New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-28

E b \. Robert IN, Wagner, ]. g. MsLeaTn
fsssds ss Fiois, W1 Ksat &astn Fig ds''nn'
B BsnssIsa J. 9ol Herr WI i g GssSsr
Article stxIH EVERY person xho shall hereafter
continue 70 insure with tie Company and person
credit the books Of the Company 10 be issued herein
and sas hs.s hs iEe.9 yes p2m e ~ psoSy y Al
pany discharged iquidRyed by after the
isyRe thereof shall entc the holder for every
The amount y one thousand doa and lien sach lit bundled
dollars shall be efet 10 one additional until the
dollars hea each thousand dollars shall be entitled
sSail MT have been d tie person or inn claiming ID
vote within Six months prior TO saeh election.
AfT1rtE sEyEarH-The Baafd of Trustees shall have the
power invest from time to time, one IT The profits Of the
G9nRanS s Is Faith of 6eaa a as
son aud in oefy ese the property motgaged shall be worth
They ao invest the cash OF ups profits Of the Com
the aqhsse 9 any bonds Or @ created y e under
md may loans of such cash Fpius profits pledge Of
he COMPANY tay hoid real estate 70 amount not exceed
Ing fourth o. ~ net profits but me B9ara o. Trustees taa
mofgaged tho Company aay forced sale q ihe same
promoted sbogd require suek purchase to save from loss
ARTICLE E1eHzHrhe officers Of the COMPANY shall within
ono from he a the rst policy Of INSURANCE shall hnFe been
Issued and dufag s rs} g9 O. eeh aa eSey s9eeesng
der and Secretary Of the aais of the Company for the year
period ea9ffgeg Y sHg e estine g ID e M ,
nafteF provided for shall thereupon charge each
pans, according Y The amount Of re premiums BY nth paid
miurs and shall credit him VII the amount Of sadprenamsi
with ehare in proportion thereto of he profits Of The
sh y. sed hy he President and Secretary bear
Ing interest the Of payable The
Second Monday in November o each and every year and
for any all sahaquen losses sustained by the Company
Ahd h9 % Ne 5papy for ans premiums credted 70 hin on
e books aoEesad and shall not have pad he same at the
retain such certificate pedEs for he payment Of chg sad
sif Always s a bs cpay @
any indebtedness Of the party 70 whom shall have eesn dey
r Or otter the isan The certificate and transfer thereof
shall es sa bse been en ezingashed
And in any certificate or certificates of profits shall not
from the date then The shall ee eaaseled
and ifs aaoe9 ne credit Of the Contngen Secoa on
ths books Of the Company eer public noiee BY adyernen
nnished IN shs civ which notice shall forth a6nn
Of s aa ne s a eecates pFot les Ra ten
doas and fractional parts Of sums tens q dollars
tngent ACCOUNT lie Company and applied to the
The certificates shall only be transferable on the books of the
NIsfiiEvefy person shall become membar
Of dis Company by eectnginsuance therein shall before he
ms a ndfS e oa g pd s1 BE- %thdaW
FROM the Company eegp r provided IN ne next af but
ApTsc,n Whenever heaccumvlated net profits shah
exeeed The sum hundred thousan6doas the may
thereafter be employ from The redemption il
ne IF I'D eighth article but the certificates OF year shall
not be until those of all the preceding paid
Tfs hosegsr at Of + Their annual
Der So alter amend this article reqq,e aceumua
lion OF profits Of million Of dollars before the
excess shall applied the redemption OF certificates aore
said
ARTICLE EIEyTSrH.-on some Say in the first month after
he expatioR OF the October 1861 TIE issuing of
the policy within the first month Of every succeeding
year the Company shall to be made under
Statement Of the affairs of the Company which shall contain
ended Specifying separately the amounts received Fire Pol
es Marine Policies and River or INLAND Navigation
seeondThe of the expense of the Company during
Fhrd.The amount losses incurred dnng the year. dsn
gushing between Fire Risks Marine Risks and Inland Trans
balance remaining with the Company setting
ARTICLE TwELern.fhe s9ekhodes of the Company, at
general meeting be convened for purpose thirty days
in two Of The in this city shall
he Pet Of Incorporation or to dissolve provided that
of the vote at such nesting shall
change addition dissolution shall be recorded rcqurdby
ARTICLE TnfRrEENrHAth the expiration Of the of this
incorporation Or At II e9eT e provided IL
Board Trustees under whose supeTntendeqrs The affairs
Company shall be quidated It's debts aad liabilities paid
hon certificates o ra and without distinction
business II the Company shall be entirely closed and settled
and Of the death inability OF either the survivor alone
ARTICLE addition TO their share Of profits
be entitled 10 for the FIRST special interest Of eight
on hs e rn a @ on
ach credits the rat day October eighteen
Titus done and passed my office in the city of New Orleans
hs q Me and IA Ant9s
VIC hereuno sign their together with the said
nd me- said notary on the day and date set forth IN inc caption
o Einal s,snedBraud Landry Harris Bercisr Co.
seliowss Co., Foisy Avery Co. j. N Robert CO.. and