New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-31
INSURANCE.
GHARTER OF THE LOUISIANA STATE
~ MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, o1rY OF NEW ORLEANS.

STATE OF LOUISIANA CITY OF NEW ORLEANS
sS ST y Ia h yea Of our Lord one oHsan esht hum
sixty and Of The Independence Of the United States Of
Before me- Edward barnett Notary Public duly commits
and the Of tho witnesses hereinafter named and
Personally and spPssea tse pastiss, whose
I 5 FSge sa y aE snh sys e
the organization Of in ths state they had cove
bind themselves and those whom they represent establish
the obligations and regulations following
ARTICLE FRsrThe said Company shall be established
saSed By vi he sS SG I
T n Y & M s AN Il @ 3 sad ~ e
from date hereof unless determined provided III
seai a by officers Of the Company having for
deyG n9 eo4t o. a9 81 ns sae oil Louisiana" and for an
The President eceary 81 liz Company shan he the proper
t tsES process = meters wherein '' Company ~ 'o inter-
ARTICLE objects purposes Of the Company
Firs! make, Insurance Dwel9s houses Stores md
property against loss or damage by Are.
IaaEs lgsntaee On SeSsels seanhos
Profits Bank Eotes B Of ESehange, and ether eHldeneeo
connected with Marine OF IL
The itslrto be 5snspred against any risk
p"es S are esed 90 90 IL sd pas q 9
pany bpgines furnish hef notes well proyed for the
October leg which receipt shall % given by the Preai
e = XIII sah aes 6si M snbieeI u
All the Con i6geocies Of capital ~ -
Ali premiums for lsance lade by these parties are to be
paid conformity with the rules and regulations Of the Com
endorsed The notes Of the insured until the same shall have
M Subscriber Of sne notes shall in any event liable for
losses Of tue Company IN any larger sum hah Tho amount that
maturity # Ne notes giysn a. aforesaid
a Ss eInms VA and he wants Of The COMPANY shall
AZ hs nos she'll G9asP d. nns s9a
tne wants = r a S liz aogn IhR tail
Be- due on lis or their note ali and every plea Of
y - M, e,rn,rn,e mowers oftba t,orunanv
shal he eereisef by Beard Of Tstee and such ocers and
clerks aa they may appoint.
sfi6s G@Paa y .slsa ssec s ,ss s, Sn NJ
NsW oagsas ID aeSF ISaard sl e9sisa Width
5 @ mem si S sSsg E Sssss sa e Bi.
side inspectors such teetipn and $hgd any Of The said
spS 9s9 os % bs tie President shall have
lAe hSntQ a. iIeSge5 lUs stIfe @ WV a HII a E
sane one Year. thsreirc Of until oilers are qualified 70 aet in
Those persons receiving plurality d votes shall b eonder
place on lie day Used President shall election
e led Within after tie taore g slee WA a sye
nSse " NJ, @ in one Or more Of the ASw
o 4s hoatd 3 lFse end a ef rss o a I'M
lime election he eNosi9 members Of the s2ad ana who
Thc u iedent sRa preside AZ III meetings d Board
me company geheiayS nuSs XII, It III yio ~ it b
p5eslae AZ saen anu sl' siS' WV VI '4s
I Gar e. @ t % H. s o 4 bs
Germany ,, ,,o a,o,. .,.,v from ,bs business Of ~.
hssaf i Ros dad iG5 Thy NJ VI
% hwy and esaa" as hey may deem 6ecesaFy ala
tion e IL afrs provided conflict win te
true intent RS aga Ma nn P h % have III Do ali ge
acts necessary arearrigg into eacet e ojee and
lint tn may 5eS,,r IN "a 1iair eilbsF
"a III MI a 4 T.ss "a he pe5o 2sa s III
The powefs specified in he preceding article They
hundred Md xtyos or 1 otIers r In their placo
BOARD OF TeusrEEs'
VI Al Gordon' Theodore LanauS, Frank Shaw
Alfred Dohonde, 9, ], Bell Y Cooper,
y. Lapene, y. ?, Logan, Il Roehiord,
J. n Roeert' i'm. Wagner, JG M 4
Theodore Frcis, ". 4. Kent, Magtl Pug
! + @ Non,se,sn + ToHIy s,r Wp G conssr
Article s,srnFyery y,o shall hereafter insure
badng IN bis name he is
q credit e books # the V ssped n
snd s Save hi he g seip eon BY proxy
s @e sn or 4idse by ossc sustained after
hsrso s6a e4is lie hedsE
thousand dollars snd 1hsa eve haadIsd
dollars e,f sHa, Pe ssa 70 On b @ o @ h
dollars Een Zach one dollars nq5e sh" DC
shall no, naVe nse & s 70 ny ,G u MIN 70
FoEe Nihlh BY iipi''9 ihoi " S".i sips'''t
SEvENrRIhe Board OF Trustees shall have the
Company In loans secured by mortage improved and
cuerd real estate IN the Parish OF orleans and CITY Of Jeer
son every the property mogaged shall be worth
ateast twice the amount loaned thereon d. >
They may also invest the cash surplus profits OF the tom
pany the purchase ofny bonds stocks created by under
The laws the United States OF this State or OF TINS city,
loans Of such cash surplus prohts pledge of
any ef The aforesaid securities, bonds OF stocks.
The Company bold real estate 10 an amount not exceed
ing onefoHrt Of its net profits but the Board OF TRUSTEES may
purchase, in addition, any property WHICH may have been
mogaged the Company any forced sale Of the same in
their opinion the interest OF he company wl HEREBY be
promoted or shonlu T 5 sc p IN ~ ~ o
Atlchh et ~ 1np,r aiahteeT IA
ont ~ ssa NJ a. ,fs, II hall baS Men
ohei tona III 49,, & a., Sa IF ac and .yary
lssHeo ~ w n n5adoa Il .,Sn Ia ID tbs PAT
year ea m he afa Of the Conpany Tor tie year
hi,n Statement off nsnances eIected daring lie
pFod h such estimate ngushing between Fire
Marine and River poces which estimate conclusive
mon ali certificates profits here
iaer provided for and shall thereupon
viii unconditional share Of the losses sustained by the Com
many nccordne TO the amount premiums by him paid
bat In no share exceed the Of such
and viii share in thereto Of The profits 81 lie
,sarnnan derived from balance which
shall then annear 10 be in favor The insurer
iled 10 certificate signed by President Secretary
the Of annu payable on The
Monday In November OF each and every and
tanning poyso that the amount therein named shall be Liable
fora Dda1is