New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-05


until Their s ha y e s sf Reara
Trustees and Of the Company shall conduct the of
h IN IF e e ID
preside meetings. and shall sign the policies of the Com
Board of Trustees shall compensation of all
elected employed by them In the service OF the
They Shall the profits arising from the business Of the
omnany in the hereinafter provided for They
6erebs invested with fn power frame and adopt such by
r e%s afo a the G Company
affairs provided the same does not conflict with the
laws this State and they shall syt bs oBss Do
q the Company herein provided for and to fill all vacancies
ute the rst Board Trustees and hereby vested with all
h the Sni b ea Until the last Monday October eighteen
until others are elected IN their place
BOARD TRUSTEES:
Amaico Landry, Octave VOORHEES,, Y. G. Betterton
John Candy E. BorGelols' E T 1.hgi
!: t L Hsnris G. GaI naGe chas j. Leeds
T. j. n Robert in: Wagner, J %,5a, Mclean 4;.
Alos S4s, u S3nf Ksnt nasn P hfsnh
i N HobseIsn So 5zo Herr. WI B. Congo onssr
and continue to insure with the compay and person
o b sre on MI the The Company
sa 6n hsv c es the
aSs ba
% 9 na 9: sn e ese
dollars more shall emitted additional until the
dollars when each thousand dollars shall be
to additional Provided hat such
vote within six months prior such election.
from s to S5 a the hsTf The s
in @ Ss BY Of ] apd of s
son case the property mortg"ged shall be worth
Fhey may also invest surplus profits Com
pan the Of bonds or stocks created BY under
and may make Of such cash surplus profits pledge Of
Of he aforesaid Securities bonds Or stocks ito sonn
Ing Of its net profits but the Beard Of Trustees
to be any sale Of ifin
opinion the interest Of the C9mpa9y will thereby be
one month after the first October eighteen sixty
and H 1 the the each and dfs
an ecIeta the Sars Of the Company for the Year
e sed a including statement assurances during the
Marine and policies which esnate shall be conclusive
all povae @ and bsrenpon charge each
with proportional share of the losses sustained by the Com
BBS a II NC cse ha such The pre-
n and shall credit him WIN the e SoI M a d m
Company from inyestments and for the balance which
s ee aPsa by the President and sccetry bea
d. n Of
tanning povo that the amount therein named shall be liable
far any and ali subsequent losses Sustained by the Company
indebted to the Conpany premiums credited him
lime the certificate egbe company shall the right
n sn Event en M
delivered shsl always remain abe to the COMPANY for
cred for unpaid premiums whether snch Indebtedness
issuing Of The C. and no transfer t;l
mat Ss saf9 hsve @
AND v he pas " Gn sns
from the date Of then the shall be cancelled
shall be placed the credit Of the Contingent scconnt
of III o
published this city, which notice shall set forth the amount
In ssnnE he said certificates Of profits sums less than ten
s a6a b sH os nd sh be- placed to credit Of the Con
tneen the Company and applied to the payment
eSr oily be On the of the
| Company, and with its consent
of this Company by eecn therein shall before ho
9 a PSf st pd
he Sps S 81 s %
COMPANY
ARTICLE Whenever theaccnmnlated net profits shall
DC V s Vsys certItcaes Of nro6ts issue bv
vrns Of The eighth the certificates shall
not redeemed until those of all tho preceding years are paid
The Board Trustees however at Of their annual
meetings. by ths vote Of rs s %nGIe or hs
ton Of rofs amount of million Of dollars before the
shall applied tho redemption of certificates as "fOFe
G IN as day y f ro first t. Gn sn6 ae5
tbs rSt policy and within the first month of suGceedng
the ocres the Company shall made under
oath and shall pnhish according to law, General balance
Statement the affairs of the Company which shall contain
FirstThe of premiums received during the year Just
ended specifying separately the amounts received on Fire Pol
icies Marine Policies and on River or lnlAhd Navigator
Second-The of the expense of the Company during
PRrdgThe amount incurred during the year dsu
finishing between Fire Risks, Marine Risks and Inland Trans
| portaiou and Navigation Rihks M
FonrhThe balance remaining with the Company settint
forth the of cash hand and the amount invested
securities. and the nature OF such securities.
TWEIFTHIhe stockholders OF thu Company al
general meeting for after thirty day
in of the newspapers published IN this clty snail nay
dissolve
the vote represented at such meeting h& vot
In favor OF proposed measures and my and all snc
charge, addition or dlSsoutlo sa Dc Iecoiueu S
ARTICLE TutRrEENTH-At expiration of the term of thi
incorporation or at its earlier as
article twelfth Commissioners shall be appointed by III
Board Trustees under whose superintendent the affairs
the Company shall qudated its debts and liabilities pait
funds shall be appropriated to the redemI
Commissioners shall continue to act until Ii
the Company shall be entirely closed md settled
and in the death inability of either the survivor aoI
ARTICLE FouRTEENTH-In addition their share Of prof
In the business Company tho original Subscribers sha
of
per cent on the premiums credited their subscr
which interest shall from the dates
credits until the first day of October eighteen hundred
| Sixty-ont.
Thus done and passed my office city of New Orlea
aforesaid the Of Marcel 7. Ducros and Anton
Conan Witnesses OF lawful and dOmlcilated in said cit
their together with the said
said notary the day and date sci forth in the cap
Original signed-Braud Landry Harris, Bercier d O.
Follows Co., Foley, Avery Co., J. N. Robert Co.,