New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-06

hold their office for the term of two years from ~
day OF their appointment or election. The folo1
rectors, and shall hold Office for the term Of Il,
years G 1P ths TIT day of Aasuss lsgs
R Z 1IHs PFAAyyiIRPssoN. 1 2. Py STII
l. N. MARKS, G CAVARUO,
+. +. SCHMIDT, WIN CREEVY.
w. COOPER, THOS. X FINLAY.
W. y PIKE, ANTHONY SAMBt1TA
DAVID Mc60ARD, PATRICK IRWIN, -''
l. UAULt1hLD, JOHN O. SINNOTT
GERARD STITH, w. q. NICHOLS.
In the event OF vacancy in the Beard of Dire,;.
ors, occasioned by the decease or resignation Of
member or otherwise before the expiration Of ite
term of his appointment, such vacancy shall be ma
piled by the election of fit and proper person "
shall, at their first meeting, elect President a
Vice President, Secretary, and Treasurer. They
shall also elect such other officers as may be peees
sary from time to time to carry on the business n
the Association. The President shall be a menbt
Of the Board Of Directors and preside at all meetnIH
Of the hoard, and at the meetings of the policy bod
ers of the Association, and shall conduct the bus
ness Of the Association generally under the supervs
The Vice President shall be a member of IL,
Board of Directors, and shat preside at the meetnrl
aforesaid in the absence of the President and IN n
absence sign the policies Of the Association.
The Secretary and Treasurer and such othr
employees as the President shall direct. shall befos
bond with security, approved by the Board Of Difen
ors conditioned for the faithful discharge OF tSsf
NN' ARTICLElv.
Each person admitted member Of this Assa,.,y
ton shall pay into the reasury, if between the ssS
of sixteen Q0 and thirty 800 wears inclusive N
sum OF Ten Dollars between the ages OF thiriy1re
(3D and forty 40J years inclusive, Fifteen Dollars IA
t~een the ages Of forty one t4l and fifty so Jss
inclusive, Twenty Dollars; and between the aps 81
ifty.one t5D and sixty 60 years inclusive, Twenty.
five Dollars, which sum shall entiue the party wso
has paid to life insurance policy which shsl sn
title the polcybolder to a sum equal to One Dolsr
for each enrolled member. on the books OF the Asss
citation at the date OF his or her DEATH payable to
nF hpF aunfr inf hin
death of the policy holder. But in no case snail IA
Dollars. Whenever the number OF members N
exceed Five Thousand, the contribution OF all ID
members exceeding Five Thousand Dollars shall n
set apart as separate fund, and on the decesse a
any policy holder thereafter, and so long sand eo
tribpton exceeds Five Thousand Dollars, the eIcet
shall be appropriated pro rata for the purpose Il
diminishing said contribution or assessment and
said diminution shall be the for each and eTt
member OF the Association.
On the notification of death Of any policy holdsI
to the officers Of the Association, accompanied wit
certificate fully setting forth the facts and ndoi
ed by the attending physician or Jury OF inquest q
assessment shall be made upon each policy holdel
for a sum not to exceed one dollar and twenty.fTl
cents which is PAYABLE al the once OF the Assoc
ton within thirty days aft notification. The fail
are to pay this assessment within the above sL;sI
time on the part of any policy holder shall operats
forfeiture of his or her policy, and the name Of sd
delinquent shall be erased from the books OF the q
soclation unless SUFFICIENT reasons are gwen 70
submitted 10 and determined upon by the Beard
Directors within twenty da, thereafter and the q
A
holder who has forfeited his policy from neglect
pay the regular assessment on the decease Of med
Der shall be debarred from all benefits arising fIel
the previous subscriptions but he shall not be 4
scTiption as pp BSw member al spPIcStion. a
membership. or 70 become policy holder in ID
Association, must be made in writing to the Bolrl
of Directors, stating the name, age, residence sDl
occupation of the applicant; and any false statems
that shall become apparent TO the Board Of Directed
after the issue Of the policy shall annul said pole
No application shall be received unless aocompsnie
a CertlnCAte ToamgpfahH
or the Associations physician, that the sd
Ssos o Z eo9a s na Fes from
reserves the right to have any applicant upon "a
tiheate from any other than the Association phyt
in all cases when he makes an examination hsshl
be allowed fee Of one dollar, to be paid by the spp
cant. All transfers of policies shall be made ap0
the books of the Association.
