New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-01-23
CORPORATIONS.
,HARTEk......... ..CHAKTEH.
STATE OF LOUISIANA. CITY OF NEW ORLEANS.

| oIAIE Of LOUISIANA, Cili OF NEW ORLEANS.
Be it known, that on this thirtieth day of De.
cember, in the year one Thousand eight hundred
and seventy four before me. Marcel T. DucrOs {,
notary public in and for the city parish New
Orleans, State. of Louisiana, aforesaid, duly com
peared Samuel Manning Todd president OF and
eEsn aGlnS Tor 5hn LOUISIANA EQUITABLE
gained under the laws of this State per act passed
before me, notary, on the twenty fifth of March,
| 1868. who declared that pursuant to the shove
era meetings of the stockholders of said company
We're convened and held at the Office of said com
certain amendments proposed 10 said act Of incor.
pofatGn; said meetings being held as follows, to
January, 1872 after thirty days notice in the Eng
nsh and french languages: published in the New
Orleans Daily Times and the New Orleans Daily
| Bee; the second Oh Tuesday, the sixteenth day Of
september, 1873, after thirty days notice. in the
english and French languages. published in the
New Orleans Daily Picayune and the New Orleans
| Daily Bee and the third on Monday the fourteenth
OF December 1874 after thirty days notice, in the
New Orleans Daily Picayune and New orleans
! Daily Bee-all SAID newspapers being published
| daily in the city Of New orleans
| And that. at each OF said meetings stockholders
holding and owning the whole of the stock pres
| ent aud Represented have voted for the adoption
OF the amendments proposed to said act of moor.
| poration as the whole will more fully appear by
reference to certified copy of the process verbal
| o, o.. sara meetngs annexed to the margin OF this
And he said Samuel Manning Todd, acting as
%
IN nm vested: ami in order more fully to carry
| iEto effect the said amendments and of causing
the same to be recorded, he does hereby PUBLICLY
declare and proclaim the changes additions al
terations and notifications MATE to the charter
OF the Louisiana Equitable Life Insurance Com.
paiiy TO be 40 follows, to wit:
Arslcle three is amended so as to read as fol-
ARTICLE III
(After the words official uapers,, insert Tra
stock OF the company Is Increased four tbnu-
sano snares Oh nifty dollars each. Subscribers shall
the time of subscription, and for the remainder of
saln subscription shall give their stock notes.
Ja,s on sala stock notes may be made by the
quire; provided, no call shall exceed five dollars
per share thirty days published notice of which
shall be given; provided, Also that calls shall not
be made Oftener that once in ninety DAYS This
Increased stock shall be preferred stock: the
amount thereon paid in cash and all future diyi.
dends as hereinafter named to be- credited on said
stock notes, shall be entitled to eight Der cent per
nnt III lntsfes5 from the respective dates of pay
be calculated to the first day of January in each
year and PAYABLE on the first Monday in February.
commencing In February, 1876. All said preferred
stock shall be entitled participate in the profits
OF the company to the extent the same percent.
nary life mutual policies OF three years standing
and such profits shall be credited when declared
on n me stock notes held by the Company long as
saiG STOCK nOtes, or any part thereof remains I'm
PAD =; rn paid preferred stock shall receive dv
aends m cash. The preferred stock to the extent
company after the payne MT of its indebtedness
Article fourth is amended so as to read as fol-
ARTICLE ".
The Board of Directors of this company on and
aIter the hrst day OF May next 1872 shall consi.t
81 ,wen.s,iour members six of whom shall con.
!. Article seventh is amended 80 as to read as fol-
lows to wit: ~ "
ARTICLE VII.
,,( After the words their office therein" insern
Tue noard OF Directors shall also have power TO
lh'esV Ihe amount of its reserve on preniuma
D!Ac9E Matt 1,-I,,
parry snail nave established agencies and branch
; noaros " directors in loans on unncumtered and
real estate or Invest the same in bonds
anu STOCKS created by under the laws Of the
STATES where such premiums shall have been &C.
Article ninth of the original charter and amend
nent thereof made on the eighth oS July $50, is
SUI out and the following substituted in its
ARTICLE TX.
In the month of December, in each wear the
president and directors Of the comusnv shall
~ re- cl cause 10 be made by the proper officers
=. quo tothhpany an annual statement of the af-
iaifs OF the company, which statement sLaU La
eaineu ny anldaVlts ana filed with the papers of
the company for examination and Information of
all parties Interested; first statement to be- nre
Serted SEN 10 the regular board meeting in JANUARY
1910; AZ actuary calcu ation of the net reserve "a
CURED on policies in force, determined Nv +La
Ameilcan table OF morality and six DER cent inv
EST shall Also be presented to the regular hoard
meeting il January of each wear Ind - ai pPar 10
~ auIy or the board to set apart fron ne assets
' f, required by INSURANCE law accoraing 10
per cent interest. "a --'i '''i'5 aiu eA
o.Gohu-a shihclent amount TO nav the in+erest
~ be pfsierfd stock AS set forth in article third
:. .iIio-a suincltnt amount to nav an interest
,a,I -. ~ teHt per aurum al TIE original tull
in o1 the company, Interest to commence
.Iat .o Hrst OF January, 1919, and to be calcu.
"a 80 fioar!y from January January, and to bs
,as" 'ae W the hrst Monday in February Of each
a ,' anu II IL shall appear after the net reserve
% b on OCT apart, and the interest herein named
@ osi provided rof that the profits OF The C IN
~ ~ Exceed its losses by mora THAI ten Def
go VI ies capitai stock, then, at said January
~ 49, meetings., the president and dil ectors shall
I,alS eucif dividend to be paid on premiums on
mutual policies OF three or more years staining
~ oIeol's TO be entered pre- ferred stock notes
"a, ',siuehds paid on full paid preferred stock as
81 : ,1ith IN article third as tn.v NAV deem ad.
aoIt; OUT II 1t shall appear thai the nrofts do
W oAceti losses by mtre than the sal ten Der
en-, no dividends shall be DECLARED '1 W.
nus zone and PASSED III nv office at the CITY
h. Nv ans slate of Louisiana atore said on
!, nu 80, inohtn ana year first above written and
= presence ste OF Messrs. Louis 81 Ducros and An
Nv MAI ihohget competent witnesses who sign
ii mi names with said appearer and me notary.
original signed "AN A10'
SAMUEL n. TODD
l.. NJ DUCROS
A. MARMOEGET,
NJ. I. DUCRcS,
Notary Public
= Ger.iy the foregoing to be true copy of the
.Slhal act extant in nv current register
new orleans, December 30 1874
MI. Il Dt'CRnS public