New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-16

preside meetings. and shall sign the policies Of the Com
Tie Board Trustees shall fix the compensation of all officers
and clerks elected employed by them in tue service Of the
they shainvest the profits arising from business e
hereby invested fan power frame ana adopt such by
laws rules and regulations rs they may deem sGes'arE and
ton afrs provided the does conflict with the
laws law Of his State and he shall aye fa s@ss % ali oeT
acts necessary for carrying nS eecS the objects ana purposes
of the Company herein provided to and 10 Oil all vacancies
that may occur in tier number ...,y.,,.- 4,
Board of Trustees and etey vested with all
the rgats and powers spesied II he preceding article They
hundred and sixty or until others are elected in their place
BOARD OF TRUSTEES:
Amadeo LANDRY, Octave VOORHEES,, W. G. Betteron
" Il &afiaa G6sod In; Iaasus i EFaeG shsT,
John Candy, y Boldelois, 4 Hickman,
fp aSs 5ava Gss tb sot 5 Iesds
j. N. Robert j. NJ Wagner, ]. q. Mclean.
A. u. Grief, L, Bundopsqut, Nalen, Hermann,
Theodore Ftos w. A. Kent Msgin Puig,
( f boanstdn J. zoi Her, " WI b Cong csastr
sna continue insure with tho Company and every person
holding his natne in the nae Of his firm certificate
nt credit the books of die Company he issued herein
after provided or shall he deemed member If the Company
esetions each certificate Of credit N the BOOK o fe Com
issue thereof shall enfe ME holder Vi 0 sianed after the
he amount of thousand dollars then eae ge HUNDRED
aoas more shall Be entitled 10 one additional lie
dollars When each one thousand dollars mose shall be entitled
to one additional vote Provided however that se
shall net have beeu transferred the person Or m canI ~
vote within AiN months prior to such election -
ARTICLE SETENrlfhe Board Trustees shah have the
mower to invest from TING 10 time onef The profits o tie
@9mpenS n 9aas secured 9y moege on improved e.
s2n and y eggy case the properly moftgaged shall be
gany the purchase Of any bonds stocks ga;ei ~ o under
aud may make loans u sae sh Or as pro 81 o 81 TAI
any q the aforesaid securities, bonds stocks.
The Company may hold estate to IN amount not
ing oneou d ils net profits but The Bord Of Trustees nav
ogaged to he oRaay ii y foced ae Of I S haSs Gsfn
e epnon tae interest Of ,he Company VIII thereby
ARTCLE EGurufe officers q The Company sBali t yti III
from policy Of insurance sha have S
issued and during the first mouth each every succeeding
Secretary o the Affairs Of the COMPANY o ~ Ss
ending including n5ulces ,Ice inrj,,' H.
period embraced ID snch estinae IisiT.Iishn me
Marine ana kseE POLICIES WHICH estimate sha be conclusive
upon all persons entitled rgeesf certificates profits as
matter provided fos and shall thereapon charge each insurer
with proportional share Of the losses by lie Can
pauy, according 10 the Of lhe premiums fv linn aid
but N no cse SHAH such SHARE exceed he 81 sc pre
hd also with STARE Y proportion thereto Of the profits Of The
shall then appear 10 be IN favor 0 lie Insurer be s H. @
lied 70 certificate signed by the President and Secretary bear
Second Monday in November OF each every year and
lining PROVE that the amount therein named shall liable
And should entitled receive eerifc9a be
The books aoresNd and sl have paid The sarna at The
e me eerllcte f. eibr ihG company shall have the right
nee9ness and even The certificate shall have issued
any Indebtedness of the party whom shall have been eg
cred. or unpaid emlus, whether such indebtedness arose he
fore after he ssng Of The eertifets and thereof
1 he nude except AZ the option of the Trnsecs until such
Indebtedness shali have been entirely distinguished
Ah ~ ctsf HhS cfflucate or Gelehes Of profits shall
ne called lO by the parties entitled thereto, within three years
from The dae OF their issue then The sha be Cancelled
md ne amount thtre9 with MI HE interest accrued thereon
i ne hGe1 70 lhe circuit o. the Contingent NceOnnp on
~ oo9NS Oh VIZ company ct public notice, by advertisement
" feic4 ti hFsh UT th3 dh&S "a two 81 the newspapers
pgsied " tns ely Mhc noIice shall SGT forth the
y Wy a5 rue i'e ei me nH entitled TO the
N ISSUING ie sun eetineees oil profits sums less than
dolis iend par OF sums betWeehe even tens OF dollars
sa Pe omitted and shall be placed to the credit of the Con
l1et Accuu OF 5he company and applied 10 the payment
oil Inc expenses ana charges OF the succeeding year.
Tue ceftleGte shall only be transferable the books of the
NoHpaHs' anu "lh CONSENT.
ARTICLE NlETH-Egery person who shah became n,e,a
Of Abs Company by eiecn insurance therein shall betoa In
receives his policy pay the that shall be determined b &
Trusteesi and the anonnt paid shall never be Withdrawn
from the Company except provided in next article int
shall be liable for all the losses expenses Incurred he In
COMPANY. ~ ~ '
ARTICLE TESr.-Whenever tbeaccumlate,l net profts shall
thereafter be employed from year 10 year 10 The reeEntion
whole OF in pa Of each years certificates profits isse v
virtue OF the eighth article bn the certificates of one ypar shall
mol be rdfentd until those Of all the preceding years are mid
and eSngnished. -"
me Board Of trustees may however, apy Of their annual
Ler alter and amend this article require an accnmmia
ton OF profits 10 nm amount of million ofdoars before lie
excess shall be appedto the redemption certificates rs aore
SAID
Ah1leLt ELREsST-on some day IN the first month after
the frSt policy and within the first Of every sceeems
Se the oteffs q ie company shall cause be