New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-03
CHARTER.
C. hAAfhA OF THE h@A'iNS ~"
TRADERS
INSURANCE COMPANY,
OF New Orleans.
CHARTER.

/ vi NSH ORASHHs'
STATE OF LOUISIANA PARISH OF 'NISANS'
whose names are hereto subscribed is CoTp5raors do
csed With Us IL s1bSrptSn pSchSse traste 81 Success
sion, Corporation under the general this State pro-
Hpan Rs oWng oga ii % f sa u Se
Charter of the said Corporation ~ e''s'N As '"'-'
,pv,r,v r,,sr
H., ..,,, - A.. lIlleLS stssI ,,roa In
sne ciS II SS% 3fie ~ taGish o 0FeanS Sts h al ] Of
ppRaSSv' AClohS AND INAOhENs lNSoHA-'oH NN-u
1t shall commence business On or about the first day of
dated and Settled p by order Of twohrds The votes Of the
stockholders ,-,.., At. -, .,.,,,
be beth the in. insgn Justice with The name Of the Company
1p" rh In FFe s,a or in his absence the President
Secretary shall be t proper officer whom to eia
The objects and purposes Of this Company are declared
l. 70 make Insurance on PweA,9g stores ana otGer
ertg agSipst los or damage BY FRS
boats r. oa5 fs Wa asrehandS speo Bullion Bus Of
Exchange oomqissons Profits Bank Notes and other syi
81 and Insurance apgsqiing TO Or connected
s. 10 cause themselves e bo r,sas against any Risk
upon which they have made or shall make insurance
THO ,ro, s,,, nf tle co,,r .,., Px,d at
ONE MILLION Of Dollars with the priyileSe ofncrsas
Dollars each to be paid for at the te and in tie manner
2 Company may commence business as soon as Three
gpFea Ihoussa Dollars sha RSye been s0oSe0ea but
s. No GeTfcate of Stock shaI BE- issued until the same
pq n ala ~ ~ sras5e ot s9S 'HS os
Tgs s az StnR ai be made on be boos of III,
amy at eSs 81 S anew 5 GG G p RSf
tie holder is
In qddton to he C9Ra Stock Of The Go57p?n con
eeiyed ofpfoHts i5as a Al amounts
reteyed from other sources han premiums tfo ts fHnd
At the close Of the fiscal year af'e d2dnS5tns the e
# ten PEI Cent Shall be declared OH The a5an d the STOCK
PAID n ana from the dte q H. az such time az the
S ig gay UreUF P4'oea v4 IL I'M t9hngeRs lqha
def sna be made mp and paid out Of the net profits Of
n T pas.i IA AZ ieiI, ,, Al, IN .1 r
Company hereinafter provided fo in Article s.
Any sy Of the fund ae5 Of ter
fh xesB for The me Of ofsss a 9 5
exhausted always be held as protection for The
Thousand Dollars the surplus beyond which may appro-
peisnt IRON yea" % year as me trustees may deem eA
ARTICLE FOURTH
: ...,.
scribe Capital Stock this Company shall
Fen oer eaeb sSape ia cash pasn beir notes Vel
approved to the Company for the remaining ninety per GENT
or Sinet Dollars Per share payable at such times as the Board
Said notes shall contain clause to.tbe effect that il
om5aRg Tegue It these nSsss n apv poftipn oS them
saa bs que ana such sums saa at such times
n
thse9 published n The Official journal Of 5e Cy Of New
Seae bstween the time Of payment for each nstament
Inc noa,pay meRt OF sad notes OF instruments on same
Company together with all accumulation thereon, and all
Trustees extend said payments fSr sao6 time they may
aee F Pgop tbe fepon sbscntrors rs,.ts t,o
s y De ILa secGetay shS oe issued to
s OF o s6e az for GS
fi9 on .; f altiele ~; IL .. -, ,,,., So, , u,
sasn. i HI e 99 capa StocS 81 me 0oapsny SUP
Until the whole Capital Stock is taken up, the subserp
non Book he remain open tor new subscribers throughout
s YEN Gal sha ps coea Y curing tins last
e M an t bsg geaI OF the company
70 snail IN any event Dc made liable tor the
bis her the5 5usscriptio9s qhs Capital Stock and his
-''' VI ''''' 'lu'o'' 'Hs'S 70 Inc company
ANlA-1A E'si-'
of his Corporation Is hereby desTssd
subscribed shall BE- used for the ouidation Of
resources Of he Comeapv "a N ba ham s 3 es ssaOe
Whenever it shall have been necessary to use any NORTON
otbeT g no q ddspd S Sc ' ear @ 81 nS 9es G
losses shall be good all earnings and profits from
| is re established 49, W W ~ t
and in Section Of 1ftcs Of els CbsF o a m a i
payable to stockholders or their LEGAL in
J az re 81 ne provided that ne diy
whatever against the holder but The same Snail
be passed to the credit OF said in9ebtedne until satisfied
year the shall up to April 5th pre-
Ieg9 p anan tne lGoTng nann4F to Ft show
Marine risks each dedgcting therefrom the amount Of
paid On Fire River and Marine risks each, reinsurance
WI show the net profits on p-eins for the year From
tins balance the deficiency if provided Section
Article II Of Thu Charter must first be taken the balance
Pro rata on the amount Of earned premiums by each
IN within the year. provided thai the divided
not any one year exceed seytnty Eve Of the
Capital STOCK OF the Company held each thirty
day Of January Of each year and that surplus the
seventy per cent Sa be carried 10 the credit OF the
Sngen iund and provided further tht no OF less than
zen Dollars nor fractional parts Of Tens OF Dollars shall be
So put that al such sums shall be carried to the credit
OF the contingent Funa.
That no dividend declared shall bear interest and that
DIVIDEND ior the term OF three from the date
sa pe Ioreea 70 ne and carried to the
circuit q h after the publication OF the same
oGe weeks saccssEey in the Official journal
|, u shg ,OS q Is" ,GEleaus. ~,
ingt pattes isung with the Company who are not
tnee may receive sueH cash return the
my ron tne 70 time deernine and that
su csh return snail forfeit all claim
70 IN the prohts OF the
PROVIDED LOT secton = OF nus article OF the Charter
a lha m premiums sha oe que and payable in cash under
Ine Ie9 anu esut1ioha lEot TINS 10 time adopted by the
h9 "a g, o. IE i!i l. -, = r., Io,-
O. iat mItLIl e iloH " 1901 ana every year there
ae Hs FGesqe INA cause 70 re mage settlement q the
et ptos vi w as 2f IN section 4 OF TINS
ate anu snHI cause te same 70 % puOlsgd IN at least two
o. me cry Pape5 o ohe ln9nh toethef with statement OF
the assets oil te company dSng the portion Of
o i'm