The herald., 1921-01-13
CHARTER OF CITIZENS LIFE INSUR.
ANCE COMPANY.

United States of America, State of Lou |
isiana, Parish of Orleans, City of New Or |
leans. Be it known, That on this No.
vember goth, 1920, before me, Edward
RightOr, a Notary Public, duly commits
stoned and qualified, in and for the Par
ish and State aforesaid, therein residing,
and in the presence Of the witnesses here
matter named and undersigned, personally
came and appeared the persons whose
names are hereuntO subscribed, all of the
full age of majority and residents of this
State and citizens of the United States.
who seYerally declared that, availing them
selves of the provisions of Act No. 1O5 of
1898, Act No. 81 of 1906, as amended by
Act 240 of 1916, and Act 246 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 a.
| such other persons as may become here
after associated with them, in order to
| form and constitute corporation or BODY
polite in law, for the objects and pur-
poses and under the stipulatiOns follow
| ing:
| ARTICLE 1.-The name and title of this
/ corporation shall be Citizens Life 1nsur-
| ance Company, and under that name it
shall have and enjoy all the rights, priyi-
leges and advantages granted by law to
corporations, and shall have the power and
| authority to enjoy succession and cor
pOrate existence for and during the period
| of ninety-nine years from the date hereof,
unless sooner dissolved in the manner
hereinafter provided for.
|
authority to contract, to sue and be sued.
to make and use corporate seal, and the
same to break, alter or amend at pleas
ure; to hold, receive, purchase, convey, de-
| liver, mortgage, hypOthecate and pledge
! any property, real or personal, and to is
| sue notes and other obligations, negotiable
instruments or other evidences of debts; to
have and employ such managers, agents
and other employees as the interest and
| convenience of said corporation may re-
J quire or demand, and to make and es
) tablish such bylaws, rules and regulations
for the corporate management and contro
| of its affairs as may be deemed necessary
? and expedient.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, Parish of Orleans, State of Louis
lana, and all citations and other lega
process shall be served on its President
!; ar in the event Of his absence, upon tn
: Vice President, or in the event of the alb
!: sence of both of said officials, upon tn
9 | Secretary.
r ARTICLE III.-The objects and pur
!. | poses for which this corporation is creates
4 and the nature of the business to be car
e ried on are hereby declared to be: T
q carry on an industrial life insurance bust
e ness in all of its branches, for which stipu
II lated premiums, advance assessments o
Is dues are regularly payable and collect
n BILE every four weeks, tri-weekly, bi-weeklI
| weekly semi weekly or at any other state
- terms not exceeding one calendar mont
= Gates for which are for sums of five hui
X dred dollars or less, on single life, {
n | which policies or benefit certificates pr,
| vide a weekly cash benefit for disabilit
, caused by sickness or accident, of twent
II dollars per week or less, or which pr
III vide for the attendance of physician I
u supplying drugs, or furnishing a ful
~ eral.
n ARTICLE IV.-The capital stock of tn
oh corporation is hereby fixed at the sum
a ten thousand (s10,000.00) dollars, divide
ne into and represented by one thousaI
y q. 000) shares of the par value of ten Isl
n dollars each, which shall be evidenced
re certificates and shall be fully paid in ca
ur before being issued. Such certificates
"a capital stock shall be transferable on
on the books of the corporation and sh;
'er be worcestershire.
n All stock of this corporation, provid
Dr. for herein or that which may be hereaft
ty issued, shall be valid only IL signed
we the President and counter-signed by I
Ill, Secretary.
ny Before any stakeholder shall sell or d
If pose of his stock in the corporation.
lid shall give thirty days written notice of
ok, intention so to do to the corporation, d,
Or ing which thirty days the corporation
ry self shall have the right of purchasing
err stock at its book value.
ers ARTICLE v.-All the corporate pow
the | of this corporation shall be vested IN a
Iall exercised by a Board Of Directors, co
in posed of not less than five nor more tn
lgs nine kholders, all Of whom shall
my citizens of the United States and reside
ro- of the State of Louisiana and each sh
'or- corporation. They shall hold Office
by FIVE years or until their successors
aid elected and qualified. The Board Of
tice rectors shall hold monthly meetings.
re- The Board of Directors shall have p'
ale, | CT to make, amend or abrogate all by-la
No rules and regulations for the managem
leId of the affairs of the corporation; TO
in point, employ and discharge all oftic