New Orleans daily crescent., 1860-08-03


ihcrefro or until others are naled to act m
ed and declared duly elseed hs election oking
X Held within len ays ater e e u ysrt an slaiI sys
notice thereof by advertisement, in Q! the newspa
Tho Beard qr Trustees Shall ,heir first meeting every
year eGst President - Sa % ~ %ao @ ho 3 q & e
shall hold their o0ice until their shall be elected
Trustees and of the Company and shall conduct the business
s Y GeHab y bs be Pen I ye 81 Ia n
preside such meetings and shall sign The policies Of the Com
Tile Board Of Trustees sal Az the compensation 81 IN ofcers
and clerks elected employed bS them IN the service Of the
They Shall invest the profits arising from ihe business Of the
hereby invested with full power adopt such BY.
laws rules and regulations they deem necessary and
reuuse ul the Company and the
IFS ar provided the does conflict with te
Jaws s 'T @ @ stae g a hs 6a have HILL Hi power S Do % ii oef @
for carrying into effect the objects and purposes
that may oecnf in heir number
tno the rst Board Of Trustees are hereby vested with ali
The right aHd powers spGsea @ III n n RFsSeag a article hey
hundred and sNone until others elected in he place
HOARD OF TRUSTEES
An,adeo Landry, Octave Noorhies, ". g, Rettcrtou,
" K. Gordon, Theodore TanauS, Frank shaw,
John Candy f. Bordelos F. Hickman
j. Lapene D. =. Logan, P, Roehford
F RasaT hS5lf 3 n Wosae ghes a. Scssts n Leads
A. u Grief Il. Boudosqut Yalen Hermann
Theodore Frois, ". A. Kent, Aagn Pnig,
J. J. B. faiaS Boansisp ! T'iE Hsrr Wn B GG5s GSassr
ARTICLE slxrn-Eyery person who shah hereafter
continue with the Company and every person
ot credit on the books Of the Company to be issued as herein
after provided for shah BE deemed member Of the Company
and shall have the right vote in by at all
elections each certificate Of credit the books of the Com
sa thereof ha ente tie holder 70 one vote for every very one
hundred dollars un the amount Of he certificate shall reach
the Of thousand dollars; and then each Ave hundred
dollars shall be entitled to nddMa until the
dollars when thousand dollars Shall be entitled
additional Provided however, thar such certificates
Iapa tin rJp afTn1pE
vote within y months Bsf oss sqSh s sses shall
invest from time time, oneha of the profits OF the
Company in loans secured W mortage on improved and
son and in every case the property nogased shall be worth
They also invest the cash or surplus profits Of the Com
nany in the purchase of bonds stocks created by under
and may make loans of such cash surplus profits pledge of
any Of the aforesaid securities. bonds or stocks
ing Of M profits but the Board Of Trustees may
morgaged the Company forced sale Of te same n
their opnOn the c Of me % feSy @ be
ARTICLE EiGHrHfhe officers Of the Company shall within
one time the first policy o insurance shall have been
and dsas s MT Il ah 81 sae and every r sgscePn @ h
dent and Secretary Of the affairs Of the Company for the
period embraced in such estimate distinguishing between Fire
Marine and River pGef9 wf ssns sha be
matter provided of and shall therenon charge each insurer
pany according the amount Of ie premiums BY him paid
but in shall such share exceed The q such
miums and shah credit hIn with the of said premiums
and also with share in proportion thereto Of the profits OF The
shall then appear to be ii favor o lie insurer he s be ent
lied certificate signed by The President and Secretary
ing interest al the rate Of payable the
Second Monday in November Of euc every year
for any and ali subsequent losses sustained BY The Company
And should any person entitled TO receise such certificate be
the books aforesaid and shall moi have paid he the
Sdsbenes ] and i lie Certificate ha have been ssned
any ndebedness of the party whom shall have ee-