New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-13
INSURANCE.
aA9xE iss 9F TIIn 5ha9gg5IIsvlANA sTATr
STATE OF LOUISIANA. CITY OF NEW ORLEANS.

STATE OF LOUISIANA, CITY OF NEW oRLEANs
ss y Remembered that this wentysevenh day Of the
eu ne S and q the Independence Of the United States Of
Before me, Edward Barnett Notary Public duly commits
gfa a %S for 81 hs pas 81 Orleans stats
qs s a e
b H. Of ae @w e The sas # Levi % 5atSs e
pan,ed ad agreed and do these and
liz aha le ass S eo a ma ghaf
ARTICLE FsrThe said Company shall be established
X IN ses @ s sa
s9q y about s fri sh y o Of a q LEGO and shan
from hsdate hereof unless sooner determined provided ii
seaFha used by the officers of the Company having for
adeyeehc coat q arms q the State Of Louisiana and for
Tho Secretary Of hs Company shall be the proper
leaR p1cess IN matters wherein the Company be inter
ARTren SECOND objects and purposes the Company
are hereby declassdto be:
ether Bdpgs Household Furniture Merchandise and other
sseoSlTo make Insurance on Vessels Steamboats, Freigts,
a Soe @ y s%
debt bdtory and repondenta interests and generally all aud
a rssf 2 " MARINE . -
as SpS f h sS @s eS against risk
ARrrLE TpThe aud respective interests q The
pAf RIsS ia parties ~
osioSs ssI which sha q given ~ he Ftes
premiums advance and snch notes shall be subject to
plemuns made by these parties be
paid In conformity with the rules and regulations q the Com
endorsed te q the insured until the same shall have
Subscriber such shall in any event be liable for
,osse # The % Ea any larger sum @ the amount that
eass the maturity Fl the notes given aforesaid
snt MI paid ana d M wants 81 the
shall have the right to renew their notes for such balance
All lie Aforesaid notes stipulation that should
the wahs Of the Company the drawer q drawers Will
Of valve Or Consideration far the same.
ARretE FouRrHAll the corporate powers OF the Company
shall exercised by Beard Of Trustees and suck officers and
linz Board Of Trustees thirty three members
Company 70 be elected Except the first Year, the Ia
New Orleans the acting Board shall designate; which
hsy S fSs ad
and y shall appoint three denesrs Of o The pre-
inspeataTs decline or iii 70 attend he President shall have
q thus elected ct; shall take teiT ssGts on
ne year heefrom, until others are qualified to act in
ThGss persons receiving plurality shall consider
Cd an duly elected II q no election taking
be held days the failure elect and shall give
nociheeof by advertisement in of the
Ih oad 4 Trustees sha a ,seir tlrst meeting n
time VI election be exoio members of the Board and who
hDl
TRUSTEES and q tic Company. lie
Il eRy Ia IT,
preside such meetings. and shall sign the policies OF the Com
Board Of Trustees shall compensation of all officers
and CLERKS elected unemployed by them in the service Of ths
COMPANY IN The manner provided for They are
hereby Win fal powsF g. frame Sad Adept sac Mr.
requke lie q the Company and the tansee
s s9 w as sa e9 f st 5 ssI e. @ s
ac ecesy Tor into effect the Objects and purposes
h Company herein provided for and @ ill all vacancies
ATfcs FisriThs following named persons shall cons,
ne specified Ne preceding sTtiel M
Hundred md sixyone until others are elected In w
Amaaee Landry, s OCTAVE VOORHEES, wG RRARTNl f"
AltlEq polhonde, ls S GSs5E Wgi29;tp
F Isl,, Say Wssssr ghss RE- Il Ess
Hill Nj: SSa$ Sssi T yssa T bss5%ann,
J. T. S Sssssisn e. T'lhiE Herr WI B. Congo sassr
ani continue % with the Company every person
holding ~ his name Or in The name Of his firm certificate
ai provided or, shel he deemed member # the Company,
elections each certificate Of credit the books Of HE Com
s ee ae III
hued dollars until the amount Of the certificate shall reach
dollars more shall " entitled additional gntil the
doss When eaeh one ihosnd doars more shail BE-
additional vote Provided however thai such
volc within SIX months prior 10 such election
from G sSSsa nj he ad hsgf s
Company sgss 6a Sa s g9G y and a q
sG and q s sg PsBe thereon %sased shall be worth
1hey NAY the cash surplus profits Of the Com
psy q bonds Of stocks created BY under
may loans Of such cash surplus profits pledge q
Te Company may hold real estate amount not exceed
n Of profits but The Board Of Trustees may
Tgassd u e he Company ale Of tic
proied should require such purchase to save from loss
ser,oLE EenTnThe oaieeIs Of the Company shalt within
the time the fret policy Of insurance shall haze beer
yesF cause estimate sworn BY the PTes
de Secretary of The AFFAIRS o. The Company or tie
period brased II such esinas distinguishing between Fire
nton iii persons receive certificates Of profits ashore
a Of a bs he
pan, according e the amount Of the premiums By him paid
iias and shall credit with o said
c e o rom and for he balance
sh to be in favor Of the insurer Ne shall be emit
s s o. fsss
ssia as The
Indebted tohe Company premiums credited o him
iiHle tic esible Ne shall have the rich
saea # Snye b q "
ma delivered II shall always renainliabe the Company
ny Indebtedness of the party whom shall have been eiv
Grid for unpaid premiums whether such Indebtedness be
e issuing Of the certificate and transfer Thereof
% be made the option OF the Trustees until such
indebiedness.sha have been entirely extingnished
And in certificate certificates profits shall
bd called the parties entitled thereto within three
fm dae0 their ISSUE then the same shall be Cancelled
salj be Dacedto credit Of the Contingent account,
fe books Company after public notice. by advertisement
French English for thirty in two OF the
published In city, which notice shall forth the
the Of the party entitled 10 the
IN issuing certificates of profits less than
aTg and parts between dollars
shall be shall he placed 10 tepredt of the
Of the Company and applied to the payment
vi fte expenses charges Of the succeeding year
THE certificates shall only be transferable the books of the
%;sznpany, and witsits consent
ARTfcIx HIsTHfyety person who shall haeome member
ts secting insurance therein shall before he
policy the rates that shall be determined by the
the Aount paid shall nevor be withdrawn
Company provided in the next article but
liable for al the losses and expenses Incurred by the
CbmIany.
aacLE TEsTH-Mianever theaccugauatednet profits shall
be employed from year year the redemption in
eacyears certificates of profits issued by
vrte Of the eighth acIa but the certificates dfnne shall
nb be until oaof all the preceding paid
and eNtipguished
neetses nv the thirds OF the whole their
bbr "a this article as to require Eccumula
amouste million Of dollars aore the
excess shale applied redemption of certificates aore
sIid.
ARTICLE EzEyEFfH-On day in the FIRST month after
ne OF October 1851 fron the Issuing of
war the oe4s the Company shall cause 70 e made under
nd itui