The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-26
CHARTER OF GLOBE ACCIDENT AND
CASUALTY COMPANY

United States of America, State of Louis
lana. Parish of Orleans, City of New Or
leans. Be Vt known thai 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. IS of 1906 as amend
ed by Act 240 OF 1916 and Act 246 of 1908.
Of the General Assembly of the State of Lou
isiana, they do by these presents covenant
and agree and bind themselves, as well as
such other persons as may become hereafter
associated with them, in order to form and
constitute 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 it shall have and enjoy
all the tights, 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 nine 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,
alter or amend at pleasure; to hold, re-
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; to have and employ such
managers, agents and other employees as the
interest and convenience OF said corporation
may require or 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 on the
President, or in the event Of his absence,
upon the Vice.President, or 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 collectible 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 TOR
sums of Five Hundred Dollars or less on
single life on which policies or benetit
certificates provide weekly cash benefit
for disability, caused by sickness or acci-
dent, of Twenty Dollars per week or less, or
which provide for the attendance OF ply
stefan OF. supplying of drugs, or furnishing
a funeral.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum of
Ten thousand (s10.oO0.oO Dollars, divided in.
to and represented by Two Thousand (0o0)
shares of the par value of Five $500 Dol
lars each, which shall b. evidenced by GER
Il Iii L.. f,,tl IN, Sh
before being issued. Such certificates of
capital stock shall be transferable only on
the books of the corporation and shall be nom
assessable.
ARTICLE YAH 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 a quorum, and majority OF those
in attendance may transact all business.
The Board of Directors snail have power to
make. amend and abrogate all bylaws, rules
and regulations for the management OF the
affairs of the corporation. to appoint, en-
ploy and discharge all officers, agents and
employees; fix all salaries and remuneration;
and generally to do an dperform all things
necessary in the transaction of the business
and affairs of the corporation; provided that
the Board may delegate to the President, or
other persons. selected by 1t, or to such
committees as they may create from among
their own number, such authority. as they
may deem proper. The officers of the cor
poation shall be President, Vice-Presi:
dent and a Secretary Treasurer, who shall
be elected annually by the Board of Diree.
tors The first Board of Directors shall
consist of Paul Conrad, F. L. Cazenavette.
Charles Carmouche, Frank Carmouehe and
R. E. des les Reyes, who shall hold office
until the s0th day of November. 1919, or
until their successors are duly, elected and
qualified, with the said Paul Conrad as
President the said F. l. Cazenavette as
Vice. President and the said Frank Car
mouche as Secretary Treasurer. On the
50th day of November, 1919, and annually
thereafter, or as soon as possible after said
date, at a meeting of stockholders called for
that purpose, an election of Directors shall
be held at the office of the corporation,
after ten days written notice mailed to
each stakeholder at his last known address.
At said election each stakeholder shall be
entitled to cast, either in person or by duly
authorized written proxy, one vote for each
share of stock, not in excess of one tenth
Of the capital owned by him and of record
in his name on the bo1xs of the corporation
at the date Of the election, and a majority of
stock present or represented shall be suffi.
cient to elect. Vacancies in the Board of
Directors shall be filled by 1t from among
the stockholders Of the corporation. Failure
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