New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-06-08


And any subscriber neglect refuse for thirty days
ns ns
ST ss s asS IN hs @ Ct ss
rate M from n I sas that ayh M
however, that Of the death absence from the United
moahs, subject aforesaid interest Of eight cent and
if not paid the expiration of that time to be and
psctorasha may oppon, And The Cashier Of the Bank
shall be- he sincerely authorized and empowered to trans
SECT The Association shall the first day Of
and and shall terminate on The ThTsh day
September, Eighteen Hundred and Seventy Seven.
ARTICLE II.
The object Of this Association s already stated
Sere~i The II"
said Act authorizing general system ef Free BANKING and
such saS ad ion wh @ a
thorized by law to exercise.
ARTICLE III. ......... ...r
and s business be- Conducted BY Board Of Directors to
ss Twelve each Of whom shall own and hold At all
times his and right at least ten shares of the cap
choose Y? z "pE3as 81 0''"Ns pss ESfsER
I fRkSA 4 SSs & EtESrEs, "a q hsbdE,
d 9! Z: N (; RIxs is s: H HAhI:
elected Directors Of the shall have and
the Board Of Directors and shall at I'll times
BsSr Hppo5ntsd 4 snd their
ISOLATION majority in number Of all the Deetos for the
s a a s pe ,sH
which Tie business Of the may require
Such majority hereby at any lime c.r
clerks agents. at pleasure, and appoint substitute
their stead and such majority may from time to time
oflhe to committees Of their own body and to
And such majority shall have power to make and pre-
ectos The regulation conducting the business Of the
expcdien md not inconsistent with law these articles
and such Bylaw to alter suspend or tepeai pleasure
sufficient for hs rsnsaeSn Of the business Of the
shall decide upon ali subjects wnirh not
provisions of section three require the
number of for granting loans and discounts
shall be determined BY o the os q Sn4 no psi
ever be allowed any loan or di'count
SECT l. Board Directors, of the funds of the Asso
ciaion shall eay all its expenses and twice in each yea
lawful ne surplus profits Of Is business = Il.
in daily newspapers printed and publ shed In the city
| of New Orleans.
ARTICLE V.
SECT l. The Board Directors may invest such portions o.
the of the Association they deem expedent il
and may transfer To- or deposit Auditor
officer The State Of e. m 10, of SnsR m
notes, which they may receive TO circulate as money
be kept registry transfer of the Shares of Capita
stock the Associations and which the names OF he Share
be made on the Association, and shall be signed b.
and taken expressly subject to all the spua
tons contained in these Articles and OF the law under which
SECT The Board Of Directors close the transfer book
from time the convenience of the Association ma
require, longer than days any one time.
| ARTICLE VI.
SECT l. The first election of Directors OF the Association
shall held the second Monday January, In the
One Thousand Eight Hundred and Fifty Nine fhereafe
such place The New orleans the Board Of Directors
H i also t nppo ohf Elections
3 Al elections for Directors Of the Association sha
be ballot and shall be conducted by Inspectors Eac
Shareholder shall be entitled directly by proxy
in his own name or as trustee or legal Of oher
for at least three months prior to the election and the lively
shall have the greatest number of votes shall
| s,ute the Board OF Directors
ay ns sch e 5s S Sd
cited or appointed shall not dissolve the Association bnt
such b. held with sixty days after the day here
SECT The Directors thus elected shall pract
cable after their election proceed to organize and elect
of ilue absence from the State OF Louisiana
three months without spys Of the Beard any p sS
rector and his place such Director shall be supplied by Il
Tie
to supply any vacancy that may occur in their Board by deaf
majority number of the Board of Directors for The tin
person persons whose place places he they shall
appointed, would have held the same.
ARTICLE VII.
SECT The President of the for the time ben
shall preside every meeting OF The Board OF Directors
which he shall presen, shall have charge OF the bon
Cashier and Of ali officers Of the Association also of I
Blank Notes intended for signature until authorized by
Board of Directors to be issued and signed by him,
In OF the absence inability OF the PresdeI
from any act Presdsnt the Board elect Cha
President tR with to perform the duties
President until such inability shall cease until new fre
dent shall be appointed.
dent pro the may be, shall sign all certificates
stock is ued by this Association and officer, Director
ehoder unless thereto specially authorized by major
in OF the then existing Board of Directors shall und
pretence contract engagement in behalf OF the Assoc
alton.
Minutes shall be kept by the Cashier of the procee
ns of the Board Of Directors which minutes, when
by the Board of Directors shall be 81 med by the President
ARTICLE VIII.
l. The Board of Directors may, time,
any modification, alteration addition the Articles AS
citation such proposition be submitted to the vote of
Stockholders in and form provided by the Act unt
which the Association organized bus there shall
increase Of capital without the consent of twohrds OF
Stockholders in amount.
ARTICLE TX.
SECT |. The seal be by this Association shall be-
ARTICLE X.
SECT l. The liquidation Of The Association in of dis
luton thereof shall be entrusted three Commissioners
elected by die last Board of Directors aud who shall
all the corporate powers aud funci necessary the
and liquidation Of the Affairs of the my2O law4
rENtVIRiLL IL AipxFN, GAS rEKs, NO. ~
Charles street New Orleans keen constantly on hand
large of Chandeliers, Pendants Brackets Pill
y Pipe, and Fittings of all kinds
2 A large assortment OF Parlor and Cooking STOVES
= Also Patent Portable Apparatus make gas from ros
to which they invite the attention of Sugar Planters e2 r
* 30 ARDtNG-TEE LARGE AND ELEGA
TN.:l house known Is the D ESBAN YER RANDALL,
Au Camp street, No. 3l2 is open for the reception
families and single gentlemen. This is of the
bic locations in the city, and the family roomsl uns