New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-06


.nas.o Landry, Octave voorhies, W. q. Betterton,
" A. Gurdou, Theodore I4Anaux FRANK Shaw
h IiS 3td DUiv'"N0' n Bordeois, F. Hickmaa
j. Inpeo", D. P Logan. ?; Rolehtord
:. Il Harris e. Tag Va'a- Gh q M Il L Iced,
4 h GrjET /. Boudo,lsqui6, Valcn. Hermann
theodore Fros, VA, Kent, Magin PUG,
!. B isoaRe5n. j. J. GOH Herr, " B. GonsSr
s,xr#Eyerv person whe shall hereafter insure
and continue to insure with the Company aud every person
% se ny he CooE s &c D '
after provided for ha BE- deemed or u y ynH
son each certificate of credit the books the Com
es sh
hundred dollars plil the amount OF ne cert shall eae
dollars shall he entitled TO one additional vote, until the
dollars when each one thousand dollars shall be entitled
to one additional Provided however that such certificates
vote within six months prior 20 sich election.
B 3s Of f e rs ha d hagf the
U sitSe PS y o Of e and a OF e
and In every Sss me one 6eeo SnH De worth
" Fhey aS invest the surplus profits the Com
pany purchase Of any bonds or BY under
and MAJ make loans cash surplus profits pledge Of
any If The aforesaid securities bonds or stocks
The Company may hold real estate amount not exceed
ING one fourth profits but the Board of Trustees
n e oopay sale Of
opuion the interest Of ne Company VII thereby be
ARTICLE E1GHTHThe dicers of the Company SHALL within
one month the first OF October eighteen hndredand sixty
sssd md during month of each and every succeeding
he UG at the Gopy For G The r yesr
ending including statement of assurances effected during The
ne and River policies which estimate shall be conclusive
all entitled tG Sv po IS
With proportional share Of the losses sustained by the Com
Il qs'S se 6 such SHIRE exceed he q such
NUNS and shalt credit him With the amount Of SAID premiums
Company derived from yestmentS and for the balance which
hS ee %t cd BY the President md Secretary
At the @ Of sa S nd eyeR PaO on e
ann povso that the amount therein named shall be liable
And any entitled to receive such certificate be
che Company for my premiums credited to him
e oe OGS s Is egne he company Shall right
such 1 Ss he h 5nSs BEEN e inS sd
and delivered shall always remain liable to the Company for
scd for unpaid premiums whether snch indebtedness
fore or after issuing of the certificate and no transfer thereof
h9 he ness SHi avs been entirely eStngcd
M ne ] sses OF T PFGS s' 1s nqs
from he date their issue then the shall be Cancelled
shn be ncsj 10 the credit Of the UonnngGnt account on
h books Of s Company after public notice BY advertisement
nrihed in tbs civ which Shall forth the amount
OIL In ' is1n% the said caes pos Ies hnn len
dollars and fractional parts Of sums tens OF dollars
S nsen Of tic comFay, and oPed The payment
Of the NreuscS and charges Of this succeeding
The certificates shall only he transferable the books of the
Coulpnuy, and with its consent
Of b GonaT BY escn cr s beops he
receives policy the rates thai shall be deiGaed by the
Fro he omany eScs rs provided in tie next article bu
shall be liable for all tile losses and expenses incurred by thu
Comuunr.
ARTICLE TENTHWhenevr heeccnmulaed net profits shall
he sum Of five ] ap tn o M ag Sf
whole il % Sp the G p9F ap gGd
redeemed until those Of all the preceding years are pa
AZ" The Bord Of Trustees may however any their
meetings by the of twothrds Of the whole of their
PEI F "fs 10 an aonn of one million Of dollars before III
shall be applicable the redemption Of certificates as aore
ARTICLE ELEvENrH.on some day in the first month afe
the rst policy and within first Of every succeeding
year the oicres Company shall to made unde
satsm nen s Of he a he Coay Hc
Frhe amount Of premiums rSce1gs4 anS the EGar n
ices on Marine Policies and River InlaEd Navigation
of the of the Company durin
amount Losses during the year distiu
gushing between Fire Risks Marine Risks and Inland Trans
Fonyth|The balance remaining with the Company, sen
forth the of cash hand and the amount invested
securities, and the of such securities.
ARTICLE TwELrrH-Tfe Stockholders of tho Company, nj
m wo the ne p1tSheG Ills city,
tie power make any changes additions Or notifications
hreeouh of he vote represented such meeting shall vo
in favor such proposed measures, and and all
change addition dissolution shall be recorded required
ARTICLE TnRTERSrHAt The expiration of the term Of tn
act of incorporation its earlier elr1nntion provided
twelfth three Commissioners ShaIl De appointed by u
Board of Trustees, under whose Supetgtandeee inc affairs
the Company shall qudeted its debts ard liabilities pal
and the balance ofts funds shall be appropriated 70 the REDEEM
lion Of the certificates profits % Gnd without dtnet
of dates Commissioners shall continue act until
business of the Company shall he entirely closed and settled
and of the dealb inability Ct either the survivor Glo
shall act.
arrcrS F0URrFFSrT,In addition 10 their share of prof
in tue the Company, tile Original subscribers shj
be entitled for the hTs year special interest Of Gig
ner cent Of premiums credited their subscr
lion notes. which interest shall from the average dates
such credits until tho first day Of October eighteen hnndreda
diXy-one.
Thus done md passed in my Office in the city of New Orea
aforesaid tho presence Of Marcsl r. Ducros and Antoi
Conand Witnesses Of lawful and dcicated IN said cit
hereuto sgu hs together with the said
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