New Orleans daily crescent., 1866-06-06


TIC INsTRASGE s 5oIPAS9 Of new oRLE ANs and
il shall Commence rs pes ID Soon a. lie Whole amount
its capital stok shan haye been subscribed for and i shall
p 9p9Tee n s 0 or e. dyifs as foat & 2 arms Of Of ts M
Company and the date Of this
SECOND,
The objects and purposes ohe Company hereby declared
lst To make insprance upon Dwelling Houses, Stores
9t59g trfsse and & % phs dssePtioG Of saGng
and other properly against loss or damage by fire.
NJ make 1 iran; upon sP sRd 6as hss is @ e
Bullion or Money and against all Maritime or Inland Trans
poration Rks Bottomy and Respondents interests and
upon Lives and other accidents in other wods to effect r
soeyer with privilege Of exercising all or either Of said puE
The Company may itself be rensured against any
risk upon which IL shall have made Insurance. and all citation
Interested Served President appointed
| the manner hereinafter provided for.
THIRD.
and seventy ave hoassnG dea divided into three thousand
to be paid for at the time and in the manner following
The subscribers to the said stock shall pay into the hands Of
the President upon tie organization of tie Company bus
share subscribed by them and furnish Their notes to the order
the Company, for the remaining eighty dollars, able
such manner as tie Board Of Directors may detene pro-
vded that the shall be made by nsments Of not more
aaan te5 aoaf IN ea SDare ~ Gen pesoos ~ may %
daily in the cty Of New orleans shall be given IF payment or
Psd and Thousand Dollar may be ncreassd to
One Million Five Hundred Thousand Dollars hereinafter
| provided for
All the powers of said company shall be exercised
Board uf Directors composed nineteen stockholders
Sc elected tie first Monday IN January year the
and continued of days lately preceding said election
II b ne B6sPS a sf app6h s TO
side at such ELECTIONS and Of said inspectors decline
stsad The Board thus take their the
ts sae oe year M esom or nn eT suceesor are e
| ted and qualified
The first Board Of Directors shall of following
sto2khodeF e gho shall Tetsn in office until The first Monday
fed, VIZ; -
!. 4. Mattsscn Samuel Boyd.
John McGinnis, Jr., James Byrnes,
/ Edward Rigney, Charles h. Walker,
2: H. stsnlsy: wEheeloek,
+ fs25s? :. Asdnaa Y hsRs'H' + + + ksi3ss kksf5aas
6. G. p p EaSeF, shates E. slayback
B. L Mann.
SIKH.
q5sf5y yots Ssk6s5srs e
a pe 6a op & S II The s eys q RG
another election to take place within ten days thereafter
and give notice OF she same as aforesaid.
SEVENTH.
Each sockhoder shall be entitled either in person or BY
respectively hold provided that Individual corporation
in ninety days prior to sad election
every holder Of scrip shall be entitled
Of the Company and be entitled to one vote for eact
eys hundred dollars @ & frp a PFgse % thai nda ]
bfn @ & & and G no 3 9S vote & on soG any scrip
the ys ysgT u @ aS q X X. as
during the year and the stockholders the extent tn
capital stockheld by them.
TEETE.
The insured who shall claim aud receive return
Pe5 S cent p tier s ts s s9 fGs t 70 II
the Company.
dehds Be ensd % to Tscye Certificate probi bearing i
interest which certificates shall be signed by Il
the of the Company any exceed the
on part capital paid in ssid certificates shall
rs as to make good the deficiency
TWELFTH.
certificate shall issued fractional part
Ii between Tens of Dollars for any less tan
be than ten dollars passed oontingen
a. the Company which shall remain fund for til
y Of stockholders and soon the reserve f1nd
hereby shall exceed Three Hundred and Seventy
aongst the stochoders in popcTon to their espeot5
~ interests in the Company.
IN THIRTEENTH.
stockholders shall be paid their dividends in cash, b1
Of the then paid shall exceed
held the balance snail
placed the credit of unpaid stock account until the same
nd p'N EouR7EEaTH.
s The Board Directors shall at their first meeting in
elec one from among as President and Vi
elected,
person shall be capable of being Director of said Cor
pany Who does not at the time of his election during
continuance in Office hold in his IN that of the Con
mercial house of which he be partner least ht
shares Of the stock Of said Company
sIxTEENTE.
The Board Directors shall have the power appoint
officers clerks and empoyes as sha be necessary ioF the co
dHcng o. the business & o. sa v2mPahS ] or 70 Se4n @ am s
Of said Company provided the shall mt conh
this act
They shall fix the compensation OF the officers clerks
conPsHs and shan also have power to III al vacancies Viii
may occur in their number oria the Presidency.
SEVENTEENTH.
The Board of Directors power invest til
time, the money cagita o the Company in bonds
within his limits Of the state which in eve case shall
They May aso invest the pro8ts Of the Company in
bonds stock created by under the laws Of the Unit
City or make any loan or neege Of any Of 1he aforesaid
ladng.
way Of security or stock pledged for security OF y
pery conveyed them in satisfaction debs previously
seizure o5tansd BY SAID Company or Of any properly mo4
Or imRoysols waoh may aSs oe peqsee GI aoaFGons 40
the nes nothing herein contained shall be construed as
do other banking business nor either directly in
able properly goo9s wares, or ineEGhan.Se poSldea a.
9o building for the purpose Of establishing office therein
lers EIGHTEENTH
Yearly dividends shall be made Of much Of the profit
Rs scvsd On RE RE ba ha @ ot s &c
The time making such ayidends Shall not be
OBJ loss losses whereby capital STOCK Of said Comp
s such d3intion shall have been covered and made up
sEsl sss the profits. -
In the yearly dividends to be declared aforesaid
to be paid to the stoekRCdeTs shall not exceed ten
shall be placed to the credit of unpaid stock account until
Board of Directors issue certificates to the stockho
lot luii pau 'n"te'' TWENTIETH