New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-24
Gi'ARTEH' .......,."'"ARTEEo
UNITEf STATBs OF AMERICA. sTAXT e,4p
LOUISIANA
PARISH OF ORLEANS, CITY OF aE!7 ORLEANS.

| ''"'''s'' ''''e '.o'ss- 20 VA RTEHG
UNITEp sTArEs OF AMERICA. syASa e,sp
I LOUISIANA
| PARISH OF ORLEANS, CITY OF aB!Y ORPHANS.
Be 1t known that on this thirty first dav of tba
| month OF December, in the year OF our Lord one
| thousand eight hundred and seventy two and oe
tue independence of the United States of America
the nnety-sev euth, before me- GustaVe lie Gar,ieur
Jr., r,jtary public duly commissioner and sworn
III and for the parish and city aforesaid therein re-
siding, and III the presence of the witnesses herein.
afe' nam and undersigned personally came and
appeared Charles Cavaroc, ESQ OF this cty presi.
dent of the NEW ORLEANS MUTUAL INSURANCE.
ASSOCIATION. corpora ion organized under the
Laws or thus State, aud haVngIts domicle in this
parish of orleans the salt appea1er herein acting
i'll his aforesaid capacity, BY virtue of resolution
adopted by the Board Directors of said CORPORA
non, at Their Sitting of The twenty hrst day of
December, eighteen hundred and seventy.two a
certified copy hereof Is hereto annexed for refer
ence.
Which said appearer declared in hs said CANA
city, that in order to carry into effect aud causing
to be recorded the resolutions adopted at IA gene.
raj meeting of the stockholders of the said corpora
ti'n, heIu on 'he t"ehI Tn DAY OF December, lS13
pursuant to call made by the said Board OF Di-
rtctors specially for the purpose of taking into
cohN"era ION aud voting upon the adoption Of
amendments proposed to the charter or act of in
corporation of the said New Orleans Mutual In
surance Association, BY the Board of Directors as
Their sittlnG of the eighteenth day of November
i87I which said call advertised by notice., n
the New Orleans Republican, newspaper. -
shed in the city of New On leans from the nine
ttenth day of November last until the ,ay of hold.
ing said general meeting as will more fuily annear
by reference to the annexed certified COPY OF the
proceedings Of the said general meeting of the
stockholders, wherein stockholders owning and
representing in the aggregate seven thousan6
eight hundred ald ninety two shares of the capital
stock OF the said corporation, being IL the stock
represented at said general meeting, voted in favor
Ut the adoption OF the said amendments being
more THAI three-fuuIths, required by law
de, enc said anpeaIeT, acting in his afore saiG
capacity, does, by these presents, in behalf Of
t'e Stockholders of the said New eOrs
lsanS Mutual Insurance IssociaeiOn sieca, O. pro-
claim and publish the said amendments to the
charter or act Of Incorporation of the said New
orleans Mutual Insurance Association, hich have
been unanimously adopted at the said General
meeting Of the stockholders of che said o6rnorsS
tlon, 10 be hexstorth binding and obligatory upoI3
ere stockholders Of the said corporation an d ale
others whom the same shall or concern and
that the charter act of Incorporation Of the said
New Orleans Mutual Insurance Association is aSg
cordingls 6mende6 in the manntc following,
to wit: W
firstly-Ths, section one OF article th,se of tbs
act OF Incorporation be assembled SO 40 70 asiss &ss
fellS~s, Gao ~S:
eKCTIos :. The capital stock GP this az socIfGioneS
hereby fixed at the of three million of
OF which the one million of dollars already sub
scribed and issued shall form part The remaining,
two millions OF dollars OF stock shall be created and
issued as follows:
Whenever the special fund created and estsls
Shed under section three of article seven of thisa
act OF Incorporation shall amount to the sum e6
mil ion of dollars, stick to that amo unit shaU
be apportioned and allotted to the stockh olders oY
the ass citation in the ratio in viii oh hey shalR
then respectively be holders of he orr ginal ono
million OF dollars Of the capital stock and certih-
Gates of ok, emitting them to ten per cent pei
annum interest and privileges attached to said
original stssc&o shall be ISSUED to them accorss
inglYa
Wht never, afttT She Allotment and issue OF onSs
million of dollars of add iHual ST. ok as aforesaid
the special fund created and by gectioI
three of article seven shall again amount to onG
million Of dsllars, aPIortioument and allot-
meht at stock and new issue of crrti6ca tes op
he In bn hnlH e f1,ao
sociatten in tas 4 9io i'll which they shall then be-
holders Of tn" first two millions OF dollars of the
capital stock, and emitting the bearers the reof to
The same nigh . and privileges as the prior issues
And after tins secOi d allotment and issut of ads
silonal stock, the special fund established for the
purpose of INCREASING the stock of the associations
as aforesaid, shall cease 10 exist.
