New Orleans daily crescent., 1860-12-22
INSURANCE.
CHARTER OR THE LOUISIANA STATI
~ MUTUAL INSURANCE COMPANY.
arArE OF LOUISIANA. oITY OF NEw oRLEANs.

/
drd and eahe Independence Of tho United States Of
Before Edwstd barnett E9sty Public dgly commits
and the Of the witnesses hereinafter named and
Personally and appeared the parties go,e are
the organization Of corporaons In this State they had
bind themselves those hey represent establish
Company fS the OBJECTS snd sd under
ARTICLE FRsTThe said Company shall be established
located the city Of Aew Orleans and sa bs knogn and De,
N s 4 Il
es o on and GF das Rs Fiji iii and
from he hereof unless sooner determined provided IN
seal s used by the officers Of ths Company having
device the coat Of arms State Of Louisiana and for an
oc n wom a be eSyed ali cstGns notice. or ober
legal in matters wherein the Company may be inter
objects and purposes Of the Company
Frs@fo make Insurance Dwelling houses, stores and
ether Buildings Household Furniture Merchandise and other
seeoadfo make Insurance Vessels Steamboats,. Freghts
Pes sanR Eoles B Eshanse and
debt bottomry and espondena interests and all and
R . or T' o.
upon NJ which ri It shall havs made Insurance.
sRd "a Tespesye interests e & hs
All which said parties shall on The Of the Com
lt 81 heiT sabscpon md made payable the t q
October 1851 for which receipt shall Be given BY the Pres
as for premiums in adyance sha subject
Ali premiums for made by these parties be
paid conformity with The rules and regulations Of the Com
pany and of such premiums when paid, shall be
endorsed the Of the insured until the sal have
No sabscber Of such shall any event, liable
the Company in larger than the amount that
he maturity 9f the notes given given IS : aforesaid
ment Of premiums paid and sa hs wants Of the gonPsny
shall have tie right to their notes for such balance
A he aesad notes shah contain stipulation that should
the Of the Company require II tue drawer or VII
N eo9a g HI a Wave ali and every plea II want
Of vaus or consideration for the same.
a be exereised y Beard q fastss
cfFhs Tks Boa1d of Trasiees shall consist of
of the Company elected ecep the first year. the lat
Nendsy sass e 3 aae s & ass 9i e e
election hey WIN give g least days n1iiss BY
and hey shall appoint three Company pre-
inspectors decline fail tend the President shall have
Tie Bod Of rTastaes thus elected shall take their seats on
the las Monday n October after the eecon and sa me
Those person receiving plurality Of votes shall be consider
place the ded the Prssdea shall cause an election to
thereof by in one or more Of the nevapa
The Board Of TraSteea shall their first meeting every
year elect President aaa President wbo shall ct the
shall hold their office unl their shall 6e eeeted
s r B e Re cpaa a na eo
the Company generally pasr .e spif,9a I @ g M sssId
such meetings. and shall sign the policies of the Com
TRe Board Of Trustees shall compensation of all officers
employed J them in the service of the
they Shan invest the profits arising the business of the
sfBs saeeG Win f s power o ADOPT 81
e. and a s Ss as deem and ss
its ar provided The same does not conflict with the
aws ,ot ha State and they power sother
aets necessary n into effect the objects and
os
| thai ocelir in their number - -, -.
h Board Of Trustees and hereby vested with al
E Ea e he ssa he as %oa 6cbe
hundred aud zsone or uH Others arc elected in hef place
| BOARD OF TRUSTEES:
Amadeo Landry Octave Voorhees, ". @. Betterson,
1s $5s5 ais5s Bsjsoaas SsIsis Rs y AisFsss AHSSPss
TapSsss g ds1sPss + hsssn Ghas 81 Ro,5hfsa hssa,
kessa' i WSsgass = J.sn 6 Mclean SLs1aa.,
+ ass% asansisa - J. 10'E Hs5r, WI esas 5Sassr
and continue 10 iho oompany aga
Of credit on o the Company be ssred As herein
shah have s gh. g vote in pers9n Or by all
elections each certificate o credit T. On The sS9f Of The Com
ssas ihereo shall ent,le the holder for
Of thousand dollar and sn each ye hundred
amount o the certificate shall reach thousand
dollars when eeh one dollar nqls & sha be entitled
|
| vote within six months prior 70 such election
ARTICLE sEvEEra-Tke Board Of Trustees shall have the
ROVER to aVgst from time ona,haf of the profits
snbstea raj esate he Parish cy Jes
and m every gas hg asre mSsassd 'ha be worth
They may also invest The cash surplus profits Of the Com
RsnE s N e 3 he UisS ste or o Ills ae u his
and max see 99s S e s SanS or o '
The Company hold Iss estate @ to an a1oen not exceed
purchase addition, property WHICH may have beer
eFeaged 10 s G nf ~ of R he csrnpeny " wi III tSta y h. H.
promoted should require such purchase from loss
ppe on the rst Of October eighteen and sixty
one the me the Grst policy u insurance shall have beer
year cause estimate be made to by the Pes
ssai a of nsaranes during h.
period 10 saeh between a Fire
upon persons entitled receive Of profits here
With proportional share losses by the Com
pany according 70 the amount o he premiums by hm paid
mirs shall credit him with he amount 81 said premiums
Gompany derived from investments balance whe
a then to @ b a yG W s as s y hs Be 5a I
ing The Of per cent per annu payable III
tanng proyiso that The therein named shall be iabl
and a loiea sustained BY hs Company
indebted the Company .or premiums credited 10 him
@ efGss s eeree lie copa he 3
retain s1sh sn sn n m The han Sngs sb s he
delivered shall always reain liable The Company 70
cred unpaid premiums whether such Indebtedness arose be
issuing Of the certificate and transfer heeo
shall at the option of the Trustees, until
Indebtedness shall have been entirely extinguished
certi6cate certificates OF profits shall
be called the parties entitled thereto, within three
from the herissue then the shall be Cancelled
thereof with all the interest accrued thereon
shall be placed to the credit OF the Contingent acconnt
English for thirty days of the
city which notice shall set forth the
of the and the of the entitled the
Issuing certificates of profits than
shall shall be placed 10 the credit of the
ngent aceount of the Company and applied to the
of the expenses and charges of the succeeding
The certificates shall only be transferable the books of h
Company, and with its consent.
ARTICLE NIsTH,-Every person who shall become Inembe
eifectinG insurance therein shall before
policy pay the rates thai shall be determined
Trustees; and the am0nn paid shall be withdraw
liable for all the losses and incurred BY
CompanY.
ARTICLE TEHTHWhenever net profits sha
The ge hundred thousand dollars the
employed from year. the redemption
If each years certificates Of profits
eighth Articla but the certificates Of year
until those of all the preceding pal
and eStngnished. 5@5u
meetings. by thirds of The whole their nun
ber, amend this article require accunus
profits amount of million OF dollars before h
shall be applied tho redemption of certificates ao
| said.
ARr4r FIEyEsTr-On come say in The frst month afte
the expiration the first of October 1861, the issuing
policy, within the first month of every suceeedn
the ocres of the Company shall TO be made un
oath and shall publish according to law General Balap
the auirs of Company which shall
First-The amount of prgmims received during the
specifying separately the received Fire Pc
ees Marine Policies and River Inland Nayigaiio