New Orleans daily crescent., 1860-11-08

Theodore Frost W. A.. Kent, Magin PUG,
J. + sa5i,.H sSanSIan 81 folE Her, WI b 6aagsr
"A AR1c,E @ gho sh. hereafter insure
holding h oTn name e II ihe name af hi m certificate
amer provided for shall deemed the Company
nayi 'Ss st Ss he e IL
aay dsegrSsd % 81 ada,sd ey esses Sustained after he
hundred dollars un The amount Of the certificate shall reach
ola more Isi be epd o ss sddoaa Se,e an &
Of the certificate shall reach the five thousand
to one additional vote PfoSded however thai such
shall have been transferred the person claiming
vote within ak months prior TO sueh election.
Article sEyEsrH,The Board Of Trustees shall have The
Company loans BY morare on Improved and pnen
numbered in the Parish of orleans City
AZ least twice ths amount loeped thereon.
pany bonds soeks created
and ami nav make loans Of s%ch cash or SUI @ on NJ peses @
any II the aforesaid securities. bonds stocls,
Ing oneoui Il profits Dui The Board y Trustees may
mortgaeed The Company, any forced same ii in
their opinion the interest of the Company will thereby
promoted should require such purchase from loss
EcHrHThe officers of the Company shalt within
month afte th tIss Of October eighteen n,dedend sAy
Issued during the FIRST month of each every succeeding
e ee the G ] +, GSpy S o f dc fe 5
ending including Of .G effected during he
Marine and River policies Which estimate shall be conclusive
inaer provided for aud shah therenpon charge each insurer
M "a a e n ms Ss Of S y ~ e h em ee
but shall such share exceed the of such pre-
miams and shall credit him with the amount Of said premiums
and also with share In proportion thereto of the profits Of the
IN e eT e he a s whs an
lied certificate signed hy the President and Secretary,
Second Monday in November of each and every year and
for any all subsequent sustained by the Company
And should entitled receive such eeaeae be
the books aforesaid and shall have paid The the
to retain such v for The e lhe sad
he
any Indebtedness of the party whom shall have been dev
fore issuing Inc certificate transfer thereof
sareS saeh
any certificate certificates profits shall not
o ase sisd
@ @ ne be credit Of the
the books of the Company after public notice. BY
published m city, which notice Shall set foh tie AMOUNT
issuing the said certificates Of profits Ten
i Sa s sga oe and 1S sGs @ tens % b dollars
tngens the Company and applied to the payment
The certificates shall only be transferable on the books the
conDay Fns %
Of as company oy therein shall before he
'sr ia e w
Sfsf and as s. he he
CompanY. - '''
ARTICLE net profits shall
thereafter be from year he redempo
vgSs ne e s eshh n d 6 sp Il he @
Trustees however any Of their annual
meetings. the vote of twohirds of the their num-
ber alter and amend this article require aceunua
tion profits million before lie
shall be appedt the redemption certificates as afoe
4 said.
ARTICLE ELEyEsrH-on day the first month after
the expiration the first Of October 1851 from the Issuing
the first policy and within the first month of every succeeding
year the oces Of the Company shall under
OATH and shall publish, according law, Balance
Statement OF the affairs of lac Company which shall
FrsThs amonnt of premiums received dang the year just
ended separstey the received Fire Pol
Marine Policies River Inland
Policies
secondThe of the expense Company during
FhirdThe incurred during the year dsin
gnishng between Fire Rsks, Marine Risks Trans
portation and Navigation Riks.
FourhThe balance remaining with the Company, setting
forth the amount OF cash had invested in
ARTICLE TwELFrHrhe Stockholders Of the Cor,papy at n
general meerg 10 be pnpose day
the make changes additions or in
the of Incorporation, provided that
o the vote represented such meeting shall vote
IN favor of such pteposed measures any and an se
ehhnge addition dissolution shah recorded as Nv
law
ARTICLE THRTEENrH.A expiration of tle tcr, of III;
Of Incorporation Its earlier Termination as provided Il;
article twelfth, three shail appointed by e
Board of Trustees under whose superintendent The afars n
the Goppany shall be quidated and Liabilities nai3
and the balance of its funds shall appropriated esn
the certificates Of profits pro without distinnn
dates the Commits shall to act nnfi 6e
The Company shall be closed and settled
and & the death inability Of either s alone
Hhai aes
FGuRTEEsTIn their share of nrosts
In the business of the Company, sall
be entitled the year special interest Of eisht
ton notes run from te average datss IF
such credits until the rst day of October eighteen hundred and
sixy-une.
Thus passed my Office in the city OF New Orleans
aforesaid in the presence OF Marcel T. Dncros and
who heeunio sign their together with the said apnealer
and said notary the day and date forth in the caption
Original sonad-RYand k Ianfrv farr;s pa-.;or L. N, |