New Orleans daily crescent., 1860-12-28
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.


area ofth Independence Of the United States of
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the of the witnesses hereinafter named and
Peona and The parties are
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the organization Of copoations in this state they mad cove
bind themseses they represent establish
the obligations and regulations following towit
ARTICLE FiRsrThe said Company shall be established and
II b f city S ssT sn ne tn
@ l Az o T. a @ snd H.
for and during the full end and term Of
Article i2h -
of of the State of Louisiana and for
nseription the naIne Of the Company pan 10 the
officer upon whom shall be served al citations notices Or other
legal process matters wherein the Company may be inter
Article sEcospThe objects and of the Company
Frstfo make Insurance Dwelling houses, Stores and
prop property against loss or damage byGre.
Goods Wares, Merchandise Specie Bullion, Commissions;
Bank a5 s e ePs and psr %
to or connected with Marine Or M
The Company may bsrensursd against risk
| upon which It shall have made insurance
partss his act are 900
pany for business furnish notes well approved for the
%sff e q Pr
dent Of the Company as 9 s W s e
Z
paid eantay With f ths Go
~ d o Il. the have
No Subscriber Of such notes SHALL any event liable for
Company in larger sum than the amount that
y and in cae Al maturity the notes given aforesaid
aps e due ga OF s COMPANY s ha
require the SAID eaaaee % es @ 81 Sasp aen
All the Aforesaid stipulation that should
of the drawer drawers
pay in good faith maturity that shall
sf sf qaf value e1 or re- Consideration t
shall bs Exercised By Beard Trustees
clerks ss Boad sasy Of n1{ TaIes aRes1 Shall consist of
of the Company elected except the first the last
P IN ess s ssaf q s sss s s viz
they viii give at least ays .a nGc By
and they shall appoint members o. The Company
nspeetors decline or fail President shall have
MI Boaa q trustees tfas elected shall
last Monday in October after the and ia hoG 'ae
their hs stead. @ - $780,
ed eeared uy eecied taking
place day the President shall cause election to
held within len days he failure elect and shall give
notice thereof by advertisement in of the newspa-
Board at hsiF first e meeting .s in every Try
elect President snd s I VIZ osd sa apd d w e
sha hold until their shall be eeeted
Trustees and Of tie Company shall e business q
% ny y hs eSn I'D he
preside at such meetings. and shall sign the policies Of the Com
e TRe Board Of Trustees of an officers
and employed by them in the service OF the
They shall invest arising from the of the
(omnapy in the hereinafter provided for. They
hereby invested power frame and adopt such by
The oGmany amp ny saaa and he & ,S
9s 4. ntea @ n ND meaning h act @ With
sal have t fun ;Ss power to tod % al ots
Company nq herein PrSyded for and to fill all vacancies
s' ARTICLE s FirTaThe following persons shall eonsti
ute he of Trustees and hereby vested with al
shall hoa her nhl Monday in October eighteei
until others elected in their place
BOARD TRUSTEES:
s,sys 9SssSss yGehss sBss q Bssss1on ssns
IS Si5rsd belboHde, 9 4 S.Isis. 5sIs 4sgn,n 4G9GgPs,
Iohn na6sna Candy 5 5 Poastas p fssas, p Roiehsrd
a I hsss HasE's S.iS.ss %ssssE tsas
+ Sss SspssFsa ~ 7olHIE Herr WI W B 'a1a 5sassr
and a1nas o insure With the Company and
or Or IL hs % e BIS @ m & ssFg bsSst
sfter provided for shall f the Company
sss s sa
hsao aR5 sha enf holder
hundred dollars mil the am9nns Of The ferese shall reac
dollars shall emitted TO one additional vote until III
dollars each thousand dollars shall be en.te
additional vote Provided that such
81 within Six months prior to such election.
eF m from ne @ 4 s pro sts e
in 5 % re FsR @
@ h tf.reon shall be
They may The cash surplus profits Of the Con
I laws P 's ae uned stae or Of his State q this
and may loans Of such cash or spln; profits pledge
The Company may hold estate amount not
ne mg in addiion any properly Which may have bee
moftgaEsd ,he forced sale of the if
promoted Or require suck purchase from
I S ss so 9 esn S eSpBaRS rs5 sa ana w sa
time ts rst pos ana shall have
year estimate 70 be made sworn to By the Pre-.
e9s and o. ae sa m G ,ns cSs d9 e F
peod embraced IN estimate distinguishing between
@ ali entitled to receive certificates profits as her
@ Share sea % he s. IL COR
according The Of re p By 6F him pal
~ ums shall credit him with the amount Of said premium
ta Company ass1 s' Eor he
tied 10 certificate ~ The President and Secretary
ing interest s the 5a OF per cent a per Sn ann PaSa6e on
tanning proyso a the therein named shall be lal
And should any person entitled such certificate
indebted Company for premiums credited him
81 I'm ne ths esrtihcate eligible company rig
nsh n s II as III u
Sr s ps R s have Geen M
cred for unpaid premiums whether such Indebtedness
| tndgh
81 And any certificate certificates of profits shall
parties entitled thereto. within three
from the their then the shall be cance
and the thereof with n the interest ccrued theree
IA shall be nnced credit of the Contingent
the hooks Company after public notice. by advertee
English for thirty days IN of the
published which notice shall forth the
Of the and the Of The party entitled to the
the said certificates of profits sums less than
dollars sums betweeneven doa
shall be shall placed the credit of the &c
of The Company and applied to the
Of the expenses charges Of the succeeding
certificates shall only be transferable on the books of
Gomnany, and with its consent.
ARTICLE NNTH.-Every person who shall become ment
eiecting insurance therein, shall before
receives policy the rates that shall be determined
o. Trusees and the paid shall withdra,
from the Company except provided in the article
shall be all the losses and incurred by
- Company
ARTICLE TENTHWheneger theaccumulated net profits sh
exceed hundred thousand dollars the
6 thereafter employed from to the redemption
o whole or part each years certificates ofprots issued
w yre article but the certificates of sh
90 moi until those of all the preceding
SO and eXtingushed.
~ The Board may however, of their
n3 meetings. thirds Of the whole of their
amend this article TO reqnle
on ion of of million OF dollars before
excess applied the redemption Of certificates afo
70 said.
s b s Of 6eobef ISL T lie ssua
the policy and within the first month of succeed
! year the Company shall cause 10 be made und
onth shall publish, according to law General BaHI
- Statement affairs of Company which shall contain
DC OF premiums received duing the
Fire p
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