New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-01-27
CORPORATIONS.
CHARTER......... ......"....CHARTER.
STATE OF LOUISIANA. CITY OF INV oRre.rs

cemoer. in the year ono thousand eight Rundre
notary public in and Tor the CITY sna par.b os
Orleans. state Of Louisiana, Aforesaid. duly c"u
Samuel s.nnnRP Tosa and
h hfFfn :i!af tsF 'sH ISTs
before sa me, notary, on the twenty fifth Of March
1853. who declared that, pursuant to the abov
eral meetings Of the STOCKHOLDERS Of said compsn,
were convened and held ut the Office of said com
an ey for tns v:ug
poration said mee,inge being held 20 follows, t.
VT; The ,I first on Wednesday: the third day O
lish and French languages published in the New
Orleans Daily Times and the New Orleans Daily
sr sh1 Ssys neses dn n
New Orleans Daily Pic.yane and the New Orleans
OF December 1874, after thirty days notice, in the
english and French languages. pubished in the
Daily Bee-an said newspaDers being published
daily in the city Of New Orleans
holding and ornnr q hs 1hos or
ent and represented have voted for the adoption
or the amendments proposed to said act of moor
poration, 40 the whole will more fully appear by
reference to certified copy of the process verbal
OF said meetings. annexed to the margin Of this
Aud the said samuel Manning Todd, acting as
aforesaid. declared that BY virtue Of the powers
effect the :s Of
the same to BE- recorded. he does hereby publicly
declare and proclaim the changes, additions. al
Of the Louisiana Equitable Life Insurance Com.
pany to be ~ follows, to wit:
ARTICLE ILL.,
after the words "ofcial papers" insert) Tho
sand shares, Of 6fty dollars each Subscribers snail
pay ten per cent Of the amount subscribed, at
0uOeCr1DG1On. va hair tnob
Calls on said stock notes may be made by the
directors. from time to time, necessity may re-
qu:re provided, no call shall exceed five dollars
per shsre-thirty days published notice Of which
shall be given; provided, also, that calls shall not
increased stock shall be preferred stock: the
amount thereon paid in cash. and all future div.
stock notes. shall be entitled to eight per cent per
Annum interest from the respective dates of pay.
ments, OF dividend credits. which interest shall |
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 percept
age 40 dividends declared premiums on ordi. |
and such profits shall be credited. when declsred'
on the stock notes held BY the company. long az
ssid STOCK nots' or any part thereof remains IN.
dsnds in cash. The preferred stock to the extent
paid, shall be 2 fret claim on the assets Of the
Article fourth 10 amended as to read a. fol.
lows. to wit:
The Board of Directors of this COMPANY. on and
afer the first day of May next. 1872 shall consist
Of twenty-four members, six OF whom shall con.
Article seventh IL amended 90 - to read az fol-
lows, to wit:
ARTICLE VII.
(After the words their Office therein" insert, |
The Board Of Directors shall also have power to
invest the amount of its reserve on premiums
earned IN spch places and States where the com.
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
qu,red.
msnt thereof made on he eighth Of July. isTo. IA
stricken out and the following substituted in ito
In the month Of December, in each year. the
pfosdeu. aud directors Of the company shall
make. or cause to be made by the proper ofiicers
OF the company. an annual statement of the af. | .
fairs of the company, which statement shall be I
verified by sfidsvits and fled with the papers Of
the company for examination and information Of
all parties interested first statement to be pre-.
sented to the regular board meeting in January |
1876 an actuary calcu alton Of the net reserve re-.
American table of morality and six per cent inter
est shall also be presented to the regular board :
the duty the board to set apart from the assets
ot the company
First-A sufficient amount to cover the net re-
,erve required BY insurance law. according to
me american experience table Of mortality aud si1
per cent interest. |
Sscond-A sufficient amount to pay the interest =
IN the preferred stock set forth in article third
Ihlrd-A sufticit Mt amount to poy an interest |
u nve per cent per annum on all the original full q
2aid stock OF the company, interest to commence
rom the first of January 1875, and to be calcu.
atec yearly from January to January and to be ~
payable on the first Monday in February of each 8
rear and If 1t shall appear after the net reserve
,as been set apart, and the interest herein named
las been provided for that the profits OF the com.
'any do exceed it's losses by more than ten per
ent OF its capital stock. then, ut said January
'oaru meemngs, the president and directors shall
MUTUAL policies OF three or more years standing,
md credits to be entered pre- erred stock notes
Y dividends paid on full paid preferred stock as 81
ct forth in article third, they may deem ad. 81
sable; but II 1t shall appear that the profits do T
ot exceed losses BY more than the said ten per tt
ent, no dividends shall be declared.
I New Orleans State of Louisiana Aforesaid. on II
he day. month and year first above written and b,
a presence of Messra Louis NJ. Ducros and An
Few MarmOnget. competent witnesses, who sign | q
SAMUEL NJ. TODD ii
L. NJ. DUCROS,
A. MARMONGET III
NJ T. DUCROS, Il
Notary Public. IL
riginal act extant in my current register di
New Orleans, December 30 1874. re
N. T. DCCROS. Notary Public. p1
I, the undersigned, deputy recorder of mort NJ
ages for the parish of Orleans. do hereby certify
lst ths foregoing act was this day duly recorded
my office, Ill book No. liz. folio $50 and seq. st
. C. DARCANrEL. :
jars 20 fe| y 10 Deputy Recorder.
IN BANKRUPTCY. q