New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-15
CHARTER.
CtHA ETEE
or THE
ATLANTIC INSURANCE COMPANY
Of NEW ORLEANS
CHAETEK


sFA5 Gi, q 4 F S.% 6sis.p.
Be known this Twenty-sixth day of April in the
yea Of our Lord Thousand eight hundred sixty sx
and Parish Of New Orleans duly Commissioned and o
ded ie af 99s a
provisions othe statutes Of this State relative organize
agreed and DC By these present. bind
70 form themselves into and constitute corporation
o te objects and purposes and under the spuaton and
regulations following, viz;
Ss and StH Tile q sqd S t sS Be The ATLAT
is domc hereby established in the city Orleans
H. shall commence is business the whole amount 4
exist for from the date hereof It shall have
Company and the date Of this
SECOND,
The objects and purposes of the Company hereby
= 1t To make assurances upon Dwelling Houses Stores
Household FsgSs aea Sge Wae OF
and other property, against loss or damage by fire
oes 359ds
Bn66 S ar w Ger ey ng o. aeGs Fronts
po[taton Risks Bottomy and RespQndentia Interests and
marine river life and accident insurance any
soeye with privilege Of exercising all either Of said pur
The Company E cause itself to be rensured AGAINST
notices s9d Ste Legal process wherein the celpay may be
the manner hereinafter provided for
THIRD.
The capital stock of Company shall be three hundred
and seventy five thousand dollars divided into thousand
to be paid for at the time and in the following
The Subscribers the said pay into the hands of
the PRESIDENT upon the organzaon Of the for hnsi
share subscribed by them aud notes to the order
Sem T"g IN s % e s eg egy Soef payaps On
such manner the Board of Directors may determine; pro
ded that the same shall be made by instruments of not
agreed Epo5 by aid pector ana bi gGn esTu s may PC
|
daily in the city of New Orleans shall be given pigment
and Thousand Dollars may be increased to
One Million Five Hundred Thousand Dollars hereinafter
provided for
All the corporate powers said compsny shall be exercised
by Board of Direct composed nineteen stockholders
be elected on the first Monday in January Of each year the
and continued for days mme lately preceding election
The Board sba appont t6r to
side at such elections ana Of said inspectors decline
ssd The BotEd thus ELECTED are take their
the year heerom or until their Successors cleo
The first Board Of Directors shall the following
who shall remain in ONCE until the Tst Monday
| fed, viz
E. Godell, Thos. "; Simmons,
G 4; =; s g Synsor A. WThheelock'
| A. B. Hitchcock, q NJ soria
B. L. Mann
sIxTH
holders receying the nnray nj yotes Of lie
sent shall be considered duly elected and in the
take place ten days thereaiter
| aud give notice OF the same as ato esaid
SEVENTH -....
Each stakeholder shall be entitled either in person by
proxy to vote for each and share which he they
company transferred to him Or them
in ninety days prior TO said election
Each and holder of shall be entitled
elections Of directors provided said vote be given
every hundred dollars scrip provided that no Individual
efyotes than I've and no person aii vote on INV e
erred to him within six months prior to such election
In the yearly dividends declared by said Company
insured shall participate z he e lie premiums paid
capital stockheld By them.
The insured who shall claim and receive return ,
other insured and stockholders all their rights profits
the Company.
The insured shall in payment of their shares the div
cent interest," which Certificates sRS be Signed by &
President and Secretary and shall contain the proyso thai
NUNS and the reserve the whole or an
as to make good the deficiency,
TWELFTH.
No certificate shall be issued for the fractional part sum
between even Tens Of Dollars for less than
dollars but all such fractional parts of sums,
the COMPANY which shall remain a, reserVe knd fnr III
benefit the and so soon a. III
hereby created shall exceed Three Hundred and Seyent
Thousand Dollars. the excess shall annually he dIv1e
amOngst the stockholders proportion to their
interests in the (,nmnAnv
tAiHlhEhih'
The stockholders shall be paid their dividends in cash, bu
the amount be then paid shall not exceed ten cent
the amount OF stock held by them and the balance shall
placed 10 the credit OF unpaid STOCK account until the
paid in full
FOURTEENTH
Nh r,-a &c r,i.,,4 ,r =. 4,t e.. ., :. =
wear elect one from among themseye ms Pres6ent nd Vic
President who shall hold their offices until their
elected.
FIFTEENTH
| ~ -o..., ,.,o,, - ,,.,. - .: . 1,,.4.u r al, g.
@ III d az " G NJ VI g ILL., eG'oa u SaI GPt
noi;,r ~ 20 ngn + IA y; H. 80 ~ t ~ e ~ NJ
ti ~ Q 9 u III ls aie UT ~ Iva % tne Coh
b F " s Ia ny ne pat'nei' az 'eaSI MT
'N' Va 'e s'o' Va '''" COMPANY
/ SIXTEENTH
boarg o. directors sha nave the power 70 appoint sue
9ues anu " st pe necessary lor the cor
% u .e business sao nonpHhN OF 70 sruan sue
nv WI 90 .iey my es IL ueeess,S lu' wy Wy
e t E sG i poVet M same snaii n connie
M e laws Vi 'ns ''a'e' or 'e ue Intent anu neau'hg
'iiIo "s''
They shall fix the compensation Of the officers, clerks an
nposes eeGtea or enPoyea 1 thea a IN me sevi Of
Polly t sa n,S1 Se p'e, 70 II NJ Vacancies "ie
"' ' " ie''oe4ioS
SEVENTEENTH
The Board of Directors shall have power invest from tin
time, the money and a of the Company bonds an
mortgages uniucumbered and improved real situate
WITHIN Ihs nnts OF the state which IA eve case, shell
ia me- "o,s oo ;TarS h V St F w ~ W., l.; 80