New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-05

ANHcLE FlFrH-The following named shall eons.i
first Board of Trustees aud hereby with
the rights and spesided in The preceding article They
hundred and sixTone until others elected in their place.
FEBs1zsss
1 5sPay yiGs,s
Alfred Dolhonde, G i !, Bell, " Cooper,
ahn .e aaeas s. F iesan, F. Rotehfod
J. i. k sSs j y wagner, ! .. ssf isa1a
D. Gri sT. BSuHS snf x xas f RssEann
j. + b Bonnafsn 3oHE Herr, " WI o Gossr
and continue to insure with tie Company every
e s4e oh e. Of be s
provided for shall be deemed member of the Company
each o credit on The books f
GG Of oe tG o ns e e
dollars shall be entitled to additional vote
dollars whsn each thousand dollars shall BE- entitled
6 10 ere % % been ts pernn or m
| vote within six months prior to such election.
ARTICLE SEvENTHlhe Board Trustees shall have the
power invest from time to time, oncaf of the profits
ps sSnfs a en- apd and
md in case the morgaged shall be worth
They aso invest The cash surplus profits Com
w % e ] OF rs s cd By q under
and make loans of SUB cash surplus profits pledge
T rs br6 5s9 S s oa OF e ssessa
nOEFs & COMPANY forced sae san same f IF IN
promoted or should require purchase save it from loss
os III, 1s5 S s o III eomp wn
from the time the rs; policy Of Insurance. shall have
year, estimate e be made to BY the
aG an ct s1 en Of hs G9m so the year
period in snch estimate DISTINGUISHING Fire
upon ali entitled receive certificates profits
With share losses By n com
according to the amount Of he premiums him paid
miuns shall credit him with the Of SAID premiums
Company md for b%anee Which,
then Re yGT ies hs s DO sn
Ing interest at the re o per cent per payable on the
ainmg Tint Che amount therein named shall be liable
for any subsequent losses sustained by Company
indebted to the Company any credited to him on on
s s Ss sp @ S e a Rs e ia s
such certificate pledgs for the of the
9s 9s he I'd
sr: r ] S H aSs s s 5
fore issuing the certificate transfer thereof
h be a until such
be s ye n
from the date Of ISSUE then 7 the shall be cancelled
sha he be tire credit the ON
a II a y 2 RS r
published in this city which notice shall set forth the
In the said Of prots less an
shall be omitted a placed the credit Con
ngent Of the my a "BPed to the payment
The csrtifcates shall only hooks of the
Company, and with its consent
ARTICLE NrsrH-Every vp shall become member
this Company by hecns therein shall before he
Trustees; tie paid shall be Withdrawn
s be M IS s s. e
ConuanY.
excel The sum hundred dollars the excess may
thereafter be employed from the redemption
virtue Of the eighth article the certicne Of one year shall
not be redeemed until those of all the preceding paid
The Board Of Trustees however at Of their
her, alter and amend this Fse # to req9 d an hesnmGa
shall be ppedto the redemption of certificates as afore
the expiian Of tie drs Of October I8 from issuing Of
YEAR the oicres Of the Company shall cause to be made def
Sf and @ o @ to H xc Ge1eFG
FirstThe amount of premiums received during the
RSSr or
of the expense the Company during
Fhrd amount ofIo,ses incurred during the year. sn
gushing between Fire Rsk Marine Risks and Inland Trans
Fourtl--The balance remaining Company setting
forth the amount OF cash hand and the in
ARTICLE TwELrTH.The stoekhoders the Company at a
the paSed @
the make any changes additions notifications in
Of the vote represented at such meeting shall
change addition or dissolution shall be recorded required
ARTICLE the expiration of the term of this
OF Incorporation earlier termination provided
article twelfth three Commissioners shall be appointed by the
Board of Trustees under whose superintendent 2s Of
the Company shall bs qnd9ed its 'ebts and liabilities paid
and the balance OF its funds shall be appropriated TO the redeIn
ton of the certificates of profits pro and withot distinction
of dates the shall continue TO act until the
business the shall entirely closed and settled
and in of the inability either the survivor alone
shall
FoBRTEENTn-Tn addition TO their share of profits
in the business of the Company the original subscribers shall
entitled special interest of eight
per premiums credited on their shscrp
lion notes shall from the average dates Of
credits of October eighteen
siNty-one.
TEus done and passed my office in the city of New Orleans
aforesaid of Marcel T. DncTos and Antoine
opand lawful and dpieIated in said city
sign their together with the said apDearers
said the day and date set forth in the caption
hereof.
Original Signed-Braud 4 Landry, Harris Bercer Co.,
Fal5Wsu Co.. Foley, Avery Co., j. II. Robert Ce and