The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-02

CITY OF NEW ORLEANS
BE 1T KNOWN. that on this ninth dav Of
the month of April, In the year of our
Lord one thousand nine hundred and eleven.
and OF the Independence Of the United
states or America, the one hundred and
thirty fifth; before me- Edward Rigbtor,
notary public, duly commissioned sworn
and qualified, in and for the Parish of Or
leans: state OF Louisiana, therein residing.
and in the presence of the witnesses here,
matter named and undersigned: personally
came and appeared. The several persons
whose names are hereunto subscribed who
declared that they are citizens Of the Unit
ed States and residents of the State OF
Louisiana, and that, availing themselves of
the provisions of the laws of the State of
louisiana, they have covenanted and agreed
ana 90 Dy these presents covenant and agree
and bind themselves, as well as such Der-
sons who may hereafter become associated
with them, to form themselves into and con
suIute corporation for the objects and
purposes and under the Articles as follows
tO-wit.:
ARTICLE
The name and title of this corporation
shall be PROGRESSIVE HEALTH < ACCI-
DENT COMPANY, and by its corporate name
II shall have power and authority TO have
ana enjoy succession for a period of ninety
nine years from the date hereof: TO con
tract, sue and be sued, to make, have and
Use corporate seal and the same to change
or alter at pleasure; to hold, receive lease
x
change property, both real and personai :.
TO name and appoint such managers. direc-
tors, ofhcers and agents as the interests and
convenience OF the corporation may require,
ana TO make and establish such bylaws for
the management and regulation of its affairs
and business as may be necessary and prop
er, ana the same to change or alter at pleas
ure.
ARTICLE II.
The domicile of this corporation shall be
IN the CITY OF New Orleans, State of Louis
lana, and all citation or other legal process
shall be served on the president, or, in his
absence, on the vice-president.
ARTICLE III.
The object and purposes for which this
corporation is organized and the nature of
the business TO be carried on by it are here
declared TO be: That form of mutual as
sessment insurance business known as In
dustrial Life Insurance, for which stipulat-
ed premiums, advance assessments or dues
are regularly payable and collectible at any
stated term less than a month apart, and
for which additional assessments may be
levied as may become necessary, and the
policies or benefit certificates for which are
Tor sums OF i've hundred dollars or less, on
single life, or which policies or benefit
certificates provide weekly cash benefit for
disability caused by sickness or accident of
twenty dollars per week or less, or which
provides for the attendance of a physician
al
ARTICLE ".
All of the corporate powers of this cor
poration shall be vested in and exercised
by board of directors, to consist of five
members, all of whom shall be citizens of
the United States and the holder of a pol
Icy or benefit certificate in the association.
They shall hold Office for five years or until
their successors are elected and qualified,
and shall be elected at a meeting called for
Of hn hnId -
policies or benefit certificates of this cor
poration, each holder of a certificate being
entitled to one vote, either in person or
written proxy, the first election to be held
on the first Monday of April, 1916, and
every five years thereafter. The board of
directors shall hold bi-monthly meetings and
shall from among their number chose an
nually president, yice-president and q
secretary, and such other officers as the
said board of directors may elect.
Until the first election the following man,
ed persons shall constitute the first board
OF directors Fred. A. Earhart, John b.
Sheehan, Robert Hailes, John S. Hayman,
and f. ]. Wetta, and they shall hold Office
until their successors shall have been duly
elected and qualified, with the said Fred.
A. Earhart, as president, the said John B.
Sheehan. as vice-president and the said
Robert Hailes, as secretary. Any vacancy
occurring in the board shall be filed by the
remaining members Of the board at their
bi-monthly meeting.
ARTICLE V.
This Act Of incorporation may be chang
ed, modified altered, or this corpora ton
may he dissolved at a general meeting of the
holders of policies or benefit certificates
for that purpose, with the consent
of two-thirds of those present, in person or
by proxy, at such meeting, and in the event
Of dissolution the affairs of this corporation
shall be liquidated by two commissioners
to be elected at the meeting which decides
TO liquidate, by vote of the policy holders
or benefit certificate holders All meetings
Of the members of this association shall be
held at the domicile Of the association, after
ten days notice by publication in one of the
daily newspapers published in the English
language in the City of New Orleans, and
at all such meetings each holder of a policy
Or -benenI certificate shall be entitled 10 one
vote, either In person or by written proxy.
ARTICLE VI
No member Of this association shall ever