New Orleans daily crescent., 1860-12-21


Aaiadeo Landry, Octave Voorhees, ". g. Betterton,
". a. Gordo,, Theodore Lanaux, Frank SHAW,
Alfred Dolhonde, 9. ., Bell, W. Cooper.
Iotn Candy K. Bofdeiois' s. I, anlsktt2san, n
i Il is.tFS + Harris, .. Gay@yoc, Cha, 4 Issds, M
4 D Grief Ia Boudoisqui6 yaen. Heermenn,
Theodore Fr9is, W. A. Kent, Magin Pnig,
+ ! + + Bsaliaf sonnaiSu J. !. GofH Her, B. ca conser
ARTICLE sISrH-Every person wha shall hereafter
continue Insure with the Company and every person
ct credit 9 he book # h G03B@ny s1 pc If gsa ne n
after Pr9YieI @ fet, e. en oe % @ IN n nr " hy @ nroS M
eiecons certificate Of credit The books Of The Com
effs @ 4f Re fo 9tss one e
h AMOUNT Of one thousand doas and hen each " handed
dollars shall b. entsd one I'd faa9nS 5 g @ 9te pat hs
dollars when each thousand dollars more shall be entitled
a not have transferred the person firm claiming
vote within six months prior to such election.
ARTICLE sEyENrHThe Board OF Trustees shall have the
power invest from time time half of the profits of the
omsn in e. red & by 99a # sean anS @ and
SON and every the properly mongaged shall be worth
They may the cash surplus profits Of the Com
n % laws 's e OF o R STATE Or q Ills e
make loans Of such cash Or surplus prots on pledge Of
The Company may hold real estate amount not exceed
ne fourth q il net profits bn the Board Of Trustees may
70 he At m any T 9Tcfd nsn sae Of @ 9e ] in
promoted should require saek purchase to save from loss
ARTICLE EGHTHfhe officers of the Company shall within
one from the policy Of insurance shall have
ssu during the first month of each and every succeeding
year cause an innate be made by the Pfes
int Secretary of the affairs Of the Company for the
period en9sSs,1 yi " G ~ ai M se
u0n all persons receive certificates of profits here
ar provided for and shall heTeupon charge each insurer
papy according 10 OF The premiums by him paid
shan such share exceed the amount o such
and with share in proportion thereto Of the profits OF the
aS sh hs be in o he lie shall Be en
lied to certificate sged by the President and Secretary
of 6npr
Second Monday IN Of each and every and
for anS and ali subsequent losses by the Company
should any entitled receive such certificate be
the books aforesaid shall have paid he he
s to ain saeh as pledge o of the sad
aud eTfn the ceregie sha haye hay been
any Indebtedness of the party 10 whom shall have been dev
e Or Alter lie The certcae and no
At asn the epGn Of the T5nSef until such
And in certificate certificates of profits shall not
s o Sss e a ha be-
he thereof with al the interest accrued thereon
The books Of the c9mRny after public notice ey
IN n AZ English s F2 R5 st % e he
certificate and the name Of the party entitled 10 the
dollars and 3 a G S aGs5 m a s tens e %
of lie expenses and charges of the succeeding year
emn sa on the books Of the
ARTICLE NISraEyery person who shall become usg46cr
receives Gs policy pay tie Rates Shall determined BY the
~ ansy NV eHeept AS pfoyded ii lie nesf Il arc mt
shall liable Tor all the losses and expenses incurred
Comeany.
ARTICLE theacepmuated profits shall
five hundred thousand dollars the may
thereafter be employed from year year he redemption
whole part seaeh years eertieate ofprefts issued by
redeemed until those of all the preceding paid
meetings by lie twohirs of the whole thcir nun
ion Of prots 10 an amount of one million Of dollars before liz
shall be Rppedto the redemption of certificates aoe
ARnoIn ELEgENra, some day in the first month after
The eHaen Of the frs! Of oetobeg s6 from the issuing OF
year the ocres of the Company sa cause be made under
saemept @ Of the Sr Of the Company hch shall cont"
FsThe of premiums received during the year just
ended specifying separately the received Fire Pol
ces, Marine Policies and on River Inland Navigation
seeondThe of the expense the Company during
FhrdThe losses incurred during year distin
gushing between Fire Rks Marine Risks and Inland Trans
Fourth-The balance remaining with the Company setting
forth the amount of cash on hand and the amount invested in
| seearities and the Of such securities.
ARTICLE TwELFTH-The Stockholders of the Company
II h h
the to make any chances additions Or sdeations in
of the vote represented at such meeting shall
change addition dissolution a be recorded required by
ARrreE the expiration of the term of this
act or at If earlier pesded n
the Company a be qpdated its d4Sts and liabilities paid
balance its funds shall be appropriated to the redemp
ton of the certificates of profits rata and without distinction
dates the shall continue until
business of the Company shall be entirely closed and settled
and in of the death snaby Of either the survivor alone
shall act.
ARTICLE FouRTEEsTH-In addition their share of profits
in the business of the Company the original subscribers shall
be entitled to for the first speea interest Of eight
eT cent on he sm9nn Of credited @ on their
such credits until the first day of October eighteen hundred and
sfxty.one.
THUS done and paseain office in the city of New Orleans
aforesaid n the presence of Marcel T. Daces and Antoine
Conaud witnesses Of lawful and domcaed in said city
who hereunto sign their together the sad appearer
and me- said notary the day set forth In the caption
hereof.
Original signed-Braud Landry, Harris Bercier L Co
Fe9Ees Co.. Foley. Avery Go,i j, n. Robert Co., and