New Orleans daily crescent., 1860-08-27

TRe Boardof Trustees shall x the ar All ooers
and clerks elected or EMPLOYED by cn IN the ssgTe Of ts
TeT La invest the ron, tI,e ,slne ~ IN,
onpeqy 4 VIZ @ Ep9gF @ hSEsaaqE u & Gegdsd S 2F IAfy
laws rules ad regulations as they may deem necessary and
rrsuIe oT te raVprTnIeI nF tbs fnniay and lin tr,c
ian Of h. n6vled he san,e s BS eona,ci i i
@ @ afq a @ @sa .s mGa n X III a af = 3 % e. w vi @ aq
ae necessary for effect tbs objects aud purposes
tIat may oceaf in their number.
ne e I'LL Raap Of Tres d e% @ pgss sa % G2h'sI vi
te rights powers specified the preceding article They
hundred and siy-oue or nnt1i others ar red In tieir i
BOARD OF TRUSTEES:
4, amadeo Landry, Octave Noorhies, y. "a, Beuerton
Alfred Da,honder G 7: Bell, ", Cooper,
j Inpene, d. ?, Logan +. Rotchfori
y. Il, Harris, {. gayaroc, CbGs. J. Leeds,
A. y, Cried, h. Boudousquit, yaen. Herman,
J. B Mari,an, j. Z5ily, WH' S" crnnaf
J. a Bonnsfon. ia Herr, W. b. oonger
Aprrrt a t-y.r. ,..r.o,, Ia, sl,ti t,,t, I
and e5s "a inre y PSs % Sansn S5@ s, @ Gfeatsss r insure
n s m an MI M T bno ] If & II " agnn g na9 81 2, MS m 2[ eshe9e
lier provided 5r Sail be deeme member df Tie eom1anr
@ e ns esra ~ S9Is srs grsb n bs II o & 3E9S p ny e 81
s tbersss aii sns 4Ibe hnids s ] ~ @ t hilef the
hRndrtfi ops nnI lie atnet of he tg ION, ot
I % ] y % MI ioeh m o.sfs W "ta ttgn eaen I'VE hundred
daant q The eegee 3 sha TeGsh 5hs sum Of ye thousand
10 ne adiifnnai o,s PrSissd e H., ] & os eRliied
shah not nave been transferred m lie person T s m @
yoe vhip IN 9nn liz nTIr ~ s,ab csctio " ~ e'Ans 10
ARTICLE sEyEYTHIhe Board OF Trlstpes shall h,pa M.
power to invest from time 10 tine 6f fe rf, H. NE NE
Company loans, mortage on poyGd and 1ne
cn6ced real estate III The Parish or Orleans d lIy m
SON md u every cnse the pfopery morgagsd shall he ]
at least twice tile amount lonned thereon ~ t
They may invest the cash or surpln nr0its of ;r Com,
pany purchase bonds st6e created y ar ar
United States this State or III ts rit
and may make loans of such cash surplus profits on uedgs f
any Of The aforesaid securities, bonds stocks.
The Company may hold real not exceed
ing onetoHrth OF is net profits but the Board Trustees may
purchase in addition, any property which may have bee,
orgaged the Company aany sale of The same lin
their opinion the interest of the COMPANY viii boai h
promoted should require such purchase save it from loss
ARTICLE ElGHTHlhe officers eli the Company shall within
mot after the fist Of October eighteen hundred and sixp
from the tiae tbs first policy Of insurance shall have bcen
Issued and dnpg the first month of each every succeeding
yeAr cale an estimate To be made by The PTes
dent and Secretary OF the affairs Of the Company for the yeaf
emitting Including statement Of nsurauces ected nng the
period embraced in such estimate distinguishing between Fire
Marine and River poces WHICH estimate sl be CONCLUSIVE
upon ali persons entitled receive certificates of prnts I'd
matter provided for and shall hereupon charge each nsner
with proportional aae Of the Losses sustained by tie Com
pany, according the amount Of the premiums linn mid
bn in shall such Share exceed the amount Of sneh me
mns; and la credit im with the amount Of said preIns
and also with share in proportion thereto Of the profits Of lie
Company derived from Investments and for the
shall tn appear be in favor Of The insurer shall be en
tied certificate signed by The President SecrGarv bear
ing interest a the OF per per annun payable on lie
Second Monday in November Of each and every year and
tanning poya het tue alonn therein named shall he tBle
oF and all subsequent losses the C0npany
And Should any person entitled such certificate he
indebted To the Company tor any premiums credited him on
Tt