The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-17

CHI OF HEw ORLEANS.

n"
Bs known that On this Twenty h day March, IN the
year One Thousand light Hundred and xty-Eight--
Bsfo ne Marcel =. Ducros Notary Pub for
City New Orleans. Pari.h Of Orleans. stats Of LouanA
Aforesaid duly nd ps.naIy cana ssd
sppsarsd The parties whose hsrsunto subscribed
Who declared that svsng themselves Of the provisons 81
the Statutes fths State Of ouana relative orxHDz
Corporations In this State they have and
assed BY presents covenant agree bind
In seves, and those whom they represent form them
selves Corporation for the objects and
purpose and der the stpulAons and regulations follow
ing. thzth tossy;
ARTICLE FIRST.
Tbs mama ana ls Of the sasd Corporation shan b the
LOUISIANA EQUITABLE LIFE ASSURANCE COM
PANY domics hereby established in the city Of ssw
Orleans busne hundred hon
:.s Ss ss ss ss s 4. s
FsssS = NAY = - S y u ss q the "a =
Persona 70 msss end seal ksvse for its
sSd Is a
ss'ss C. .ss 'sss
corporate capacity. .....
Is objects and purposes Ct ga osm.ssy 20 make and
Of OF and u mabe and issue policies
o Re and S to DO and perform sss every
act ana thing % he business Of lie Insurance belonging or ia
be loss on or BY any risk Or sisas which
cha from time to time any policy policies Insurance or
other cations issued q be issued by said corporation
Company may shah :ssss On n: Prssiass
70 Be appointed in the manner hereinafter provided for
ARTICLE THIRD.
The ssps ssee. q ;s s Be Eve hundred
Of hundred dollars each to be paid for at the time
The subscribers Company shall pay into
hand. q The IIssidsns
~ them the remaining ninety d, per share payable
pany should exceed available hand
thousand s sos may Be y tso,Srds Soss the
hoders extended TO an amount not to exceed i've million
ARTICLE FOURTH.
An the corporate Of the Company shall be exercised
BY Board OF fssn Directors ave OF whom shall constitute
HE following ssoelhodsr. hereby constituted
and powers herein specified, to-wit: = =
5shs 1T,%'sso s rs EaTs's Skinny ssnsy
z, l. sossms. 4 iho@p-Sn, Alexander MARKS.
George Fosdiek na-skaii J. Smith, Edward Barnett
The Board sss q their .st &ssng IL every elect
.Ss q Be ~ III ~S
shall preside a. meetings Of The said Board and Of the
the business q the Company generally under the supervision
Toths service Of the whole number Of
said Board o. Drscors shall mot expire at tbs end o. ea:h
three esss having sqnsl number Of DiIscor. sach
rst csss second class and hiTd ess the term Of whss
service respectively expire follows That
Ss Is E And On The nsa
s on once q snd &: s s.
eans between such hours be named dsgn<sd by
s ssS S
which said election notice Of not less than ten days
pubshsd city shall be The duty Of the Board OF
escos 70 appoint three persons not Directors 10
"A Corp % &C. as INSPECTOR Of saes election
The re,u thereof and should Of the appointed
appoint others an the vacancies Nothing con
81 e ss s 30 . once p 1s az. Director as
5ncss rsss.nF o. votes cast sh, Be- considered
q the sna hold IL. Ss
others elected their In the
election % be held within ten days thsrsasr aud shall srs
nos s ssssso ?, @ in wS o. The papers pub
cesssry. until such an election y eaee.ed.
son OF BY proxy 10 vote for each and every share which he
h hsy may sssp.s,iye, hold R,Ssiasd ,hs,
Nor 70 vote on any shsIs 70 him or them within
ARTICLE FIFTH. - -
No person hase capable Of b,irs director Of said Com
Office IN that ef ths com
sf Of % a. e q pa q Inc
lis ia ss Ss h.. & for
7 ARTICLE SIXTH. ..-..t. g.
The Board Of Directors shall the the compsn-
sston Of all officers, clerks end employees Of he Compsny
s s 10 g s .sa
md Ike ss sa
ss5 and change ss sane 2, % p,svaes The sane
tent and meaning q This ss ihsy shall have full %
and purposes COMPANY: they sh4ll have
or in the Presidency.
The Board Of Directors shall have power invest
time time the money and capital Of the Company in bond.
] IN % sSa $ ss
sf
stock created BY under the laws Of the United States
s. 81 Or msis Sn % 1y II s :. %
ties bonds o. s,sest They h. have po.sf to dispose q
security Of property conveyed 70 them in atsf tion Of
eep or cders q seizure obtainsd by ssd or
any property movable mmevabls which may have been
sns Ss
Sroissrs stock osSg exchange or banking business Of
sss E ss': s
tsblishng their once therein. ss - :.
ARTICLE EIGHTH
No stock shah be transferred unless such transfer be made
s snS no h o. ~b
% the ssss on The gs. q such
be permitted TO do by substituting the obligations OF TIE
possd e b ubssit1sd 81 II bs In every sstscy
. The Board Of Directors And the ssid Board Of Directors
security stoekholder. whenever they deem the
curl the deferred payment insufficient
The stockhoe ths not be responsible for losses
damage incurred BY said Company beyond the Of
ita stock held and owned By him them respectively
CO ARTICLE NINTH.
In The @S ont Of April & each year the Rrs,dsn. and p
the officer OF the Company estimate OF the proHs
and Of the Company and also statement OF AL
paid into the Company for or on account Of premiums the
sha be verified BY sday and hed win papers
the Company for and parties
interested And II shall appear from su h statements th-t
the ots OF tie Company do not exceed It's losses and
penses BY than Per cent its cap stock
hsldes and shah rot award return the insa
hut fuch OF shall be
pany vsxerve fsnd 20 future losses liabilities