New Orleans daily crescent., 1860-12-06

be held within len days after and shall give
noe thereof advertisement in one or more Of the neHspa
The Board a sa at @ Crit Ws %ss S T. & I
time Of election be oco members the Board and who
The President preside all meetings Of the Board Of
Trustees and Of The Company and shall conduct The business
case Il o the President The Vice President shall
pafFEE fEEc Board Of the Of an officers
and elected employed by them in the service of the
Company hereinafter provided for. Tsey
hereby Invested With fal 70 frame and adopt such By
requisite for The the Company and The
true intent and meaning Of this Of incorporation with the
aws # m sq and they aa sS bs aBsss sn al
Of the Company not herein provided Tor and 70 Ill all vacancies
VA AnrsS s Fg1 T persons shall
te the s Board of Trustees and are hereby resd With al
shall hold their until the last Monday in October eighteen
hundred and sixty until others arc elected IN heir place
BOARD or TRUSTEES:
bssasss 5hSois.s . Lanaa EAea eeggse sss"
John Candy, E B@oTdeeia, Y E, E. hisshmsan, hnshs,
Harris, SaySsSs, fhss 4 IL & Issds' ss9s
a, D.. Grief, 1: Boudousqus, Yalen Hermann,
Theodore Fros, WA. Kent, Magin Puig
J. J. T. sa5i,a sonnsfaa 55 1elHE Herr " WI Congo eoassr
ARTICLE sixrH-Every person who shall hereafter
% fas arr
der af ds a2 se Se
and shall have the right vote person ~ proxy, all
paay discharged Inundated by losses sustained after the
@ d ss a he sea Sf sSfs
the thousand dollars and then each 1--WE hundred
smorn. q he cescse shall rese he o i've thonsand
dollars ss GHe
shall have been the person or m claiming to
ARTICLE sEFENTHThe Board Of Trustees shall have the
pose from time time onehhf of the profits the
eunbered real estate in The Parish Of Orleans and City Of Jee
sf lsas sWce si's ths amount loaned thereon =
They also invest the cash or surplus profits Of the Com
the laws the United States of this State Of this city,
any q Tie Aforesaid sseuriiiea bonds stocks
The Company may hold real estate 10 an amount not
purchase in addition any property which have been
n egipo1 he interest Of tie Company will thereby be
promoted or require such purchase it from loss
ons on aer the rs Of October eighteen sixty
from s time The s n9s 81 s na haye
year estimate be made to by the Pres
a during
peod embraced in such estimate distinguishing between Fire
upon entitled receiye certificates of profits here
with proportional share of sustained BY Com
sceodn S The amount Of hs p premiums ] By By him paid
nuns shall credit him with the amount Of said premiums
Company derived nyesnen aud which
to In yG ~ s5d b s Be-
ing interest At the as Of per cent per snnnn payable on the
sinng progsa TINT The shah be liable
e. sesrs By @ 5 sePs
indebted the Company for premiums credited to him
tme Ss sersiaeste esgb company shall have the right
s sn eSs sfh
and delivered shah always remain liable to the Company
cred for unpaid premiums whether such Indebtedness
hs q e e1 81 s snf ss bn
indebtedness shall have been entirely extinguished.
oo oI W he ] 1ee @
the a a hsp M s the s9ss h be
shall be- placed to the credit of the Contingent acconn
4 Psse md sss
@ s na R0' If ha set s,aa @ II the
In issuing the said certificates of profits than
ss p
sea nS GmF4h ana Pgsa to the
Company, and with its consent.
of eecng insurance therein shall before he
Trastees; and the paid shall be Withdrawn
@ ss b SBe @ sfes s as s
ComuanY. MY -
ARTICLE Whenever net profits shall
exceed Ave hundred thousand dollars the may
thereafter be employed from year to the redemption in
yhe Of be the eefacaes
redeemed until those of all the preceding paid
Ths Board # Trustees may hoTeysr at Of their animal
ber alter and amend this article ~ to require aceunna
on a 4 T. M q o9 e eess a the
said
ARTICLE ElRyEsTH-on Say in the first month after
the policy within the first month of succeeding
year the ocre Of the Company shall to be made under
oath, and shall publish according to law, General Balance
Statement the affairs of the Company which shall contain
FirstThe of premiums received during the year just
ended specifying separately the amounts received Fire Pol
ces Marine Policies and River Inland Navigation
Policies.
second-The the expense of the Company during
he
losses during the year. istln.
porstion Navigation Rss a",De -s'As '' i.',N
FourthThe balance reInainng with the Company, setting
forth the amount of cash hand and the invested in
securities. and the nature of such securities
ARTICLE TwELFTH-The Stockholders of the Company, at
general meeting be convened for after thirty days
noce of the newspapers Published this city shall have
the power to make changes additions notifications
the act Of Incorporation or even to dssoye provided that
Of the vote represented such meeting shall vote
In favor Of such proposed any and
change addition dissolution shall be required by
law.
ARTICLE THRTEEsTHAt the expiration of the term of this
act Of Incorporation earlier termination a provided in
article twelfth three shall be apponed nv the
of Tstees under whose superintendent the affairs of
the Company shall be iquidated Its debts aad liabilities paid
on the certificates of profits a and without distinction
Of dates the shall continue until the
business the Company shall be entirely closed settled
and of the death inability Of either the
shall act
In the business of the Company the original subscribers shall
be entitled receive for the first year special interest eight
per the amount Of premiums credited their subserp
fon notes. which shall from the average
such credits until the first day of October eighteen hundred and
Thus done and passed my Office the city of New Orleans
witnesses of lawful and domicated said city
who sign their together with the said appearers
and said notary on the day and dae set ofh in the caption
Original signed-Braud q Landry Harris Bereier Co.
Feowes Co., Foley Avery Co., ]. n Robert Co., and