New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-15

STATE OF LOUISIANA, !
BE IT KNOWN that on this third V dy 81 a HsE 9Tes ans
of our Lord one thSgssnd eight hundred and sxtysx
before me k9s sl JosEPh kER, Notary Public III
moned and qualified and in presence the witnesses
Personally appeared parties whose pames ar,
subscribed who declared that evang themselves
cation of corporations in this State Of public
hereby agree bind s
those whom they may to form and establish
and purposes and under the title obligations stpulauns
FIRST.
The and title of the Company shall be The CONNER
ca Insurance Company and its domc hereby established
in the city Of New Orleans 1t shall cOntnne
twenty-five years from the date OF organisation 1t shall com
operations Immediately organization It shall have
corporate sesl having Commerce and for an
inscription the of the Company and the date of this
ARTICLE SECOND ..
SECTION The objects and of tie Company
40 AXE nsurances upon dwelling houses stores cotton
presses ana every other description Of buildings household
property, against loss damage by dre
70 make assurances upon ships and seagoiqg vessels
exchange and other evidences debt commissions profits
posion bottomy rSspondentia interests in other
words 70 enset nre maEpe river and inland insurance Of
either Of said purposes
The Company may to be rensured 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.
SIC s. Inc Board OF Directors shall have tn invest,
from time to time the money and capital Of the Company
bonds and mortgages unincuhered and improved real
Jefferson which every aha be deemed wurh At least
double the amount loaned thereon.
They also invest the profits Of the Company in any
ponds OF stock created by under the laws Of the United
STATES oth State of the corporations of this State or
city or make loans pledge of the aforesaid
clTlte bonds Or stocks Or any collateral bin Of ladng
trbution q nett earned premiums for the year
way security or Of ocs pledged for secury Or Of nrnns
conveyed to them in satisfaction Of debts previously contract
OF nn9gSbis Sgbic6 NAV Nan NJ z 3 properly movable
sad Company for concerning the operations of business
but nothing herein contanfd shall be to a
% other BANKING business no eiTher deotly or ind
rect deal or trade in buying selling movable mmoyAbe
property goods aTes Or merchandise provided also that
the Company shall have the right purchase properly
They Shall fix the Compensation Il tie officers clerks and
employees elected employed " them the service the
may occur in their number or IN the Presidency,
laws @ t. them shall seem oe for he transaction Of the bust
of tile Company; provided t!e same shall conflict
with the True intent and meaning OF this act.
THIRp
sEoTloN / Al the corporate powers IF the Company shall
elected RON among the stocEhodefs povded that alter The
election Of Directors for stion stakeholder shah BE-
M shares which oa shal Ea4 so in h l'' h II r.
Rs OF als aF, on ts 5osks Of the Company for ateas
hne Directors present At any meeting shall constitute
FOURTH.
SECTION The capital stock Of this Company is hereby
shares Il one undred 9s sac aS aSea mt &c
70 three millions of dollars article twelfth of this char
ter and y is hereby authorized to soon
as $4,000 capital shall be subscribed The stock paid
The subscribers to the said stock shan Pay into the bands
the Presidea organization Of Tue Company for bust
subscribed by them and furnish approved by the Board
OF DIRECTORS to the order Of the Company for the remaining
ney-fye dollars payable demand at the office of the
Company at such time and in such the Board Of
Directors shall determine provided that calls shall be
more than ten dollars each share such period as may be
agreed upon by the Board Directors and further
hat calls snail not be made more frequently than
SEC 2 WhepRn authorized call shall be made mon the
notice shall Be given to each Stockhoder Of such can by
The Secretary of the Company Upon failure of any Stack
loaer to pay the amount due % slchca made and
uSh notnGaton he stock owned by him shall exposen for
ale at public auction aud shond it bring sum in
ne amount called tor and Of the sale said
,wning the stock prior to the sale -
The purchaser Of the Aforesaid stock shall be compelled 10
Company against suid Stakeholder. =
The release of the delinquent Stakeholder from liability
ms stock notes shall be at the discretion of the Board
SEC That stakeholder shall ever be held liable or re-
ponblbe lor the contraB or ans Of said company any
he shares owned by him. -
SEQ No stock shall transferred unless such transfer be
esre transfer his stock previous to full payment Of the
anne having been made shall be permitted do by
ue OF the obhgatOns OF the party purchasing provided
INSTITUTED Obligations satisfactory the Board of Di
ectors. =
ARTICLE FIFTH.
SECTION The election for Directors shall be held on the
Offices of such elections shall given for at least ten cops
alive days mmedi ey preceding the election French and
SEC TIE Board shall appoint stockholders Iuspec
rs to preside At such elections and If any Inspectors
OF a 70 attend the President shall appoint others
ARTICLE SIXTH.