New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-11

The President shall preside all of the B0ad
Trustees and OF the Company and a condnc the business Of
The Company generally under The Supervision Of the Board
preside such meetings and shall sign The policies Of tile Com
The Board Of Trustees compensation Of ali officers
and CLERKS elected employed by Them IN the service Of the
They sha invest the profits arising from NE business the
hereby invested win fu power to frame and adop sasG ~
laws rules and reulations ,ley may deem necessary and
alfirs provided conflict
a@ o Ill., ae and b s6 e G vi o nS
acts necessary for caring INTO effect the ohlec and purposes
Of the Company herein provided for and 10 f ali vacancies
| that may Occur in their number -
The rs Board Of Trustees snd hereby vested with all
sell Ro eF seai un tie lat Mohdey In 3co e;gitee
hundred one unt Their pEce
or TRUSTEES;
Araadeo Landry, Octave VOORHEES, ". q. Bettefton,
VI ,p A. G i Thsod9rs L"nauS Fl frank Shaw
John Gnudy, h Bordeois i, Hickman,
j. iapene, y. P Logan, p. Botehfori,
| A, r. GficH 4. BouiousQhis, Nalen HERMAN,
| Theodore Frois, NJ keHI, Masn Pais
< B sonnsaa 4 Ie Her " l. t Caassr
AiTclE siNTu-Eyery person who shall hereafter insure
Sna continue e. insure wh he Company aad every Rersn
credit ~ sq books n, he Company e e issued herein
and shall have the gh vote BY proxy ali
elections eaeh certificate IF credit the books Of ME Com
issue thereof shall en,iqe the holder Tor every
the aonn Of one thousand dollars and tan hundred
dors 9fs h s s 70 one a. goe a The
dollars Shen each one thonssaa d9aEs m95s sha BE- entitled
shall have been transferred The nm claiming
as q sri sf Bea S0 s. ssees shall have
power invest from time time one half Of the profits
c,tbcrtl Parish md City d sisr
s9 ss si a ona thereon ' 'e worth
They also invest the cash surplus profits Of the
the laws Of the United States of ibis State this city,
any II lie Aforesaid securities bonds Or sock
The Company may hold rsa estate q ~ amount not exceed
purchase in addition any property which have been
their opinon the lie Company will thereby b
promoted or should require snch purchase y save from low
eFemoah after the rst Of October eighteen hundred sixty
Issued and during each every succeeding
year, estimate be made BY the Pesi
ending Including effected during the
aine and Rive p9ces 'ish estimate shail Se Conclusive
al persons et.ed 70 reeeg certificates profits here
with proportional share Of losses by the Com
Ra IN % esc ha such share exceed he aInoan Of saeh pre
mms; and shall credit him with the anoaut OF said premiums,
Company derived from Investments and for the which
lied to certificate signed BY President and Secretary
n 1nsrssi g. We te G psf cent per san payable On he
tanning poyso that The amount therein shall be liable
And should a person entitled % reeete sac cerdcstc be
M 70 and s"Il MI nve sd ea 10 e.
The certificate exigble the company shall have right
fs5s and lie GAR BnRe b e IL e
any Indebtedness Of The paftg 10 whon shall have been ci2
cred oF unpaid premiums whether such arose n
shall be made except the option Of The Trnstars until
Indebtedness shall have been entirely eXtnguisled
be called for " parties thereto within three year.
from The date Of their issue then the shall he Cancelled
and The ] Il ere s T al e 9s5ss accrued
i 2oosH 81 d ~ sn n1i iI f p gee q
Of te eece and the name Of he pasiy entitled 10 the
dollars and paris sums even tens 81 dollars
shall be omitted and shall be placed The credit of
tngen account q The Company and applied to the
The eSpSase. nd s5gggs q t "Sseedng yss
Company, and with is CONSENT .,.,,,...5.
y %es ih Sefgm n bae
receives his peley the rates h4 shq, be determined by The
from the Company except as provided in the neS article Sn
shall be liable for all the losses and expenses incurred BY b
AgsEg 5 theaesnna3ed profits shal
thereafter be employed from year 70 ysaF The redemption
T p Of pe f a eai n M gP t9 o
be redeemed pnti those Of all the preceding pa
The Boafd Of Trustees may hoyevsr at Of their
b y eP AID his as % snirs an 5@s
ton of Pros % az amount one million 9 dollars before thu
ss sh' be applied the redemption Of as 't0e
Article ELEvESTHon some day in the first month afte
expiration the first Of October 1861 the issuing
the r poles and within te first month of succeeding
oath and shall publish according to law, General Balance
Firs-The of premiums received during the year jus
ended me amounts RECEIVED On Fire POI
Poiiciss =" ipi'p navigator
secondThe Of the expense of the company during
the year.
of Incurred during the year dsn
gushing Fire Risks Marine Risks aud Inland Trans
poEtationand Navigation Risks
F0nrh-Tle balance remaining with the Company setting
forth the of cash hand the amount invested ii
securities and the nature Of such securities.
ARTICLE TwELfTH-The Stockholders the Company, Mt
general meeting 10 be convened or thirty dry
in of the published in this city shall
the power make any changes, additions, notifications
the of Incorporation dissolve IL provided tina
reefourhs of the such melting shall
in favor Of such proposed measures aud and all suel
change addition dissolution, shall be recorded required
law.
ARTICLE THIRTEESHHAtt the expiration the term of hi
incorporation, its earlier termination,
twelfth Commissioners appointed by til
Board of Trustees under whose superintendent
the Company shall be Quidaed its debts liabilities
and The balance oil its funds shall be appropriated the rcdemp
the Commissioners shall until
business the Company shall be entirely settled
and the death Inability either survivor alon
shall act
FoURTFENTHln addition share of profit
In the business Of the Company the original subscribers
entitled receive for the first year special interest eie
per Inc of premiums credited their subscrir
such credits until the FIRST day Of October eighteen hundred
| sixty nne.
Thus done and passed my Office the city Of New 0rlean
aforesaid, In the Marcel T. and Anton
ConAnd witnesses Of nwtnl and dunciaed city
who herenno sign their together with the said appearer
and me- said notay on the day aud date forth III the capo
hereof.
orignsl sgred-BEaui L Tlsuiry Harris Befcisr 4 c.
Feowes Co.. Foley Avery Co., ]. N. Robert Co., an