New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-24
CHARTER.
CHARTER.
COMMERCIAL INSURANCE COMPANY,
safe OF LOUISIANA, !

STATE OF LOUtSlANA,
BE IT KNOWN that on third dsy Of July in the year
B ss5 ao me en so sGRisPa osBPa @
and Tor the city Of MY o a5 psence the nesses 6e
ses nance anne sme ana The parties whose are
bereuno subscribed who declared that awaiting themselves Of
sstsn Of Corporations nhs for works of public improve
and Other hsy nave Gayena mani and agreed
those they repre- form and establish, do
SS and under the title eSgaons StpaSton and
| regulations following to-wit;
ARTICLE FTBsr
The name title of the Company shall The CONNER
eia Insurance umpsny and its dom hereby established
twenty years date organsation 1t shall
menes opsa,ops mmegiaey on 4 sn@ eye
inscription the of the Company and the date of this
ARTICLE SECOND
Section The objects and purposes of tie Company
/ e axe insarances dwelling hogsss stores cotton
property, against loss Of damage by IRE
q TO make assurances upon ships sea going vessels
exchange and other evidences Of debt commissions profits
billion money and against AL m ritime and inland trans
p9rtsiion rs e0omy and in other
any kind Whatsoever with privileges of exercising all or
liz Company may cans itself to be rensured against any
risk upon which IT shall have made insurance
name and al citations ana other legal process shall bs
SIC s The Board Dreutos shall have power to invest
from time to time the money and capital of the Company in
ae situated within che limits 81 Tie parishes Of 0rlean
Jefferson which Sd be deemed rth at least
double the amount loaned thereon.
They may also invest the profits the Company any
States State Of the corporations Of this State
e on MAKE any loans on pleage 81 any 81 me ef oFea Sc
provided this investment shah not int rfee with the prompt
They shaa have power dispose Of mortgages obtained BY
to them in satisfaction Of debts previously contract
ed purchased public sale upon judgments orders Of
orimmovbe which may have oeen pledged or abandoned to
but nothing herein contained shall construed
thols the SID oupany to discount paper or 70
recty trade buying selling movable imnovable
sRai lave lie Hell purchase Popey
bgdng for the purpose OF an s1ee thefep
e employees eitced q employed BY them Y ne
y may oce1r b tlsiF nfiabeF 81 Presidency
ass them shall ihe transaction of the basi:
ng Ct s9 ap az " s sa i0s
4 ARTICLE THIRD
Z sEcros All the corporate powers Of the Company shall
elected from among The stockholders provided that the
Ct DIses9 %F r. a no & ~ M SSa S
least M shares which stock shall have stood in his name
? three months prior to the election.
Nine Directors present meeting shall constitute
Z ARrloLE FOURTH.
p sEcrIos The capital stock this Company is hereby
shares Of one hundred dollars each subject to increased
ter ind II hereby aathorsei 70 commence business q
10000 capital shall be subscribed The stock to be paid
The subscribers TO tile said stock shall pay into the hands
the President the organization Of Company for bust
subscribed by them ard furnish approved by fhe Board
Of Directory e the order Of the Company for the remaining
ninety dollars payable demand at the office of The
Directors shall determine provided that calls shall be
made except pay losses and then by insalments Of not
upon the Board Directors; pSyided further
that calls shall not be made more frequently than once in
SEC When ap authorized cali shall be made upon the
Stockholders for portion o their stock notes and
Legal shall be given to each Stakeholder Of such CALI by
the Secretary Of the Combany Upon tbs failure Of Stock
holder 70 ply the amount due such CALL made and
such notification, the stock owned by him shall exposed for
the called for and EXPENSES of the sale said
4 owning the flock prior 10 tie saie.F II
The purchaser Of the aforesaid Stock shall be compelled
g all Rbiltes, stock etc held by
CoGnpan against sad 81 elder. u "A Z FL iaA
The OF the DELINQUENT Stakeholder from liability
his notes. sha be at the discretion Of the Board
II Directors.
il sp6nsbe for the faults Of said company in
further than the unpaid balance due to the company
Il the shares 0wned By him. l}l IS ,.5 p a
made the boaks of the should stakeholder
desire transfer his stock previous to fun payment of tbs
same having been made shall be peredto do so by sub
ute the obligations Of the party purchasing provided
substituted Obligations are satisfactory to the Board of III
= rectors
T ARTICLE FIFTH. z
SECTION l. The election for Directors shall be held on the
first Monday Of May of each year the oca Of the c0mps
Notices such elections shall
eutge days preceding the election in French and
SEQ q H. Board shall appoint three stockholders Inspec
tors 20 preside at ue elections and IL Of said
deqne a 70 attend toe President shall appoint others to
Article SIKH.
SKurIoNI The Directors shall consist Of the
I fol swing stockholaers, to.wtt :.