New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-17
INSURANCE,
QUARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE. COMPANY.
STATE OF LOUISIANA, CITY oF NEW ORLEANS.

Be remembered that on this wsnysevsnt day of the
mouth Of July in the of our Lord thousand eight hmm
l He d he srhtR Oh ' or's states Of
Before me- Edwed EsrD s S9,sry Pabe, day commits
and the presence Of the witnesses hereinafter named and
Pesocay and appeared the parties whose
ereunto ueT3Sd Eho dscsred that ayaiing e4elyes Of
the Organization Of corporations in this State they had
bind themselves those whom they REPRESENT establish an
m GS III s ss sha PSsfs af6
ARTICLE FIRsrThe said Company shall be established
located in the city Of New orleas and sa be knogn end
TuXf ISSURA&GE CoMPAN It shall commence is ope
fis for and dnns sbc FIJI end and term Of e i've vea
from the date herof unless sooner determined provided
ss4i @ be used BY the officers ofhs Germany having for
TIE Pesideptor Secretary fs opany be the proper
officer upon whom shall be served all citations notices or Other
legal process in matters wherein The Company be inter
sECoSp!he objects and purposes Of the Conpany
FieSto make insurance on DweIlinghouses, Stores and
stheF Buildings Household furniture, Merchandise and other
SEQ do make Insurance on VESSELS STEAMBOATS, Fregls
Goods, Wares Merch9ndse Specie, Bullion, Commissions
ebt bo5my ard repond2nia interests and generally ali and
every to or connected with Marine
The Company may elfto erensured against any risk
Article 9anSs aud respective interests q The
pany business furnish their notes, we'll approved the
October ISL for which receipt shall Be given BY the Presi
a le @ pa sdyance and such 1otes ssi bs snbt t.
all the contingencies Of capital.
paid il conformity with the rules end regulations Of the Com
p"ny and the amount Of Srch premiums: when paid shall be
endorsed on The notes OF the insured until the same shall have
losses Of the Company in any larger sum than the amount that
And in case at the maturity of the given as aforesaid
there shall remain any balance due thereon after tbs endorse
no reane M oG d e the s # s sne
SHAH have the gttto renew their notes for such balance
Ali tie Aforesaid shall contain stipulation that
pay T IL good faith at msty SoHn shall appear to
be dug his their note waving all and every plea Of want
of value consideration for the same.
ARTICLE FoURTH-All corporate powers the Company
shall be exercised by Beard Of Trustees and suck officers and
The Board OF Trustees shall consist thirty three
Monday September each year such place IN the city Of
New Orleans as the acting hoard shall designate Of which
election they will give at least fourteen days previous notice by
advertisements in two Of the published in said city
side as inspectors at such election should any Of the said
Inspectors decline fail to attend the President shall have
power to appoint Others to ill the vacancies
The Board of Trustees thus elected shall take their seats
same year heofron or until others are qualified in
Tho per,ons oeeyng plurality of votes shall be consider
ed and declared duly elected In eyen election taking
b. held within len days after the failure elect give
uoce thereof BY in one or more Of the rewpa
Te Boa:i Of Trustees shall at their first meeting every
year, elect President and who shall at the
shall hold their office until their shall be elected
The President shall preside NIL meetings of the Board Of
Trustees The Company and shall conduct the business Of
Company generally under the super' sou of the Board
fl the the President the Vice shall
preside such meetings. end shall sign the policies Of the Com
pany.
Tie Board of shall fix the compensation officers
clerks elected employed by them in the service of the
Company.
They Shall invest the profits arising from the business of the
COMPANY hereinafter provided for. They
hereby invested with full power frame and adopt such by
laws regulations, they may deem necessary and
requisite for the government Of the Com any and the ansac
ton Of its arS provided the does not conflict with the
Of this act Of incorporation with
Jaws Of State and they shall have full power do all
acts necessary carrying into effect the objects and purposes
the Company herein provided for and 10 fill all vacancies
that may occur in their number.
ARTICLE FFTn.Tlle following named persons shall c0ns
1ite the trustees hereby all
the rights powers specified i'll the preceding article They
shall holu leif until the last Monday i'll October eighteen
and until others elected in their pnGe