New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-11
CHARTER.
(IhAkrRR, ,,.....,.., CHARTER
or Tx
COMMERCIAL INSURANCE COMPANY.


STATE OF LOUISIANA, I
BE IT KNOWN that this third day Of July in the veal
of our Lord one tGonsend eigh hundred and si1ty.sx
and for She city of New Orleans and aforesaid NV com
AND qugined and IN presence OF the witnesses
Personally and Appeared The parties whose name. or
the provisions of the laws Of State relative 70 the orrani
aaton OF IN th state OE worksof public improve
and hereby and agree and bind tbsnes an,
hereby establish corporation body corporate ier In Sa g
and and under tue title, obligations stpuatons anc
regulations following to-wlt:
ARTICLE FIRST
The aud title of the Company shall be 1.-THE CONNER
i ~ s it f @ anu ~ noel ~ nfrep4 eStaphshed
twenty-five years rom the date organisation shall com.
c5rporste seal having for device Commerce and for m
inscription the name of the Company and the date of this
ARTICLE SECOND
SECTION The objects and purposes Of Company are
l. 10 make assurances upon dwelling houses stores cotton
presses and every other description OF buildings household
property, against damage BY ite
To make nsuranees upon ships and seagoing vessels
exchange and other evidences Of debt commissions profits
bullion money and against all m rme and inland trans
porton rs bottomy and respondena interests in other
words to effect fire. marine river and inland insurance.
Company may cause itself to be rensured against any
risk upon which it shall have made insurance.
Sec The Company shall and be sued In its corporate
name and all citations and other legal process shall be
SIC The Board Directors shall have to invest,
from time to time the moneyand capital Of the Company
bonds and unnmmbered aud improved real es-
ate situated within the mso the parishes Of orean and
Jefferson which every Sh be deemed worth
double the amount loaned thee0n.
bonds Or stock cead BY or under the laws Of TIE nts
Stses this state @ corporations State
city make any loans on pdge o. any Of the aforesaid se
curtes bonds stocks my collateral or bin OF adnr.
provided this investment AL the prompt
button of net earned prmiums for the year
They shall pawer dispose Of mortgages obtained by
way security pledged for security or Of prupery
ed purchased public sale upon judgments Or orders of
seizure obtained by said Company or Of any preTt moybe
mmoyable which may Geen pledged or abandoned to
but noh herein contain Hail b. So Construed as to s
thoze the said ompany negotiable paper or 10
do other banking business eher directly or iudi
recty deal trade buying selling movable or imnoya
property, goods wares meehandise provided also tbnt
the Company shall have rh purchase property or
buGin. for tine purpose establishing an office theren
They shall pensaon If the officers clerks and
Company and shall also nave 1o To Ill iii vacancies vhi6
may occur in tueir uu,suer or u the Presidency
laws Is to them a seem a for he ransaction Of Tie bn;
of the Company; provided the sans shall not conflict
with the true intent ana melting Of this act,
ARrlIE TurRp
s.-,o,1 An ,bs ,,rl,1-,ln l -lr"p at,
axarissd Nv Ia f5ai ri y tng ,H;,nplny shail
ea,tsi TJ Ia gi5rtb,larss ;-f7 t 20 pc
~ HE w p5"'iaeq t9gt after the
ist iI.s bre III t X I " tas VI nls nFHr at
tbaf Of III firm, an The bSk nF ~ S az name or
three Uantbg nrinr 70 fila eirinn &c pS' 4'i a. least
NH nirs,, p5tg p u .aS ely'i"n , i, -
Quorum for 6nsinsss any iuee''AS SnA' constitute
ARFIaE FOURTH,
5 ny 1 nH9 caS' s9eE OF thls company is hereby
shsrs ~ n,s r N ~ '.NiuI l4tQ zen honsaud
Ter and IL hsreTt ~ amiItn o. tns ehar-
az sg I ~ II gons S business Is SIGN
1ta M ,,,r. g.. a., IL, 49,, ~,
the Pidea po n bs s ~ # RI S into ne hsnas ct
ne sum o. Ve g2ilas n cash on ch nd every share
Of Directors the Company for the remaining