New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-25

STATE OF LOuIslASA-C1TY OF NEW ORLEANS.
September. D. eighteen hundred and seventy
one. and the ninety:sixt Of the independence Of
the United States Of America, before me. Joseph
city Of New Orleans, duly commissioned and quail
I'D psrsona!y came and appeared Mss.Es Daniel
MANIA SsrRascs coArxSf 81 xE " III Sss
an Incorporated institution Of this city who De.
Of sid company duly called (by thirty DAYS notes
IN two OF the city - required article
Of 5s
1860 the twenty-eghth Of August 1871 the full
threefOurhs Of the stock represented ct said meet
ing approving it Wa unanimously resolved that
the articles contained in said charter be uraltesed
or be 90 amended in the following manner
Article first to remain unaltered.
Article second to remain unaltered.
Article third to be amended % it shall reei The
capital stock Of said company shall be .thre. hun.
thousand shares Of one hundred dollars each which
said capital stock may be increased to the sum Of
i've hundred thousand dollars 800, ooo). here
three hundred thousand dollars is hereby declared
fully paid in IS shown by . statement dated thr-
ty-frst Of March, 1871 adopted BY the Board Of Di-
and the Unanimous consent Of all the stock
holders. which statement 10 embodied in dOcu-
ment on record in the Office Of the undersigned
1871. The President and Board Of Directors arc
hereby authorized to issue certificates for fun paid
stock.
Article fourth to be amended so it shall read:
All the corporate powers of the company shall be
exercised by Board Of Directors, composed OF
third Monday Of January, is:s then each following
year at the office Of the company; notice Of such
election shall be given and continued for ter days.
immediately preceding said election in at least two
newspapers published in this city. The board
shall appoint three stockholders inspectors to pre-
decline OF fail to attend, the president shall ap.
point others to act in their stead. The board thus
elected are to take their seats on the fousth Mon.
day Of the said month Of January, aud to hold
the same year thereffOnl. or until their
successors are elected and qualified. The d.st
6s 81 the sss
Michel, Thomas SchOrr, August Konig H. F.
klumppH znberbier, George Msrs, J. J. Weakening.
mann, R. F. Theurer, t. Hassinger. L. Gaisser,
Louie Rede:, 6. H. Braughn. N. Stern. Louis Grune
until the fourth MONDAY Of January. 1873, until
their successors are elected and qualified. In all
elections the votes shall be by ballot and those
persons receiving the plurality of votes of tho
stockholders present, shall be considered duly
elected, and in the event of no election taking
place on the day aforesaid, the president shall
cause another election to take place within ten
days thereafter, and give notice Of the same -
Aforesaid
Each and every st tckholder shall be entitled.
either in person or by proxy, to vote for each and
every share which he, she they may respectively
hold, up TO the number Of twenty-five. and then to
have one vote for each subsequent five shares
provided such stock 10 owned ninety days prior to
any election.
Article fifth remains unaltered
Article sixth remains unaltered.
Article seventh to be amended 80 it shall read:
sad ee Po %
his election, and during his continuance in Orice,
hold in his own name, or that Of the commercial
house OF which he may be partner. at least ten
shares Of the stock Of said company nor shall any
one be eligible for the position of director of this
company who Isl director in any other fire, ma
rir ryC
Article eighth remains unalfered
Article ninth remains unaltered
Article tenth to be amended 80 it shall read Tho
Board Of Directors shall have power to invest from
time to time. the money and capital Of the com.
pany IN mortgages on unencumbered and improved
real estate situated in this city elsewhere
in every shall be deemed worth at least
double the amount loaned thereon, or in any bonds
or stocks created by or under the laws of the
United states or OF this State or Of the corpora
tons OF this state, OF make loans on pledge OF any
Of the Aforesaid securities. bonds or stock they
by way OF security. or Of stock pledged for secu-
ty or OF property conveyed to them in satisfaction
Of debts previously. contracted, or purchased at
public sale, upon Judgments or orders OF seizure
obtained by said company or Of any property. NOV
able immOvabe. which may have been aban-
dOned to said company for or concerning tho
tanned shall he so construed ~ to authorize the
said company to discount negotiable papers or to
do any other banking operation, nor either directly
or indirectly to deal or trade in buying or selling
movable or inimovable property, goods. wares or
shall have the right to purchase a property or
office therein.
article eleven remains unaltered.
Articles twelve and thirteen remain as amended,
embodied in document on record in the office of
the undersigned notary bearing date the twenty
Article fourteenth to be amended 80 it shall read:
It shall be the duty OF the President and Board OF
Piratlon Of each year OF the company to cause to
De published. in at. least two newspapers OF the
city, and for the term Of at least month, full
statement, under oath, Of the business OF the COM
pany, which statement shall contain
l. The amount OF premiums received during the
previous year. specifying what amount was re re-
what ON marine policies and what OIL RIVER p'"'
cies.
2. The amount of losses incurred during the year.
specifying and designating what amour: OF losses
have been incurred by the different kids OF poii-
cies, as aforesaid.
3. The amount of capital. stating the portion Of
the same invested in securities, aud the nature Oh
the securities.
Article fifteenth remains unaltered
Article sixteenth to be amended 81 II snaii reau
No stock shall be transferred unless sucn transfer
be made on the books OF the COMPANY; no STOCK
s matne to the company are
fully paid ,
Article seventeenth to be amended so !, it. shall
or share of profit from the company without first
paying any and all Indebtedness that may exist (
or share of profit shall he credited to such stock
holder. I
Article eighteenth to be amended so it shall read:
This act OF Incorporation may be modified altered
or amended or the said company dissolved at a yen
=, :. meeting to be convened for that purpose after
fhiffy DAYS notice IN at Least two newsDap.rs pubs
II.het, IN tbs city, and with the assent OF three
fourths of the stock represented at such eetnsF
and any and al! such notifications altera,ion{
amendments or dissolution shall liz recorded arr
published according to law.
Thus done and passed in my Office in said city
presence OF Charles 2. Barry and Euseoe bou:
competent witnesses, who sign this act with SD
lppearerS anu me- notary.
Original signed: D. MICHEL. President u
PRED. DEL BONDTO.
Vice Presiding
Z. AAIEk. Secretary.
=. BouNx. JOSEPH COIN, Notary Publ
l, tae undersigned, Deputy Recorder OF
ages IN and for this city, parish Of Orleans
4 Louisiana do hereby certify that the foresi
ct containing amendments to the Charter OeR
'ermana Insurance Company OF New Oreanf
cen duly recorded in this Office in Book Sea
Ill, folio SOB 81
C. DARCASTEL, Demo,
New Orleans September a. 1871. OF
certify the foregoing to be . true COPY II. Z
riXinal act on Nile aud Of record in my Otnc. j
In faith whereof grant these presents ur' \
ignature and seal OF office, this second Of
|. D. 1871.
JOSEPH COIN. Notary 49,
0c3 10 81 Is 81 E0T