New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-08-16
ARTICLE II.


ARTICLE II
Ine object Of this Association shall be 10 coBrrse+
H. Lv assar nee OF iie to issue pol cies for life
insurance n accordance with the terms and proys,
bays IN rg, spec he'd The Association shall
tIe Ilknt 70 rrlnsue in other companies II
re- - Dui az Its own cot and EXPENSE and for
ARTICLE III.
Al, Al administrative powers Of this Association
shsi f5 9s Vested IN twetty recors ei whom i've
boi3 1b 81 ,9es may aopo mt The reoIors shall
dS Of ti oice LOT the term OF years the
ing persons shall const tue he first Board al 81
rectoFs ana shall hold office Tor the term 81 two
I u J ~ "a w X e5st Gay OF gust lsss
JOHN DAVIDSON ], e. P,THiER
Il ZuBERBiER, WIN. mctj1TIJocu
]. n MARKS q GaWS R UI4O'H'
p i. SCHMIDT wa T,tEsSyJ,,
". COOPER, THiiS 4 hFInlFAy
W. \ PIKE ANTuaA y u y hLhSat5nr
DAVID McI6oARp, PS isT x rE sAAmNBoLA'
/. o ,ULFl LID Ij1tJN ~ eI i lN TiSE
GERARD STIIH W a. Nj III ~
ors, 9ccasiUued by the deCesse or reslpnsiioD ~
lem ~ 81 otnerwIse, before the expiration Of the
sSi o. me appointment, such vacancy shall be sup
pLiei r Dy ihe elect Of MT proper person ~
me Eemaneer Of the 30 I'd. The Board Of Direct
rs tndl, et their first meeting elect President
Ei.9 fsslosnt' Secretary, and Treasurer. They
sarv frt1 t suTn otneF olhc Is as may be neCes
the Associalior. The President shall be a men,ber
Of be Board and the meetings OF he oolicv hold
ers Of the Association, and shall cououct the bus
Ion Of the Board of Directors
,,I Ins yige President shall be member of the
ioalu ~ DIRECTORS and hl preside as the meeting
Aforesaid in the absence Of he Presfdent and n ~
ag Te sign me policies + the Association.
eiDpl2yes as the PRECEDENT hall direct, sha before
pond Win secaritT u,nS Sr OF ne duties give
~ eohai'oAed Tor the faithful discharge Of Their
ARTICLEIv.
E~u.l
ton shall pay into reasnry if between the agss
OF sixteen 40 and thirty 90 years inclp,iy tSP
and forty a sinc asive. fite sg D Ola gee 5e
cen the ages Of fortA une an and fty so years
nifty one OIL and sixty 60, years inc usivs twenty
I'VE Dolars WaleH sum shall entitie the party who
mas PAID TO life Insurance policy, which shall en-
| ltla the pohoy-roider 70 a sum equal 70 One Dollar
lg5 eaoh member on the books of the Assoc.
| DAYS after the receipt Of a ceTtifed eyldenee "
dsath OF the policy holder But in no case snail The
| amount PAID on said policy exceed Five thousand
| Dollars Whenever tho number Of members shSii
| exceed Five Thousand tho contribution OF al lie
! mem beers exceeding Five thousand Dollars shalt be
any poicJ holder thereafter and 20 long as "a cor
| T b3ton exceeds Five Thousand Dollars ths eroess
shai be appropriated pro rata Tor the purpose OF
Diminishing sad contribution or assessnent, AND
| member of the Association.
On me notification Of death of any policy holder
TO the ON ers Of the A-socaton, accom- panied with
2ertiieaty FULLY setting forth the facts, ndors
go " INC atlennlng yseiau or Jury Of inquest
1
| for Jun hot to exceed dollar and twenty-five
cents, which is ps yable at the office OF the Assoca
| ere to pay his assessment within the above stated
ilme on he part of any policy holder shall operate
delinquent shat be erased frt the books OF the A.
sb'ta Sss 5nGient reasons ere gyee 20 be
Directors within tive ty da thereafter and the ar
holder who has forfeited his policy from nsgeot to
pay tne regular assessment on tho deeease OF mem
Der shall be debarred from all benefits arising iron,
he previous subsorp tIons, but no sha OF be pre-
| vented from applying Tor a NV policy by a cut
| membership, % become Motley holder in his
Ass,oc,at'on must be made IN writing to the Board
occur alton Of the applicant; and fAlre statement
that shall become appsra 10 the Board of Director
a ef the issue Of me policy shall annul aid policy
No app lcaIi shall b. received unless accom- panied
| or the Assoeiatio.'s ply ioiah' that t6e a. a.
| phosnt is in good health, and free from puimo-
reserv- the right to have an, applicant upon Ger.
ttcate from any other than the Assoc atoms
in all cases when he makes e1amihlt Oh he al
o9 es e, one no. g.. to re- psid by the spp
| the books OF the Association.
ARTICLE V.
Upon the death Of member the Secretary sholl
immediately notify the policy holders OF the fact.
ana can TOT the CO r. button specified in Article
". by causing said notification t. be published Tor
i've consecutive days n one newspaper polished
IN New Orleans in English, and ono French
and such publication shall be due notice 70 each
policy holder, and on failure to comply within
1 y.
ne or she shall forfeit his or her pol oy, and ali
rights as policy holders ia thus Association; pro
the treasury amount to cover any specidea
number OF assessments assessments paid IN
advance, and required te be paid on the deceass
of a member by Article ~ and at the same time
furnish the Secretary in wiring the number OF
Thleh he resides, if be resides in the city Of
OF the city the name o the postofice nearest his
resdsndde, the policy q such policy holder shat
deposl ed shall have been exh Austed, and until
ter written notice that effect all have been
siding in New Orleans or sent pS a.s nSs1ss post
oce Y residing cat e New orleans; and the failure
requirements OF Article Nv. respecting assessments
ARTICLE VI
The President shall appoint, bsfors the term Of
ofhee Of the present directors shall expire. three
| discreet policy hol ers, who shall be judges OF
Assoc alton 70 be notified BY publication on fiys
S Gays N f one nes,Papes pTS nss n
French.
ARTICLE VII
The enrolment book Of the Association shall Be
open TO access at all times 10 policy holders,
ARTICLE VIII
, Should the net earnings Of the Association ex-
seed one hundred thousand collars % Lars. me SosCd %
to distr ute such excess from time 20 time 70 the
S per eSPS rs % % NE psssS %
books of the stion TO the credit Of the pol
~ . PTovdSd ISa5 no member shsi Be-
entitled such diyidends who has not been q mem.
Ger for twelve months next preceding tho day saic
| diyidsnds shall be declared
ARTICLE TX
= No psrson shall be admitted as a member of this
Association except those between the ages Of six
teen i0 and si1vy co. years.
ARTICLE X.
No member of this Association shall ba liable for
any OF the oblgetions Of the Association beyond the