New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-02-02
CORPORATIONS,
OBSERVATION-DISCLOSURES. ...........CHARTEk.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.

STATE OF LOUISIANA, CITY OF NEW ORLEANS.
Be it known, that on this thirtieth day of De-
cember 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
sa and peTsonay came and ap
herein sGtnE fer the LOUISIANA EQUITABLE
the of
1868, who declared that, pursuant to the above
eral meetings Of the stockholders Of said company
were convened and held at the office of said COM
M sp 20 SAID act
pcration; said meetings being held as follows, to
an a rne a nas On the third day Of
lish and French languages. published in the New
Orleans Daily Times and the New Orleans Daily
September, 1873 after thirty days notice. in the
EEglish and French languages. published in the
Daily Bee, and the third on Monday, the fourteenth
OF December, 1874 after thirty days notice in the
Negg DREAMS saa f ps published in the
Galiy bee-ail said newspapers being published
daily IN the city OF New Orleans
ANA that. at each of said meetings stoc khOlders
nololng and owning the whole of the stock pres.
ent and represented have voted for the adoption
poration, as the whole will more fully appear by
reference to . certified copy of the process verbal
OF said meetings, annexed to the margin Of this
And the said samuel Manning Todd. acting a.
AFORESAID. declared that by virtue of the powers
In him vested. and in order none fully to carry
into effect the said amendments and of cansinr
me same to be recorded. he does hereby publiciy
declare and proclaim the changes additions a.
teratlOns and notifications mate to the charter
Of the Louisiana Equitable Lie Insurance Con.
pany 10 be as follows, to wit:
Article third is amended 60 as to read az eo.
lows, to wit: ~ -'
ARTICLE III
sto ne IF me words official papers insert The
sand shares Of fifty dollars each Subscribers shall
Pay ti ten Per cent Of the amount subscribed a
said description. shall give their stock notes
Calls S!a on said stock notes may be made By the
qure provided, no call shall exceed five dolara
per sthare-thikty days published notice Of which
be made cfteIer that once in ninety davs This
increased stock shall be preferred stock: the
amount amour thereof paid in cash. and all future div.
uohIs As hereinafter named, to be- credited on said
stock notes. shall be entitled to eight per cent per
ann1m interest from the respective oates Of pay
be calculated to the first day Of January. in each
year and payable on the first Monday in February
stock shall be entitled to participate in the profits
OF tne company to the extent OF the same percent.
nsrv n H. aviaonds declared on premiums ordi-
and such profits shall be credited when declared
on the stock notes held by the company SO long a.
paid; Full paid preferred stock shall receiye div
dends IN cash. The preferred stock, to the extent
paid, shall be . first claim on the assets Of the
company, after the payment of its indebteaness.
Article fourth is amended so as to read as fol-.
lows, to wit: " "' W.
ARTICLE ".
The Board Of Directors of this comnanv IN and
liter the first day Of May next, 1872 shall Consist
u y; .tWensyfour members, six Of whom shall con.
'tltute quorum
Article seventh is amended SO as to read as fol.
Ows, to wit: AVN '' ~"
ARTICLE VII.
NJ, Sa1.er me words their Office therenn iusert)
me Board OF Directors shall also have mower tn
invest the amount of its reserve on premiums
'a IN spch places and States where the com.
,any shasL nave established agencies and branch
'oards OF Directors, in loans on unipcumbered and
~ proved real estate, or invest the same in bonds
ma N stocks created by under the laws Of the
Jared. N"'0 VOC" nc
Article ninth of the original charter, and amend.
aent thereof made on the eighth Of July 1870 ia
tr1cken out and the following substituted in lis
In the month of December in each vsar ~.
anu directors of the company shall
aaKe. OF cause to be made by the proper officera
airs of the Company which statement shall IA
erlned oy afdavits and filed with the pansrs NJ
n n company Tor examination and information, Of
II parties interested; first statement 20 Le nre
e ee 10 the regular board meeting in Jannarv
no m; an actuary calculation of the net reserve re-
ulIed on poncles in force, determined hv tba
merican table Of morality and six per cent Tt .uo
,. shali also Dc presented to the regular board
ne duty of the board to set apart from tbs sae
,r.1n Sunci NJ amount to cover the net re-.
'rve required by insurance law. accor dES %
10 American experience table of morta,v ns ~
or cent interest Vi na'i edhty, and s,x
Second-A sufficient amount to nav .ba ;n..,...
o preeIred stock as set forth in art icie third
e va ner cum nt amount to pay an interest
"a .. per cent per annum On all the Or1einaI Al,
aid stock Of the company interes, ~ na sa. iua '
Tad INC nrst OF January, 1875 and to be calcu 4
,vah Sieariy rom January 10 January, and to be
ar ana ~ :; me hrst Monday in February of each
Is been oeo apart and the interest herein named
nv az proVlded Tor, that the profits OF the cnu,.
ny ny 10 exceed it's losses by more than ten Ne,
ard ., s capital stock, then, at said January
care such dividend to be paid on nrsrc;n s.sa
~ taa s Pohcles Of three or more years standno
~ ciedlts 10 be entered pre- feTred s%ncE Mnt.
oividends paid on full paid preferred stocE 81
sable but II f. sba .n'fd as they may deem ad
~ o1ceSa losses BY more than the said ten nsr
~, ho olvldends shall be declared WIZ ~
nus nus gone and passed in nv Office at thoc ;+v
Nv Orieans state of Louisiana afore said On
presence Of Me..Sys year nrst above written. and
Div na monges, competent Witnessed VINO sign
)rioinai s; VIII saio appearer ard rne notary
SAMUEL N. TODD,
L. NJ DUCROS
A. MARMONGET
NJ. T. DUCROS,
Notary Public
e J1y me foregoing to be true copy of the
70" orleans, December 90 1874
n. T. DCCR0S. NotaryPubHc.
; =; the undersigned. deputy recorder Of mort.
{ the pH,sn a. 81 0rie es DO hereby certify
~ ofnce, In book No. 1l8, folio SO MI asU
70" OfAeans, december 81, 1874