New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-30
hNARn ~ TRrsrEEs

the rights and powers specified in The preceding article They
shall hold theft seats until the last Monday October eighteen
hundred and xtyone until Others elected in their place
BOARD or TRUSTEES:
esS i Taaaaa ssSs ss
John Candy u. BoEdtlois, j. Hickman,
Iapfr s,r, 3 d 4 Lqssn { X Ho,fh fss
j. n Robert j. NJ Wagner, j. G. Sci.eeen''
A. D. Grief l., BoudousquiG, Vaen Hermann
j. + B sonnssn il ToH Herr W VII B. GG5 oassr
and CONTINUE to sh The Company and
hod .s al h own Ism the name Of his firm certificate
after provided for shall be deemed member Of The Company
each erfeae # credit oa Be Pfoay G x
sny not dseqrgsa or hy losses sustained after the
hundred dollars mil the amount Of the certificate shall reach
dollars more shs X ens4 to one Rdd soe pntil s
doaTs when each one thousand dollars more sha be
one additional vote Provided however that such
vote Sitha 81 months prior 10 such election '''s y
ARTICLE sEsKsrH.The Board Of Trustees shall have the
power invest from time to time one half of the profits OF the
a lem s f 81 a II R9 # e a6 y a9
al least twice The amount loaned thereon.
pany ID hs Of bonds stocks by
may make loans Of such cash surplus profits pledge Of
any Of heaforesaid securities, bonds stocks.
ing onefopth Of net profits bnr the Board Of Trustees may
orssd u lie COMPANY ce e u re ffin
their opinion the interest of the Company will thereby he
EIGHTH-The officers Of the Company shall within
one month FIRST Of October eighteen undedand sixty
the time the first policy OF insurance shall
Issued during the first month Of each every succeeding
dent ana Secretary affairs the Company for the year
ending including statement OF assurances efeeed during the
period embraced IN such between Fire
Marine and River policies which estimate shall be conclusive
upon all entitled TO receive certificates of profits here
matter provided for and shall theteupon charge
with proportional share Of the losses sustained by the
Eat Ii shall such exceed the such pre-
inms and shall credit him with the amount Of said premiums
Company derived from Investments and fer The balance which
tied to certificate signed By The President and secretary BEAR
Second Monday of each and every year and CON
tanning pToTiso that the amount therein named shall be liable
And should any person entitled receive such certificate be
hdS ae h Pn shall 3 ape pa hs n 10 h AZ e
time the certificate is exgibe the shall have the right
ndeheness and even i the certificate shall have been issued
any Indebtedness of the party whom shall have dev
cred unpaid premiums whether such Indebtedness
ha Be- made at the opGn Of The until such
called hs parties entitled ,h thereto within three
and the amount thereof with al the interest accrued thereon
- q pd AZ o ag wo o r s
certificate and the Of the party entitled The
dollars and fractional parts tens d dollars
shall be omitted and shall be placed the credit the
q Ne and sh@g S q f. hs ear
ARTlclE Nisrn-Eyery person who shall become member
receives his policy pay The rates that shall be determined by the
III ompany Except MS provided in tie ncS S article bu
shall be liable for all the losses and incurred by
Company.
ARTICLE Observation-Disclosures theacenmulated profits shall
the Of hundred thousand dollars the may
9s Of H. & af bpt e If profits a
be redeemed until those of oil the preceding paid
ah ~, eS I'm us ~ ray ho,re,.r INV &c
mee aS By he he fs
Ion os 10 an amount Of one million Of dollars Seore liz
shall be applied the redemption OF certificates aore
EIEvEsrH.-on day in the first month after
The expiration of the first Of October 1851 from keissung
the oicres Of the Company shall to be made under
Of the ] Of he oopsny % wc s
FrsThe amemt of premiums received during the just
ees on Marine Policies and River Inland Navigation
secondThe of the expense the Company during
amount of losses incurred during the year stn-
sushng bsTsen Firg E5s Marine Risks aud Inland Trans
FourtiThe baance remaining with the Company setting
orth the amount OF cash on hand and The invested
&RTIen Nv sockh9as o the comronv nj
II he P9GPe e ill., sy % Sa
he power make any changes additions notifications in
he act of Incorporation or even to provided
he vote represented such meeting shall vote
hange addition dissolution shall be as required by
ARrlc1g THIR4rEsr The expiration of tho term ~ iii.
ct Of Incorporation its earlier erinution provided in
rce twelfth three Commissioners shall be appointed hy The
8oard of Trustees under whose superintendent the affairs Of
he Company shat % liGgigted rs debts AID liabilities paid
balance OF its funds shall he appropriated the redemp
ion of the certificates of profits ! and without distinction
the Commissioners shall continue
the Company shall hs entirely closed settled
in of the death OF inability Of either the survivor
hall a1t.
ARTICLE FouRIEENTHIn addition TO their share of profits
The business of the Company, the original subscribers shall
entitled 10 receive for the FIRST special interest of eight
the amount Of premiums credited their sbscrp
ion notes which shall average dates Of
UGH credits until therat day of ocobe eighteen hundred and
ixty-one.
Thu done passed my office in the city Of New Orleans
foresaid III the presence Of Marcel T. Ducos Antoine
onand witnesses of lawful age and domcaed in said CITY
Tho hereuno sign their together with the said aprearers
nd said notary the day and date set forth in the caption
ereof.
Original signed-Braud & Landry Harris Bercier 4 Co.
GLOVES Co., Foley Avery Co., j. n. Robert Co.. and