The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-23
CHARTER.
CHARTER OF CITIZE>S' LIE IN~IR-
ANCE COMPANY.

ANCE COMPANY.
United states Of America, stat" ut 10.
Isiaua, Parish Of Orleans. city OF Ne" ur
leans. l." il known. That ora this $40.
vcmh"r Goth. 1870. before mr. Edw.-.
liGhtOr Notary Public. duly '"nu....
stoned ana pualinrd, in aud for Do, F..
iSh and state aforesaid. therein residing
and in TIA" presence Of ia" Witness U.r.
matter named and undersigned, Trr-ur....
cam" ana appeared the persons ru...
names are h'F"hli" subscribed. all of f..
iull axe of majority ana residents uf This
stat" and citi"m> of th" United Star.-
who NrNrraiiE declared that awaiting than.
selves OF n" provisions "i Act No. JOB ..
ISIS Act Ne. '' "i 1900. aS amended b..
Act 40 Ut 1910. ana Act 80 OF l.N~. CO..
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L,y, and ,r'r,In, .,,. ,,.,.... vi ''''
"' an" 'IHiI"N H"'N managers. .-"..'r
anu "IH,r 'InPi"N',s "S t"" interest .us
'"i'"'l vi N''u corporation may ''
,iiiir - I'',''it, anu u" M.ht "lH '~
.nn'.H" sun 10y ''">' Iu''N ana reg .'i"H-
-, '',' 'l'''n' ,'H '''.'""
, ,,,',ii ''S may "' "'''"'" L''''-"i.
''"' NJ
ARTICLE 1.-The domicilc Of this cor
Horajlon shall be in th" City OF New or.
'"H>' I"rlsH oil orleans. stat" OF Louis
lauaS and all citations and other I.-..
process shall be served on its President.
or IN tn" event Of his ah>,icC. upon the
\ic"-PrrSid"nt. or in the event of the alb
s"ho" OF both OF said officials upon iL.
SECRETARY.
ARTICLE III.-The objects and uur.
poses for which this corporation j. created
and the nature Of the business 10 Doe car.
rlrd on are hereby declared 10 h'' To-
carry on an industrial life INSURANCE huaI-
ness III all Of its branches, for which >ripu
lated premiums. advance assessments or
dues are regularly payable and collect
Die every four weeks, trI-w"rkly, bi-w,rElg.
weekly. semi weekly or at any other stated
terms not exceeding one calendar mouth
apart, and the policies or benefit ccrriH
Gates for which are for sums of fivn hun
dred dollars or less. on single life. cor
which policies or benefit certificates ,ru-
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 physician or
supplying drugs, or furnishing a fun
ARTICLE IN.-The capital stock of this
corporation l. hereby fixed at the sum OF
ten thousand tSlOw0.0Ui dollars. divided
into and represented by one thousand
$1,000 shares of the par value Of ten $50
dollars each, which shall Ice evidenced by
certificates and 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 worcestershire.
All stock of this corporation. providad
for herein or that which may be hereafter
issued. shall be valid only if signed 10y
the President and cOunter-signcd by thu
Secretary.
Before any stakeholder shall sell or dis
pose of his stock in the corporation. h.
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 N.-All the corporate powers
OF TINS corporation snail be vested in and
exercised by Board of Directors com
posed of not less than five nor more than
nine stockholders, all of whom shall b,
cltlzens or the United States and residents
OF the state of Louisiana and each shall
own at least ten shares of stock of this
corporation. They shall hold Office for
nNe years or until their successors are
elected ana qualihed. The Board of Di-
rectors shall hold monthly meetings.
Inc Board or directors shall have pO~
CT 10 make amend or abrogate all bylaws.
rules and regulations for the management
OF the analrS OF the corporation; to az
point, employ and discharge all officers.
agents ana employees: nix all salaries and
Iemuheratlon' ana generally 10 do and per
form all thlngs necessary In the trans
action or the business and affairs of the
corporation; provided that the Board may
delegate TO the President. or other persons
selected by II, or 10 such COMMITTEES as q
may create from among their number.
suCh authority as they may deem proper.
Inc omcers OF the corporation shall he
PRESIDENT, Nice-PreSident, Secretary
huallE Dy the Board OF Directors. The
ana treasurer. VINO snail be elected an
nrst Board or Directors shall consist of
SIN stockholders, four of whom shall con
sutute quorum. and majority of those
III attehnahce shall transact all business
and shall consist of: Martin KrOn. Jules
Labanca, Jr.. Charles \. DeSpOrte. Sr..
Johh W Engelhardt, Jules Labanca. Sr..
ana charles \: Desporte, Jr, who shall
hold once until the 10th day of NOyem-
per, 10. or until their successors are
duiy elected and qualified. with the said
N AL Il 4