New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-19
CORPORATIONS
ACT OF INCORPORATION or THE
HOPE LIFE INSURANCE COMPANY
OF NEW ORLEANS.
Ofiice-No. 10 CnrOndelft Street, New
Orleans.

Of,ice-No. 10 Cnrondeiet Street, New
STATE LorIslANA.(
CITY OF New Orleans.
Be il known, that on the thirtieth day OF Decein-
Der in the year of our Lord one thousand, eiEht
hundred ami seventy and the nincty-ffth OF the
independence of the United States OF America ne
fore me, Joseph COIN, notary puDnc TOT this
parish and city of New Orleans, duly commissioner
and sworn and in the presence Of the witnesses
hereinafter named and undersigned, personally
came and appeared the parties whose names are
hereto subscribed. who declared that, awning
themselves of the provisions OF an act o, .ne
zatOn of corporations tor works OF pnDiic improve
ment and utility" approved on the ioultsen t Oh
March, 1855. they do by these presents bind them
selves and those whom they represent, as well as
those who may hereafter become members, to
form Il BODY corporate. for the objects and plr-
poses, and under the stiulations following:
ARTICLE I.
Til. name Of this corporation shn. he The Hope
Lift. Insurance Company of New OIlcaus, and lis
,lomic.lt is hereby established in tho city OF New
Orleans
fifty Thousand dollars has been subscribed Tor.
and slsll, exis: for period of twenty five years
from the date hereof and shall have and use cor
poratc sea- haVin. tor an inscription i.ie i"1He q"
the corporation.
The obi .ct and purposes OF this corporation are
hereby declared 10 be. to make insurance" on the
lives o! children date of birth, giar.nt"ein.
to them at ii certain age an adequate amount OF
capital from $500 to ! 10 300 such term, and at
such rates the Board OF Directors ma from time
'''' N ARTICLE III.
All citations notices and other Legal proceedings.
wherein this corporation may ne Interested snail
b.. served on the President who shall be appointed
in the n,aIe: hereinafter provided.
ARTICLE ".
The ca3ita. stock of the company sna.: hr one
hundred thousand dollar, 800. 600, divided into
one Thousand (!o0o, shares OF one hundred dollars
each. Ia be paid for at the time and III the MANNER
following. 20 wiz:
The subscribers to the stock of the company
shall pay into the hands OF the President OF the
company upon the organization OF the company for
business the sum of five dollars $50 i'll cash on
each and every share subscribed by them. and hve
dollars S5j thirty days thereafter, and each Sub
scriber stock shall furnish his note. payable on
demand. for ten (V per ce!lttim OF me amount OF
his subscription. and for the remaining eighty
dollars seq each share they shall furnish their
to the order OF the company, payable at the
ofiic. of the company at such time and III such
the Board of Directors may determine;
provided that the same shall be made payable by
inst ailments OF not than twenty dollars 500
each share nj such periods as may ne agreed
upon Nv tine Board of Directors. and thirty (3O)
DAYS notice shall ne given i'll the English, German
and French lan. uages, III three daily newspapers
published in this city. OF payment or payments to
be made.
All the corporate powers OF the company ,ha, be
exercised in the Board OF Directors, composed o;
twelve Stockholders, 10 ne elected on the second
Monday OF January ii each year. at the Office OF
the COMPANY.
Notices OF such .lec-ion shall We given and con
,nu,l. 'oi va - "a ki;Hh 1;,,nnP and :rri
languages
me n9iin '" 1890 81 r,,l .I.
t", Nv ~ =, sd ;n.,sictors Jrcnr or fail
To attend i'm. President of the COMPANY shall ar-
point Others TO act in their stead
The boar thus elected are 10 take their seats on
the third Moniay OF the sa!H month o. January
and 10 hold the same one year 'heIion1' o uit'l
.ll'ir 'I -, ~ ~ W ~ Nv ,U
,,.rv ;,,,,t.u hurdr.d and ,,yrnty,wn iIy1l) tht.
following named tockhohl.r, are declared b..
