New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-31
CHARTER.
CHARTER OF THE factors AND
TRADERS
INSURANCE COMPANY,
OF New Orleans.
So y Lor1slasA. PasIsa . ohLEAsgs:
Of New orieaas'

S5 anpg oa sy abscr pan purchase ransfe or success
on ogoraten under tss gneTs JAW 81 tis state PR
ppm liz following sopaatons to govern the same as the
FIRST.
5he deme q Che Cooperation is hereby established in
the city Of New ore rs Parish OF uresos State Of Lonisi,
THE FAUToss AND Traders INSURANCE COM
hall commence business the frst day Of
eptembeT s56 aud shs exist fer twenty eaTs ON te
dated Rs settled up BY Of wohyds Of the votes Of the
Il sha have seal and the device upon the same shall
be the insight Justice with the name of the Company
rTes tent or in his alb ence the Vice President
tons in iii suits against the Company
ARTICLE SECOND.
The objects and purposes Of this Company declared
make Insurance Dvelll Houses Stores and other
efty aeainss os o. damage " Fire tVp
2 TO make arps Insurance upon Vessels Freights Steam
BsSsas frots Bank Soies and Other s' eq
denees 81 pse betf1mI and Interests and 70
viii Msrine d Inland TTsnsporstion risks ''''stsS
upon which they have made q shall make Insurance I'
THIRD.
l. The Capital Stock of this Company hereby fixed
ing it 10 Three Millions divided shares Of One Hundred
sls 81 s' ri Z d5a
hundred ThosaSd Siss sha have Sen sbscr5ed bS
cseh fiscal year shall end on April sOth
PAID i fa and ne transfer o les than one full share
tte except al the pleasure OF the Trustees the traneree
Transfers Of Stock shall be made the books of the
company at rs oce in the city Of New Orleans only but not
while any indebtedness to the Company exists the part of
In addition to the Capital Stock of the Company, cen.
tingent fund shall be created consist of All interest
received from other sources than premiums From this fund
P psF s Ssnd If 18Th the q
At the eose Of the fiscal year after deduoting the
of te cent shall be declared the stock
PAM az 9 aAte o. * payment At such time a. the
should be found insufficient pay said interest," the
deficiency sua up and paid the mel profits
These dividends seaI all participation in the profits of
the except as hereinafter provided for in Article
Any excess Of The fund after payment of the interest
dividend above provided fer shall
touched except for the payment of losses after a other funds
o the Company Except the Capital Sock shall been
exhausted and shall ARRAYS be Held as protection for the
thousand Dollars tie surplus beyond Which NAV Be
Printed from year 9 year as the Trustees may deem
aR7ictH FOURTH
Al persons who have subscribed may hereafter sub
scribe t the Capital Stock of this Company shall pay on
before the nr hAness day OF Company; per
approved to the Company for the remaining ninety pc cent
e sinety oars shaTe payable At such times the Board
Said notes shall contain clause to the effect that it.
eo5s % SG bee he. q am s sat e f b
sae p das and Pa able such sums and At such times
shsreof published II The oir,a journal Of the city Of New
Tepe 6ssween thetine Y payment for each nsaiment
nor payment Of saia noes Or instaents same,
Company together With all accumulation thereon and ali
Trustees may extend said for such time they nay
for the foregoing subscriptions receipts mot transfer
a1le signed By tbs President Secretsry shall be issued to
notes which receipts shall be surrendered to the Com
pany on issue Of Certificates Of stock provided for
subscriptions 70 the Capital Stock Of the Company sub
sqnen o iss organization sna be upon the the
2 Until the whole Uapal Stock is taken up the snbscp
49, 4, ~ neE subscribers Throughout
shs is a os e9yeo % during the last
T. No stocshoder shaiI IL i,y essaf H. na9e " II
Mi her ~ - my w p , man ne amount Of
Ae'' OF 'heif lndees' dnssa 70 the Company.
f4 ARTICLE FIF1H
Of Ills ~ sTry ont ne objects and purposes
L fh1t the capital Of the Company any portion thereof
osse. ~ IN 49, s nsHel re Rsed I'M the liquidation Of
eson1es of IN paPose un az me other available
~ + 14 ase been portion
VI ~ y TIM gfniaqy FIR she liquidation losses OF
ioss sbs s. Gs a saa ee declared Or paid until said
%Sss derived snail be reserved until the Capital
and ii seoD y ~ declared as provided for in Article III
paya6e e dc toeEkods y bs s SaasF ss Be nads
se q M irutes provided that divf
Of whatever kind against the holder h ~ &
within SS ao saR i sag P sass satisfied 5bs
ssdng inclusive il the following manner Il WIZ Show
Ig tae amoant q premiums Fire, kser and
a She mn as each dedsc1g theretrom the mt Of
PAD On Fire River and Aarne risks each reinsurance
premiums or Re y 9aq RA F4oa
1ne If my provided Section
W t' must hist be taken the balance
saat n yIaea snong Tie dckholders the
II III provided that The SO divided
$50 ysat exceed rev nty i've per Of the
day If JAnuaT w ha ~ eacn, on the thirtybIs
I've PEI CENT shall q carried the credit the con
ts1 @ that no som Of than
"a vIed II @ ptts 81 Tens Of Dollars shall be
p no denh declared shall bear
decad sb the eTln IF three irem The date
s isltsl 70 tne 0mpanV and
src : ~ II ~ una altsr the publication Of the
t9t suf sueesssigey in the Oicia Journal
T 4 5T,,st5 aa ft . ottnsls' s., =, - sgsf
s'e n lnas iece Ve sueh sh return the
Ilh lame 70 time determine, thatany
n INV F,s, \ s9 eesh return shall forfeit all clam
provided tar III seefnp L ~ W. Rohis o. the company
~ s. al be due and payable in cash under
Boafd N IRON time to tine adopted by the
nal Ln me month Of May 1857 audeyery year there
" s sna cause 70 nc made statement the
m "a md Am ~ peoslaeo IT n section Of his
Il NV the sAle 70 he published in at least two
l. assst NJ W ene ING th toseher til statement
% IA n ash Gistlnsul hnB the portion Of
~, fbe nat5rs tbsrt isel invested IN securities,
I'll ~ @ ros,ee IN anu and shall be conclusive
= - sous is s
Il An tss corno.o,a $500. $50 s 80. IL
w bnad q trustees and such other officers and
3 sbo R,diIa i ~ Try stp .an1 II x, ~ j. . -
even X whom form nan eo,st q % persons
e ps elected the Monday April Of each
rustees Shall designate. ~ irb sbe se bnaLa OF
last fourteen DAYS reyieus notiee In he jS "
iec nesspsp pnted ii city The Board Of ristees
ectos I'd esidh III a,Fi, y. IL