New Orleans daily crescent., 1860-10-06
~ INSURANCE.
CHARTER OF THE LOUISIANA SIAIE
~ MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS

STATE OF LOUISIANA, CITY OF NEW Oisiih4Nnn'
p Il anebered that on this twenty day Of the
month July @ fn ~ r saf G en- & he Ued Suites
America the eighty-afth, -, r,,, ~, a,.
Before ne mq~s5p a e Par Of Orleans State Lousiana
and ii the presence Of tho witnesses hereinafter nea M u
Personally and the parties GSs names are
asepg tbs spoxos tie laws a State oassna relative @
organization Of ceTpo IN ts s g agree and
fnd and those they represent TO establish "a
insss ~ and regulations following owt
Arre,p FsrThe said Company shall be established and
isaoia iGeata If ~ nj lie ss 6se 1 ssT ssG
es e and during The full end and term of twenty-five years
fro lie date hereof unless determined as provided IN
@ % he used by the officers of Company having for
device liz coat The State Of Louisiana and for an
inscription the name of the Company. -
oesr npon Whom shs be Served ali Citations notices other
legal process in matters wherein the Company may be inter
ARTICLE sEcospThe objects and purposes of tile Company
Frs@fo make Insurance on Dwelling houses Stores and
other Buildings Household FaF4ite Merchandise and 0'nef
make Insurance Vessels s,eanboats FIeighs
fS9h fG aaR so s,fu Bs y sPSaase
debt botomry and respondentia interests ana Eehef m % I
sHsas iand sTpahsporsiioR REs SS's'
upon as wbeh dapi L shall @ have sis made insurance
n b ae are 9see aSs 70 sqs be IN Il
All which said parties shall on the oFgniI'%n g 1 ~ w g l
amount q er snb;erpon ad mads "a paya1 o. tss Ne hEst q
& 9s,96er ls5 Io which Ssg @ To- baSe he
a for premiums in aud Sueh notes saa pe Sue 2
All premiums for insurance by these parties to be
b ~ and b nt MIA of m ,eh preiur when paid shall be
endorsed on the notes Of e Insured until ING same sha 'e
No snbserer Of such notes SHALL any event be liable for
@ oei 10 o. Az 1e ~ oenpss % o,n IN any o sum ~ 'A0
n # the maturity # The notes gyen a. A.
eni Of premiums paid AID The wants 81 m The o sne se
notes shall have tho right renew their notes for such balance
Ali lie Aforesaid notes shall contain stipulation that should
the Of Company require H. the drawer Or ~
ne e1 81 III q hs u note waSae ali every plea 81 want
Of value Or consideration for the same.
e exercised by Board Of Trustees and suck officers and
Beald saSd i RT TEaaleSs hRsS1i a consist Of thirty
Of Company be elected Except the first ye on the es
s 4 y s nea g faG Soaf h df dana PTs wa
eson tbsv viii give a least fourteen days previous by
sayeTeuents IN e Of liz newspapers published said clty
and they shall appoint three members OF the Company to pTe
Inspectors decline fail attend, the President shall have
The Board II Trustees thus elected shall take their seats
the last Monday October after the election and saa hoa "a ne
year heeftom until others are qunnedt to ae in
Those persons receiving plurality of shall be consider
ed aud declared duly elected event election taking
PLACE the ed the Rfesdert shall egnse an election 70
held within len after the failure e elect "a nG a. saa give
notice Thereof BY IN one or more q the heEspa'
Ts Board sha their st meeting NEE s in g, every
year eject President end % H. Wso d WITH w y % @
shall hold their office mill their shall e
Trustees md Of the Company and shall the of
Tho generally m ndSg Pcss ~ bs reSen 3 s s
preside such meetings. and shall sign me policies OF the Com
Tie Board of Trustees shall M Of all officers
and clerks elected employed by them IN the service OF 'he
they sLail invest the arising from the business Of the
efeBy Invested with frame and ADOPT saeh NJ
laws rules and regulations q hss may aeem NJ peGeeTs I ad
lion Of It's aH provided does conflict with the
s T a # @ nsa aas % and & WI 5 have 3 % III os
necessary for carrying into effect the objects and pipose
tiat may oeenr In lher number
4 Sss nd aps eIs5s Rs,ed sf w i2nSi 4
ard powers spesfed IL Rs neSea9g ~ sre
hundred until others are elected in their place
BOARD TRUSTEES: "... ...M
Hifled polhoade, Z. :, Ben, y tSiogmra tGoGPer
Jois J. iapeae . p. r. Logan, Il & IotsshEIosda Iasa.
