New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-09
CORPORATIONS,


notes Of the subscribers Of the FIRST category of a.
tcle three shall have become equal in amount 10
their face, sum sufficient to maintain the rein.
surance and reserve fund to the standard of S2os-
600 shall be taken from the profits Of the company
and placed in said FUND, and the entire balance
shall be paid in cash to the stockholders.
ARTICLE VIII
by a board Of twelve rectors who shall be Sc
lected from among the stock holders holding no.
less hsn hsen sh.leS IN 1neiT Il, r name They
convened for that purpose. at the office Of the
company on the last Saturday of December of
every alternate year. from and after December,
1878, after advertisement for ten days in three
new spap-rs published in the city of New Orleans.
At said meeting and at all elections each stock
hold, shall be- entitled to one vote for each and
every share Of stock he shall hold in his name
or by proxy. All elections shall be supervised and
their result declared by three commissioners ap-
pointed by the Board of Directors from among the
stcckholdefs The members of the board shall
tion, and shall then elect the president, presi-
dent, the general manager and the secretary of
selected from the Board of Directors. and all four
OF them 10 hold their seats. together with the di-
rectors until the next election, and until others
are qualified to act in their stead unless they be
removed. after impeachment and trial, by a vote
of iwo-thirds of the entire board The superin-
tel dent of agencies and such other clerks and en-
plOyes as may be deemed necessary shall be 40
pointed by the president, with the consent of the
The Board of Directors shall fl the salaries of ali
the officers and employees OF the ompany and
shall also adopt snch bylaws as they may deem
necessary for the administration Of the affairs of
he company. provided said by laws shall not be
contrary to the stipulatons of this charter the
snch powers IN the transaction Of the ordinary
business of the company TO committees of their
own body or to their officers or their agents.
they may deem eXpedlent.
ARTICLE TX
Thespres dent. or in his absence or incapaci.v,
fl,v c1,o1lv IN
the beard he shall supervise all the business OF the
generally, and zee that the requirements
of this charter, the bylaws of The 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 10 all the fire bust.
ness OF the company under the supervision of the
president and Board of Directors. The secretary
shall perform all the duties usually appertaning TO
said office. The superintendent of agencies shall
agents in the city of New Orleans and state OF
louisiana under the supervision of the president
and general manager. The duties of the other en-
plo, shall be regulated by the president and the
board All policies, certificates of stock. commits
sons of agents Checks contracts. etc. shall be
signed by both the president and the secretary
ARTICsB x
There shall be regular meeting of the BOARD on
the first Monday in January April July and Octo-
Der of each year. and the president shall have the
power to call the board to meet in special meeting
whenever he deems proper, and he shall dc
of the board.
ARTICLE XII
phis charter may be altered or amended and
this company dissolved at any time, at a general
purpose by the board, upon petition to the board
signed by the holders OF at least third of the
notice in three newspapens published in he cSty
entire stock Of the company be represented at
ARTICLE XII.
At the expira' ion of this charter or sooner if &C.
ordered, as provided for in the foregoing article,
thu affairs OF the company shall be li9uidated by
three commissioners, to be elected by the board
Tor that purpose, and the board shall have power
to limit and extend their term of office and the
period of liquidation and fix their compensation
ARTICLE XIII.
Immediately after their election the commis-
si shall proceed to wind up the affairs of the
company by selling off its assets and property and
collecting all amounts que the same. and after
paying all legitimate debts losses and expenses Of
the company the balance. if any. shall be divided
and paid out in cash to the stockholders pro rata
to I he number of shares held by each
Thus done and passed in my office, at the city of
New Orleans. on The day, year and month above
written in presence of Messrs. Charles Marin and
Armand Peerin both domiclat, in this CITY
competent Witnesses, who have hereuntO signed
their Names together with he parties and me said
notary, aft-r reading the whole.
McCRACKEN& BREWSTER. WILLIAM GOLDING.
SPENCER FIELD, JR., SEQ, GEORGE D. MlTE,.
r. j hUNbOLL Is u WUNDERLllH ii,
THOMAS O'NElL J. II. kEEFE,
GhObGE DYCHE, IN COOKE
A. BROWN, RICHARD MCGUIRE
ED MARIN, A. BOULi9NY
.. TRlCOU. A. bESSOMMES,
p. HARRIS. E.G. JORDAN,
G. BkkTINs. C.O'BRiBN
And others
CHARLES MARIN.
A. PfLLERIs Witnesses
f. EUDE, Notary Public.
2, tha undersigned, deputy recorder for the city
and parish of Orleans, do hereby certify that an
act OF Incorporation of the Workingmea's National
Fire Insurance Company OF Louisiana was duly
recorded in this office, in society book nine, felo
252 ana seq.
c. DARCANTEL, Deputy.
New Orleans, September ID, 1873.
Thereby certify the foregoing to he true and
correct copy of the original act Of incorporation
file 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. ID. 1873
ial II Is fel K. EUDB, Notary Public.