New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-11-01

toigaedl JOSEPH COIN, Notary Public.
New Orleans July rs. 1871. oc8
4 HARTER............ ..........CHARTER.
STATE OF LoUIslASA-ClrY OF NEW ORLEANS.
Z Re it known, that on this twenty venth day Of
and The u ne sas q
the Cntted States Of Americas, before me. Joseph
81 IN and for this and
Michel president; Frederick lei Bondio, vice presi-
S1 ef t see5 81 INV y IL
an incorporated institution Of this city, who de-
cassd that at meeting q the stoc. holders
in two OF the city newspapers required by article
eighteen Of the charter, executed before the un-
1866 the twenty eighth Of August 1871, the full
threfourths Of the stock represented at said meet
the articles aimed in said CHARTER be unsiss. ed
OF be - amended in the following manner:
Article first TO remain unaltered. ..
Article second to remain unAltered.
Article third to be amended 20 It shall read: The
capital stock Of said company shall be three hun
wScS
i've hundred thousand dol Iars ts0e, COY a. here
mater provided for and the above said pital OF
three hundred thousand dollars u hereby declared
fully paid in, .. shown BY statement dated thir
rectors aud the unanimous consent Of all the stock
holders. which statement is embodied in dOcu-
ment on record in the office Of the undersigned
notary. bearing date the twenty fourth Of July
1871. The President ard Board Of Directors are
hereby authorized to issue certificates for full paid
Article fourth to be amended so 1t shall read
AL 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
immediately preceding said election in least two
newspapers published in this city. The, board
side a, such elections and il amy OF said inspectors
decline or fail to attend, the president shall ap
point others to act in their stead. The board ths
day Of the said month Of January and to hold
the same one year kfrom. or until their
board shall consist Of the following stcckholders
Frederick Del BOndiO A. Elmer Bsder, Daniel
Kksns T1 zs4s SeisoT AMnguss kT1s H
A. Marks, J. F. Krantz. < Friedlander, w. Colder.
bow, F. zeiger. Philip 2; Mayer, P: v. Diel-
Louis Reder. G. H. Braughn, NJ Stern. Louis Grune-
valid and ~ 0ertling, who shall remain in Office
until the fourth Monday Of January 1873 or unit,
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 as
aforesaid.
Each and every stakeholder shall be entitled,
every share which he, she they may respectively
hold, up to the number 09twenty.five and then to
have one vote for each subsequent five shares
provided such stock is owned ninety days prior to
any election.
Article fifth remains unaltered.
Article sixth remains unaltered.
Article seventh to be amended 80 it shall read:
No person shall he capable Of being elect di,ec
his election, and during his continuance in office,
hold in his own name, or that Of the commercial
house of which he may be Q partner at least ten
IlQr nT Al.
one be eligible for the position Of director OF this
company who is q director in any other Are, ma.
rine or iverinsurance company.
Article eighth r. mains unaltered.
Article mint remains unaltered
Article tenth to I've amended SO it eha! read: The .
Board Of Directors shall have power to invest from
time to tinle the money and capital of the COM
pany in mort cages on unencumbered and improved !,
real estate, Sit uated 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 or under the laws of the
United states or OF this State, Of the corpora
tOns Of this State, or make loans pledge Of any
Of the aforesaid securities, bonds or stock: they
by way of security. or Of stock pledged for secu-
rty OF Of property conveyed to them in satisfaction
Of debts previously contracted. or purchased at
obtained by said company. or Of any property. NOV
able or immovable. which may have been aban
operations Of its business; but nothing herein con-
tanned shall be SO construed a. to authOrize tho
said company to discount negotiable papers, or to-
or indirectly to deal or trade in buying selling
movable or imInovabe property, goods, wares OF
shall have the right to purchase q property or
building for the purpose Of establishing their
ONCE therein.
Article eleven remains unaltered
Articles twelve and thirteen remain as amended
embodied in document record in the office OF
the Undersigned s notary, bearing date the twenty
Article fourteenth to be amended 20 it shall read:
II SHAH be the duty of the President and Board OF
"n fsnp ufn
piration of each year Of the company to cause 10
he published, fin at least two newspapers OF the
statement under oath. Of the business of the COM
psny which statement shall contain:
l. The amount OF premiums received during the
previous year. specifying what amount was
celved tor life Insurance. tor insurance against fire,
what on marine policies aud what On river poll
= The amount of losses incurred during the year,
specifying and designating what amount OF losses
have been incurred by the different k,Lds of poll
B. The amount Of capital stating TIE portion Of
the same invested in securities, and the nature Of
Article fifteenth remains unaltered.
- Article sixteenth to be amended So it shall read:
be made on the books Of the company; stock
holder shall have the right to transfer his stock
until his natured obligations to the company
fully paid.
Article seventeenth to be amended SO 1t shall
read: M stakeholder shall receive any dividend
or share Of profit from the PAW without first
paying any and all Indebtedness that may exist
in favor of the company, but any such dividend
Or share of profit shall lie credited to such stock
holder.
Article eighteenth to be amended 80 il shall read
This act Of incorporation may be modified altered
OF alneLded.0r the said company dissolved at gen.
rra meeting, to he convened for that purpose after
thirty DAYS notice in at least two newspapers pub
shed in this city, and with the assent of three
lourfhs OF the stock represented at such NEE ting
and any and all such notifications, alterations
amendments OF dissolution shall be recorded and
published according TO law.
Thus done and passed in nv Office in said citv in
presence OF Charles +. Barry and EuseDe Benny
competent witnesses, WHO sign this act with said
appearers and me notary
or'SiAai signed: D. MICHEL, President;
FRED. DEL BONDlO
Vice President
+ MAIER, Secretary.
+. BoUSx. JOSEPH COIN No+arr prh,;c
J. the undersigned, Deputy Recorder Of Mort
cages IN and for this city, parish OF Orleans state
D! louisiana do hereby certify that the foregoing
act containing amendments to the Charter of the
'efmaniS insurance Company Of New Orleans, hae 80
Dssn 1uiy recorded in this Office, in Book Society
C. DARCANrKL, Deputy
New orleans, September "a, 1871. -.-l
certify TIE foregoing to he true copy Of the.
original act on ile and If record In my Office
In faith whereof grant these presents under nv
signature and seal Of Office this second Of Octobey
A. D. 1871.
ocS 70 p Is 81 MOI