New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-03
ARTICLE III.


d, Al Al administrative powers of this Association
shSn be vested IN twenty Directors, of whom five
s ih form a forum, and such other officers aud
Slerks as they may appoint The Directors shall
gay OF their appointment or election. TIE follow
ing persons shall constitute TIE first Board Of Di.
reetoTs, ana snail hold Office for the term Of two
yye9nT 1T tF9I ut the iTst day Of A gust, ls6s
=. ,zuBEKBiEk. WI. MScuLLoiCH,
!. n. MARKS. q rAVAROC
W. COOPER, rios. K. FINtAY,
W. PIKE, ANTHONY SAME0LA
OAULElHLD, lJOHN d SfNNOTT
GERARD STIIH, w o. NLOHOIS
In the event Of vacancy IL the Beard Of Direct
ors, oceasioned BY the decease or resignation Of
member or otherwise, before the expiration Of the
term OF his appointment, such vacancy shall be sup
the o be O. BOD my P fBSp sndP FsER
ors Shall, at their first meeting elect President
wee resident, Secretary, and Treasurer They
snail also elect such other officers as may be ueces
s ssTy from time to TIME to carry tho business of
TIE Associstion, The President shall be a member
OF the Board and the meetings Of the policy hold
eTs OF the Association, and shall conduct the bust
lon of the Board OF Directors
!, The Vice President shall be member of the
board Of directors and shd preside at the meetings
Aforesaid in the absence Of tire President and in lis
absence sign the policies Of the Association.
employees as the President shall direct, shall before
entering upon the discharge Of their duties, give
ors conditioned for the faithful discharge Of her
duties.
ARTICLEIv.
Zach person admitted member Of this Assooia.
Of sixteen 90 and thirty 81 Years inclusive lie
sum sun Of Ten Dollars between the ages Of thir gone
cen tie ages Of f0rty-one al and ffty ii01 yesTs
inclusive Twenty Dollars; and between the axes Of
five Dollars, which sam shall entite the party who
na5 p9lu 70 a ne Insurance policy, which shall en-
Htle the policy holder to a sum equal TO One Dollar
ior each enrolled member on the books Of the Asso
cation at the date of his OF her death payabe to
or her egal representa- 7e assignee, within sixty
death Of the polcyh der But in no case shaii the
amount paid on said policy exceed Eve TLo-ssnd
exceed Five Thousand the contribution Of all re
members exceeding Fivo Thousand Dollars shall be
5et apart as separate f,nd, and the decease OF
any policy holder thereafter and so long as SAID rr
t7tltion exceeds Five Thousand Dollars the excess
shaIl be appropriated pro rata for the purpose Of
SAID qnnution shall be tnesGme for each and every
member of the Association -'
On The notification Of death Of any policy holder
% the otacer5 O. the Association, accompanied with
ed by the att ending sau or rv ~ IN ~,
assessment shall be made 1pon each policy no der
cents which is payable at the office OF the Asioca.
ton within thirty days aft notification The fail.
re 20 pay TINS assessment within the above stated
time on ne part Of any policy holder shall operate
forfeiture OF his or her policy and the name Of such
delinquent shall be erased from the books Of the As
soehtlon unless suthcient reasons given, to be
snbmitted 70 and determined upon BY the Board Of
directors within Twerty da thereafter, and the ar.
holder who has forfeited his policy from negect to
pay the regular assessment the deeease of mem
he previous subscriptions, b1t he shall not be re-
vented from applying for = new policy by a rs.
membership, or to become q policy holder n this
As.oclatlon, must be made in writing to he Board
DIRECTORS, stating the name age, residence ana
Of the applicant and any false statenent
at shan become apparsD 10 the Board Of Directors
N2 application shalDe received unless ACCOMPANIED
WIN certlneafe from respectable physic an,
Oh me Assocl4ti9ns Physician; that the ap.
pleant IS IN good health, and free from puirno.
nary or other constitq disease The Association
reseFyes me right 70 have any applicant, upon Ger.
clan. examined BY the associations physi5lap ma
q aIl cases when ne makeH an examination Ia snail
cant, AL transfers Of policies sian 6e made ~
the books Of the Association.
ARTICLE V.
Upon TIE death ola member the Secretary shall
Immediately notify the policy holders OF tie fact
~ by causing said notification to be published Tor
i've consecutive days IN one newspaper published
and such publication shall be due notice to eaeb
pohey holder, and or failure to comply within
be or she shall forfeit his Or her policy, and ali
rights IS policy holders in this Association; pro
the treasury an amount 20 cover any specified
number Of assessments as assessments paid IN
aaVanee, and required e. be paid on the decesse
.nrni9h the Secretary in writing the number Of
ms ms residence, and me name, of the street in
Inleh ne resides, II he resides in the city 81
4 tie city the name fine postofice nearest bis
o se s an9 P aioTy s aGdeG o54
neposi'ed shall have been exhausted, and antii
Ely at the residence Of the policy holder Il re-.
.iding IN New Orleans or sent 10 his nearest post
thereafter Of SAID policy holder to comply sth the
eqnrements ola ~. respecting assessments
ARTICLE VI
The President SHAH appoint, before the term Of
,tioe Of the present directors shall e. pire thee
iiscreet policy holders, who shall be iiudres NJ
association 70 be notified By publicStion on i've
onsecutiYe days n one newspaper pubhshed in
Jew Orleans, in English. and one pubisnsd IN
ARTICLE VII.
The enrolment book Of the Association shan be
pen to access at all times TO policy holders.
ARTICLE VIII.
Shoald the net earnings of the Association e1
directors shall have the right, If they deem proper
o distribute such excess from time to time 10 the
i the Association ssid videpSs to be nsdsS ~
he books Of the Association to the credit Of TIE mol
= PGovieS e. IN ~ pSymsSt Of future
Untitled to such dividends who has not beep mem
doT Twelve onSes ass preceding the day said
ARTICLE TX,
No person shall be admitted as member Of tb;.
Assoe alton except those between the ages Of sx-
cen 40 and sixty 81 years. fg5,4
ARTICLE Y.
No member Of this Association shall be liable far
ny OF the obligations Of the Association bsyond the
nm or sums " hich may be due the Association by |
UGH member, BY virtue Of the requirements speci
led in Article ".
ARTICLE XI.
This act Of incorporation may be altered on |
mended or the affairs Of the Association put into
liquidation by vote Of 5 majority d the policy
policy holders called b. the ADVERTISEMENT in tie
leEspapers in ccordance with Article ". pro
ided that II majority Of the policy holders be mot
mall Be called after the lapse Of fifteen days ana
he members then present whatever be their mum.
,er, shall b. empowered 70 act
Thus done and passed in NY Office AZ the city Of
New Orleans, on the day month ADD wear frst men.
Toned, n the presence Of james 81. Moore and
% subscribe their names with the parties and NE,
The original is signed;
|. n. LapeyIe, Thos. X FinlAy,
y B. Pothier, John Davidson.
Ichn q. sinnott. wi S. Moant,
]. Caulneid. W. o, Nichols,
Nm. Cooper, H. e. Schmidt.
y n. Creeyy, David McCoard.
ierard htith. VIM. McCullock,
I. W. Young y. a fournior,
" b. koontz, j. Lsncs,
I. y. Dunn, DID. FilxEilliama,
l j. Aston, 1oniaa j Aston,
N. o. "A. Robinson. John "A. Carr
i. i. stsrssissi cosaslis B sthrsahlsy,
N, n. BuddendSrhs q. ?. Benson,
4 ". Ahron, John " Eliiott.
Dcans. Wood Brosdloys,