New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-02-03
ACT o.: INCORPORATION OF THE
HOPE LIFE INSURANCE COMPANY
or NEW ORLEANS
O.hcr-No. 10 CarOndelet street. New
Or!enns.

| Orleans.
! STATE LOUISIANA.
| Citv of New Orleans
r.. II know, Ma. on the thirtieth day OF Decei''
| Der in the year OF oar Lord thousand, tlSht
| hundred am. seventy. and the ninety NTH OF ,he
| independence. OF the United states OF America, be-
for. me. Js-epii Cohn. Il notary pubi'c LOT 'iiis
pari, andci of New Orleans. duly commissioner
| and sworn and III the presence of the witnesses
| hereinafter named and undersigned, personally
and appeared tine parties whose names , are
| hereto subscribed. who declared thar, aF:tiH :
| themselves of the provisions OF an act OF ,he L
lt,ir. OF thi. State entitled An act Tor the of"'hi'
zaton of corpora: ions Tor works OF pune h'Pio't
mont and utility" approved ON the fourteenth OF
March, 1855, they do by these presents bAid them
selves. and those whom they represent as well as
those who mav hereafter become members, 10
! form body corporate. for the objects and pur-
| poses, and under the sripulations following:
ARTICLE I.
tn. name Of TIM, corporation shall be The Hope
Life. Insurance Company New Orleans. and its
.omlcilt j., hereby established i'll the city OF New
! Orleans.
! II snail commence business As soon rs the of
! fifty thousand dollars has been subscribed for
| and shall exist for "A period of TWENTY-FIVE years
from the date herco: and shall have aud use cor
portc seal having ioG an inscription t!'e name OF
ARTICLE H.
The object and purposes OF thi. corporation are
hereby declared to b.. to make insurance on the
lives of children from dat" of birth, guaranteeing
| to them at a certain age adequate amount of
capital from 500 to y 70 COO on such terms and
such rates the Board OF Directors ma. from time
to time determine.
ARTICLE III.
All citations. notices and other lega! proceedings,
wherein this corporation may be Interested shall
be served on the President, who shall ie appointed
IN the manner hereinafter prov lded
ARTICLE ".
The capital stock Of the company shall y"
hundred thousand dollars Is 100 onh), divided into
thousand tio"o silar,, OF one hundred dollars
each 20 be paid 10. AT the time and in the manner
following, to wit:
Tho Subscribers 20 the stock of the company
shall pay into the hands of the President of the
co,nn,ly upon the .:anzatiou The com ;tnv for
business, the OF five dollars SO III cash on
ca' and every share subscrit>d BY them, and five
dollars 50, thirty days thereafter, and eacl! sub
-crTcr to stock shall furnish his note, payable
demand, foc ten N"j per centum OF the amount of
his subscription, and for the remaining eighty
dollars o0 on each sa1e they shall furnish their
notes to the oide! OF 'he company payah'e at tue
office of the company at such time and in such
provided that t!.r same shall be made payable by
instalnents OF not more than twenty dollars 12O)
On Zach share =; "rsh i..IIo's as may be agreed
upon by the B"aru OF Directors, and thirty l,Hl
dav, notice shall be gwen in the English, German
and French Languages III three daily newspapers
published IN :1!s city, OF payment! or lA'Ment> to
ARTICL,v
A.. til" corporate powers of III" company shall De
.N-rci.c! the Eoars. OF Directors composed vi
twelve $50, khoi,ir,> To be elected on the second
Monday OF January n each year, at the Office OF
the COMPANY.
Notices of suci, .-ction shah W. given and
timed tor ten day. immediately preceding said
election, III III. English, German and Wrench
The Board Of Directors shall appoint three
ochhol,ei- inspectors 10 preside At such elec
,i"n-, and il any "t said n-lect"rs decline or fail
to attend the President of the company shall ap
point Others t. act III ihci stead
81" board thus elected are to take their seats on
the third Monday .! the said month OF January,
and 20 hold the sam" one YEAR thertflom or until
their lee ted and qualified; but for
the present, and until the third Monday of Jan
u.rI eighteen hundred and seventy, two ll3;2) the
following named stock hodeis arr desarei 10 he
thu Board OF Directors al t.le company, and they
AIt dul. authorized. t" a.t - such, t" wit:
Wlt'ain Bn.,' Aug. Des>onncs,
EnIniilick lrbas aiistave Moses
iIjI-o K. .l"f., f.ed. otto
NJ WaSnri 'hnrles BaqHie,
Aired SHAW william s. PIKE.
