New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-16

.CaARTHn


the month Of septic" Der. in the year Of cur Led
one thous. nd eight hundred aud seventy three An1
Of the indie uendence Of the Unite II atrs Of Anae
lea the min, ~ eighth. betors me. T. nest Rude, :
notary public duly commissioned aid sworn. r.
and for the parish II Orleans and the city 81 NeV
Orleans. Sta g OF louisiana RI SIDING in said CIV
and IL preaence of the witnt h-reinaftSe
named and undersigned, personally came aud sD-
pesred the psrties whose names are hrreunto aux
scrb.d Who decla I'd thai, awaiting themselves a.
tine rights, powers and privileges conferred by tia
laws Of the state OF Louis for the organ aAtion
OF corporations III this state, they have formed
and led corporation for he pa poses and
objects, and under the stipulations add regula-
tiOns following, 10 wit:
ARTlCLHL
THIS company shalI re designated and known
A. der the name Of the WORKlNGMkN'S NATFON-
Al FIR lNSUR N x co PANY. Of Louisiana.
ita d0micie shall e ind s her. by ixes III TIE CITY
Of New Or,, ans. parish VI Orleans, state Louis.
lana; 1t shall exist, commence business and con-
tinue for twenl, five Yeas FROM this date, durinn
which time it Will Rave and eGj ~ successon, con
tract. and be sued; hua, put, has- .eN and
otherwise convey ali k,n,s Of property, both red
and p rs"nal under iis corporate nan-, and shah
Pcss' % N general AZ tue posr,s aud privileges
p.ny shall use u con pOrale nj. he de- ice uraA
which shall be bare arm ,a.s, and holding .
hammer. with thu name of th mpany around
it, The president or tie vice president or, their
abs. nee the secretary, sha b the proper odics,s
upon whom 10 serve ci ati"ns, non es Aud Al
other legal process ag Ainst the company.
ARTICLE IL
lis9d md the nature OF its business are hereby
DECLARED ~ 10 As follows, to- vii:
To effect Insurance. aga lst l. SO or damage BY
fire or high Mug in Louis ard other states Of
the Union and Of he Anne jean CONTINENT: !. On
dwelling h uses stores. cotton ii and AL nuilA-
'ngs Of every desc ir,ion; On ships. steamers.
st4 amboats, b.rges and their cargo, S; 3 ur hons
hold fur' iture. merchandise and all OF her pre-
z 10 cause itself to he r-iusur.d, in whole or !.
part. with any other insurance coinpA, 4. againsa
any risks upon VIII CHI 1t shall hav' mad Insurance..
;. To establish b auch Offices and agencies h
Louisiana and other g. ates of he Union.
ARTICLE I'LL
The eauital stock of III company IL hereby sasa
at hum Of three hundred thousand 1ohare
divided into shares of lift d liars each Sa SHARES
shn!l b. paid. At the op',on of the subscribers, .
PER cent OF The subs" ribed pa, ab in caaA
or III due bill NJ thir y days, at the time Of sub
scri ption. ard the balance in note payable in ~.
II ally ,xtingui.tt by the YEARLY cr,diis thereon
of III " pre- rata Of he rarnipgs Of the company.
notes shall B.. subject to such cals as quay b. or
dered b, The Boar Dii ecfu' crowded that tho
calis 50 made shall be pay BIZ oul, after foty-fvo
days notice. ana sha not br for than ten ~
cent Of the arount Of thu stock i'utS ut any ON
I me. 2. Or the whole amount subscribed payah1D
securiti-s at their actu ] cash valu+7 said sub
scribers 10 b allowed tw pty per cent disoOunt %
their .ubscrip'ions 3 Or the Who'll amount sab
sc ib-d to b. paid IN call notes secured by pledaB
of public real state securities said subscribers
Il he . lowed ten cent dis their auh-
tIons aud raid securities to lie accept IL guaran-
tee o. the te Of only sixty til re and oAe-third
G. nj OF their atual cash value; pro id.d tha1
cs,.S"r,es shall be sub'nii..d to and acc.pt Sv
I he I'm Committee bt fore they b. r-ceivea
and c-rtitca es o. stock issued The fnllo wing ~
OF guarantee tor The payment Of sub,cr'ptiGns
in paragraphs w" and +, roe Of this
ar.sl to Wit f.. C"mns,y cry 1ssa s estate nm
and Land scr of the Unt-d States and Of tho
Stat+ Of Lou'salia or ANY 9th r 8 ~. The Union.
and Of solvent ra,l oai. ban canal and navigatsGa
companrs INCORPORATED by SPECIAL laws Of Tho
SIates, The state 1T L,sinu "a ar any Stain
o. the Union hubscr, beers shall have h.. pivilraD
to, at time. "lt in whsle or in part thek
0 ignal mode # SUBSCRIPTION. T capital stock
If The company may be mere a.t'd to the snu q
q We hund ed rhous nd dollars htn..ver the BOaH1
Of Director may deem prspei to do 80.
~-iICLs w.
The Stockholders .hall never BIZ hHb'e for tha
oss-s of the company i any larger sums than tn
amount r. manning on. on their 81 ok notes.
