New Orleans daily crescent., 1861-01-29
INSURANCE.
CHARTER OF THE LOUISIANA STATE
" MUTUAL INSURANCE COMPANY
STATE OF LOUISIANA, CITY OF NEW ORLEANS.

month a in Of our Gr ono % o sh hun
America the eighty-gfh, y.,.. p,,u. .,,...
.ened and sworn for The Parish Orleans State Lousian
and in the of tho witnesses hereinafter named and
Personally and % e ap pas ars
the provisions of the laws Of tho State Of Louisiana relative
The organization Of eoFporS,9ns M in hs State they had cove
bind themselves and those whom they represent 10 establish
tho obligations, stipulations and regulations following tow
ARTlcLB FRsrThe said Company shall be established and
sasd M s G
TUAL INSURANCE. COMPANY. 1t shall commence it's ope;
s on and dnp" hs m end and ysa
from the date hereof unless sooner determined as provided in
seal sba used by the tho Company having for
device the coat the State Louisiana for
nscription the name of the Company.
officer upon whom shall all citations, notices other
legal in matters wherein the Company may be inter
sEcospThe objects and purposes Of the Company
make Insurance Dws'Mng s2rss @ o1 and
Sscod 80 make nsnrance Vessels Steamboats, Frcghs
Ba Ss o B % SSSss
debt b0omy and epondenta interests and geney all and
SSsiy "nd s'5S51ss Fiss OF CONNECTED WIN '
unan ne wc IIaphn s" hs7s made
ARTICLE rnDTne aud respective inerests os the
A which said partie$ shall the organization Of The Com
Rnny for Of el payable the t
October 1851 which receipt shall be given by the Prcsi
az for advance and such notes shall be subject to
All premiums made by these parties to bo
paid conformity with the rules and regulations Of the Com
the of the insured until the same shall have
Nc Subscriber of such notes shall any event. be liable for
losses Company larger sum than the amount that
Hnd at the maturity the given aforesaid
an s que on bs G5 ompseR ne s
require the Of said balance the drawers such
All iS' the aorss.d shall contain puaon that should
pay good fah the amount that shall appear 70
Of value consideration for tho same
the c9rPoIss co powers G of. Of The Company
9s Tie Board Of frstSss shall consist Of thirty members
% Gen IN ine oar @ ssae sss e hs o Gy
election they will give least fourteen days previous notice
Of the p9B;hsd b said
such election and M hsnld any Of the said
to p1o aof"s sf To m snail
The Bd Of Trustees thus elected shel take theiF sess
year thererom or until others are qualified to act in
Those persons receiving plurality of votes shall be consider
ed and declared duly elected In the Of no election taking
Be held within len days the failure elect and tha give
thereof by in one Or more of the newspa
Gf Trustee s" at hslf first meeting @ in
time election be exotcq members of the Board and who
hold their Gtce until their shall he elected
The shall preside all meetings Of the Board of
the Company and shall conduct the business of
the Company generally under the supervision Of the Board
In case Of the OF the President the President shall
preside meetings. and shall sign the policies of the Com
pany.
The Board shall fix the compensation of all officers
and clerks employed by them in the service OF the
Company.
They shall invest the profits arising from the business of the
COMPANY in the hereinafter provided for. They
hereby invested with full to frame and adopt such by
laws rules regulations, they deem and
reuue government Of the Company and the
ton of affairs provided the does not conflict with the
laws this State and they shall have full power to do all other
ac, for the objects and purposes
Of the Company herein provided fc and TO FIJI all vacancies
| that may occur in their number,
ute Board OF Trustees ard are hereby vested with all
the rights powers specified In the preceding article They
shall holn their seats the Monday in October eighteen
and until others elected in their place