The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-09

I'll UT NEW oNIEiNS.
BE IT KNOWN. that on this ninth day 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 OF America, the one hundred and
thirty-fifth; before me. Edward Rightor
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, ayailing themselves of
the provisions of the laws OF the State OF
Louisiana, they have covenanted and agreed
and do by these presents covenant and agree
and bind themselves, as well as such per-
sons who may hereafter become associated
with them, 10 form themselves into and con
stitute corporation for the objects and
purposes and under the Articles as follows,
to-wit.
ARTICLE l.
The name and title of this corporation
shall be PROGRESSIVE HEALTH < ACCI-
DENT COMPANY, and by it's corporate name
IL shall have power and authority to have
and 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
purchase. convey, pledge, mortage and ex-
change property, both real and personal {;
TO name and appoint such managers, direc-
tors, officers and agents the interests and
convenience of the corporation may require
and 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 il are here
declared to be: That form OF mutual as
| sessment insurance business known as In
| dustrial Life Insurance, for which stipuat
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
for sums of five hundred dollars or less on
| a single life, or which policies or benefit
| certificates provide a 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 w.
All Of the corporate powers of this cor
p0ratiOn 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 pol
ley or benefit certificate in the association
They shall hold Office for five years or unit
their successors are elected and qualified
and shall be elected at meeting called fol
hnN hnIl AN h. h,.IlA 81
policies or benefit certificates of this cor
poration, each holder of a certificate beinl
entitled to one vote, either in person oil
written proxy, the first election to be held
on the first Monday Of April, 1916, anC
every i've years thereafter. The board o.
directors shall hold bi-monthly meetings anC
shall from among their number chose an
nually a president, vice-president and
secretary, and such other officers as tn,
said board OF directors may elect.
Until the first election the following nam
ed persons shall constitute the first boar,
Of directors: Fred. A. Earhart, John B
Sheehan, Robert Hailes, John S. Hayman
and f. J. Wetta, and they shall hold ofic,
until their successors shall have been dull!
A. Earhart, as president, the said John h
Sheehan, as vice-president and the SAT-
Robert Hailes, as secretary. Any vacanc,
Occurring in the board shall be filled by tn
remaining members of the board at thei
bi-monthly meeting.
ARTICLE V.
This Act of Incorporation may be chang
ed, modified or altered, or this corporation
may be dissolved at a general meeting of tn
holders of policies or benefit certificates
convened for that purpose, with the cOnsen
OF two-thirds of those present, In person o
by proxy. at such meeting, and in the even
Of dissolution the affairs of this corporatiO
shall be liquidated by two commissioner
. to be elected at the meeting which decide
to liquidate, by a vote Of the policy holder
or benefit certificate holders. All meeting
OF the members of this association shall b
held at the dOmlcile OF the association, afte
ten days notice by publication in one of til
daily newspapers published in the Englis
language In the City Of New Orleans. an
at all such meetings each holder of a polio
or benenI certificate shall be entitled to on
vote, either In person or by written proxy.
) ARTICLE VI.
= No member Of this association shall eve
e be held liable or responsible for the col
( tracts or faults Of this association, in an
: further sum than the unpaid balance dI
lon his policy or benefit certificate und,
| his contract, nor shall any mere informalit