New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-06-29
CORPORATIONS.
iHARTER.......... .............CHAhTEh
STATE o. LOUISIANA.
PARISH OF ORLEANS, CITY OF NEW ORLEANS.

PARISH OF ORLEANS. CITY OF NEW ORLEANS.
June. II the year one thousand eight hundred and
seveBty-three. before he. John Bepderragel no.
tarv public IN and tor the parish OF Orleans State
aforesaid duly COMMISSIONED aQd qualified. and III
t.ie presence Of The Witnesses hereinafter named
and undersigned, personally came and appeared the
parties whose names are hereunto subscribed who
declared that awaiting themselves OF the rights
ard privileges conferred bs the laws of this State
relative TO the Organization OF corporations, they
have forIuea and organized, ard do by these pres
eI.s form themsel YES INTO and constitute cUrpo-
ration ior the OBJECTS and purposes. and andeE she
stipalatiGus .eTe!Hafter set forth. to VIZ.
ARTICLE I.
The domic!ie OF this company 10 hereby estab-
Esh.d N tie city Of New Orleans State Of LOUIS.
lana and It shall be designated and known under
ISsT IR.as CoMPaSY Of New or!eans !! siaii
commence business so soon as the requirements of
me law are complied with. and shall exit for
twenty-five years from the date Of this charter.
II shall and be sued in its corporate name and
al citations and other legal process shall he served
on the president, and in his absence on the secIe.
after be adopted by the Board OF Trustees Tor the
government and regulation of the company shall
no. be ~ cohh!ct WIN Hoi contrary 10 ilis cnar'
ter or 0! the acts Of the Legislature O; iEls State
relative to corporations.
ARTICLE II.
This company sial. have corporate .eal the
device upon tie same shall be ire engine, with
the motto .'vires acquirt euudo." and the aame OF
the company II the margin.
ARTICLE III.
The objects and purposes OF this corporation are
hereby declared TO be to make insurance upon
dwelling houses stores aud other bun !dI as house.
hold furniture merchandise and other property
aga.ns; loss or damage 10y fire and lightning; to
cause themselves 10 be reinsu;ed against any or
al risks upon which they have made or shall
make Insurance. 10 establish agencies IN this State
and ia the other States OF the Union.
ARTICLE w.
The capital stock Of this company shall be two
l,rl., ,:.I,
iege Of increasing said amount to five hundred
thousand Golare) divided into ten thousand shares
OF twenty five dollars each. All persons subscrb-
ing 10 the capital stock Of this company shall pay
at the time of subscription fifty per cent Of the
amount OF each share. passing to the company
:heir notes for the balance remaining unpaid; said
notes to he made payable on the first day OF Jty
1916 but shall be subject TO :he calls provided for
article six OF this charter should, however, the
dividends of the company DC such that, after being
apportioned pro rat among the stockholders. the
dividends thus declared should be sufficient to
,IgeIsi the face value OF said notes thus given by
tie stockholders on or before the end OF the sec
Odd fiscal year, viz-the first day OF July 1873, then
said Totes are to be cancelled; and every year
thereafter the dividends of the company are to be
paid in cash until the capital stock of the company
s full paid up and interest dividend of ten per cent
cash ON the amount paid in shall be allowed
to stockholders 1t the end Of each fiscal
year, In addition TO the capital stock
OF the company, contingent fund shall be-
profits On loans. and Investments, and OF all
amounts received from O'her sources than pre-.
NUNS and from tins flnd QlvlQeuda OF interest
sEal be made to stockholders.
Transfers of stock shall be made on the books Of
ne COMPANY at it's ohee IN the r1tS or New . or
aid the surrender Of certificates.
ARTICLE v.
All the corporate powers appertanEg 20 this
company are hereby vested in and shall be exer.
clsed by tie president and secretary and a Board
OF Trustees, not exceeding eleven persons lnclud-
ing the president who shall be selected from sock
holders holding not less than twenty i've shares OF
:he stock of this company in their own name, four
OF whom shall form squoram for the ira lsacton OF
OF d president, secretary and superintendent OF
agencies and such other officers and employees as
tine president may deem necessary.
Az eIecriou for officers and trustees Of this com
raIy will be held every two years, commencing on
the first day OF July. 1875 and every alternate
The president shall be chosen from among the
members Of the Board of Directors. by the mem
bers thereof immediately after their election.
