New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-01-31
CORPORATIONS.
NHARTER......." .........:. CHARTER
STATE OF LOUISIANA, CITY OF NEW oRI.xAr.E.

STATE OF LOUISIANA, CITY OF NEW ORL.KA1E.
Be it known, that on this thirtie,i Day Of -
and seventy -four, before me, Marcel r. Dnoeos .
notary public in and for the city ana parish u Nsv
missiened and sworn personally came and a1-
peared Samuel Manning Todd; president Of ard
hFs sn T sss
ganzed under the laws Of this State per act passeA
before i me, notary, on the twenty.ffth Of March.
mentioned act of Incorporation, three several goa-
eral meetings Of the stockholders Of said compaET
were convened and held at the office Of said cen-
certain amendments proposed to said act of incoR>
poraton; said meeting. being held as follows. e.
Wit the first. on Wednesday, the third day 81
January, 1872 after thirty days notice in the kng-
lish and French languages. published in she Kew
Bee; the second on Tuesday the sixteenth day a.
Stptember 1873, after thirty days notice, In W.
ssT osans a2 sa I, the
Daily Bee, and the third ON Monday, the fourteenth
Of December. 1874, after thirty days notice IN the
New Orleans Daily Picayupe and New Orleans
Daily Bes-all said newspapers being published
daily in the city of New Orleans.
And that at each of said meetings, stockholasrs
holding and owning the whole Of the stock prse-
emit and represented have voted for the adcpt:np.
OF the amendments proposed to said act Of 1ncpr-
porafion, as the whole will more fully apptt,r Ny
reference to certified copy of the process rtrt,11
of said meetings, annexed to the margin ~ tlrLs
And the said samuel Manning Todd acting ma
aforesaid declared that by viitue Of the ls,waus
into effect the said amendments, and Of causing
the same to be recorded, he does hereby pnl2ic@S
declare and proclaim the changes addtlsins. M
teratiOns and notifications mace to the char sxs
of the Louisiana Equitable Life Insurance Cans-
pany to be as follows, to wit:
Article third is amended SO as to read zs iss9.
lows, to wit:
ARTICLE ILL.,
(After the words official papers" inserty T'srr
}nefpaapd
sand shares Of fifty dollars each. SubscribeYs NJ, IA
pay ten per cent Of the amount subscre4 4. 1sa
the time OF subscription and for the renal sai OF
said subscription, shall give their stock r,oseA.
Calls on said stock notes may BIO made ass tha,
qu:re; provided no call shall exceed five dpiiaye
per share-thirty days published notice o. which,
shall be given; provided, also, that calls shaa nus
be made oftener that once in ninety days. Thi.
amount thereon paid in cash, and all future ,sivi-
dends, as hereinafter named to be credited tsi
stock notes, shall be entitled eight per cs nj yer
annum interest from the respective dates oil p.,s-
DO calculated to the first day Of January, In eaeas
year, and payable on the first Monday in Fsorua2y-
commencing in February, 1876: All said pzeSss,se
stock shall be entitled to participate in this IrStte
Of the company to the extent OF the same percsnt-
age % dividends declared on premiums IN ords-
and such profits shall DO credited, when declarsI,
on the stock notes held BY the company, solOn9 a.
pd pad os ss
denss in cash. The preferred stock, to tho extent
paid, shall be q fret claim on the assets Of eho
company, after the payment OF its indebte,innAs-
Article fourth ia amended SO as to roai M 1os
lows, to witt
ARTICLE w.
The Board Of Directors of this COMPANY On ausE
after the first day of May next, lS72 shall conaea
OF twenty-four members, six OF whom shah esGs
stitute quorum.
Article seventh is amended so as to read a fol-
lows, to wit:
ARTICLE VII.
tAfter the words their Office therein inseuts
he kna infn hall a1u lavx
invest the amount OF its reserve on pveu,i.zrne
earned in such places and States where tho com
pahy shall have established agencies and branch
Boards Of Directors, in loans on unncumbered Aad
improved real estate or invest the same in bOe,i3n
ana stocks created by or under the laws Of aha
States where such premiums shall have been &C
qalred.
Article ninth of the original charter, and ams.a-
ment thereof made on the eighth of july, 1873. is
stricken ont and the following substituted in IN
lieu and place:
ARTICLE TX.
IN inc month OF December, in each year, the
president and directors of the company shnI,
maze. or cause to be made by the proper ofYice,x
OF tne company, an annual statement Of the r.
1a'rs OF the company, which statement shan Be-
Nerlned by athdavts and filed with the peperp ~
the company for examination and inform al ION OF
an parties Interested; first statement to DO pro
senttd 10 the regular hoGrd meeting in Januaxy
1910 an actuary calculation of the net reserve ~.
CURED on policies in force, determined by tia
est snail also be presented to the regular boasa
meeting In January of each year, and 1t shah o.
w duty OF the board to set apart from ths asssts
Orthe panv-
First-A sufficient amount to cover tho net ~
serve required by insurance. law, according to
tne A:ercan experience table of mortality, and nj:
per cent interest.
Second-A sufficient amount to pay the interoe.
on The preferred stock set forth in article third
Ihirt-A sufficient amount to ply interest
OF hSe per cent per annum Oh all the original fn-
pad stock of the company interest to Commence
lated yearly from January 10 January and 70 b,
payable on the first Monday in February Of each
year, and If 1t shall APPEAR after the Des Yoseava
has been set apart, and the interest herein named
has been provided Tor, that the prOit3 OF th6 conn
paDy do exceed its losses by more than ten pes
cent Of its capital stock, then at said JanI,ssrr
board meetings. the president and d5eetrn 49,
declare such dividend to be paid on premiums or
mutual policies OF three Or more years STANDING.
or dividends PAID on iuil paid preferred stock 81
set forth in article third, as they nav sFeenn -
visabie but If 1t shall appear that the profits ssp
not e1ceen losses Dv more than the said tan No.
cent, no dividends shall be declared ~ fS
K Nus @ % ana Passed Ia my office, at tie city
sLs da wH7Ssate OF Louisiana afore said. ON
drew Marmonget, competent witneeses' who .irr
Orianai s WIN SAID appearer and me- notary.
SAMUEL N. TODC,
L. II. QUCROS,
A. MARMONGET
MT. DUCROS,
Notary Pubic
orlgnai act extant in my current register
new Orleans, December 30, 1874
M. T. DUCR0s. Notary snsA,ie
!, the nndersigned. deputy recorder Of mad.
ESges tor the parish Of Orleans do hereby ceefiSx
in my office, IN book No. Ils, folio 50 sn3 ~
,.,o,e.,o,s G. DAacAsrx1,
deputy Recvrdsa