! the Bon!i Of Directors OF the company. and they
| ar. d,,iy authorized TO ac. as such. TO wit
William 6o-ti. Au-. DecsoIumc>.
Doniniok Urban. 'iustave Nose
| I''To n.'"',S' ' go - f,,i
| ,,,d So " VIVIAN \ ,,it,
. Sn.man ! ( g. Pnr,,n,n
Mi; .;,.,, -. .... .,,,iI -. " L,ijn. AMI
49,, ,,.-,n. r.,.vin,, III. ,,,roIi.y of yo,,. oi
tha tG"-, yo.iiis shall he considered dni.
| i.J a,,i IN W.. ..I.n. az no ,lrct.on t,,iu.,
,i,.,, -, ~. I,,. ,.or..,il the President shall
rrnns. anotn.. ,e,tion 1n h.. held ZEN 90, DAYS
tS.r,,t,rr and i've ;o.jc- thea. A, aforesaid
. - " So
a. Al rpc.,;,r. in, shareholders snail c entitled
either N ,,rs,, or bv PROXY. to one vote Tor each
| and every share o. stock he she they MAY
spcct;ye' hold n ,net own nam" .ori a. i' ,
SKY ~, prev '",!@ i" So" 80 On w. ',
10 $40, hio'et s.t De pei mn ',A 10 ~ -. -.
ne VIA nave .ie.n Ms SOC" Oh I'VE o'"Ns "a ny
company AT iea>t s!A'N ohSs p'r>'o'' ~ s"''
meeting.
Al expiration "i 'ne 'ni. ray. -. m ' I'm W,
| ~! SooiIti "a ~ W., Va
rs hereinafter rr"Eld.d 10: tN a'I "i .iie co
PAM shall be hluioated i's deo.s i,ai uiutt ,ne
'.i -ts anu sup. nv. ny i ~ par; -, D;rr,n,
," So 70 ,.m,iu in Office Wntij ,;,s ma! SCI;
! ,.n-u; OF the altaiis of the cOin2ans.
ARTICLE "
- .
| itP h"ain % 'ii'''o's s'.i' a, ''' - ~ - 49,,
III: II every wear ri''' li"i" a.h'i- ny m
fI"silen' ana :, wee -ft',t''' ~'i n sI' nl'
t.clf once '!1' 'Ac' Su''eS''tS ''''A u" s''N&'
ARTICLE VII.
A.
I;-c,,r NJ IN. rnmnany Who doe. not AZ the t;m.
M IN. I.c,ou and duriur his outiu,l3uc. in Office.
GniJ !, hi. ouu nam. ,t ras, twenty share. of tn.
-, ~, H.. .,r,uan,-
| ~ " " ,-r,c,, wv,
ARTICLE VII.
| TIL. Boar, of Directors shall have the power to
appoint such officers. clerks and employees shall
~! necessary for the conducting of the business of
| said COMPANY and to Ordalu such bylaws. rules
and regulation as they may deem necessary for
the government of the company, provided the same
shall not conflict with the laws OF this State and
| the PROVISIONS and meaning of this act.
Thev shall !iN the compensation of salaries OF the
officers clerks and employees elected and employed
| by them In the service of the company. and shall
| also have power TO nil all vacancies which NAV
occur in their board OF in their presidency.
.pTICIE N
The President ana secretary oi .he company
shall sign an Eohcies OF insurance ISSUE" ny tie
COMPANY The former shall preside al an meetings
and I'm mana%r the business of the company generally
under the supervision OF the Board of Directors
In ease OF his absence. inc |lce-rItsldtnt sha
! preside at all meetings OF the Board OF directors
and in the absence OF both the board shall elect
one OF their number. whose acts as PRESIDENT pro
TEN. shall he bindiu. on the company.