New Orleans daily crescent., 1866-08-02
CHARTER.
CuA RTER.. ...........,.. ....,.,,.,. .OHAETEB
COMMERCIAL INSURANCE COMPANY.
srATE On LOrIsrA srANA. J

STATE OF LOUISIANA
BE IT KNOWN that this third day oi July, IN the yea
OIL BoT SsG a0pa e one RR sPH P9nes fR and Sot
for the city of New Orleans state aforesaid uy com
and ana in presence of the witnesses here
Personally aud appeared The parties whose names ar
hereunto subscribed who declared that avang themselves
the provisions of the laws Of this State relative to the orani
and other purposes they covenanted and agreed
and 90 hereby covenant and and bind themselves an
those whom they may to form and establish
and purposes and nnder title obligations stpuGtons ani
regulations following, toSit;
ARTICLE FIRST,
The and title of the Company shall be The CONNER
in the city Of New Orleans il shall oontinne and exist io
twenty-five years ou the date OF organization 1t shall
operations Immediately 1t shall
corporate seal having for device Commerce hu
inscription the name of the Company and the date of this
act,
ARTICLE SECOND.
SECTION l. The objects and purposes of tie Company are
10 make insurances upon dwelling houses cotton
presses and every oher description of buildings household
furniture goods wares, merchandise machinery and other
property, against loss damage by fire.
10 make insUrances ships and seagoing vessels
steamboats, and all other vessels, freight goods bills
exchange and other evidences of debt commissions profits
postion ris botomy and respondenta interests in other
%Uto 70 eaeet nre marine ISet ana inland Insurance OF
either OF said purposes.
The Company may itself to be reinsured against any
risk upon which it shall have made insurance
SEC The Company shall and be sued in its corporate
served on the President Of the Company;
Inc Board OF directors shall have
from time to time the money and capital Of the Company in
bonds and mortgages unncumbered and improved real
jefferson which every shI be deemed worth at least
They may also invest the profits of the Company in anv
bonds or stock created by or under the laws Of the United
city make any loans pledge any of aforesaid Sc
cures bonds stocks any collateral bill ading
distribution 9nett earned premiums for the year
Iae shall haYe eE to dispose Of mortgages obtained by
way y o ot ocS Ptagea or security or property
% then IN OF debts previously contract
seizure obtained b nd Company Or o any property movable
or mmoTable which may have pledged abandoned
but nothing herein contained shall be as to a
do any other banking business nor eitber drecf r
ecty deal trade in buying selling movable mmovable
lie Company shall have right 10 purchase property Of
onaing 9T % TIE purpose Of establishing an ctce therein
employees elected employed by them in the service Of the
may occ1r taeT the Presidency
They sha have power to rules regulations and
IF The Company provided the same shall conflict
with the true intent and meaning OF this act,
THIRD.
SECTION An the corporate powers of the Company shall
be exercised by the board Of twenty-five Directors to be
election Of Directors for organization stockhoder
eligible who does not hold in his name that of his firm
thSt NJ n On ne books Of the Company for at least
three months prior to the election.
Nine Directors present any meeting shall constitute
ARTICLE FOURTH.
hNed at one million Of dollars divided into thousand
shares of hundred dsars each subject
ter and hereby authorized business as soon
as SSO0 capital shall be subscribed The to be paid
as follows
The subscribers the said stock shall pay into the hands of
the President upon the organization Of the Company
the Of ye dollars in cash every share
subscribed by them approved by the Board
of Directors the order Of the Company for the aiming
nneynve dollars payable on demand at the office of the
Directors shall determine provided that calls shall be
than dollars each share period may be
agreed upon by the Bo4 Drecors and provided further
thirty days
sEc When an authorized call shall be made upon the
legal notice shall be given Stakeholder Of such call by
the Secretary OF the COmoany Upon the failure any Stock
such notification the stock him ha 5e exposed for
sale at public auction and should il bring cess of
shall be paid the person the legal representaves
owning the stock prior to the sale.
The purchaser Of the aforesaid stock shall be compelled
Company against said Stockh ,der.
The release of the delinquent Stakeholder from liability
Directors.
sponsibe for Ae aut said company in any
further than tine unpaid balance due the company
the shares owned by him.
SEC No stock shall such ransfer be
made on the books of the should any stockhoder
same having been made shall be permitted by
ue OF the obligations Of the purchasing provided the
rectors.
ARTICLE FIFTH
SECTION l. The election for Directors shall be held on the
rst Monday May year at the oce of The capa "
Notices elections shall be given 9 at least ten
ruye days mmed ey preceding the election in French and
sE re BnsrS m ~ III ,nUnnt nU ~ I br cry pnpgSs 1
tors preside such elections any Of said lnsecors
5eene or tail to attend the President shall appoint others
ARTICLE SIXTH.
SECTION l. The of Directors shall consist Of the