The herald., 1919-01-09
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 this November
30. 1918 before me, Edward Rightor, a No
tary Public, duly commits sioned and qualified,
in and for the Parish and State aforesaid,
therein residing, and in the presence OF the
witnesses hereinafter named and underslgn-
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 as amend
ed by Act 240 of 1916 and Act 2+o 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 a 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 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 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 or amend at pleasure; to hold, re-
ceive purchase, convey, deliver, mortgage.
| 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
|
| 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
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 for
sums of Five Hundred Dollars or less on
a single life which policies or benefit
certificates provide weekly cash benefit
| for disability, caused by sickness or acct
dent, of Twenty Dollars per week or less, OF
which provide for the attendance of a ply
stefan or supplying of drugs, or furnishing
a funeral.
ARTICLE Iv.-The capital stock of thi.
corporation is hereby fixed at the sum Of
to and represented by Two Thousand 5000
shares of the par value of Five $500 Dol
lars each, which shall be evidenced by Ger
tificates which shall be fully paid in casl
capital stock shall be transferable only oil
the books of the corporation and shall be non
| assessable.
ARTICLE Vail the corporate powers o
! this corporation shall be vested in and ex
ercised by a Board of Directors, compose
of five stockholders. four of whom shall con
stitute a quorum, and a 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 tn
affairs of the corporation, to appoint, en-
;; ploy and discharge all officers, agents an
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 sue
, committees as they may create from anon
their own number, such authority as the
may deem proper. The officers of the col
poation shall be President, Vice-Pres
dent and a Secretary Treasurer, who shal
be elected annually by the Board of Dire:
tors. The first Board of Directors shal
consist of Paul Conrad, F. l. Cazenavettt
Charles Carmouche, Frank Carmouche an
4 R. E. DIES les Reyes, who shall hold offic
z until the 30th day of November, 1919, O
until their successors are duly elected an
2 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
E 30th day of November 1919, and annual
thereafter, or as soon as possible after sal
date, at a meeting of stockholders called 70
that purpose, an election of Directors sha
$ be held at the office of the corporation
after ten days written notice mailed
y each stakeholder at his last known address:
E At said election each stakeholder shall b
q entitled to cast, either in person or by dull
1 authorized written proxy, one vote for eac
Q share of stock, not in excess of one tent
d of the capital, owned by him and of recor
:. in his name on the books of the corporatio
d at the date of the election. and majority {
e stock present or represented shall be stuff
T cient to elect Vacancies in the Board
d Directors shall be filled by it from anon
d the stockholders of the corporation. FaiIui
h to elect Directors on the day above specific
shall diSea1,ra La 81