New Orleans daily crescent., 1860-10-20

; R Hesssn ssassisn : ~ feE as " WI h. G5as csaser
ARTICLE srxrH-Every person whe shall hereafter insure
continue with the Company, and every person
credit On he o6Es q dc company to be issued a. heren
after provided for shall be deemed member Of the COMPANY
eeetous each certificate credit the books of he Com
a s a be o es
hundred m 9 " an ne a q s hs S fes a sas
dollars shall b enlei to additional vote until the
dollars, when each honssnd dollars shall be entitled
g enc aadit,ons vote f5@Saea saa m &
vote within sS months prior TO such election.
ARTICLE sEYESrH.-The RoaId Trustees shall have tho
power to invest from time 10 time Of The profits Of The
Company IN loans sea,sd I'd sy oIsgs on @ and gsn
.o and In every case e rsa m@Fgased shall be worth
They may also invest the cash surplus proats Of the Com
pany ia the purchase bonds or 2el by under
may such cash surplus profits pledge Of
any Of The aforesaid securities, bonds stocks.
Ing ] p9 b.. hs s BR9r5 e I qtss Fy 5s 5nay
norsaged to The Company any forced sale of the same
promoted should require se purchase TO save from loss
ARneLE EeHTHThe officers Of The Company shall within
one first policy Of insurance shall have been
issued and during We st month oi ese and every sqceeeding
dent and Secretary Of the affairs Of The Company for tie
@ Ripar " phirh aiate ia ia conelnsys
naer provided for and shall thereup6 eaeh insurer
according q The amount Of Re premium, S Sy lng 5 pad
Ii.G and shall credit him with me aohn q saa
and also with ssts nopoFiog 'he,eo q NE profits q hs
He'd 60 signed BY The President and seereaFy bear
ing interest the Of payable The
Second Aondy in November Of each and every ysa and con
for any losses sustained BY the Gomhany
indebted the Company premiums credited him
s @ sa @ 9 @ 5ase Ps sba he sv e ssh G
retain such certificate pledge fo the Of the sad
and Delivered shall always remain liable the Company for
any Of he parry to c aEs oesn a M
issuing Of The ceftifcte and transfer thereof
iah Ss ba baTe g been s sarc m aS
be siled fo BY parties hceto, within years
Of their issne then the shall be Cancelled,
aha 3 M u placed 10 lie credit d lie Conngsnf seconn Oh
s 9o0ss ot n a birtT aS @ o @
published in ih civ which notice shah forth the ao4nt
Of the Certificate the Of the party entitled
nissuing certificates of profits les han
sa bs omitted and & )" placed 10 he credit Of the Con
tnen Company aed Rped 70 the payment
The certificates hg only be transferable on the books of the
Company, and with its consent
ARTICLE NISTr-Every person who shall become member
this Company eecng insurance therein shall before he
TTusee the paid shall never be Withdrawn
@ sa bs bs @ @ l0 bs n S he
ARTICLE TsNrHW Whenever theaecumuaed profits shall
exceed of hEe hundred thousand dollars the
thereafter he from year to ys" to he eaemp9n
Of tie eighth article hn the certificates Of one shall
Tie Board a Trsecs may, however, any of their annual
meetings by the twohird OF the whole of their
ber alter and amend this article as to require an aegumua
ton of million Of dollar before the
shall be appdto the redemption Of certificates rs afore
said. -. a.. =. 80. y.
expiration of the first Of October 1861 from The issuing of
the policy within the first month of every succeeding
year the Of the Company shall cause te be mads under
oath and shall publish according to law seneFa Baiance
Frst-The premiums received dung the year just
e u Marine foces and on River Or Inland Navigation
Policies.
secondThe the expense the Company during
Fhird-The during the year dsn-
gushing between Fire Risks Marine Risks and Inland Trans
and Navigation Rikks.
FourthThc balauce remaining with the Company setting
forth the amount Of cash hand and the invested in
Stockholders of the Company at
general meet to be convened purpose after thirty days
in OF the newspapers published in this city shall have
the power make changes, additions, notifications in
Incorporation dssolveit provided that
ous OF the represented ut sc meeting shall
IN favor such proposed measures any such
change addition dissolution shall be recorded required by
e law. ..,.-...e.,
incorporation, its earlier termination, provided
article twelfth three shall lie appointed by the
hoard of Trustees superinendence affairs
balance Of its funds appropriated 10 he redemp.
dates Commissioners Shall continue until the
inability of either the survivor alone
ARTICLE addition their share of profits
in the business Of the Company the original subscribers shall
entitled receive for the m special interest of eight
per of premiums credited their subcrp
credits until the fret day Of October eighteen hundred
sxtyOne
aforesaid, IN the presence OF Marcel T. Dncros and Antoine
Gonand witnesses lawful age and dneaed in said city.
and said notary the day and date set forth in the caption
hereof, r.