New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-18


Trustees aid o the Company and Shall Conduct The business Of
IN ease af &c e rfeden the Shall
preside at such meetings and shall sign the policies Of the Com
The Board Of Trustees shall fix the compensation officers
and clerks elected employed by em in the service of the
company II u, ~, e,,, ~, ,,,,o. - A.,
Company IN tile manner hereinafter provided for Ihey
hereby invested with fal power r. frame Sn adopt such h.
requisite to the q The Company aud the trnsae
true intent aad meaning e WI sGt 4 n ~ HE
la 2! lns S vi @ ie ss a b1ses 10 90 ~, 9sF
Of the Company not herein provided for and 10 OIL all vacancies
nrielE FgfTa-Ths ioiowpgpauiei persons shall eonst
the rights and specified in The preceding article They
shall hold their seats until the ast Monday n October eighteen
hundred and sixyone until others elected in their place
TRUSTEES;
gds9 5apa 9 psas, y9e5s VS. B gsa
Alfred Do!houde, e 4 Bell v Cooper,
| John Candy, i. Bordeos + Hickman,
l. IL Harris, 8 Gayspes, thas j Leeds,
j. N. Robert, I'M Wagner, ], G. MeLesFn,
| Theodore Frois, w. A. Kent Magn Faig,
j. Is. Murson, j. Zolly, VIM. Gruaat,
j. A. Bonhaton id Herr w. b. Gonger.
and continue 10 insure Will Tie Conpany aud every psFso
holding h own name or The name o. HIS fn certificate
after provided for shall be deemed member of the Company
ELECTIONS each Certificate d credit on Tie BOOKS # lie Com
pang not discharged Inundated y losses sustained after the
hundred dollars until the amount Of The certificate shall %
dollars shall be entitled additional vote until the
Is Of the GeGse shall e@G d. as sum e Ee thGsand
to one additional vote Provided however, HAT th
vote within six months prior % sncb election.
ARrlo1E snyEErH.rhe Board Of Trustees shall have
Company in 9an secured B5 %ortage on and
at Least twice The amount loaned thereon.
pany the purchase any bonds by q under
may cash surplus profits On pledge Of
amy Of tIre aforesaid securities bonds or stocks.
ylull Ion
ing onefoalh q is profits but the Board Of Trustees may
n afed IL he Gompay a 5ce as d y e s L IL
their opinion the interest Of .s Company will thereby be
EIle1 a. @ officer Of The eonPanf hal within
Gae Fo md tn n ls t5 Of 5es a gye 9fea
yer canse an estimate 70 be made i sworn 10 6y tie Pfe
den! and OF the affairs Of the Company for the
period embraced in sne estimne DISTINGUISHING Fre
upon ali entitled 10 ecee certificates profits here
a # aeEsR9n ghsg f nssr
psny according The amount Of he premiums by him paid
niuns and shall credit him with the amount Of said premiums
Company derived investments for balance Which
shall then appear TO be in favor OF the insurer he shall be emit
interest a. he s,e o. per cent per hnnam parable on The
aiming pfoyso that the therein named shah
md Al SUBSEQUENT losses sustained BY The Company
indebted the Company for any premiums credited him
tine the certificate sSgble company shall have he gh
s a S he & have BEEN e. t ssae S
and delivered shall alwys 10 lie Company io
for unpaid premiums whether such Indebtedness
FORE Or ate the ssnHg o. The Geress and no Transfer
inieblrduess shall have heen entirely exllngashed
coiisd y ihe parties entitled Ilelso yea
and the amount thereof G the interest accrued thereon
shall placed lie credit Of The :. Contingent
IN French and English foT thirty day. in two d the
published in thus city which noiieG shali forth the
the certificate and the Of the entitled to the
issuing the said certificates Of profits less than
of
omitted md shall be placed the credit of the
ofhe and charges q nc saeeeeding year,
Q Companyi and with Us consent.
Article NlsTHEyery who shall become membe
rec ss Sa poy nav the es dat ba S y
Trustees and the amount paid shall be withdraw
shah be liable for all the losses and incurred by III
ARTICLE Whenever heaccamulated net profits sha
exceed The Of ge hundred thousand dollars the
whole in Of each years certificates Of profits Issued
not he until those of all the preceding years are pal
The Board Of Trustees may however any of their annua
meetings. by the thirds of the whole of their nun
lion Of profits amount Of million odoars before III
shall be applied the redemption of certificates aore
AnrIetE ElrxEsTa day IN the first month afte
the first policy and within the first m9nto every ueeeedn
S Ss and a pa5 ascofdg to law General f Bana e
Statement Of The affairs of the Company which shall
ended specifying separately The amounts received Fire Pc
# Peie q NA't"e anu Oh s' 'f MANI Nss"''
seeondThe amount of the expense of Company dun
Frd losses incurred during year distir
5o of and Navigation Risfs anu i's" 4''
FS9Ths balance nee remaining with the Company seq
seSGs and me mature Of such iefaTes M
general meeting e be convened for e after thirty day
oSe IN two 9t ne anew IN this et shall hay
e act Of incorporation even e dissolve provided In
favor Of such proposed measures and any and all snc