New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-14
UNITED STAIRS OF AMERICA.
State Of Louisiana, Parish of Orleans City Of New
Orleans.


Be it known that on this first day of the month
OF December, in the year Of our Lord one thousand
eight hundred and seventy. and Of the independ-
ence of the United States Of America the ninety.
fifth. before me- Gustave lie GardeMr, Jr., notary
public duly commissioned and sworn IN and for the
parish and city aforesaid therein residing, and in
the presence OF the witnesses hereinafter named
and undersigned, personally came and appeared
the NEW ORLEANS INSURANCE ASSOCIATION, q
corporation of this city, herein acting in such
ut meeting Of the stockholders OF said assOcia
ton, held on the invent first day Of November
1870 and at the sitting Of the Board of Directors Of
SAID association the thirteth day of November
1870 the whole will more fully appear by refer
ence to the duly certified copies Of said resolutions
h ut . annexed.
" INCH said Charles CavarOc in his said capacity,
declared that pursuant to law and the act Of in
corporation of said New Orleans Insurance Asso-
ciatiOn and after the requisite notices and pnbli-
cations had been anade. and given for thirty days
in seven newspapers published in this city, to wit:
the Commercial Bulletin, the New Orleans Plea.
yune the German Gazette, the New Orleans Bee,
the Renaissance and the PrOpagateur, general
meeting OF the stockholders OF said New Orleans
Insurance Association was convened and held ut
the Office Of said association, the invent y-first
day of November, 1870, for the purpose OF making
certain amendments to its act OF incorporation,
and that at said general meeting stOckhOlders
holding and owning six thousand seven hundred
and fifty shares of the capital stock Of said New
Orleans Insurance Notwithstanding more than
two-thirds Of the number of shares-were present
or sn at ana th 1S oina or
amendments of the following articles OF the said
charter or act of incorporation Of the said New Or
leans Insurance Association, to witt
SECTION PARTICLE II.
To make marine and river insurance upon vessels,
freights, steamboats,, goods, wares, merchandise,
specie, bullion bills OF exchange, commissions,
profits bank notes and other evidences of debt,
bottomry and respondentia interest and to make
all and every insurance appertainiDg to, or con
nected with marine or inland transportation risks.
SECTION PARTICLE ".
The notes furnished above provided for shall
be reduced by a credit thereon Of the net profits
made by the Association in the first and second
years. pro rata to the amount of earned premiums
that shall have been paid during that time by each
ARTICLE
By removing from said article the " hole of
section 3. and inserting said section section OF
article VII thus leaving three sections in Article v,
and adding one section to article VII.
Section 4, article v, now by virtue of the fore
going.
All parties wishing to insure with the association
shall subscribe to the capital stock thereof and be-
come stockholders Of the association; provided,
however, that by and with the advice aIa consent
of special committee appointed for that purpose
by the Board of Direc tors or upon the recommend.
alton of two of the stockholders, risks may
be taken from others than the stockholders, and
such parties ns,ring will become entitled to such
rebate az ma De established from time TO time by
the Board OF Directors.
SECTION l-ARTICLE VII.
From and after the beginning of the third year,
the stockholders shall pay premiums on the in
surances effected by them.
section j, article VII now by virtue of the
foregoing
SECTION PARTICLE VII.
But in the year 1872, and in each and every year
Der, January, the President shall cause to be made
a statement of the losses and expenses OF the as.
per cent profits paid to stockholders on their
stock paid in full, or on snch part thereof
that shah have been paid, and the amount thus
formed shall be paid pro rata by the parties insur
ing, on the earned premiums OF the sums insured
Section ?, article vii now, by virtue Of the fore
going, TO be section of said article vii.
All relative to which will more fully appear by
the certified copy OF the minutes OF the said gem
eral meeting OF the stockholders of the said New
Orleans Insurance Association, hereto annexed
for reference.
Wherefore the said Charles Cavaroc il, his said
capacity, moreover declared that by virtue of the
powers in him vested by the aforesaid resolutions,
and in order to fully carry into effect the
aforesaid alterations and amendments he does, by
these presents publicly declare and make known
that section of article H. section of article w.
article V. section of article and sections and
of article VII of the charter act Of incorpora
ton of said New Orleans Insurance Association, as
passed before the undersigned notary on the sew
tnth day of August, one thousand eight hundred an
sixty-nne, have been changed amended or altered
as to read and be as is her-nabove written, and
he hereby authorizes and requires the Recorder of
Mortgages i'll and for this city and parish to record
said alterations or amendments Oh the books of
his office, as is required by law.
Thus done and passed at New Orleans, at my
Office the day, month and wear first above written,
in the presence OF Armand Pilot Jr., and Edgar
Pilot, both of this city, competent witnesses, who
have hereunto signed their names with te said
party and me. the said Notary.
Original signed: 6. CAVAROC. President.
\. PILOT. JR..
EDGAR PITOT.
q. LIE GARDEUR, JR..
Notary Public.
A true copy:
G. LIZ GARpErR. Jr., Notary Public.
L ID
for this city and Parish OF New Orleans certifies
that the foregoing amendment is duly recorded in
this Office this day on the margin of book society
No. Z folios 1893 to 1888 inclusive.
Nav Orleans, December I, 1870