+ + 4 T. Ro6a1i, hS5s1s, J. u sYviSs wagner i e SsiesS
n A d, Grief 4 BoGdeisauie' xaea, at. Ps1 hSsmann'
HssS Hsassisp }2. J. TohE hsrr. WI b. G5Sas Gsassr
and 1E6t aaniiaa & nsas Viii t9s Company
holding IN bis oyn name O. N .ae name % 9s m hTn % eeg
sF9 % AZ a S9 Y Ss
ssctoa h certificate res n ths boob; # hg hf Con
sne thereo shall cnile holder vote for
hundred dollars mil the amount Of The certificate shall reae
dollars more shall he entitled additional vote, until Il
amount Of the esFsihea'e @ ana feG 6 s @ u n M he
Soa additional Vote Provided however that such eca
hall not have transferred the person finn claiming
vote within six months prior TO such election.
ARTICLE sEyEsru.The Board Of Trustees shall have 4
power invest, from time 10 time one a q he poh Of Y
Gompen il loans y orass r. on mpr9gsa & and g
cered real estate the pa OF Wss hd @ 5 81 S s So
sIieast All SIT twice ths amount loaned thereon.
papS i9eE ds III spaehase sS j any bonds created By
ie Jaws OF United States Of This State or of this cit
maxi
any the aforesaid securities; bonds or stoets
ip profits but the Board Of Trustees mt
norsgaTed 10 te Company at any forced sale OF same
their opinion the interest 81 the S9nnHS VIII t9sfeo
AnTrrtr EiGHrHTlie officers Of the Company shall, with
one month the first Of October eighteen hundred and SIX
ed and during month of eaeh and sqeeeed
wear cause estimate e made sworn 10 BY the fTe
ie and Gcetafy tie affairs Of the Company for the ye
ending including o. ls,asqs Gnecys aaE
Saine River pglcies Which esiHae sha, he ronesi
upon perseas entitled 10 receive certificates OF profits q he
mater provided t9 ~ s a INT esas aiae by he O.
ar acrbiding the Of the premiums by him pa
~ M ~ and iaii credit lin with the amount G said premium
n #o with slae ii GlopoFon Of the profits
Company derived from yestments aud for The basnee viii
appear in favor Of The iGsuret e shall be et
lied To- dcate sgned ~ the President and Secretary be
seeond Nondey in November OF each aud every year and
tainns proyo hA the a9uli therein na4ed shSil e a
should any person entitled rccetye such certificate
III boS Sf5Fesad Snd a Ho have pod ths same At
company shall
Ia rn such certificate pledge for the payment OF the
indebcdness it The certificate shall hnye been iasl
and delsered shall always ronan labe to the Company
ai Indebtedness Of the par 10 whom shall have been del
d fnf npuAfd premiums whether such Indebtedness
Th ~ the isSung the certificate and transfer ther
I lie fnnde except the option of the Tfnstees until 81
indebtedness shall have been entirely estiIgufshed
in case certificate certificates Of profits shall
called the parties entitled thereto within three ye
Yrn the their hse then the shall be eanee
and the thereof win all the interest accrued there
shall placed the credit Of the Contingent account
in French English for thirty days in OF the
published tins city which notice shall set forth the ano
f the certificate the of the party entitled 10 the
issuing the said certificates Of profits sums less than
dollars fractional parts ef between tens OF do
shall he omitted shall placed the credit of the c
ngent of the Company and applied 10 the paym
OF file expenses and charges Of the succeeding
The certificates shall only be transferable on the books OF
IN Company, and with its consent,
ii ARTICLE NfSTH.-sery person who shall become mem
n by efecting insurance therein, SHALL before
III receives mis- policy pay the that sha be determined by
IA Trustees; and the amount paid shall never be witdrf
A Company provided in the Rext article
e. liable for all the losses and expenses incurred by
"a COMPANY.
vi exceed e hundred thousand dollars, the
M thereafter employed from to to The redemption
M whole of each yeafs certificates Of profits ISSUED
os virtue article but the certificates OF
not redeemed mill those OF al the preceding years
t Tie Toed of Trustees may, however, any of their
meetings by Of thirds of the whole Of their
Ter alter and amend this article as to require
lion of profits Of million 9 dollars before
excess be nppsdto the redemption OF certificates as at
ARTICLE EINyESrH.-o On day in the first month q
the expiration first Of Ueober ls6li from the slint
te policy within the hfSt month oil every ancceet