The herald., 1918-12-12
CHARTERS
CHARTER OF GLOBE ACCIDENT AND
CASUALTY COMPANY

| United States of America, State of Louis
| lana. Parish of Orleans, City OF New Or
| leans Be it known that this November
30 1918, before me, Edward Rightor, a No
| tary Public, duly commissioned and qualified,
| in and for the Parish and State aforesaid,
| therein residing, and in the presence OF the
| witnesses hereinafter named and undersign-
ed, personally came and appeared: the per
| sons whose names are hereunto subscribed,
| all of the full age of majority and residents
| of this city, who severally declared that
| availing themselves of the provisions OF Act
No. los of 1898, Act No. 65 of 1906 amend
| ed by Act 24O of 1916 and Act 2+6 of 1908
of the General Assembly of the State Of Lou
| isana, they do by these presents covenant
| and agree and bind themselves, well as
such other persons may become hereafter
! associated with them, in order 10 form and
| constitute 4 corporation or body polite in
law. for the objects and purposes and under
! the stipulations following;
| ARTICLE 1.-The name and title of this
| corporation shall be: Globe Accident and
Casualty Company, of New Orleans, La. and
under that name il shall have and enjoy
all the rights, privileges and advantages
| granted by law TO corporations, and shall
| have the power and authority TO enjoy sue
| cession and corporate existence for and dur
| ing the period Of ninety-nne years from the
| date hereof. unless sooner dissolved in the
| manner hereinafter provided for. Said cor
! poration shall have power and authority to
| contract, to sue and be sued, TO make and
use a corporate seal, and the same to break,
| ceive, purchase, convey, deliver, mortgage.
! hypothecate and pledge any property, real
| or personal, and TO issue notes and other OBJ
legations, negotiable instruments or other
evidences OF debt: 10 have and employ such
managers, agents and other employees as the
interest and convenience of said corporation
may require demand, and to make and
establish such bylaws. rules and regulations
for the corporate management and control
of its affairs as may be deemed necessary
and expedient..
ARTICLE 1.-THE oomicile of this cor
poration shall be in the city of New Or,
louisiana. and all citations and other
legal process shall be served the
President in the event of his absence,
upon the Vice President, in the event of
the absence of both of said officials, upon
the Secretary Treasurer.
ARTICLE III.-The objects and purposes
for which this corporation is created and
| the nature OF the business TO be carried on
are hereby declared to be: To carry on an
industrial life insurance business in all OF
its branches, for which stipulated premiums,
advanced assessments or dues are regularly
payable and collectble every four weeks,
tri-weekly. bi-weekly, weekly, semi-weekly
or at any other stated terms not exceeding
one calendar month apart, and the policies
or benefit certificates for which are for
sums of Five Hundred Dollars less on
single life which policies or benefit
certificates provide a weekly cash benefit
for disability, caused by sickness or acct
dent, of Twenty Dollars per week or less, or
which provide for the attendance OF ply
stefan or supplying of drugs, or furnishing
a funeral
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum OF
Ten thousand (Sl0,000OO) Dollars. divided in
to and represented by Two Thousand (2OO0)
shares of the par value of Five $500 Dol.
lars each, which shah be evidenced by GER
tificates which shall be fully paid in cash
before being issued. Such certificates OF
cantal stock shall be transferable only or
the books of the corporation and shall be non
assessable.
ARTICLE V.-All the corporate powers Of
this corporation shall be vested in and ex
ercised by Board Of Directors, composed
of five stockholders. four of whom shall CON
stitute quorum, and a majority of those
in attendance may transact all business
The Board of Directors snail have power t.
make, amend and abrogate all bylaws, rule.
and regulations for the management of the
affairs of the corporation, to appoint, EN-
ploy and discharge all officers, agents anC
employees; fix all salaries and remuneration
and generally to do dperform all thing.
necessary in the transaction of the bushes.
and affairs of the corporations; provided tina
the Board may delegate to the President, OF
other persons, selected by it, or to suci
committees as they may create from anon,
their own number. such authority as the,
may deem proper. The officers of the cor
poation shall be a President, Vice-Presi
dent and a Secretary Treasurer, who shall
be elected annually by the Board of Direc
tors. The first Board of Directors shall
consist of Paul Conrad, F. L. Cazensvette