New Orleans daily crescent., 1860-11-22
nOARp or THUsTEEs:

specified in he preceding article. They
shall hold until the last Monday in October eighteen
hunded and sixty until others are elected i'll their place
TRUSTEES:
Ansdeo Landry yoorhes, W G Betterton,
W. A. Gordon, Theodore LanauG, Frank Shaw,
Alfred Dolhonde g =. Bell tSp, Cooper,
John G1ndy, T. Bofhe9ls, r I, Rlcktman,
tfpsaS 4 aStr. & e GavaSe & hGSeh chas J. LEEDS
4 d. Grief L. Boudousquie, yalen. Hermann,
Theodore FTois, W A. KENT Magin Pug,
! + i5ss6 sansIaa j5 TolHE Herr WI G51s' eaassr
continue win the Company and every person
holding IN h own name Or IL e name % 81 h m hF % &C
alter provided for shall deemed member Of the Company,
s ai eas es ia
@ & s 81 % p1e o9 se e
hundred dollars unl the amount Of the certificate shall reach
dollars more shall be ened additional vote, nnt the
Of The certificate shall reach The sam q ye thoaGnd
10 one additional Provided however that such eaes
shall transferred 10 the person itm claiming to
ARTICLE SEyEsrHThe Board Of Trustees shall have the
tcmppny in loans secured by improved nnen-
eu6ered in the Parish OF Orleans and City Of et
si,i al least twice ihs amount loaned thereon
DanR IRsy s h$ e m any BY Of
e tho United stete of this staie or of tins CITY,
any IF the aforesaid securities bonds or stock
inc Of s ne. profits but the Board Of trustees
purchase, in addition any property gheh may have been
tneir opinion the of the Company will thereby be
should require such purchase 10 save from loss
ARTICLE EIGnrHhe officers of the Company shall within
the first of October eighteen hudredand sixty
ssed f'@ and ID du s s M Of each
year estimate 10 be made sworn TO by the Pres
ending including Of insurances effected during The
period embraced in such estimate DISTINGUISHING between tile
upon persons entitled receive certificates of profits here
with proportional Of the losses sustained by the Com
pany aeeordng 70 the amount Of he premuEs By him paid
mus and shall credi, him with the amount Of said premiums
Company derived from hyesmens and fer The balance whfrL
shall then to be in favor me insurer ne sha De emit
Interest At the sie Of per cent per nnnn paya6 ed 9 h
snne Srovo hat he amon therein shah sb
and al subsequent losses sasned BY ne ComGanS
indebted the Company LOT any n.y. nd Sredea m to hm 2,
time certificate egibe The company shall have the gh
retain such certificate pledge Tor the payment OF the sat
and delivered always remain liable the Company
the party to shall hsge been
issuing of e certificate and no transfer !hereo
ndebeaness nSs snail have been entirely exngnished
and S pIss s9e sso OF w fGS ss aa
from the their issue then the shall be Cancelled
m 70 s Credit h az he
Of The Company After public noliee BY adyersmen
published in hls city which notice shall forth the
IN issuing tue certGcees Of profits, less than
dollars and parts tens OF dollars
ngen aceonnt 9fhe eompaRs and applied to the paymen
The certificates shall only be transferable the books Of th
| COMPANY and with It's consent. .,z,,,,..
M Gompany b sn fl therein
mis- py 5 rates n hI G Ss bs &
S a tie bs B Sr 81 s d s. IL
| Comuanv.
thesecnmaStsd net profits shs
thereafter be employed from to to he redemption
whole in Of each years Of profits ISSUED
redeemed until those of all the preceding years are pal
The Board Of Trustees may however Of their
meetings. by the of twohrds OF the whole of their
ton 2 Of pros to an anaan of one million Of dollars before
shall be npped the redemption Of certificates as aor
ARTICLE EIEyESrHon some day in the first month attt
he he s Ct e bn 5 q s 3 mos se
year the oGrss of the Company shall be made undt
s saen a CIT" Of III ar y the Ganpany Shall contain
FsThe amount Of premiums received tlng the year H.
ees, Marine Policies and on River or Inland Naytsano
sccondThe amount of the cf the Company darin
Fhd.The amount of losses during the year ds
gushing between Fire Risks Marine Risks and Inland Tran
Fourth-The IRsnce remaining with the Company settir
forth the amount of cash hand and the amount invested
'sgSs AnTeas sieckhoers the Company
Rns IN two Il the pubshed X hs city hs
the power 10 make any chanFe additions modfcaton
% I such needing shall
sse a9dn q s1G or dssoon hn m recorded as required
law. ~ !, 4,
ACT Of Incorporation its earlier termination provided
article twelfth three Commissioners shall he appointed by
Hoard Of Trustees whose superintendent the air
lie Company shall quidted, debts ard liabilities pai
and the balance funds shall be appropriated 10 the REDEEM
ton Of the certificates Of profits and without distinet
dates; The same shN continue to act until
and in osse of the inability Of either the survivor ale
sRTIcE FouRrEEETnIn addition 10 their share of prof
In he business Company, the original subscribers sh
be entitled 10 the rs special interest OF eg
per cent The of premiums credited on their subscr
lion notes which interest shall from the dates
such credits until the first day of October eighteen hundred
sNty-one. i, = - =. /, 4
Thus done and passed in my Office in the city OF New orea
aforesaid in the presence Of Marcel T. nmcros and Anto
Conand witnesses lawful and demieiiated IN said eli
who beennto n their names together with the said appear