The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-15
CHARTER.

on this eighth dsy Of May in The wear one thousan
e,gnds . n.ndTed and .evsntyavs bsSsEs me. job
auale4 and in the presence q tie witnesses hers
Personally came and appeared Joseph Smith
Pierre Ceutolon, Michael J. Pons, Pierre Cauterou
John RisAm. DUmiDgo Negrotto, j., David Leubrie
entine Fabian, Charles A. Stein, Patrick Clark Han
W Salisbury Andrew II. Pens, Charles H. Mill, act
e y IN ad ss Of .,,A ~ a.
Iattache4, all of this city
Who severalIy declared that awaiting themselves o
this Safe relative t. the organia.tsn Of corprs
presents DO fem themselves into and constitute
e. re S1ss az and so nos
ing, tO-Wit:i Fta A@4 - 20 iN -
The name snd title Of sid corporation shall be the
lsGRANCE COMPANY OF NEW ORLEANS
and its domiee shan Be in the city Of New Orleans
State Of Louisiana It shall exist for the period Of
twenty Eve years from the date of this char er and
shall have power and authority to contract sue and
be sued in its corporate name. AL citations notices
other legal PROCESS Wherein the said company may
be interested shall be served upon the President
said com any. The seal Of said corporation shall
have for its device the picture of horse with the
be the words Louisiana BensvoIent Live Stock I'm In.
surance Company Of New Orleans. La"
M ARTICLE SECOND. e4
Tho objects and purposes for which said CORPORA
ton is established and the nature of the business to
be carried on are hereby declared to be:
Secondly-To indemnify the owners of such live
stock who have effected insurance in said company
or in the event of death. 5a5 a iaf-fcf cap
Thirdly-To secure better care and attention to
Fourthly- To give medical or surgical relief to all
live stock insured In the company
a ARTICLE THIRD.
The Capital Stock Of said Company Is hereby fixed
at Twenty five Thousand Dollars, divided into
twenty Ave hundred sharcs of Ten Dollars each,
Fifty Thousand Dollars. The Company is hereby
empowered to commence business so soon as five
thousand dollars of its capital stock shall have been
with. The payment Of the capital stock shall be
made - follows Fifty per centum ia cash, and for
the balance each subscriber shall furnish his promis
sorry note payable on the nrst day Of May 1876 said
note shalt Be subject to ca payments ct any time,
should the Board Of Directors deem the same
No stgekholdsr shall ]. II any event be made
Of his her or t6er subscription to the capital stock
their indebtedness to tho Company. Subscribers
subscriptions in cash, in which event interest as
hereinafter provided shall attach to such subscrip
lions from tho dSte that such full payments shall |
made on the books of the Company at its Office only
Transferees Of stock not fully paid up shall assume
all indebtedness Thereof, and the same shall be sp-
0f any stakeholder to comply with the calls made |
upon him. the stock owned by such holder, with |
an the accommodations thereon. shall be liable to for
fixture to the Company by q vote of the Board of
Directors to that eject provided that the Board Of
Directors may extend said payment for such time as
they may deem proper, or the Company may elforce
the payment thereof a5t g. -
Ar interest dividend Of ten per cent the amount
paid In shall be payable annually on the first Monday
in Nay Of each year. commencing with the year 1e76
the profit remaining to the company shall be appro-
priated - follows Ten per cent shall 60 toward
The e, creation Of AZ. Fund stock dividend
~ their paid up stock and the balance shall be di.
vded pro rata amongst the policy holders of the
pany An interests received OF profits realized on
made out Of the "Reservs Funa" unless all other
funds Of the company excepting the capital stock
,ea ARTICLE FOURTH ' NM
All the corporate powers Of this Company shall be
endent, and Board of Directors composed Of seven
Stockholders I, Gliding the President Each of the
Board Of Drect.ys in order to be eligible shall hold
Stock OF the said Company. The officers of the Gem
'any SHAH consist Of President, Secretary. Super
ntsndeDs and Inspector, no shall be elected snnu-
lily, and hold their Offices for the period of one
ear. Until the first election to be leld in the
month Of December 1875 and until their successors
roo sSa bs Psidsut tnu ~ Pen. Vice
aesrintendsns ana Dr. Charles siein Inspector sS
The first Board Of Directors shall consist of the
blowing stoekholders Of the Company, to wit: II
d. NegrottO, Jr., Pierre CanterOu, p. COutslon, |
The said Board shall continue in Office until the
rat Monday of the month of December in the year
Eighteen hundred and Seventy five, and until their
nccessors shall have been duly elecred and qualified
The President shall preside at all meetings of the
GARD Of Directors and Stockholders Of the Com
any BE shall sign all policies, checks and certia
It's required for the transaction of the business of
10 Company In case Of the absence Of the Hesi-
mt the vice nj s ma take his place act in
he Vice President shall be the Chairman of the FL
NICE Committee. 1t shall be the duty Of the Super.
pertaining to his department. He shall II con-
motion with the Inspector make monthly tour Of
spection Of the i've stock insured in his Company
observe their condition and treatment. He shall
port any violations of the rules Of the Company,
I'd shall upon the death of any animal insured by
. Company, make careful inquiry and and ascertain
agents subject to the Presidents approval
1t shall be the duty of the Inspector to examine all
Value and IN of dea the tSereo
d furnish such statements to the Superintendent
d President of the Company. The Inspector, with .
ect;on of all animals insured in this company The
spector shall also promptly attend with medical or
rgical relief to all animals insured in the company
which have been reported sick, and render such
until their restoration to health. !
.s ARTICLE FIFTH. 4. e /
All insurances effected in this Company shall be /
on the basis Of twothirds value or less but no 4
uranoe upon any single animal shall amount to -,
Or one hundred and fifty dollars There shall be y
'on the death Of any live stock insured in this :,
mpany it shall be the duty Of the owner thereof :
s Sy 4 p9a1s
night to the Company. The Inspector shall make =