SrcOnd-That article seven of the act of incOEc
Joeatissu b. GIN nded so AS TO read SLOWS
ARTICLE VII
sEcrtos g. From and after the beginning Of Enc
third year the stockholders hal pay 10 pre- miuIuea
on the assurances Effected by them.
SEC. 2. Bnt on the last day of each quarter tho
president shall cause TO be made % statement OF
The losses and expenses of the association, to-
which shall be added two and hal pel cent in9
terest, 10 be paid TO the Stockholders on their
stock paid iii tu or on such part thereof as shall
have been paid, which said statements shall be
pub ihhed as provided for in section of articles
SIX for the annual statement to be made in Janus
airy, 1871 and 1872.
See. At the same time as this qua terly states
rnent shall b- rendered a call shall be made orr
each insurng stockholder for a contribution of
sixty five per cert on the premiums of the SUNG
insured for by him, earned during the expiring
quarter. which said contribution shall be paid af
the Office of the association immediately after the
first publication of the ell made for the same;
and such call snall be published three times in ats
least Two newsp ipnrs printed IN The city of News
Orleans. The amount collected shall be- aps
plifd hrst to cover The losses. expenses and in~
terest spec fed in the last quarterly statement
and the surplus, if any shall be apart and con-
sttute special fund for the increase of the capt.
tai "ck, - pr vlded in section % ar tiCleS
three of This act of in corporation
nEC. a. Ii the amount Of the losses, ex penses ana
interest due to stockholders specified in tie quar-
trrly statement exceed sixty-five per cent Of the
premiums earned during The eS pirng quarter but
do not xcerd the agprrgate am6nnt Of AID sarnaJ
premiums then contribution shan be made and
calico for ohly Tor u sum sufficient to cover said,
losses, expenses and interest
SEC. 5 And ii ths losses, expenses and interega
Incurred during any one quarter anount to sum
~ ceeding the premiums earned during said quars
ter, the assuring Stockholders shall be called upon,
and rrquil sd 10 pay in full the premisn,s earned
turing said quarter on She insurance effected bS
them, sud tis9 txcts IS shall be saken from tho
special fund set apart to increase the capital stock
provided In section three of this article to the
- tent OF the amount of said special fund; and iS
that b. iusi tiClent fl, III the Ut her available re-
,ouTcrs of tn. alton, provided III this act
Of incorporation.
'halI have attained the sum OF three milliohA
IT doliai5 h, provided in article three ne
contribution shan be led for of the insurinR
STOCKHOLDERS for an amount exceeding the sum OF
h lis'es expense and Two aud IL half per cent
interest 10 the stock holders, Il ceIts.ned and de-
;laltu III Inc quarterly Bta:f meUt, de and
ished by virtue Of section two If this al { Gle.
SIC. T. Ne party iHsutiI shall be Liable tOrct
ributlons provided N this article to an amount
XceedinG the premiums on assurances effected by
aim.
Thirdly-Th article nine Of the act of lncorpNs
alton b. amer dcd 30 rs TO read as follows:
ARTICLE TX
SECTION l. 1t shall he lawful TOR the Board
Jirrc' ors to invest the capital stock and other
money If the ssoCiati, IL in bands bulls, and notes
mi in mortgages on real estate. They may also
invest the capital stock and other cash funds of
he a-soCIat'On In any bonds or stocks created by
" under The laws of the Uni ed States, of this
state, or of corporations of this state loan ts
llnds on pl d4e of any of the aforesaid public or
pr aje seCuT tr- DO Dis or stocks.
&c. q l. ehall be lawful also for the Board n
directors to purchase any property, per-
,onal
lee arcd, III his said capacity, that by virtue OF
NJ powers in him vested by the AZORES id reeoh-
ION, Hud IN order TO more iufly carry INFO ffecA
he Aforesaid ann dm"n 10, he does hereby declare
ind make known that sections one Of rtlClr three
c.r seven and article nine OF the chatter ACT
4 iacoI Pora'lon ~ the said New Orleans Mutual
Insurance Assoc a ion hAvs be changed and
m ntsd so H. to lead ard be ID hrreInabOve
FTlLttu; aud I've hereby authorizes and rruuIresl
ne r. c"rcer Of mortgages in AID This city and
'"ilrh tc rechr1 taid amendments "a ths hooks Of
NJ n!Gcs ~ il required by sw.
J nus doe ant passed @t New Fsrieans, ~ m7
iCe th" day month and yesq first seboys vrIStens
u tn presence 81 Armand riLOt. IT,, dmbroisaS
; La Ple' competent sltneAs,s who dave signed
mn Tho sad 8pl @@IST ss. Leea4 stSs aeahs
ng tho q hole.
SnSi!So signed:
q. s4SsRCAl.
3. Pilot, JH.,
f. La PlC2
e. LKGARDkUR,S , Solasv Subfqe
. So -nS-rsI1nsd, Deputy K, corCysr Of MORT
r. GEES sh- Vs1sh ard eli OF sew Orleans Statns
y Lou siaTa de. hereby certify that the foregoing
III MT rne of charter WI duly recorded tbIs dar