New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-17

Theodore Fros Wa, Kent, Ssgn faiE, '''''
I H Hsaassa & 7'l Herr VII b G daaEsr
ARHcLr sIxTH-Eyey person who shan hereafter Insure
2n9ns % III aa a XII nPa
Of credit on the books Of the Company TO be ne heren
and shall have the light vote " proxy
any not discharged or Inundated By losses sustained AIR. ts
s thereof shall enfe the holder vote for every
the aaonn Of Que thousand dsafs and then esc ve hundred
e. re s sR ss T ea @ liz @ q f B Az
dollars when eaeh Thousand dollars shall be entitled
shall not have been transferred the m claiming
vote within sS months prior to such election
ARTICLE sEyESTI-The Board Trustees shall have the
power invest from time time, onehaf ofthe profits 81 the
re- Ps is IA e ss ad y A t P
and m every case ne properly mogaged shall be worth
TheS aso invest NE cash surplus profits Of the Com
" a~s Of he uned states d d Iii State u @ es
and may make loans such cash surplus profits pledge
The Company may hold real estate amount
n my ~ ID a f 9a " 3 b fses nay
ogaged HE Company amy forced sale Of tie same ii
promoted should require such purchase from los
one month aite he rs Il 6etobsr shiocn &udtcdah
from the time the first policy of insurance shall have
year, estimate he Ny Ples
ending Including statement oi Insurance. eiecfod during IT,
period embraced in such estimate distinguishing between
upon all entitled 70 receive certificates Of profits
with proportional Share of the sIstaied b. lie Com
peny according the amount Of The premiums by him paid
minns shall credit him with the premiums
T om fs1 From nd o tie eSs " %he
Shall then appear be in favor Of the nsuer m shall be emit
ing interest at the rate Of per cent annnm payable iii
aiming ptoyso that the therein named shah iabl
for any and all subsequent Losses sustained by the Company
10 the Company FOR any premiums credited 10 him
time certificate exgble, The company shall have The Ugh
retain such certificate pledge foF the payment of the
aud delivered ii Shall always remain liable Company
any Indebtedness OF the party whom shall have ey
cred unpaid premiums whether such inaehtedness
ufcr the issuing Of the certificate, and hee1
ndebtsaness sha haya been entely extingahed ~ '
he % Sass d as Rss 2a h sas
from the date Of their issue then ht same shall he Cancelled
shall be placed 10 the credit of tile Contingent account
h 2S9s al an III @ h e 9 & i s
published in tins city, which o,ee shRi forth The
aud the Of the
issnng the said certificates Of profits less than
dR n e s aesd std 4 s fa
a # hs GsmPaBg end a99Ped to the paymer
Comnany, and withitseonsent.
ARTICLE NISrH-Eyery person who shall become membt
of this Company by efeetng insurance therein shall before
Trustees and The paid shall never be whdTa@
s bs Sg Sr 81 ne gss aa IL @ pSS f
COMPANY
exeetd lie hundred hoGsand dollars liz exctss mn
thereafter be employed from Fear year 70 The redempn
virtue Of the eighth article hut The certificates Of one wear sh
not be redeemed until those OF all the preceding years
and extinguished
The Hoard Of Trustees may owever my their annu
meetings, by the of of the whole their
ber alter and amend This article require actnmu
prof. of million Of
excess shall be appeato the redemption Of certificates
said.
ARrcIE ElEyESra.o some day in the first month aft
the expiration of the first of October ISL Issuing
year the ocres he Company shall cause 10 Be- made md
Goth and SHY publish @e q, 10 law General Belsn
Firsthe nnomt OF premiums received during the year
ended, the received
cies, on Marine Policies and River Inland Navigate
seeondThe of the expense Of the Company urir
amount Of lo;ses incurred daring year aisti
| porta1ionand Navigation Risks
Fourtl-The balance remaining with the Company Feir
forth the of cash hand, and
| securities, and the nature Of such securities.
Article TwELFrH-The Stockholders of The Company Mt
general meeting TO he convened for thepTposc thirty
newspapers published his city shall Ia
the to make changes additions, notifications
the Of Incoporaton dissolve Il provided til
treefonrths the represented meeting shall
ia favor of such proposed measures and aud all
change addition dissolution shall be recorded required
ARTICLE THsrRESTH-A the expiration of the term of Ii
Of incorporation, its earlier termination provided
article twelfth three Commissioners shall be appointed
Board Trustees under whose superintendent the atirs
the balance funds shall Appropriated 10 the REDEEM
ton of the certificates of profits ya without distinct
business Of the Company shall be entirely closed ana settle
and In Of the death inability either survivor ale
shall aes.
FouRTFEsTHIn addition to their share Of prof
in the business of the Company the original subscribers sh
be entitled 10 receive for the first year special Gig
per the Of premiums their suhsrr
ton notes which interest shall from average dates
snc credits until the r day Of October eighteen
siNty-one.
Thus done and passed my office in the city Of New orlea
Gonsnd Witnesses Of lawful age doncated in ai cit
who hefeunte their together with
aud said notary the day forth In the CAN'T
), hereof.