The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-10

ine that il 70 say: = - H'7 TO ~ 49, 70
I'd g 49,, ARTICLE rlRsr p, z. 4.
NE pane and tls Of the said Corporation shall be the
LOUISIANA EQuITABLE ,LIFE INSURANCE COM
PAEY and its domi hereby in the city Of ss~
dollars shall subscribed and shs exist fol
twenty i've from he a~te hsrs and such ionss,
have cose % cs az 's ssa Ss
70 nsss md use common seal Sasss for Is
device Pelican neding III and appoint such
nes ssqurs and = create ssd ss.ssS By
for the regulation ana management Of i've saair all IN
ne objects purposes sad ,oupssy are to make and
enter all Of and for
Of KIND and ~s.
Of human life and 10 do and perform generally every
any wise appssinng The said Company may cause it.s
70 b = 81. ss: on ., y ;y q, g, which
cha firm time 70 time any poiey or ps,ci's q asnrsnss or
All citsoss nocss sthsr legal process whsrsn the
CrnpAny p shal b The Presidents
y .assa j ~ ARTICLE THIRD.
II: s's sa & S a.s b ss s .sss.
Of one hSnersd dos each og 10 be paid for a. the time
The subscribers % the said Company shah pay the
hands Of The vssidsn orbasinsss the
y ss% TIE ss % a snsy d sss
pany should exceed the ~ available assets on hand
& az N; L. s 'S s. Of h, ss
hors, extended to amount to exceed ave nillon
- ARTToLE FOURTH
All the powers Of the Company shall be exercised
BY Board OF fifteen Directors i've OF whom shall constitute
feowns named stoclhodsr. are hereby constituted
sSs 1ss with al tho
Ia ff; ,s s s: EsTs's si Ss'sssy
O. II. Slocomb, A. Thompson. Alexander Mark. II
a.slss fs.de "a Up Smith Sds F. ds. sa:
The Board shall ct thei. nrst essnx in every year. slss
rom among The stoekholdsr PIssdsn. foT sid Company
prd meeting: ~ he said Bosd sa sps Of Ss
Company and shall sien The pociss and shsi conduct
and % sss ss ss under tao
. Of 1 s term Of s rc q the vhcs nS~s
spd every yen is said Bossd sh. 81 lot be ddsd nto
sas s ss .s e r
nrst clsss second class and third eis the Of whose
class years sas and ana
sn M he ssss sss o.
sas 4 ss q
nose s sp ss,s
shan Be given BY public advertisements In newspapers
bsetO some nesting Of said Board 70 anS saes
election to appoint three competent Directors
conduct Dd g certify . s Board
% ss9: Ses %
appoint Others m Nothing in this as con-
rssseen . said once q Director my director '''is
s and h sh their ssss ,ss d rss
o. May ssI The election ;, and IAN hola II, n.
ssi s.s
he q IN S The
.nS s1s :rss is Be-
son or By pcxy 70 vote for each and share which
tions shall be entitled Of vot tran Sfy
nor to vote shsrs him them within
ARTICLE FIFTH.
pans Who dsss not = Of his % w1m
cont. nance IN sss hold in bis name or in that q
stock Of SAID ma be the holder Of policy Of IN
his bsrsh for shs sum az sass I've dollars
80 80 ARTICLE SIXTH. e- - =
The Bosrd Of Directors shall amount Of the eopsn
sstion Of all Officers, CLERKS and employees Compsny
TN. z H, !. h;s:;,s;
Company s s sD
ss a, and ss sane At provided the
tent and san.s Of s AGA Ss, ne s
do and perfo,m all and things provided for
1ss % I'll a: AND .,s che! & NJ;
y ARTICLE SEVENTH.
nancy and capital Or Che Company IN bons
n $ & ... ssd
deemed worth at least double the loansd
' s9s S Ts
Of this State Of th. city Of corporations Of his
bond. os % 'S nave o. Sos e ssss
sss Ss Il s
debts previously contracted purchased public upon
any properly which may have Been
the said ss n The
construed as TO authorize The said Company engage
brokerage stock obbng exchange banking business Of
any kind provided also that the Company shall have the
tsbiishns their oass tssfsin - e purpose Oh o.
ARTICLE EIGHTH.
No stock shall be transferred unsss sac transfer be made
q. Ss q ~ ss sSs q Ss CUISINES
e.. ss ssss n. par. such
sry purchssS provided always that The oSss pro-
shall time hsys The require sddona bono Or
eT On Ss nssssps lsS deem
J. 9ss ss r s
ial stock held and owned BY him them respectively
~ ARTICLE NINTH.
in the month April Of each year the President and NJ
an e 3
ssd losses Of ne Company and also statement OF al
preceding twelve months and by whom paid which state
3e1s: hall be ysnsd b sasy and lsd via
And it shall appear from sa-h stssnsnfs th 4
the ons Of tire Company DO losses and sx
ptnses BY than ten stock TIE
PRESIDENT and Directors snail make dividend the Stock
helce and shall not award return premiums nsa
but fnch percentsge OF shall be the Oom
pany reserve fsnd or ebitiez
But II II shall from statements that the pro n
The Company exceed s more than ten
per CENT of Its capital then the President Directors shall
reserve and set apart portion thereof than ten mar
rent nor more tnan onehs Of such excess as they NAV
deem proper % be kept By the Company reserved apd
And The residue OF such shall be rseay spposnsd
ano DIVIDED between The Stockholders and
10 the amount OF stock held by stockhocer
md ne amount Of premiums bid bv insurer and sha
oToer the pope. per centsee 20 be paid the
reure preius and the dividends the Stock
hall bs entered credit their stock respectively
ARTICLE TENTH.
Any policy Of Insurance issued BY this Company for the
'se cement or advantsge OF ths vile children father
notntr or 81 individual shall be held made
any oeots eontrsrt OF engagements OF the whose
re Or may be 30 insured and all such the
me dscesse OF the person whose life s
snan pc paid TO the person persons eeneh ay
discharged Of ., from all precxiseg debts. and
whatso yer Of the deceased except
v the Company. .tHl.li- ~ IVA f.t.T-I II
:. ARTICLE ELEVENTH.
Al the time Of the dissolution Of the Charter OF this Com
any or sooner ordered BY vote Of the Stockholders
provided for the affairs Of sad Com7sny shall be
quca<d fs deos paid under the charge and supernte
ence OF Commissioners