New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-01
CHARTER.
TyuAwrER OF THIS FACTORS AND
TRADERS
INSURANCE COMPANY,
OF New Orleans.
sr.rr or LOvrs,ssA, Paass OF oaiSAsa:

eiese with y " andsr be perAl Law Of this State pro-
vidng g. ta Nominations e govern SAGE The
q sRsa,e ~ II sse raid Gorporaton' A
e ~ AKreLx FIRST.
ne doai Of the Corporation hereby established in
~ tv IF New urons Parish Of Orleans StSse Of lonis
III b FAoToBsi AND TRADERss INSURANCE. COM
Il han commence business IN about the frs day 81
SEPTEMBER 1855 and shall exist for twenty eas en- se
settled by order Of two hres the votes o. 'ne
Il shall have seal and tho device she same shs
be NE insight 'Justee with the name o. 'he SS'pas
T. he FTes Gent Or in his sbeaos the yios q
lions in Ill suits against the Company.
ARTICLE SECOND
The objects and purposes Of his Company aSe a5esEed
pssg g9asg: A.. s 5 s 9ss o 9ras
To make Marine Vessels Freights Steam
bdats goods Wres, Merchandise, Specie huion bils o.
Exchange Commissions, Prehts Bank Notes and other ey
make ali and every sppertsning 70 eonneete
With Msfiae INLAND Transportation sishs III, MA,
upon which heyhaye made or shall make Insurance
ARTICLE
aILoS o. DoAas WITH te preSs s # Sstsas
ing Il 70 Three Mitions atviuea nv? snsss y l.; p
eg provided III IN Article FoaR u ths Charter
Haadrea Dollars shall hsye been Subscribed but
ssh a sa " es o 81 e ssea unt the same Is
paid fall transfer Of eag thsn enc tun STARE per
ttsd except the pleasure OF the Trustees, the transfers.
assuming an Indebtedness thereon,
ompany y is o IN lie cify d New Orleans o but
while TO the Company exists on the pat q
ii addton to the Capital Stock the Company,
ceed profits loans and Investments and Of AL AMOUNTS
Tscelys5 from oihsr thal ZEN ~ b
paid dividends e interest shall DO made t9 stockh9dets
o a e &c 9d ds an adn y ho soof
trustees direct provided shat i he eontiasePt fund
dehesney sa be made and paid cut of TING net profits OF
These dividends shall cover all participation in profits Of
tho Company except hereinafter provided for In Article p
Any excess Of the payment Of tho ipteres
eece except for the payment q losses after 81 other FINDS
os spsny e1sep te Sa es ss 26 s a s I'LL
Capital Stock until the shall amount to Five Hundred
prsted from year 20 Year q the Trustees may deem eA
Asrrc1r roURzH,
An persons who have subscribed q may hereafter sub
Before the Tss business DAY II Copsny ten pei cent
Ten DSasen each share IN sash passing their notes
sine,y oars share tmes Inc Board
said notss contain alaase to The effect that a. il
s ~ natss m any norn Of them
shaa duo snd ble 4 sueh sums and At sash times
thereof published in The official Journal Of he uity Of New
Tene stsesn the If payment for each nstsment
The npaymeHs o said noes ar iustalnens on same
Company, together with iii accumulation thereon and al
Interest banea hereRnto Belonging provided that the
may extend said payments sr such time as they may
he Foregoing abssripsens receipts mot transfer
able ened by The President Secretary shall be issued to
nosss gwen, which seeps shan 8 spsnssTed to the COM
pany Certificates Of stock, provided for in Sec
s. Subscriptions u lie capital stock ohe company sub
ssqnen 70 is Organization snail The the
9s .Rs whole spiss sssE 4 taken sP ,s sasssTip
but shall Ss elossd 70 stocEhoSdefs during he asi
M stocahsider shall in any svent asde liable The
ss & s Il s s oa oss a9S H.
her or their indebt .dneEs 70 tho Company
AR4tcIz FIFTH.
