The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-16
CHARTER OF GLOBE ACCIDENT AND
CASUALTY COMPANY

CASUALLY SOMPANf.
United States OF America, State OF Louis
lana, Parish of Orleans, City of New Or
| leans. Be it known thai this November
80 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 amend
| ed by Act 2+0 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, as we'll as
such other persons as may become hereafter
constitute corporation or body polite in
| law, for the objects and purposes and under
| the stipulations following:
| ARTICLE 1.-The 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 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 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
poraton 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
| the Secretary
| 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
| industrial life insurance business in all OF
| its branches, for which stipulated premiums,
advanced assessments 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 for
sums of Five Hundred Dollars or less on
a single life on which policies benefit
certificates provide a weekly cash benefit
| TOT QlSdDlnty, caused Dy Sickness OF aCCl-
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
corporation is hereby fixed at the sum of
Ten thousand C$l0OO00O Dollars, divided in
| to and represented by Two Thousand (2000)
shares of the par value of Five $500 Dol
lars each. which shall be evidenced by GER
tificates 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 nom
| 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-
sstitute quorum, and a 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 it, or to such
committees they may create from among
their own number, such authority as they
may deem proper. The officers of the cor
poation shall be President. -Presi-
dent and 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. Cazenavette,
Charles Carmouche, Frank Carmouche and
r. +. des les Reyes. who shall hold office
until the 30th day of November, 1919, OF
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
9th day of November 1919, and annually
| thereafter, or as soon as possible after said
date, at meeting of stockholders called for
! mat purpose, election of Directors shall
De held at the office of the corporation,
af'er ten days written notice mailed to
each stakeholder at his last known address
At said election each stakeholder shall be
emitted to cast either in person or by duly
authorized written proxy. one vote for each
snare of stock, not in excess of one tenth
OF the capital. owned by him and of record
IN his name on the BOOKS of the corporation
at the date of the election, and majority of
stock present or represented shall be suffi-
gent to elect Vacancies in the Board of
IN shall be filled by it. from among
the stockholders of the corporation. Failure
to elect Directors on the dax ahoxe snec;fied