New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-08
CORPORATIONS,

| CORPORATIONS,
notes of the subscribers Of The first category of Ar,
| ticle three shall have become equal in amount to
surance and reserve lul to the standard of 5000
900 shall be taken from he profits of the company
and placed in said funn. and the entire bala O.,
| shall be- paid IN cash to the stockholders.
| ARTICLE VIII
| The affairs of the company shall be administered
BY a board OF twelve d rectors, who shall be Sc
lected from aIBong the stockholders holding not
| less than fifteen shAres in their own name. They
shall be elected at q meeting of the stockholders
convened for that purpose, at the office of the
| company the last Saturday of December OF
| every alternate year. from and after December.
s,e after advertisements for ten days in three
new spapers published In the city of New Oreaus
holder shall be entitled to one for each anu
every share of stock he shall hold in his name
OF by proxy. llelections shall be supervised and
their result declared by three commit sioners ap-
pointed by the Board of Directors from among the
stoekholders The members of the board shall
take their 81 ats on the Monday lowing the eec-
ton and shall then elect the pres ident wee pres-
dent, the &. neral man ger and the secretary of
the company The first three named ofticers TO be-
selected from the Board of D.rect"rs and ali fonr
OF them TO hold Their seats, together with the di-
are gualihed TO act in their stead, unless they be
removed. after Impeachment and trial by a vote
Of ,wo-thirds Of the entire board. The superin-
tel dent OF agencies and such other clerks and e-
p'oyes as may be deemed ssary shall be- 40
pointed by the president, with the consent Of the
pleasure.
The Board of Directors shall fix the salaries OF all
the officers and employees OF the ompany and
necessary for the admnistraton of the AFFAIRS of
2 The compans. provided said by laws shall not he
contrary to the stipulatioss of this charter the
laws OF this State. The board may also delegate
such powers IN tRe transaction of the ordinary
business OF the company 10 committees of their
they may deem e1ptdisnt.
ARTICLE TX
mn
the vice president. shall preside at I'll meetings Of
the beard he shall supervise all the business the
company generally, and see that the requirements
Of this charter the bylaws of he company and
the orders and resolutions o. the board be faith
fully carried out The general manager shall be
the active executive officer of the company; he
shall have the control OF all agents agencies and
branch Offices. and shall attend to all the fire busi.
of the company under the gu pervision of tha
president and BOARD Of Directors. The secretary
shall perform all the duties usually app+rt
SAID ofiice. The supernlendent of agencies shall
have charge of the branch offices, agencies and
agents III the city of New Orleans and state OF
Louisiana. under the supervision of the president
and general manager. The duties of the other Gun.
po, es shall be regulated by the president and tho
board All policies. certificates of stock. commits
siOns Of agents. checks contracts, etc, shall be
signed by both The president and the secretary.
ARTICLE
There shall be a regular meeting of the board Oh
the hrst Monday in January, April July and Octo-
Der of each wear. and the president shall have the
power call the board to meet in apecial meeting
Whenever he deems proper and he shall dc so
whenev-r go requested ia wiring by two members
ARTICLE XII.
This charter may be altered or amended, and
this company dissolved at any time, at a general
meeting OF the s,eri holders convened for that
purpose by the board. upon petition to the board
signed by the holders at least one third of the
entire sock OF the compsn.,, after twenty days'
notice ,, in three newspapers published in the city
entire stock Of the company be represe y Int mt
SAID meeting
ARTICLE Kill
At the expira ion of this charter or sooner if so
the affairs of the company shall be lquidated by
three missioners, TO be elected by fhe board
or that purpose, and the board ,hal have power
to limit and extend their term of office and this
period of liquidation and tx their compensation.
ARTICLE Kill
Immediately after their elec ton the commits
81 shall proceed to wind up the affairs of the
company by selling OF its assets and prop rty and
collecting all amounts Que the same, and after
paying all legitimate debts los and expenses OF
The company, the balance, if any shall be divided
to The number of shares held by each.
Thus done and passed In my office. d. the city OF
written, in presence of Mess,s Charles Marin and
Armand Pel-rin. both domciliat in this city,
Competent witnesses, who have hereunto signed
notary, afr reading the whole
MoCklEK * nj { BREWSTER B WILLIAM Go.prNa
SPEECER FIELD, JR, sCo.. GEORGB D. HITH.
kuNHoLZ X. q. WUNDERLIlH.
THOMAS OEElL, J. H. KEHFE
GtORGH b DICHB. III. COOKE,
A. BROWN, RlCHAhD MCGUIRE
ED. MARIN, A. BOULiGNY
y. TKlCOU. A IESSUMHHS
HARRIS E.G. JORDAN
G. BtRTlSI, COBRIBN
And others.
CHARLES MARIN:
A. PsLSEKIN, Witnesses.
r. RUDB Notary Public.
!, the undersigned, depu1y recorder for the city
and parish OF Orleans, do hereby certify that an
act of incorpOIa alton OF the Workingmes's National
Fire insurance COMPANY OF Louisiana WAS dnly
recorded in this office in SOC ty book nine, folio
25Z aud seq.
C. DARCANTEL, Deputy.
New Orleans, September ID, 1879
hereby certify the foregoing TO be true and
correct copy of the original OF ncor poration ON
Tile and OF record In my office.
Witt ess my hand and the impress of my official
seal at New Orleans, this twenty fifth day OF No
vember A. d. 1873.
ial / I8 fel 4. ECDE Notary Public