ARTICLK
Certifcatef Of stock shall be only issu4d VIXEN
hull pad. and TT OF stock all br a.le only
N the books OF tn company. at its Office. in Nsso
OrleanA
On the Thursday preceding the Last Saturday h
D. cember of taci, Yea c"inms ncing on the yeax
comp any, y full ard fru- statement, showing. MP
70 date: Fr-t. the amount 'f capt. d ass-ts 81
he company; second the a." onnt Of premiums 70
'e,vrd; tn rd, tho 10 srs paid aud EXPENSES in
CURED; fo'r h. tn" bai;s CT Of ro6 and loss; th0
whole 10 be sworn to and ub,crih.d b, the presi-
lent aud the secrrtar,, and h.. pll.lisbe.i ten
duu ing one month three neWsp8pe rs Of okso
.ity Ut New OIl1ans
ARTICLE VII.
The ret profits Of the com pany shall be spp,o
pr Stad n follow to wit:
Ae IN 5 In at I'm o T". p th pad
pa y, from and afe toe tenth day Of January Of
rach wear. com "+' ri in 1875. % ,h- payments
,nd AID third Of article three "t his ctar r, aud lie
balance OF tho earnings shall lie divided in four
pqual pats three paris wh- rrof ali be placed 70
lie I" eireursnce N reserve find," and III. othar
part shall BE- paid IN cash to he snb-c ib<rs spect-
led iu he 81 cond aud ird pr.s'n hs # article
subscription. The subeci b th, hr.i category
being ps their share Of he profits, ~ ipu !atea
n article ;a the. o. ~, IN 1r,s, by -. torsem nj
10 soon - the credit ltd'"s Il on the stock
not of the nbscrib 0f he i,.t category Of Or
ic- three shall hav become eq III in amount -
their face. = sum .ufac,ent 10 !, ,ian be rein
sursnre and reserve W 10 The stand.,d Of S2oo-
,eO shall be- taken from h profits fth- company
aud placed IN "A tun ard the rntle bAlanAD
,hAA b paid Ia cash tn the stock. elders.
ARTICLE VIII
The affairs Of the company sna h4 adminieta1s
BY y board Of twelve rsctors Who shall be 40
ect+d from Aiiong the sr'ckho de- . Iol ing NJ
tran Il fteeu il ares ia IN. f. own Name. Tnev
shall b. eler,ed ut meet of lin, .tn, khobers
convened for hat pnfp NJ, 1t the Office. o. 10
ompany on the last Saturday of bee mher a
very ait r. ale year. nom ana after per- h~F,
1878, after adv.,ri m-nt Tor ten DAYS In throS
1T spap re- ,'ubiieh III thu cit, If New Un1~aas.
At said NEE ting ana ut MI .cI ions each stock.
hold shall be- -ntitle l., QUE vote Tor q .ch snd
very share Of stock he sh- II old IN his " ~ n name
'r by proxy. All. kctions shall b. supervised aud
Iher result Dc. Jared by the. commissioners Az
DOintsd by the n of Dir ctr, rom among tho
't"ckhode 9. The m-iib+rs OF The hoard haD
lake their .. as on the M"nda, TO VII z he eee-
II. IA 4 I-rtt H. "A
lent, h- ~ nerai man ge' aud In. s.cr.tary 81
.he Company TIL. ti'st three nam. fa.--rs +, 10
'+iert-d from the B"art Of Direct r.. and al four
IT iheu 20 hold tliei -+ats. tog th.r with the d.
rctors, H,'tii the IL. 1t .l-rtun. d nu,il sthess
'emoven afer NM" a' m-ni nd til i, by vote
# ,wO-thtrds Of the entire b.1ltn. TIE sup rtn-
e' dent Of agenci-s aud such o,h.r cl+, ks and en-
,o,rs rs may be d-emrd 'c.s,.r, . ~ll b- a.-
int.-d BY the pr s'd-ni, wi h tie c"--~nt Of -
board, and .hali be- D.. ovah = n: ,E+ir pleasure
rh- B.,s,d IT directors shaI fA the m aries Of Al
he "fhc-'s and 'mpi"yrs the ompsny and
hall s.s" I'd r sch b, .i.~s 40 he, N doe.
contrary I" the stipu - OF this .har~r or the
avs If This State. rhe boa also dek nate
'usinrss of the company Ia Goa. nnt'--s OF tbelk
,wn b,dS or t. IN IT officers NJ heir aspnts -
hey may deem exp. dent
ARTICLE *.
The pres' dent. IN his nbsrnce or treapecttv
no wee president shall ,resi.e NJ IN stings q
n- o"Ard; be sail sup vis nll he i,sin ess " tho
0mpsny r Morally, nd go shat The r-uuir, uDent0
this charter, the by laws Il IL. con, ,,suy and
ne order, and r-s' luiions the hon Il br faith
MY carried out The general III ss-r q ~, -
he active exrcn'i Officer IT me coni pany; -
hall h"v- the control al all .g-n:s a4e"ci.s anA
ranch ON ~. and shal attend IT, al IN 6t~ bH1S-
ess o. the CO I'I'any urd-r tn ulHrv sion II th0
reshent ssd BOARD al nir."tof.. Til. =. cfetnYy
hall perform all thu duties usually ap~t aiming 70
MD "Mro The snperInt-nd 1T If aso.,ci-s 81 -
ave charge Of the hrancl, oth,--, b. tnciAe Sa1
genie IN the CIV Of New blran, n d st. IT, Of
nhs th.4a
ia general uanas. 7. TIE duiie If thu. Ut O. en-
10 ~ IN ~ b. nen sfed h, tn, pr. d. mt AID tho