New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-14

ItYone until others elected in their place
TRUSTEES:
y. "A. Gordon Theodore I.anaux. frank Shaw,
Alf1s3 3a RS4o"de E. bo Bds y hss
5 s. !; FSSs!5' ~: Wosas5E< I T.SS5;sA clean
Sssssfsa. < T' Hsrr u VI l. 0 5Sss:r
insure Win e 5 e4ey esg
the books he Company 10 be Issued herein
hs have the h If & ns po0s % ~ all
Rs sns tSsrso
the amount thousand dollars and then Ave hundred
amount a1ilnS Of he certificate shall i've thousand
dollars when each thousand dollars more shall be entitled
shall not the firm claiming
vote within six months prior to such election
ARTICLE SEyENrH-The Board of Trustees shall have the
power to vest time time, half of the profits of
Gp"PaG r eans Of e
The opnog seon 'h" be worth
Thsy may also invest the cash surplus profits of the
hsn laws of he uned or Of Ibis State or this c
and Loans Of ea e1 bond ocks profits on pledge Of
Company may hold real estate n to o a%omnt not exceed
pnTchase in addition, any property which may have
morgaged Company eGny forced sne of tie if in
promoted should require such purchase to it from loss
thu 7s % eose s@ n
one from the lime the policy insurance have been
year estimate &c be made e.d sworn to BY the Pre
ent and Of the sa Of the GSmpnny for the year
period ia such estimate distinguishing between Fire
pon ali entitled certificates profits as
provided Or and shall heeupo4 sae each insurer
pany to the amount Of ne By him paid
miunls and shall credit him with the Of said premiums
and as with sn o OF the os Of The
shall then appear TO be in yoT OF the Insurer ne shall be emit
Ing interest the Of cent per annum payable
Monday @ of afh s and egsry and
for anS and ali subsequent sustained by Company
sns ePs ss qsR ss1 S
Aforesaid and shall not no. have paid The same at the
time G sa IS the
and eyen the ssdS e ha have been
snv Indebtedness the pnrty whom shall have
oe or %e he cere and no
made @ t hs oGn OF S Teg until such
bssfo Of RTGnS b shall
SS o G hs dats shall be fe
s w b h' 9s5ss accrued
the books the after public notice by advertisement
i a H1 s hsy sss @ he the
csrihcts and the Of the pay entitled to the
dollars and fractional parts of sums wen tens Of dollars
ngent Of The Company and applied to the payment
Of the expenses aid charges OF The succeeding year.
ccmpany ana WIKI rs Oh
ARTICLE NISrH-Every person who shall become member
Of is onpapy by etecting therein shall
receives his policy pay the thar shall be determined by
Trustees and the amount 50 pna shal never be
shall liable all the losses aud expenses incurred by the
COMPANY.
ARTICLE Observation-Disclosures theaccnmnated net profits shall
exceed five hundred dollars the
Whole or in pav each years certificates of profits by
ar!icl np the of shall
g E Sy d Toe hs f e
6er 50 amend this Srs m to Teq5 an Se e
shall be applied tho redemption of certificates afore
day yin IN the first month afte,
SEPARATION Of the S Of of rs S SfI IF the issuing
year of the Company shall cause to be made under
Statement Of the affairs the Company, which shall contain
Frst-The of premiums received during the year JUS
ended specying separately the received Fire Pol
ce Marine Policies and on River or Inland Navigation
second-The of the of the Company during
FRrdEThe amount incurred during year istu
gushing between Fire Risks Marine Risks and Inland Trans
FourthThe balance remaining with the Company setting
forth the of cash on hand and the amount invested il
ARTICLE TwELFrH-The Stockholders of the Company
noce in two Of The newspapers published city Shall have
the power make changes additions or notifications il
theefours Of The Vote represented at such meeting shall volt
ehanss oon or shall recorded as required
THrRrEENTHA the expiration of the term Of thi
incorporation, its earlier termination provided
twelfth snail appointed by th
Roard Trustees under whose superintendent the affairs
the Company shall he iquidsd its debts and liabilities paid
and the balance funds shall be appropriated the redemp
certificates of profits rata and without distinction
of date Commissioners shall continue n tn
business Company shall be entirely closed
and in case inability of either the
| shall act
ARTICLE addition to their share Of profit
TIE Company the original subscribers sa
be entitled receive the first special interest eig
per cent of premiums credited their subscrp
lion notes which shall from the average
such credits day of October eighteen hpnedsn
| sixty-one.
Thus done passed my office in the city of New 0rIean
aforesaid presence Of Marcel T. Ducros and Anton
Conand witnesses lawful age and domiciated in said city
sign their together with the said
me- said notary the day and date set forth In the apo
| hereof. 49,
| Original signed-Braud Landry Harris Bercier Co
, gaIJ.- l. RI ala & IN 7 ohartk IN Fn