New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-12
CHARTER.
OF THE
ATLANTIC INSURANCE COMPANY
or NEW ORLEANS
or NEW ORLEANS.


or NEW ORLEANS
STATE or Lnu1s1AyA,
City Of New Orleans.
Be it known that this Twenty-.izh dav Of Anil the
year q our Lord one thousand eight hundred and sixty x
before me Edward Bsrett notary public in and for the City
ers s5s @a sgs.eq {6g psgs @GSe lne5 se
provisions Ofhe this State relative organza
ton OF corporations 10 this State they have cOvenanted and
themselves to form into and constitute
Tor the objects and purposes and znde the spuisons and
TIC S an Es 6I f1 Of aEw md
It sbaIi Il sness soa III; h VI az " ~
its capital stok shall have subscribed shall
seal having for device the coat Of Of the
State of Louisiana and for an inscription the Of the
SECOND,
The objects and purposes Company are hereby declared
to be:
lit To make nsuranees upon Dwelling Houses Stores,
Household Furniture Goods Wares Merchandise Machinery
I'd To MAKE Insurance. apon Ships and other sea vessels
Steamboats, era other vessels Freight Goods Bills Of *
Bullion Money and against all Maritime Inland Trans
upon Lives and other accidents in other words 10 effect Ere
marne river life and accident insurance Of any kind what
The Company ray causeitee to be rensured against any
notices and other legal process wherein the Company
the manner hereinafter provided Tor.
THIRD
The capital stock of said Company shall three hundred
and FIVE thousand dollars divided into three thousand
to be paid for at the time and in the manner following
The subscribers the said shall pay into hands
the President the organization Of the Company for bust
subscribed by them Iurnsh their notes to the order
OF the Company, for the remaining egy collars pay able
such the Board Of Directors may determne pro-
yded that the shall be made by instalmen OF
than twenty dollars each share such periods may be
agreed upon y sid Directors and thirty days notice in the
daily in the city Of Ne Orleans shall be given Of payment
payments 10 be made which said capital stock Of Three Hum
bred and seventyye Thousand Dollars may be increased
One Million Five Hundred Thousand Dollars hereinafter
provided Tor
All the corporate powers of said company shall exercised
by Board of Directors composed OF nineteen stockholders
oe Of he opan Tote @ I'll esG1 HA az see
and eont1eS o fe DAYS pFee5S aid
in the French and English Languages above provided for
The Board shall appoint stockholders inspectors pre-
side such elections and any Of said inspectors decline
fail to attend the shall ppqnt others to act in their
first Monday fthe month Of January in each and to hold
ted and qualified
The first Board of Directors shall consist of the following
stockholders who shall remain in Office until the Monday
in january 1851 orunt their elected quail
I. < 4 S Mssssson SEN ssnus & B s;,o-
Edward Rigney, Charles H. Walker
George W. Manson, n a. Thomas
A. B. HchcocE g. NJ soria
B. L. Mann.
IN all eecons the vote shall be by ballot those
holders receiving the plurality Of of the stockholders pre-
election taking ace tn DAY aforesaid the President shall
another election to take place within days thereafter
and give notice OF the same aforesaid.
SEVENTH.
Each stocholder shall be entitled, either person b.
may respectively held provided that Individual corporation
company vote stock transferred him them with
in ninety days prior TO said election.
EIGHTH.
Each and holder Of scrip shall be entitled to al
holders Of go@nanv and be ntted tn o5s @ e
and every hundred dollars scrip provided individual
eyotes than Eve person shall on any scrip trani
erred to him within six months prior to such election.
NINTH.
In the yearly dividends be declared by Company
insured shall participate e the extent Of The premiums paid
capital STOCK held by them.
The insured who shall claim and receive a return
twenty cent Of their premiums shall forfeit Il
other insured and stockholders all their rights the profits
the Company.
The insured shall in payment Of their shares in the div
per interest," which certificates shall signed by
President and Secretary and shall the proyiso tina
mipms and the funds and the whole
part of the capital paid in sd certificates shall be reduced
as to make good the deficiency.
| TWELFTH.
No certificate shall be issued for the fractional part
between Tens Of Dollars for any less than
dollars but all such fractional parts of sums and lie
5 sSn f If 70 e sSfogP
benefit Of the stockholders and the fun
Thousand Dollars, the excess shall annually be dtvoe
the stockholders in proportion to their espec
interests in the Company.
THIRTEENTH.
The stockholders shall be paid their dividends in cash b