New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-01

power to appoint others 10 fiji The vacancies
the last bonday in October The election aud shall hold the
year hcreon until others are qualified to act in
Those receiving plurality of shall be consider
place on The day used tbs PIescn, shall election to
be held within after The failure 70 elect snd tha slye
notice thereof by in one or more 81 the nepa
pers Published n This city.
yosr elect President ma Wee President who shall The
ms e ssstgn e eSg seess 81 IN Ga ss saa ~o
Tic President ali preside AZ al mee9gs ot le aard q
Trustees ana Of te COMPANY and shan conduct the 3u4ess q
ne Company generally nds hs I is 8 NJ 9Rd
preside such meetings. and shall sign the poess OF The Com
BOARD Of shall Fix the compensation Of all officers
and clerks elected oreupoyed by them IN the service Of he
Thcy shall invest the profits arising from the business Of the
Company IN thc aungT heLeaa,'e pnsdea iar Ihy are
ows a and n Z; sy may dss ma pgibs s s
ton Of It's alrs provided The does not eoqact with he
ius aen. and meaning Of hs dfi al a DR. @ s e
necessary Cos Carrying into eee he oses and pggojsS
ARr 5 FIFraThe following named persons shall cons
tue the m Trustees and hereby vested with all
he rights and spesled in Ne pfeeedqg article Iaey
hundred until others elected in their place
BOARD rHusTEEs
A1nadee Landry, Octave VOORHEES, v q BRseterton,
Alfred Dolhonde, 9 !. Bell w.Geqper,
John GRndy. y Bofdeois, r. tiieAnniAti
n Ii Harris, @ Gaya5oc, Ghas !. Leeds,
JIM. Robert, j. ". Wagner y y MGl'earn
A. NJ Grief j.. Bou5oisqu6, Naqn, Heelmahn
S Ss55s;sa TSi h., v WIZ h c Gsass,
ARrcLg sx1n-Eyery person who shall hereafter
ena continue 70 gs VIII H. GSmpsp nP t eg
i ssd O. hs Soos d he Company to Be- issued as herein
aiter provided for shah be deemed member q Tie Company
elections each cerldeqie # credit iho book q s Com
paD discharged agdaed by losses sustained after tie
Issue thereof shall egtle The holder e one yee for every
hundred dollars mil the amount Of HE eec9e snail reach
Sss %ssa s ss ase as 5' L 9 ssaa
. adaitioHgl vote r. ever thai "a inch sseaes
vote Within si1 1aoaihs prior u such election.
BGs,d s IgGi s H. hs g BsyG H. H.
Company lSas euIsd sg noriage on apa ngsn
in every ee the properly mot'gaged shall be worth
pay purchase Of any bonds OF stocks efeed By O. under
and nay make such cash surplus profits pledge Of
nv hS zeal estate 70 a amount not
ing oneor Of is mel profits but The Board q Trustees may
moriFssed The company forced sle Of {
oosd er should require sue purchase 10 save from loss
officer Of The Company shall within
e. s H. p9 81 eas ana @
cause an estimate 10 be made by the Pres
of the affairs of the company to the year
period embraced in such estimate distinguishing between Fire
upon ali persons entitled receive certificates profits here
provided for and shall heenpon charge each
pany according 10 The of the premiums by him paid
NUNS and shall credit him with amount premiums,
and also with share in PROPORTION thereto q he profits Of hs
shall appear be in favor Of the insurer he shall be emit
ing interest the ,as Of per cent per anns payaee On the
sane ha he amonn therein named ha Be Liable
for any all subsequent losses sustained BY The Company
indebted 70 ns an sa not hane pd he same at he
lime lin he cettGcas esgae shall have e right
to rotan certificate pledge for the payment of the sand
and delivered shall always remain liable TO the Company for
cred FOR unpaid premiums whether such Indebtedness
fore or issuing Of the certificate and no transfer Thereof
s snsii r. shall have been entirely exngaised
i @ Pafs sGa sSs
If ,b se ss be
shall be placed 10 credit The Contingent account"
N rsSs Of and n e
published IN this city which notice shall set forth the amoan
In Issuing he said Of profits loss than
s sSri Be sa entitled nd BE- asd credit Con
# aa Rs the
certificates sha only be transferable on the books Of tn
~ TX NisrH-Every person who shall become membe
mpapy by srsn shall before !,
ea5 lie any I'M sls r Ti'hdsax
si'SRs as 1a sf
a. s net profits ss
tece, employed from year TO year to The redemphon
virtue Of the eighth article ,he certificates year ba
until those OF all the preceding years are pal
Tbs Board Of Trustees may however any their
ber SO alter amend This article TO require an acenng
lion Of profits Of million Of dollars before III
shall be appedto the redemption OF as ator
said.
ny s osS he
the rst policy within the first month Of every
oath and shall publish according to law GeIera Baant
FirstTbe amount premiums received duing the year ~
ended separately the received Fire 70
ees Marine Policies aud on River or Inland Naygehe
second-The of the expense of the Company durir
Fhrd-The of during the year Dist
guishng between Fire Risks Marine Risks and Inland Tran
Fonrth-The balance remaining with the Company, seir
forth the amount eash On hand and ne amount invested
ARTICLE TwELFTHrhe Stockholders of the Company, Of
geiIee IN two Tie published Il Ills city shall
the power make any changes additions Or modtea9ns
OF the vote az such messing shah
change addition dissolution, shall be recorded required
law the expiration of the term of ii
act its earlier termination provided
article twelfth three shall be appointed By
he Company shall iqudaed its debts and liabilities pa
and The sssnsf q m %
ef dates the shall continue to act until
and in the deah inability OF either the survivor ao
ARTICLE FouRTEENTHIn addition to their share Of prof
in ihs business of the Company the original subscribers s
per cent on premiums credited on their ghscr
until day of October eighteen hundred
T5s sope and passed in my office city New ore
fnresaid in presence Of Marcel + hneros aud Ano
dnand witnesses awin age and denicilated in said ci
ho eeunto sign their together with the said appear
kd me- notary the day and date set forth IN the capt
es Original signed4Braud Landry Harris Bercier
Feilowes Co., Foley, Avery Co.,J n Robert Co.,