New Orleans daily crescent., 1860-11-20

4 b; Grisa, a BcudoSsqus, yalsn Ia b1,s Hermann,
Sss5;sS Ss5ssfsn. ! assr v vi T. 95s.s5 5ssssr
ARTICLE sIxTHEyery person who shall hereafter insure
holding his in the name of his firm certificate
al er pded fo BE- member Il
is@ he
a he o ats ds s
hundred dollars unl the amount of the certificate shall reach
dollars more shall be entitled additional vote until the
aa S %bgn en- se eeGg os hod hn M be ened
to additional Provided however, that such certificates
vote Within six months prior to such election.
ARTICLE sEyEs1nrhe Board Of Trustees shall have the
invest from time to time one half OF the profits of the
in 5 m 5 s a am y ana
7 at least @ tWiee vi s The loaned thereon - ~.
The Of bonds Or stocks @ created by under
may loans such cash surplus profits pledge Of
od ssss IL 1ea a9 aonn mt
ing oneouh Of its profits but the Board Of Trustees
to be eompany al any forced sale Of tie
their ad M sae 0 he B H o BE-
ARTICLE E1GHrHThe officers of the Company shall within
'front.' e h pg a Insurance h ase besn
ssue during the first month OF each and succeeding
dent and Secretary the affairs Of the Company for the year
period embaeed such estimae distinguishing between Fire
Marine and River policies which estimate shall be conclusive
nsftel provided for and ereupon charge
with Il
bn IL no case shall the o such pre-
and also proportion thereto of the profits of
S9pan app IN he he shall Be-
certificate signed by the President and Secretary bear
Second Monday in November Of every year
for o any and ali sustained BY he
And should person entitled to receive such certificate be
ssI No. have pal, ,he same a Rs
of
ndeetednes and Il the certificate shall have been issued
indebtedness of the party to whom shall have been de
fore issuing the certificate and transfer thereof
shall be made the option Of the Trustees until such
And n case certificate or esGcates of profits shall not
from the date q the issue then shall be cancelled
thereof with al the interest accrued thereon
the Company after public notiee b
s hS the
certificate and the Of the party entitled to the
dollars and a t. s tens en- @ dollars
Of lie eSpenes and charges year
Ihe a on the books Of
of h Company BY eeetn therein shall before he
receives his the rates hs' sha be m BY the
the ny b s 5 in the next ace but
| COMPANY.
net profits shall
thereafter be employed from year 10 the edempon in
whole or part q each years M &c, eesaes Of issued BY
be redeemed until those of all the preceding paid
The Bosrd Of Trustees may however any their
meetings. by thirds of the whole of their
amend this article,
ton OF profits to amount of million Of dollars before the
shall be applied the redemption of certificates afoe
| said.
ARTICLE ELEyEsTH,-on day in the first month after
expaion of the first of October 1861 from the issuing of
year the ocre the Company shall
OATH and shall publish according law, General Balance
Statement of the affairs of the Company which shall contain
Frsrhe amount Of premiums received during the year Int
ended specifying separately the amounts received Fire FOL
nes Marine Policies and River Inland Navigation
secondThe of the expense the Company during
FhdThe amount incurred during year dstn-
portatien and Navigation Risks
forth the amount of cash on hand and the amount invested in
securities and the nantS Of saS sSgFes o at
meeting to be for hs & s s
the power make any changes additions modcations in
the Of Incorporation TO dissolve it, provided that
in favor Of such proposed measures and any and ali snch
change addition dissolution shall be recorded required by
1nTloLE TmRrrEsrH the expiration Of the term Of th
Incorporation its earlier termination provided in
article twelfth three shall be appointed by ht
Board of Trustees under whose superintendent the affairs
and the balance shall appropriated the redemp
e @ % sna hGg IN
business of the Company shall be entirely closed and settled
and in of the death inability Of either the survivor aon
ARTICLE FouRrEEsrH-Ina addition to their profit
in business of the Company the original subscribers shel
entitled receive for the year special interest of eig
pn fa I on ase
such credits until the first day of October eighteen hundred
Tins and pasedn Office in the city of New orlean
se % q @ n ane a. saa ea
who sign their together with the said
and said notary the day and date set forth in the capo
Original signea-Braud Landry, Harris, Bereier Cs
Fellowes Co., Foley, Avery Co., j. n Robert Coz N