New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-02

I'll the aforesaid however srl clause
that, h"nd the the Company require it. the rswer
parties the notes, shall in good faith heo'e aury
wsvi all plea of want Of valus consideration for
s Il rs' II
said shall be cancelled and surrendered.
ARTICLE .m""
By Board Of n and 81 ,. ess TGd clerks
be coed e.csOt the first tie Ia Monday Of Sep
smbsr in eh # be eia I'D By
give sas Srsgsa ny @ + n S of hs r. M
hs appons tee
ide uch elections and # any q said ms ectos
iii such yaeanes Tie Board thus sced are to take hs
seats Monday of October ensune
year therefrom until others qualified
following .ubtor shah form the Board of Directors
''''" AIPHoNsE M1LTENs BERGER, M.
oLAUvgg
J.B aaiEEBlls,
I I k Ell HAIR a."
GsaRATiER,
Z r1 4! sGs,1.om, ..."
Whose Of service shall expire the last Monday of Oc
tober The ensuing In econs persons receiving
purn Of IS shall be Considered duly elected; IN the
President shall eleaon take place within
aue dTSf
Board of Direc shall, he frst meeting,
sssss mi < aa Rs Board He shall hold
al meetings q ,he btrs oths ooppan and sh ii
ion Of The RoSd day Preside 70 sn
az sn r % hs f
They shall invest the profits OF The Company from time
ch hey deem and or
hs 5 ana h 81 ns s &
they shall have power do all acts to carry out the
occur liz The Board or Presidency.
Every person who shall hereafter with this Company
and nnue to be insured and holding IL his
psny no BY Of less shall BE- deemed
pon at Of @ If 9 ae ap
cnad by Losses shall entte The holder
the amount Of the certificate reach one tboasasd dollars
and then each FIVE hundred dollars shall be entitled add
thousand dollars when thousand dollars shall
as ns bsre to vote shall not hsas
been transferred for shorter period than six months prior
ARTICLE VII.
It shall be lawful for this Board proats the
apa h 70 % and @
exceeding onehsf Of the profits aforesaid and in every ce
They also bnSs s p It IF. The in
such stocks security in gums not exceeding Of
The Company hold real estate
ing fourth Of its nett profits though lawful for
Bosrd purchase In addition which be
nogaged said Company forced sale OF the same If
ARTICLE WIZ.
The officers of the Company, the expiration year
date AMI within month thereafter during the
month of succeeding shall
made aud the President and Secretary
OF the affairs may be for the preceding
including statement of assurances effected during the
period embraced in such estimate, distinguishing bween fire.
marine and poces which estimate shall be conclusive
for all entitled receive certificates of profits herein
provided shall tbereupon
be made of the affairs of said Company in which they
shall charge each insurer with proportionate
the losses Of the said Company according to the of
premiums by him paid hut shall such share excesd
the Of such premiums md also with equal share of
profits Of the mpany derived from investments
portion said and said insurer sh thereupon
a certificate by the President
Company said entitled per interest,"
able the Monday October of each
contain proyso, that the amount therein is liable
further which be sustained by the said
dollars any ten dol
lars al such fractional is of and less
dollars be passed the ingtnt
Company sha he applied the and other
of the year which they appertnin.
shall BE- transfer bic except
the Company and the shall be duly
books thereof.
ARTICLE TX.
Every person who shall of this Compary
by efrcng insurance ter in shall the first
before he his policy hat
fixed by The Board and made STALL
wi said Company exrept as hereinafter
provided for but shall be liable for all the expenses