New Orleans daily crescent., 1860-12-04
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL. INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS

stoned and sworn for he Parish Orleans State q
and the Of tho witnesses hereinafter named and un
and s partial assR Gis as re
the provisions Of the laws Of the sA Of edSe 5 to
s aad agTsS = an ao and
bind themselves and those whom they represent 70 establish an
hs snd following
said Company ss be be sssssshsa ned and
Sy m sea oaPRN9 s 4 is
about the rst day ls60 and shall
the hereof unless sooner determined as provided in
AtsiSas sea shall be used by the officers Company having
device the coat the State Of Louisiana for
insspton the name Of the G9ahany n h m roer
ssssd ss p''ss'' ia n''' wherein the Company '' s inter
FirstTq make Insurance on Dwelling sorss @ and
property against loss or damage by fire., r...,.
secohdTo make Insurance on Vessels seanboas ffeShs
Goods, Wares Merchandise, Specie Bullion, Commissions
Ss @ q asrs aaa psst al
every % 2 Or ~''
The COMPANY may cause against any
which T. shall hRTs msas nsaass q, b
parties act declared to be in toa amount o S3ol m
paay for basine furnish teir notes approved
amount subscription and made payable the first Of
dent Of the Company to have sae same
as fof N adSamse and sach notes Shs De SUBJECT
paid ii conformity rules and regulations othe Com
pany and the amount q such Then paid sha be
De IN ot such notes SHALL in any event. be liable for
Company larger sum than the amount that
Ind in ease st he maturity the given aoresad
there shall sny due thereon after the endorse
No, reure The payment balance the drawers such
have the right to renew their notes for such balance
All the aforesaid stipulation that should
wants Company require H. the drawer drawers Will
Be weyine all and every plea Of want
l Of Or
hs CO g ~ Of h amy
Te Tastees shall consist OF thirty three members
Company be elected exeept the hEst yea on the last
Monday September in each az such place in the city q
election they give least fourteen days notice by
S @ na aaooB IN e te M dompn I e
side as inspectors uch election and should Of the said
power 10 appoint others p az hs yaesnSis, tx
the last Monday after the eleeon and shall hold the
year heofom until others qualified act in
Thoss persons receiving plurality Of votes shall be consider
paee on The day xed the President shall election
be held within ten days sitter he failure to elect snd ha give
5ce thereof by in one Or more o the newspa
| pers pnblished in thS city, , =. ~. &c.,. a,,a
wear elect President and Vice PRESIDENT who shall, the
ss ss2 9i he Ss Hs % e.sIed sna VINO
President shall preside AZ all meetings Of he Board Of
e Copy generally pndst ne apsrsi@S'on @ g. ihs Board
preside uch meetings and shall the policies OF the Com
s Board Of shall the compensation of all officers
elected employed hy them in the service of the
They ha profits arising from the business Of the
in the Il pSyasd aag aa G gaS ssy Are Are
laws egletions rs they may deem necessary and
a sas " Il sTs S poVidod lie same conflict with he
a eAng n @ Gfi sSo % 3 5oWe @ e. e M ohe s
necessary carrying n'o effect the objects and purposes
# the Company MOI herein Pordsd for and to Ill all vacancies
IHTIcIE FIFff@Te following named persons shall consti.
uie Tie Board Of Trustees and hereby vested with all
the rights and powers spesihed M m IN tNe pISeng aGe
hundred until others ae elected in their place
\ BOARD TRUSTEES;
sss sRss SSsss sfeaas ssSs'n
John Candy, +. Bofdelois, I, y E5lekihans y 5iis
J. Lapene, y &: i.ogah' rbas ii aso'fhio,ni + id
kgsals Hass T. E. SayS12s Wagner ass ] a. SessFa ssas
A. d. Grief, 4 Bondousauie' yaien Pt Phssfmain'
Theodore FIois, W. A. Kent, MAg1n rug,
fasE sa5nsisn y y 2TohE Her, v VII T. G59Tas G9nesr.
sKrrty s,1ru-Every person who shall hereafter insure
and continue with The Company and every person
a9n b s5sd m en- MI he ao he Company be
FOR 3 sh r ss,e ar q m Is
sRS ssaon 6n aua each ' csSeae q credit On Com
dhfrTe s
tI amount Of one thousand dolars hundred
oiisFs more shall additional vote until the
nont nf tbe certificate shall reach the Of five thousand
dollars when each thousand dollars more shall be
baIi not have been fam claiming
vote within six months prior 10 such election
4nTIeIr SEyEsTHTte Board Of Trustees shall have the
posgcf invest time 10 time half of the profits Of the
IN @ I e y an Wv q
and in case the property mogsged snail be worth
They nny also The cash nrPus profits Of the Com
an IN tne be United States or Of ibis State Or city
may make onn Of such cash surplus profits on pledge OF
hold rss estate ~ amount @ not exceed
pafches in ddton any property which may have beer
nnrtgaeed Company aan forced sale Of the if II
promoed or should require suck purchase from loss
aRrreIE ElcH1H-The officers Of Company shall wihir
thp
one time the first policy o insurance shall have beer
yea cause estimate be made to BY the PTesi
deg and q a eeed during III
period embraced in such estimate between Fire
ali persons entitled certificates Of profits
Ps are a s the ossas By the
pang according e the amount Of ahe pfes ~ MN paid
mu1ns shall credit him with the amount of said premiums
and with share in proportion thereto Of The profits OF III
Company from md for The balance whie
thenappear be in ss0T ~ M Of hs nnFe 5 p sha ee en
ing The rse Of cent per annn payable on III
siaRs ssians hpPsss peyso therein ha bs sb
eere ~ se ceeae
ndeSled Aha sR" to the Company premiums
hs @a s Ss al s
Esss ad the a have been
and delivered shah always remain liable the Company fo
sred for unpaid premiums whether such be
shall be made except the option of the Trustees, until
indebtedness shall have been entirely exngnisheds nj
he called the parties entitled thereto within three
FROM the date ISSUE then the shall be Cancelled
and The amount thereof with all the interest accrued thereon
placed TO the credit of the Contingent account
in French and English thirty days the newspaper
pubshed this city, which notice shall set forth the
o e of the party entitled to the
issuing said certificates of profits, less than
fractional parts of sums tens OF dollar
shall shall be placed 10 the credit of the Cor
tngent of the Company and applied to the
Of The expenses and charges of the succeeding
shall only be transferable the books of th
Company and with its consent.
ARTICLE NisrH-Esery person who shall become membt
of his Company by eecn therein shall before
receives mis- policy that shall be determined by III
Trustees; the paid shall be withdraw
from the Company except provided in the next article bl
shall all the losses and expenses incurred by ii
| Company.
TESrHWheneyer theaccnmuated net profits sha
xeeed lie sum of thousand DOLLARS the
thereafter employed from The redenpton
whole or in part certificates of profits issued
virtue Of the eighth article the certificates of sha
not be until those of all the preceding pa
and extnguished,
meetings, the of wothrds Of the whole OF their
her 80 alter this article, aceumu
ton Of amount of million of dollars, before 4
shall be applied the redemption OF certificates as aor
: said
the expiration the first of October 1861 from TIE issuing
the policy, and within the first month of sueceel
year the oicres Company shall be made und
onh and shall publish according TO law General Balan
of the airs Of the Company which shall contain
First-The amount premiums during the year
ended specifying separately The received Fire Pt
icies, Marine Policies and River or Inland Navigate
Policies.
SecondThe of the expense Of the Company duriI