New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-07
Slew GreaHs gag Crt4tent Thnrsany yna 9etrxg Z 1861
-.-... INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY
STATE OF LOUISIANA, CITY OF NEW ORLEANS:

Be It remembered that this twenty day Of the
dred sixty and Independence of the United States of
Before me Edward Barnett Notary Public duly commits.
stoned for the Parish of Orleans State Of Louisiana
md n % presence of tn" Witnesses hereinafter named and
Personally and appeared the parties whose
the provisions Of the laws Of the State Of Louisiana relative to
naod and sgTsed and DO these presnts aee and
bind themselves and those whom they represent establish
the obligations SiDulaons and regulations following tow:
ARTICLE FrEsTThs ssid Company hs be estabshsa and
CoMP 4 s m
ratop or anont the arst day Of sepembsr 1852 and shall
from the hereof unless sooner determined provided in
device the of Of the State of Louisiana and for
insgrip 30 the name Of the Company
officer whom shall be served 81 citations notices other
s .s process in matters wherein the Company may be inter
objects and purposes the Company
FrstTG make Insurance on Dwelling houses, Stores and
property against loss or damage byfre.,
MAKE on VESSELS seamboas FFeg
Profits Bank Notes Of Exchange and other evidences Of
every connected with Marine In
The Company may cause any risk
upon which it shall have made Insurance.
parties to his act are declare to Be in tos amount
All wch sad pa . ha Ill., on the n Of the &c c9
of he subscription and made payable the first Of
dent Of The COMPANY have received the
for premiums advance and such notes shall be subject to
Al for made BY these parties 70 be
pany and the of such premiums when paid shall be
the of the insured until the shall have
subscriber such shall any event be liable for
Ih in case at the maturity Of the notes given IS aforesaid
any due thereon after the endorse
m ana In Lid 5sase Of b the ss
shall the right their notes for such balance
Ali the Aforesaid notes shall contain stipulation that should
the the Company require it, the drawer drawers will
ne s e or he no Waving ali and Plea o ~sn
of value consideration for the same.
&c
''g Ths Bo aHdt Tras ss shall consist Of
Company be elected Except the first Year, the lat
Nsd ss ss he as a aSs In es e
election they viii give least days notice by
and they appoint three members of the Company pre-
lR de to a % shall
appoint others te ill the yacsnsi aa
Monday October after the election and shall hold
year thereo until others qualified to il
receiving plurality Of votes shall be consider
place day fed the PRESIDENT shall csnse an election
by advertisement in more of the nespa
PIT The Bonrd Of Trustees shall at their first meeting in ever,
year elect and Vice Presdent who shall thu
hn hod her Office until their shall eected
The President shall preside an meetings OF the Board
Company and shall conduct the business
the Company generally the supervision of the Board
In case Of Of the President the Vice President shall
such meetings. and shall sign the policies OF the Com
pany.
The Board shall fix the COMPENSATION Of all officer
clerks elected employed ny them in the service of TIT
Company.
They the profits arising from the business of thu
Company in the hereinafter provided for. They
hereby with full frame and adopt such by
laws regulations, they deem necessary
requisite of the Company and the transec
ton OF its affairs provided not conflict with thu
true tent and meaning this of incorporation with tn
laws they shall have full do all othe
acts necessary carrying effect the objects and purpose
Company herein provided for and to fill all vacance
that may in their number.
ARTICLE F1FrHThe following named persons shall eonsi
Board of Trustees and hereby vested with al
the rights powers specified in the preceding article The
shall until the last Monday in October eigtee
hundred and one until others elected IL their place