The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-14
CHARTER.

qualified and in the pre- Of the witnesses here
matter named and undersigned
Personally. came and appeared Joseph Smith,
Pierre Coufolon Michael J. Pons. Pierre Canterou
John Riehm Domingo Negrctta, Jr David Leubrie.
entine Fabian, Charles A. Stein Patrick Clark, Har-
Wy Salisbury. Andrew H. Pons, Charles H NH, act
ing as attorney in fact Of Augaste Utter as per
attached, all of this city
Who ssveraly declared that availing themselves of
the rights and privileges conferred by the laws of
this State relative to The organization of corpora
tOns, they have formed and organized and by these
| presents do form themselves into and constitute
corporation for the objects and purposes and under
the stipulations, regulations and Obligations follow
ing tO-wit:
ARTICLE FIRST.
The and ttl- Of said corporation shall be tho
SURANCE COMPANY OF NEW ORLEANS"
and its domicile shall be in the city of New Orleans
State of Louisiana: 1t shall exist for the period Of
twenty-five years from the date Of this char er and
shall have power and authority to contract sue and
be sued IN its corporate name All citations notices
be interested shall be rved upon the President Of
| said com any. The seal of said corporation shall
have for its device the picture of horse with the
be the words, Louisiana Benevolent Live Stock In.
srrance Company of New Orleans. La"
ARTICLE SECOND
The objects and purposes for which said corpora
ton is established and the nature of the business
be carried n are hereby declared to be:
cows and other live STOCK f '
Secondy-To indemnify the owners of such live
against auy loss of said live stock Fl her bv accident
or in the g Vent of death ''o' '''A - '~NA'
rI,;raI,, ~. aaannn no+.o, 90. "a ,...,.;o. j..
work. mo stock "o''o- '-'o GU" '''eAoA "
Fourthly-To give medical or surgical relief to all
live stsck insured in the company
ARTICLE THIRD.
The Capital Stock of said Company is hereby fixed
at Twenty five thousand Dollars, divided into
fvy Euah vyv1 rs no11o
with The m ;v;Ia~ of inc aas;nr cold ca;taI stocL 20
NJ 'rT VI c easihg sau capltai stocA "
emnowered tn commences Ins;neSa =" :1on az Sys
Thousand dollars Of its c,n;tai aocS b,I hva hnsn
subscribed and the reonisitos Of the law complied
with The nayment Of the canital stock shall he
made az follows: Fifty per centnm t. cash. and for
sorry note payable The prst day Of May s76; said
note shall BE- subject to ca payment at any time
| sary. No stakeholder shall in any event be made
liable for larger amount than the unpaid balance
| or their Indebtedness to the Company. Subscribers
may at any time pay up the full amount of their
subscriptions in cash, in which event interest,
hereinafter provided shall attach to such subsc Grip
tons from the date that such full pay 20 ents shall
have been made. II transfers of stock shall be
made the books of the Company at its office only.
Transferees of stock not fully paid up shall assume
all indebtedness thereon and the same shall be ap-
proved by the Board of Directors Upon the failure
upon him, the stock owned by such holder, with
all he accumalatons thereon, shall be liable to for
fixture to the Company by a vote of the Board of
Directors to that effect provided that the Board of
Directors NAV extend said payment for such time as
they may deem proper, or tho Company may enforce
the payment thereof.
An interest dividend of ten per cent on the amount
paid in shall be payable annually on the first Monday
in May of each year. commencing with the year 1o76
the profit remaining to the company shall be a, pro-
priated as follows Ten per cent shall 90 toward
the creation of Res erve Fund" a stock dividend
u he sa be-
vded pro amongst the policy holders of the com
pany. All interests received or profits realized on
loans and investments shall also be placed in the
IRE serve Fund" No psyments of losses shall be
made out of ths Reserve Fund" unless all other
funds of the company excepting the capital stock
sha Ii have been exhausted
"
ARTICLE FOURTH.
Au.h oorr.,o. ,.u, - All; r,.,u. .u.
St ~ anu % go Dy Ine fresiuen. ospern
n"nd;n IN Woo " s %
Rosrd ~ H;.at IN 3D. .n0 - h ;I a Iii h SI
-; a.; Ur @ % It ~. =. uI oioie sn" @ nvI
StoI ~ th LII S r. '0 w. a; .t ~ " p 81
pauy shall consist of President Secretarv VS. s1rer
tntayydan. oua Insnaotor nj Sh.i, IL 49,, "
oii snd h"I% ths is wv & III NC ;oS - @
a9r rnt tba fst oIa.;om ' t ~ Id =; ~
hn h ~ I'LL Al, i. anu I nJit n MI
@rotto .Tr shall hs Presdspt u P"ns Vico
President Charles II Mi Sscretarv. n Ts,bra
Superintendent and Dr. Charles A. Stein. INSPECTOR
OF the SAID Company
Inc nrst board OF directors snail consist OF the
following stockholdeIs,Of the Company to wit
y; Negrott1' r., Pierre Canterou, 7: Coutelon,
, Merz a. r. I9ns Joseph omtn ana y. Lemor Q.
The said Board shall continue in office until the
mrs, MONDAY OF the month OF december IN the year
Elghteen hundred ana Seyenty;hve and unt'i their
successors sna nave Oeen any eiec ed ana quailhed
Inc resident shall preside at an meetings OF the
BOARD OF directors ana otockhohiers OF the Con
Pany ne slal sign al oncles checkS anu cerun-
cates anu generaily 90 snd perform an executive
acts requreu Ior the TRANSACTION OF the Cusng,s OF
lne oonP1ny. IN ease u tn1 absence OF tne rresl
9ent tne vice PRESIDENT shali take bis place. ACT IN
lne VIE .Tesiueht shal pc the chairman Oh tne RI
intendent tn transact the bnsness of tho Connpny
appertaining to his department. He shall in con
junction with the Inspector, make monthly tour of
inspection OF the live stock insured in his Company
to observe their condition and eatment. He shall
epofI any Nioiatiohs VI the rucs VI the company
the Comnanv make careful in1uirv and ascertain
the nature and cause tf death He shaIl annoint
ali AGENTS subject to the Presidents annroval
It shall be the duty of the InsDector to examine all
animals offered for Insurance report their Condition