New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-04-29

g: DARCANTIL, Deputy. !.
CHARrER. '.,..':..:...,.'.r..scA ARrER.
sTArK OF LOUISIANA, PARISH OF ORLEANS.
CITY OF NEW ORLEANS. f-
Before me, Antoine Doriocourt, . notary public,
duly commissioned and sworn, in and 1o1 the par
ish q Orleans and city q New Orleans state Of
and appeared Robert n. Davis; A Socoia, s.
Bertrand Saioy, j. B. SOLAR, Il. Manuel, Il. 4.
Ilambiss. Joseph David lreprssented BY J. kasse).
Fevre, v Battaior. James ). Reiss. RFnsst Prsgst.
Francisco 6anche, =. Schumscher, Al aber. p. 8:
nonssean1, Joseph Ms.i, Jacob Nsuhau:er. and
themselves of the laws Of the State Of Louisians
relating to the organization Of corporations IN this
these pFessats covenant and agree. and bsa ths H.
selves tOgether with others who may become 1850.
ed sSdS
and conditions which they adopt - the charter Of
said corporation.
the PEOPLES INSURANCE. COMPANY on NEW
ORLEANS. and the d0micile Of the same shall be
established in the Second District Of the city Of New
Orleans.
This corporation is formed for period Of twenty
i've years from the date Of this act Of incorporation
ARTICLE III.
Tho OBJECT Of this company 10 to transact gen
eral insurance business, and particularly
l. To make insurance upon dwelling houses,
merchandise, and other effects aud property
against loss or damage by fire.
o;ns uP0n sn o1. r'c vs.ss
freights. goeds. bills Of exchange and other evi-
dences Of debt, con,mission:. profit: bullion q
pOrtati0n risks bOttomry and respondents inter
ests in other words to effect fire. marine and river
Of exercising alf or either Of said purposes.
3. The company may cause itself to be reinsured
sSrance and ali ctation notices. and other legal
prOce - wherein the company may be interested
shall be served the president, or in his absence
ON tho vice president or secretary.
ARTICLE ".
The capital stock Of this company shall be fixed
at i've hundred Thousand dollars, With the priv
4lege Of increasing it ut any time to one million
dollars, divided into shares Of one hundred dollars
after the commencement Of busisess, i've Per cent
at ninety days after the commencement Of busi-
cory notes Of the subscribers and Of persons who
able at one and two years after the Commencement /
of business said notes Of the subscribers to con-
.1 sS as the e. Of
belief, the necessities Of the eonpany should At
to maturity, in which event any portion 81 them
shall be due and payable At the Office Of the come
e Trustees may consider propes thirty days ser
q notification Of the same shall have been adver-
tised provided that no payment on account Of :.sd
out the consent Of the trustees, and that no call
shall be made, 1t any time. for more than twenty
In the event of nonpayment of any installment
or notes, as provided for in the foregoing. the
or benefts nsrtsinins to tSe same. shsli b. Tor
feited to the company. Nevertheless the snstees
may extend the term Of payment, should they
Receipts for installments and notes shsrl be
given to the subscribers, but said receipts shall
not be transferable unless with the consent Of the
Receipts also for the amount Of the dividends
credited upon the notes shall be given but all Of
No certificate Of stock shall be issued until the
Any dividend unclaimed for the term Of three
years from the date declared shall be forfeited to
tingent fund amer the pubHsstion Of tho same
once week for four weeks cOnsecutively.
ARTICLE '.
All transfers Of stock shall be made ON the
books of the company upon the surrender Of the !
the stockholders OF their legal representatives.
ARTICLE VI F9ag
month 60C0 year
ment Of the affairs Of the COMPANY, made out in
DETAIL shall be submitted to the stockholders and
the assured and published; Out Of the net earn:
shall first be credited upon the notes Of the stock
to ten per cent upon tho amount Of preminns
earned, shall be paid in cash to the assured Any
q aS y 70
stockholders in proportion to the capital paid in,
and to the assured il proportion . the amount q
css. Of q tRst rate 70 IS sddeS to consinssns s
ton esa E and should ss
gent fund 1t any time exceed the amount
e. ssS ds a anon. sss .ssy :.s:
stockholders in proportion to their interests 10
spectively Of premiums and capital.
any portion Of the capital in the settismsnt Of
losses. dividend or bonuses Of Interest shall b
in AMOUNT out 10. Of Ss s.ranss or ro
It's provided further, that NO dividend q less
dividend declared contain any fractional part q
Eve dollars, andthat I'll such fractional s1ms shaii
DO carried to the credit Of the contlngens run0'
ARTICLE VII
The device and seal Of this corporation shall re-
present the statue in jackson Square, with the in
scription Of the name Of this company.
ARTICLE WILL
The Board Of Trustees shall have power to invest
m0D0V C3U1t8A
M,fscisnt morfsaees ON improved and unincumr
beyd real esta .so II bond: q stoess ess.ssd
sfafe: and they may loan money ON pledge 81 any
Of the Aforementioned securities. upoa other p
proved coIlatesals; THY may tsle Reseessiee, s
shle q inamovsbIe. which may have heed Dle6eed
or abandoned 70 aid company ibr OF eenosEningf6
earc or subEegste real estnte, pledge and tF1na6sf
stccks bonds, movable or imm0vable p1Uporty
and generally - do and perform any aet which
may b necessary for the government and eupport
Of the company not inconsistent With the laws a.
the United States and Of this State.
ARTICLE X.
The company may commence business - eoou =
two hundred and fifty thounond dollaxn ahall hnvo
been euhoor1bod !. Ks ~ ~ s. =
Sahaolsl eioas - the cspiasa stock .of the co..
he 49, - 1p ~ 11Sl5 q 49,. ~
uAtl - 49, o6rltSk e u 60 =. - 4