The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-19
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 thai on this November
30. 1918, before me, Edward Rightor, a No.
taTy 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 we'll as
such other persons as may become hereafter
associated with them, in order to form and
constitute a corporation or body polite in
law, for the objects and purposes aud 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 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 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 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.
leans, Parish of Orleans, State of
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
ARTICLE lU-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 lite 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-weekIy
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 or less on
a single life on which policies or benefit
eerhticates provide weekly cash benefit
tor disability, caused by sickness or acct
which provide for the attendance of a 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
len thousand (Sl0,0000O Dollars, divided in
to and represented by Two Thousand (aOOO
shares Of the par value of Five $500 Dol.
lars each, which shall be evidenced by GER
titicates which. shall be fully paid in cash
before. being issued. Such certificates Of
capital stock shall be transferable only on
the books of the corporation and shall be non.
assesssble.
ARTICLE v.-All the corporate powers oil
tins corporation shall be vested in and ex.
ereised by a Board of Directors, Composed
OF five stockholders four of whom shall CON.
sti'ute quorum, and a majority of those
IN IN attendance may transact all business
me board OF Directors snail have power TO
MAKE, amend and abrogate all bylaws, rules
ana regulations for the management OF the
aitairs OF the corporation, to appoint. EN-.
Ploy and discharge all officers. agents and
employees; fix all salaries and Remuneration.
anu ano. seneraily to do an dperform all things
necessary in the transaction of the bus;nass
aI affairs of the corporation: provided ths,
me Board may delegate to the Pres;de,. -.
otner persons, selected by II. or n such
tbe;r ows as they may create from among
may deem proper The Officers ~ a.. 1ey
S Sos,'on shall be a President. a Vice.Pre
gent and a Secretary-Treasurer who sbsiI
oe elected annually by the Board Of D;rec.
Tors. The first Board of Directors sh.ii
consist OF Paul Conrad, F. L. Cazenavet,e
S > Carmouehe, Frank Carmouche and
X. Z. des les Reyes, who shall bold ofs;ea
until the SOth day of November. 1910 ~
until their successors are duly elected ~
qualified, with the said Paul Conrad ~
PRESIDENT, the said F. L. Cazenavette 80
Vice President and the said Frank ca,
mouche as Secretary-Treasurer. On IN.
S9th day of November, 1919, and annuaIIv
hereafter, or as soon as possible after said
date, at meeting of stockholders called fo-
that purpose, an election of Directors shall
DC held at the office of the corporation
after ten days written notice mailed r.
each stockholder at his last known address
AT said election each stakeholder shall he
untitled to cast, either in person or by duly
authorized written proxy, one vote for each |
mare OF stock, not in excess of one tenth
u the capital, owned by him and of record
n ms name on the BOOKS of the Corporation
Z the date of the election, and majority Of
took present or represented shall be suffi.
lent to elect. Vacancies in the Board 81
directors shall be filled by it from among
ne stockholders Of the corporation. Fa;InrS
elect Directors on the dav ahove er..;f:.I