New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-22
CHARTER. .:........cHARTER.
STATE OF LOC1S1ANA-CITY OF NEW ORLEANS.

CHARTER..... .......CHARTER.
STATE OF LoC1s1ASA-ClTY OF NEW ORLEANS.
Be it known, that on this wen.y;seventh day Of
September, A. d. eighteen hundred and seventy
one, and the ninety-sixth Of the independence Of
the United States Of America, before me. Joseph
city Of New Orleans, duly commissioned and quail
he'd personally came and appeared Messrs. DAME,
Michel president; Frederick De! Bondio vice prssi.
l oF SE y 'f
an incorporated institution of this city, who de-
OF said company, duly called (by thirty days notice
two OF the city newspapers required by article
dersisne. notary on the twelfth day of February
1860 on the twentyeghth Of August 1871, the full
thresfourths Of the stock represented at said meet
The articles Contained in said chxrter be unase 3D.
or be SO amended in the following manner:
Article first to remain unalrered
Article second to remain unaltered
Article third to be amended so it shall read: The
dred thousand dollars y 800 6oo) divided into three
thousand shares Of one hundred dollars each which
said capital stock may be increased to the sum Of
matter provided for. and the above said capital of
three hundred thousand dollars is hereby declared
ty hrst of March, 1871 adopted by the Board of Di-
rectors and the unanimous consent Of all the stock
holders which statement is embodied in docu.
notary. bearing date the twenty fourth of July,
ls7l. The President and Board of Directors are
hereby authorized issue certificates for full paiG
stock.
Article fourth to be amended SO it shall read:
Ali the corporate powers Of the company shall be-
exercised by Board Of Directors, composed Of
twenty.fOur stockholders, to be elected on the
third Monday Of January, 1873. then each following
Year. at the office Of the company: notice Of such
election shall be given and continued for ten days
Immediately preceding said election in ut least two
shall appoint three stockholders inspectors to pre-
side 81 such elections and if any of said inspectors
decline or fail to attend =; the president shall APP
elected are to take their seats on the fouith Mon
day of the said month OF January, and to hold
the same one year therefrom,, or until their
successors are elected and qualified. The first
board shall consist Of the following stockholders
Michel, Thomas Schorr August Kong, II. F.
Si1W%p p zqbe rd George Merz, J. J Wecherng.
mann, R. F. fheurer, 4. HassSser, i. Gaieser seer
Louis Reder, G. H. Braughn N. stern, Louis Grune,
until the fourth Monday of January 1873 or until
their successors are elected and qualified. In all
elections the votes shall be BY ballot and those
stockholders present. shall lie 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 as
Each and every stockholder shall he entitled,
either in person or by proxy to vote for each and
every share which he, she or they may respectively
<,
have one vote for each subsequent five shares,
provided such stock is owned ninety days prior to
Article fifth remains unaltered.
Article sixth remains unAltereJ.
Article seventh to be amended so it shall read:
no person shall be capable of being elected q direc-
tor Of said company who does not at the time Of
his election, and during his continuance in office,
hold in his own name or that of the Commercial
house Of which he may be a partner at least ter
shares Of the stock of said COMPANY nor shall any
one be eligible for the position of director of this
" IN ia ~, at1.Ar
rlne or river insurance company.
Article eighth remains unaltered.
Article ninth remains unaltered.
Article tenth to he amended SO it shall read: The
Board Of Directors shall have power to invest from
time to time, the money and capital of the CON-
pany IN Mortgages on unencum he, Ell and improved!
real estate situated in this city elsew here which
in every case shall be deemed worth at least
double the amount loaned thereon or in any bonds
or stocks created by or under the laws of tht,
United States or Of this State, of the corpora
tons of this State, make loans on pledge OF any
Of the aforesaid securities, bonds or stock: they
snail have power to dispose of mortgages obtained
by way Of security, or Of stock pledged for secu.
rty. or OF property conveyed to them in satisfaction
n debts previously contracted or purchased at
public sale, upon judgments or orders of seizure
able or i,nmovable. which may have been aIIan-
doned to said company for concerning the
operations of its business but nothing herein con.
tame! shall be SO construed as to authorize the
SAID company to discount negotiable papers, or to
DO any other banking operation either directly
or indirectly to deal or trade buyng or selling
movable or mmOvable property goods wares OF
merehandise provided, also tis.t the company
shall have the right to purchase a property or
puii0lnS Ior the purpose OF establishing their
Office therein.
Article eleven remains unal-ered
Articles twelve and thirteen remain as amended
embodied IN a document on record in the Office OF
me Undersigned notary, bearing date the twenty
Article fourteenth to be amended 80 it shall read:
II shall he the duty Of the President and Board of
Diree tors, within one month frcm the close
piration 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 state ent shall contain:
L. The amount OF premiums received during tho
ceived for life insurance for insurance axsinst Ara
what on marine policies, and what river psA-
cies.
2. The amount of losses incurred during the yeer.
specifying and designating what amount Of losses
have been incurred by the different kinds Of poll
, B. The amount Of capital. stating the portion Of
ne same invested in securities, aud the nature OF
Article fifteenth remains mastered
- article sixteenth to be amended so it shall read:
20 stock shall be transferred unless such transfer
be made on the books Of the company; no stock.
holder shall have the right to ralsfer his stock
antil his natured obligations to the company arc
Article seventeenth to be amended 30 it shall
-ead: No stakeholder shall receive any dividend
'r share Of profit from the company without frst
paving any and all indebtedness that may exist
u favor OF the company, but any such dividend
II share Of profit shall be credited to such stock
Article eighteenth to be amended so it shall read:
This act of incorporation may be modified, altered
II amended or the said company dissolved at gen.
raj meeting, to be convened for that purpose aftex
hirty days notice in at least two newspapers pub
shed in this city, and with the assent Of three
0urths of the stock represe nted at such meeting
nd any and all such notifications, alterations
amendments or dissolution shall be recorded and
'ublished according to law.
Thus done and passed IN my Office in said CITY in
resence of Charles F. Barry and Eusebe Botiny
ompetent witnesses. who sign this act with aad
e.
Original signed: D. MICHEL, President:
FRED. DEL BONDIO
Vice President;
E. MA1ER Secretary.
3. Bors1. JOSEPH COIN Notary Public
l, the undersigned, Deputy Recorder Of Mort
ages In and for this city parish Of Orleans. STATE
Louisiana, do hereby certify that the foreeoinx
ct containing amendments to the Charter Of tl,e
ermania Insurance Company Of New Orieans hes
cen duly recorded in this office, in Book Society
III, folio 500.
c. DA1CANTEL, Deputy.
New Orleans, September "a, 1871
Ses15iy the sSreeoing to b . true copy Of tho
7 gl9a! ACT on He and Of record in my Office.
IN faath whereof grant these presents under ny
enatnre and seal Of Office this second Of Octo1oG,
JOSEPH COIN. Notary Public
oc8 Is 81 Is u NOT