New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-01-06
CORPORATIONS,
STATE OF LOUISIANA, CITY or NEW ORLRAp

cember. in the year one tnou6anO elSht hund,
and se yenty four, before me. Marcel I. Ducros
notary public in and for the city ana parish ofM
orleans, State of Louisiana. aforesaid, duly "a
mjsaiened and sworn. personally came and :,
peared Samuel Manning G%dGi pTssiq nf,0 !
IJFR INSURANCE COMPANY, y corporation duly
ganzed under the laws of this State per act pas,
before me, notary, on the fwenty-hfth Of Man
1868, who declared that, pursuant to the abb
mentioned act of Incorporation, three several n
eral meetings of the stOcEhO dois OF SAID c0mps
were convened and held at the office OF said "a
pauy in this city for the purpose or vSting ~
certain amendments posed 10 said act of Inc
poratiOu: said meetings being Deld as fOll0ws
wit: The first on Wednesday. the third day
January, 1872 after thirty days notice in the \
fish aud French languages, published IN the
Orleans Daily Times and the New Orleans Da
Bee the second OF Tuesday, the sixteenth day
Septem Der, 1873 after thirty days notice, int
English and French languages; published in
New orleans Daily Picayuue and the New Orls,
Daily Bee, and the third On Monday the fourteen
of December 1874, after thirty days notice, in
Erglish and French languages. published In
New Orleans Daily Picay une and New Orles
Daily Bee-all said newspapers being publisl
daily in the city of New orleans
Aid that. at each of said meetings, stoc khod
holding and owning the whole OF the stock p
emf and Represented have voted for the adopt
of the amendments proposed to said act Of inc
pOration, as tie whole will more fully appear
reference to q certified copy OF the process yer
of said meetings, annexed to the margin Of
act for reference.
Rnd the said Samuel Manning Todd, acting
aforesaid, declared that by virtue OF the pow
in him vested. and in order more fully to ca
into effect the said anendnents and OF caus
the same to be recorded, he does hereby publ
declare and proclaim the changes, add ious.
reratiops and notifications made to the char
of the Louisiana Equitable Life insurance %
pany to be as follows, to wit:
Article three is amended SO as to read a.
lows, to wit:
The stock Of the company 6 increased 4
Thousand shares of fifty dollars each. Subscrih
small nav ten per cent Of the amount subscribed
the time Of subscription, and for the remainder
said subscription, shall give their stock not
Calls on said stock notes may be made BY
directors, from time to time, as necessity may
qu:re; provided, no call shall exceed i've doll
per share-thirty days published notice Of VII
shall be given; provided, also, that calls shall !
increased stock shall be preferred stock; I
amount thereon paid in cash, ana all future q
dends, - hereinafter named. to DO credited ~ 4
stock notes. shall be entitled to eight per cent /
annum interest from the respective oates Of =
ments, or dividend credits. which interess e
be calculated to the first day OF January. IN e
year. and payable on the first Monday in FebruQ
commencing in February ,a876. ALI said prefel1
stock snail Be entitled to participate in the ~
of the company 10 the extent or the same pesol
age ~ dividends declared ON premiums oaeo
nary life mutual policies of three years eta1dlI
and such profits shall be credited. when deelasI
on the stock notes held BY the company. 90 long
said stock notes or any part thereof, remains I
paid: Full paid preferred stock shall receive y
paid, shall be first claim on the assets Of /
company, after the payment Of its indebtedneal
Article fourth is amended 30 a. to read 81
lows, to wit
aRrICLE ".
The Board Of Directors of this company, e62
after the first day of May next, 1872 shall 81
of twenty-fo four members, six of whom shol1s6
sttute quorum. III
article VII.
chs Boafaas Dipectors shall also have ri
invest the amount of its reserve on ~
earned in such places and States whore
paDy shall have established agencies and
Boards of Directors in loans on unincumbe4
improved real estaos, or invest the sAme IL
and stocks created by or under the laSspl
States whsre such premiums shall have ~
qulred. H.
Article ninth OF the original charter, aul(
ment thereof made on the eighth OF July
stricken out an& the following substitut
lieu end Slass
Pm ehU monsh of December, In each
president and directors Of the compG71
make. or cause to be made by the propaf
of the company, an annual statement q
Of b1 the rh sa S
the company for examination and lnfofl
all parties interested; frat statement -
sented to the regular board meeting IN
1876; an actIiary cslcu alton OF the not rBoo1VI
ouired on policies in force, deteFmined h1N
American table of morality aud six per cepa&
est shall also b. presented to the regnt
meeting il January Of each year. and
the duty of the board to act apart frou
Of the company
Pirst-4 sufficient amount to cover u
serve required by insurance law. aot
the American experince liable Of naortal1f
per cent interest. ~
Sscond-A sufficient smount to payy
IN the preferred stock - set forth In art1
Third-A sufici. MT amount to pay an
effive per cent per annum on all the org
paid stock Of the company, interest," to coJ
from the first Of January, 1875, and to
lated yeasrly from January 10 January, I'LL
payable on she first Monday in Februar
year, and il it shall appear after the ndS
has been set apart aud the interest here14
has been provided for, that the profits OF tbs &
pany do exceed its losses by more than teal
cent of its capital stock, then, st said jam
board meetings, the president and directors %
mutual policies of three or more years standi
and credits to be- entered on preferred stock no
or dividends paid on full paid preferred stock.
see forth in article third as they may deem
sisable; but il it shall appear that the profits
not exceed losse~ by more than the said ten
cent, no dividends shall be declared.
Thus done and passed in my office, at the CT
Of New OUlsans, State of Louisiana afore said,
the day, month and year first above written, q
in presence of Messrs. Louis NJ. Ducros and
drew MarmOnget, competent witnesses, who 81
Sheir names with safe appearer and me. notary
Original siSV&
SAMUEL NJ. TODD
d. NJ. DUCROS,
A. MARMONGETn
81. T. DUCROS,
Notary Public
ycessiG ene foregoing to be true copy Of I
original act extant in my current register.
Sew Orleans, December 20, 1874.
n. T. DUCROS, Notary Public
"A
=, she undersigned deputy recorder of mo
cages for the parish of Orleans DO hereby cert
that the foregoing act was this day duly record
III my office. IN book No. ll8. folio $50 and SELL
New Orleans, December 81, 1874.
c. DARCANTEL,
Jao 10 ~ u fe6 Deputy Recorder