New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-30

preside at such meetings. shall sign the policies Of the Com
Tie Board 81 Trustees shall M the Of 81 officers
and clerks elected employed by them in the service OF the
riley @ profits arising from The business Of the
Company hereinafter provided for Tbey
hereby with power frame aud adopt sneh by
reque for lie he Company and The
ton Of is affairs provided he same d2es moi conflict WIN ne
Jaws This state snd they shall full Pewerto DO all other
acts necessary carrying into effect the objects and
Of Company herein provided for and 70 I'LL all vacancies
ARTlrlG FirTTa following named persons shall cons,i.
ute The irst Trustees and hereby vested with all
R s S Ro the shs s es5s ai last Mo cbs gss
hundred and sxyone unt others are elected in their paes
r. a. aas s&y fSssGers Esaa ssf Shaw
John Candy - Bofdelols, 3 p linj
H. IL Harris, 9. dayer5c, chas & Leeds,
J. n Robert, I'M Wagner, J: Q. Mclean, N
Theodore Ffoti.. VA, Kent Magn faie
J. 4 ss gaaSFen 81 Toi Herr VII B. G Goassr.
Article sI1TH-Every person yhe shah hereafter insure
sn8 s9as 70 ns se %h the III fssS
credit books Of the Company to be issged as herein
and Xiii have sh y by a ID
en- sfn @ sase IL as sustained e gG the
issue thereof sal eate holder goe FOR every
~ saoaai 5Ssi ha@@sd
amount Of lbs cs rate shall reach thousand
dollars when eNr V thousand dollars mere sha be entitled
shall have been tran ~ the or finn claiming
ARTICLE sgvEsI-The Board Trustees shall have the
power from time time oneha'f of the profits OF the
numbered the Parish of Orleans and City Of Jee
son and IN every sas m Ssre m9s@sed shall be worth
They alo invest The cash Or nrpns profits Of the Com
ot The United States Of th STATE q this
any Of the aforesaid securities, bonds stocks.
e"sy may hold real estate to IL o aonn not exceed
n @ wv ot S all q ~ nsSe Gfin
The
promoted should rsguire such nrehae to save from
month after The m of October eighteen hundedand sixty
h Sn S 5 P9gy Of eae an s
year cause estimate be made sworn to by the Pesi
ending including assurances elected during the
period embraced y spsh c s Se
upon persons entitled receive certificates of profits here
with Proportional share Of The losses Sustained by he Com
aa{ IS eas h as mi ] s y such
H and shall credit him with the amount Of said premiums
Company derived from bsase Which,
certificate signed by the President and Secretary bear
Ing A. the nate Of per cent sn on he
aiming pfosiso ihSf amount therein shah be liable
And should any entitled receive such certificate be
indebted The Company oE any credited him
time certificate exEioe the shall have the nigh,
@
ps %ho as ss been es
cred for unpaid premiums whether such Indebtedness
Ss s 8 made option If until such
n sa, " po shall
be easd s y he parties entitled Hereto within Tires
asn
shall b PLACED e the credit Of the En-
i IN f 5sSee and EassR
certificate and The Of the party entitled to The
sRa Be- omitted and shsll Be placed he credit Of the Con
and charges e a. sssssdng o :
a Company and wi,hits consent
NlSTH-Every person who shall become member
% policy y hs iran sSys
Trustees and the amount SO paid shall never be Withdrawn
liable for all the losses and incurred by the
Gompany
exceed hundred thousand dollars the may
aSoe Or 10 II part cereaes profits issued
virtue eighth article but the certificates of shall
redeemed until those Of all the preceding years paid
meetings. i By The vote Of Of the Whole q Their NUM-
ss ar ssf s 70 az one milton e
shall be applied the redemption of certificates
said
ARTICLE EIEyEsrH-on some day in the FIRST month after
the expiration of the first Of October 1861 from the issuing OF
year the oicres the Company shall be made under
as@eat 9TH 81 III compas which
Firs-The of premiums received du,lng the year
eies, Marine and River Inland Navigation
secondThe of the expense of the Company during
the past year.
FhirdThe during the year, istin
gushing between Fire Risks, Marine Risks and Inland Trans
portationand Navigation Riks
Fourh-The balance remaining with the Company, setting
forth the amount of cash hand and the invested
securities and the nature o such securities.
ARTICLE TWELFTHrhe Stockholders of the Company, at
general meeting 10 be convened for after thirty day
notice u two OF the published this city shall hav
the power make changes, additions notifications
the OF Incorporation dissoveit provided tina
OF the vote represented meeting shall
in favor OF such proposed measures sucl
change addition dissolution shall be required
law.
expiration of the term of thi
Incorporation its earlier termination as provided Ii
article twelfth three Commissioners apponted by th
Board of Trustees under whose superintendent the
shall be lqudsted and liabilities Maid
of its funds shall appropriated 10 tie redemn
of the certificates profits without distinction
Commissioners shall to Rct until in
of the Company shall be entirely and settled
the death inability either survivor alon
shall act.
ARTICLE FouRrEsNTH-In addition their here of nro6t
the of the Company the original subscribers shall
entitled receive for the first special interest
per the of premiums, credited their snbscp
lion notes shall average dates
credits the FIRST day of October eighteen
sixty-one.
Thus passedn my office. in the city OF orean
Aforesaid the of Marcel T. Dncros
Consnd witnesses OF lawful and domiciaied in said city
who sign their together with the said
me- notary the day and date set forth in the caption
hereof.
Original signed-Braud Landry, Harris, Bercier c.
Feowes Co., Foley Avery Co., j. n. Robert Co., and