New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-15
CHARTER.
rHARTEK OF THE FACTORS AND
TRADERS
INSURANCE COMPANY,
OF New Orleans.
CHARTER.

vfdng OopoAlonss ana nave agreed
man NM following sapuations govern the same as thu
! SSsTier q he said Cooperation;
ARTICLE FIRST
hs ely u New ores6s Parish i Orleans State Of LSusi
THE FACTORS AND TRADERS INSURANCE COM
: II shah commence business IN or abopt the FIRST day q
September 1856 and shall exist for twenty-five years from The
settled up By order q wohTds oShe votes q hs
II shall have seal and the device upon the same shall
ns ne insigni 1nsce with the name Of the Company
The President Or in his absence the vice President OF
@ a. na % W proper ofesr upon whom to serve cita
/ ARTICLE sscoSp. r
The objects and purposes Of this Company declared
10 make Insurance Dwelling Houses Stores and other
buildings Household Furniture Merchandise and otherp
To make Marine Insurance upon Vessels Freights Steam
sSo P9ot s se See Bullion Bills
denees Of Debt Botomr and interests and to
iSaaSs sPg to %
fo espse themselves to be rnsured against any Risk
upon which they have made or shall make Insurance.
4 ARTICLE THIRD.
The Gspitsl Stoo6 Of this Company Is hereby fzed at
ing il 10 Three Millions divided into shares Of One Hundred
e IL tRe 4S bat s
Is Gpsny Ty men business as soon es Three
each fiscal year shall end on April 9Oth
no Certificate Of Stock shall be issued until the is
mtted except at the pleasure of the Trustees the ransree
Transfers Of Stock shall on the books of the
q ts office in the city of New Orleans only but
while any indebtedness to the Company exists the part
3 In addition to the Cspi.al stack of Tho f1oron 49,
ceiSed Of proat on loans ma g interest re-
from other sources than premiums From this fund
siisF ne current expenses Of the Company have been
At the close q the fiscal year after dedustne tie eS
ps1ses etc. from the contingent fund interest dividend
q ts per cent shall b declared tie of the stock
paid 1T and from the date Of il payment such
should be found insaaesnf e s liz d ypteFest a lq
deeiency sha pc ueds and paid profits o
These dividends shall participation in the profits Of
he ompany except as hereinafter provided for in article
Any If ne fund after payment Of the interest
oaened for the payment Of losses other funds
e6sstsd and sSa y u Rd q sHs as of f
Gapital Soe until the same shall amount Five Hundred
pIiate IRON year to year as the Trustees may deem
ARE1cEE FOURTH. W
An persons VINO have subscribed Or may hereafter sub
eee Y tge Gapita Stock Of this Company shall pay
ppIoved to Tie Company for se s elf h9.e %fh
Of Ninety poiar er Share payals sr fi s i Rb
Of 4 rlstees may determine.
saia notes SHAH contain clause the effect that IT, in
Wy judgment of the Trustees, the necessities OF the
Ssp ~ 5s9e u tRsse nos Or any portion Of them
as the Trustees Map deternns after thirty days noliee
Orleans Pr9yissd that go less fsa Thirty inter
q above provided fur shall orieit entire stock to The
Interest u 6sned eeuato 6eona pTag9ea b en- FL
nstee may extend said payments for such time they may
FgE ths foregoing subscriptions receipts mot transfer
subscribers acknowledging the amount id rasb anJ
pany on issue Of CsFtifestes Of toek ~ Y t spe yS
sle Fl I; Arslsis u . l., |
seqnens to it XXI u TX stapsy ma,
Until the whole Capital stoekis taken up the subscrp
ths sar bu shall Ia ed tor hs%
three months et each hscal year u the Company
LOSES Of I'D Vt N y event Is made liable io ne
s her subscriptions 70 he Gapita stoeF ad bi
s,s- ~ y ny eo'NpSls'
~. .,.....,;. $3.50, 4 n u,
Of his ccreoraon II e guy sae objects and purposes
onc naa Sae Gspts # tne Company any portion thereof
e 81 S+ Any osas purpose untl oil the other available
whsneys shall have been Necessary q use say portion
nv q We Tor the liquidation LOSSES
sn pe maze go9d q; al earnings and profits
Is ressa6lished slAii 90 reserved until the Capital
and il seoS AZ eesT T 81 proyded for in Article III
n tne O. their legal in
she discretion n the lrustsssi provided that divi
Of whatever kind against the holder 6u Tie Sbs
Il NM tbjn Nv w q sasa unt satisfied
year The annual ststepa sha Il IN each and every
cedng inclusive in the " 2ste pre-
terminated q showing he a soe aS se q
premiums cash retr less ssypes ~ SasTc
Mil haieuee Ira csnc II peans i9r the year From
Article nj Of th fbarir 10y - psonueH oF IN section
then remaining an ~ divided aro ~ 1871 VIZ oasnce
opsny pro rata on s amount ~ 2e the
ba not In sDy MA yei Pioed mat toe amount 80 divided
Capital Stock Of the Cor,nanv held TX q Ihe
NV Of January Of eaeh Isa and eac On the thyns
ngsnt fund INA proSsa ~ 70 the credit Of the CON
Dollars nor any fracona nart ~ @ % ess than
II the Contingent sna oe carried 70 the credit
8, That no 4 Ivdeno deelarad Oh ali ~. ,.,
or the term Of thres years from ira dat
dt IN IN y VS. upany and carried to the
,nce week far s VA wv puoeAtion OF the same
i tue City Of Nv orsans N me oAoial Journal
pattes lnsrlng with the Company who not
rs7ees may fro, siTS cash return as the
tockhoier receiving said cssh rsr ana tnat any
N ~ heetoh = or TINS article OF the Charter
III res ana y ~ 20 gne and payable IN cash under
Roard ~ rs,as 4AV tine 10 time adopted by the
x Tbst ,,;s a. .s..l -, tsf -IN e kEs8 4
,fer ths nv o. ay 1907 and every year there
,et pfos II fhs - naqe statement 0: the
MEM AMI an q i9f IN section Of this
II b NV * ~ y oe pu3shedn Of least two
he aEsefs n I'M ny,s Ss Rh statement OF
gc in cash and he the portion OF same
vested 10 securities,
h n fa prsda,t ~ snAi pc made under
mi bndiro nno az ana Ahau be conclusive
f''''--' iH'eisa'se' LIP
s ~
III sess q the said Company shall be
q I'M Rn sy il ~ Spp tn., .t,.,ls
ata 9 SHAT consist Of twenty five persons
usness elected on The secosa ~ q
~ ss i, paee = me CT q New Orleans the Board Of
M Days previous MOTIF to be giYen Ia two or DE
printed - sad city The Board of rusees
n ssiS % y. me q the corporation
" 2eslue ~ shch electons; and IL of said IN
nechne or fa 20 attend the President NAV annout