New Orleans daily crescent., 1866-08-16
CHABT9I;:,.-,c-rocasy. T. -.
auAKTER OF ~
ANoE CoMPANY,
IN OF New Orleans.

eaed with Us sS ase e gsnefai law o Ills State pro
yin for t Organization Of Corporations and nave agreed
Charter Of the said oorporaton
ARTICLE FIRST
i, of New oresns Parish Of Orleans of Lousi
and shall be designated and sn9wn 9nqeE i9s name % ~
: It ha commence business about the rst day of
date Of this Charter unless its affairs should be soer Rq4
dated and settled by order of twohrds of the votes OIL as
a., -. =, , |
be the insigni Justice with the name OF the Company
4 qhe resident or in his absence the President
Secretary shall be The proper oSeT upon whom TO ei'
ARTICLE SECOND.
The objects and purposes Of this Company declared
70 make Insurance on Dwelling Houses Stores and other
buildings Household Furniture Merchandise and other prop
To make Marine upon Vessels Freghts Steam
boats Goods wares SpeSe Bggn @ s4 s ey
dences Debt Boou and Respondents Interests and to
With Marine Or Inland Risks
10 cause themselves to be rinsuTed aganss any Mss
upon which they have made OF shall make insurance
ARTICLE
s fg St seeb % Iii S Rs pse IS fSsSoS
ing it 70 Millions divided into shares Of One Hundred
ps % sf sS i5 Article e S FaR sS
q The Company may commence business as soon A. tnb
aGbdFsd ss. Ths1sssa sbS pGag en e sh Ae & os
No Cefticate Stock shall be issued until the same is
maid in full and no transfer of less than full share per
itted M the pleasure Of the Trustees the transeFee
mss
IIasisF q SoeK s1a M % as @ SSs N On psans onS but not
while any Indebtedness to the Company exists on the part OF
s In addition to the Capital Stock the Company,
tingent fund shall be created of all interest
ceed profits loans and investments and OF all amounts
received from other sources than premiums From tins un
the current expenses Of the Company have been
& at The close Of the fiscal year after deducng the
penses ETC. from the contingent fund an interest dividend
paid from the date of IS payment At such time a; s the
trustees direct provided that Ii the eonungeht 4a
deficiency made and paid out of the net profits of
f Thsse dividends s cover all participation the profits Of
the Company excepyas hereinafter provided for in Article
ANY Of the fund after payment of The interest ter st
ouched for the payment of losses after all other funds
6assed and shall Psys be he'd as protecton for the
Capital Stock until the shall amount Five Hundred
prated from to year the Trustees may deem ex-
ARTICLE FOURTH.
All persons who have subscribed may hereafter sub
scribe the Capital Stock Of this Company shall pay on or
Ten Dollars each share in cash. passing their notes well
approved 70 the Company or the remaining ninety hes
o. Ninety Dollars per share pay able at such times as he boau
GSm5suE Fsopire Il these notes or any portion of them
the Trustees may deteFmine after thirty days notice
Orleans provided that than Thirty Days shall inter
s n et o aos G5 o on
provided for shall forfeit the entire stock n the
interest or thereunto belonging provided that the
Trustees extend said payments for such time as they may
Tor Tie foregoing subscriptions receipts, mot transfer
able signed by The President Secretary shall De ssued to
a s sse & M @ ge It to ffs ho Como
An issue Certificates of stock as provided for in Sec
i Subscriptions to the Capital Stock OF the Company sub
sqen TO its organization snail beupoh the same terms q the
Until the whole Capital Stock taken up, the subserip
ton Bopk shall remain open toF nez sg9seIl9sTs M
three months Of each fiscal year Of the Company,
NoStdckhodet shall in any event be made liable Tor ht
gssgs IL s p le in sny aa stosk IND hs
her or their indebts dness to the Company
ARTICLE FIFTH.