The following named persons are hereby constr
tured as president secretary and trustees OF this
company ard shall hold their respective positions
nii the Fl, st day of July, 1875 VIZ: David Lea hle
president; Frederick A. Johnson secretary; WI
lam H. Decker, L. S. Drew. 4. NJ. Muller and David
Leubrie, trustees. =,
tie board and at the meetings of the sto6 khold
srs Of the company. The president shall have
the sole appointment of all officers Iot elected by
.he hoard as prescribed in this article and alsO OF
AZ! employees and agents. He may, whenever hs
deems it injurious to the interests OF the com
Y.
! 10 the officers and employees OF the company; -
The pre- sident and secretary shall sign all pol
ces checks. receipts and eertinGates OF s.oeh.
file finance committee shall act as president pre-
| tempore and shall sign all policies and checks
Tie SUPERINTENDENT of agencies shall nave
charge of the ager cy department of this company
under the immediate supervision and eontEol
| tie president. ~,
1he trustees are hereby empowered, wheneve:
fI1.D
! TO max. calls upon the stockholders TOR suci
| amounts not exceeding ten per cent OF the ul
a.,e, GIVING thirty DAYS notice to that effect II
Two OF the newspapers of the city OF New orleans
No s.oc kholder shall in any event be made llan'
.oy ,he losses of the company III any larger eul
=, an the amount of his, her or their suoscflptioi
70 .e capital stock, or his. her or their pteo
to the company. Irnsferses ot ,h.re
| OIL, and the same shall be approved BY the Boar
&: Trustees. -,o,,y,v
| rrs,v I've shares OF the stock Of this company
| he'd bv "a stakeholder thereof, shall entlIie ,h
rnii.y .Le, cot to one vote and the holder OF an
fraction al number Of shares, less th2n n'e shaies
! shas He entitled to one Vote'
ARTICLE VIII.
! -,,.re shall be made Oh the second WednesG"'
q: august commencing WIN hooks ,h Of tn. company
| s,nwIrg up to tho first day OF August OF sdN
| wear the total amount of premiums Tecel'ru aio Il
Q -nlI"
! exnensas OF the company up to- date, ara ~
| Latsnce o. profit and loss the whole 70 DE s"orl
:" and subscribed by the president anu mon,h :.
| sugist in two newspapers Oh Tue ei'J " ''o"
! leans. rr,c,p,v
| =. terehy provided that ten pep cent OF ~
! W., yrofts Of this company, derived from ~
i"ral business of the city of New Orleans, shan .
and IS hereby donated to the f'ien,en and tha
re amo,.rlt above designated shall! be PAD ann
aTy 70 the authorized representative Si s"ia ass'
| c.at,eE. ,r,Cyrr
-iis company NAV organize local boards in ONE
| S.a.as 70 whom shall be reserved nifty per cent
| trs fnnds derived from the net premiums rteelNe
IN -he places where they may transi.nt pus ~ ~ .
~ that al least one thousand shares sna
b.ya heey subscribed in the state. or at ieasc Nv
hundred shares in the city or town IN ",.'. Inv ,t
.sEash funds thus entrusted 10 the care OF III
| ioca] hoard NAV be invested as this chaflef Pi'
vides. The whole shall De unde n, 'n t SAID CIV g
S.aIs The losses that may occur by hle, ~he.
Vocal boards established shsI pf pan ., ri
Ing , seI we'd to their control by the p,ovlsonS
| ,h'. STtice Said local boards shaii hiass
monthly report to the home once. II, nm, Of orr
m;,ms handed to them by the genera ,d p%oyr !.
| local agents, the amount in'ssteu; anu nUG -
! "rad The interest derived thereiroin, anu IL
'nSu .,nSs remaining in their possession. al
wnare denosited Said statement !" 0. uu!s slsil,
and authenticated BY the pres,a the pre,den. a,
! oi e. thereof included, shall perform 'hr
:..s herein prescribed and assigned sr"'u ''uSi''
ARTICLE XI.
There shall! be quarterly meeting Hi me t h'a
| n. Trustees to be held on the MS ~, o.
.,rrs. November February ana MAY 0. "aSH ~
~ the rIesid.nt may convene the o4'fo we !,
40 he he NAV think prope, to do ST" or whehrss.
. ouested ~ d" 80 ia writing os h'e III
| ARTICLE XII.
., stall Ne lawful for the Board OF lrns.e's 70
| ,.ha rapital stock and such other noIe's
NesI t,ir 1rrder their control i. bonds ana ~"
aG.s or, ;:ninc numbered and improved req. Is s'a
The ,ity of New Orleans TO ~. am, az. NV.
80 a.a Ga