New Orleans daily crescent., 1860-12-19


e T. r. ~ @ hs Fl ss
preside meetings and shall sign the policies of the Com
paPg Rosrd o shall x the compensation of all
elected employed by them in the service of the
They sha invest the profits arising the business of the
Company in the hereinafter provided for They
rules and g @ they may dss necessary and
s9sS a o n 9 s does conflict with he
true intent meaning this of incorporation with the
sgs scs necessary S s for into eject The objects and
Of Company herein provided for and to ell all vacancies
aRrtaG FiF@Ts following named persons shall consti-
he h s ef rs5 and pat m pee5S areie They
shall hold their until the last Monday in October eighteen
and until others elected in their place
BOARD TRUSTEES:
Hade9 Landry Octave ygogies vs. RRssrton Better
Hifted S O. fSifSi bobonde, q j. Be Cooper,
John Candy, T. Bordelois, F. Hickman,
Il. itIfHfIf Il. Harris O. dasoyeS, chas J. Leeds,
j; Gssi i Boua9SsqpiS, VI yaIsn 81 b, Hermann
J. J. + T. sss5sen ssaaSian. 10iE Hen wB M goaa Gonser
Article slTn person yhe shall hereafter insure
holding his name in the name Of bis firm, certificate
after provided for shall be deemed Company
a hey ss the E 70 II eS II pc Bs q boo y % ~ m
any qdated by losses sustained after the
Randed Dollars an I'D amount lie certificate snail fesei
Of thousand dollars and then each Eve hundred
amount the certificate shall reach the of five thousand
70 One additional Provided however that such
shall transferred 10 the person firm claiming
vote within six months prior 10 such election,
sEvESTHIhc Board of Trustees shall have the
invest from time to time OF the profits Of the
cnnberea real estate in he Parish Of Orleans City Jeas
s q ss @ sf fereon DC worth
They may @ hs S Or Or Of IF the Com
he laws Of the United States, OF of this State city
snS sg ii tSe fofessid secae bonds ocks q
The Company hold real estate amount not exceed
hOf
purchase in addition property which may have
th o5fnon he ineres Of The Company will thereby BE-
promoted should require suck purchase 10 save from loss
ARTICLE E1eHTH.Fhe officers of the Company shall within
one month the first of October eighteen hundred sixty
@ s nns M lie I'll o S ea n haSe
year. estimate b made sworn to by the Pre
ending including statement of nsngances effected during
period emhtasea IN Such ssmae dssngqshnE between Fire
upon all persons entitled receive certificates Of profits
with proportional share of the losses by The
according the amount Of .he premiums By him paid
uius shall credit him wi the amount Of said premiums
e from and for The balance %hS
to be IN sy9 m Of the nd b shall be
ing at the ae Of per cent per annum payable on the
tanng proyso that the therein named shah liable
for a. asa ees1a y a ssSs
the Gmp m tor any ng sap ns eded M to him
time the certificate exgbe the company shall have the right
R RaTs BEEN
and delivered it shah always to the Company for
cred for unpaid premiums whether Indebtedness arose be-
fore Sepese c. and no transfer thereof
ndeb,edness shall have been entirely eStngushed
be I ene o ss' " parties e9s hseo within % hfee as
from the date Of their issue then the same shall be csnceled
shall placed the credit of the Contingent
5 4 Of n r oy @ 4 hs
published il this city which notice Il shall set 9Et the
issuing the said certificates Of profits less than
shall be omitted and shall be placed the credit of the
ngen account Of the Company and applied to the payment
The certificates shall only be transferable the books of
Company, and with its consent
ARTICLE NIETnHyery person who shah become member
Of ths Company by therein shall before
Trusees and the amount paid shall be withdrawn
from the Company, provided in the article
COMPANY.
TENTH whenever theaccnmulsed profits
thereafter be employed from year year to the redempon in
re o liz eighth article the eercaes one ysar
be until those Of all the preceding paid
s Boa I'd gf IT. a 0 s sbs ss i hs
be this article require aecuua.
on profits to an amount of one million Of dollars before the
ssd '0 feuep'len q as aior'
ARTICLE ELEyESrH-on day in the FIRST month after
the first policy and within the rs month of succeeding
the the @ Of e shall "a S be made under
Statement of the affairs of the Company, which contain
ended specifying separately The amounts received on Fire Pol
ces, Marine Policies and River Inland Navigation
secondThe of the expense of the Company during
incurred during year distin-
gushing bewsen Fire Risks Marine Risks and Inland Trans
FourthThe balance remaining with the Company, setting
forth the amount of cash on hand and the amount invested in
securities and md the nature e Of such securities
meeting be convened after thirty days
notice in Of the in this city shall
the of incorporation, dissolve it provided that