New Orleans daily crescent., 1866-06-19

he eErytM
January 1861 or until their succeso elected quail
J. <. Matteson Samuel Boyd
John acGinni., Jr, james Byraes
Edward Risney, Chares Il. Walker
h. H. Stanley. A Wheelock,
(. ( 3 3 HH5st9o5,, His5b58ss, y. r. ( Es!ess' 4sls
B, L Mann.
n all elections the vote shall be BY ballot and those stock
a9e ss & Fscyns @ 9s pay raj q yotes of 4o %
election taking pace til day aforesaid The President shall
another election take place within days therealter
SEVENTH
Each stockhoder shei be entitled either p by
may respectively hold provided that individual corporation
company vote stock transferred him them with
EIGHTH.
Each and every holder Of scrip shall be entitled to at all
6de the gmpP and e ea5 @ to oh gyh as e m soS5 s
and every hundred dollars OF scrip provided that individual
efvoes than ay person shall vote on any scrp rams
erred to him within six months prior to such election,
NINTH.
In he yearly dividends to be declared T said Company the
capital stoekh held by them.
teny6ve per Of their premiums shall forfeit to the
other insured and stockholders all their rights in the profits
the Company.
The insured shall in payment oG their shares in the diy
per cent interest which certificates shall be signed BY
should the Of tie Company in any Year exeeed the pre-
NUNS and the reserve funds and the whole any
part Of the capital paid in said certificates shall be reduced
as to make good the deficiency.
TWELFTH
certificate shall be fractional part of sums
between even Tens Of Dollars nor for any sum less than ten
than dollars be passed the contingent
the Company which shall remsn as fund for the
hereby created shall exceed Three Hundred Seventy
the socbodes in pporon to thsr 0g gespecye
interests in the Company.
THIRTEENTH
The stockholders shall dividends in cash but
the of held by them the balance be
paid in full
FOURTEENTH.
Directors shall at their first meeting in every
year elect from themselves President aud Vice
elected 'O''''''' "'0
FIFTEENTH.
No person shall be capable being Director Of
pany who does nnt Ht the tina of his election and during his
eonnq nee in office hold in his name or in hat Of the Com
shares of the stock of said Company.
SIXTEENTH.
The Board of Directors shall have the to appoint such
officers clerks and employees shall be necessary
Quoting the business said Company to ordan such
5 s nor aS
with the laws OF this State or the true intent and meaning
this act
They shall fix the compensation of the officers clerks
employees elected or em2oyed by them the servi of the
may occur in their number or in the Presidency.
SEVENTEENTH.
me Qato OF directors sh2 haye power 70 invest from time
s, ~ rd @ % @ u i r9 1ipay pa ~ ooits . ~. ahG !
within this limits of the State which in eve case shall he
deemed worth at least double he amount loaned thereon
lhey may also invest the pIohs OF the Company in any
States or q" this state or OF the Corporations of this State
curites bonds stocks any collateral or bill o.
laGpg mpg -, n t . =. 5,ou, - .,. ,.,, =,
way OF secuIy OF ol etucS Feuteu l9 stcuyi or OF pro
perry GouVeyeu 10 tei ~ n aspts previously con-
sns-o anoJ hv eajd Conn9ny or nf anT
seaure uDtneu " s'.u oonp"y OF oi hy properly nofa
said Company for or concerning the operations Of te us
ness ut nothing heen contained shall be 50 construed
40 amy otneT Dahhhs BUSINESS nor either dlrecy aflhF
recty deal or tE@do IN buying or selling movable ormRE
able property goods wares or merGhhhde proViaaai
tha the ompany sua nave the gn To purchase apEP er
or building cs the purpose OF establishing an ohicah in
ElGHTEkNTH
Yearly dividends shall DO made Of so much OF eR ofs
the GonpAy as san appear auVls4Gle nut he nhRS on
premiums received on tlss %nlGh Sha not % ten mated
the time S maknS snch diNdend shan NOT oeool idered
forming part ol the pronts OIL the company atg case
he ' 'lesssned ne no spbsennsnt dyfiends sSs h C9mpa
such diminution shall have been covered aud aSe e M
the profits. ~ "P
NINETEENTH.
| = IT. ., ,;;so,5. - H. 5.,,s
Asouht 70 ue pau 70 viz SIt NJ exceed ten
esI; On Lle S'u ~ ~ VI 5 s n Gu " SaS and the surp
t st pe pfSeu piS ~ S n9 & Il " t account, until
etuSS 10 p'u N ,ut "ou ~ 9' " % ty of the Preside
ana h0ara o. directors 10 Issue cefleV the stockhod
3 ioi luil pAi' oN"ie'' r,-v,,r,,rzr
q 4" hNitAAir
Amer the whole capital stock OF tn Company shall ha
9een psld in me ] D9Hd a o shall have the right
dividends as they may deem prope @ fy by sash Part
more than Three Hundred .hd sew ny.6ve ThoGsand Doll