New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-18
CHARTER .........:...........CH CHARTER.
STATE OF LOUISlANA-ClTY OF NEW ORLEANS

QUARTER .....................C CHARTER.
STATE OF LOUlSlASA-clTY OF NEW ORLEANS
Be it known, that on this twenty seventh day of
September. d. eighteen hundred and seventy
one, and the ninetysixth of the independence Of
the United States Of America, before me- Joseph
city Of New Orleans duly comms.ons ones and aua
Michel president; Frederick lei Bondio vice presi-
MANIA iSsURAScE COMPANY ANY OF NEW ORLEANS t
an Incorporated institution Of this city, who de-
Of said company, duly called Thy thirty days notice
in two OF the city newspapers as by article
o. ,e IT, st 70 the 1
1860 on the twenty ghth of August 1871, the full
threefourths OF the stock represented at said meet
the articles contained in said charter be unate: ed
or be so amended in the following manner:
Article fret to remain unalfered.
Article second to remain unaltered.
Article third to be amended SO 1t shall read: The
capital stock Of said company shall be three hun
dred thousand dollars 800 OO) divided into three
thousand shares Of one hundred dollars each which
said capital stock may be increased to the sum Of
five hundred thousand dollars 5 500 OOO) az here
matter provided for and the above said capital Of
three hundred thousand dollars is hereby declared
fully paid in, as shown by statement dated thir
rectOrs and the unanimous consent of all the stock
holders. which sta tement is embodied in dOcu-
notary: bearing date the twenty fourth Of July,
1871. The President 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
twentv-1Our stockholders, to he elected the
third Monday OF Jdnlaly, 1873, then each following
year. at the office of the company; notice of such
election shall De given, ard continued for ter days.
immediately preceding said election in at least two
newspapers published in this city. TIE board
side such elections and II any of said inspectors
decline or fail to attend. the president shall ap
point others 10 act in heir stead The board thus
elected are 10 ia ke their seats on the fourth Mon
day OF tbs said month of January, and to hold
the same one year 1herefiOm. or until their
successors are elected and qualified. The first
board shall consist Of the following stockholders:
Frederick Del Bondio. A. Elmer Bader, Daniel
Michel Thomas 1an. Sehorr august K9pis H
A. Marks, J. +. Krantz. \. Friedlauder ". Golden.
bow, F. n. zeigler. Philip D. Mayer P, W. Del-
Louis Reder, G. H. Braughn NJ. stern. Lou- Grune.
valid and II. Oertlins. who shall renaiL in Office
until the fourth Monday OF January, 1919, or until
their successors are elected ami qualified In all
elections the votes shall be by ballot ard those
persons receiving the plurality of votes Of the
stockholders present, shall be considered duly
elected. and in the event of election taking
place on the day ;.furesaid, the president shall
cause another election to take place within ten
days thereafter, and give notice of the same as
aforesaid.
Each and every st ckholder shall be entitled,
every share which he, she they may respectively
hold up TO the number OF twenty-five. and then to
provided such stock is owned niuety DAYS prior to
any election.
Article fifth remains unaltered.
Article sixth remains unaltered.
Article seventh to he amended 80 it shall read
NO person shall I've capable of being elected direc-
tor OF said company who does not at the time Of
his elect on, and during his continuance in office,
hold in his own name. or that OF the commercial
house of which be may be partner. at least ten
one he eligible for the position Of director of this
company who isa director in any other fire,
rine or rvtr insurance company.
Article eighth remains unaltered.
Article ninth remains unatered
Article tenth TO lie amended SO it shall read: The
Board of Directors shall have power to invest from
time to time, the money and capital of the COM
pany IN mOrfs cages Oh unencumbered and improved
real estate, Sill uaed in this city elsew here which
in every ease 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 tnis State. of the CORPORA,
tons OF this state, or make loans pledge of any
OF the aforesaid securities, bonds or stock: they
shall 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
of debts previously contracted, or purchased at
public sale. upon Judgments orders of seizure
obtained by said company. or of any property mov-
able or immovable. which may have been aban.
doned To sald company for concerning the
operations OF It's business; but nothing herein con-
tanned shall De SO construed as to authorize the
said company 10 discount negotiable papers, or to .
90 any other banking operation either directly
or indirectly to deal or trade in buying or selling
movable or linhovabe property, goods, wares
nIitrTGhahaiise; provided, Also that the company
snail have the right to purchase a property or
Office therein.
article eleven remains unaltered
Articles twelve and thirteen remain as amended
embodied III document Oh record in the office Of
ne undersigned notary, bearing date the twenty
article fourteenth TO be amended so il shall read:
II shall he the duty of the President and Board Of
piratloi OF each year of the COMPANY TO cause to
ne punished, in at least two new spaptrs of the
ctE aud ior the term of at least one month, full
statement under oath. of the bushes, OF the com.
pahy Inch statement shall contain:
!. me amount Of premiums received during the
previous year. specifying what amount was
telved for life Insurance. for insurance against fire,
what on marine policies. and what OIL river poll
g. The amount Of losses incurred during the wear
sp~cifylng aud designating what amour, of losses
have been incurred by the different ads OF poll
B. The amount of capital stating the portion of
he same invested i'll securities and the nature Of
he securities
Article fifteenth remains unaltered.
Article sixteenth to be amended 50 1t shall read
10 stool shall be transferred unless such transfer
De made on the books of the company; no stock
iO,der shall have the right to transfer his stock
until his matured obligations to the company
ullv paid.
Article seventeenth to be amended so it shall
cad: NJ stockhoider shall receive any dividend
IT share of proht from the company without first
,aying anv and all Indebtedness that NAV exist
Il favor of the company, but any such dividend.
r share of profit shall be credited to such stock
Older.
Article eighteenth to be amended so it shall read:
his act of incorporation NAV be modified altered
7 amend+dor the said company dissolved at gen.
raj meeting to be convened TO. that purpose after
hirtv days notice in at least two wspapers pub
shed in this city. and with the assent OF three
'urths OF the stock represented al such meeting.
I'd any anil all such notifications alterations
mendmeuIs or dissolution shall be recorded and
ubshed according to law.
Thus done and passed in my Office in said CITY in
resence OF Charles F. Barry and Eusebe BotIny
witnesses who sign this act with said
opeaTers and me, notary.
or'siual signed: D. MICHEL, President;
FRED. DEL BONDIO
Vice Pre- sidens,
o. Z. MAlER, Secretary.
+. BorNx. JOSEPH COIN. Notary Public.
l. the undersigned, Deputy Recorder of Mort
iges IN and tor this city, parish of Orleans State
louisiana, do hereby certify that the foregoing
:. containing amendments to the Charter of the
ermania Insurance Company of New Orleans. has
ILL., folio sos.
c. DARCANTEI, Deputy.
New Orleans, September %, 1871.
certify the foregoing to be true copy of TIE
Sinal act ON file fud of record in my office
III 1aith whereof grant these presents under my
Snature and seal of office this second of October
b. 1911.
JOSEPH COIN. Notary Public
Ocs 70 81 Is 81 uo7