New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-20

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
fifth. before me- Gustave LIE GaTdeur, 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
Charles Cayaroc, Esqnire Of this city, President Of
corporation of this city, herein acting in such Ca
pacity by virtue Of the several resolutions adopted
at meeting Of the stockholders Of said associar
t;On held on the twenty-first day of November,
1870 and at the sitting Of the Board of Directors O1
said association on the thrtieth day Of November
1870, the whole will more fully appear by refer.
TO the duly certified copies OF said resolutions
hen0tO annexed.
Iich said Charles Cavaroc, in his said capacity,
declared that pursuant to law and the act OF in
corporation of said New Orleans Insurance Ass0-
citation, and after the requisite notices and publ
mao D.rn anh sieh tb ,Sr ty
the New Orleans Republican 1.-THE official jOurnal),
the Commercial Bulletin the New Orleans Plea
the Renaissance and the PrOpaSateur a general
meeting of the stockholders of said New Orleans
the office of said association, the twenty first
day OF November, 1870 for che purpose Of making
certain amendments to its act of Incorporation,
aud 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
u represented, and they unanimously recon-
mended and adopted the following alterations or
charter or act of incorporation of the said New Or
leans Insurance Association, to Wit
SECTION PARTICLE II.
To make marine and river insu rance upon vessele
freishts, steamboats,, goods. wares, merchandise,
specie, bullion, bills of exchange, commissions,
profits, bank notes and other evidences OF debt,
bOttomry and respendentia interest and to make
all and every insurance appertaining to. or con-
rec:ed with marine or inland transportation risks.
SECTION 2-ARTICLB ~.
The notes furnished as above provided for shall
be reduced by credit thereon of the net profits
made by the Association i'll the first and second
years pro rata to the amount of earned premiums
that shall have been paid during that time by each
stakeholder.
By removing from said article the whole of
section g. and inserting said section az section Of
article VII thus leaving three sections in Article V,
and adding one section to article VII.
Section 4, article V, now by Nhtue OF the fore
going
Ali parties wishing 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 and consent
OF special committee appointed for that purpose
by the Board OF Directors, upon the recommend
alton of two of the stockholders, risks may
be taken from others than the stockholders and
such parties insurng will become entitled to such
rebate NAV be established from time to time by
the Board Of Directors.
SECTION 1-ART1ClE VII.
Prom and after the beginning of the third year,
surances effected by them.
Section /, 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, OctO-
Der. January, the President shall cause to be made
ISOLATION, to which shall be added two and half
per cent profits paid 10 stockholders on their
that shall 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 gen
er.ll meeting of the stockholders OF the said New
Orleans Insurance Association. hereto annexed
for reference.
capacity, moreover declared that by virtue of the
powers in him vested by the aforesaid resolutions,
and in order to more 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 Nv
article v, section of article V ard 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
siyty-Line, have been changed. amended or altered
to read and be as is herenabOve written, and
he hereby authorizes and requires the Recorder of
Mortgages in and for this city and parish to record
said alterations or amendments on the books of
his Office, as is required by law.
Thus done and passed at New Orleans. at my
office the day, month and year 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 The said
par. V and me, the said Notary.
Orig inal signed: c. CAvAROC. President
A. Pilot. JR.,
EDGAR PILOT,
q. LIZ GARDEUR, JR..
Notary Public.
i tr,e cepv:
&. LIZ GAKpEUR, Jr., Notary Public.
The undersigned Deputy Recorder of Mortgages
for this city and Parish OF New Orleans certities
that the foregoing amendment is duly recorded in
this office this day on the margin OF book society
No. :. tokOs 1888 to 1888 inclusive.
Nav Orleans, December ], 1870.
de2 l6 % 50 G. DARCANTEL, Deputy.