New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-19

hundred until others elected in their place
BOARD TRUSTEES:
4madoo Landry, Octave Voorhees, ". g. Betterton,
". K, Gordon, Theodore Lsnauz, F. Ere 5lst Shaw
Alfred Dolhonde, g. J. Bell, WsIooper,
John Candy, T. Bordelols, 3. Rltkhhsah,
L I. 1Hf f. PHag,ts, & 5syayos, fhss: / Leeds,
( d GrieG L. Boudolsquie yalen Herman,
Theodore Frois, VA. KENT Magn Puig
i H Hs5noFsn ~ 5TohE Herr, WIZ Vc5o onssr
and continue With the Company and every person
s eIsd III sF SooSs S hs5s
after for shall BE- deemed or b Ge pa
s see si each Certificate Of credit books
berao ha eSe the
df gG Rou hs
dollars shall BE entitled to one addona vote until the
dollars when each thousand dollars more shall be entitled
vote IA amen
| vote within six months prior to such election.
aSas from me s fs po he
Company oa I y o e and v an" Of
son, case the property morg"sed shall be worth
They may also invest surplus profits of the
psuy purchase any bonds OF stocks created by Or under
may make loans of such cash Or surplus profits on pledge OF
M 5 1es G esee @ on not
ma osoh Of profits but the Bord of Trustees may
norgaged Company forced sale Of tic if in
oromoed or should require suck purchase to save it from loss
ARTICLE EIGnrHThe officers of the Company shall within
s Of Se a s stnmes S bnTe x
issued aud during the FIRST month OF each and every succeeding
dent and secretary Of the affairs Of the Company 70. the
ending including statement Of effected during The
Marine River p9jces which esmae sH be eoneHsye
naiter provided or and shall hereupon charge each insurer
nnny according OF the premiums by him paid
Bm ii no csse shall exceed The q such pre-
and also with share proportion thereto of The profits of the
Company derived from and for the balance which
| hej in of he
ia to Certificate signed by The President and Secretary
sss6nS Moday in Novenbe every s
tanning proyso that The amount ee named shall be liable
And should any person entitled receive such certificate be
the for ng ps fed hs so to hm S
time certificate eSioe the company shall have the right
eHG sn an The Certificate Shall have been issued
and delivered shall always remain liable to the Company for
ersd for unpaid premiums Whether such Indebtedness
ssn eno % tie az Tr mS NTH
indeb edness shall have entirely distinguished
1S ssss ss
Che date Of their ssn then the same shall be Cancelled
shali he placed the credit Of the Contingent account"
of az nR o @ nGSe
published II this city which NOTICE shall set forth the amour
In issuing the said certificates of profits sums less than tel
shai be omitted and shall be placed the credit Of the
ngen account Of the Company and applied to the paymen
The certificates shall only be transferable the books of TIT
Company and with its consent
/ ARTICLE N1Nru-Every person who shall become n membe
of this Company by eectng insurance therein shall before h
Trs"ss nnS he amount so paid sh never be- withdraw
from the Company except as provided IN the next article 9n
Company.
ARTICLE Observation-Disclosures theaccumuated profits shall
thereafter be employed from year to to ne redempton
Of il s the 5f
not be until those Of all the preceding years are pa
The Board Of Trustees may however, any of their
meetings. by the vote Of Of the whole OF their n
lion of nrofs Of million Of dollars before tn
shall apsdtO the redemption of certificates as "oFf
ARTICLE day il the first month atte
the policy and within the first month of every sueceedn
The hS Ss%n shall s e s Ss aRa
Statement Of the affairs of the Company which shall contain
ended Specifying separately the received Fire Pc
icies on Marine Policies md River Inland NaVgntio
secoHd-The amount the expense of the Company durn
Of losses incurred during The year as
gushing between Fire kg Marine Risks ana inland iran
F"urtThe balance remaining with the Company settiT
ARTICLE TwaLFTn-The Stockholders of the Company, at
S Soco IN two tie Hbhed city
the power 70 make any chHnges additions or moahcah
thu vote represented at such meeting shall 70
in favor Of such proposed measures and any aud all sue
change addition dissolution, shall be recorded required
ARTICLE THRrEENTnA the expiration of the Of III
Of incorporation or at s earlier teniG4ton as provided
Board Of Trustees under whose superintendent the affairs
Company shall gEaGted its debts AID I'd Liabilities iii pal
tots the certificates profits pro RAD and without distinct
business Of he Company sh be entirely closed and settle
in of hedeath inability of either the survivor ao
&RFtotE FocRreysrnIn addition their share of pro!
be t enSd 10 for he year Interest se
per cent The amount Of premiums credited on their s9bscr
such credits until the frat day Of October eighteen hundrda