The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-02
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
90 1918, before me, Edward Rightor, 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 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 1893, Act No. 65 of 1906 as amend
ed by Act 240 of 1916 and Act 2+6 of 1908,
of the General Assembly OF the State of Lou
isiana, they do by these presents covenant
and agree and bind themselves, well 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 and under
| the stpuations 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.
poraton shall have power and authority to
contract, to sue and be sued, to make and
| use corporate seal, and the same to break
| alter 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
| leans, Parish Of Orleans, State OF
Louisiana. and ali citations and other
legal process shall be served on the
President, or 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 ILI.-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 an
| industrial life insurance business in all OF
| its branches, for which stipulated premiums
advanced assessments or dues regularly
| tri-weekly. bi-weekly, weekly, scmi-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 or less on
single life on 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, oil
which provide for the attendance of a ply
stefan or supplying of drugs, or furnishing
| funeral.
ARTICLE Iv.-The capital stock of thi:
| corporation is hereby fixed at the sum OF
Ten thousand (SlOOOO.OO) Dollars, divided in
| to and represented by Two Thousand COCO
lars each, which shall be evidenced by GER
tificates which shall be fully paid in casf
before being issued Such certificates o
capital stock shall be transferable only OF
the books OF the corporation and shall be non
| assessable
ARTICLE V.-All the corporate powers o
this corporation shall be vested in and ex
ercised by a Board of Directors, composed
of five stockholders four of whom shall con
stitute a quorum, and majority OF thos
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 TIL
affairs of the corporation, to appoint EN-
ploy and discharge all officers, agents ant
employees; fix all salaries and remuneration
and generally to do an dperform, all thing
necessary in the transaction of the bushes
and affairs of the corporation; provided tina
the Board may delegate to the President, o
other persons, selected by it, or TO sucl
committees as they may create from amon
their own number such authority the.
may deem proper. The officers of the cor
poation shall be President, Nlce-Presl
dent and a Secretary Treasurer, who shall
be elected annually by the Board of Direc
tors. The first Board of Directors shat
consist of Paul Conrad, F. L. Cazenavette
Charles Carmouche, Frank Carmouche AM
R. f. des les Reyes, who shall hold offic
until the 3Oth day of November, 1919, o
until their successors are duly elected an
qualified. with the said Paul Conrad a
President the said F. L. Cazenavette a
Vice President and the said Frank Car
mouche as Secretary-Treasurer. On tn
S0th day of November, 1919, and annuall
thereafter, or as soon as possible after sal
date, at meeting of stockholders called 70
that purpose, election of Directors shall
be held at the office of the corporation
after ten days written notice mailed t
each stakeholder at his last known address
At said election each stakeholder shall b
entitled to cast, either in person or by dull
authorized written proxy, one vote for eac
, share of stock, not in excess of one tent
of the capital. owned by him and of recor
in his name on the books of the corporatio
at the date of the election, and majority G
: stock present represented shall be suffi
r cient to elect. Vacancies in the Board
Directors shall be filled by it from anon
the stockholders of the corporation. Failur
! to elect Directors on the day above specific