The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1912-05-24

a new commissioner, in the same
manner herein provided for the cleo
ton of the original liquidation COM
missioners.
ARTICLE VII.
This act of incorporation may be
modified, amended, changed or alter
ed, or this corporation may be dis
solved with the assent of three quar-
tiers of the members, convened for
such purpose and after notice thereof
shall have been given in the time and
manner herein provided for elections
and members meetings, provided that
a copy of such notice shall be mail
ed to the last known Post Office ad-
dress Of zach member, at least for
ty days prior to such meeting.
ARTICLE VIII.
Every person who shall be or be-
come a policyholder of this company
shall be a member thereof during the
time such policy is duly in force n
no longer. Every person who shall
become a member Of this corporation
by effecting insurance therein shall.
the first time such insurance is at
fected, and before receiving the poll
cy therefor pay the rates required
by the company thereon. No mem
Der shall be liable for the contracts.
faults, losses or expenses Of this cor
poration beyond the amount of pre-
MUM which he may agree to pay the
said corporation.
The Board of Directors shall, on
the first business day Of January
1914, or within sixty days thereof,
and annually thereafter, cause a
and annually thereafter, cause a
statement to be made of the affairs
of the company; and if, after paying
all losses and expenses of the said
company, and providing for Outstand-
ing risks for the year preceding
same, and providing for all reserves
and other liabilities, there remains a
surplus, each member shall be EMIT
led to such a proportion of the said
surplus as the cash premiums paid
by such members may bear to the
aggregate surplus SO declared; h
statement so made shall be binding
upon all persons entitled to receive
certificates as hereinafter mentioned,
for the proportionate share of each
member SO ascertained, a certificate
shall be issued declaring him or
lueIl W NC cullIlcU " ouSA q POltiOA
Of the accumulated capital of the
company, such certificate Or certif-
Gates to be construed and governed
as hereinafter mentioned; but no GER
tificate shall be redeemed or paid OF
until the surplus over and above all
other liabilities, contingent or other
wise, shall amount to two hundred
thousand dollars. Whenever said
surplus shall exceed two hundred
thousand dollars the exces shall be
applied from year to year toward the
redemption of each years certifi-
Gates in whole or in part, but the GER
tificates of any subsequent year are
not to be redeemed until those of a
preceding year are provided for; the
Board of Directors may at their dis
erection declare and pay interest a
such certificates at a rate no e0-
ceeding eight per cent per mum.
No more informality i'll the organa.
zation of this corporation shall have
the effect of annulling this charter.
And that at said meeting of stock
holders, it was further resolved, that
the said F. E. Girarl and J. P. Co
lomb should incorporate amendments
to the Charter Of the said Latin
American Life and Casualty Insur-
ance Company, in Notarial Act, for
the purpose of carrying out the reso-
lutions adopted It the said meeting
of stockholders, and annex to the
utes Of the said stockholders,
meeting containing the resolutions
adopted by said stockholders at said
meeting: and the said appearers hav.
ing requested me, notary. to put said
amendments in authentic form, I -
by these presents receive said amend
ments in the form Of this public act
to the end that said amendments
may be recorded and published and
thus be read into the aforesaid orisa-
nal Charter passed before O. p. 0uH-
beau, Notary Public. on the 18th dav
Of September, 1910.
Thus done and signed in my once
1t the City Of Lafayette. State q
Louisiana, on the day and date here
in first above written, in the pres
ence Of L. Gankendorf and e. Mouis-
oct, competent Witnesses, of lawful
, age, who hereunto sign their names
with said appearers and me notary,
after due reading Of the whole.
Original Signed)
;. F. E. a1RARD.
]. p. COLOMB.
i WITNESSES:
Original Signed)
L. GANKENDORFF,
e. MOUISSET.
(Original Signed)
Il j. F. JEANMARD,
! Notary Public.
State Of Louisiana,
! Parish of Acadia.
!, l hereby certify that having exam
ined the above and foregoing Act
passed before J. F. Jeanmard, Nc.
, tary Public, this the second day Of
May, 1912, amending the Charter Of
incorporation Of the Latin American
|, Life and Casualty Insurance Com.
. pany, of Lafayette, Louisiana, which
was passed before o. p. Guilbeau.
! Notary Public, on the 18th day Of
: September 1910. and recorded in Of
!. flee of the Clerk Of Court Of the Par
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