New Orleans daily crescent., 1860-11-10
INSURANCE.. ;.
a CHARTER Or THE LOUISIANA STaU,E
~ MUTUAL INSURANCE. COMPANY.
STATE OF LOUISIANA, clTY OF NEW ORLEANS.


and N he presence Of tho Witnesses hereinafter named
Personally came and appeared The parties whose
the organization Of coposons in This State they had
bind themselves and those whom tley represent establish nm
Company or The objects and and under
ARTICLE FIRsrThc sad Company shall be established and
located city New Orleans and shall known and de-
A GoMPSNY shall eomsps H. N.Y.
ranns on or about lie rst dny Of Sen,ameT is1 o 10
exist or aud during the and term t%eaySHe ,sa
from The date hereof unless sooner determined provided
sa be used by the officers of Company having for
device the GOAT of arms Of the State Of Louisiana for an
Che Secretary q H. shall be the
legal process in matters wherein the Company be inter
ARTICLE SECOND objects and purposes the Company
ether sndas | panps sad os a
agns s ss sEe e. X ye,s4 ARE rr
Goods, Wares Merelandise spScie, Bullion, Commissions
debt botory respondentia ess generally ali and
every Insurance apperauing connected with Marine
The Company may elfo be reinsured against any risk
upon which y shall have made Insurance.
parties his act declared to be in total amount Of 1901 900
pany for business furnish their notes well approved for the
oeobe q he o 6 ee Sy S Se DI
dent the Company acknowledging have the same
premiums advance; and such shall be subject
all the contingencies OF capital . . =,
paid 10 conformity with the rules and regulations Of the Com
pany OF such premiums when paid shall he
endorsed the of the insured until the same shall have
No subscriber Of such notes shall any event be liable for
losses Of he Company in any larger sum than the amount that
may be due on such no,e Or notes
there shall remain balance due after the endorse
sn 5 Of M s s spq d shi bs o. e ' S e
shall have the right renew their notes for such balance
Ali Tic aioresd shall contain stipulation that sboud
III w Tats L h III s Efs
be due his their note wsyng al and every plea of want
Of value consideration irr the same
ARTICLE the corporate powers Of The Company
shall be BY Beard Of Trustees and suck officers and
TEe poaPd d Ff TassSs shall consist Of hyree members
aohay hs gG Il e s ID easS s Il e o
New Orleans the acting Board shall desgnae of which
election they VIII give at Least fourteen days previous notice by
advertisements in two e the newspapers published in said city
and he shall @ as5 e baaa I aoSmpgy m e ps
Inspectors decline Or fall Y attend the President shall have
The Board Of Trustees thus elesed shall take their seats
tie last Monday in October after The election and shall hold The
ss,s hef stsad ssf a ess' 4ss Wy
Those persons receiving plurality Of shall BE- consider
place the day fixed he Presden shall cause m ELECTION g
notice IN one Or more Of the newspa
year eisei President and Vieepresdent who shall ie
sa hola Il Office unii the successors shall be elected
Trustees sd u he copan and sa conduit he bushes d
ihe n SanRay M @ He M & y E ss s2d n
preside at such meetings and shall sign the policies Of the Com
The Board of Trustees shall compensation all officers
and clerks elected employed by them in the service Of the
They shall invest the profits arising from the business Of the
hsisby sesaS ca Win fs to frame and adopt such S
lsw rules and regulations, as they may deem necessary and
iion Il H. irs poyded tie same does n5 conflict win TIC
is s 9e ~ RI asa III @ f Hi Go % m o Is
acts for carrying into effect the objects and purposes
& a., s Ss%ss"y aq Pbs Beysd for and Oh all
ARTICLE FirTa-Ths foowpgnam persons shall consti
6t
ss s % & and s ne MebssS psSes n o s
hundred and until others elected in their place
TRusTEEs: M.m... 4
W, A. Gordon, Theodore Lananx, Frank shaw,
}oIn s,sady, BsoF,aslSis. ,shas. Rss%sa, R6;sRssa,
b. i. Harris. 9. oayagSc cbes, j. Leeds,
j. N Robert, JIM. Wagner, J. g. MeTearn,
D. GFss L Bondko1squie ksn asin Nasn Phs Phsemann
4 4 ( I ss5,sss ssaassn 81 553ToaE Herr VIZ WI G1s daass.
