New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-10-08

cancelled
ARf1cLHy
An the corporate Of the Company shall exercised
Board of Directors and such other officers clerks
they appoint This Board shall consist Of twelve persons
s
sa New orssn the or 1S
decline a e attend lie President may appoint othsrs to
ssats on the last Monday Of October ensuing and to hd
the same year thereso or until others qualified to
For the ss that this into
A A. r. aSfGh nFIlrEssERaEE'
81 SaaABSAAEk sy,
J. B. GRIBBLE,
RGEdI,HARD,
4 1 e S S} #SsSS#SS
q.sARATIER,
F. 4. Nob1.oN,
Of service shall expire the last Monday
plurality b eonsdere da IN bs
Of aS aha. ssa aass, pass On tho day
ass At S. 5 s.aR I
i s bssss m ,s
his office until his successor is elected
duct the the Company generally under the supervis
III e. Fl
as Hereinafter provided for They sa have poTe 10
they to carry out the
objects Of this corporation and to all all vacancies that may
ARTICLE VI.
Every person who shall hereafter insure With this Company
own name the name Il His rm certificate Of hs om
A. s.s;s
charged by the payment LOSSES shall ene to one
additional for hundred dollars Of the same until
IND then each FIVE hundred dollars shall Be- entitled ada
ona vote until the amount of tho certificate shall reach ave
titled to ops additional vote provided that all the certificates
been transferred for shorter period tina. six prior
ARTICLE VII.
It shall lawful for Board to invest the profits Of til.
II s.d . e y and i'm
hs property shall twice the amount loaned thereon
the a.
the par value of the same.
ing fourth Of its profits though may awfuf the
seafd !: y. cha in
in their opinion may be Of advantage the Company
ARTICLE Y111.
The officers Of the Company, the expiration of one year
from tho time the first policy shall have been issued and bear
date and within month thereafter during the first
monh Of every succeeding shall estimate 10 be
made and sworn by the President and Secretary the Com
pany OF the affairs thereof The preceding
year including of assurances effected during ths
teriod embraced in such estimate, distinguishing re
atne and river poeies which estimate shall be conclusive
after provided for and shall thereupon
be made of the atfairs of said Company, in which they
shall charge each insurer with proportonate OF
the losses of tho said Company according
premiums by him paid but shall such exceed
the amount Of such premiums and also with equal share of
the profits Of the Company derived from Investments in pro-
portion to said amount and said insurer ha heeupon
titled to certificate signed by the President Secretary
said Company of the amout of his credit the the
Company said certificate entitled six per cent interest
payable the second Monday of October of year and
contain provso, that the therein is liable
any further loss which be sustained by the said Company
No Certificate to be issued for the fractional parts of
between tens of dollars for less than
ars but all such fractional Of less
ten dollars to be passed the nSer
Company and shall be applied charges
of the year to which they appertan.
These certificates shall be transfer e except by the
sent CT Company and the shall be duly tho
books thereof.