New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-15


power to appoint Others 10 i'll tie vacancies
the Monday October election and shall hold the
year thcreom, or until others qualified in
rhoe receiving plurality of shall y consider
place the day liked the President shall election
be held within days after the failure elect aud ha give
notice thereof BY advertisements in one or more Of the newspa
per; p, aished IN This city, ,,.1,,.,-ue-.-.-
year elect President and Vice President who SHALL the
a kid ther once nntii G successors sal be see s
The President shall preside al NJ meetings Of The Board Of
he Company generally pder The snrsr sion Of the Board
preside at such meetings. aud n sign the policies Of the COM
IKE Board Of Trustees shall x the compensation Of m officers
and clerks elected arempoycd " them IN the service Of he
Gaona11 n the profits arising from the business Of the
heeb invested with fall pSs n ID provided oC They IRE
laws rules and regulations, they may dSgua 9o sac PA
lion Of its afr provided The does conflict viii Tie
laws q his State and they Shall have do Mi other
acts necessary for carrying into effect the 9eels purposes
HAT may occur in bsir Sem6er ''i' ~ an S"eaheFS
h st Hon Of ts a pe se s.iaa i s
the ad powers specified IN he preceding article. They
hundred and siSyone unn others elected in thef place
oF TRUSTEES,
| Amade0 IaEdry, Octave Eoorhies, W. G. Batteron
| John tiunely, y, HoFdelois, F Hickman
Il lIhp GSsris 3 t & lagsn . otGShiIofa
| J y, Robert, ! ~ Wagner, ]. q, Mclean
II y, sifsif l, BYudeu.qnlt, yalen HERMANN
< (. B Nomination = 7o lis Y VII l. g Ga,sr
Article sixrn-Eyery person who shall hereafter insure
and continue with the Company aud every ns SON
OF credit on he boo of he ca S s 70 " 9
after provided oF shall " deemed enbcr ii liz Company
each osca credit o Re Soo X pr ~ G. GoS
s hsrso shall eH The hedeF to one Vote for c gsF dn s
hundred doSFs until the amount Of the certificate shall feac
dollars mo!s shall b emitted to additional vote until The
a S .ne a ssgeae Ea TeasG The sum Of ge thousand
9 one additional vote Provided however thar
within Six months prior to such plseoa cunning 10
ARTIclE sEvESTHThe Boafd Of Trustees shan have te
crneTe real es IN tie Psrib y ep Me- @ 1gsL
1t least twice III amount loaaci thereon @e'''
They may also invest The eash OF surpls profits of e
gau in The purchase ofgny bonds stocks cheated by Or under
hs lh%s o. re Tinted States Or Of this State ely
agS w, Of lae aforesaid securities bonds stocks 'Ss
ing eneoah IF Is profits but the Boad ofrsees mas
i ~ hs nno Any Ps S YaGh nay have been
their opinion the interest Of The Company viii erebv hp
Article officers tie Company sba INV WIN Inn
one month ae the rst Of October eighteen hundred and sixty
issued IND during the trst month Of each every succeeding
den! aud Secretary Of the affairs the Comty or lie Tea
9e gl1f gc enGm, q 1GfanGes effected darg tie
Sn a s p9ees g9a esmas shall be conclusive
@ oF @a sa seppoa charge eaeh insurer
paGy according 10 tie amount Of he pfs y Ge G Con
BIT no cse shall such share exceed the Of such pre-
ana also With sasre In ptGpoFon thereto of the profits
Company derived from investments mud for The tnqnce which
lied certificate signed by the President Secretary bear
Second Monday each and every yea and cone s
n PT9f1 5 hg sou gef naGed shan be liable
And should any person entitled receive such certificate be
aforesaid sian aot have paid the same 10 II 6
time The certificate exgibe the company shall have lie fiet
de9elness and even The certificate shall haze been issued
aud delivered i shall always remain liable he Company f1f
ans 9debtednes Of the purity TO who / shall have been
rred Tor mfd pFeinns whether such Indebtedness
hS be made EXCEPT At The option Of he Trustees, until such
And il case any certificate certificates profits shall not
Be- "9 , " " he parties entitled thereto within three years
and die Amount Thereof with MI the interest thefeon
hf book an5 sns 9pRIny rife G9 v
Of the certificate and the Of party entitled to tic same
dollars aud fractional Of between tens Of dollar
shall be omitted and shall be placed to The credit Of The Con
of the expenses and charges Of The succeeding year
Company, and with its consent. Y9ess q sle
AETlStE Nlsrl- person who shah become member
receives his policy The rates thai shall determined by the
Trustees and the amount paid shah be Withdrawn
from the Company except provided in the next article but
shall be liable for al" tie losses expenses incurred By the
article heacaumnlqed net profits SHAH
WHO'S Of Of il ps & each yes certificates pro6 issued by
not be until those OF all the preceding years paid
The Beard Of Trustees may however at any of their animal
meetings by the vote Of twoths of the whole Of their nna
tion ofpoh amount million Of dollar SeFore IT,
excess shall be apedto the redemption of certificates rs nfore
ARTICLE ELEyESrnOn day in the first month after
ne OF the HIST o, October 1861 from issuing OF
The ofces of the Company shall 10 be made under
oath and shall publish according law General Baiase
statement 81 the affairs OF e Company, which shall contain
Frs-Ie amount Of premiums received during The year inst
ended Spse3inG separately the amounts received Fire Pol
Policies ~ 1s"' 'sa'on
secondThe amount of the expense of the ooppany durn
Fhird of losses incurred during e wear dfsiin
portationand Navigation Riks s' '''4a
Fplrt-rhe balance remaining with the Company setting
forth the amount OF cash hand amount invested in
securities, and The nature of such securities.
ARIcLE IwELFIu-Ihe Stockholders Of the Company at
notice two of he newspapers published this city shall have
e ae Oh eofp2rao OF even 10 dissolve 1t provided that
heeehrfho the vote represented SUCH meeting shall vote
change addition or dissolution shall be recorded MS rcduedby
law.
ARTICLE TrEENruAt the expiration of the term of his
act OF at lis earlier termination as provided in
Board of Trustees whose snpentendenre The 'f
the Company shall be qudeted Its debts abities pad
and the balance of It's funds shall he Appropriated TO the redemn
ton Of the certificates of profits pro rata and withont dnetnn
Of dates The same Commissioners shall continue to ac until the
business q ne Cepay shall be entirely closed and settled
d N sas OF the deah or inability Of either the survivor alone
ARTICLE FoeRTEENTH-In addition 10 their share of oro6
e 9s9ess e me company the original subscribers shall
ton notes which interest shall from tfe average aes or
siyty.one. N's'l'''A i'u'iic VI ana
Thus done and passed my Office in The city Of New Orleans
o9naa witnesses q awal ase and deciated in said rity
%hp Ssn Their names together with the appearers
anu ne sau hotaFy Ga The day aud date forth in the canton
:, Original slspedBraad Landry Harris Bercier 4 O.
", x j. nbartk ~