New Orleans daily crescent., 1860-12-18

and cotin1e 10 insure viii the Company every person
% % IN ON III the books Of tie Company herein
after provided for shah b. deemed 4 ] member e. Fl Us M
elections certificate Of credit The books Of The Com
as thereof shall sns holder vote for every
hundred dollars un the aln9gnt of me fe5ee saa reach
oss more shall eutied additional vote until the
Sun5 When each one thousand dollars shal be entitled
10 onr Provided however that such
b I9t Rave been transferred person m claiming
| y0e within six months nrior 10 such election
newer 10 yest Tem time Time 6ne.half of the profits of the
Company ii loans, secured by moFaGe on improved and aen
son md every ta property mortgogod shall be worth
| Theg as also invest he cash or qfpns profits Of the Com
pay IA the PURCHASE 2. y hoAds or slp sesiel " Or unae
and NAV make Of such cash surplus profits pledge Of
Ihe Gompng may hold real esta to an amount not exceed
Ing uuth Of is net profits but He B9gLd Of Trustees nay
aose,ed 10 he Company ,any forced sale the same, n
thst Spipon tie Interest tie Company will thereby lie
pronoed or should require suck purchase 20 ayei from loss
ARTICLE EGuFn.Fhe officers of The Company shall within
one from nc the Fst poey q insurance shall have been
year, cause estimate to be made sworn 70 " me Ftes.
dent and Secretary OF the eRi o the 9mpey of The year
RsIl2a i n5ees VhIch estimate shah 30 conclusive
Marine ith el ~ rait cnttBe9fe f rTSts ~ here
n4ef provided for and shah hereppon charge each insurer
pany ecord6g the of the premiums by him paid
mi in no spch snre exceed the amount of such
minus; and shall credit him vi te amount q SAID premiums
md also with share in proportion thereto Of the profits Of the
% thtt sn a. ne y the President and Secretary bear
tied s esnTHe @ or her cent peT annnia payabis on he
second Monday November OF each and every year and con
tanng proyso that the amount therein named shall liable
any Al subsequent losses by me Company
And should any person entitled 10 receive such estAete & he
be books Aforesaid shan have paid e e
such certificate a pledgs for e payment Of me sit
and delivered shall always remain liable to the Company o
any Indebtedness Of the party whom shall have been deiy
fore or Of the certificate and transfer !hereo
h be az sen s sae '
And any cetaene or certificates Of profits shall no
& hSp M q, he ss be e@nsso h4e
sha a e Re 10 he credit the onngen aecon
The books Of Company after public notice by advertisement
assRsd 5sRsa IN %pH h witch notice 6a sell oh Tie
Of the 1 he ana a q cepaeae Il po e Ran s
dollars parts Of SIMS between tens e dollars
9 hs and Re1 3en to the pasmsn
he ss bp Gy be On The books of tn
Company and withits consent
ARTICLE NtNrn-Every who shall become membe
receives mis- policy & pay ne rates d a % @ oe IN 9E II
the M 81 b s Is ms u s "H sS s. b b
Comuany,
The five hundred thcnsapddoars the
thereafter he employed from year TO Fea ohe redempion
whole or Il pa m @ q p9 aa Is aed
redeemed until those e all the preceding years are pal
The Bosfd Of Trustees however at any Of their
meetings. by the vote of two thirds Of the whole Of their nun
lion Of profits of mio Of dollars before Il
Shall appedO the redemption of certificates afor
ARTICLE EtEyEsrH.o On some Say in the first month oft
the eNpana Of the f q M efo9e s a9 S If fohs ae we
year. ocrs Of the Company shall cause te be made md
Statement IF hs affairs OF Tue Company, which sha contain
m d@nS tas tn EfaS Efa b.
ices on Marine Policies and River Inland Navigate
seconde amount the expense the Company duri