New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-17
CORPORATIONS.

|
| cletv No 9, folio SO ct seq. this day
| Ne" orleans, December "a. 1872
! ..- C. DARCASTEL Deputy
f =. PLIor. ia. Notary Public. de27 law 4s
fIifAiiTER .....o..oo...o.... OH ARTERS
UNITED STATES OF AMERICso srArRs Os
LOUISIANA.
!aRisH or ORLEANS, .ryy oPNgrs oRLBsss.,
Be- it Known that ON this tAirty first d.v Of tbs,
| month OF December il the year OF our Lord one
! thousand elGAt hundred and sevcnty-two and o(1
| the independence of the United States of Americas
the nlnetyseventh, before me, Gustaye lie Gardeur
| Dr.. % notary public duly commissioned and sworn
IN and for the parish and city aforesaid therein re
siding, and in the presence OF the witnesses herein
| after nam and undersigned personally came and
appeared Charles CavaroC, Eeq of this city presi-
| dent of the NEW ORLEANS MUTUAL INStRINCR
| ASSOCIATION a corporal ion orraniz-d under ths
laws OF this State, and having its domcile in this
parish OF Orleans the sal alpearer herein acting
in his aforesaid capacity By virtue of resolution
adopted by the Board Directors Of said oorpora-
| ton, at their sitting of the twenty hrst day 90
| December, eighteen hundred and seventy-two a.
certified copy whereof ls hereto annexed tor refer
| sroe
! Which said appearer declared in his said oaps~
city that order TO carry into effect and causing
! to be recorded the resolutions adopted a gene,
raj meeting of the stock holders OF the said CORPORA
| ton held on the twentieth day of December I9T2
| pursuant to n call made by the said Board OF Di,
rectors specially for the purpose of taking intNs
J consideration, and voting upon the adoption OF
amendments proposed to the charter or act OF in
corporation of the said New orleans Mutual In
surdnce Association bv the Board of Directors M
| their sitting of the eighteenth day of November.
1877. which said call was advertised by notces IN
| the New Orleans Republican, a newspaper E.r-.
lished in the city of New Orleans from the nine
te,nth day ofNovember last until the day OF hold
ing said general meeting, will more fully appear
by reference to the annexed certified COW OF th,a
| proceedings Of the said general meeting of thea
stockholders, wherein stockholders owning and
| representing in the aggregate seven Thousand
stock of the said coIporat on being all the stocla
represented at said general meeting, voted in favor
OF the adoption OF the said amendments being
more than three-foutt tbs, as required by law
He, the said appearer, acting in his aforesaid
the stockholders Of the said New sn"" Or u
leans Mutual Insurance Association, declare pro-
claim and publish the said amendments TO thea
charter or act of Incorporation of the said New
Orleans Mutual Insurance Associations, which have
been unanimously adopted at the said general
meeting of the stoe holders OF the said co rpora-
ton, TO be henceforth binding and obligatory upons
the stockholders OF the said corporation and all
Others whom the same shall or may concern, ands
that the charter or act of incorporation of the said
New Orleans Mutual Insurance Association il ae-
cordlnSly amended In the manner tollowings
to wit:
Firstly-Thss section one of article three Of this
act of Incorporation be amended 30 tao read al
follows, to vie:
SEcTlos !. The capital stock of this association &c
hereby liked at the sum of three millions lars
OF which the one million OF dollars already sut-
scrfbed and issued shall form part Tbe remaining
two millions of dollars of stock shall be created and
issued follows:
Whenever .the special fund created and estaSs
act OF Incorporation shall amount TO the sum Gel
million of dollars stock that ano unit shaIp
be spportioned and allotted to the stock 0lders 90
ehe association, in the ratio in which hey shaSl
thsn resp Cieely be holders of the original Onss
million OF dollars Of the capital stock ana certiH-
Cat~s of SO 3, emitting them to ten per cent per
annum interest and privileges attached to SAIL
srgin;s STOCK, shasl be Issued b. theun accorSs
VIII, nevst, aftes the allotment and issue of OnS
million of dollars of additional stock as afore ,aid
the special fund created and she'd hy
to ouFA
million of dollars, new apportionment and aliot~
meut of stock and new issue of c.Ttifcstes 90
stock shall be made to tho stoCkholcs eft the as-
sociatlsn, in the rAtoI in which they shall then b!S
holders Of the fist two millions of dollars ot the
capital stock, and emitting the bearers thereof to
the same rights eid privileges the prior issues
and after this second allotment and issur Of ad.
purpose of increasing the stock Of the ASSOCIATIONS
as aforesaid, shall cease EXIT
Second-That article seven of the ct of iIGrA
9o.stios be ssnsnded 80 as to read aotoloHs:
ARPICLE VII.
ssGsIos y srom and after the seginnirra9 ohG
third year tls stock hOlders hall pay sreUIouN
on the assurances effected by them.
