The herald., 1920-12-09
CHARTER
CHARTER OF CITIZENS LIFE IN>JR-
ANCE COMPANY.

! United States Of America. stat" Of Lou
. iSiauu. Parish of Orleans. IitE OF New or
/ leans Re il known. That on this No
/ V-ubrr 10th, 1920. betuT" me-. Edward
/ Ri-htOr. q Notary Public. duly commits
! stoned and qualified, in and for the Tar
I iSh and state aforesaid. therein Residing.
/ and in the presence Of the witnesses here
/ matter mined and undersigned, personally
/ came and appeared the persons whose
names are herruntO subscribed. all Of the
full age of majority and residents Of this
State and citizens Of the United StateN
who sevcrally declared thar. Hyailing th"U-
selves of the provisions of Act No. 100 OF
1895 Act No - of 1906 as amended 10y
Act 30 Of 1916. and Act 24G of 1905 Of
the General Assembly Of the State Of Lou
i>iana. they do by these presents covenant
and agree and bind themselves. as We'll as
such other persons as may become here
after associated with them. in order to
form ana constitute corporation or body
polite in law. for the objects AMI pur-
poses and under the stiPulatiUn> follow
ing:
ARTICLE 1.-The name and IT'LL of this
corporation shall be Citizens Life lU-ur-
auce Company, and under that name IL
shall have and enjoy all the rights priyi-
legrS and advantages granted 10y law To
corporations and shall have the power and
authority TO enjoy succession and cor
pOrat" existence for and duriu: TIA" period
Of ninrty-ninr years from the dat" hereof.
unless sooner dissolved in the manner
hereinafter provided for.
said corporation shall have power and
authority to contract. to sue ana D." sued.
70 MAX" and use a corporate seal, and the
same 10 break. alter OF amend az pleas
ure; to hold. receive. purchase, convey. de-
liver, mortgage. hypothccHtc and pledge
any property, real or personal. ana 10 j.
sue notes and other obligations. negotiable
instruments or other evidences OF debts. 10
have and employ such managers agents
and other employees as the interest and
convenience Of said corporation may To-
quir" or demand, and To make and rS-
tahliSh such bylaws. rules and regulations
for the corporate management and control
of it, affairs AS may De deemed necessary
and eNUedirnt.
ARTICLE 1.-THE domicilr Of this cor
poratiOn shall be in the civ of New or
leans, Parish Of Orleans. State OF Louis
lana. and all citations and other legal
process shall be served on its President
or in the event of his absence. upon the
Nirc-Pro>ident or in the event Of IN, alb
S"nce of both Of said officials. upon tn,
SECRETARY
ARTICLE III.-The objects and pur.
poses for which this corporation j. created
ana the nature of the business To b.. car
ri"d on are hereby declared 10 De-. To-
carry on an industrial life insurance bust
ness in all of its branches. for which stiru-
lated premiums. advauc" assessments or
dues are regularly payable and cplI,.pri-
bile every four weeks, tri-wrrkly. hi-wrrkly.
weekly. semi weekly or ut any other stated
terms not exceeding one calendar month
apart and the policies or benefit crrtiri-
Gates for which are for sums of five hum
drrd dollars or less. on a single life. or
which policies or benefit certificates pro-
vide weekly cash benefit for disability.
caused by sickness or accident. Of twenty
dollars per week or less. or which pro
vide for the attendance of q physician or
supplying drugs, or furnishing a fun
crul
ARTICLE IV.-The capital stock Of this
corporation is hereby fixed nj the sum of
ten thousand tSlOUUOO0J dollars divided
into and represented by one thousand /
O.oool shares Of the par value Of ten tSIoI /
dollars each, which shall be evidenced 10y /
certificates and shall be fully paid in cash /
brior" being issued. Such certificates Of I
capital stock shall be transferable only /
on tn" books Of the corporation and shall /
be- worcestershire.
All stock of this corporation. provided
for herein or that which may be hereafter /.
issued. shall be valid only il signed D., /
tn" President and counter-signed by the /
Secretary.
Before any stakeholder shall sell or dis /
pose of his stock in the corporation. ne .
shall give thirty days written notice of his .
intention so TO do to the corporation, dur
ing which thirty days the corporation it. /
self shall have the right of purchasing the .
stock AT its book value
ARTICLE V.-AH the corporate powers
of this corporation shall be vested in and !
exercised by a Board of Directors com
posed Of not less than five nor more than .
nine stockholders, all of whom shall b.,
citizens Of the United States and residents .
of the State of Louisiana and each shall I
own at least ten shares of stock of this
corporation. They shall hold office for
hVe years or until their successors are
elected and qualified. The Board of Di-
rectorS shall hold monthly meetings.
The Board Of Directors shall nave pow
er To make, amend or abrogate all bylaws
rules and regulations for the management
OF the affairs of the corporation; to al
point, employ and discharge all officers
agents and employees; fix all salaries and /
remuneration and generally TO do and per
form all things necessary in the trans
action of the business and affairs of the /
corporation: provided that the Board may .
delegate to the President. or other persons
selected by II, or to such COMMITTEES as I
may create from among their number .
such authority as they may deem proper.
The officers OF the corporation shall be .
a President. a Nice-PreSident a Secretary
nually by the Board of Directors The
and Treasurer, who shall be elected an