ARTICLE v.
Upon the death Of a member the Secretary ia
Immediately notify the policy holders Of tksiSstF
and call for the contribution specified in Arakl
W BY causing said notification 70 be publsha
I'VE consecutive days IN one newspaper published
in New Orleans in English. and one in FrsnS
and such publication snail be due notice to NJ
the time and in the manner specified in Artificial
he or she shall forfeit his or her policy and i
| yided that any policy holder who shall depoSt
Lae treasury an amount 20 cSye- az speec.sssi e
number o. assessments as assessments gaia
| Of a member by Article W., and az the same ID
furnish the Secretary in writing the numba
which he resides. II he resides in the oiy Il
New Orleans, or II the, policy holder resides
residence, the policy Of such policy holder
not be declared forfeited until after said amo1#
wse sna 1ot hsve % been Sn and
| left at the residence Of the policy holder Il
siding in New Orlsans, sr sent 10 MS neares. n
thereafter Of said policy holder to comply With ID
requirements OF Article Nv. respecting assessns'
ARTICLE vi.
The President shall appoint, before the ten Il
cfhce Of the present directors shall expire, tl4i
discreet Policy holders, who shall be ludgsi
election, They shall cause the policy holdersoi
| consecutive days in one newspaper published
New Orleans, in English. and one published
French.
ARTICLE VII.
The enrolment book Of the Association shL
open TO access At all times TO policy holders,
ARTICLE VIM.
Should the net earnings of the Association 4
coed one hundred Thousand dollars, the Board
TO distribute such excess from time TO time to 6
policy holders per capita as dividends on the pfE
the books of the Association TO the credit Of the a
icy holders. TO be expended IN payment Of fut%
entitled to such dividends who has not been nd
per for twelve months next preceding the day u
dividends shall De ooolafed-
ARTICLE TX.
No person shah be admitted as a member Of u.
Association except those between the ages Of i
tesn 40 and SIXTY 100 years.
ARTICLE X.
No member Of this Association shan be liabR
any OF the obligations Of the Association beyond
sum or sums which may be due the Associate e
saen memPer Py virtue Of the requirements "
ARTICLE xI.
This act Of incorporation NAV be altered
Hsmelnsoea or tne Affairs Of the Association put
nolnsrs represented at any general meeting d
policy holders called BY the advsrtisementsin
sided that if = majority Of the policy holder vi
present a. the time appointed. anoIher msla
We members then present. whatever IS thefrfE
Der, shall be empowered 70 act =,
New Orleans. on tie DAY, month ar yssY M
4enso. IN the presence Of james 81. Moore
= = s mooo Sseea9ye compete9t witnesses, who
The original is signed:
2. g. Bapsyfs, Tkos. K. FinlAy.
t. n, q 6os SsE. Jonn Davidson,
%onn " einnott, W. s. Mount,
q Oa1lneld, w, O Nichols
IN. cooper ~ r. Hohmidt
~ . yfeeyy. David McDoard,
s 8 SS eutns Vim. Me0ulloch,
\. + k ksssiE; J. t q; sss'RisF'
4. y i piaa5. p EiszvilliAms,
W. 3. Il. RobIuson. Jo SI,1 !; I s5 n,zson'
" y Il sssaE.ssslsy 0ssssaa 81 slhrssnis,
a q: H 49, - Wees BFssalovs.
q 4 e.r.Aly .hs lesssslss q b ssus copy q
~ fe1tt whereof RFanf tke7S sfsT@nntT under =