in the service Of the
They shai invest the profits arising business
Company IN the manner hereinafter provided f2r TAgy arc
laws rules and resolutions y ,hey MAY dee pegesaFy ad
tion of H. arirs provided the same conflict with the
a% s af es sas I hey Do al other
Het necessary for carrying into ec We oee.s and purposes
that tn may Si odeafia ihsIg s1rabsr: 49,
int Viz drs Board of Trnsees are hereby vested with ali
the rights and powers spfGted n rs peSeaE Article hy
hundred xyone until Others elected in their place
HOARD OF TRUSTEES;
e. T. Gdrdan TSeodore Ianaaz, Frank Shaw,
As,ss a Rs99Hae' bodaIs y 4 fiS2GRss
Ss.,. 2 d ( bGssn rba Eofhfio ss5,
si;. SssSss5ss. Ea:s as 5s ss..
Theodore Frois, va. Kent, Magin Fuig,
J. 2 S SSsnsfsn 81 J. 5Toa srr, " WI 2G sass
ARTICLE stx1nEvery person who shall hereafter Insure
sas S u as%: s q "a
ssF % III o Gd S sf Se GonSa
d & h tee @ to Ses pS s G x all
@ me- a as e So S one voe o TF dhs s
nndTsa Gqs MI u rs @ !? AM qr Tea
asaps more sSa be eniiiei To- one sddaas vote antii he
amount the certificate shall reach e Of FIVE thousand
10 one additional yote fayde
vote within six months prior TO such election.
Ssgd Il 5Gi s. sa 65 hsgf he
eS@gs9y s e es f1t Sa p SS ssl
son every The property negaged shall be worth
T Fey may AZ invest lie es Of
pGny In purchase Of my bonds Or 9e created y under
may make loans Of spe cash or surplus profits pledge u
He Company nay estate anonnt noteHeeed
i!sne profits but Inc beard q Trustees
purchase in addition any property which may have been
orgaged TO the Company at my forced sale OF re same II u
pronosd should require such pnehase from loss
0S1esfs Of ns Company shall within
from he titae ne rst Pas{ q Insurance n shall have been
year ehuse estimate 80 he made 10 BY tbs Prea
sea a 81 es ea Ps d da ls s
period II se estimate DISTINGUISHING between Fire,
npon ali persons entitled reee4e certificates Of profits aiere
with proportional Of the losses sustained by CGz
aeeosn t1 The amount ct sf premiums By Inn paid
minus and credit him viii ne q said preaH,s
Company derived and for The balance which
tied 10 ecSce signed the President Secretary
g @ a. sge YSee e and yV s and "a c 1e
flaming PToSiso ,haf ths fa sbls
should entitled receive such certificate be
Rs IL SaSRs 93P @
t. lsa G sash ea e s
end ye the ce5eas s a h h., been issued
any Indebtedness Of the party to whom shall have been dey
gfs # hs no
at the option OF the Trustees, until such
Indebtedness shall have been entirely eStiaSulsled.
And ii certificate certificates of profits shall not
he called The parties entitled thereto within three
and thereof with a the interest accrued thereon
shall he paced of the Contingent on
Ibe hooks CoTaany after public notioe, advertisement
in French English for thirty days ct the
.nTphed this city, which notice shall forth the
III te certificate of the party entitled
In issuing said certificates of profits less than
doafs fractional Of sums between dollars
sa he omitted sai placed the credit of the
tinge1t of Company, and applied 10 the payment
or jheexpefses and charges Of the succeeding year.
Tecercates shall only be transferable the books of the
CensHny, and with its ceRsent
AnFsaiE NIsfH.-Every Rerson who shall become member
of ths Company eectn insurance therein shall before he
receives policy the rates that shall be determined by the
sTFuseeE: and the amount paid shall be Withdrawn
from Tie Company except provided in the article
shall liable for all the losses and incurred by the
ComuanT.
ARTICLE Whenever theaccnmulated net profits shall
exceed Ave hundred thousand dollars the
thereafter employed from year the redemption in
whole part ST each YEARS. certificates Of profits issued by
not be until those Of all the preceding paid
and eStinguiaed.
The Board of may however any of their annual
meetings. by twothrds OF the whole Of their
her so alter this article require
tfpn of nrofs to of million of dollars
excess shall Rpedto the redemption Of certificates
said
ARTICLE FLEvElTI0n dag in the first month after
the expiration first of October, 1851 from the Issuing OF
che poicy within the first month Of succeeding
Company shall to he made under