New Orleans daily crescent., 1866-08-16
CHARTER.
EtHAETEIR. ..,,........... ........., CHARTER
OF EuE-
COMMERCIAL INSURANCE COMPANY.
STATE oF LOUISIANA, /

RE II KNOWN that this third day OF July year
of Lord thogsaqd eEn5 hundred and siSty-six
and city Of New Orleans and state aresad uy conf
Personally came snd appenc The parties whose
The provisions o the relative to the organ
Ea9n o m tbev bsye cSveSSad and nrs5
hereby covenant and agree and bind aud
hereby establish cooperation ooN corporate i2 iag objects
regulations following, to-wit;
ARTICLE FIRST
The and title Of the Company shan be The Conner
IN the city New Orleans II shall continue and exist Ior
nSs opepsSns imtnedaey on organ 1t shall have
corporate having for device Commerce. and Tor an
inscription the of the Company and the date OF TINS
AErlcLE SECOND,
sFcrros l. The objects and purposes of tie Company are
l. ake nsarances upon DWELLING hons9s stores cotton
furniture goods wares mereh9ndse machinery and other
To make insnrances rp6u ships and eagoing vessels
steamboats, and all other vessels trgnt goods S nS oi
bullion Or money and against all rtme and inland trans
IN @ as @ srae river and inland insurance Of
any kind Whatsoever with privileges of exercising all or
lhe Company may sapse itself be reinsnred against any
risk upon which il shalt have made insurance; .
name aud all citations and other legal process shall be
seS9a ssc g. The BSsd Drector shall have invest
. @ 3 o s as o s add improved real
tate within limits OF the parishes Of Orlean and
Jefferson which every shall be deemed worth at least
double the amount loaned thereon 80 . -
They may also invest tile profits of the Company in any
Sae this State OF the corporations Of this State or
Sgres pGSGS @ u y an moi int rfere with the prompt
distribution Of nett earned premiums the year
They shall have power TO dispose OF mortgages obtained py
conveyed in satisfaction of debts previously contract
ed or At pSS s upon @ y sS moy
mmovable which may hsy ossn pledged or
nothing herein conant shall be SO construed as to au
hoEe the said 9mpeRy to discount deoeIe paper or G ipdi
recty deal trade in buying selling movable or mnoVSn
property, goods wares or merchandise; provided also ths
the Company shall have the right purchase property
6qaing % i9T fee % 81 u He oesT clerks ant
employees employed by them in the service # tn
9itcca may occur int IN tnsr number the Presidency
aeS to- hem sbsi seem best for the transGcton bs
Of The COMPANY; pTnmaSa de ~ IA same & Sha NOT 'OAe
ARTICLE
s Al the corporate powers Of the hrgt9n COMPANY S hf
szeFeed @ ~ SS Se soeFbSdeT provided hat alter Ii
election for organization toekholder shall
least atty shares which stock shall have stood in his name
s b5ss o n6h65 6 @ Pso 9a to S he eeson 9GSaS '
Nine pEectos present a. any meeting constitute
It 4D'' ARTICLE FOURTH.
The capital stock Of ths Company m is hsFe
] n@Sq az If ONE @ nnSFed dollars each subject to be increase
three millions 9f dollars under article Ewen m @ 1 tn cha ma
100000 capital shall be subscribed The stock to DC pa
The Subscribers to the shall pay into the hands
the President upon the Of the 9r
by them and furnish note approved by the Boar
Of Directors to the order Of the oompany QF ths fenah ~
Company such Tins and in such manner as the Board
made xcept pay losses, and then y qstalmsnts o n
5 e 5l n, ~ e Board o Directors and vided urthe
that calls shall not be made more frequently than once
st sES when an authorized call shall be made upon IL