New Orleans daily crescent., 1866-08-17
CHARTER.
GtHARTER. R...,,........,.. ,..,,....., ,CAAREEk
--oF rHE-
COMMERCIAL INSURANCE COMPANY.


Gity Of NeEl !
of our Lord one thousand eight hundred and sxfysx
ana for the Sy Of New orleans and state Aforesaid ny conn
nd q ne heF'
Personally appeared The parties whose names are
the laws d this State rtyS 10 the ogani
Eaon corporations in this state fer works Of public improve
and hereby covenant and and bind themselves and
hereby establish corporation body corporate objects
and PgPOse Hna g9d9F Rs title obligations and
The and title of the COMPANY shall be The CONNER;
% @ M st % IS h connns 8d @
years IRON s uve on M oranisatDn II shall have
soppSSste SpSS seal having dsyes and
inscription ms the name oil 'he anu 'N0 o''' VI 'A'
ARTICLE SECOND
SECTION l. lne 9oleets anu purposes o '-e company "
heTe9E o qeSga G upon dwelling houses stores cotton
presses and every other 0 an d etSel
property agSinst loss or damage by IRE
To make nsurances upon ships and seagoing vessels
steamboats, and alt other vessels freight goods bills Of
exchange and other evidences o debt Prohts
ana in other
either q sad purposes ,.,s =. y, ;s,ra oirs+ ar,
SEC The Company shall and be sued in its corporate
served serve on the p PRESIDENT Of the Company
SIC s. The Board Directors shall have power to invest
from time to time he money and capital of the Company
tgn
tate situated within the limits Of the parishes Of Orean, and
Jefferson which every shA be deemed worth at least
double the amount loaned thereon.
ay av also invest the proHts Of the Cemuspy in auy
bonds or stock created by or under the lava OF the United
Saes or o this State or Of the corporations OF State
ct or make any loans on pledge Of aforesaid
cufities bonds on stocks or any collateral or bill Of adng
Provided this all not int ere with the prompt
dstr of nett earned premiums for year
They shall have dispose mortgages obtained by
o securty or of pledged security
conveyed to them in satisfaction Of debts previously
purcbased at public sale upon Judgments Of orders
seizure obtained by Company any property movable
or moyable which may have pledged abandoned to
said for or concerning the operations Of its
but nothing herein contained shall be construed
hoze the said COMPANY to discount negotiable paper
do apy other bankinE business nor either directly nd
racy or trade in buynR or selling movable mOvable
nrorv rooiI waves or nechandise provided also that
ina oronay anal have the right 10 purchase propery
building for the purpose Of establishing nce therein
They shall the compensation of the officers clerks and
employees elected employed by them in the service u the
Company and also power al all vacancies which
NAV occur in their number in the Presidency
They power adopt such rules regulations and
laws shall for the transaction of bust
of the Company provided the shall not conflict
| ,vTc,v yu,yp
! 49,, -, ,. &,
Section Al the % e9rporse powers q eh9 ~
pc exercised py the poaa o. tWentynve Dectors 70 %
elected from among the stockhodes provided that after ht
eeetlSn o. directors er no sna ..
least nifty snares Whc STOCK shal nave soeu III nis name OF
that OF his rm on the books OF the Company Ter at eas
thIee months nv prior % tne eiec1iOn, ION ., b,,
Nhe directors present w any meenhg snSn constitute
| - ,
SECTION Inc capsI soch Oh TINS SelhP@hy ls htFeoy
hNea az one mlnGn u Ho.s e!StugI nv Sa
shaTe OF one huhred eslsr acn ~ ~ pe g @
to three igns Of dollars under article twelfth q TINS char
ter and Y is hereby authorized TO business as so9n
a. SS1U capital Sha DC suUscfoeu Inc S9eA 10 DC Pu
as follows: , ,--,, I, :, ., = -. a., -, =,
the President upon the OF the Company for bust