New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-30
CHARTER.
CmARTER or THE FACTORS AND
TRADES
INSURANCE COMPANY,
OF New Orleans.
CHARTER.
srATE OF LousIAN4, PAalsn or ORLEANS:

THE FACTORS AND TRADERS lNeU RANCE COM-
Z II hail commence business abont the first day Of
# its affairs should be qu
dated and settled by order Of tohds oil the votes of :e
1t sBeI have seal and TIC device upon the sha
Secretary shall be til proper officer whom ca
| tions in al suits against the Company.
SECOND.
Tie objects and purpose, of ibis Company declared
buildings Household Funiture Merca disc and other prop
z r. make Marine Insurance upon Vessels Freeh Steam
2oa Goods Wares Merchandise, Specie, Bullion Bills .?
aeGe5 q DsG BottGm and kepondentia Interest," and
Win Marine or Inland Transport alton disks.
3 10 cause themselves to be insured again; any Risk
ARTICLE
oaE IN 6 " 5 St. Of xii GeRg4Py y 4Ssg fsd
g to Three Millions divided into shares One Hundred
s % "a o %a 2 d s euI TIN q 24G b aT s
Ihe Company nay commence business as soon as Three
etsh tscai year shSll ead on Apfi 5J.E. ',''
= No Certificate Of sqct a be issued until the is
tted t%es a we pleasure Of the Trustees the taeree
Transfers Of Stock shall be Inade the books Of the
We any Indebtedness to the Company exists on the part OF
In addition to Capital Stock Of The Company,
tiggeqt fund shall be created consist Of all interest
ese gpoas on loans and Investments and Of al anqans
atter TIE current expenses Of the Company have been
At the close Of the fiscal year aet deducHg tie e
X e per cent shan be declared on tie amount u the s.oc
paid n and from the date Of is payment at such time the
should be found insufficient to ha said interest then
These I.idtbds slui cover alt participation in the profits Of
ompany except rs hereinafter provided tor article D.
Agy eEeess Of tie fund aer payment Of the interest
dividend D2'e provided tor shall accumulate and snail not he
24eed except for tue payment Of losses aer all other funds
e&Gfti9 Ed sa4 aTas be NED rs aPr9t9ctio3 ioF tue
Eo4sg"9 D9Sr Tue surplus 6eyo9a waic may 3eanpro
ped 5S '- year 10 year. ' tut trustees may osen eA
ARTICLE FOURTH.
eroe . capital Stock .. tits Go3pany sSal pig on or
Teoe ne AFst business Dag Of Company, or
ajroyed to The company for the e nfn NINETY her aeH
II Ninety o per share payable al such times Board
Sa4 notes s4a contain clause the effect that If in
sh BE- due aud pa a6lein sums aud Ut such times
az the Trustees may determine tnrty Gays nouce
Orleans provided that less than Thirty
Vee 2stween the time If payment for each nsalnent.
PPoy3sd @ go Ell the en STOCK x e
2mpaHy together with All aecamu alton thereon and al
Trustees may extend said payments for such time they
SS5 sa sS o Ss sas sssP Pe sa
mics ,sS icl ig 'he mu"Et gEIa l. cssh ana
peny on Issue Of Certificates OF stock provided
subscriptions Capital Stock of the Company sub
seqnen to its organization snail upon a.
j Until the whole Capital Stock taken up the subscrp
i n bgok . tS"a,n ops5 TOR ne trogso
three months Of each fed yer Of the Company.
70 snail n any event be made iiane as hs
4t n-' or tFsT uGseTip o3s to The cagal sSock md BIZ
''' VI '''''' '4-e'' uHs'" 10 Tue company
ARTICLE FiFTH.
The more eectnally carry objects and purpose
Of this Corporation, it is hereby decreed
once subscribed be USED for tie quda'6 %
resourses Of the Company sh III have first
] ~ ! ,Ne oesh necessary 70 VS. any pertion
otherwise dividend shall be declared paid said
sSs De a%ae 5000 tuf AZ eaTnings ara profits from
IS ]. Re es s u, g!
II section 4 A. &c ts Gharter shall be made
10 NE q their legal eprese1 taves in
dend shall pad while there exist, any atured indebed
rss o SIM against the holder but the shall
Mai Win H. MANN IL e'gunes5 until saisned
year the ANIMAL EN- shall be made up to April o
iS the nj Of 5gem11o ~ ean ei 10 VIZ VIZ SNOW;
not 'f s4S sH5wR fro the az ut
p o ei t'Tef ana aaTlne risks each T@nsuTance
l d The a net anu S Sash PeIn ess ssy & The balance
ts paange me Il my Is provided IN Section
then remaining shan be rdsd amon oko Iae SIR S
PRO Sta on M amoaRt eHTned by each
% ~ me ea provided thAt tDe amount so divided
ntta stoc IF H. "nnn ba ~ MY hVe per cent Of ING
gay 81 @ o. eeea %eaF and that any surplus over the
ngent una ard provided frter that NO % S t G0
GTded but ii acR srS hens o. Dollars shall BE-
nodvldend declared shall bear interest any
Sdena nqG9imd tor the term of three from the date
1 70 10 te 9mpAnN and carried to the
y oPse yek 'E f weeks sneessSiven the Official Jonrna
o nay parties lhSnng with the Company who no
mere u may fece We III rssh return as tbs
Il q e ~ tt snil ortlt al clam
PROVIDED for IN section 4 OF 5hs article Of the Charter
the is ons rom De G3S ana to t Gss Gnde
%' Tbat Win The month If Nov 1897 and ~