The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-16

CrArH or LOUIsIAuA.
crrr on rEx nxrxAxa.

CRY or nEW ORLEANS.
Isxcs1Ass
Known that on this Twenty day Of March, In the
year One Thousand irht Hundred and Sixty Eight
Bsio me- Marcel pucros Notary Pub in and for the
City Orleans Parish Of Orleans. State Of Lousna
Aforesaid duly commissioned and personally and
appeared the parties whose hsrssnto subscribed
Who declared tha svsns themselves Of the provisions Of
sstutss our&na relative 70 the organize
lion Corporations IN this State ~ have covensntsd and
agreed and By covenant and bind
and those whom they represent to form them
purposss and der the stpuiatons and regulations follow
ing. that tossy:
ARTICLE FIRST.
me name and title Of the said Corporation the
LOUISIANA EQUITABLE LIFE Insurance COM
PANY and It's domc hssby established In the city Of
o.s: :; .sGa :. thou
yss rom The date hsrso ssc s1s such loass
have s 'ss ssa -
hold receive purchase and property both and
SeVcs Pelican fssdss re young 70 name and appoint such
@.nsssr director. and oncsrs ~ Interest," .ad
for the regulation ana management Of its Affairs Ahin It's
- !, : ARTICLE SECOND ,s
and s. 70 sns
Of .s. Of persons and e msss and issue policies
eur . & q life sDs 70 e sDs
any wise sppssAining Ths said Company may cause Itself
70 be rsnsDred sg-nr loss BY risk which
cha from time TO time any policy or Policies Of insurance or
other obg sons issued Issued By corporation
ma. s1s s on the ss
TO be appointed In the manner hereinafter provissd for
ARTICLE THIRD.
The sss e ss Be Eve hundred
Of one hSnersd dollar each o TO be paid for at the time
The ubscrbers 70 the said Company shall pay into the
hands Of the PRESIDENT upon lie organization for business the
By them the slning gnssy d,s share payable
q ne once s fifteen Gays notice;
pany should exceed the ot available hand
thoesand collars may be by twothirds vote o. the socs
hoders, extended to amount not to exceed ave million
ARTICLE FOURTH
An the corporate powers OF the Company shall be exercised
BY Board OF hesn Directors Eve whom shA csnsttus
following named Stakeholder. hereby constituted
end powers herein spscissd iosi: WIN ~ 'S'''
isaa s fy.s s ss: EtT E si S
Ss.de f fs Smith sds.,S Bsrss,
The Board shall at their first meeting in every year elect
from among The Stockholders President for said Company
bs %snas 81 aid ss.a ana and
Company, and shall align ali the policies. shall conduct
and Of the Board under 'a'
Toths tbs. the Of service Of the whole number Of
every year the said Board shall By divided into
and shall b. dsDs.S Ss
6st class second class and third cas the term Of VII
class in hat Of second class I. two and
that The ,hd sss. IN shrss year. And on The third Non
holden once the Company city Of New Or
ibs Board Of Dscsor an election for sctor IN The place
and sssa Of those whose term q s the expire Of
shah Ss sss sy public s. m nc in two
IN any
election to appoint three competent
enducs the sDd % certify = ss Bo.rs
The re,ul thereof and should Of the appointed
appoint others 20 Ill the vacancies Nothing in
bic 70 reelection TO said Office Of Director.
Those Ieesising plurality Of votes cast shall be considered
Of Nay after the election all hold the same usti
eshsr elected in their stead IL the %
election 70 be held within days thereafter and shall
S the e Of ssr M the he pub
cesssry until such an election Is enecsed.
BY proxy tor and every share which he
,hs OF thsy may ssspsetye hold provided .a.
nor 70 vote on any shsrs 10 him them within
es ARTICLE FIFTH.
MT 3: hing .s q s Con-
eontnSstes IN oss h.d in his name Or ia that Of the
soeS Of said ana the holder Of II policy n
either on his m thacf other person
ARTICLE Sixth.
The Board Of Directors shah az the amount Of IN.
sstion o. all ofeess clerks and employees Of he oompsuy
adopt rules and regulations for the proper govern
sas s il s s sns
shall not conflict with the laws q his State the
which 3 % carry into fun effect objects
an N vscaaciss winch may sccur in her number
or In the frssidsncy 1000 l.--
ARTICLE SEVENTH
The Board Of Directors shall have power 10 invest from
time time the and capital Of the Company bonds
and mortgages uniacumbered improved and unmproved
deemed worth a. least double the os
They also invest the profits q the Company any
Of this State Of hi: ei q Of this
ss sSSd %s or Or 81 a., Of ss Re
mortgages obtained By Of security, Of pledged
debts eonirsted or as public sale
Judgments orders Of obtained by Company or
he sd Company for or
items Of Il: business but nothing herein contained sh. Be
MERCANTILE or sgiesItural business nor In commission
any kind provided also that the Company shall have the
night 70 purchase property building for the Of
ARTICLE EIGHTH.
No stock shall transferred unless such transfer be sde
the city Of New Orleans and no transfer shall % made while
the s or s & %
be permitted to do 50 sy substituting the obligations Of ss
posed % be substituted sh II ba In Satisfactory
to the Board Directors And the said Board Directors
shall at time have The right require additional bond
security stakeholder, whenever they the
curl on the deferred pay ment insufficient
The stockhoser shsll responsible or
dan incurred by said Company beyond the
stock held and owned By him them respectively
ARTICLE NINTH. .
in the OF April Of each year President and d.
Of the Company shall make BY
the ocer OF the Company estimate Of the profits
and Losses Of the Company and also OF all
paid into the Company for Of premiums
preceding twelve months, and by whom state
mens shs be verified BY adsv and fled with papers
of the Company for OF ali parties
interested And It shall appear from such statements IN It
the OTIS Of toe Company DO exceed losses
BY more than ten cent Its capital stock
President AID Directors shall dividend to the Stock
hel0e and A BOT award any return premiums 70 the nsu
but such percentages shall BY the Com
psuy - rsssrve fsnd 70 future losses liabilities