New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-03

at s
to be elected the first the last Monday Of Sep
ii ss ay
d s % q Of
shall appon thrse the members the Inspect
Sssins p or fail attend appoint
al such sa' sss to .a
the heefro or until others are qualified to act
For the rst year that this Company ration the
following famed subscribers shall form the Board Of Directors
'''S ALEH nsss. M41IrEsBERarn.
81 ss PsAissBsEEs
A. ROCHEREAU,
Ii = NIhhATbo GS'
of service shall expire the last Monday Of oc
esans In h0s s sens Fl I
election pss ON the y ysss s s
ana notice Of ~
IN o. his sy
ne sss.s Il .s Ss
At y meetings and
e Sss IA ,s
.1n s hs
the officers clerks employed elected By the Company
ahfs # s @
such as they may deem and Tor
.ns hs nor e the tie
sss Of @ to eli hat
occur In The Board or Presidency.
ARr1cLKv
Every person who shall with this Company
o%n nsn or in the name Of lis %
not by and 1t IN Ss o
proxy at elections Each certificate 4 Company undis
until
the # s % ad
na vote until the amount Of the certificate shall reach i've
ed to one additional vote provided certificates
ng the 9sr to mot sye
said said election. '' -
ARTICLE
1t lawful this Board to invest the profits of the
Sly Orleans e amour, not
the property shall worth twice loaned thereon
ass as r s as
state this city and may loan the same upon receiving
the par value of the same
ing Of It's profits though may be lawful for the
cha o hs s
in their opinion be OF advantage to the Company
@.y ARTICLE VII.
date within month thereafter and during the h
made and BY Fesdsnt and o.
Of the affairs be for the preceding
period embraced In such estimas distinguishing btween
river policies which estimate shall be conclusive
entitled receive certificates OF pros herein
provided for and shall thereupon cause balance
be made the affairs of said Company, in which they
shall charge each insurer with prororonae sha'e Of
the Of said Company according to the amount OF
The premiums and also with equal share
the profits of the Company derived from Investments IN pro-
portion and said insurer sha hereupon be
titled certificate signed by the President ana Secretary or
Of the Of his credit on the books of the
Company said certificate be entitled TO ak cent interest,"
the second monday of October Of each and to
any further loss which sustained by the said Company
No certificate .sued for the fractional OF
lars but ali such and sums less than
dollars passed the con ngfnt account of the
Company applied and other charges
These csrca es shall not Be BILE except
sent of the Company the shall be duly entered
books thereof.
ARTICLE TX.
Every person shall member of this Company
by eecting Their in shall the first he effects
before be receives his policy
may upon by the Board and payment
ever from said Company except hereinafter
provided for but shall be liable for all the and losses
incurred by this Company.
ARTICLE
Whenever profits shall exceed Eve hun
thousand dollars the may applied year
year heeafer the redemption Of each years. certificates
shall be redeemed until those the preceding
provided for the Board Of Directors however, may
either Of their meetings. by vote Of wotbds Of the
whole number amend his
qure the nett profits Company exceed one million
dollars before the shall be sppd to the redemption Of
certificates.