New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-18
CORPORATIONS,


CMAR11n. .CHARTER.
s1 IT, q q ftS sg 1s9s;.n. l..
Be it known that On this hrst day Of August A. p
eighteen hundred and seventy, before me, Joseph
Cohn notary public for this parish aud city q
in presence Of the witnesses hereinafter named and
UNDERSIGNED, personally cane and appesred tie
declare that, avafng Themselves Of an act II the
Legislature Of this state entitled IAN act for the
Of March 1855, they do BY these presents bind
as those who may hereafter become members, to
form body corporate for the objects aud purposes,
and under the stipulations following
The name and style Of this corporation shall be
Cosmopolitan Mutual Aid Life Insurance Associa-
tOu of New Orleans" s@A tEts-i t47s@
ARTICLE II. hsF 4. tess
This Corporation shall b located and have its
for a term of twenty-five years from the date OF
this charter All legal process shall be served on
the property Of this Association shall at NO time ex-
coed the sum Of three hundred thousand DOLLARS
ARTICLE III.
The object of this association shall be to contract
for the insurance of e to issue policies for n1e m
surance and to do all acts relative to that klno OF
| insurance in accordance with the terms ana pro
right to reinsnre, and When the number sub
scribers shall reach two hundred and nfty the Asso
| cation snail commence OPeFdtlOnS, m8ko 0ceos
ton. sell property, movable and immovable, ana
shall have and use a corporate seal 81
| ARTICLE ". ~
All administrative power shall be vested in nine
| teen directors, Of whom seven shall form quo
rum, and such other officers and clerks az they may
| term OF one year Tie following persons shall con-
stitute the first Board Of Directors, and shall hold
t ter: Alexander Marks, A. Elmer Bader NJ. L.
| Block r. " Montgomery, Isaac Levi, Jules Cas-
Simon Block s.
Leon Haas, Pierre Klopman, Alexander Shlenker, a.
Bonnecaze, NJ L. Navarro and Leon Godchaux In
the event of q vacancy i'm the Board Of Directors,
such vacancy fox the remainder of the term shall
he filed by the election Of another person by the
Board Of directors. The Board Of Directors shsl
at their first meeting, elect President, Vice
President aud Treasurer for the term they them
who shall hold his Office during good BE-
havior, and such other ofdcers az may .S 20
necessary to carry on the 0n sSa uresde
at all the meetings Of the Board Of Directors and ct
the meetings Of the policy holders Of the sssocaa
ton generally, under the supervision Of the Bosrd
of Directors The Vice President shall presi1
the sss ss nerorm an II The duties
the President. The Treasurer shall, before e.
nS the sna q
Directors for the faithful discharge OF his duties
said bond to be sp5osa y ssa 2.
whenever the Board Of Directors may deem II 70
quisite. r. -eils.- g0Hs ~
This association shall be composed ~ two Glasses
the other and shall be designated as policy holders
of the first class and policy holders Of the second
class Females may atso become policy holders in
both CLASSES, without the right to vote. f
..-r.- ARTICLE vi.
Every male admitted . member Of this associa.
1sSn sS the the aess q
and thirty years (nclnsive), the sum OF ten dollars
tSe ase the n aosr.
tie sum Of twenty dollars; over the ego Of ffty
Sny s SoalR No male Insured sr said
| age Of sixty years; every female admitted into
the the ss Of sAis 'e ao.lRs Pay
. previous mentioned rates, and no female shall be
admitted into this class over the age OF nty years.
/ ARTICLE VII.
. Each person admitted q member Of the associa-
ton to the class designated as the second class,
shall pay into the treasury, between the ages OF
lars ever thirty-fve years and up to fifty years.
the sum Of forty dollars; after which age no per
siding in the city must have resided % three full
years previous to their application Females over
shr Of the second class. The aforesaid sums Of
money, when paid, shall entitle the policy holder
of the first class to sum equal tS one dc n t ios
enrolled member payable to his or her legal repre-
a;Mt "f " cert;sd evidence Of death Of the policy
1Sp Mt IN no % 90 shajI the amOnnt Maid on said
,oi;or arcaad tbe s1n ~ Ave Thousand dollare
:, PWxII snarer The rnmher of members shall exceed
!. a .S,o.s ~ xl,s 1rst cIas. and oue thousand
=; th ooc,,J ci..s the contribution of All
IN the above shah be set apart in each
as separate fund, and on the deceaee OF any poncy
holder and IS long as SAID Id,
for the nnrnose Of diminishing said contribution
aos .T and sa;d diripntiln shau be the same
s na ~ aoS sro,v 1,an1ar Of the ass0ciatiOn On
!o @ +h ds~th ~ anv yoiicv holder Ia
the nscars ~ the asscc;atien accomDanied with q
certfcafe endorsed by the attending doctor or jury
of inquest an assessment shall De made uD9n eaeh
policy holder Of the hrst' Glass; IN case sa,e ueas
occurs IN said class OF sum not 10 eAceou V,e H
lar ana twenty-nse cent, anu ~ SsetS drcc,,rs
I IN sad class on sum nos ~ Us seaie A. the ocs
81 the ASSOCIATION ta * IN AZ sss1snt within the
tp .e iH .; Xii ~ = S,c;t,,rs Of his or he,
1oESc sSt a., .o s ~ ~ - orose fcr, the hooF,
Of tie ASSOCIATION, unless good and sufacient rsa
Directors within twenty days c ana ho%e
Who has forfeited his pOlicy on the above grounds
shall be debarred Of all benefits arising from the
from applying for a new policy by subscription az
a new member. All applications for membership
must be made to the Board of Directors IN writing
stating name, age, residence, Occupation; anu Any
the Board Of Directors after the issue Of the POI
icy shall annul said policy
Applications shall not be received unless accom-
D panied with certificate OF Respectable
or rom the assoeiat,ohs pds @ o NJ,
VI t;onal or other pulmonary diseases.
Of The assoriation reserves the right to have the
N associations Musician examine the candidate fol
At admission and in all cases of examination by him
o. he shall be allowed fee Of one dollar, payable b,
SonrA fnrV