New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-06
INSURANCE.
CHARTER OF THE LOUISIANA STATE
~ MUTUAL INSURANCE COMPANY.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.

remembered that on this twenty day Of the
siy Of the Independence Of the Unttcd States Of
America the eghty-fhh, ,,-.-.-,,,,- 49,, -.,
5S s,G ad me- o Re Ps Of rissns Of onIsiana
and the Of the witnesses hereinafter named and IN
Personally and appeared the parties whose
the provisions of tho laws Of the satg Of Louisiana relative to
t@ Saq and afee5 nad DO y these cSyns and
bind themselves s those whom they represent 10 establish
the obligations sbuao and regulations following, towit:
FrRsrThe saa Company shall be established and
signaed By hs sId tile Of he oUIsiANA STATE NJ
atons On Or abou: day September 1860 and shsl
exist for and during the full end and tenn Of yea
from the date hereof unless sooner determined aa provided in
seal shall be used by the officers of the Company having for
the Of Of the State Of Louisiana and for
inscription The name Of the comPauE.
osesr mon whom sal be served iii caton notices or other
legal in matters wherein the Company may be inter
ARTICLE objects and purposes Of the Company
Fiest-fo make Insurance DwellnghoHses Stores and
property against loss damage by fire.
make Vessels Steamboats, Freights,
3sets Bank Notes Bis e E*ehan aad other eyidensss d
debt boory and resondentie interests and generally all and
S and Sr itaat5sts RisEs. - w
sr 1ne s IGPn It law made insurance
ARTICLE THRD-The 1nes aud respective interests Of the
Il Which said partes shall the organization of the Com
p for their nd notes q vel sp pr S r me
October 86 for which reeeip. shall Sc given by the Pres
dent Of The Company, acknowledging to have received the
as for advance and such notes shall be subject
all the eontingeneie; Of capital n,rs. ara tn no
paid in conformity with the rules and resusons ct the Com
endorsed of the insured until the same shall have
No snSscrber of suck notes SHALL any event. be liable
losses the Company in larger sum thaa the amount that
And in case at the maturity Of the given safoesad
there 6aa9ss due thereon a9F the snd Or.
require the payment of said balance the drawers of such
shall have the right TO renew their notes for such balance
All the aforesaid shall stipulation that should
good faith maturity the amount thai shall appear 10
| Of value consideration for the same.
FouE1HAl the corporate powers Of the Company
shall exercised by Board of Trustees and suck officers and
The Board Of shall consist Of thirty three members
Of the Company elected Except the first Year, the last
Monday September in each year at such place in the city Of
New Orleans the acting Board shall dessnate Of which
advertisements Of the newspapers published in said city
SIDE a. such election and should Of the salt
Inspectors decline fail 70 attend the President shall hav
Te Board Of Trustees thus elected shall take their seats
the last Monday October after the election and shall hold tn
same one year therero until others qualified to act
their stead ,,xo,. IF ..s sro,, be eo,s,s,
ed and declared duly elected OF election ,akin
P e s ws day ts E7
thereof by in one or more Of the newspa
The Board Of Trustees shall at their frat meeting in
set 81 md ,bss 81 tie vS oa s9f ns st u
shall hold their office their shall he elected
The President shall preside all meetings of the Board
Trustees tie Company and shall conduct the business
the Company generally under the sperN son Of the Board
In ease Of the absence Of President the Vice President ha
preside ut meetings. and shall sign the policies of the Com
pa1y. i, - II q, -
and clerks elected employed by them in the service Of tn
They sAa invest the profits arising from the business of Ii
Germany in the hereinafter provided tor they NJ
herebv invested with full power frame end adopt such By
laws rules and regulations they deem necessary an
nte for the of the Company and The ransa
ton Of its Affairs provided The does not conflict with d
tr intent and meaning of this Of incorporation with tn
laws Of This STATE aud they shall have full do all ohe
acts necessary carrying effect the objects and purpose
Of Company not herein provided of ana 10 Ell all Vaeact
that may occur in their number.
ARTICLE FlFTH-The following named persons shall conSt
The rst Board of Trustees hereby vested with
tie rights nj powers specified in the preceding article The
xii hold their seats until the last Monday in October cigEtee
hundred and xone until others elected in their pac