New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-10


eag elect PRESIDENT snd WIG shall A The
sh hSd 9sir ocg un eis Successors shall % elected
Trustees and Of the Company aud shall conduct the 9nsness Of
ne Company generally nnder hs supervision 81 the Board
In ease Of the absence d the Resident KS ise President shall
m paay al such meetings. ana snail @ tue poee' p the Com
board Of rustees saa r. ne a ot ~ officers
e clerks elected or employed oS hea " Tag service OF e
se Nus FGn sg IRON pv hs g f ., e
hereby invested with fly power e frame aud ADOPT such by
rules and resaaons q lheg may deem necessary aud
tg9us for the q me Company aua ,e ransac
bon Of rs at4r provided e same docs not conflict win the
laws q s stae md be Hal have F DO vi SRas
acts necessary ior carrying INTO eect Inc objects ad purposes
hat may oceuf IN thsr number
ue b MI Ras Il a hn Persons Sa r S9
he rghts avg powers speehed IN ne preceding article ihey
sh hed their seats until me lat Monday in October eighteen
hundred and SSone or unu others are elected in their paee
BOARD oF TRUSTEES;
~ A. Gordon Tbsodore IanaiIS Frank shaw ~
John Candy r Boldeios 4 nlckmani
+ n Ro5eff' i NJ WAGNER r. a. NcfssyS
r S;rfaT' Rot5nis",e Vsls, iIssq,,tarr
theodore rTois, r. < Kant M@sin Pas ''''"'
j. f. Bsnnsfen j. i Herr W B. Coneer
W. Z. ,st','s,4-. -, i Z III, 49,
end continue 10 nss VIII re Company ah eyeIy person
OF credit the books of ihe Company be issued herein
after provided for shall be deemed member # the Company
elections each certificate credit the book 81 The Com
ssus thereof shall e he holder to one vote or every one
hundred dollars un The amount q tie certificate shall reach
dollars shall e entitled % additional vote qa The
dollars when each thousand dollars shall be entitled
to one additional vote Povded however that such fcaes
shall not have been transferred the person m claiming
| vote within six months prior to sueh election
70 Ts rom ime Il e onehf he prod yf t hs
Company in loans secured By morIage improved
d is s p Fe 9ad & e worth
at least twiee the amount To loaned thereon
pany in the purchase Of any bonds stocks by
may q sqch cash surplus profits pledge 81
any Of s aforesaid Rel bonds or s,9cs
ng oneeuEth Of is profits but the Board Of Trustees may
moEteagsa to The Company Il forced sale Of ne same
e opn o he ae 81 e % % thereby be
Article EicATuThe officers Of the Company shall within
ONE from 9 lime the 1 policy d insurance shall have bes
issued and during the first month Zach and every s9eeeedng
dent and Secretary Of the affairs Of the Company for tie
Marine and River policies which estimate shall be conclusive
all persons entitled to receive certificates Of profits
matter provided for and shall hereap0n charge each insurer
pany according to inc sonat Il e premiums 81 lin Sid
but IN no case s suG snare sTeesa hs amount q such
s 5 w s ts hs sD Re pFs g
sha then appear to b favor o. The he shall be emit
inc sa NJ al he a % er
tanning pToyso that he amount therein named shall be iab
And should any person entitled TO receive such certificate b.
indebted the Company for premiums credited him
time the company snail the RICH
70 retain such certucate as pledge Tor The ent of the
lhdebeaess any even tae certcae sha nave been issuet
ana 9egNeea ~ sha aMays remain ane 10 ne Company 70
any Indebtedness OF the party TO whom shall have been dev
cred for unpaid premiums whether such Indebtedness be
fore Or me h Of inc aa no transfer tereo
shall be made except at the option OF the Trustees until suci
indebtedness shall have been entirely extnguished
And IN case any certificate or cettcaies OF profits shall
be called FOR BY me parties entitled thereto within three
from me le o. heF issue men te same shail be Cancelled
and tle auoht Win ~ he accrued thereon
she'll be placed 10 me creu Oh the contingent account
me Dookse inc 'iler lDhc noice py advertisement
IN tteci ana hglsh LOT tlFtS dN N Two OF tue newspaper
puDshed IN ms cltS Wlc nollce sH set forth tile
OIL me anu INC ne OF we party entitled 70 the same
ISSUING Inc au OF Ptohts sums less than tel
dollars and tfacoh parts oil sums tens ot dollars
shl ne omitted anu Sa pe piacea " e Gfegit Of the Con
ulSei account OF inc company anu apped TO the paymen
OF the expenses and charges OF the succeeding year
lhe s only p thsleTaDie on the DOCKS oil tn
| company, anu win Us consent,
ARTICLE person Whe Shal pecome metnbe
OF shs Company by ehecng insurance therein shall before h
receives ms po pay the rates tat Shs be determined by m
r'sets anu !ie aout ~ phn s,itli never ne Wthdraw
from he o.ps gHchpt y ptoRiago N me next article bi
sa he habe Tor III the losses and expenses incurred by tn
| company fr ,r,.
ARTICLE heheSef eacetnnaed net profits shG
exceed the sum oil NE hundred Thousand dollars the excess
thereafter De employed from year 70 eaf TO the redemption
whole or II part q eaeh years cecaeS Ct profits sAred b
Ve OF the egt atce Dht e eeflhcates OF one year shal
not be redeeaeg n All preceding years pa
an III eN Ra F Tus, aas NAV hoyeva AZ ~ &c
neetng by the vote o. OF the whole OF their mum
oe ~ aug a1u ts i 70 require an aeenlnuia
non 81 Pons 70 ~ t X o III lo ~ a9tas before III
~ e'' W "fh " ~ VI 'ei inc@eS tS aiore
ARTICLE ELEN some DAY u the frst month ae
he q ne fst 81 October s6 from the issuing
year HE oacTes Of The Companv shall cause Il; he