New-York daily tribune., 1843-01-27

down BY CHARLES FOURIER, shall BE- established,
and the functions of the President. Vice President
and Board Of Directors shall cease.
ARTICLE w.
SEC. ]. A person may be s,ockholder without
being a resident member in the Phaanx, and
member without being stockholder.
SEC. , Admission member in the AssocIa-
ton shall, in the commencement, be decided upon
BY the President and Board of Directors.
ARTICLE V.
SEC. l. a meeting Of the stockholders shall be
held in such place as the Board of Directors may
appoint twice in each year, on the lst Monday in
December and on the lst Monday in June-ot
which meetings written notice shall be given to
each stockholder at least three weeks previous and
the first meeting of the stockholders shall be held
at such time and place as the Board of Directors,
shall appoint.
SEC. ,. At every semi-annrsl meeting OF the
stockholders full statement of the affairs of the
Association, signed by the President and Directors
shall be presented.
SEC. 8 Every stockholder shall have a vote for
the first share Of capital stock, and one vote TOR
every FIVE shares thereafter bat in case shall
siockhoder have moro than twenty votes.
SEC. 4. The books and affairs Of The Association
shall always be open TO the examination OF any
stockhoder.
SIC. 5. Special meetings of the stockholders
may be called by the President or Board of D-
Icctors.
ARTICLE VI.
SEC. l. At the semi-annual meeting in Dcceu-
Der the total product of the Association for the
year shall be escertalned and general settlement
of accounts shall take place.
SEC. , Out of the fetal product shall De hrst
Iedu fla nd
balance shall then be divided as follows:
One quarter shall be paid as q dividend upon the
capital stock TO the stockholders and the remain
ing three quarters shall be divided among those
who perform the labor, according TO the system
laid dowa by Charles Fourier for the distribution
OF profits, with such notifications and exceptions
as circumstances may in the opinion OF the Presl-
dent and Board of Directors require.
SEC. g. The stockholders any of them may,
at the time of subscribing, elect receive, after
the first year, in lieu of the dividend of onequarter
of the product fixed dividend of eight per cent,
which shall be paid out of the three-quarters sot-
ted to labor, and the dividend of one-quarter of
the product which would have been paid to such
stockholders, shall be credited to Labor.
Src.4 A. The above privilege shall extend only TO
those stockholders who invest cash capital, un.
less with the consent of the President and Direct
ers The stockholders who elect to receive eight
per cent shall receive for the first year as divd-
end their proportion of the quarter Tho total Pro-
duct of the Association.
ARTICLE VII.
SECTION J. The Fourier Association Of the City
of New. York, having recommended the following
persons for officers and part of the Board of Di
rcctors,
Presi1ent
ALBERT BRISBANE.
PteePresident,
FREDERICK GKAlN
Directors.
MICHAEL a. GAuvA1s, john T, 5 SAITH
PIERRe 2. MAsoNCELLI, OSBORNE MAcDAslEL
tho undersigned associates hereby choose and
appoint the above named persons as President,
Vice-P President and Directors. and TO them and
their substitutes to be from time 10 time appointed
in the manaer hereinafter stated, the said associ-
ates for themselves, representatives and assigns,
have granted nd do hereby Individually and COL
lectvely grant full power and authority to organize
the Association, and TO exercise any and every
power and privilege which are necessary thereto
SEC 9 The stockholders shall elect six Direct
ors, which are necessary to complete the Board
SECS The Directors, a quorum, shall Till
any vacancies which may occur in the Board oil
Directors. a ma oriiy OF the Directors shall form
quorum.
SEC L. The Board of Directors may, Mt any time
before the Association is commenced or while in
progress, propose amendments or alterations 10
these articles, which shall be laid before the stock
holders, and if a number OF shareholders holding
majerty of ali the shares Of the capital stock, then
existing, shall consent to such amendments, then
such amendments or alterations shall become
portion of these articles.
ARTICLE VIII.
I'D na,I Of rec
shall have no power to contract any loan or incur
any debt in the name of the Association.
WHICH ARTICLES, We, the said Associates for
ourselves ard our respective executors, admins
traitors and assigns, do hereby severally and nu-
,ua!ly covenant and agree to stand to, abide by
and perform-and in testimony hereof we have
to these presents set our hands and seals.
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