New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-20

| IL j. s Copes
SEC They shall continue in office until the second Monday
Of May 1867 until their successors office shall have been
duly elected and qualified; and the Directors elect
Board shi take their seats on the SECOND Monday of May
each rear thereafter or IN the event Of failure elect
first election on the first Monday after due election
SEVENTH.
SECTION In all eecti the vote shall be by ballot and
those stockholders receiving Puray he votes Of The
event Of election taking place the day aforesaid the
sl osp 9'et S,ecfn 70 take place within ten
SEC Each stakeholder shall either In person r
sbaJ he gIoedta vote more te two I'M mo eV!qugl or Hn
own name or that Of his rm at an election Tor Directors
the Company.
SECTION The officers of the Company shall consist of
President VcePEesdeut such other officers the Board
The Board Of Directas shall have power to employ spcb
cers and employees as are necessary to coudac the business
SECTION The Board of Directors shall at their first meet
ing in every year Of the ompany elect from among themselves
until their in Office are elected aud qualified Other
officers determined according laws to be ted
AZ NE same time and 70 continue kewse in Office uuti
SUCCESSORS are elected and qualified.
ARTICLE NINE.
SECTIoH The President the Company shall sign all mill
ce and preside at al meetings Of the Board he shall conduct
and manage It's business generally under the supervision
Bog q Eetos IA case OF his ABSENCE the VicePresiden
ARTICLE TENTH
SECTION 1t shall be the duty of the President and the
Beard Of Directors within month prior the close III
each year of the Company be pu1ishea in he
French ana Ehglsh languages aud Tor the term at least
one MONTH full statement under OATH Of the business the
Company, winch snail contain
The amount Of premiums received during the year spec
Tying what amount was received for fire. maritime and river
policies.
what amount Of ose have been incurred under each Of the
different kind OF policies,
g. The Of capital stating the portion Of the same in
vested in securities ana Il nAture thereof
The amount OF and earnings of the Com
pany, and in what those earnings consist.
ARTICLE ELEVENTH.
sE9TIoE The Company shall make to the assured such
return premiums in cash as the President and Board of
tors may deem eNpsdient
After paying all losses and expenses incidental to the
tompany the earnings shall be diydedsamong the stock
holders a and be placed credit on their stock notes
upti the same shah become fully hQuitued
g. When the notes Of the stockholders have been fully
pd there sa De issued to each seeEhUlder certificates Of
stock Tor the amount Of their subscription All farther diy
dend5 declared by the directors shall ne payable to the stock
holders IN cash ut such times ordered by the Board Of D
reClOFS
ARTICLE TWELVE.
This act QI corporation may modified altered or amend
ed Of the S1 company dissolved general ting of the
Stockholders 70 be- convened for tue purpose Atty days
the French and English languages rs aforesaid md
as herein provided for ana with the of theeiouhs Of
the stock represented n such meetusi and any and
recorded and published according to law
..= ARTICLE THIRTEEN.
AT the time Of the expiration Of the charter Of the Company
provided for, The affairs af said Company shall he qujaed
Us debts paid under the charge SUPERINTENDENT Of the
Comm ous appointed by tie Board Of Directors and
shall remain oice until the final lauidaf0n II inc
affairs Of the Company
AETt5IE FOURTEEN.
The name and respective interests the Subscribers to This
act are hereby declared 70 beas follows towt:
Thus done and passed Office al the city Of Ne Or
leans the day month and year FIRST above Written IA pre-
sence Of Mesr Frank Seshero Paul Rubeo mpetent
with said appearers and me, notary.
The names Of sghser9ers On Original act,
Original sgned' IL seghegs, + Robelot.