L.. . elections .h. .".r- shall h. by la hot and
those persons l-cci.in@ tine plurality OF votes OF
A>tockho i.Is vrtin-. shall be considered duly
p.,. the it. Aforesaid. the President shall
.lIt7e anoihr. .!-ction 10 be- held ten G0) DAYS
:h'rrat'c. ana -.'e ""ij'e Thereof al, afor~ said
ten DAYS.
A al. meetings ,he stakeholder. snail entitled
'itL"r III person o.: ~ proxy. 10 one vote for each
and every s!..le OF >toe < he. she or they may
-I-ctiy-!v hole i'll their own name for, at least.
-iN'r ''{- precious :" lection prov i'i"d that
hc VII. have held rs storh the book, OF the
company ~ .'aas si>'v DAYS previous 70 such
meeting.
AZ tie cxpi,.'io: of the charter Of al" company
II ordered b, q vote o, the stockholders,
- hereinafter provide tor. III" affairs of the com
charge. and .uprrInt Evidence of thre. commits
.onrr. t" he appointed by The Board OF Directors.
.n'! y no snail :"nl.n IN office until Vie hna SET
t.'n.nt ut :ii" ...i,!l1, OF the company.
ARTICLE W.
The ;;c.' .: Director. shall, ~ ,l-r ,irst meet
IN. IN rTcrv yc'.. eject from among themselves
.. ~. ,.drnt and 'j..Er.>i.i.nt who shall hold
their ".'. mt! th,V successors shall u. elected
ARTICLE VII
\" i,e.-on .i.iI De capable OF hciu. elected
director "i le '"G.ran. "h" doe, not, al the time
-! his election and during his continuance in ohcc
ho.i in hi- own name u. ..a, t~ent. shares oi ;hs
stock q; :h' COMPANY
ART.CLs VIII
III. Eoari "r Directors shall h.v. ~. uo~..to
ar?"!i4, .l,i others, clerks and employees shall
b. necessary Toy the conducting OF the business OF
SAL COMPANY. sai rD ogdain such bylaws. rules
and regulation. y, they may deem necessary for
IA: government 0i the company. provided til.
-hal. not conflict with the laws Of this State and
H. provision, and meaning OF this act
They shall. ii the ,n-itnn OF saVi", of the
officers clerks and employees elected, and .rpoy.d
rv III. III 'l.r service OF the company and shall
also ..y- DOVE: - Ill all vaca.i..s w.,.I may
".c" IA ti!sl ."A.' ~ III thcI presidency.
ARTICLE N.
the rr.-itat ..nd Secretary .f the ,,in,..,l~
.i!s!! ign -. Icl!.!t> Of Insurance issued by NE
'onpany. r." former sll.! preside at all meetings
OF III" Board ~ Directors. and h. shall conduct
and man. 20 fir CUISINES, -. the company generally
,d'E :!'e supervision vi me Board of Directors.
preside a: AL meetings oi he Board OF Directors
and IN ~. ,h-.!l.. both tn. hpsr. shall elect
o.. ~ '.l":I un I'' Who's. ac'- Pr. .et. :,:o
;'.h. >.is. t"' >r4 .. ~ III" COMPANY.
ARTICL.: n
20 i:ri,i ~ Directors shall! h,y. rn~.- :" II.
yes: ON '!;ne :" time. th. funds oi IA. ,ompaf,
proved real estate ".t,a'. II thls city, which in !
.".:: "a-" cad. " "orfl, least .iounIe the !
;,n"uI. .canrd thereon. They $50 invcs, tn.
r:0flts ~: ;it company III bonds ~ stock |;
Irattd ny % unh": We laws of ths United stat,
a. CT ms STATE. ~ ., corporations q" this State
nor. hut