New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-22
CORPORATIONS.

CORPORATIONS.
(yHAlxRR -........... q. 49,. CHAB1H9.
SrArs OF LorrsrAxA
City Of New ORleanA
Be it known that ON this first day Of August A. D.
eighteen hundred and seventy, before me- Joseph
CSAn, notafy public foe this parish and city of
in u ths witnesses hereinafter Hamed and
undersigned, personally came and appeased the
2srss .s. fss ~ sc
Lesiss&ure Of this Stste, entitled Gan act for the
oreanizatioa Of eopor.tians for work. ofpabtic inn
Ms9eh @ they Do 81 these psessnt: snd
themselves and those whom they represent, A. wen
% those who may hssesiser become members. =
form body corporate for the objects end purposes,
and under the stipulsti0ns following
ARTTCLBL
Tho nans and style Of this corporation shall Be
"Cosmopolit.u Mutual Aid Life Insnraaes Assocss-
tion, OF New OrAesnA"
domicil in the city Of Nsw Oslesne. 1t shal exist
for . term Of twenty-five years from the date OF
tbs a All tie ana
the property ofthis Associstien shall st time
eeed the sum Of three hundred Thousand dollass.
ARTICLE III.
The object ofthis association shall be to contract
surance and do all acts relative to that kind Of
INSURANCE. in accordance with the terms and pro-
visions hereinafter SPECIALIZED. They shalt have the
scribers shall reach two hundred and fifty the Asso-
citation shall commence operations make contracts,
t;on sell property, movable and immuvajIe. ana
shall have and use corporate seal
ARTICLE ~.
All administrative power shall be vested IN nine
teen directors, Of whom seven shall form a que
rum and such other officers and clerks ~ they may
appoints the directors shall hold their ONCE for The
stitute the rst Board of Directors, and shall hold
office for one year from the date Of this char
ter: Alexander Aarls, A. Elmer Bader.. n I.
sard, simon Block L. Leopold, n. Stern, .. B. Cain.
F. Hoander, simon Hsber Thee Derckson.
Bonnecaze NJ L. Navarro and Leon G0dchaux. IN
the event OF vacancy in abe Board Of Drectors,
such vacancy for the remainder Of the term shall
Board Of Directors. The Board Of Directors shah,
at their first meeting, elect President, VICE
PRESIDENT .1d Ss the term they then
secretary who shall hold his office during good be-
havior, and such other officers as may BE-
to sdes .ha
at oil the meetinAs Of the Board Of DiretOrs and ut
. Gf ns Of
Of Directors. The Vice President shalf preside ut
dent and shall perform oil the duties devolving ON
the President. The Treasurer shall, before enter
ing upon the discharge q his duties give bond
Directors for the fitful discharge Of his duties,
said bond to le approved Wy said Board Of Diree.
whenever the Board Of Directors mAy deem 1t re-
quisite.
This association shall be composed Of two Glasses
Of policy holders, each separate and distinct from
the other, and shall be designated policy holders
Of the first class and policy holders Of the e sopd
easses with0uf the RIGHT n vote
ARTICLE VI.
Every male admitted member Of this associe.
ton to the class designated - the first class shall
pay into the treasury the ages Of sixteen
forty years, the sum Of fifteen dollars; over the
tie sum Of twenty daars over the age Of ffsy
thirty dollars. No male can b insured after said
the sum Of five dollars additional over the
admitted into this class over the age Of fifty years
ARTICLE VII.
Bach person admitted member Of the associa-
ton to the class designated - the second class,
shall pay into the trsa.1r between the age: q
lars over thirty-fye years and mp to nifty years,
the sum Of forty dollars after which age no per-
siding in the city must have resided 81 three fun
years previous to their application. Females over
forty tive years shall not be admitted 10 member.
money, when paid, shall entitle the policy holder
OF the first class to o equal to dollar for
second class to sum equal to i've doSrs for each
enrolled member. payable to his or herlegal repre-
sentative or assigns within sixty days after the
receipt of certified evidence of death OF the policy
holder, but in no case shall the amount paid on said
policy exceed the sum of five thousand dollars.
Ave thousand in the first class. and ore thousand
in the second class the contribution of members
exceeding the abve shall be set apart ia each class
as separate fund, and on the decease Of any policy
holder thereafter and as long said contributions
so exceed the excess shall be appropriated pro rata
ond said 81 s sha ths
for each and every member Of the association. On
the notification Of the death Of any policy holder
certificate Endorsed by the attending doctor jury
Of inquest, an assessment shall be made upon each
policy holder Of the first class, in case said death
occurs in said class, of q sum not to exceed one dol
Jar and twenty-dve cents, and on every policy
holder Of the second class in said death occurs
in said class, of sum not to exceed five dollars and
fifty cents which Sums shall be payable ut the Office
OF the association within thirty days after n0tiica
ton The failure to Fay an assessment within the
policy, and the name shall be erased from the books
OF the ASSOCIATION, unless good and sufficient rea
an
arrears paid into the treasury. Any policy holder
who has forfeited his policy ON the above grounds
previous subscription, but shall not be prevented
from applying for new policy by subscription as
2 new member All applications for membership
must be made to the Board of Directors in writing
stating name, age, residence, occupation; and any
lalse statement that shall come to the knowledge
pr the Board Of Directors after the issue OF the pol
icy shall annul said policy.
Applications shall not be received unless accom-.
panied with certificate Of respectablephysician,
Dr. from the associations physician, that the appli
can't is in good health and free from all cOnstitu-
[ional or other pulmonary diseases.
The association reserves the right to have the
pYAmiMQ he nj far
admission, and in all cases Of examination by him.
ne shall be allowed fee Of one dollar payable BY
Secretary shall immediately notify the policy hold
RS and call for the contributions as above speci-
led Said notification shall be published for 1--WE
Sew Orleans, in English, one in French and one in
herman, and such publication shall be due notice
o each policy holder
ARTICLE VIII.
Transfers Of policies shall be made upon the books
4 the Association only. The enrolment books of
he association shall be open to access at all times
. p'n's n0'0er'' ARTICLE TX
The President shall appoint. before the expiration
! the term Of the present Board Of Directors three
screet policy holders, who shall be Judges Of elec
to be notified by publication of five con.
ecutiVe DAYS III one newspaper published in New
'rleans In English, one in French, and in Ger.
ARTICLE x.
should the earnings of the association exceed the
UNI OF NIFTY Thousand dollars in the first class and
twenty-five thousand dollars in the second class
ne Board Of Directors shall have the right dis
ribnte such excess from time to time to the policy
oiders pro rata as dividends on the profits OF the
ss99c:latlon, said dividends to be placed to the
redlt OF the policy holders to he extended in pay
lent of future assessments; provided, that no
lember shall be entitled to such dividend who has
OF been member twelve months preceding the
ay said dividend shall be declared.
ARTICLE XII:
No member Of this association shall be liable for
ny of the obligations Of the association beyond tha
nm or sums which may be due the association by