New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-07

into shares of One Hundred Dollars each, with the
by 'hs Shareholder, i, in accordance with law.
The
Ing clauses conditions tipulaions, by which the said
Association shall be governed:
s be he % s Of s sE e. Nd
are b ] n G b G az esps of the
II capital sssst Eli @ t,,,
Sa g" i sSsss s"" De '"
& cent on ON liz e. 9e Ct Hn the Notary
70 1 1st Of Of sep,ember
i :: :: I I,!st S Sessss,;
10 :: " II 1t Of G Jsnsafy. ISIS
- st. Is, Of Of February sbrsy =,
i - ,, i: 1T, IF Ap!I;;' =; ::
nstmen or ns,aments hereby ageea hat he
~ ] pa$.hsj NJ
amsnis due ss until time iS public s
States Of such hs time shall b extended 81
Il not PAID at the expiration that tine Be and
d provided for BY such auetioneer Board Of
shall be- and he Hereby authorized empowered
SCR. l. The shalt the first day of
ocober the Lord One Thousand Eight Hundred
September Eighteen Hundred and Seventy Seven.
ARTICLE II.
and Be-
tines in big own name and right at least shares Of the cap
s pe q rhe s Associates hereby unanimously
choose and appoint n following persons e; ~
S5 %S4ES$ Sf S;E5ESrEs' St 5SbsS
i TH e V i DiX %aT6 4 Hs5;1r,
be The as Board of Directors Of the Association they
'Sss s s
all and discharge all duties herein conferred and i'm
else such and discharge such duties until their
SECT 8 The Board Directors hereby appointed their
ISOLATION majority in lumber Of ali The Directors for the
time b-rg shall be necessary elect President Such
SF s Iis an s hs SsHs1 @
and from time to tine Tx ana determine their respective aa
Office such President Cashier, other officers
ers in heir stead and such ma orty may from time to time
Ges m e s o
their officers and either of them they
voke And such majority shall have to make and pre-
scribe BY Laws 10. the Of TIE Board Of D
Association its officers clerks and agents. they deem
and BY alter suspend repeal pleasure.
sEcT majority e he Directors or t0s Tine being si,all
Association and the majority Of the Directors constituting
provisions of section number three REQUIRE the concnreuce
Of majority Of all the nevertheless that
shall be determined by tue and no President Dec
be allowed any loan i count by the Association
ARTICLE III.
SECT The Board of Directors Of the funds of the
citation shall defray all its expenses twice each year
may DECLARE ana pay ueh dividends they eem expedi
Stockholders their authorized Attorneys, of which dividends
notice shall tie published within after declaring the
daily newspapers printed and publ shed the city
ARTICLE ".
SECT The Board Directors invest such portions Of
the funds of the Association they may expedent
may deposit the Auditor, proper
officer u the State Of Louisiana of such property
notes which they may receive to circulate as money
b ks9 for the and .5an,s Of the Shares q Capital
holders h. be recorded and transfer to be- vad sa
be made on the books of the Association, and shall be signed by
expressly subject TO ali the conditions and spua.
lions contained in these Articles and of the law under which
Ths board Of directors close the transfer books
require, but not longer than ten days at any time.
ARTICLE V.
Shall be held second Monday January in the year
One Thousand Eight Hundred fftyNine thereafter
the said day in each year such time of the day
such PLACE in the city Of New Orleans Board of Directors
sEcr2 Notice Of elections Of Directors shall published in
two daily newspapers printed in the city OF Orleans
least three times week for successive Immediately
SECT s An lection, Directors of the Association snail
be by ballot aud shall be conducted Inspectors Each
Association owned and held by him.
oers for at least three moths PRIOR 10 tie eetoa and the
shall sGye the greatest number of votes shall
M ,;l,,., -. - oo,- l.. -. n. 49,
r,i any ih1e S - eiet fecIos on any
foG M a1n";aS tIi , * oe ia, Ia' VI nel A. erei spe
iI 81 MOI lssg,se me 1ssocatiot Out IL
IN hal a,rs
spnonted '' ' $500 ~ 10y -''
SECT. The Directors thus elected shall. nructi
cable after their election organize and elect
ballot Of their number President of The Association lii
case o. failure or absence from the State of Louisiana for
three months without leave OF the Board of Director Of
Inc ne sha thereby vacate MS place as such Di'
SECT The Board of Directors shall power ballot
resignation otherwise and the person appointed
by majority in number of the Board of Directors for The time