New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-08-30

Insurance. and do ali acts relative To- maj lind az
IN accordance with the terms and provis-
have the right to reiRsure in other conuanies IL
desirable but at its own cost and expense and for
ARTICLE III.
All administrative powers of this Association
sbs t6 Pc vested IN tWeat Directors Of whom Ave
Clerks Id s as they may appont The Directors shall
day of their, appointment or election The follow s
ing persons shall constitute the first Board OF Di-
years tr0% 3 s lS tEst day of August 1885,
J. JOIN ~ kH4 pA1gibbEEoy VS. ~ e MoYNT,
Il zgsERBIER. WM. MccuLLocH.
n; MA 1,5asiS; 2. CAXAROO.
| W. COOPER, TBuS 4 FfNNf.AY
VS. PIKE, ANTHONY SAMB0LA,
/ o4uL SsliIssEHDs J6 1HHkEi 8, si hNaMlsf
| GERARD STIrH w o. NIuHtlI,S -
In the event Of vacancy in the Beard Of Direct.
member or otherwise, before the EXPIRATION Of the
term Of MS appointment such vacancy shall be sup
snder Of the Board Th Bosrd ~
4Ts , snail a their FIRST meeting, elect President
veg rresldent, Secretary, and Treasurer. They
shall also elect such other officers may be neces-
70 T rs 70 on The business Of
the BoeId OF Directors and preside st all meet nes
Of s sSd a. the meesings OF the policy hold
ness o. the Association generally under the supsrvs
| ion OF the Board OF Directors. - 80
Board of Directors and shat preside Al the neetis,s
absence sign the policies of the Association.
The Secretary and Treasurer aud such other
employees as the President shall direct shall before
/ entering upon the discharge Of their duties eiye
bond with security approved by the Board OF Direct
I duties y sAeii
ARTICLEIv.
Each person admitted member of this Assoeia.
ton shall pay into the reasury if between the ages
sum OF Ten Dollars; between the ages OF thirfy.ore
Cd and forty AOl years inclusive Fifteen Dollars: be-
Inclusive Twenty Dollars and between the as ysa If
nifty one t5D and sixty (6O years inclusive Twenty-
i've Dollars, which sum shall enttle the party who
mas paid TO life Insurance policy which shall en-
tltle the policy holder to equal 20 One Dollar
citation at the date of his her death PAYABLE Id his
OF her legal representative assignee within sixty
death Of the policyholde But in no case snail The
amount Amount pS.d on SAID policy exceed Five Thousand
exceed Five Thousand, the contribution OF ali the
members exceeding rive Thousand Dollars shall be
set apart as separate fund and on the decease of
any policy holder thereafter and long as said CON
snaH pc appropriated pro rata for the purpose Of
DIMINISHING said contribution assessment and
ss1 M @ shall be the same for each and every
on the notification Of death of any policy holder
certificate fully setting forth the facts and ndoT
ed by the attending physician jury Of inquest an
for sum not to exceed enc dollar and twenty,fiye
CENTS which Is payable at the ONCE OF the Assooia
are to pay this assessment within the above stated
time on the part of policy holder shall operate
delinquent shall be erased from the books of the AS
soelatlon unless sufficient given, to be
| Snbmitted 70 ana determined upon by the Beard Of
directors within twenty da thereafter and the ar
te4f asses sent PAD into the treasury Any policy
pay the regular assessment the decease Of MEM
Der shall be dshALIed from al benefits arising from
senitsa rom applying for new policy by sub
scriptlon as new member. All applications for
membership or TO became Dniiey hOdar IN n
ASSOCIATION, must be made in writing to the Board
occupation of the Applicant and any false statement
thAt shall become apparsntto the Board of Directors
No application shall b. received unless acccmb@pie6
with certificate from respectable physician
plicant Is in good health, and free from n puine
nary or other constitutional disease The Associaton
thcate from any other than the Association physi
elan; examined by the Associations physician and
be allowed fee Of dollar to be paid BY the appl-
can't. Az transfers Of policies shall be made upon
| the books OF the Association .
ARTICLE v.
Upon the death Of member the Secretarx al,aII
call for the contribution speced n 'l Irtie
~ by causing said notification to be published for
in New Orleans in English and one in French
and such publication shall be due notes To each
the time and in the manner specified in Article NJ.
he or she shall forfeit his her policy and ali
yided that any policy holder who shall deposit in
the treasury an amount to cover any specified
advance and required te be paid on The dsesase
OF mem Der BY Article ", and at the same time
his residence. and the name Of the strsst n ~
M Mnle9 ne resides 4 be resides in the city Of
Of the city the name o. the postodace nearest his
not De the policy ot such peliey hqder shall
de 4s ed shall have bsen exhausted and until
left at the residence of tina hol ra.
siding in New Orleans sent 10 has nearest most
Thereafter y S policy holder @ snS me via tire
requirements OF Artlcle w respecting assessments
ARTICLE VI
The President shall appoint before the term OF
office Of the present directors shall expire three
discreet Policy hoaers. who shall be judges Of
Association 70 be notified By publication on i've
consecutive days in one newspaper published In
French. $50 :
ARTICLE VII
The enrolment book of the Association shall DO
open TO access at all times to policy holders.
ARTICLE VIII E
Should the net earnings of tbs Association or,
eeed ons hundred thousand dollars. the Board Of
70 Distribute 81 ch excess from time to time TO the
policy holders per capita IS DIVIDENDS On the ptefits
the books of the Association to the credit 81 the pot
icy holders, to be expended in payment Of future
eStiteS ~ ,s ,ssas Who has mot been sn men 1e
Der for twelve months next preceding the day said
dividends shall be declared fa
ARTICLE TX.
No person shall be admitted as member of this
Association except those between the ages OF six.
teen 40 and sixty t6O years.
ARTICLE K.
no member Of this Association shan be liable Tor
any OF the obligations Of the Association beyond tho
sum or sums which may be due the Association b.
saeh member Px virtue Of the Requirements speci-
ARTICLE xT. 4, ~.
This act Of incorporation NAV be altered or
amended, or the Affairs OF the Association put into
hquioA0on BY q vote of majority OF tho Policy
holders represented at any general 1neetinxof the
policy holders called By the advert 2 in the
newspapers. in accordance with Article w; pro-
vdeu that If majority Of the policy holders BE- nol
shall be called after ths lapse of hftesn days. AID
the members then present, Whatever BE- their mum.
Thus done and utsssd IN my sfice. az the city Of
New Orleans on the day, month, and year first en-
tened, in the presence Of James NJ Moore and
to subscribe Their names with the parties, and me.
III Th sse risiaai is signed s elaeaifl
J. NJ lareTFe. Thos. K Binlnr u 4.
L. 3. Pothler. John Davidson
John u ainua,t, ". s. Monnf s.'.l, tIi Z. :,
]. UAulneld W. @ EiehoIa
W1n. Cooper, 3. +. 6chniidf az
W u. tresgF, lzF1d MacGufd.
Gerard etIth. Nm- AaOuloch.