New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-05-25

y 1s,h Of Of E February.
And should subscriber neglect refuse for thirty days
s ns sps'sd times his h S s
for which they subscribe shall be Nd at public auction after
to the una H terry
rate of eth Per cent from the time that such in
however, that in of the death absence from the United
months subject to the aforesaid eight per cent and
If not paid at the expiration Of that time be End
prsciosha may oppoas And the Cashier Of he Bank
shall" be- ant he is hereby authorized and empowered to trans
SECT The Association shall commence the first day of
Fifty seven shall the Thirtieth day Of
September, Eighteen Hundred and Seventy Seven.
ARTICLE II.
SECT The object Association las already is
to on the business of Banking and all other business con
said Act authorizing general system eff Free Banking and
carry on such such additional power or powers Which nsoc
ons formed under said Act hereafter be-
ARTICLE III.
SECT l. All the powers Association shall be exercised
and its business be conducted by Board of Directors
sst of Twelve persons each of whom shall and hold all
tines his and right least ten shares of the cap
SECT, The undersigned Associates hereby unanimously
choose va z "%PGGfmR. HI
$2HS 4 SSfS E5ssrHs " i SS}P5S
HoRATIo BENT, 4. BLOCK,
G atS z. H (; REx is s G nAEE:
be the first Board of Directors of the Association and they
well those persons who at any time hereafter shall be
elected Directors the Association shall have
on the of ali
else such and discharge such duties until their
sGsr The oSra d ] rrPpopsd rnd d. hsr
ISOLATION majority in number Of ali the Directors for the
lime being shall be eecta President Such
s hs
ah S S are S h na e n a
from office such President Cashier, other officers,
in their stead such orty may, from time time,
of
their officers and agents either of them as they
Yoke A3d such majority shall have power to make and pre-
scribe all such bylaws for the of the Board Of D
ctor and for The regulation conducting the business Of the
Association its officers clerks and agents they may deem
and such BY Laws to alter suspend or repeal at pleasure
SECT A. majority of the Directors for the time being shall
Association and the majority Of the Directors constituting
aS n@ eG o
Of majority of all the Direcors-proyided nevertheless that
Shall be determined by the BY Laws President
ever be allo wed any loan or di,count.
ARTICLE ".
SECT l. The Board Of Directors Of the funds of the Asso
may declare such dividends they deem exped
slocnor heir authorized Attorneys Of which dvSeuds
notice shall be published within ten days after declaring the
daily newspapers printed ind publ shed in the city
of New Orleans.
ARTICLE V.
SECT l. The of may portions
the funds Of Association they may expeent, in
such property effects as the Association may lawfully hold
and transfer deposit with the Audor other proper
ocer me Ste OF LOUISIANA any portion OF aucu pLopeft! or
tiects WhSN 'h-S may see h 10 secure lhe PghehtH u Ile
notes "Lch ibty mus receive, 10 c,cHi4e as money
ST., ". IT, DoI t y, i I $1,000 re $500
H. ~ ~, ,sticl H., .rra If H., 81 ra
iIr Yu M rrordsi and vrv IN e valid shall
stnIt fa
ma trn TnrSs,v subiect tn All tho Conditions A, stinnIa
inns cnnI l., iIe. rr.s and If The lnT Ind.r vi
iii a.. L.
Tln RGarr Of IIiracors NAV rinse The hanks
rrn lime II, Tins Ma the convenience of he Association NAV
r,1nra I'M nat lancer ,an len DAYS AT ANY one tinp
'''' 49,
ARTICLE VI, ...
1MI me hIst election o. 3lLeGPrs o. Ihe ASSOCIATION
S,hi e eu Oh ne stcUu IN ~ nc !tr
one ihoahHu ilSHt 4Iureu anu s anu 'HefcaLtet
on me ehiI u IN eAci year W snch uHe OF te my ana III
Sncn , p'a I'm tt Guy S trm , u Mn @
iV tn 'e NtnE stla'i "Ppo, anu uFS"a'e' ihr Doh"
HEcT :; All seeu3bs loe ttgcl"Es OF 'e ascension na
Hc by ho ana oia oe ~ VI &c INSPECTORS ftc
M nr h ," nf Me- y NY ana Id nv him
in his own ama nr as Trustee ar legal epesentntivp of other
,rre
ernu, VINO shall have the greatest number Of votes shall con
si,u,a me hoard nj DrecIoTs
Set Tha aiie far any cause IN elect Directors IN an,
jay hecon sc should be Ind or held Az herein sue
ci6rd or nnnoittpd shall NOT dissolve the Association but
Of and
such election be held with sixty days after the day hercI
| appointed .
SECT' me directors mus cecteu snail US soon as Prcti
Ep'e AFTER tF pI,ceeI 70 En'A' ht ts't =.
paot QUE 81 ineil hnioe eei'eI VI tnc sSoeI'on
uut VI " "seiPt IN Wy y, i.' .
Liet lhoii9i t'te u 'e ioo .. any 49,
Board Of provided for by section six of this Article
SECT The board OF Directors shall nave power by ballot
to supply vacancy that may occur IN their ara by death
resignation or oterwise and the person Or person hppoie
by ma ofy IN number OF the board OF Directors Tor the nm
being shall hold the place places for the same term that tn
person persons whose place places he they shall
| appointed, would have held The same