New Orleans daily crescent., 1866-06-05

shall commence business the whole amount II y
ist fos twenty-five year from the d@;e hereof a. man & Sta
ate Of Louisiana and for an inscription the of the ~ ~
,mpany aud the date ef this act. Il
SECOND, n.
The objects and purposes Company hereby declared
III To make insurances upon Dwslng Hoqse Stores mo
ossbod F9re n oods Wares Ms,aandi,s Nachney Ss
ID other property, against lo q damage Y ne can os1
ea5oa srd other vessels Freight Goods Bills Of TX 's
GSg 6 sRq or wGn H5ey and asa ali MARITIME
1rtaton Risks Bottomry and Resp9ndenta Interests @ anu
arine river life accident insurance o. any kla what
with privilege Of exercising all or either OF sad par pa
x upon Which shall have made insurance and al citation MI
Offices apd 2t9sF iegs P5oc;G @ H. %ss Pfn Js to be- soD5ad in
ne manner hereinafter provided for -
THIRD.
The capital stock Of said Company sha be three hundred
nd seventy hye thoasand dollars dyiaeI ntG sts
be paid for tine time and in the manner following
the said soS sho al r. Pay as2 the 4spS F 5
he FTf,a9nt re- lent s gepty hi oa IN ch Spo2 @ and every
subscribed by them and :urnis their notes TO the order
e o appe M pS @ hs B9rd Of DactoTs may deterne pro
$ed u iF a IL r same Shall bs made y install Of
han twenty dollars qR eaG4 snare At @ eh eFGu5 a may
snc and Engst languages III two newspapers published
payments 70 9s maae @ Whlca Sa'q T cfP @ @ % = hd to
provided for
All the corporate powers said snail be exerclsed
BY Board Of Direct rs conPossd 81 nineteen no e
of the Company Notices such elections shall given
and continued days mme lately preceding sad election
The Board shall appoint three inspectors 70 pre-
fs d send the President shall appoint others in their
The Board thus elected to take their seats on the
the year thsrerom until their successors are cleo
ted and qualified
Board % Directors ha4 L. eoa @ 9t % the be- foowng Wonta
IN Jsn3sry 85 Of antIbsi quail
fed, viz:
4 4 4 Ss5sf.on' So4sa f25: Fa%as sR55a Simmons.
iSER EdTafd TSisgat: Rgaoy. '' ehaye. f Walker
George &C. l5s v Manson, \. i. Thomas,
Z 2 Hf6tnnt,, H}5beas. Y. Y. Il 4 Asli@ss' sorI@.
G. (. Z EagsF, Ei,ssGS''-' Charles E. slayoack,
In all elections shall be by ballot and those stock
holders receiving plurality votes Of hs stoehLodsrs @ pre-
cae another election take place within ten days thereaeF'
and give notice OF the same as aiafesalG
SEVENTH 4
Each stockhoder shall be entitled either in or by
s sspectysy Mold provided hat ipdiy3aa egrporst9
in ninety days prior to said election
EIGHTH.
Each every holder o scrip shal! be entitled to yoe At al
holders the Company and o entitled e 2ns yote 2T e@sh
Corporation or company shall be entitled greater number
9fyote RiE MI 3ng M g dSbs Pb5sI po @ to acR m election
In yearly dividends be declared 6y said company the
ITEM une Tie year and tie stockholders the Of the
capital stock held by them.
The insured who shall claim aud rsSeiTe return -, Of
Twenty-Five cent o ts pFsmn@s i'm sR4 2Ets5 b "a shf
the Company.
+,,r ~ tIta di,-s
dsnds be entitled to receive certificate Of pon bearing SIS
per which certificates shall be signed BY TIT
Should the Company in exceed the pre-
part capital paid in sid certificates shall be reduced Sc
IS to make good the deficiency.
TWELFTH.
No certificate issued for the fractional part Of SUM
between Tens Of Dollars nor for any sum less than et
@ dollars to be passed to contingent
Tee GmP4PS SS j and 50 soon as tie reserve fond
hereby shall exceed Three Hundred and Seventy
amongst the stoekhoders in proportion to their respeeS
interests in the Company
THIRTEENTH.
The stockholders shall he paid their dividends in cash bn
be then Pfd shall mot 65 ISeq @ bs5pes 5fn per bi
placed to unpaid stock account until the same
paid in full -,,-r-rr,--r
The Board of Directors shall at their FIRST meeting in ever
year elect one from among taemseiye as FTesaeut ahu
elected,
No o RerSG do s not ut tie tims of bis election and during
eontin- nee in office hold his in that Of the Con
shares Of the stock OF said Company
SIXTEENTH.
The Board Of Directors the power to appoint su
officers and employees shall be necessary of the 90
dnctng OF the business said Company or to ordan m
ernmsnt Of Company provided the shall Mt cont
the laws Of this State, the true intent and meaning
Tbev shall fix the compensation of the officers clerks
eeG's9 ae sba n a6 bS power m ali vacancies VIII
- may occur in their number or in the Presidency
SEVENTEENTH.
The Board of Directors shah have invest from
to time the money caual Of the Company in bonds
iR I'll m o 9Se a WhaR Shall
deemed worth least double he amount loaned thereon
They may also invest the profits Of the Company 10
bonds or created by under the laws Of the Uni
Civ or make any loan or pledge Of any aforesaid
os cues bonds or stocks, or on any collateral or bill
They shall have power dispose Of mortgages obtained
pery conveyed them satisfaction of debts previously
tracted purchased a. Pnoc sale upon @ % T5GS ay
or imnoyabie which may been pledged or abandone
r sa UGRP"S PnoSng herein aoatns shall Be % construed
authorize the said Company 10 eiSeonr Sr r{iy o
rectiy deal trade buying selling movable Or imL
that tie Company sna have the right purchase prop
building, for the purpose of establishing an ohee there
EIGHTEENTH.
Yearly dividends shall be made of much of the prof
the Company shall appear adySsee 6mt the pT9P3r
the time making such dividends shall not be consider
part Of Rs PSa t. Ct capS RS speR d ad
no 3 bSG s covered d" and e made
-rpN the profits. -
In the yearly dividends to be declared as aforesaid
to paid the Stockholders shall not exceed te
hs 3P Of . G i S6 Ra6a3 & sce s pa S'
stock is paid iq full wnen t. sa oe the dnS y q @ 'ee s
for full paid shares -
After the whole capital stock Of the Company shall
aeived been paid the Board of Directors shall have the ri