New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-08


" IS isieaed1 d." ~ JOSEPH COIN Notary Pubic.
New Orleans. July 26, 1871. ocs
( QUARTER. ..CHARTER.
STATE OF Lou1s1AxA-C1Tr OF NEW ORLEANS.
Be it known that on this twenty seventh day Of
September; D. eighteen hundred and seventy
one. and the niHety.sixth Of the independence Of
the United States q America, before me. Joseph
COIN notary public in and for this parish and
city Of New Orleans. duly commissioned and quail
sp9
s ssss5t 81 q Xxi
Of said company, duly called by thirty days notice
eighteen Of the charter. executed before the IN.
dersigned notary, on the twelfth day of February.
fourths of the stock represented At said meet
ing approving. it was unanimously resolved that
the articles contained in said charter be unate,ed
or be so amended in the following manner:
Article first to remain unaltered.
Article second to remain unaltered.
capital stock Of said company shall be three hun
bred thousand dollars 800 600 divided into three
thousand shares Of one hundred dollars each which
said capital stock may be increased 10 the sum Of
five hundred Thousand dollars S5o0."o0) as here
ahree hundred thousand dollar. is hereby declared
fully paid in, as shown by q statement dated tLr-
ty-frst Of March, 1871, adopted by the Board of hi
recors and the unanimous CONSENT OF all the stock
holders, which statement is embodied in dOcu.
nent on record in the Office Of the undersigned
1871. TIE Precedent and Board Of Directors are
hereby authorized to issue certificates for full 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
twenty-f -four stockholders, to be elected on the
third Monday of January, 1879 then each following
year. at the Office of the company notice Of such
Immediately preceding said election i'll least two
newspapers published in this city. The board
shall appoint three stOckhO inspectors to pre-
side such elections. and if any of said inspectors
decline fail to attend, the president hall ap.
point others to act in their stead. The board thus
elected are to take their seats the fourth Mon.
day of the said month Of January, and to hold
the same one year theref,om or until their
board shall consist Of the following stockholders
Frederick Del Bondio, A. Elmer Bader, Daniel
KIumppH Zuberbier, George M.rz J. j. Weckeriins,
A. Marks. J. !. Krantz: = Frieda,ider, ". Golden
how n zeiger Php p Mayer DE
Louis Reder, g. H. Braughn. NJ. Stern, Louis Grune-
valid and II. Oertling, who shall remain in Office
their successors are elected and qualified In all
elections the votes shall be by ballot and those
stockholders present, Shall be considered duly
elected, and in the event of no election taking
cause another election to take place within ten
DAYS thereafter, and give notice of the same as
Each and every st ckholder shall be entitled,
either in person or by proxy to vote for each and
every share which he she or they may respectively
hold, up 10 the number of twenty -ive and then to
have one vote for each subsequent 1--WE shares,
provided such stock is owned niuety days prior
Article firth remains unaltered
Article sixth remains unaltered.
Article seventh to be amended so it shall read:
y person shall be capable of being elected direc
tor OF said company who does not at the time Of
his election, and during his continuance in office
house Of which he may be partner. at least ten
shares Of the stock Of said company nor shall any
company who is director in any other fire ma
r1ne or river insurance company.
Article eighth remains unaltered.
Article ninth remains unaltered.
Artlcle tenth to he amended so it ehal read: The
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 st uaed in this city elsewhere which
IN every case shall be deemed worth at least
double the amount loaned thereon. or in any bonds
or stocks created by under the laws of the
United States of this State, or Of The corpora-
tons of this State or make loans on pledge OF any
OF the aforesaid securities, bonds or stock: thew
shall have power to dispose of mortgages obtained
pv way OF security. or Of stock pledged for seen.
lit or OF propt rty conveyed hem in satisfaction
Of debts previously contracted, or purchased at
obtained by said company or of any property lpoy.
able or iimoyable. which may have been aban-
operations Of its business; but nothing herein cor
tanned shall he SO construed as to authorize the
saio company to discount negotiable papers, or to
do any other banking operation nor either directly
OF indirectly to deal or trad i'll buying or selling
movable or immovabe property, goods, wares
shall have the right to purchase a properly or
" Binding for the purpose of establishing Their
article eleven remains unaltered
Articles twelve and thirteen remain as amended
embodied IN document record in the oiiice Of
fourth Of July, 1871.
A5,iee fourteenth to be amended so it shall read
Directors within one month fr"n tb an coss
ias9 }1 o. each year Of the company to cause to
puo ' IN at least two newspapers OF the
clty and for the term of at least one month full
s.a.emen! under OATH Of the business Of the COM
pany: which statement shall contain:
1. ! ne amount of premiums received durnr the
previous year. specifying what amount was re.
ctved for life Insurance. for insurance against fire.
S wat on marine policies, and what on river poll
The amount of losses incurred during the year,
S reeISng and designating what amount Of losses
cies as aforesaid. ~~s Va f
~. inc amount Of capital. stating the portion Of
The sscrr.; Ill securities, and the nature Of
Article fifteenth remains unaltered.
NJ atI sitAtSehth to be amended it shall read:
f snail be transferred unless such transfer
pe made on the books of the company NO stock
m~tiI ~ snaii nave the right to transfer his stock
fully paid. ~ VIC COMPANY NV
article seventeenth to be amended so it shall
read: NJ stakeholder shall receive anv dividend
OF share Of profit from the pany without first
PAYING any and all Indebtedness that NAV exist
N favor of the company. Int any such diyidend
holder. " '"eN ''S
Article eighteenth to be amended 40 il shall read:
MS act OF incorporation may be modified altered
Df amended or the said company dissolved at a GEE.
efal meeting, to be convened for that nurose after
LnrtE days notice in At least twO ne pub-
ssned IN tins city, and with the assent Of three
, UM'ns OF tne ,tock represented at such meeting;
s s,a any anu an such notifications alterations.
uts OF dissolution shall be recorded and
according to law e
nus done anu passed in nv Office in said city IN
,resence OF Charles F. Barry and Eusebe Bouny,
On Witnesses, who sign this act with said
'Ppearers and me- notary
or'slnal signed: D. MICHEL President;
FRED DEL BONDIO
Vice President; !
Cu.. +. MAIER, Secretary.
T. 1Ho.Sx. JOSEPH COIN Notary Public F!
20 :, sae undersigned, Deputy Recorder of Mort I
Sfes IN and for this city, parish Of Orleans, STAG
y AOuslana, do hereby certify that the foregoing
y. containing amendments to the Charter Of tDs L
eI mama insurance Company Of New Orleans, ~ Il
III GUY recorded in this Office in Book SOcleV
C. DARCANTEL, Deputy
We" orleans, September %, 1871.
SesuIy the foregoing to be q true copy OF Wv
IIs'1a! ect ON nile and Of record in my ONCE
~ IAtn whereof grant these presents undetSs
gnstMre and seal Of Office, this second Of Octo'~'
ocs 10 n Is 81 MOI