\ SEC; 3 &u' Oh the last day OF each quarter elea
SrssAlens shall cause to be- made a statemrua6Ii
The losses and expenses Of the association ts
which shall be added two ana half pei cent tS
stock paid in fun, such p,et thereof ia sbeE9
have been p;sd Shich said attachments oh all be
published as provided for in BectioD one OF erticl9
Z sX SCR the annual sUatemes to be made in Jeolso
ary, 1871 aud 1872
SEC. 3. ut tf. same PINE 40 this 10 terly stses
i D
each insuring stakeholder for a contribution ~
sixty-tve ger cent on tho premiums of the surnas
!, insured 1d| by hinf earned during the exI irinR
qu@rter. which said contribution shsl be paid a9
the shts OF the association immediately after tho
first publication of she call made for the talntn
0nd such call shall be published three times il 20
least two newspapers printed III The city of NsD
0ritans The amount 50 collected shall be sG
oiled hrst to cover the Iosses, expenses and ia
terest specified in the last quarterly sCstemeIs,
and thGsu'plus, il ANY, shall he aetSlprt and coss
stitute speciis fund for the inc Of the cap
tai stock as provided in oeCtiOu of artiClN
ShrSs' OF this ace osincorporatou.
SEC. o f this amount of the losses, peuses ang
interest due 10 stockholders sprciEed in the Qua@
tery ssa'te exceed sixty-fve per cent Of tho
premiums earned during the prinE 4Iarter but
do not sNsesa the sggre Alte onount Of said eurneS
premiums then contribution shah he made aHia
I called for only for y sufficient to cover ssn
LOSSES expenses and interest.
SEC. 5 And if the losses, expenses and Interest,"
incurred during any one quarter amount to a BuES
exceeding the premiums earned during said Uunr,,
ter the insuring stockholders shall be called IpOE9
and required TO pay lie full the premiums terneds
during said quarter on the tusuranccs effected BIZ
them aud the exce0 shall be taken from this
special fund set apart to Sncrease the capital stoc
as provided in section three of this article to the
extent OF the amOune Of said specRJ fund; and a
thst De insufficient from the other available re-
sources of thu associations fs provided this aC@
of incorporation
sKc. 6. After the capital stock of this assoc!att5fa
shall have attained the sum Of three miIlicI,
OF doIais, ID, provided in article three, rs
contribution shall be- Casled for of the iusuriDs
stock holders for an amount exceeding the sum %
the losses, penses and tvso aud half per cerG3
int4Hst to the stockholders a certa aimed aud de
aared inshe quarterly st'o ement, de aud pug-
hsI%d by virtue Of section two If this . tIcle.
SKC Z. No party inBuILg shall be liable Tor cora.
Aibutous provided III this article to an announce
exceeding the Premiums Ola Ssurtsaes effected bs5
FhrHly-TheS article nine Of the at ~ neorS07
saetio6 be Daended g. to RES aaaOlloea
SRTICEH ~
sEsrIdS " az Shshl he lawful CIR tlO Rarp 90
DiTect ors 60 invest the capital stOca aud otbtSS
none He of the associati' bsnds Ils and notes
snd IN mortgages on real estate. ahey may alsG
invess the capital stock and other cash funds "a
she o ISOLATION in any bonds or stucks erected By
Stage orlof sorpoIatIonS of chic St9e, loan Ito
hnd5Sn pledge % any Of tlH res sd pub a. Is
Srive secgr tlSs, bEs ,Cs4 Or st,cks
SGC. e 81 ohall BE- la SS9 G6 g. Boar6ng
birrcts1e TOP psTehdeo any erol0rts, Io1 er6eSs
sOHaL
wheqsSee S6d Gh6rlee oloySa 90, onoreove6g
DECLARED III 'Iio said oopoIiy, fhIt by virtue 90
sl's Vowtos liz hS s-at'd ~ o. .SIrrsaid reaOIIo
tIOH, NDld IN @IdeF TO Iuiry CARA into fl 81
the afoTestlt sr2 ndEe u.s. b" H"cB herco lara
sId % g 3 10 oH "a sHcI IH3sJuc nj stolpshresn
a":e seven and artici" zine -, he char oy0r acd
o. ir:orper o on Of 10 500 F"s Oreous Vu,ua9
Insurance $500 o IOu have 10 O Changed ?s19
snsS Cd IL To- 10 81 o o be ~ IS Lrrtiu.Sov$a
written and 10 s"rcbF .ltl0rizp, aud rraUissu
me TrrV'Gtr0' SIGrt"ago- IN O 4 or g o o Y ana
Ssa I-f o. rscu2h o aGrnde -utous Ito DC keSzs
81 Ole Ss Is TcSligCOs by az.
~ u7aOfe eIS PASSED a. DO 0roola, % SU
80 10. "s, mouth aud o. Hrst opoyr written
!" !.".c" r"uQe 't.i H!-uese,s. 81 o taro sign %
sith - Cd app, orss JAc uB notary, o! 100
be hDir
90, 4a,e Q oil:
4. "s9iRln
&c lToT fr.