New Orleans daily crescent., 1857-12-15

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be ths arr Board Of Director. the A.sCeis.iea and they
elected Deesss 8 Assosisasn have
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ssents business Il he Assceision rsauils
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srs in stead such oriy from time % time
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officers and agents either Of them they may
voEe such majority shall have e make and
recors regulation conducting the business q the
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ARTICLE III.
SECT TIE Directors Of the funds Of the Asso
catOn shall ali ts twice in each
ent sna asfu ont the profits business
s @ ~s eS sy. ssl ss s
daily printed and publ shed in city
ofNew orleans. ~ fs
SECT The Board Of Directors invest such portions Of
a s at
e. @ the e
effects which they may see h TO secure the payment OF the
4he
I ss e
shall and sna To- II V
the Shareholder authorized Attorney and shall be made
n
this association orgsn1ed o hook,
from time to time the convenience of the Association may
require, but longer than ten days at any one time
ARTICLE Y. -
SECT l. The first election Of Directors Association
s q a hsd' sn i
the said day each such time Ps Of tbs s and
the being shall appoint and Designate The Boare
% sees ssons # pseofs shall be
daily in e sy xes
preceding the day Of election, -,
G + the 5
shall be entitled directly or BY s to one ne &
three months TO the election na and a
stitute the Board Of Directors. -.
day shereon such eecon held herein
s n ss e u q
election to be held within sixty days after the day
The Directors thus elected shall soon as practi
s 4 f
Of failure or absence from the fo
three months without leave Of the Board of Director
and his place supplied the Board of Director
as provided for by section six of this Article -,
SRcr The Board Of Directors shall have power BY ballot
to supply vacancy that their Beard by death
resignation otherwise and the person appointed
by majority number Of the Board Of Directors for the tim
being shall hold the place places for the term that
whose place places he or they shall
! appointed, would have held the same.
SECT The President of the Association for time being
preside meeting of The Board of Directors
which he shall He shall charge of the bond
Of the Cashier officers of the Association also of thu
intended for signature until authorised by INT
Board of Directors to be issued and signed BY him.
SECT In Of the absence or fnabiiy OF tne
any President the Board may elect Chair
President such inability shall cease or until new Presi
SECT s. The Cashier together with the President Presi
pro tenn be- shall sign all cer'ihcate
by the Association which certificate shall be ap
proved connersinged by two Directors and no oheer
director Shareholder unless thereto specially
BY majority number Of the then existing Board OF Drc
preence contract engagement IN De
/. half of the Association.
SECT L. Minutes be kept by the Cashier of the proceed
Board Of Directors which minutes when approved
by the Board Directors shall be 81 ned by the President
ARTICLE VII.
SECT l. The Board of Directors at any time, propo
modification alteration addition in the Articles OF Asso
Stockholders and form provided by the ACT
which the Association organized but there shall never
of capital without the consent Of wohrds Of tn
:. Stockholders in amount.
o ARTICLE VIII.
SECT The seal to be nsed by this Association shall be
# ARTICLE TX.
SECT l. The liquidation of the affairs Of the Association,
IS dissolution three
elected by he last Board Of Directors shall execs
and func necessary for the settle
aud liquidation of the affairs of the same je2a