New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-01

one hundred. The Association shall have the right
chase receive BY donation or sell property movable
or immovables and to make and use seal Cd ntair.
ing device
ARTICLE Ii.
The object of this Association shan be TO contract
1surspes and 10 do al he 70 Issue policies for lie
insurance in accordance with the terms and proyis
have the right to rsnsare in other co@pani sS II
desirable. but at its own coat and expense and for
It's own benefit. "
ARTICLE III.
All administrative powers of this Association
Shall be vested In twenty Directors Of whom five
clerks as they NAV sppops uc The S'neE officers and
hold their office for the term of years from the
ing shall constitute the t BorFs d d99S
Ieetors, and shall hold office for the term of two
yefMls h LAT fRs e. day OF MAasnTM ds gs
H / zTSs PPkkBBiIFPSsoN' / E PSTHiER;
W. COOPER, THOS. K FINLAY.
P4 caHI FsIGcG31RD pp6AFEkklcK SI IIR%IN
GERARD STITH, W. q. NIuHoIS
In the event of a vacancy in the Beard of Direct
ors, 9ccAsioned by the decease or resignation Of a
men pc Or otherwise before the expiration Of the
phed by the election Of fit and proper person, By
ors shall at their first meeting elect Pres;dsnt
Vice President Secretary and TS,easnrsr ma q
snail aiso elect such other officers may be neoes.
sary from Time TO time to carry the business of
ne ASSOCIATION The President shall be member
81 tbe Poara OF Directors and preside at all meetings
OF tn BOARD and at the meetings of the policv hold
ers OF the Association, and shall conduct the bust
hes o. ne associetlon generally under the srpervis
!on Of tne board OF Directors.
, Inc Vice President shall be menber Of tha
51ssd q DIRECTORS and shall preside the meetings
absence sign the policies of the Association
enpoyes as tbs Spa ea SUI aud such other
entering upon the discharge Of their duties Five
bono WITH security approved by the Board Of Direct
duties GA'''H'U iOf 'ns iA'nini discharge of their
ARTICLElv.
Each person admitted a member of this Associa.
tion snail pay into the reasury if between the ages
sum Of Ten Dollars; between the ages OF thirtSons
3D and forty 40) years inclusive Fifteen Dollars he
inclusive, Twenty Dollars; and between the asss ~
4y Soi) ah9 sixty lo0 years inclusive, Twenty.
has paid to life Insurance policy which shsu en-
title the pocyholder to a sum e1uai to One DolIar
10Y eacn enroHed member on the books of the Assoc
citation at the date of his er death payable 10 MS
q her legal representative or assignee within sixty
death Of the policy But in no case sSa ~
41nfount paId on said policy exceed Five Thousand
Oollars.- " enever the number of members shall
exceed Five Thousand the contribution Of ali re
members exceeding Five Thousand Dollars shall he
set apart as separate fund and on the decease Of
any poicyholder thereafter and so long s ssid con-
tr1buton exceeds Five Thousand Dollars the ercess
ss4t-tl be pro rata for the of
a!!anishlng SAID contribution Or assessment and
salo 9minuton shall be the same for each and every
member OF the Association.
On the notification of death of any poliev boIder
TO the of1cers Of the Association. accoIDanied with
~ July setting forth the facts, indoors
eu uy tne atlennlng physician or jury of inquest an
assessment shall be made upon each policy holder
ior a sum not TO exceed one dollar and twenty-five
Sents Whcn ~ payable at the office of the Astocia-
tlon within thirty days after notification The fall
e 70 pay TINS assessment within the above stated
LIe On lhe part OF any policy holder shall operate
toTieture Of his Or her policy, and the name Of such
snal De erased from the books Of the AS
soelation unless sufficient are given to be
Idinmitted 70 ana determined upon by the Board Of
directors within twenty DAYS thereafter, and the
holder who has forfeited his policy from neglect to
g Sne ~ on the decease Of mem
the previous subscriptions; but he shall NOT be re-
se e1sH IRON applying Tor new policy by no.
membership or to become a policy holder in tbis
a must be made in writing to the Board
81 Dreetors, Stating the name, age, residence and
OF the applicant and apy false statement
taat shall become APPARENT the Board Of Directors
AIter the issue Of the policy shall Annul said poirv
No application shall be received unless accompapied
WIN certheafe from a respectable physician.
pllcant Isl good health, and free from pulrna.
nay or other constitutional disease The Association
tifcate from any other than the Associatio ms.
Slani examined by the Associations physician and
oe allowed fee of one dollar to be paid BY the app
cant, Al transfers of policies shah be made upon
ARTICLE v.
Upon the death of a member the Secretarv sb all
= % notliy the policy holders OF the fact
ana call TOT the contribution specified in Articia
~ by causing said notification to be published Tor
NAN rIsnn days IN one newspaper published
ana such publication shall be due notes 70 each
bS lime n SS ana on failure g comply within
ne ~ 81 sae sGs forfeit his Of her policy and all
yded that any psicy holder rms Tbo s ss pro
1he treasury an amount to cover any Nspecifed