New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-10

gp09 n a md accident insurance any what
soeyer privilege Of exercising all OF either OF said pur
re Company may cause itself rsnsured against
notices and he legal pFGeei as to m P
the manner hereinafter provided for
THIRD.
The capitol stock said Company shall be three hundred
and seventy five thousand dollars divided nto three
to be paid for at the time and in the manner following
ne subscribers the said stock shall pay into the hands Of
Tie President qPPn me ogS zaon o ne Hoptny l3r S
ne's the sl OF "epty Dollars m cas4 UPON elc 'l e,gy
share subscribed y them and furnish {aelr notes to TIE order
@ i Ig ts B9ar Of Dfgssofs may desrnine pro-
ad f2a tie same s he made by nstsmeGts Of not more
shan twenty oa each share at such terod as may be
English languages in two newspapers published
daily in the cty Of New yr1sans sa be gyeg Of ymet Or
yasnI' 70 DE- ,"aae e , ' diar idra.l5 N
One Million Five Hundred Thousand Dollars as hereinafter
provided for
the corporate Of said economy shall be exercised
by Boad j Direct composed o. nineteen stQeslode, to
Office Of the Company Notices Of such elections snail be given
Gl f .F gS ig i2 "a 6gye aIogdei 5r
The Board hall appoint three stockhodr' inspectors To- pre-
stead The board thus elected tFe their seats the
Monday January in each and to hold
the year nersron until their successors are cleo
le @ Bo S d rema IN aice at the st MoHdag
January 1851 until their successors elected and quail
"eu 4 Na+.asor Samuel BOYD
IN r. S %olg5 Jr jane. Bynes
Edward Riguey, CHARLIE H. Walker
| H Il, Stanley, y a Mheeock,
| a Il b NSG@ %Ss,'" " P Kcliogg,
C. A Eager, %haFles L saypack'
slx7n
In ali elections the shah be by ballot and those stock
s 5s e du elected: and in Tie event Of no
eiecn taking Ciace on ii DAY Aforesaid shall
Aaa give notice OF the same as Aforesaid
Zach ockbo5sr shall he ent tied either in person or by
10 Vote for esc6 and every share which be- She or they
company any stock transferred to hin or them with
IL ninety Gays PRIOR " sa'd election
Each md 7er holder of scp STALL be entitled to vote at ali
holders a and BE- entitled to g@e y9t9 2 fRs
and every hundred aDs u Sflp, t ' ~
corporation company shall be entitled 80 greater number
rFed to hin WITHIN SIX months PRIOR 70 S1c election
=
a. e All to the extent lie premiums paid BY
] -i, yaE and the stockb6lssrs 10 he extent OF the
| a,5t u ). U IL ~ k[ei ~ hem ~ V
/ TENTH.
The insured Who shall claim and receive return Of
other insured and stockholders all their rights in the pFoht Of
ELEVENTH.
The insured shall in payment Of their shares in the dyi.
dends be entitled TO receive OF DeSg ~
Which e ef 54a 9e gnSa BY a e
b9SS he os. Of Tie Company in any ear exceed the pre-
aT G0 psd In s cetti6cste shall be- reduced So
8 as o make good the deficiency.
TWELFTH
between Tens Of Dollars for less than ten
dollars but all such fractional parts Of sums and sums less
the Company @hic6 shall remain reserve fund fq the
benefit stockholders and the 7nds
hereby shall exceed Three Hundred and
the stockholders in proportion to their respective
interests the Company.
e fhlRfEhSIh. ,..,,,. T.. :.
be & ID e e nS Snd s b f sba b
I o Td of unpaid stock account until the same
IN paid in tu4l vorprrp,rH
VI Eo9'tEANiH'
The Board Of Directors shall their first meeting in every
st year elect one from aaohS AZ an 'q
st elected u,.-,,
of fiFfEASFh'
o sn Gs h during
S2G as .5 a sa partner at least
tn 8 s.I mower TO onnoin sncI
Board 81 Directors na ngy9 th ap SoP
@ as eS a9 NAV a @ h
ement Of said Company provided the same shah eonc
With The laws OF this State or the true intent ana
ut They snail S the m 81 ne me 2 Of II
S@ 0RPG aSsS %hc
NJ may occur IN 'ne nUlnoer OF IN 'le Ife'uen's'
III. Ro.r Of Directors shah have mower to invest from tin
o money and cagal of the Company in bonds
within this limits of the state which ia evey shall
deemed worth at least double he amount loaned thereon
They may also invest the prohts OF me company IN al
bonds stock created by or under the laws o. the Unit
In states or u tts Io9 vi VI oda of an ~ h ff
euTites bonds or stocks or on any collateral or bill
iahg shall mower to dspese of mortgages obtained
yay Of security or of stock pledged security pl
perty conveyed to them in OF debts CO
m seizure obtained by said Company or OF any property eVa
Or wheh may carnnS Ia oneetfors Of its 6n
sou . bran ainsd shalI he So construed as
nS e b aiS Tnmnany In discount pegotiable pape or
ev des or trade in buyinp or selling movable or fmmt
able property goods wares merchandise, provided, all
the fba+ b nmn5y snail have the right purchase
din or ouilahs' 'or the pnpoe
yell ,,, ~ ESQ., a. ,c, oF tb nroe+s
raft Tho as shall anpegr advisable proportion
premiums received which shall be terminated
the time of making such dividends shall not be
tormng par o b e he cSp,s stpe Of said Gompa
any loss or losses ~ResepS oe f shall be nee I
over pe lesseueut ~
hing sIch unhu'loR shaA nave 'eoA '0''teN ~ ~ ~
cen the pFoh''' n1srrREsrH
'iFhlAh'It'
we In the yearly dividends to be declared aforesaid
log amount paid stockholders shall exceed
ked held them and the SURF
ton shall be placed 70 the credit Of unpaid stock account until
Board of Directors certificates sockhOG
+or, for full paid shares
luis TWENTIETH.
Guy After the whole capital stock of the Company shall