New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-09-01

j. y: Robert, IN. Washer, J. J. & M 4;Lsg.u
+ / S SssssIsp + TsE Herr " VI G 5sassr
sss s IL n
credit the books of the Company to be issued as herein
and shall have ne sh e Ss il pc IN qr y pfofs ~ all
nny no dharee or eadated by losses sustained after tie
Issue thereof sha ene the holder for
thy amount thousand dollars and then each FIVE hundred
ana o re- s er e a reach he sum i've thousand
dollars when each thousand dollars more shall be entitled
transferred to te or finn claiming to
vote within months prior to such election.
Article SEvESTH-The Board Of Trustees shall have the
power invest from time 10 time one Of The profits Of the
cnmbeed real estate in The Parish Orleans and G Jce
and in every case the poerty moFgased snail be worth
They also invest The sah or surplus profits Ct he Con-
lbs laws OF the of this State Of thin city.
make loans Of such cash or surplus profits on pledge of
The hold 1 S e5 n e Il ,a o " nai
purchase in addition amy ploperty which may have been
the t # Ssns s OF lie bSs5 be-
promoted shond require such purchase TO save I from loss
one month after rst Of October eighteen sixty
ed and during e first 5nh Of each and every Succeeding
year estimate TO be made sworn to By the Pres
ending including Of insance effected during the
e IN pess
entitled receive sertsa,eS Of profits as
Win pFopoona share Of the by
a Il NO ease shall sneh share exceed The such
lnums shall credit him with the amount Of said premiums
Company nyestments and for The balance which
s ed 70 eeheate gned ~ the President and Secretary
fs Per Sn
And should any person entitled receive such certificate
aeS h as no 1s p e 10 @ tn
time certificate exgibe the shall have the RICH
f s Event sfs sr as y IL
aS dc pesn
unpaid premiums whether such arose be
S @ @ Il until sas
be s%ed entitled
T y the 9's,s accrued thereon
XII. $ ss5s
certificate and The NAME Of the party entitled to the SAINT
oa ana s Il suns V tens @
Shall be omitted hal be placed the credit Of Tho Col
ngent of the Company and applied TO the
e1 aHy the Ear hooks Of
Company, and with its consent.
who saa become n msmB
gec ss his policy pay he rates that sEa BY
Trustees and the 50 paid shg meyer be whdr9%
shall be liable for ali the losses and expenses incurred BY II
ARTICLE TENrHWhenever the accumulated net profits sha
e Be g% xs o e to sa he
whole OF in part Of years certificates profits ssucd
virtue eighth arice but Tho certificates of one sha
p be redeemed until those OF all the preceding years are pa
"n fs d Of Trustees may, however, any their
etinps OF twohirds of the whole of their
nr 'and Ynend this article, to require aeeumnl
profits 10 % ahs II F. pin
shall be applied to '
Article ElEyESrn-on some day s n the 5 first month aft
policy, and within tine first =, u IL
year oicres Of The Company shall calis ~ ra' u
oath, shall publish, according law, ,itsss.5 baHI
Of the affairs OF tue Company, which shaI c0
FirstThe amount of premiums received during the %
specifying separately The received FIJI y
il icies, Marine Policies and River Inland Navisa9
: Policies.
SeCondThe amount OF the expense of the Company du
FhirdIThe losses during year dist
gushing between Fire Risks, Marine Risks INLAND Tar
i | portatiou and Navigation Risks.
Fourh-Tle balance remaining with the Company setti
forth the Of cash oil hand and the
securities. and the nature OF such securities.
general meeting convened for the purpose thirty M
in Of The newspapers published in this city shall ha
e pet of prnrnors or even o i, nTayided ri
reeourhs of the represented snch meeting shall Vt
y in favor OF such proposed and any and all
u change addition dissolution shall be recorded required
Article THR1EEsrH-At the expiration of tt
Incorporation earlier termination provided
article twelfth three Commissioners shall he appointed by
Trustees whose SUPPLEMENTARY the affairs
y the Company shall be liufaed and liabilities paf
the balance its funds shall be appropated TO the redsn
~ Of dates The same COMMISSIONERS until
NJ of the Company snail he eiTeiS esed anu see
r and Of the death inability q eier inc survivor ao
~ ARTietE ForRTRESTH,In addition 9 their share Of pQf
in tie business of tie Company the original subscribers s
y be entitled for the first special interest Of eig
e per the amount Of premiums credited on their subsc
M lion notes which interest shall from the dates
credits until the first dag Of October eighteen hundred
es sfxty-pne.
Thus done and passed Office in the city of New oles
h aforesaid in the presence Of Marcel T. Ducos aud Ante
Conand witnesses Of lawful and doneaed IN said 81
who heeunto sign their together with the said appear
said notary the day mud date forth the