New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-13
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.

mouth Of July n he Lord hoq,an eight hun
America The siahty-lfh, '4-'',Ss 0.'sN
Before me Edward Barnett Notary Public duly commits
stoned sworn the Parrish of Orleans Of Louisiana
and in the presence of tho Witnesses hereinafter named and IN
r1d H. a
the provisions the laws Of the State Of Louisiana relative to
tue e % ~ n s STATE they had
bind themselves and those whom they represent establish an
the obligations sDaations and Regulations following tow
Article FlKsrhe said Company shall DO established and
sisnaed by the name and e 81 the STATE Mu
TUAL ISsUR ANUE COMP ANY 1t shall Its ope
ssist for and during he mi end and term q
from the heref unless determined provided in
shall be by the officers of Company having for
Inscription he name Of the Company.
officer upon whom shall be all cias notices OF other
legal ocess in matters wherein the Company may be inter
ARTICLE objects and purposes Of the coHpany
Frstfo make Insurance Dwelliughouses Stores and
other Buildings Household Furniture Merchandise and other
MAKE Issarsnes Vessels s,samhost. F5eigs
Profits Bank Notes Bills Of Exchange and other evidences Of
debt hoomry and Respondents interests and all and
s ssds Rish g OF
upOa whch Il shai ii hesa made Insurance
ARTICLE TuIRpIhe aud respective interests q the
All which said parties shall the organization Of the Com
pa y % h s na e w @
October sg for which adeceipt SHALL given by the Pres
dent of the Company acknowledging to have the
as for IN and such no,es shah be subject to
all The contingencies of capital. -.
paid in conformity with the rules and regulations Of the Com
endorsed the of The insured until the shall have
Nc subscriber Of notes SHALL any event. liable for
losses of the Company in any larger sum than the amount that
And in the maturity Of the notes given aforesaid
msnt & paid and The wants Of the Company shah
not require the payment 81 said balance the drawers q such
All The Aforesaid notes shall contain stipulation should
the Of The Company require it, the drawer drawers will
pay good faith maturity the that shall appear
Of value Or consideration f,r lie same.
Article ths corporate powers Of The Company
Tbs Board Of Trustees shall consist Of !hIyt members
Monday in September in each year such place in He city Of
election they will give a last fourteen days pteyiSGs noc ~
in two Of the published in sad city
side 1nspectea such election and SHOULD any Of Che said
inspectors decline fail attend The President shall have
The Boa Of Trustees thus elected shall their
the last Monday in October after the eeeon and shall bold the
enc thereom or until others are qualified to oct in
Those receiving plurality Of shall b consider
Cd and dMy u The event Of no eeeSn taking
be held within len days after the failure elect and hal give
Hoard Trustees ss Ct hsir st msse'i9 g in
lime Of election exofo members of the Bosd AND who
The President shall preside all meetings Board
Trustees the Copsny and shall conduct The
the Company generally under the supervision OF the Board
In the Of the President the Vice President shall
preside such meetings. aud shall sign the policies of the Com
pany.
The shall TX the compensation Of all officers
clerks elected employed by Them in the service Of the
Comuany.
They sAa the profits arising from the business Of the
Company the hereinafter provided for. They
hereby invested with full frame and adopt such by
laws regulations, they deem necessary and
requisite for the Of the Company and The
ton of its as provided The does not conflict with the
this and they shall have full power do all other
necessary carrying into effect the objects and
of the Company herein provided for and 70 I'LL all vacancies
that occur in their number.
ARTICLE FiFTH-The following persons shall constt-
tue first Trustees and hereby vested with all
the rights powers specified in The preceding article They
shall hold until the last Monday in October eighteen
hundred and sxyone until others elected in their place