Tho more eectuay to carry out the objects purposes
I Of This Corporation i is hereby deereed
J. That the Capital Of the Company portion thereof
once subscribed be for the liquidation
losses or for any other purpose until all th9 other ayala5
Whenever shall have been necessary to use portion
othefse n9 avt9end shal ne Geciasa or pald ana sa
losses shall be made good u all earnings and profits from
That all dividends declared as provided for in Article III
ind in Section OF Art Gle Of this Charter shall be made
payable soekheds 9 their Legal atiyes
cash the discretion Of the fruees provided that no dv
paid while there exists any matpred indebted
Be passed to tie credit q iii ebtedness until satisfied
4. That within the month Of May in each and ever5
esdng inclusive il the following manner to VII; SHOW
! Marine TisIs each deducting thererom the amoSnt
same not terminated 2. Showing the amount of osse
premiums and cash RETURN less savings The balance
Sa Sne G he ekssny IL povSsd h o u
Article IL Of thu Charter must first be taken the balance
ps Ia within The year provided that tbe amount 10 divide
Capital Stock Of The Company held by each the thirty
RG & 5 Rs hG sd ssRuS be
ngep @ % ana nP & mo- 81 s9h % eSs % IIa n
divided but that all such shall bearried to the credi
s. That dividend declared shall interest
9T @ q e and sem hs to s
credit of the alter the publication the sam
wesk for four weeks uccessyeyn the Official Journa
dhSt parties nsaTng d with the Company who are If T
Trustees may, from time to time determine and that an
10 aHS m e Of II s 'g a ~ tbe bare
T. That all premiums payablein cash und
the rules and regulations from time to time adopted by th
g 8 That within the month Of May 1867 and every theE
afer the President sha cause to be made statement Of II
e net profits Of the Company provided for in section Of tn
article and sha the to published In at least w
tbe SSssts s Il Tie camp5 Tie portion IT Jan
as h ~ Is " bere ne sS an
oath Of the President and Secretary and shall be eonclas
! and binding upon al persons interested
a ARTICLE SIXTH
An The corporate powers Of the said Company shall
exercised by Board of Trustees and sneh other ecera al
The Board Of Trastees shan consist Of person
seven Of whom shall form quorum for the transaction
year al such place the o New Orleans the Board
uas fourteen days rsSu 70 be pisen IN two
public newspapers printed in SO city The Board Of frste
shah appoint three of The toekhoders Of the corporation
spector 70 preside az such eleetona and II any of said
spectors decline or fail to attend the Rresdent appo
others to fill such vacancies.
The Board Trustees thus elected take their
the Monday in June after tbs election and to ho
10 year shereom, until others elected in h'
Those persons receiving plurality d votes shah be
dered duly elected In the Of election taking pa
the day aforesaid the President shall cause another elG
totake place within ten days thereaer and give notice of
to Py in Of the public neHspaPe
y published IN the city. - @H'atA '5 #a7 E
% 5The Board Irastess .ha annually their
gh ing elect President and Vice President who shall th
election be expro members Of the Board Trusteea
M and qualified The Pre- dent shall preside oil meetings
the Board of Trustees and at the meetings
M of the company. and shall conduct the the
pany generally under the supervision the
a. The VicePfeSiden sha preside meetings afresf
Nj in the OF the Prestent and In his
I'D the policies Of the company;
The Trustees shall ok the compensation OF all officers
nd clerks employed or elected by said company.
lhey shall invest the profits Of the Company from time
time hereinafter provided for They shall have power
y such Hy-Laws they may deem aud
he contrary this charter to the Of the legislature Of
Mo State providing for the organization and regulation 81
ratons approved March 10TH 1913, and March 18th 1883
en Neperspn shall be Trustee of this Company who d
on not ~ the time Of his election, and during bis eOtpuanc
n oce hold N bis or In tie name Of tho Commer
" arm q Which may be member q least ten shares Of
ce y Eac6 eysy sochhoder SHAH be entitled at secti
either in person or ~ pro2y 70 vote on each and
lively hold but not te vote any stock to him, her u
lso transferred within three months pro TO said election
an ARTICLE sKvgsTH
ork l. shall be lawful for the Trustees invest the cap
tYs stock and other monies Of the Company and
and on real estate in the parishes orleans and Jefferson
Wer every properly shall 10 worth twice the a
Of thereon Ihey also invest the capital stock