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![handle is hein.slavery/ssactsla0440 and id is 1 raw text is: and investinents,. and moneys received from other sources than.
premiums. This fund shall not be touched except for the payment
of losses after the premiums and all other cash means have been
exhausted, unitl said fund shall. amount to three hundred thousand
dollars; after which, it shall be lawful to appropriate the same as
the Directors may judge expedient, but the said fund to amouit of
three hundred thousand dollars, shall always bc held as a protec-
tion for the capital as well as the assured.
apital stock S90. 10. Be it further enacted, do., That the capital stock of
er- said company shall be considered personal property, and shall be
now andurnder transfei'red according to such rules and under such restrictions as
the same may the Board of Directors may prescibe; no holder of which shall be
be transferred. allowed to transfer, the same whilst indebted to the company; nor
will such transfer be valid until such indebtedness, whether due or
not, is otherwise secured to the satisfaction of the Directors. The
company shall also have the right to requird the payment of all
premiums,'notes, accounts and other indebtedness, from persons in-
suring with said company, before they shall be bound to payto
them, or parties holding under, by reason of any assignment or
transfer, the cash pro rata divideid to which the parties would oth-
erwise be entitled, any law of this State to the contrary notwith-
standing.
5t~a frer he SE. 11 Be it further enacted, ccc., That the Board of Directors
ter. shall have the power to declare what number of their own body
shall be competent for the transaction of business, and shall have
Offs, and the power to appoint such officers, clerks and servants under them,
to.5 as shall be necessary for executing the business of said corporation,
and to allow them such compensation for their services as shall be
y-Lw** reasonable; to ordain and establish such .by-laws, rules and regu-
lations as they may deem necessary and, convenient for the govern-
meat of said corporation, not being contrary to this Act, nor to the
constitution and laws of the United States or of this State.
Whenatis A Sue. 12. Be it further enacted, &c., That this Act shall be in force
take eet. from and after its passage. W
Speaker of the House of Representatives.
WM. F. GRIFFIN,
President pro tem. of the Senate.
Approved March Ith, 1857,
ROBERT.C. WICKLIFFE,
Governor of the State of Louisiana.
A true copy,
ANDasw S. ANDREW,
Secretary of State.
No. '14.] AN ACT
For the relief of George H. Wells, of the city of New Orleans.
SEctroN .1. Be it enacted by the Senate and IHowe of Repreufnta-
800 tobe dt litea of the State of Losieaiiain Gnenri Asucmbly convened, 'I hat
o.. wlt. the Auditor of Public Accounts .be and he is hereby authorized to
pay to George H. Wells, of the city of New Orleans, the sum of fif](ViewImageLocal?handle=hein.slavery/ssactsla0440&div=1&collection=&method=preview&ext=.png&size=3)