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


city of New Orleans and aforesaid uy
after named and undcrsgnsa
Personally ZANE ana Ihe parties %h9se names are
ie o. W. I p ts s,e ra9Ss u the oTgan
rent aud other purposes tsy nave eoYehAea and agreed
nd 20 hereby eogenan aha sHLeS % ou themselves and
eIsoy e1aSn ana Ggr tS title ND
equations following 'o-wit;
ARTICLE FIRST
nj nSIanSe And its donieii is hereby established
u tne etty o. Ne ~ & ~, arnisstion If 46all com
sncs opeTti"ns n1pediasy on ors7on II shall have
SEX b name Of the Comeany and the date Of this
e'' ,,-,orr svroND.
l.. c,. -
,e2e6y declared to lei -
l. 40 make assurances upon dwelling houses stores cotton
uTnure goods wares merchandise machinery and other
To make assurances upon ships and seagung EeSSels
exehsnge and other evidences Of debt profits
bullion money and against all m rtime and inland trans
words 70 effect IRE marine river and inland Insurance. Of
any kind whatsoever with privileges OF exercising all or
either of said purposes 81 ,.,--., .u,i.u. 49,,
risk upon which it shall have made insurance
name and ali citations other legal process, shall be
SIC The Board OF Directors shall have power invest
bor and SrtYres on unnCpnbered and improved real es
Which IN eTery case sh4 Be deemed wrth at least
1emSisJ tSo @ AMOUNT loaned thereon
6ey may aso mes 'ns % The s al hs United
States or oth state Or OF M Ct hs ssats or
eass bonds toeEs soetsEai IN e asas
They saa have power dispose oI MORTGAGES Obtained By
SaS q sif9Fy
ed q purchased u p9ohG sae np9n lRogmsnts Ct o5Ss
seizure obtained by sala Company OF o. WY proper ~
said Company tor Or concerning NM oPsrA o. II m I'll
tholize the opsny discount negotiable paper or f.
do any other banking business ngT eher dTecty q o
recty Geat or aIe "a oug OF preyided also that
the Goapay shal INV til rRht % purchase property
4Reg ha tx he eoapenation # he officers and
anITyss elected Or ennoyed BY them in the service
9 and ba also hsye po4er to IL iii vacancies which
may occur in their number OF n the Presidency.
They shall haze RoT to Saog' sTeh rl
ness Of ne u9mPany pToWaGa te sae Sh@ h'' e'Ine'
Article THIRD.
sEcrox An the corporate powers Of the COMPANY shall
elected from among sookhodrs irovdea that after the
election Directors for Organization t9ckhoder shall be
sast sv shares which stock shall have stood in his name Or
S5s N nob ls piS Tn 10 he eeSion
Nine Directors present at any meeting snail constitute
quorum Tor business .r-,c,y ro-,-v
srrr1os The captsl stock of this Company is hereby
S64Fe Oh Ge F oa aft B If his cbsT
r ana * hereby auhorzed to comence business as soon
al Am III cnits Hi ba subscribed The stock to be paid
NC 2IioGs. '"P'''' -' ~
The Prasidsn non Tie Of the Company for bust
ness h sum III five oa Ia cash on e. CHI pnd every share
subscribed by them AID furnish approved by the Board
OF directors 70 the oIue q Eae C9pSp TT wy ~
6oLnpany ~ Sucn tle at - ~ aiis u Ne
DirsctoTs stas IA r. ~ If MOI
,nane gAeePs II pG5 X sTn ,ri 10 MAJ, Id
that calls shall be made frequently than once in
thirty days -
StocShoders for any portion q the st9ek hote que anu
legal notice shall be given to sac teckhoder OF Such call b
the Secretary Of the Uom7ahS pppn the aute q any
holder pay the amount due on such call 50 made and after
such notification the stock owned BY him shall e eNpoea to
sale at public auction and should 70 bs sum N Sees q
the amount called for and Of tue sale said e ess
shall be paid over ia the person the egai representatives,
owning the stock prior TO the sale "
The purchaser of the aforesaid stock shall be compelled 70
assume all the abes SUCH as stock notes ETC. ed Dy tie
| Company against said D ockh der =. ..,
ina release OF the dsii9lueht otackhoueF ou laul w
4lon ~ stosA no'eo' SIa'i oe A' VIZ u' ~ ~ "
s That M shall ever be held liable or re.
posibe for ae contra rs OF auts OF said company any
further sum than The unpaid balance due to the company
| the sI,aras o,y1 Cd nv him
rG No stock shall De transferred unless such transfer
made on the books the company should any stOckhoder
desire TO his stock previous full payment OF the
Same having been made shall be permitted by sub
sute of the obligations DurchBsn provided the
substituted Obligations satisfactory the Board of D
| rectors
ARTICLE FIFTH.
| e., ,.,. r. r,.u..-- ,,, 10 Lo,5 ~ tb
Notices OF such elections shall be given
ctive days mmed preceding the election in French and
in English and in at least NO OF the city papers.
SEQ 2 Board appoint three stockholders lnspeC
tors to preside such elections and of said ngec
fail President shall appoint Others tC
! Article SIXTH.
| ct