The eeetualiy 70 out the objects and puposer
q ihss s 0eEposaSl 4 y hereby deeEssd
hls III a ssa = sSs e
Losses FOR ans other purpose untl all the Oher available
whs5svsl sa hsge bean necessary tonss any portion
s va Sr o af si d a Of un Si sae
sa sau p III bs and @
4 Is TO established q Ff3 sla-g u
ana Il Section 81 Al Gle Of tbs charier shall be made
e ne or their legal aye IL
dend shall 20 pad she there exists any indebted
passed in sotsdness until satisfied
~ sp w. opsS II we in sas1 faS every
esdng ineiutys, ~ 1he following manner to Wit: Show
Marine risks. each dedsctigg therefrom the Of
as az nai s Sss mi The amount Of losses
return pIns and each rstus essFsavgs The balance
n sae n Or n Section
then remaining snail a Vded srnons the ockRoldes the
company Tsia th amount premiums by each
shall nSt NY enc year seeed MY I'VE IF the
ON Of Jsnun5y IF sah Iear ana that nv 1tns M
ev MY cent ssli BE- carried the credit Of the
ten Doss nor any fractional psFs q Tens 81 Dollars shall BE
out That M such sums shall be carried t. the credit
hss nod yidepe declare shall bear interest and that
dividend nneimed or the Of thtae years from the dKt
IN s+ od forfeited TO W. ana car p the
~ ~ Il an me oelal Jou5na
Thss parties iasurng with the Company who are po
stgekhnideIs there such tsh return Tux
stostai Tscv fstarn' sha iofit al clam
m d ~ ~ sse sFos p tae company
Ihst a pEsmSms AL be due and psyeble a cash unde
lbaspthn tho month of May 1851 and year there
kfeF the PTedont sha causs be statement The
PEI prof # "a Ginpssy, provide fr section d i-
and shall cause ihe same 70 be published ii at
pr theciiy paners fer TIL together til
wish g n sash and Is portion shereoF a N soat s'
hnd the nature thereof his publication shah bo nude unde
md mhding upon ail persons interested.
GRTioLr srxrn @
% RSEsF q s sSa said ss. sg s ss b
Il slsrks e. they may appnint
seyen Il vhom shall form QUO UNI os tho traasae ion q
e BE- elected Or he seee @ day in April Of eaet
Trustees ahai desgnais Of which the President shall cau-t
sab q LIZ fhe is soaa "a " sgo r tR9
sha apAoHt shEss q ne st0s9des oIthe COMPENSATION IN
tors dsslne q fall attend, the president may appoint
II
The Bnd Of Trustees thus elected are 10 ako their seats
en- tho Mrnay June after election and IA old
dc same one year theretromi until others elect In he
stead,
these receiving plurality II votes shall be con
o. sdefea duly eleer iuthe Of no election taking psct
On The dag atus the resident shall another election
Rea within ten days thereafter We notice Of hi
aAs IN one or more of the pnbllc
q lhe Beaa Of Tsusees halt annually at their hFst
nk elect fsdept and Vice, PRESIDENT who shall On thei
eeetioh PC e ye " the
tue Snail nead Ae fcea nnt ther Successors arc eete,
ana me fse lgent shall ede al Ineengs
tho Board OF Fees, and ~ ihe II the sIoekn'der
n 81 the company, and Aha conduct the sinesH NJ NV
Huny genera ~, uaaef tho supervision ii lie oST5
g. The Vice resident shall the MEG ines
the absence Of the fes. ent and n his absence shall sir
the policies OF the comptAy. ~
z The snail ok the oompens tpn Of All officers a,
10 clerks employ or elected ny said comp ny
hey SHAH invest the prOH Of he Company from tae
time hereinafter provided tpF hay shall hye power
op such y-Laws a. they dc AIRY and CON,
ient for the and regulation OF The ompay II;
contrary scharter the # he legislature ~ I'd
state providing for the Organization rsustion eof
Faons, approyt Ma CHI 10 h. 1888 aud Mar 18th 1855
No prison shall a Trust II this tannauv who 10
aice, hold n his psn name or in tke Of the oommerc
eapial stock thereof
" EAe stockho der shall entitled at election
hAr o ne eap atSch which she they MAJ respec
81 9Fy bold but ot 70 any stock or hel
Neniietted slthA three months Tor to said election.
X SEVENTH
3 l. be lawful for ths trustees 70 invest the csp
fges on rex esae psriskrs Je trson
eaaeAnt exceeding nalJ Of hs eaplsk stock, aud
y case the properly Bha eotth the amount osne
= ~ nay also invest Tie oapiisl stock and ot6i