New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-16

IN5 UiGAMC E.
CHARTER OF THE LOUISIANA STATE
- MUTUAL INSURANCE COMPANY.
sTATE nF InIrIs1A ANA CITY Gle NEW nRIELNa

Be remembered that on this wenyseven; day of the
month Of Jny in s yea Of our LORD tongand eight hun
America the siehty-dfih, ''''D-
before me, Edward barnett Notary Public, duly commits
and in the of tho witnesses hereinafter named and
apa the aP a a1s Tpis
the provisions Of the State Louisiana relative 70
the organization Of corporation in This State they had
bind themselves and those whom they represent 10 establish
the obligations spulaons and regulations following oit;
ARTICLE FfRsrThe said Company shall established and
b f e 1g n S seG M q
TAI iSsURhNCF COMPANY It shall Commence IL ope
s 5shs On and q dPng he M end Of sa
hereof unless determined provided in
seal Shall used by the officers Ofthe Company having
the coat Of arm Of The State Of Louisiana and for an
Th pTeden or Secretary Of The be the proper
officer upon shall served all Citations notices other
legal in matters wherein thu Company may be inter
ARTICLE objects AMI purposes Of the Company
Frs@io make Insurance en- nweing-horses Stores and
she Buildings Household Furniture Merchandise and other
Insurance Vessels Steamboats, Freghts
gooS F Wes so,ds @ II S an
bottomry and repondena interests and generally all and
GH Td Or win Marine
The GG@H{ a 1I h ss ns nsuane against any "
ARTICLE THRDThe and respective interests of the
Ali which said parties shall the organization of the Com
pany for business furnish their notes well approved for the
October 8oi for which receipt shall be given by Presi
premiums advance and such notes ahal be subject to
@ Of GaP mad. nv these nar,s. =. =,
paid conformity with the rules and regulations Of the Com
endorsed on the notes until the have
No Subscriber Of such notes sha in any event be liable for
losses Company in larger sum than the amount that
And in case ct the maturity OF the given aforesaid
there shall remain balance due HEREOF after the endorse
require the Of said balance the drawers OF such
shall have the right to renew their notes for such balance
All the Aforesaid shall contain stipulation that should
the Company require it, the drawer drawers will
in good faith At maturity the unit that shall appear
of value consideration for the same
ARTICLE the corporate powers Of the Company
SS Tbs Eeard Of Tr%5ssss shall consist Of members
Monday epse in each yeaz a sGsh place in the city Gf
election hey will give days previous notice by
advertisements Of the newspapers published in said city
Sac Inspectors such election and should the said
peeors decline fail t. a the President shall have
p" Tbe Boad Of trustees thus M their
year hereroa or until others are qualified to act in
Those persons receiving plurality Of shall be consider
and DECLARED 1 In @ Of no election taking
Be held within days after the failure elect and shall give
'S rhe Board q trustees shall at their first meeting in
me Of election be e,afeo enbesv Of The Board and who
shall hold their office until their SUCCESSORS ha We elected
of the Company and shall conduct the business Of
IN e e s esdenE he sS shall
preside at such meetings. and shall sign the policies of the Com
pany.
Tie Board of shall fix the compensation all officers
and clerks employed by them in the service of tho
| Company.
They Shall invest profits arising from the business of the
Company in the manner hereinafter provided for. They
hereby invested with full power TO frame and adopt such
laws and regulations rs they may deem necessary and
eouse for the the Company and the
ton Of its affairs provided the does not conflict with the
laws of this Stae they shall have full power do all other
acts necessary carrying into effect the objects and
Company not herein provided for and 10 I'LL all vacancies
| that may occur in their number.
ARTICLE FrTu-The following named persons shall con5
te the first Board of Trustees and are hereby vested with all
the rights and powers specified i'll the preceding article They
shall hold their seats Monday October eighteen
and Xtyone others elected in their