New Orleans daily crescent., 1860-08-20

hold shah
Tho Prcseat shan preside an meetings q tic Board Of
Trustees tho Coupany and shall conduct the
II es si " te Sece q ~ tdet e VIZ HR .o n
preside t se Iaeein and shan sign the policies ol the Com
ME Board Of Trustees SHALL FIX the compensation ell officers
and clerks elected employed by tc il the service Of tile
| COMPANY.
Company in c hereinafter provided Tor. 1hey
hereby invested with fu power frame nd adopt sacl by
requisite for the governments the Company end the transac
true md meaning Of this of incorporation with the
laws Of m sets and they @ have ull power to do all other
q the Company not herein provided for and 10 till R vacancies
XnTitIE FiFfm-he fo0wing.nauci persons sp constf-
nte hs hrst Board Of Trustees and hereby esed with a
alI hold e seats until The ss Monday in October T. eighteen
rEusrEEs:
" ' $as%oa, $Ssods,s LsaSas, Sgast sssS 8ss,''"'
| John Candy, e Bordeois, T. Hickman;
jHfpfRs Il pasrris, ( { gag9eSc, S rias aoJni%sa i Iss
]. y; Robert, Robert, ] Y Wagner, !. 2. MsIearn.
| Theodore Frols, ". 4. Kent, Magn PUG,
J. I I H@ssR S9aassn j. 7'EE Hsu VII b GSast cSasst
"A y PsSn 50. who shall hereafter insure
S as III he ss's Ritsse
alter for Shall e eeUied ebS M 81 If % e m1a "a
and sha hayg the sht !" n nef$9n @ 9r y poy a
pan not discharged or lniate by losses sustained afie the
hundred doar an he pGa e Of he @ e s M a eS sSs Sss
the amount Of thousand dollars and then each hundred
Of the certificate shall reach The s thousand
10 one addtiana sJs Provided however @ such
shah not Gay been 70 the person or firm claiming
/ ARTICLE sEvEsTH.-Ghe Boafd Trustees shall have he
power to invest FROM time to time onea Of the profits
real ] d a 81 6Tsaa I aa s qs
Nie ss he oPaea tfereo 9e s be worth
They may ao invest Y the sash or FPas profits 2f the Com
the laws OF me United States or Of this saie or Of ts city
and may make loans Of neh cash Or surplus profits pledge o
any OF tLaatoresaid securities, bonds stocks.
TIM Company my r. bold [6 5ss esst 5 M to a. noaa no exceed
purchase ia addition any property WHICH have been
he oen tGe ntee q he CSmpay any 81 m IT. tboreb1 s u ba m
promoted Or ,hed Tears @ sae purchase to save from loss
month after the first If October eighteen dreand sixty
issued and during at month Of each every Succeeding
Sef e anS sSs TesrR sn stae f H. n % m H. s9 a5 T. N 9 Pre-
ending including statement Of insuCaaee effected dnring
Marine and River pqtes Which estiafe sha be eonclsiSs
iafier provided Tor shah 6creapon carc each
With proP9fona share M Of The loses sustained by fle Com
but in no ease shall such share exceed the amount d such Pre-
al also WITH shgre y proportion thereto Of he profits
@ derived from On M IL and for The sgace which
tied certificate signed by the President aud Secretary bear
ys9a ad as
ar an5 add ali subsequent losses sustained by Inc omn9vv
And should any person entitled receive such cerhrae
he books aforesaid and shall not have paid e saEe att at lie
indebtedness and The certificate shall have issued
indebtedness Of the party whom shall have dey.
fore Or afef sng Of The eeffifcaie and s sFeef
9 Be- ba The hs R2n Of 5S a such
And il ca al sn he certificate Or feeass of profits shall
from he s q & ihe isse then the hall be- as eanGe
yhe amount thereof with ~ The interest accrued thereon
books The Company after public notice advertisement
pe m II mi s s ry Re @ 5 II st @ fe H. s5a
Of the eerilcste and the name Of the party entitled the
tp
doari @ IL and 3 Pb Pa @ q @ tens n
rG G the Company n any and applied to the payment
o. T Fe eS5g5 ss bn n :, o s q 5sar @
cornpany, and with its consent.
of III, Company BY eesns Insurance. een sn neiore he
receives his policy the rates that shall be determined
Company provided the neSt article, ba
shall be liable for all The losses aud expenses incurred BY
ARTICLE TESrEWhengyer ihe accumulated profits shall
thereafter be employed from year s redemption
yr"e Of The eighth article but the cerfce Of one %
he redeemed until those Of all the preceding paid
T9s Board Of Trustees Is may however at Of ts annual
ler alter aud amend this ertiee e4ige acgunala
excess shall be Apieo me redemption OF certificates i aeFe
the expiration tc first Of October 1851 The Issuing
@ ss % H. fpsy @ an@ m w T, s1 s tss ,3 9 10 e' @ nfSes
oath and shal publish, aeg9rta'g e law General bqlanre
FrsT 1nnt of nr,ilEls received u!ing the year just
feis Marine Policies aud ON Rfsr Inland Navigation
Policies.
ccodThe amount Of the expense Of the Company during
the year.
FhdFhe amount Of losses nenrreil during lie wear So
gushing between Fire Risks Marine and Inland Trans
pofvationRnd Navigation Risks. ~ '
FontThe balance remaining with the Company sc{;iDr
ori le amount OF cash on hand and the amount invested in
securities, and the nature of such securities ~ 50
rwELFrH-Fhe Stockholders u ihe Comnnn, NJ ,
general meeting 70 be convened for the purpose %
notice IN two oi inc newspapers published city shall haye
tic power 10 make any changes, additions notifications in
the act OF Incorporation dissolve proyide thnt
OF the vote represented NJ such shall
N favor Of such proposed measures any and all such
law. : ~ 80 tsi''N' y
Article the expiration af the torm Of This
aet OF Incorporation its earlier provided in
loaf OF IrFtee under whose superintendent affairs of
the Company shall be iguidae its debts liabilities paid
anu e balance Of Its funds shall he appropriated ree1n-
OF the certificates
OF oates the same Commissioners shall t te
business OF the Company s he entirely closed and settled
and 10 case of the death inability either The survivor alone
Article FoURTEESr-Ina addition their share Of nrnGts
IN the business of tie Company, the subscribers nII
be entitled year special inTe Of f;ht
cent te amount Of rennns their sulcFp
ton notes, which interest shall average dates IN
such credits until the first day Of October egheou hundred and
sfXts.une. - t''
Thus done and pissed in my Office the eiy Of New Orleans
aforesaid, IN the Of Marcel T. Dirrn5 and 1ptgne
tousnd Nitnes>sOi lawful and dnmcaed IL, said civ
who heTelno sign leir together snd n,neaers
aad me- su notary on the day and date forth tie cntion
s,i---t,rU Z