New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-04-09
No. ZIG.


To incorporate the Crescent City Healt
and Accident Insurance Company.
SECTION l. Be it enacted by the Senat
of Louisiana in General Assembly cor
vened, ThatJ H. McVean, J. L. Thompson
c. G. Antoine, j. L. Wands, G. l.. Smith, c
w. Lowell, William Il. Spencer, A. j. Sex
ton, Fred. Jordan, and such other person
as they may hereafter associate with them
and their successors be and are hereby
created a body corporate by the name ant
etyle of the Crescent City Health and Acct
dent Insurance Company, and by that name
shall have succession; may sue and be sued
plead and be implicated; take and hold al
kinds of property, movable or immOvable
by gift, grant, sale, devise, bequest, or other
alienation, and may dispose of the same;
may have a SEAL with euch device as shall
be prescribed by the trustees: may adopt
bylaws, rules and regulations for the gov
eminent OF the corporation, and the con-
duct OF it's business, not inconsistent with
the laws or constitution of this State or the
United States.
SEC. 2. Be it further enacted, ETC.. That
the object and purpose of said corporation
is to effect insurance against sickness or
accident to the person, by issuing policies
upon the payment of monthly, quarterly,
semi-annual, annual or other periodical
premiums, guaranteeing certain and fixed
payment to the insured of a sum per week,
or per diem, during sickness or disability
arising from disease or personal Injuries.
under such rules and regulations as said
corporation may establish.
SEC. 3. Be it further enacted etc.. That
the capital Of said company shall be one
hundred thousand dollars, with the priyi-
leges OF increasing the same to five hun
dred thousand dollars, to be divided into
shares OF one hundred dollars each: and il
shall have authority to commence business as
soon as twenty-five thousand dollars is paid
in.
SEC. A. Be it further enacted, etc. That
the dOmicil of said company shall be at
the city OF New Orleans in the State of
Louisiana
SEC. D. Be 1t further enacted. ETC.. That
as soon as twenty-five thousand dollars
shall be subscribed to the carital stock of
SAID company, the subscribers NAV meet
together and elect from their number twelve
trustees, and they and their successors
shail, together with officers and clerks of
their selection, exercise all the powers of
this corporation The said trustees shall
elect one OF their number president, and
snail choose secretary, treasurer, attor-
ney, and medical adviser, and such other |
ofilcers and clerks as may be necessary, and |
may prescribe their pay and duties.
SEC. b. Be it further enacted, ETC., That |
"ooAy dttcT tiio electlOn ana organ
lzatlon OF said board OF trustees they shall /
make certificate of such organization to |
be signed by the president and secretary.
and tiled IN the Office of the Secretary of |
State OF Louisiana, and said CORPORATION
shall have existence for the period of twenty.
hve years from the fling such certificate.
SEC. z. BE it further enacted. etc., That |
the trustees and other officers shall be
elected annually by the stockholders, and
snail continue IN office one year and until
their successors shall be elected and ouali
lied, provided that the board of trustees
shall have power to fill vacancies in their
own body or In the offices of the COMPANY: |
ana no failure to hold elections on the day |
shall dissolve the corporation. |
but another election shall take place within !
.en days notice of the iime and place of |
such, and all elections to be given by pub
nc advertisement in at least one daily news.
paper published in New Orleans for one
week prior thereto.
ald corporation shall annually publish. for c
u least thirty days in a newspaper pub
ished at New Orleans, a complete state q
nent OF lts affairs, receipts expenditures |
no assets, verified by the president and V
ecretary. {
SEC. 9. Be it fhrther enacted. etc., That Q
MS act shall take effect and be in force '
rom and after its passage
(Signed) CHARLES w. LOWELL
peaker of the House OF REPRESENTATIVES s.
(Signed) c. C. ANTOINE,
Lieutenant Governor and President of tbe
Senate.
Approved April !. 1874.
(Signed) WILLIAM p. KELLOGG
Governor OF the State of Louisiana,
A true copy:
WILLIAM WEEKS, So
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