New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-01-20
CORPORATIONS.
CHARTER......... ............CHARTER.
STATE OF LOUISIANA, CITY OF NEW ORLEANS

| oIaIE OF LOUISIANA, CITY OF NEW ORLEANS.
Be it known, that on this thirtieth day Of De.
cemher. in the year one Thousand eight hundred
notary public in and for the city ana parish Of New
Orleans, State of louisiana aforesaid, duly COM
Peared Samuel Manning Todd. president Of and md
ssG!inE fer the L0gIsIANA EQUITABLE
Hsieie v %e notary on the q Msroh
| eral meetings Of the stockholders of said company
we're convened and held at the office Of said com
certain amendments proposed to said act Of incor.
Poration; said meetings being held as follows to
January 1872 after thirty days notice in the EnS
n sh and french LANGUAGES published in the New
Bee the second on Tuesday the sixteenth dav H cf
September, 1873, after thirty days notice. in the
and Pssne the
Daily Bee, and the third Monday. the fourteenth
Of December. 1874, after thirty days notice. in the
New Orleans Daily Picayune and New Orleans
Daily Bee-all said newspapers being published
And that. at each of said meetings, stoc kholders
holding end owning the whole Of the stock pres
of the amendments proposed to said act Of incor-
pOratiOn, as the whole will more fully appear hv
reference to certified copy of the process verbal
or SAID meetings, annexed to the margin Of this
act for reference.
And the said samuel Manning Todd, acting as
in him vested. and in order more fully to carry
into effect the said amendments, and of causing
declare and proclaim the changes, additions a.
teratiOns and notifications made to the charter
of the Louisiana Equitable Life Insurance Com
pany to be as follows, to witt
Article three is amended as to road as fol.
lows, to wit:
thousand shares, of fifty dollars each Subscribers
shall pay ten per cent of the amount subscribed at
said shall give ther s;ocs %ee ..
Calls on said stock notes may be made by the
directors from time to time as necessity may re-
quire; provided, no call shall exceed five dollars
per share-thirty days published notice Of which
shall be given; provided also, that calls shall not
increased stock shall be PREFERRED stcck: the
amount thereon paid in cash, and all future divi-
stock notes, shall be entitled to eight per cent Der
ann1m interest from the respective dates of pay
be calculated to the first day of January, in each
year, and payable on the first Monday in February,
commencing in February, 1876. All said preferred
of the company to the extent OF the same percent.
age as dividends declared on premiums on ordi-
and such profits shall be credited when declared.
on the stock notes held by the company so long a.
paid Full stock s rseeve dq
dends IN cash The preferred stock, to the extent
na1a snail Dc a., rst claim on the assets Of the
article fourth is amended SO as to read az fol-
lows, 10 Wit:
ARTICLE ".
The Board of Directors of this companv IN Ard
after the first day of May next 1872 shall consist
Of twenty-four members, six of whom shall con
Article seventh is amended 80 as to read al fol.
lows, to wit:
ARTICLE VII.
The Board of Directors shall also have power Tn
in such places States wb on Pre-
Pany shall have established agencies and branch
boards Of Directors in loans on unincumbered and
improved real estate or invest the same in bonds
and stocks created by or under the laws Of the
states where such premiums shall have been &C.
Article ninth Of the original charter and amend
ment thereof made on the eighth of July, 1870 is
st a, out and the following substituted In it's
ARTICLE TX.
In the month of December. in each year the
president and directors Of the company shaIl
make. or cause to be made by the proper ofacers
OF the company. an annual statement of the az
verified by sf1davits and filed with the psne1. OF
the company for examination and info formation Of
all parties Interested first statement 10 be pre-
scented to the regular board meeting in Januarv
ls7e an actuary calculation of the net reserve re-.
CURED on policies in force Determined by the
est shall also be presented to the regular board
meeting in January Of each year. and it shall be
" outy OF the board to set apart from the asseta
Frst-A sufficient amount to cover the net re-
serve required by insurance. law. according to
~,
per cent interest
Sacond-A sufficient amount to paw tho interest
inc preferred stock as set forth in article third.
Ihrd-A sufficient amount to pay an interest
~ I'VE PEI cent per annum On all the original full
paid stock Of the company, interest to Commence
nom Tie nrst OF January, 1875, and to be calcu-
lated yearly from January January and to be
laya1le on he first Monday in February Of each
year, and if it shall appear after the net reserve
mas he-n set apart and the interest herein named
asx en- provided or that the profits Of the
cent oil lis capital ttOck. then, ut said January
board meetings, the president and directors shall
.eciare such dividend to be paid on premiums orr
nutua poilcies OF three more years standing
and credits to be- entered pre- ferred stock notas
Dr. DIVIDE ads pad on full paid preferred stock "A
set ipith in ar,ic. third, as they NAV deem AL
Visate; but " 1t shall appear that the profits do
lot exceed losses bv more than the said tan ner
emf no dividends shall be declared
lhr9 done and Faseed in my office at tn. citv
y new Orleans State of Louisiana afO,, said On
ha DAY, month and year first above written and
II pre- srnte OF Messrs. Louis 81. Dnccos pnd An
re" d trmohget competent Witnesses who sigD
~ n a'1ee WIN said aDpearer AID me- notary
SAMUEL NJ. TODD
l.. NJ. DUCROs
A. MARMOSdhr
N. I. DCCROS
Notary Public.
certify tie foregoing be a true copy of the
T,snal act tStanf IN my cirreGt register.
NeH Orleans, December 50, 1874.