New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-08
deI0 A. P!TOT JR- Notary Public
.....C9HARTER.


I HARTER."..~...e-... ...CglARTER.
Be it known that on this seventeenth day Of
the month of September, in the year OF our Lord
one thousand sight hundred and eventy three, aud
OF the Independence OF tho United 81 ates OF Amer
lea the nine eighth, before me, Ernest Fade, a
notary public duly commissioned and sworn, in
and for the parish of Orleans and the city of New
Orleans. State OF Louisiana, residing in said city
and IL presence OF the witnesses hereinafter
named and undersigned, personally came and ap
peared the parties wlese NAMES are hereunto sub
ecI1bed who declared that awaiting themselves of
the rights, powers and privileges conferred by the
laws OF the State of Louisiana for the zstion
OF corporations in this state, they have formed
and tied a corporation for the purposes and
objects, and under the stipulations and regua
lions following, to wit:
ARTICLBI
This tunipany shall be designated and known
under the name OF the WORKINGMkN'B NATION
AL FIRE INSURANCE COMPANY. Of Louisiana:
us donncie snail ee no s hereby hxed IN tie city
OF New Orle ans. parish of Orleans, State of Louis
lana; it shall exist, commence business and
Time for twenty-five years from this date, during
which time it will have and enjoy succession,
tract, sue AMI be sued; hold, pure hase sell and
otherwise convey all KINDS of property both real
and personal, under lis corporate name, and shall
rVssess In general all the powers and privileges
that are gwen by law 10 corporations. said com
pany shall nee a corporate 8, al the device uyon
which shall be q bare arm raised and holding q
hammer, with the name Of the company around
II. The president or the vice president or in their
absence tie secretary, shall be the proper officers
upon whom to serve cit ations notices and all
"tEes legal process az tinst the company.
ARTICLE H.
Tho usposes ,or which this company is sstab-
lisbed, and the nature OF its business hereby
declare d t" be as follows, to wit:
/. To effect insurance against loss damage by
fire or lightning in Louisiana and other states of
the Union, and OF The Anne lean continent ]. On
dwelling houses stores. cotton gins and all build
lngs OF every description; 2. Tn ships steamers,
81. am boats barges and their cargo.s D. On house
hold furniture, merchandise aud all Other pro-
perty.
2. To cause itself to he reiusured in whole or in
part with any OTHER insurance companies against
any risks upon W CHI it snail have made insurance
3. TO establish branch Offices and agencies in
Lng.si.n and other States ofthe UEion.'
ARTICLE III.
The .apit a: stock of The company is hereby fix ed
at the sum of three hundred thousand dollars,
divided into shares of fifty dollars each Said Oh ares
shall be paid at the option of tho suhscrbers in
either of the following manners. to wiz |. Ten
per cent OF the amount subsc ribed payable in ash
or IN due bill At thirty days, at the time of sub
scrption and the balance i'll a note payable in ten
years from date; said notes TO be redeemed an
finally extinsuished by the yearly credits thereon
of heir pro rata of The earnings Of The COMPANY,
az specified in aric1e seven of this char ter Said
notes shall DE- subject 10 such calls may be- or
dered bv the Board of Directors provided that the
calls made shall he payable only after fOI y-fiee
DAYS notice sha not be for more than ten per
cent OF the an CUNT of the stock noteB at any one
time. :. Or the whole amount subscribed payable
10 cash or It's equivalent in real estate or public
securities at their actual cash value; said sub
scrDers 10 be allowed tw. nty per cent discount on
heir sHDet rlpi1onS. j. Or the wh0le amount SUD
sctibrd 10 be paid IN call notes secured by pledge
OF pubic OF real estate securities; said subscribers
10 BIZ allowed ten per cent discount their sub
iions and said securities TO be accepted in guaran-
Tee at the rate Of only sixty three and oBe-tbird
cent OF their ttuaI cash vaue; prov Ided, that
all subscriptions of - abpv- second ana third
catryories shall b. subnrt+ 70 and accepted by
the fnaue Commit b. fore they can b. rtce ged
and certificates o. stock issued. The folio wing
cuTisies shall be iecel vable as cash pt5ment of
or guarantees for Tie payment of subscriptions
ui.nt TONED in paragraphs two and three of this
article to wit Country ard CITY real estate un.
lncHm oered LTsi mortgage Eotes bonds stocks.
i-vee and end scrip Of tie United States and Of the
state OF louisiana, OF any other State OF the Union,
and OF 20 veHt rail oai bans canal and navigation
United states, the State Of Lnuisiaua, any State
OF the Union Subscribers shall have the privilege
orr ginal mode Of su5scr ption. The capital stock
of tire company may be inert ased to inc sum of
live hnndred Thousand dollars " henever the bo2rd
ef Directors nag deem proper to do so.
ARTICLE ".
!'.s stockholders shall never be- i'.b'e foT tie
loss-s OF the eompaay il any larger than H..
,.moart rfmaIn.' due on their stock notes.
ARTIcLEv.
Grr' .Geat.. OF stock shall be only issued when
'uli p.l aud Trans ers OF stock stall be made only
u 'be t0okh OF III. company, az its Office N New
or .au..
ON .he Thursday preceding the last Saturday IN
.'-cemb.r "f farn year, commencing OH the year
10 = illrlt tl'4li pc from ILt bCOH5 Oh the
company. a nal and true statement, showing. up
10 date + rst the amount Ct capital AID assets OF
The company; s"cond the Amount of premium re-
scived; third, the losses paid aud expenses in
cured; FOUR h til. balance ct profit and loss; the
whole IL b. sw"rn TO and subscribed bV tho pres-
dent aud the secretary, and to Ds published ten
iHi.s during one month II three newspapers of the
g. = OF New Olieaus.
ARTICLE VII.
sac set profits Of the company sha. be sppro
y 5;rd s.s t0l4ogs, To vi.
3. "A TI-~EFpt Of r cont sfal. ". u
eash so ihn octhodere, al ~ otice OF the com
SsI,y. ana af.er inc TentlT day OF January Of
each year, com 'o-seiug IN 1873, % the p yments
IN ale b. Them ,greeaoIy TO paragraphs lcGt, rec
Dad and third ~ article .lree of This charter ard the
balance of tie esInirgs shall be divided n four
.a,isl ,ay.s three paris whereof snail be placed 20
he "IoipFurauoe sui reserve fund, and 10. other
part shall b. PAID ia cash 10 The subscribers apsci-
bed in he CoBd aud t.ird paragraphs OF article
thr,s o. this charter pro rata to the amount of their
GosL 1ptoH, me subscr b+rs OF the first category
being pa in-ir share of The proste, ae Tpaa:tG
article three OF THE charter, by sne indorsemenI
OF t1eir no;ss at the amount they are entitled 10
s. soou as the credits iudaIsed On lie stC l.