New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-08-26

ART s. These Articles of Association may be modified or
altered and the capital stock may be increased to any not
law viii the consent Obtained of the ockholders general
crese e cpa shall have been duly authorized sixty
notice Gfe shall be IN NEW II s
privilege of taking additional shares Of stock in proportion
e thine msy * y nS c
benefit Of the Association bn ut not less than par value
oa Of ting each
hold in his right at least twenty shares of the
ART 10 named stockholders shall compose and
Ill by their to provided
Article H. VIZ j. j. Person & Felowes @ Nelson, R. Nc
rompkn j. g. Sson l. onsd"s Thomas urf Wal
Ter ARR H. On the first Monday January thousand eight
and and annually 'hs5eatter an election
Of The corporation which election previous notice of at least
= the Sss% To S the
Der Of their Bor they my BY resolution sa to mat e
thereon and thirty prior the annual election
renSf s p 10 Gs Of ha be elect
wo shall ut their st meeting after their election ehGOss
See ete idF by the majority the Whole oard
Shall duty the President to preside at MI meetings Of
Board shall elect members President who
de n elections snail by ballot under the
appointed by the Board from among the stock
ART A. The number Directors necessary seonnng
and notes and purchasing h of exc aay shall be
eesary form and adecision OF such majority snail
ART Is The Board Of Directors empowered make by:
Laws appoint and fix the sn"Ess Of the onSsr and al
duties and fix The securities Of all of the: employees Who shall
positions subject to the will OF the Board they sh"
have power rules regulations bylaws
whenever the interest Of The sop2aion nd may ap
to them shall seem proper They shall have power also to M
vacancies may in consequence Of death RESIGNATION
absence consecutive days without leave any Drec
ANT L. The Board Of Directors shall twice in each year, il
the profits Association justify it, after paying the
a; they may proper after giving notice in one
An1 t. Books registry and transfer shares ofthe cap
ita shall be opened and kept subject the restrictions di
rected all transfers of shares shall be made
said books and signed by Shareholder his attorney
than ten days time often convenience eXpedienc
may require or suggest The Directors may also delegate Il
their officers or committees OF their own body such pow
ers as they may think proper and eXpedsn o , ~,
ART l9 The Board of Directors may purchase fer the
transfer same or any part of the the Auditor
Public Accounts security for the payment of otes issued b
ART ~ failure from any eaase to elect Directors on da
the Directors then IN Office Shall hold over until another eeco
is held of which notice shall forthwith be given provided
ART 81 Each shareholder at all meetings for the election
pS one S Snst on eaE s Of Ss
the person offering to vote, shall have owned hi
provided person except females and clased
incapable bylaw who q, the period 10 such &
the city OF New Orleans shall vote by proxy and provide
further that snail IN MS own name OF pS PROV
five hundred votes any such election ior DIRECTORS
meeting Of stockholders.
ART partners shall be eligible al the same time
Directors the Associations shHS Director ol any ONE
Bank his partner, be Director in this Company
Minutes of all the proceedings OF the Board OF reC
shall be by the Cashier and verified by the President
and the President Cashier shall sign all ceElhcIe
stock evidences Of debts OF the corporation
n Board of Directors may accept Professionally an
power this Association by amenc
nent which the saneis formed or by the sdoI
ton of any Legislature but the fnal acceptanc
of such mower privilege shall be Submitted the stockode
for approval in the manner provided by law.
trT0 nHl of
three Commissioners appointed by the stockholders
ing convened purpose the delay aud in the
er aoped for the election Directors Said qudiors
he solvent residents Of this city indebted tie
soca,ton Term Office shall he assigned all
shall conferred them the for liquidation sha
be fixed well their compensation in such II
determine. iel3