New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-07

hundred and sixyone others elected III their
TRUSTEES:
Amadco Landry, Octave VOORHEES,, W. G. Betterton,
Hfrsd DoIhonde' & So BsiIs t G0SPss;
John Candy, e. Bordelols' E nckmaA,
i tap MS1ris G CsT lspe chas J. LEEDS
J. n T. R ai5rt, NJ Wagner. 10. Mei1sSTn,
d D. Gs fs Kent n ssh PGg
! h Ho5nesu j. 7ohy srr, VIZ WI oG5o onssr
ARTICLE slxrH-Every person whe shall hereafter
continue insure with the Company and every
s ss H @
s ny tie @ BE pspa or m %
eectons; each certificate Of credit the books Of The
Is thereof shall ente holder every
% he o OF ntre
dollars more ha BE ensd to one I'D @ Soe until The
dollars each thousand dollars shall be entitled
to additional Provided however that such certificates
vote within six months prior to such election.
From e t4a S Of sh prd Pse The
Company in SECURED BY T0age @ and
and in every case the mTg"ged shall
They may also invest surplus profits of the Com
pany purchase Of bonds stocks created under
and may such cash surplus profits pledge Of
od 1 5 sss to s a houD not
ina Of its net profits Trustees may
morraged to The Company at any same if
opinion the OF me ny % fsIs6 be
ARTICLE EIGHrH-The officers of the Company shall
on after The first Of c'o eighteen sixty
issned and during month each every succeeding
anG Secretary Of the affairs Of the Company Tor the year
ending including statement of effected during
Marine River policies which estimate shall be conclusive
matter I provided for and herenpon charge eaeh insurer
proportional share Of the losses sustained BY the Com
pu IN no cne shall the Of pre-
and nso with share in proportion thereto the profits Of he
hA in n hn ha
lied to certificate signed BY the President and Secretary bear
s and On one
tanning proyso that the amount therein named shall be Liable
And should any person entitled receive such certificate
indebted the Company ,o any premiums s credited to him on
time the certificate exfbe the company shall have the right
5sbHa i a been
and delivered shall always remain liable the Company for
e eS for nnad premiums wheh such
opon Of the trustees until such
iia e aS shall entirely sxnsaihed
r. parties entitled "a thereto within three
6n S ass aoe%sd
shall be placed the credit of the Contingent ACCOUNT
rssSt an
IL this EhSh nOsf "o vet e e
In issuing said certificates of profits sums less than
shall be omitted and shall be placed the credit Of the
M nma PeS 40 the
The certificates only transferable the books of
| COMPANY,
of this Company by effecn therein SHALL
Trustees; and the amount paid shall be Withdrawn
he o r eIc s osse and EXPENSES mex BY bs
| Company.
The hundred thousand dollars the may
thereafter employed from year TO The redemption in
wrme Of te eighth article but the certificates Of year shat
not redeemed until those of all the preceding paid
any The isoa Trustees may however any their annD
ber so acr and amend this article. require an accamna
ton roats to an amount Of one million Of dollars before The
ss "A" be applied the as "t0'
ARTICLE ELGvENrHon some day in the month afte
the policy and within the first month OF succcednE
year oces of the Company shall made unde
gath and shall publish ace?rdmg 10 law General Baac
Fst@TRe amount Of premiums received during The year JUS
ended specifying separately the amounts on Fire pol
Policies ''.,'''' ''O'~'
SeconaThe of the expense of the Company during
OF losses incurred during the year. dsn
goShRE S9sT SS tg h R ' ' ana i""O' Trans
Fourth-ha balance remaining with Company settin,
forth the of cash hand and the amount invested
securities and the n,VurS Of such securities; - --- =
meeting to be convened for AFTER thirty day
not in NC S the lbanrs aGo city
the of Incorporation TO dissolve it provided tina
in favor Of such proposed measures and my aid ali snc
change addition dissolution shall be recorded required
ARTICLE THRrEENrHAt the expiration Of the term Of thi
inCorpoation its earlier termination, PROVIDED
article twelfth three Commissioners shall be appointed by tn
Board Of Trustees, under whose supernendence the affairs
Company shall be iqudped its debts ard liabilities paiC
and the balance of its funds shall be appropriated the edemr
the Of without diStincto
Commissioners shall continue until til
of the Company shall be entirely closed and settled
and in of the death inability Of either the survivor aon
shall act.
ARTICLE FoURTEEST-In addition to their share of prof
business of the Company the original subscribers sha
entitled receive for the first special interest Of egl
the amount Of premiums credited on their subsc
ton notes. which interest shall from the dates
Credits until the first day of October eighteen hundred
| siXty-one.
Thus done and passed in office in the city of New oear
Aforesaid in the Of Marcel T. Dncros and Anton
Conaud witnesses of lawful age and domciated in said cit
who hereuno sign their together with the said
said notary day and date forth in the captC
hereof.
| Original Sgued-Braud 4 Landry, Harris Bercer Il Go
FeOEss Co., Foley, Avery Co., ]. Il. Robert Co., al