New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-07
CHARTER.
CHARTER. .,,..,,,...,... ....,..... CHARTER
or TIKI
COMMERCIAL INSURANCE COMPANY.


STATE Of LOUISIANA
BE IT KNOWN that this third day Of July in the year
BoIe e'l me- RoRSRT j6SEPH KER, Notary Public in
and for the city OF New Orleans and state aforesaid uy
msoned and qualified and in presence OF the witnesses here
matter named and Undersigned
hereunto subscribed who declared that eyaa themselves Of
cation fooporatons in this State Tor works public improve
and other they have coyeuaned and agreed
those whom they may form and establish and
hereby establish corporation rbody corporate tor the objects
purposes aud under the title Obligations spuatous and
regulations following to-wit:
FIRST.
The name title of the Company shall be Ths CONNER
ca Insurance Company domici is hereby established
in the city of New Orleans II shall continue and exist for
operations Immediately on organization 1t shall have
corporate seal having for dvice Commerce and for an
inscription the name OF the Company aud the date OF This
ARTICLE SECOND.
SEUToS l. The objects and purposes of Company
l. 10 n axe assurances upon dwelling houses stores cotton
presses every description Of buildings household
urniture goods wares merchandise machinery and other
property, against loss or damage by fire
3 To make insurauees upon ships and seagong vessels
steamboats, and all other vessels freight goods, bills of
bullion money, and against a ritime and inland trans
portAon rs boomry respondenH interests in other
words 70 eect ire marine river and inland Insurance. OF
any kind whatsoever with privileges OF exercising ali or
The Company may at be reinsured against any
| risk upon which it shall have made insurance;
SEC The Company shall and be sued in its corporate
and all citations and other legal process shall be
sEc Tie Board OF Directors shall have power to invest
from time to time the money and capital Of the Company in
bonds and mortgages unncumber improved real
situated within the limits of the parishes Of orsan and
%nieh n every esse sa pe deemed worth AZ least
double tue amount loaned thereon,
They also invest the profits Of the Company in any
6onus or soe created ny or under the laws Of the United
ses u tns sure oI q ne o. tns state OF
city or make any oans on pledge any Of tine aforesaid
curlties bonds or stocks or any collateral or bill o. adng
Provided TINS investment saal not mt rlere with the prompt
urpuloh Of netL earned premiums Iorthe current year
They sha have power dispose OF mortgages obtained by
way OF security Of oc plrdge1o Tor security or of property
conveyed e then IN satisfaction Of debts previously contract
a Or purchased ~ PUBLIC sale upon Judgments or orders o.
seizure obtained W SAID UGmpey Or q any property movable
said Company for concerning the operations its business
hnt nothing herein CONTAINED shall be 50 construed a. 70 a
do other banking business, either directly or ndi
recty deal or trade IN buying or selling movable or imoFab
the Company shat have the right 70 purchase property q
buaing for the purpose o. eslalslhS an Sinee therein
They shall ny the m .. te oess clerks ahC
employees elected or euoyea ~ theu N the service Y h
Company and sa aso nave 20 NJ VI vacancies which
may occur N tneir hanlee u "a me tresuency ,
Ihey sh4 nave 't ~ uo. sLc rules ahq b
laws ~ e tAe shat setA ot o Lhe o. tle nnsi
with the true intent ana meaning OF TINS act
. ARTICLE THIRD.
Sprro,f1 All tbe r,rnnrata overs IF tho ornap, al
BE- exercised by he board Of t%en5yfys prectors II
elected for sm6n the sforkboidsrs rov1s tba saT ~
eiecIiNr oF nirctaT er nrga tio ~ +1cLb La lei S
eligible who does hot hold In MI name or thnt If hs Arm
ieast Ft shares when ock shall havs sn0d IN ba ,a a
three months pri6r to the election ~ =
an nm, fnr b1si,,a!Es ' ~ ' s s 'Ei'u'e
quorum 'oF business Article vonsrp
Ava a. tna 1iGn III jIIsrs iiyi1aS i,tn az, tbn,s
sbares of ona bIin5Tsd silIr snbiant +, he
ter and II Il ~ gun. s5ut ~ n XVI N III Gnar
as g6l mn "a itei sfaIi be Tia sorE f hs ai
| az faIloTss ~ " VIVA ~ '' P"i'
The to 5e said stock shall nav into tbe hands n
the Frasdent po te nj tb a,n,ay fr II, a.
s M , og " ss oI IN sb a ~ d I9 PSl
by them ard furnish Ross approved by the osre