New Orleans daily crescent., 1860-10-11
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY
STATE or LOUISIANA, CITY OF NEW ORLEANS

STATE OF LOUISIANA, CITY OF NEW ORLEANS.
Be II remembered, that this twsntysevenh day Of tho
s sn 5 &c eur a s9s s
America the eighty y-ffih
5sss sPs rs ra I
and in the presence Of she witnesses hereinafter named and a
r9 bs as n1sa
the provisions Of The laws state of Louisiana relative
s M In n s nsy haa
Sina and hoss represent establish IN
s aE ss
Flnsr1he said Company shall BE established and
snsed ay III s
Ialions about The @ dsy ssp,enser 1880 and shall
from the date hereof unless determined provided In
seal shall be used by the officers Of the Company having for
device the of Of the State of Louisiana and for
President Secretary Company the proper
officer whom shall be served AL citations, notices other
legal process in matters wherein the Company may be inter
.d % make on Dwelling st0ss sDS % nd
property against damage 6rs r..,.
Seeds Wares g Specie se3 sna
ae boomy snd s H Interest," and generally ali and
to or connected with Marine or In
Tbs Company may rensured against any
a upon which it shall have made Insurance. 7l.
parties o ths act are declared s8o 900
All which said parties SHALL the organization of the Com
pany furnish their we'll for the
oB s ~ % u se
dent Of the ad have @ e
all the contingencies Of capital.
paid Il eanfe@y with rules tss he o
endorsed notes q same have
No subscriber Of such notes shall In any event be liable for
losses Of the Company in larger sum than the amount that
case maturity Of the given aforesaid
s s AM basGea 3 80 Que s ae onasR s &
not the o. said % hs G drawers @ sneh
An the shall contain stipulation that should
the wants Of M Company require H. the drawer or drawers will
in good a q hs aapn ans hs av. hn & G
Of value or consideration Tor the same.
shall be eersised by Board Of Fustee md sch oces and
The Board q Fl" Tyaees shall consist Of hiyree members
Company 70 be elected exeep the rst year the lat
saSs as he n a pss e s s sS
sg s e he s a
they appoint ihee company to pre-
Inpse.os decline M attend s President shall have
Trustees thus elected shall their on
last Monday in October after the election and shall hold
iherefrom until others qualified 10 act in
pa I'D @ s @ @ ss CT ssep m sea s
within he failure elect and shall
notice thereof by advertisement in Of the
The Board q Trustees shall AZ their first meeting in
lime election Be exoGq members Of The sSard snd who
s hd @ f s "p p.s @ 81 M sn % S beard
Trustees Company and shall conduct the business
In e e essence q Presidst e Ffeden
preside such meetings, and shall sign The policies Of the Com
The Board of Trustees shall * the ali
and clerks elected employed by them in the service OF the
They shall nyes the profits arising from the business Of the
Company IN the manner hereinafter provided fef They are
laws rules and rsgaons as they may deem necessary aid
sS io hs *. q The COMPANY and tae & &
s Ss Intent % 3 se eaDF sn & hi @ IT s Or @ the
carrying ete the objects ana purposes
Of the Company herein provided for and I'll all vacancies
An4iG.s FapIH persons shall egnstl
s H. s ss P @ AZ IN @ So1sS DsSE d s
hundred and Eone until others elected in their place
1s'% X1 $s5$sa, R% Gsasaa, FaS5 SS'''
j. o4a Iapsae aaas + + fo'sS fssaa hhStRopd hoitRsTd
: I hssss; hhss', S.ys,ss Tss6s Sass sssss ssss
Theodore Frois, W. A. Kent, Magtn Puig, u.s..
II & BssS Ssaasisp J. : 5l hs.r WI l. Gss 5oss:r
" eo@psH very Pssson
holding his in the Of his m certificate
T s1d G i o soo ss # 3 s BE % ss s 4
each 'se n s GF e Fo I
5 ha e o
@ "a
amount oi The oeraeste shall reseh Of ave thousand
dollars when each thousand collars shall be entitled
shall hsvs been q he am claiming
ARTICLE sEyEKTH-The Board Trustees shall have the
power invest time half profits Of the
Sa 'G1Bf 6Plean
sy III hf Gsssd hall be worth
They also the cash or surplus profits e the Com
the the United States of this Stale Of this city,
S anS 5 I Sfs R''' On pledge
The Company hold real estate
ing fourth Of profits but the Board of Trustees may
pgrshss in IN I'D addition any p9peEy Tfh & Y pay az have been
their opnon the interest Of the Company will thereby be
after October eighteen anredand sixty
Gns dars the @ each an saeee
5 at sersa he Company e Il o "
ending including Of effected during the
Marine River policies winch estimale shall conclusive
hser provided fO and a. shall hal hereupon charge
pang aeccoPSas lie % Of premiums him pSd
but s snsh share exceed @ the amount o such
and also with hs IN sDd of of hs
ha & be in e. g hs ssd hs shs be
Il ne ~ Of cent payable
L sS % and %
an subsequent losses sustained BY the
deSed e sm on
time @ @ Bsa h IL III: a R
sh fsseis s sss e s s ays h
delivered it shah always remain liable the Company
ss FOR
the Issuing of the certificate and
sha made except at the option of the Trustees until
81 Indebtedness shall have been entirely extnguished.
And in certificate certificates of profits shall
called by the parties entitled thereto, within
from OF their ISSUE then the Cancelled
thereof with all the interest
shall be placed the Contingent accoun on
the Company after public notice advertisement
and English for thirty days in newspapers
published this city, which notice shall amount
certificate and the Of the party entitled same
issuing the said certificates of profits,
dollars fractional of between dollars
shall emitted and shall be placed the credit Con
tngen account Of the Company and applied the
Of the expenses and carges of the succeeding year.
certificates shall only be transferable
Company, and with its consent.
y NIErH.-EYery person who shall become member
OF this Company by eectng insurance therein shall before
Trustees; and the amount paid shall be Withdrawn
from the Copany except provided in the article
shall liable for all the losses and the
COMPANY
ARTICLE TEsTH-Whenever the net profits shall
of Ave hundred thousand dollars
thereafter employed from year redemption
whole of each years certificates profits
the eighth article; but the certificates shall
redeemed until those of all the preceding years are paid
and axtinguished.
The Board Of Trustees however their
meetings. the Of ohirds of the whole nu
ber alter and amend this article require accumua-
shall be appdto the redemption of certificates
said
ARTICLE ELEyRNrHon day in the first month after
the expiration Of the first of October 1851 from the issuing
the policy, within the first succeeding
the Company shall