New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-09
Capital subscribed, $4l1. 500.


ARTICLE
Sh s
hereafter subscribe shall pass their approved Of BY
the &
e e. By
in These notes are to be subject to all the contingent
Al premiums for insurance made by thoss parties
paid S with the na Is sna Of the Com
Fl @ NJ
a. no ar ths Viz a e ss
the premium which shall be sufficient 10 equal the amount 81
hs
enc II s on res shall M
parties to the notes shall pay good faith before maturity
waving all and every plea of want of value consideration
% r. sre # NJ ss b 81 aEsns
said notes shall be cancelled and surrendered.
ARTICLE v.
All the corporate powers the Company shall be exercised
G Board Of ss nsh a.. &c and clerks
be elected except the first the last Monday Sep
sy y
give y s 1 Ss of
three Of the snd Of the @ Inspect
s 81 spd oeT
al such ss s aa sn to take
the year herefro or until others qualified to
For the st year Company goes into operation the
following named subscribers shall Board Directors
ALpHoNsE MILTENBERGER,
-.~ Ss .M. ARSAARkBy,
4 1. 3 ks sh1hzEP,
4. II K9 sIsThf.b5
Il T. s h5htARRos'
p A. NOBLoM r..".
Whose of service shall expire the last Monday of
obe the ensuing year In receiving
election tsaipg pass ths storessid
% i
President annually who shall selected emoSs them
M pc an lis de shall hold
President shall preside a: 81 meetings Of the Board and
duct hs Dqne,s hs Company generally he
III dqs Ell
officers and clerks employed elected by the Company
ahfs Rsf ] ssn
Ss sa sa for
rary this the laws o. Louisiana and
eli hat 2pi
occur in the Board or Presidency.
ARTICLE VI.
Every person who shall hereafter insure with h. Company
and continue to be insured and holding In his
psny not discharged by paymsn Of Losses shall be deemed
al R
charged by the payment shall ente the holder
f. fs2sss
and then each FIVE hundred dollars shall Be entitled 70 add
thousand dollars, when each thousand dollars shall
70
been transferred for shorter period than six months prior
said election
ARTICLE VII.
shall be lawful for this Board to invest the profits
il ss' nqf s na @
exceeding onehaf Of the aforesaid and in every
property shall be worth twice the loaned thereon
BY under the laws Of the United States, this
State Of this city and may loan the upon receiving
such stocks security sums not exceeding threeourths Of
Tie Company may estate to an amount not exceed
1g Of It's nett profits though may be lawful the
to sd Company n y The
in their opinion be Of advantage the Company.
ARTICLE WIZ
The officers the Company the expiration of year
from the first policy shall been
made and BY Secretary Of the Con-
year, including statement Of nsursnces Effected during the
period 5 Ssl orn s % b. between e
f91 all persons entitled a certificates Of profits a. herein
be made Of the affairs Of said Company in which they
shall charge each insurer with p1oportionate share Of
premiums BY him paid shall exceed
The ef such premiums and also with an equal share
portion said said insurer shall thereupon be-
@ % e
Company said certificate to be entitled to six per cent interest
contain poviso that the amount therein liable for
any further loss which may BE- sustained BY the said Company
Of dollars less than dol
ten dollars are be passed to contingent account Of the
Company shall be applied the and other charges
shall afy mol E. by the
sent of the Company and the shall be duly entered the