True American. [volume] (New Orleans [La.]) 1835-18??, 1837-04-03

AN ACT.
o incorporate the company of the Coonade Bath

| -, AN ACT.
10 incorporate the company of the Colonode no,h
and Institute of New Orleans.
Whereas L Plough, Richard O Pr;tch,rl
lanes freict, James H Caldwell, Thomas Sli.
dtll and their associates are DESTROYS of erectino
an establishment in New Orleans for public Bnt,,s
on new and extensive scale, and have annie
LOT an act Of incorporation to enable them TO
| accomplish this object with greater facility
Sec. l. Be it enacted by the Senate and House
OF Representatives of the State of Louisiana, in
general assembly convened, that the said above
named persons and others, their associates and
snccrsso'o, shall be body polite and corporate
by the name of the company of the uColonaJe
Bath and Institute of New Orleans,n and by TIM,
name shall be capable to sue and be sued TO mok
and issue bonds, notes or obligations for payment
OF the works by them 10 lie erected nd hereinof.
ter defined, 10 make contracts connected with Tho
aamln's ration OF said works, to buy and hold only
such real property as may be necessary and proner
tor the erection of such works and their apsur,e.
nances; to sell, lease and dispose of such pro
pefty, and 10 make all regulations and bye-laws
nor contrary to the constitution and laws of the
United States and of this State
Sec. 9. Be il further enacted &c tho hn,l
Ings 10 be erected ~ said company, shall be such
as may be found suitable for an extensive bathing
establishment, with which are to lie connected
apartments Tor the occupancy of various literary
and scientific institutions or of individuals at the
discretion of the directors,
Sec. 81 Be it further enacted. &C. That ,bo
capital stock OF said company shall MT eyceed
the sum OF one mi'iioa Of dnlars, to be held in
shares of one hundred dollars each share, The
hooks OF subscription for said stock shall be OMEN
ed in the city of New Orleans at tho Office of the
Ocean Insurance Company of said city, on the
hrst Monday oil May, eighteen hundred and lhir.y
seven, under the direction Of the said above
named hive naylJua!s as commissio lers, aud shall
he kept open during the space of t!lrty DAYS. II
within the said period greater amount of shares
shall have teea subscribed for shan NAV be neces
sary to complete the caPral aforesaid that such |
subscriptions shall be reduced, by striking from |
the largest, so that beyond the necessary limit no
subscriber may have more than anolher until the
subscriptions shall have been reduced TO the true |
amount OF capital. If within Id number of |
days the iul amount OF capital shall no, have been
subscribed for, then the books eiay he continued |
open ar be rcnpened within the space of six months
from the nIis inal opening thereof, at the discrc
tun OF said board of COM missoners, il heinz how
ever expressly understood that said company shall
not g"into operation unless there shall have been
subscribed shures 10 the amaunt of four hundred |
thousand dollars
Seed. be ii further enlcted &c. the affairs of
SAID company shall be administered by board oil
directors hive IN number, who shall elect from
their own number president, and may also con.
siIirte such officers rud agents as they NAV deem
necessary. The said commissioners shall const'.
lute ths first board OF directors aud shall continue
IN office ill the first Monday of February eighteen
hundred and thirty eight. On the first Monday
slshietn hundred and thirty eight and on The firsr
NoAdpy ef Iu@uary Of each suceerd ding yeul, al,