New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-31

lsignsdl Joseph COIN, Notary Public:
4 !HAATEH. ......................CH ART8R.
STATE OF Lou1slASA-CrrY OF NEW ORLEANS.
Be it known, that on this twenty.seventh day a
September. D. eighteen hundred and seventy
one, and the ninety sixth OF the independence IL
Cohn, . notary. public in and for this parish snd
city Of New Orleans, duly commissioned and quail
snd
an erals ses :zsss1reaEY y III
at Of city
in two Of city ne1spapers Is required BY article
designed notary on the twelfth day e Of ssSr1sly
1866 on the twenty -eighth Of August 1884, the full
Of the stock represented 1t said meet
the articles contained in said charter be unalte Cd
CT be 50 amended in the following manner:
Article nrst to remain unaltere1. &C.
Article second to remain unsltered.
Article third to be amended 90 it shall read The
S Ssps ssos1 q said shall Be- three hun
thousand shares Of one hundred dollars each which
said capital stock may b. increaeed to the sum Of
nafter provided for and the above said cspital OF
three hundred thousand dollars is hereby declared
fully paid il, ., shoEn By statement dated thi.-
recfOrs and the unanimous consent of al the stock
holders which statement 10 embodied in . dOcu-
notary bearing date the twenty fourth Of July.
1871. The President and Board Of Directors arc
hereby authorized to issue certificates for full paid
Article fourth to be amended 50 it shall read:
An the corporate powers Of the company shall BE-
twenty. four stockholders, to he elected on the
third Monday Of January, 1873, then each following
year, at the office Of the company; notice Of :uch
Immediately preceding said election in 1t least two
newspapers published in this city. The board
shall appoint three stockholders inspectors to pre-
side such elections. and if any Of said inspectors
decline or 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 fourth Mon
day OF the said month Of January, and to hold
the same one year therefrom. or. until their
board shall consist Of the following stockholders:
Frederick Del Bondio, A. Elmer Bader Daniel
k Michel Thomas ao1s4s sesos august K1ps
A. Marks, J. F. Kranfz. s. Friedlander W. Golden
bow, F. n. Zeigler. Philip D: Mayer, p. ". Disl-
Louis Reder, G. H. Braughn, NJ Stern, Louis Grune-
valid and H. Oertling, who shall remain in office
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
persons receiving the plurality of votes Of the
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 stakeholder shall he entitled.
every share which he She or they may respectively
hold up to the number Of twenty five. and then to
have one vote for each subsequent five shareA
provided such stock Is owned nuety days prior to
any election.
Article fifth remains unatered
Article sixth remains unaltered,
Article seventh to be amended 50 it shall read:
No 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 ONCE
hold in his own name, or that Of the commercial
house Of which he may be . partner at least ten
snares o. ne stock Of said COMPANY nor shall any
company who isa director in any other fire, ma
rine OF river insurance company.
Article eighth remains unaltered,
Article ninth remaius unaltered
Article tenth to be amended 90 1t shall read: Tie
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 or elsewhere which
in every case shall be deemed worth at least
double the amount loaned thereon, or in any honda
OF stocks created by or under the laws Of tho
United states or OF this State, Of the corpora
Of the Aforesaid securities, bonds or stock: they
shall have power to dispose Of mortgages obtained
y to Is Ss
Of debts previously contracted, purchased ct
public sale, upon Judgments or orders Of seizure
able or immovable which NAV have been aban-
doned to said company for or concerning the
operations Of its business; but nothing herein
tanned shall be 90 construed Is to authorize the
said company to discount negotiable papers, to
do any other banking operation. either directly
movable or immOvable property, goods wares OF
merchandise; provided, also, that the company
shall have the right to purchase . property or
building for the purpose Of establishing their
office therein.
article eleven remains unaItered.
Articles twelve and thirteen remain az amended,
embodied in document on record in the ONCE oi
the undersigned notary, bearing date the twenty
Arric f0urf <<b
II shall be the duty Of the President and Board Of
Directors, within one month from the close or ex-
be 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 corl-
pany which statement shall contain:
L. The amount OF premiums received during the
previous year specifying what amount was 70.
ceved for life insurance for insurance against fire.
what ON marine policies, aud what Oh river pSli-
cies.
T. The amount of losses incurred during the year,
specifying and designating what amount Of lOsses
have been incurred by the different kids Of poll
cies, aforesaid
the same invested in securities aud the nature Of
the securities.
Article fifteenth remains unaltered.
Article sixteenth to be amended so ii shall read:
No stock shall he transferred unless such transfer
be made on the books OF the company; stock
holder shall have the right to transfer his stock
fully paid.
Article seventeenth to be amended 80 it shall
or share Of profit from the company without. first
paying any and all Indebtedness that may exist
in favor Of the company. but such dividend
Or share OF profit shall be credited to such stock.
holder.
Article eighteenth to be amended 80 it shall read
This act of incorporation may be modified altered
Or amended or the said company dissolved at zen.
raj meeting, to be convened for that purpose after
thirty DAYS notice in at least two newspapers pub
lshed in this city, and with the assent Of tfree-
Ourths of the stock represented at such meeting.
md any and all such notifications, alteratiOns
or dissolution shall be recorded and
published according to law.
Thus done and passed In my office in said city in
presence Of Charles p. Barry and Eusrbe Hn;,nv
competent witnesses, who sign this act with sai
lppearers and me, notary.
Original signed D. MICHEL, President.
FRED. DEL BONDIO.
,. Vice President;
E. MAIER, Secretary
+. BorNx. JOSEPH COIN Notary Public.
i, the undersigned, Deputy Recorder of Mort
ages IN and for this city, parish OF Orleans state
u Loulsiana do hereby certify that the foreeoinr
ct containing amendments to the Charter Of the
'ermania insurance Company of New Orleans, has
zen Iuiy recorded in this ONCE, in Book Society
C. DARCASTEL. Deputy.
New Orleans, September %, 1871.
certify the foregoing to be . true CODY OF thu
EiXi1al act on file aud Of record in my ONCE
IN faith whereof grant these presents under nv
agnature and seal Of Office, this second Of October
!. D. 1871.