New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-01
CHARTER.
COMMERCIAL INSURANCE COMPANY.
STATE OF LOUISIANA, !

STATE OF LOUISIANA !
nv TT KNnVyN that ON this third dsy Of py in tho GEAR
of our Thousand eight hundred and sixty sI
sSe o ey y New orsas and STATE r sS R conn
and qualified and in presence OF the wosses here
PeTsnay anne and appeared The parties ese names are
&c sWs Of s Is s oFsan
Of corporations in this STATE for wprksu public Improve
snd 90 hereby ard agree and bind themselves and
S seGsSy a sog copSae
purposes pnaer title obligations snpuaops and
regulations following, to-wit;
ARTICLE FIRST
and title Of the Company ssal 20 The CONNER
my tbe CIV q New desas It shall contuue ad exist
twenty I've years from the dste OF oEsanaaton a som
corporate sesl having fer device CommeTce and ter On
ARTICLE sEooSp.
sEcT1es The objects and Purposes Of Company are
l. 10 axe assurances upOn dwelling houses cotton
urnturo goods, wares merchandise, maehney and other
properly, against loss or damage by ire -.
q rs assurances ships and sea going vessels
steamboats, aud ali other vessels freight goods bills Of
bullion Or money and gainst al Rhine and inland trans
so5sson RS 99o,y ma @ @ insna insurance Of
any kind whatsoever with privileges Of exercising all or
lie Gopsay may itself be roinsured against
risk upon which it shall have made insurance;
name all citations and other legal process shall be
e sSe Re BSaTa Sr sG sRa have
from time e e the money and ssPie 81 nS GSnPsay IN
itustsd within the lmits OF the parishes Of OEean and
5ensTsop YIN Y every eSse sS oe Neeea az lssA'
They may also invest the profits of the Company in any
created by under the laws OF the United
STATES Of State or ofthe corporations Of tins Stete OF
cufites stocks any collateral hill o. ladins
ds button fnetl earned premiums for the current year
They shall have to dispose Of mortgages o9tsned BY
conveyed them satisfaction Of debts previously contract
sezure obat BY Company any properly movable
mnovabe which may he neen pledged or abandoned
but nothing heran shall be construed
DO any Other bankn BUSINESS nor ether directly or nd
reety deal trade in buying or selling mosa6e Or moyso
the oSmpsIy saa nave sne Sa pHTnafs ~ Ree
They the { he Officers clerks am an
egd Or & ~ pe I'll IN sspses
{ may occur in their number O N the Presidency
laws Is to them shall The Of the bust
WITH IL The TT true iasent and meaning Of this act
Al The he. dps e. Of The Go%pny shi
from among the stockholders provided that after III
esbie Who does not hold Il lis or that lis r
least fifty shares which stock shall have stood IN hs name
three months prior to the election 81
Nine Directors present al any meeting shall constitute
ARTICLE $ouRrH,
SECTION l. The capital stock OF this Company IS hereb
shares Of hundred dollars esch subject
three millions Of dolas under article twelfth Of this char
and it is hereby authorized to business
$500 900 capital shall be subscribed The stock to be na
The the said stock shall into the hands
the President upon the Organization Of the Company for bus
the Of Eve dola in cash Oh md every har
Directors tbs order Of the Company for the remaining
nneyfve dollars payable on demand at the office of TIT
Company such time and in such manner the Board
Directors shall dete-mine provided shat calls shall b.
made except pay iosses, and then by instAlmens Of
agreed upon by the Board Dieetors and ided further
that calls shall not ss made more frequently than once
sxa When an authorized call shall be made upon tn
Stockholders for portion Of their stock notss, due
the Secretary Comnany Upon the failure Of any t0
guch notheaon the steek owned BY him shall 9 apose 10
sale nj nubir aucoD and should II bring sum 10 - cess
the called for and Of the sale. said
shall to the Tor the legal representatives
owning the stock prior 20 the sale I. s
The purchaser the atorrd stock shal be comgsed Il
all the iabie SUCH stock notes. etc, held by til
: Company against said Stockh oder,
The release Of the dslnqaent Stakeholder from lishi
his stock notes sha be at The discretion Of the Board
SEC That no sockhodsr shan ever be held liable or re
spOnble for she contra aGs Of said company in
further sum tEan the unpsd balance due to the company
SEQ No stock transferred unless
desire to transfer his stock previous full payment Of tn
having been made shall be peredto do by sui
substituted obligations satisfactory the Board of D
reetors. s- 5E- t-
SECTION election for Directors shall be held tn
frat Monday OF May of each year. the office of he cempa
Notices such elections shall be given Tor least
euye days mmed ey preceding the election in French
SEC Boara sh4 appoint Ehree stoekholders Insps
preside such elections and If Of sad ms
or an to attend TIE President shall appoint others
AszroLE SIXTH