and continue 10 insure viii The Company and every
holding in his in the Of bis n certificate
s pded ha 5e Ne cnpS
each credit n the books SiGGy G Conn
psny not or qnidaed by losses sustained after the
% %po 0ss sss
ei q $ e s y ao e
Of the certificate shall reach the Of aye thousand
70 one addionasoie PTosded however
shall have been transferred the person firm claiming
vote within six months prior 10 such election.
ARTICLE sEyKsra-The Board of Trustees shall have the
power to invest from time g time one half Of The profits Of The
numbered tho Parish of Orleans City Jeer
a. az ea ~e sfs s Serson Dc worm
They may o Invest the saa or sngns pFots Of Of the Com
ihe laws the United States of this State Of this city
sas ef Tie aforeaid securities bonds Or stocks
ID @ rs net profits ba he Board rrnee may
purchase IL pddon any property %hsh sd y iRay have been
er opinSn The Interest o lie Company viii thereby be
promoted should require such purchase to from loss
one month after rst Of October eighteen sixty
one from the me the a policy o insurance shall have been
issued and during the FIRST month OF each and succeeding
year estimate 70 be nude sworn to by the Pfes
ending Including statement oF nsurnces cecie during the
period embraced in snch estimate distinguishing between Fire
npon iii persons entitled receive certificates profits here
pat W share Of tie 5ses daanod BY lie
pany, according to the amount Of DIE premiums BY him paid
miHs sha credit him with The Of said premiums
ops9y esq ss9 w and for ane
shall then be in favor the insurer he shall be en
H. e9e n NyS md erery d n cn me
for and all subsequent losses sustained by the Company
indebied Company premiums credited him on
s @ seas ssa ne ne saHs NJ sse s At @
retain such certificate pedgs the Of the sad
and delivered Il shall always remain liable The Company
Of the party 70 whom c shall have been dsy
fore or he issuing the certificate thereof
shall made except the option of the Trustees until such
Indebtedness shall have been entirely eNtinguished
And in any certificate certificates Of profits shall
be called the parties entitled thereto within three
from the date their then the shall Cancelled
and the thereof with all the interest accrued thereon
books the Company after public notice. by advertisement
in and English for thirty days in Of the newspapers
published this city which notice shall set forth the amount
Of the certificate and the of the party entitled to the
issuing the said certificates of profits less than
dogs fractional parts of sums between dollars
shall omitted and shall be placed TO the credit Of the Con
ngcn account Of Company and applied to the payment
az the expenses and charges OF the succeeding
certificates shall only be transferable on the books of the
Cornpaiy, and with its consent.
ARTICLE NtNrHEvsry person who shall become
of sbs Company by eecg therein shall before
receives policy pay The rates thai sha be determined by the
Trustees tho amount paid shall be withdrawn
from the Company except provided in the next article but
shall be liable all the losses and expenses incurred bE the
CompanY
ARTICLE theaccnmuated net profits shall
exceed five hundred ddolars the may
thereafter be employed from year to to redempon in
whole of each years certificates of profits issued by
virtue eighth article but the certificates Of shall
not be redeemed until those Of all the preceding years pad
and extinguished.
meetings. by two thirds of the whole of their
ber SO alter amend this article 10 require aceumua
on of profits Of million of dollars before the
excess shall applied hc redemption of certificates sfore
said.
ARTICLE ELEvEsTH.-on day in the first month after
tba exuraon of the first October 1861 the issuing of
The first policy within the first month of every succeeding
year ocres of the Company shall cause TO be made under
Statement of the affairs Of the Company which shall contain
FetThe Of premiums received during the year just
eaded specifying separately the amounts received on Fire Pol
ices Marine Policies and River or Inland Navigation
Policies.
seeoadThe of the expense Of the Company during
the Pas. ysar. @ A., a,s.,,