New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-10


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 indcpend-
ence OF the United States Of America the ninety
fifth. before me, Gustave lie Gardeur, Jr., notary
public duly commissioned and sworn in and for tho
parish and city aforesaid therein residing, and in
the presence Of the witnssses hereinafter named
the new ORLEANS IS S3ss as
pacfty byxirtue Of the several resolutions adopted
at q meeting Of the stockholders Of said associa-
nd on tas o tbs q
said association the thirtieth day Of November,
1870 as the whole will more fully appear by refer
ence to the duly certified copies OF said nc solutions
Which said Charles Cavaroc, in his said capacity.
corporation Of said New Orleans Insurance Asso
citation, and after the requisite notices and publ
cations had been made, and given for thirty days
the New Orleans Republican (the official journa).
the Commercial Bulletin the New Orleans Plea
the Renaissance and the Propagateur, q general
meeting of the stockholders Of said New Orleans
Insurance Association was convened and held at
the Office of said association, on the twenty .frst
day OF November, 1870, for the pugposeef making
certain amendments to its act of Incorporation.
holding and owning six thousand seven hundred
and fifty shares OF the capital stock Of said New
Orleans Insurance Association more than
or represented, AID they unanimously recon-
mended and adopted the following alterations or
Charter or act Of Of tie said New Or,
leans Insurance Association, to Wit:
SECTION PARTICLE II.
TO make marine and river insurance upon vessels,
Tssnb so . e
profits, bank notes and other evidences Of debt,
bottOmry and respspdentia interest and to make
nected with marine or inland transportation risks
SECTION 2-ARTICLB w.
The notes furnished az above provided for shall
be reduced by credit thereon of the net profits
made by the Association in the first and second
years, pro rata to tie amount Of earned premiums.
that shall have been paid during that time BY each
stocAh0lder' .pr,crFv
BY removing from said aIticie v the whole of
section s. and inserting said section ms section OF
article WI thus leaving three sections IL "
Section 4, article V, nov BY virtue OF the lore
going.
All parties wishing to insure with the association
shall subscribe to the capital stock thereof, and be-
come stockholders of the association; provided,
that BY a1d with ns M t and
by the Board of Directors, or upon the recommend
alton Of two more of the stockholders risxs may
such parties insuIng II become entitled to such
rebate as may be established from time to time by
the Board OF Directors.
I-anI LILLE VII.
From and after the beginning of the third year,
the stockholders shall pay no premiums ON the in
surances effected by them.
Section l. article VII, now by virtue of the
SECTION PARTICLE VII
But in the year 1872, and in each and every year
following within the months of April, July, 0cto-
Der, January the President shall cause to be made
a statement Of the losses and expenses OF the
ISOLATION, to which shall be added two and half
per cent profits paid to stockholders on their
stn
that shall have been paid, and the amount thus
formed shall he paid pro rata by the parties insur
ing, on the earned premiums of the sums insured.
Section 2, article vii now, by virtue OF the fore
going, to he section . of said article vii.
All relative to which will more fully appear by
the certified copy OF s the es 81 q Inc ssd gem
Orleans Insurance Association, hereto annexed
for reference. e.
capacity, moreover declared that by virtue of the
powers in him vested by TIE aforesaid resolutions,
and in order to more fully carry into effect the
these presents, publicly declare and make known
that sectisn Of article IT, 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
enth day OF August, one thousand eight hundred an
si1ty-nne, have been changed, amended or altered
SO as to read and be is hereinabove written, and
he hereby authorizes and requires the Recorder Of
said alterations or amendments on the books Of
his office, as is required by law.
Thus done and passed at New Orleans. ut my
office, the day, month aud year first above written.
in the presence, Of Armand Pilot Jr., and Edgar
Pilot, both of this city, competent witnesses, who
have hereunto sisned their names with the said
party and me, the said Notary.
Original signed: G. CAvAROC, President. Z
:. A.PITOT, JR..
EDGAR PiTOT,
9. LIE GARDKUR, JR.,
Notary Public.
<xts IT,