New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-08
CHARTER
CmARTRR OF TIE FACroEs' AND
TRADERS
INSURANCE COMPANY,
or rev Orleans.
srarr or 1oUlsIlyA, PARIsH "a oRtEASs.
or rev Orleans.


tied with BY subcr pen purchase, transfer success
Corporation under the general law of t9ig State pro
mn The following spnlatons to govern the same as The
ARrlolH FIRST
The dome of the Corporation is hereby established in
city IF New ureNs Parish of Orleans State OF Louisi
AS FACTORS AND TRADERS INSURANCE COM {
It ha commence business IN or about the first day Of
ptemher 1906 and shall exist for twenty five years fom the
tied and settled BY order of twohrds OF the votes of the
s. it sla have seal and the device upon the same shall
the insignia, Justice with the name OF the Company
Tie President or in his absence, the Vice President
ecreta shall be III proper officer upon whom to ca
ions in all suits against the Company.
ARTICLE
The objects and purposes Of this Company declared
10 make Insurance on Dwelling Houses, Stores and other
udng Household Furniture Merchandise and other prop
rty, against los damage by Fire.
& To make Marine Insurance upon Vessels Freights Steam
sxchange Commissions Profits Bank Notes other ey
fences Of Debt Botmy and Respondents Interests and
NTH Es Marine ha sE Inland
g. To themselves to be rsinsured against Risk
upon which they have made or shall make Insurance
The Capital Stock Of this Company is hereby Sed a.
ing Three Millions divided into shares Of One Hundred
heresfteT provided Article Fourth of this Charter
The Company may commence business as soon as Three
each fiscal year shall end on April Soh. -, ~. 49,
paid in full and transfer of less than fn share per
mte except at the pleasure Of the Trustees the anseree
transfers of Stock Shall he made on the books Of the
Company office in the city of New Orleans only but not
while indebtedness to the Company exists on the part q
In addition to the CAPITAL Stock Of the Company,
tingent fund Shall Be created to consist Of ali interest
received from other sources than premiums From this fund
aie t Sae If n ba be- made to stockholdeTs
the close Of The dsoal year after deductng the
p @ p ere csn a III be dseaed on tie amount Of the
from ae u is payment tb q such tine r. M
should Insufficient the s4d & interest ne n[ asR III b
" fbess dsdnds shall cover all in the profits Of
tie Company except Hereinafter provided for in Article
ses9n ces of .bs fund after payment Of the interest
dividend above provided for shall eeennats and sha not &c
touened except or he q ioSes as a. pt b
sSS ias s4 siays otsstoq GoF hs
Sapat St9eS ant w same s bd %e NAV be nppro
prated from 10 year The Trustees may deem e
ps1-s-l' ARTICLE FOURTH.
Al. ersons WIN have subscribed or may hereafter sub
cbs tbs Gspita STOCK Of his COMPANY shall pay on or
before the hTsl business Gay 81 oopanS s pe g,
~ ioiiar er share PAYABLE ut such times as the Board
# lrgstess may ag gi acs. otb ssc n in
the judgment Of the trustees necessities Of the
snail be de and a able ia such sums and 1t such times
al the Trustees may determine after thirty days
tIaref ibis6ed II I'M otesi journal al the city Of New
Orleans provided that less Thirty Days shall inter
yene between the time Of payment for each instalmen
Thenou-paypent Of said note, instruments on same
the entire the
Company together with All accumulation thereon and all
interest Or bess thereuno belonging provided that the
5seI pFo iaay sa' NJ s1V 't' "s
Enr ia forsgo;np snbscptions eeents moi transfer
M, rG sns ~ 1850 ~ 1920 S,I ~ , H.
subscribers acknowledging paid cash.
pany on issue o. Certificates Of stock IS provided for in Sec
'g Z; f,s5f,sl sock Of ina fIomnanv sub
semen to it'd small be upon the same terms as tie
g. Until the whole Capital Stock is taken up subscrp-
h e ST. sha Se egsed to stoeIhodefs dafBe liz asl
three months of each fiscal yeur Of the Company,
40 bs GomSs5 R e ns asn se @
his her or their Subscriptions Ohio Capital stock and his
'-s'' y 1854 '-4s4'' s'-ffs y ''i'
-, Il
~ M; z ~ Ely Guy VS. o0es' anu
81 th Tt .p .Ifal = n y M segS e19eu F
% tnqs se appI bI o. ne company q any pT5I
9s Y be rona n RI have b. fp Nh ebaassd
Whsnsysr i shall have been necessary to use any portion
y ~ u w % 3 IN III i5 " s, u
losses shall be made good an earnings and profits from
Y sstabsbed Sil 20 'A''i cue e1p''At
and in Section ct Art Gle Of ths Charter shall be made
payable Y tRe OF their legal in
INA M, ~ ned o MIie there y I dited
Of whatever kind again the holder but the shall
That within the month Of May IN each and every
cedng ineiusye u the following 70 VIZ: SHOW
Marine risks each deducting thererom the amonnt Of
same not terminated q Showing the amount of losses
a g Rs s2a Marine t as Fbe
will show tie net profits on premiums for the wear From
this ec,enag provided Tor in Section
Article Ill Of hi Charter must list be taken the balance
Company pro Fsta on IL ened By each
maid In within the year provided that the amount So divided
shall III yeaf seventy five per Of the
Capital STOCK Of the COMPANY held BY eaen on The
day january of each that any surplus the
seventy per shall be credit Of the
noet nd and provided further that no son of less than
divided but that such sums shall be carried to the credit
OF Che Contingent Fudu.' la :.
THAT declared shall bear interest that any
ba fsreed to he oransny md carried to tbe
Of tnd alter the publication Of the same
once we for four uccg in the Official Jour
That parties insuring with the Company who are not
stockholders may such return as
stocho Ter receyi said cash return shall forfeit all Claim
IL anv further in the urofs Of the company I'd
nroved fnr in section Of this article of the Charter
That all premiums all be due and payabein en- under
to by
Board Of Trustees
That within the month of NAV 1857 and every wear there
aer the President sha cause to be made statement OF the
net profits of Company az provide section Of th
article and shall canse the same to published in at least tC
Of the city papers for tine mouth together with statement
the nset Of the Company snru hing the portion OF same
which Is in cash and he portion thereof Invested securities
and e MIXTURE thereof This publication shall be nde
oath Of the Presenl and Secretary and shall be coucusiy
and binding upon all persons interested
s5, ~, 4. . ,.,a.. ,c .,o so3s ,,,,,.,. n al, !.
= - Nv to,a.S X 49,, ~, - 49, M gs 80 IL
eieEhs ~ tney may appelht \, n, - az - t a.
~ % ait EssT5 . 5noI,, M fb {ra sapon 4
hahes e be elected on the see9sd 70 april Of eae
YEAR a. sse , Paes .ne = ;S e nl.a
80, ~ ,tta ~ 10 ies ~ 80 ~ ~
Mn H. M d city, Ie fosrd ~ irustea