The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-27
ARTICLE FOURTH.

All the corporate powers of this Company shall be
vested iD and exercised by the President, Superin-
tendent and Board of Directors composed of seven
Stockholders, including the President Each of the
Board of Directors in order to be eligible shall hold
in his name at least ten shares OF the Capri al
Stock Of the said Company. The officers of the Com
pany shall consist of President Secretary Super
ntendent and Inspector, VIII shall be elected annu-
ally and hold their Offices for the period of one
year. Until the first election, to be cid in the
month of December 1875 and until their successors
shall have been duly elected aud qualified, d. Ne
grotto Jr. shall be President, A. H. Pons, Vice
President; Charles H. Mill, Secretary; d. Leubrie,
Superintendent and DR.. Charles A. Stein, Inspector
The first Board Of Directors shall consist of the
following stockholders of the Company, to wit:
d. Negrotto Jr., Pierre Canterou, p COuteon,
L. Merz, A. H. Pons Joseph Smith, and d. Lenbr e.
The said Board shall continue in office until the
first Monday of the month OF December, in the year
Eighteen hundred and Seventy five and until their
successors shall have been duly cleo ed and qualified.
The President shall preside at all meetings of the
Board OF Directors and Stockholders OF the Cor
pany He shall sign all policies checks and certii
Gates, and generally do and perform all executive
required for the transaction of the business of
the Company. In case of the absence of the Presi-
dent the Vice President shall take his place. act in
his stead and exercise all his and functions.
The Vice President shall be the Chairman of the FL
Committee. 1t shall be the duty of the Super
ntendent to transact the business of the Company
appertanng to his department. He shall in con
junction with the Inspector, make monthly tour of
INSPECTION of the live stock insured in his Company
to observe their condition and t. eatment He shall
report any violations of the rules of the Company
and shall upon the death of any animal insured by
the Company, make careful inquiry, and ascertain
the nature and cause Of death. He shall appoint
all agents subject to the Presidents approval.
1t shall be the duty of the Inspector to examine all
animals offered for insurance. report their condition
and value, and in of death the cause thereof.
furnish such statements to the Superb tendent
and President of the Company. The Inspector, with
the Superintendent shall make monthly ;Oint in
spection of all animals insured in this company. The
Inspector shall also promptly attend with medical
surgical relief to all animals insured in the company
and which have been reported sick, and render such
aid until their restoration to health.
ARTICLE FIFTH.
All assurances effected in this Company shall be
upon the basis of two-thrds value or less, but no
insurance upon any single animal shall amount to
over one hundred and fifty dolla's. There shall be
specific amount stated upon each animal insured.
Upon the des tn of any live stock insured in this
Company, it shall be the duty of the thereof
TO give Immediate notice mot exceeding five hours if
occurring in the day. andffteen hours if happening
at night to the Company. The Inspector shall make
gid examination Of such deceased Live Stock in
gatng fully the cause of DEATH whether by acct
dent natural causes, cruelty or fraud, and no policy
holder shall demand claim recover from said Cor.
poration any payment of loss without first having
obtained and presented certificate signed by the
Inspector and Superintendent and approved by the
President of the Company.
IT