New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-31
CHARTER.
QUARTER
CHARTEE
OF THE
ATLANTIC INSURANCE COMPANY
OF NEW ORLEANS

Ut NEW OuLEAN9
STATE OF L9yIsrmas ,s,,,.
Be known that this Twenty-siEh day Of Apr in me
year Of Lord thousand eight hundred nnG div
Parish of New Orleans, duly commissioned ana 5 ol
ac si%S 4 VINO 9 eesed Ra ya
provisions othe statutes Of this state reatve 90 ad
to form into constitute
for the objects and purposes, and unuer 'h'
regulations following, viz:
ct REV o * r. And
rs nnIci il hereby established in the city OF New orleans
H. snail m shah have subscribed tor and shall
exist for Yeas i5o e s G ea a arms Of The
State Of Louisiana and for an inscription the name o. the
Company and the date oi tnls aC"
SECOND,
The objects and purposes Company hereby declared
lss To make upon Dwelling Houses Stores
Household Furniture Goods Wares Merchandise, Machinery
ID To MAKE in:ances upon Ships and sea vessels
Steamboats, and other vessels Freight 6o9us Bii o. ~
Bullion Money and against all Maritime or Inland Trans
upon Lives and other accidents in words fire.
marine river life and accident insurance Of any knd what
with privilege of exercising all or either OF said pur
The Company may cause itself to be rensured against any
risk which shall have made insurance ard all citation
notices and other legal process wherein me CPpany may %
the manner hereinafter provided for
THIRD.
The capital stock of said Company shall be three hundred
and seventy Ave hossand dollars divided into three
to be paid for at the time and in the manner following
subscribers the said stock shall pay into the hands Of
the President upon the y o tg m0n d Sp
subscribed by them and furnish their notes to the order
the Company for the remaining eighty dollars payable On
demand a. the once o. sa TS4ny M gV dstsrnne an r
shall he
than twenty dollars on each share az such erods n may Re
French English languages in two newspapers published
daily in the city Of New Orleans shall be Veg Ryne4t Or
bred seyentyaye Thousand Dollars may be increased to
One Million Five Hundred Thousand Dollars as hereinafter
provided for
All the corporate powers Of said shall be exercised
BY Board il composed Of nineteen stockholders
the t Monday in January Of each Year. at the
continued days immediately preceding sad election
The Board shall appoint stockholders inspectors pre-
side at and any of said inspectors decline
stead The Board thus elected take their seats the
the month OJanuaTy in each and to hold
theretrom until their successors cleo
ted ana qualified.
The Board Of Directors shall consist OF the following
stokholder w9o ha remain in office Until The aTst Monday
ed ' T5 1884, Or until s'' successors are ''se'o ana
K Z Godel, Thos NJ Simmons,
john McGinnis, Jr, James Byne.,
Edward Rigney, Charles 4, Il Walker,
| Ii. H. Stanley Il a MheeoeE,
Geq & M " Ssn'on \ \ =. E KsII6ss
| a. B. HitchcOc., 9; NJ: soria.
| BL. Mann
SIXTH.
In ait elections the vote shall be by ballot and those stock
sent duly elected; and the Of
eae anoer eesn to take place within ten days hersaer
aud give notice OF the same as aforesaid.
| SEVENTH.
proxy each and share which he she they
or Vote on an Stock transferred to him or them With
! in ninety days prior to said election,
! EIGHTH
Each and every holder Scrip shall be entitled to all
elections Of directors provided said vote be given to stock
and eyet Hundred dosrs d scrip provided that no individual
corporation or company shall be entitled greater
ferred to him within six months prior such election.
|
In the yearly dividends declared by said Company th
them during the and the stockholders to the extent OF tn
The insured who shall claim AND receive a return
per Gen 81 thgr premiums d ,F snF 9Fsit e 81
the Company -
The insured shall payment Of their shares in the diy
dends be entitled to certificate of profits, bearing 81
President and Secretary shall contain the proyo that
should the losses Of ne COMPANY IN any Se4T exceed me pre-
of the capital paid in said certificates shall be reduced
|
No certificate shall be issued for the fractional part Of
between Tens of Dollars, for less than tie
dollars but all such fractional parts of SUMS ami sums les
dollars TO be passed to the contingent
the Company, which shall remain as reserve fund for h
benefit Of the stockholders and the find
hereby shall exceed Three Hundred and Seyenfv
Thousand Dollars the shall annually be dviue
amongst the stockholders in proportion to their respects
interests in the Company.
TH1RrEES1H
liz .,,.i. ,2,is,.5-. =. 1T !,
the stockho1eF sa " pnu Inel usueIus N can, VI
the amount 10 De e PAY a n.y. ~ se PEI
the amount OF ot9CA nelu W snet a te t i snail
placed 70 ue ceut VI uhpau 't"t i'l tue saLe
, | paH IN iui- -
. FoUhIhENrh'
The BOARD oF Directors shall at their frst meeting in eve
year elect one among themselves President and vi
r. elected -,rxru
~ fLfFEENIh
No narson shall he capable FLEEING Director of said Coz
n Io das M NJ the tina al his election and durfpT
IN Office hold in lis name or in fat of the Con
raiai ne 81 iii h La NAV he mariner al Last Al
= s tsea Of gV he stack of said CGmpauy
u ..,,yrrT
The Board Directors shall the power appoint
officers clerks and employees shall be necessary the
lie Quoting of the business said Company ordan
rules and regulations as they may necessary for the
eminent of said Company provided the shall conf
with the laws of State the intent and meaning
T. this
Ta sbar 6 tho con,nnns.tinn of the ofcers clerLs