New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-11

that 'hould the Company require it the
s on he
ysying all and plea want of value fol
.h sa z ss p RRsz SUI b II
| said notes shall be cancelled and surrendered 'A'
ARTICLE =.
All the powers # The the Company sh.
appoint us es
@ as M s ssassy sin
nj s se s s @
published city Of New orlsan The Board
ssd
iii @ a IL ae
seats the last Monday of October ensuing
IN s aas until others are qualified
following sh. the Board Directors
A AZ 2kfsn hTslraSSERaEs'
J.B GRIBBLk,
4. k kot HHEAhFER'
~ Il Il M1 hIisuAa9SS'
9. sABATIER,
ff; .n:sosnoM
@ IN seu on hs last
plurality Of shall be considered duly elected in The
ha
The Board Of Directors shall, meeting elect
@ Ss
ct all meetings Of The members Of the
i slaes 81 as.S sSs i'm
may deem
ms Act the State q Louisiana, and
they shall have power to do all acts carry the
occur ia the Board 3. Presidency vacancies 'nA' may
ARTICLE
Every person shall hereafter insure with this Company
and continue to DO insured and holding m bis
@ II Lesser a o. ee
member Of this Company and entitled vote IN
sssTSsd Paymsn. q holder
hs ns hoasssa
and then each aye hundred dollars shall add
heusand dollars each thousana snail en-.
at 20 % Ssse % ss ssy
been transferred for shorter period than months prior
said election.
ARTICLE VII.
shall be lawful for this Board invest profits the
to s ana %
se be hs loaned
They Y also the profits S The the
and s h
such stocks security in not exceeding
The Company hold real estate exceed
Bosr to purchase addition properly WHICH may Be
norgaged to said forced sale same If
in their opinion may be OF advantage to the Company
ARTICLE VIII.
The officers of the Company the expiration of one year
from the time tie first policy shall have bear
date, and within month thereafter during
month OF succeeding shall estinas
made and TO by the President and Secretary of the Com
including statement of assurances effected during the
period embraced in such estimate distinguishing between fire
marine and river policies which estimate shall conclusive
for all entitled to receive certificates
after provided for and shall thereupon 20
be made of the affairs OF said Company, in which they
shall charge each insurer with proportionate
the losses Of the said Company according amount of
premiums by him paid but shall such
the amount of such premiums and also with
the profits Of the Company derived from investments pro-
titled to certificate signed by the President Secretary
said Company of the amount of his credit
Company said certificate to be entitled per cent interest
the second Monday Of October Of each year.
contain provso that the amount namsd therein liable
further loss which be sustained by the said Company
No certificate to be issued for the fractional parts sums
between tens Of dollars for
lars bn all such fractional parts Of sums
dollars to be the ngent
Company and shall be applied charges
Of the year to which they appertain
These certificates shall be transferable except by the
sent of the Company and the shall be duly
books thereof
ARTICLE
Every who shall become member of this Company
by eecting insurance therein SHALL time effects in
surance and before he receives his policy the
may be fixed by the Board and made shall
wihd Company as hereinafter
rail