New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-30
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.... OF THE
ATLANTIC INSURANCE COMPANY
OF NEW ORLEANS.


OF NEW UhLEANs.
STATE or LOUISIANA
City of New Orleans,
Be 1t known that this Twentyixh day Of Apr in the
year Of Lord thousand eight hundred and sixty
aud Parish Of New Orleans duly commissoned and 81 ORD
personally cane and Ppeared TIE parties those names sT
the statutes Of this state relative the oganiza
d n d ~ bee presents covenspt agree md bnd
themselves form themselves into and constitute corporation
regulations following viz;
The and title Of said corporation sa be the ALLAN
TIC INSURANCE OMPPAkY OF new ORLEANS; and
1t shall IFS business the whole
'wenty years from the hereof shall
seal having for device the coat Of Of the
Company and the date Of this act.
SECOND.
The objects and purposes of the Company hereby declared
lst To make assurances upon Dwelling Houses Stores
Cotton Presses and every other description of Buildings
and other properly against loss damage by fire.
I'd To make insuTances upon Ships and other vessels
Steamboats, ard other vessels Freight Goods Bills Of Ex
change and oth evidences Of debit Commissions Profits
poraton Risks Bottomy and Respondents Interests
upon Lives and other accidents in other words fire.
marine river life and accident insurance Of kind what
oeyer with privilege OF exercising all or either Of said
Company may itself against any
risk upon which sha have made insurance and all citation
interested shall be On lie President to be spPoined IN
the manner hereinafter provided for.
The capital said Company shall be three hundred
and seventy five thousand dollars divided into three thousand
hundred and nifty shares Of hundred dollars each
e Sf paid for at the time and in the manner following
subscribers said stock shall pay into the hands of
the President upon the of the company bust
ness the Of Twenty Dollars in cash upon each and every
share subscribed by them and furnish their order
demand at the office of said Company at such times in
yded that the same s be made by nstamens of
nln weny dollars on each share az such reriods be
French and English languages in newspapers published
daily in the city of New orleans shall be giyeo Of yment or
payments to be made which said capital stock of Three
bred and Seventyge 1hoqsn Dollars be increased
One Milton Five Hundred Thousand Dollars hereinafter
provided for.
FOURTH.
All the corporate powers of said company shall be
by BOARD vi Direct composed nine stockholders
be elected the fir Monday January each year at the
and continued for DAYS me lately preceding sad election
Tie Board ha apuoin tRr ogsf I@EGea IT.
side at such ELECTIONS and any of said inspectors decline or
stead The Board thus ELECTED are take their on the
hrs Monday OF the month of January ia each year and TO hold
the same one year hersirom until their are cleo
ted and qualified
FIFTH.
The first Board OF Directors shall consist Of the f,o,
s"Gkhode who sha remain in Office until the Monday
fed VIZ: - ''s'' '0'''S0'' elected and quail
Il E. Godeil fR n5s' II. I Summons
2@Rn mGi Riannt JF.' James James BynSs
II. II Stanley II 4 WheeIock
George W. Manson N. Il Thomas
A. b Hitchcoc5 9 NJ Horas,
O. A. Eager, Charles Z. Slayback
B. L, Mann.
SIXTH.
In all elections the vote shall be by ballot those stock
sent shall be considered a elected aud in the no
elect ang lace on tn DAY aforesaid the President shall
aad give mott Q 81 the same as aio easid.
Foc1, stocLbol5er shall bo ant tIod ,i,t,v l.
proxy to vote for each and every share which he they
may hold provided that no individual corporation
in ninety days prior to said election.
Each and every holder of scrip shall entitled to vote at all
elections Of directors provided said given to stock
holders of the Company aud he entitled each
corporation company shall be entitled greater number
oyoes than five, and person shall on any scrip trans
ferred to him within six months prior such election
In the yearly dividends he declared by said Company the
them during the year and the stockholders extent Of the
capital stock held by them.
The insured shall claim and receive such retnrr AZ
twenty per cent Of their premiums, shall forfeit the
other insured and stockholders all their rights the profits Of
the Company
dends BE- entitled To- receive eeate Of proS n bea nH
Per cent interest which certificates shall be signed by the
should the of the Company any year exceed the
part Of the capital paid in i'd certificates sh be reduced so
as to make good the deficiency.
TWELFTH
No cert6cate shall be issnaa far tho -st;, t 80 -
~ el ~ ,1sueu ur tne IfacGOnal part OF sums
% b even AeS q 9Ss nor or any sum less than ten
. oo an SuSn parts Of sums and sums less
t bi S ~ " pssrd 70 the contingent account of
benefit OF the stockholders and the reserve nds
Gsa n Ss exceed nnes hgndred and Seventy
@ tie Excess san annua lY be dvired
ne ssoSknoleers In proportion to their respective
'h'e'os'e III 'ne company
THIRTEENTH.
The stockholders shall he maid their d;vidsnd. i; ~
the mot rapdt rs,rt
Ie VI stGGN teu n inen anu the balance shall be
rpoiJ IN S,5 ~ Va PA ''osN eSeouis "lth Ih9 sumo Is
pau III 'u'h rorprrpv-v
..r- FOURTEENTH
Tto po,r5 &c Tjr,o+ors shan Of tI,o;r Grs, .; J.
yeaT eert Sne fTnn anon hsmseves m ~ e W
President who shall hold their offices until their are
elected