The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-06
INsURA nee.
CTATK OF LoUIsIAs IA,
CITY OF NEW ORLEANS.

L
Belt that this twenty Firth day Of March In ID,
| year One Thousand Eight Hundred and Sixty Eight
Beo me- Marcel r. pucros, Notary Pubic IN and for Tia
City OF New Orleans Parish Of Orleans Of Louisiana
Aforesaid duly commissioned and personally
appeared the parties whose hereunto subscribed
who declared that svng themselves of the provisions
the Statutes ofhe State relative the orrsnir
on Of Corporations this State they have
agreed and do BY presents covenant agree and bind
themselves and those whom they represent
selves into and constitute Corporation for the objects
purposes and uder stipulsons regulations follow
ing, that's tosay:
ARTICLE FIRST.
The and title OF the said Corporation shall be the
LOUISIANA EQUITABLE LIFE ASSURANCE COM.
PANY its domc hereby established the city of seu
dollars shall subscribed for shall exist for
twenty i've year. from the ass hereof and an, such Longer
this State Il shall have contract
PERSONAL 70 msle and common seal having for it's
device feeding rs young 70 name and appoint sach
nencs equire and proser By laws
for the regulation ana management Of Its affairs ali in its
ARTICLE SECOND.
The objects and purposes Of sad 1Ompsay make and
sne sn ss T
ofnsursnce of kind and whatsoever for the in
act and thing % The business Of life belonging or il
nsd s.n Oss sn ss Or ~ amp may cause s;s
may be taken BY said Company its benefit pur
issued or be issued Sy AID or
may s and ssT legal the
to be appointed In the manner hereinafter provissd for
ARTICLE THIRD.
S Ss & S : be Eve hundred
Of one hundred dollars each O be paid time
The said Company shall pay into the
hands Of the resident upon ts OrgsazatiOn
By them the remaining ninety dollars share payable
such demand to be only case the losses he Com
psny should exceed the Of available hand
thousand dollars may be by vote the ocs
hodsrs extended to an amount not to exceed Ave million
ARTICLE FOURTH.
All the corporate OF Company shall be exercised
following named stOckhOder. are hereby constituted
the bret Boero of Di ectOs and rights
and powers herein specified, tO-wit:
Saa ff ys s s Rs EtTsTs sd Fsns
p. sSSS%' fh 1So% %sy1 A'Eaps:I Marks
George FOsdck MARSHALL J. Smith, Edward Barnett
,1 The Board shall At their first meeting in elect
who shall ex ofcio be member Of said Board and wSc
sss preside :. meetings Of the said Board and
.n Of the Company generally under the supervision
Tothe that the Of the whole number of
sn 81 s sS sa pG expire At tbs end
three classes having one equal number Of Directors
nrst class class class the term Of whose
service shall respectively expire follows That Of first
class in YEAR, that Of class years and
that the third class in three the third Mon
holden al the Office Of the Company IN s T of sex
sans between such hours may be named designated
and stead Of those whose term Of service expire Of
shah be given BY public sdvsrtisemsnts in two
Golsh.d in this city and II shall be the duty Of the
eectos to appoint three competent persons Directors
perntspd and conduct the and TO- certify @ oss
ss ut ad should any Of the
appoint others 6 the vacancies Nothing this act con-
Bile to reelection said Ofee Of Director "e"s-
duS ssdss .nS s p votes cast shah
Of May aer The election and all hold the same uRti
taking place the fixed the President shall csnse an
election 70 be held within days and shall give
shed in the eit, q New Orleans repeating sane il ne
Each and stakeholder shall entitled either In per
son or BY proxy to vote for each and he
tiOns shall be entitled TO number Of ATTY
ninety days prior to such election ~
ARTICLE FIFTH.
No person ,hallbe capable of bsng director Of said Com
pany who does not al he time Of his election during his
merea firm Of which he may be tner ten shares Of t1s
n i,S S ana ee the holder Of policy Of in
bis benefit for the Of least Eve thousand dollars
ARTICLE SIXTH
The Board Of Directors shall the amount of the
saton OF all officers clerks and employees Of he Compsny
they shall invest the profits gains Of the Company sm
Company and sS S rs snd
shall conflict with the o this state or the srus inc
perform ali scs and things not n Sss1 5I
which may be Necessary TO carry into fun effect objects
power 70 h all vacancies which may their number
ARTICLE SEVENTH
70 e bs sI ssS have to invest from
and mortgages un numbered improved and unmuroyed
deemed worth at least double the loaned thereon
o ass sse by the q the
or OF TINS state or Of this city Of corporations Of this
ties bonds stocks They shall have power 10 dspos Of
oS 1seS Or Of oy way security
debts previously contracted purchased public sale upon
property movable immovabs which may have been
Snea 70 the said for or concerning opera
construed AS TO authorize the said Company engage
brokerage, stock jobbng exchange or banking Business al
n{ knd provided also that the Company shall have
iAbishing their Office therein.
ARTICLE EIGHTH.
No stock shall be unless such transfer be made
p the books Of the Company at their place Of
my indebtedness the Company exists part Of sacS
permitted so by substituting the obSssn oco ~
art purchasing provided always that the o5gs ions pro-
The Board q Directors the sid Board Of Directors
& Ay ar nave me e require additional bond
uri on the deferred payment insufficient
The stockholders khsn Iossas mr.
msge incurred by said Company beyond the amount Of
aSs stock held and owned by him them respectively
ARTICLE NINTH
In the month OF April Of each year President and d.
ecors OF the Company shall make 10 be ms de- Nv
De proper oncer Of the Company the profits
nd losses OF the Company and also statement all cash
AID INTO the Company premiums for ha
Fecedng twelve months and by whom paid which stafe
shall be verified BY affidavit and hled the papers
the company Tor exame and inform alton parties
be- of, of % omsns ear nom such statements th.t
enses by more than ten cent stock th
resident and Directors shall make dividend the Stock
oides and shall not award premiums t. the nu
r but such percentage Of shall be by the JON
any es reserve fsnd future losses
ut shall appear from such the pro6ts a.
Company exceed its losses expenses than tan
cent OF us capital then the President and Directors shall
serve and set apart portion thereof not than tan sr
mt. nor more than onehalf Of