The New Orleans Democrat., 1876-07-18
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nHAKTER.

TATE OF L9qNislaSSA q Nsw 3 Sf,sal,s.MBs n II known,
,lat nn IN, t,fteentb day of the month q June
IN the rear OF onr Lord one th2,isend
nfea ~ ~ PHI nted Slafes u America The one hun
dredtbS bafore ne. Andrew Hero. ~ ~ EosfEy sy
Pabic II and f ss paalsh INV s'a 3
ansses a,sa hereinafter named and underslgned'
,,,ersnnaily came and appeared the sevefa par-
III N, 90 names are hereunto subscribed VINO
sexerally declared. that ayaihng t@nensen,ss; @ @ y,
the provisions 9 lne f laws =, e for Works d
p,h,ia nj IN movements and other purposes thsy
hava eoyananted aud agreed. ana 90 py these
p,,fan pi,Erse aa vell az such other persons as may
hereafter he associated with them 10 FORM lnsni1
selyes into pnd nenHstn'g apd urnoses
and under theeondItionH, stpulatlons uilesu-
lafions following, viz:
49, ARTICLE FIRST. a
obis co,nna,1y shall be dorniced In the. city
q, Nav oriaans tarish Of Orleans. stateof Lou
isans sss f4' 5 t12y lS y q
vjea fhefenn 70 be the American insignia Win
the name of the company encire,ing the same .,,o
The president and II hs aosenes III 5ha fibe he
he nrnl1er officer upon whom all citations or
otber legal process shall Deserved.
ARTICLE SECOND 4ett
The objects and purposes o. this companys lqr o.,
which it Is established. are hereby declared 10
Frst-To make insurance on ,dweIiihg,i
| tanaea stores and other buildings, house1old
furniture merchandise and other properly,
against loss OF damage by Tire. ~ ,,n
seconTo make man ma5,ne s,onss wres ppSn mer
aIandisa specie, bullion, com missions; pfoii's'
bank notes. bills of exchange. and other eyl-
denees of debt b9tomIrIy I ana vs fesPoa loaran. an
| pertaining to or connected with marin VI in-
/ land transportation risks. . g.,
| sThird+Ihey may cause themselyes " po ~.
| insured against any risks upon which they may
| have made or shall make insurance. ff
..,.i.a-Is ARTICLE THIRD. .es
The capia stock Of the company is hereby de,
cared 70 be the sum Of Iour hugdreu tnoasa 3 sl
| dollars each payable In fun mt the time OF sup,
spri,tion with the privilege 81 increasing saln
cstptnl stock 10 one miliion COLLARS ~ iieIeih
'iipa ha ptinnnee Committee shall have the power
4 to purchase stock Of the company at suen price
as they may deem advisable lor the interest Oh
/ The c"mpany may from time to time Issue
stock At not less tha " t ar ~ pa"sf to %
| million dollars, bya vote of The malgrlV ol tn9
| diraefors at d meeting of the board. convened
ait pfba .5se o,,,any nav At the request of the as
sured. grant such rebate in lieu oi diVlaahot ~ h
my a ee s,nan bner shall in any event be held or
/ made liable for the losses Of the company ~ any
! iareer sum than the amount OF stock aeid py
' 'piyidepds Of profits shall bedeclared upon the
/ IA hr,ad preyuiums transfers of stock shall
only beinade on the books OF the company VII W.,
1 it's consent aud on the demand of the legal hodef
thereof and surrender OF the eeltilloite. t.j zH
i sds s ARTICLE FOURTH. s4t
IL All t,le powers of said Company shall be exer4
4 s-ised by q Board of Directors and sneh Qlneets
Y and clerks as they may appoint. ~.
| rhe Board of Directors sb Ill consist of twelve
4 persons. FIVE of whom shall constitute quorum
sbali he eiaetad bv the stock holders on the FIRST
Monday in January of each year, at the d9nilclle
Of the company IN this city q wlilen eiegs,3n .
| Two of the public newspapers published in thus
city. The Beard Of Directors shall appoint
y sPeabers 4 ab sad u pnspano prsslas -
Y decline Or fall to attend, the President may az,
roint others to fillesuch vacancies, The Board
/ the second Monday OF January next ensuing
after their election, and TO hold the same one AZ
yoar therefrom OF until others are elected IN
The persons receiving plurality .Qf votes
| shall be considered duly elected. In the event
| of no election taking place on the day aforesald
The President shall cause another election tq
take place within ten days from the said hrs'
Monday of January ana give notice ol the sun.
by advertisement in one or more Oh the phohV
newspapers in this city. d,
Tba hoard Of Directors shall at their first
meeting. elect President ana wee frssien ~,
| election. be ex officio rnelnbers Qi SAID bQara q
Directors. and they shall hold their oihces unit
, their succeasors are elected
. / The Pres dent shall preside ut oil meetings o.
the Boprd of Directors and of the stoekholdefs
: of the company; he shall sign all policies ane
lerally, under the supervision oil tlie bVaro q
4 Directors. =, ,5 s -
President. shall preside at tho meetings aiore'
, said, and shall sign the pollcies ana CHECKS
The Rnard of Directors shall fix the com
pensation Of all the officers and employees
! Of the company; they may invest the 1unet
= Of the company from time 70 time. as herein
, After provided for. They shall have power Il
adopt such bylaws rs they may deem neces
| sary and convenient Tor the government an
4 regulation of the company, not inconE1sten
L with this charter and not contrary to the laws
of this state or Of the United states and thesl
shall hay haye bl poEee o 70 81 aG m aT IN th
sI state and elsewhere, and to I'LL all vacancies
: that may occur in their board.
who d )es not al the time OF his election an'
during his continuance in office, hold In hl
~ own name Or in the name Of the comnereta 3.
Arm of which he may be u partner. ut least Nv
4 shares OF the capital stock thereof, .y5
f-s. ARTICLE FIFTH w. a.af
II shall be lawful for the Directors TO invss
the capital stock and other moneys of the com
many In bonds or mortgages. and unineumbere
and improved real estate situated IN the parshe
OF Orleans and Jefferson. to an amount not ex
/, ceeding one fourth Of the profits Of the com
= rany and in each case the property shall b
deemed worth twice the amount loaned Thereon
They may aso y Pyfst I e ssb1 sap'h ~ sgis son m
3 or stocks created by or under the laws Il %
l. United States, or either Of the states OF the Unio
4 or 7corporations chartered thereby. or loan II
l. funds on pledge Of any Of the aforesaid secur
n ties, bonds OF stocks. or on pledge Of eotto
10 press receipts and on warehouse receipts to
n produce stored ther9in. r
!" The company may hold real estate to q
,r amount not exceeding one-fpnrth Of its NJ
profits. though 1t may be lawful Tor the director
m to purchase in addition thereto. any proper
" which may be moftgaged to the company at M
! forced sale OF the same, IT. i'm their opinion, Il
Is interests Of the company would be promote
thereby.
u cages obtained by way OF security. or oi me
A. con yeved to them in satisfaction of debts III
"a the company or purchased nc forced sale
o. which may have been abandoned 70 the col
ne pany. ,rr,r =, e.rv,rrr
H. AhIloLE olAIh.
a.. The following persons have been selected
3, thu I,,nrd Of nirectnfs hereunder viz.