New Orleans daily crescent., 1861-01-15
INSURANCE.
QUARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.

".
soned and sworn Parish Orleans Of ouisiana
and the Of tha witnesses hereinafter named and
ps3asy and aPPsasa The 5 Pas; Te3s names ar
the provisions Of the Laws Of the State Of Iouna relative
the organization Of cotora1ns in this State they had cove
bind themselves and those whom they represent, establish
the obligations stioulaons and regulations following
Article FIRsT.-Tl1e said Company shall be established
snsa II 5y f city G SsT and G M
ss ifs on and q a 6s I' snd y ss
from the sehereof unless sooner determined as provided in
a be u.ed by the 9iees Of COMPANY having for
In.crption The name Of the Company.
officer upon whom all citations, other
legal in matters wherein the Company be inter
ARTICLE sEcospThe objects and purposes of the Company
First-o make Insurance Dwelling houses Stores aud
other Buildings Household Furniture, Merchandise and other
seGoido make IGn5anee on Vessels n steamboas Ftegts
Pfoits Bak Notes Bills of Exs6ange and other
debt bottomy and reondenta interests and generally all and
lana Transporation Rsks
upon which It shall have made insurance.
ARTICLE TmeDThe names anu respective interests Of the
All which Sid parties shall on the orgni2on Of the Com
anount Of their subscription made payable the 6st
October 1851 for which receipt shall be given by the Presi-
and such notes sall be subject to
Ali premiums for insurance by these parties
paid ii conformity with the rules and regulations Of the Com
the Of the insured until the same shall have
No subscriber of such notes SHALL any event. be liable
losses the Company in larger than the amount that
and in cass at the maturity Of given aforesaid
premiums paid and the wants of the Company shall
notes the right their notes for such balance
All the aforesaid notes shall contain stipulation should
good aith maturity the amount that shall appear TO
Of value consideration for the same
s co e5 1 of he Company
III Board of III Trustees shall consist of thirty members
of the Company elected Except the first yea) the lat
onds M an in zach oa Esa at bn Iih nse The % % @
election they will give at lSa d9ys IN mot nGs by
and hev snail appoin three members Of the Company to pie
side as nspectosa such election and should Of the said
power 70 appoint others 70 fiji ,s vsc9nsieS
the lat Monday in October the election shall hold
hereffom or until others are qualified to act in
Thos receiving plurality Of votes shall be consider
paee e on shs day dxs Tie President cause election
be held within days after the failure to elect nd shall give
notice advertisement in of the
4he Board Ts:ss ha at hsiE first meeting in
fine election, exofco members of the Board and who
bs ha p5se n al Ra egs enGgst q M the Fss H0sa
TIT anG o. NE r the Of the Board
In Of the of the President the shall
RE BOARD of Trustees shall fix the compensation of all officers
elected employed by them in the service of the
riley al invest the profits arising from the business of the
Company The manner hereinafter provided for They are
hereby Win M power e bo frame @ ne ana aqcp sc 0
requisite the Of the Company and the trasGe
true intent and meaning Of this of incorporation with the
laws Of this State and they shall hsv b full @ to DO all
the Company herein provided for and 10 I'LL all vacancies
a ahTicR aT Sf % oo~ipg shall
uc Board of Trustees and hereby vested with all
shah RoiG teir seats un the Monday October eighteen
and xyo until others are elected in their place
BOARD TRUSTEES:
| kradeo Landry Octave Voorhies, ". G. Betterton,
1 dhSoi9ss + Es laRaDz T. TEaG e65Bs8 Sssv
| John Gtudy, Z. Bordelos F. Hickman,
l. fhpfRs' f. Gna'tis, G. G. GaTaPsc, scI' chas J. Leeds,
i f?ss Sf;s In l. HonGsSssa i 4sn e. AHftsn Htsann
+ Bssas Bs5nsfen So 7oly Herr WI W 'd5ofs5 dsassr
15ass GP @ ss1f
credit The books Of COMPANY TO be m Issued ned as herein
Eht yots s pers@Gn @ Or hodF S Al
thereof hal e4e holder to yGts for
the amount Of one thousand dollars then each HUNDRED
anonn t1 o the certfcte shall Of housan
dollars when each one thousand dos more , shall be entitled
shall transferred the person or firm claiming
ARTICLE sEvENrHThe Board of Trustees shall have til
power invest from time time of the profits of tn
smbeed gGPsdd Tea sG esihte sff Parish I % es!
and in every case the rao mog"ged shall be wor
They may also invest surplus the Com
Rn1E s laws of Of he uniied Of h STATE city
may make loans of such cash Or surplus profits on pledge
Company hold real estate to an amount not exceed
pnrchase, in addition any properly which may have beef
nortgnge the Company any forced sale of the if il
| the q
prooted or should reque purchase loss
% Gses epP qf G egnPny n w
one from the time the hrs policy of OF shall have beer
year cause estimate be made to by the Presi
Of the o" m of the Conps%y 9T the YEA
period embraced in such emate d'stngng between Fire
np"h iii pertons entitled certificates Of profits here
provided Or and h% m tas hersupon fSE9 M each M insure
peny according to the amount OF he premiums by him paid
m nd m no and b" credit him with the anount Of emuns
also with in hsTsG snd o of the the bp9s PT
appear to be in y9 nv % Of the end M shat DO eni
ing interest the of per cent annum payable ,h
AOn in S @ one OF safh & 4 he
% for any md ali subsequent sustained by the Company
And should entitled to receive such certificate
the books aforesaid and shall not have paid The same at th
S esa!f Ssh sesS d o the
nd9eness and the fsm essqs s hn u 9Hy1 G besn Gf
any Of the purity 10 whom Sh9l hays been dey
5qa ofe or Gs "S e esaHE Of e ceeae hsroo
sbn be made except option of the Trustees
indsbteduess shall have been entirely extinguislled
II % a s0sa bsse OF T RG h s
from the their then the shall be cancelled
and the thereof with all the interest accrued thereon
placed TO the credit OF the Contingent accont OF
the books Company after public notice by advertisement
in French English for thirty days two of the newspaper
published in city, which notice shall set forth the
of certificate and the name OF the party entitled 10 the
dollars fractional of sums BET tens of dollars
Shall be omitted shall be placed the credit of the
tngen account" Of the Company and aPped TO the paymen
of the exlenses and charges of the succeeding
The certificates shall only be transferable the books Of tn
Company, and T'ith its consent
ARTICLE NINTH-Every person who shall become membe
of Company by eecn insurance here SHALL before
shall be determined til
the paid shall be withdraw
from Company provided in the next article bu
shall liable for all the losses and expenses incurred by tn
CompanV.
TrSrH-Whenever theaccnmulated profits sha
exceed of five hundred thousand dollars the
thereafter employed from year, to The redemption
part each years certificates profits issued
not be until those Of all the preceding pai
The Board of Trustees may however, any their
twothirds whole of
her so alter this article, require accumuf
tion of amount Of million Of dollars before h
shall be appiedto tho of certificates aort
ARTICLE ELEvEY7H-On day the first month afte
the expiration first of October 1861 from TIE issuing
the first policy and within the first month Of succeedn
of the Company shall he made undC
oath and shall publish according law, General Balanc
Statement affairs OF the Company which shall
Frst-The of premiums received during the
ices Marine Policies and River Inland Navigate
, ! Policies.
SecondThe of the expense of the Company durn
ofI