New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-14


The Bes.d q Isgs'sss 1 Shall az hsE @ meeting n -
time OF election, be oico members Of the Board VIII
shall hold their office until ther shall " eeeted.
The President shall preside at l meetings Of the Boafd
Trustees and tho Company and shan conduct the business
t6e Company generally qgdsr ls G @ 81 te Board
preside st such meetings. and shall align The policies of the Com
The Beard Trustees shall compensation Of all officer
and clerks elected employed by them in the service of TIT
They SHALL invest the profits arriving from the business thu
Company the hereinafter provided for. They ar
hereby inYesed with ci power frame aud adopt by
laws rules and REGULATIONS " hsy ey deem pegessary ant
ton Of safs provided The does not conflict with til
IneaHipE Of this Of incorporation with hi
laws Of this us aud they shall have fn power all ohe
het necessary for carrying into effect the oerts and purpose
& h s c aia MI hi 9sfm s sysd for n to ill ali vacancies
Article FIrHThe following named pesons shalI eonsti
uie the Boad Trustees hereby With al
the rights powers specified ii the preceding article They
hundred and Exyone, until Others elected in Their place
BOARD TRUSTEES
Amadeo Landry, Octave VOORHEES,, v. q Betterton,
Alfred Dolhonde, g. 4, Ben, " Cooper,
John Candy 4 i5ordelois, Hickman,
I, LIspfsan a. y f +. Logan + EotSShEerd
vi Robert, JIM Wagner, j. O. Mcfearn
A, p. erica, l.. Bondoiisquie, valen. Hermann
Theodore Frois, "A. Kent, Nagin PUG,
J. 4 Bon a j. g. Herr, W b b fc5o onger.
ARTICLE aIxTh-Eyey person who shall hereafter insure
and continue tie Company, and every person
hodng IN ny oTn % r IN NE name Of his firm certificate
provided for shall he deemed the Company
e % Bs So& eGiy az & eom
Sereo e Sodsr one S VIII o e ats ms
hundred dollars unii the snognt Of the certificate shall reach
dollars more shall b. entitled TO one additional vote nnti the
slG i y bn an saS ae ,,H r @ % b ny thousand
additional vote Provided however, that such certificates
vote Within TX months piior to such eection 70
sETEsIHThe Board OF Trustees shall have the
power invest from time to time, one half of the profits
Company Il @ fsa b y on anJ and
atieast twice the amount loaned thereon
pahy Ii liz purchase IF my eeated By Or under
md nTs nj X h q 5 e pro- 81 pes
any Of the aforesaid securities. bonds or stocks.
fourth q profits but the Board ofTrqstees may
IL % he r Sf e Of liz aps
their opinion The interest o. the G9npany vii thereby be
ARTICLE EIGHrHThe officers Of the Company shall within
the hrsl of October eighteen hundred sixty
ed g "a the the IT. q aoh sa hsse
sea espss an 10 ee sae sg @nd to ok ne Pes
ending including statement Of assurances effected durng
Maine and River policies which shall be conclusive
al and gssyf hrepon eafR pFs s e.
with proportional share of the losses sustained by the
bu shah such share exceed the amount Of such
minus and shall credit MN w'h me amount Of said premiums
Company from Investments and for the balance which
s ea 10 eseate By the Pen seeas Ss sea
Rg g. G eas sn On the
aiming poto that he therein named shall Be liable
And should any person entitled receive certificate be
Ind s St any nS Saps ps s1es to him On
time certificate ~ exigbe the shall have the right
s ave III
and 6 a ssy hg & baS o0 5ep for
cred unpaid premiums whether such arose be
shall bs made except at option Of Trustees until such
Indebtedness shall have been entirely extingushed
ENTITLED Sin DE- KIN q sS
n ss s hse
shall be placed to the credit Of the Contingent accout
I'M n Fs9ss and EnsR thirty days Two Of
Of the certificate and the of the party entitled to the
issuing the said certificates Of profits sums less than ten
shall be omitted and shall be placed to the credit Of the Con
IL NJ Il as III Res G The
certificates shall only be transferable on the books of the
h who sha 6eGGm o bs
policy pay the rates that shall be determined by the
Trustees and the amount paid shall never be withdrawn
rRa be aSe for III and incurred the
COMPANY.
lie hundred housanddoss the may
thereafter oe ~ 59 gef . yee e
virtue the eighth article but the certificates Of shall
and extingnished
meetings. BY The of twothrds of the whole of their
Der alter and amend this article as to require an aceuua
shall be appedo the redemption of certificates aore
the expiration Of The first Of October 1861 from the issuing of
the first policy and within the first month of succeeding
the ocres Of the Company shall TO be made under
oath and shall publish according to law General Balance
Statement of the affairs of the Company which shall contain
FsIhe amount of premiums received duting the year Just
ended separately the amounts received on Fire Pol
icies Marine Policies and River Inland Navigation
Policies
seeond-The of the expense the Company during
the past year
of incurred during the year distin
gushing between Fire Risks Marine Risks Trans
onand Navigation RiGks.
Fourh-rhe balance remaining with the Company setting
forth The amount Of cash hand the amount invested in
securities. and the nature of such securities.
ARTICLE TwELFrHfhe Stockholders of the COMPANY at a
general meeting 70 be convened DAVIS
in two Of the newspaper published in this civ shn have
the power TO make chnngos additions or notifications In
the act of Incorporation, or to dissolve provided that
hreeourthb OF the vote represented such Meeting shall ypfe
favor of snch proposed measures and any ana MI rrh
change addition dissolution shall be recorded as nv
Inv
act Of incorporation, lis earlier termination Ii nrd M
article twelfth three Commisiotes shall be appointed by The
Board OF Trustees under whose superintendent the a
the Company shall be aidted its debts liabilities maid
the balance Of its funds shall be appropriated 10 lie re
ton Of The certificates 81 Profits rs and without distiDctib
the Commissioners shall continue to Act untI I
business of the Company shall he entirely and seed
and in of the death or Inability Of either the survivor alone
shall acc.
IN the business of the Company the original subscribers SHAH
entitled to receive for the rt year special of eight
cent on The amount Of premiums credited their subcrip
ion which interest shall from the average dates or
ueh credits until the first day of October eighteen hundred and
iXty-one.
Thus done and passed my Office in The city of New Orleans
Jonand OF lawful deiciatei in said c
sho heennio their together with said appeares
nd said notary on the day and date set forth ia the caption
ere6f, ~
Original sgned-Braud 4 Landry, Harris Bercier 4 Ga
GLOVES o., Foley, Avery Co., ]. N. Robert Co. and