New Orleans daily crescent., 1860-08-08

requisite for le ths Company aud Tue nc
ta 2s IN @ M and en o ILL., e Il e I w VIII t e
laws Of This State; and they shall have ll powero do AL other
necessary carrying uo effect the objects purposes
of the Company not herein provided for and till all
AtrGLS FiiTThe iallowing.itlned persons shall const
tnte the first Board Of Trustees a hereby vested with all
shall hold eir nn the last Monday IN October eighteen
hundred aud i%yone or until Others elected III their place
BeAlD TRUSTEES: .gu .@.
Ma a teraon lhfode5S RrS LanauS TFaas shaw,
John Candy, u. Bordelois. Hickmans
I. pfPs T. aafri, E tagaes & gss Ghss sof9s s. Leeds
i T. Robert ii Wagner. j. q. Mcfeafn
4 ~ Grieh L. Boniotlsqnit, Nalen. Hermann,
Theodore FFois, w. Kent. MHsiH PUG.
! ! ( ( B5,s% ss5nssa + & T'lS ls VII l. GGs GSass,
Se1GtE ssz1aEseFy Bsrs2n IN Eo shall lie hereafter ins
holding in his name, o lhe bis irn, csices
q credit on the books e ne comPag 6 he issued herein
a sae the sa to y se5 II pa m F 9 % m M = ~
paps lisehqrgs lqpdsied ~ icsses sasaJ ier the
thereof shall entiie the holder 70 one vote Tor
the of Thousand dollars and then eaehye hundred
amount Of the certificate shall reach the thousand
dollars when eRch Thousand dollars shall be entitled
additional Provided however that such caps
shall have been transferred the person firm claiming
nre Tan s' osS sSh s ha have III,
power invest from time lime, oneha Of the profits Of the
cunbcred ZEAL estate city Of Jefsr
% GP sas aa9 syfry sas i ass'a ' be vo
They also invest The cash Or sgrpns profits Of The Com
lbs laws Of United States Or Of this state his city
any any, i 8 he aioesid sseae bonds or socks as'
The Company may hold 5ea estate 10 a. amount not exceed
purchase, in addition any property which may have besn
heif opinion the Interest Of lie o9mpans viii thereby be
promoted Or should gTnre ue ngt@shass @ to save from o
after the hrst October eighteen pdredand sixty
9 r s s the g q e aats
year, estimate 10 be made To by the Prest
dent and seereafy Of The affairs Of the Company for the
ending including statement Of ingFanes effected during the
hsne and River policies which estimate shall be conclusive
all entitled receive certificates Of profits here
iaafter provided for and shall heeupon charge each
with proportional share of the losses sustained by the Com
pnny, according the amount of The premiums by him pHid
shall such share exceed the Of pre-
miums and shall credit him with the amount Of Said premiums
and also with share III proportion thereto Of the profits of he
Company derived from and for the balance which
lied certificate signed BY the President and Secretary
second Monday November Of eae and every year. anil
laning pFoyiso that the amount therein named shal be liable
And sould person entitled receive such certificate
e BOOK aored and shall not have paid he same @ IT M
time the certificate y exigbe the company sha have the gh
sncl certificate pledge for the payment
Indebtedness the certificate shall have issued
any Indebtedness Of The party whom shan have ev
cred for unpaid premiums whether such Indebtedness
the issuing of the certificate and
shall be made eXfep At the The option Of t9g IfG,ies until sncl
And any certificate certificates profits shall no
sailed @ S By e. s qss s entitled sn a s@s T 5 m ss
,e ao9 ere With a al III Ihe aeFe accrued thereon
hg books Of the Company after public n9ct y advertisement
English thirty
pnblisied inns city, which notice Shall forth The
Of the certificate aud le hume Of te pagty entitled to e
doa aud FRACTIONAL parts Of sums between even tens Of dollars
Shall be omitted and shall be placed to the credit of tile Con
tngen account Of the Company and applied TO the paynen
Of 5e expenses aud charges . Of the year
ICE SSTEsE l. e person w9 Iha 6eG9ms sn men meme
receives mis- policy the rates a a9i be determined by tn
% ona sn9 es sSs s. aR s e ne "
ba be liable for all the Losses and incurred by III
Article TEsrn- The accumulated net profits sha
thereafter be employee from year to 10 the fcempti9n
whole or ps5 q Saf ysT n @ 81 pE9 snGd
redeemed until those Of all the preceding pai
The Board 9l Trustees however any q their annua
meetings by the vote 9f Of The whole Of their MN
shall be applied the redemption of certificates
ARntlE EIEyEsrH-on some day in the first montl. aite
the first policy and within the first month Of sueceedn
oath and shall publish according to law General Balanc
S on ,s Of T,H p sf h ysae m
ended specifying separately te amounts received Fire po
sf oss Sn Marine Policies and on hv'' or Inland N'ysao
seeond-Thc Of the expense Of the Company dnrn
FRird losses during year. aistir
portaon aud Navigation Risks,
forth the of cash hand and the amount invested
securities. and the nature of such securities
seog to be S p & day
power make changes additions notifications
the Incorporation, dissolve it provided
of the such meeting shall
in favor of such proposed measures, and aud all
change, addition dissolution shall be recorded required
law.
ARTICLE THIRrEESTHAtt the expiration term of til
its earlier termination provided
article twelfth three Commissioners shal be appointed by Al
oad OF Trsee under whose superintendent the affairs
Company shall be lqndated, debts pa
balance Of its funds shall be appropriated REDEEM
of the certificates Of profits and without ,fsnctit
ef dates the shall chnnao until Il
the Company shall be entirely
and of the death or inability Of either the survivor aor
shall act.
ARTICLE FouRTEESTH-In addition their share of prof
in the business of the Company the orgna subscribers sa
be entitled receive the first special Gig
per the of premiums their sbscTi
lion which interest shall from the average
such credits nntil the first dag of eohcr eighteen hundred
siNtS=ons.
Thus done and passed in my office city Of New orlea
aforesaid, in the presence of Marcel T. Ducros Anton
GonRnd Witnesses Of lnMul and omeiaed said
who hereunto their together said
aud said notary the day and date forth in The eap
y hereof.
Original signed-Bsud Landry, Harris, Bercier & q
FeloRss d Cos Foley Avery Co.. j. n Robert Co. Al