New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-02-10


equal to dollars. $500 aao
ARTICLE VI.
and ne Of these presents and shall endafe and
time the full end and term Of tNeny consecutive years
thereafter.
The device Of the Corporation shall gon supporting
New Orleans" eheife.ing the seaI.
ARTICLE VIII.
creased to any sum not exeesdng one million i've hundred
thousand dollars cay $4,000 divided into shares q one
have been duly authorized sixty days noice Of the shall
a and II whp witch time sroeRhoders shall have the py
sge Of taking shares proportion to me amount IF
sold BY the Board q Directors at not less than par for the
ARTICLE TX.
All powers Of the coro, alton an be vested IN Board q
times hod IN his own name and right al least twenty
shares Of The stock Of said Corporation but this condition shall
be composed Of any three citizens Of thin State
ARTICLE X.
dsd and Ss and snnSs Seess AZ h seeen e., D
nnritv az vote, tep ana there given snail elect
Of al Of said election shall be given in
ARTICLE xI.
The following persons duly elected, an
seized by he Board elected Monday Of
AIRY, eights. hundred ard ynine us59) viz;
valley fH fH ALLEN CLARK.
ARTICLE XII.
The Board of Directors shall their rs meeting elect
duty shall preside all meetings of the Board
his absence inability to act the Directors may elect from
their number President tenn, Who shall for Che time
being the full powers The President The
Of majority of the whole Board shall be necessary
ARTICLE XIII.
The number Of Directors for dsountng notes and
drafts and purchasing exchange may determined
by the Of the Corporation but for the transaction Of
qnired to form quorum the decision majority said
quorum shall be valid as a oiporafe act
ARTICLE XIV.
The Board of Directors shall have full to make
h1a and order 9 II he ss " the copoaou s s
quire appoint the Cashier and all other officers and
AMOUNTS salaries and Of the security be given BY
s s5d Ss sns G9d a az bs a1a h
the Board shall also have to fill that
consequence the death gnst on Of the requisite
number Of shares absence without leave for sixty eonecu
days Of any Director they appoint agents within this
State thereof under such conditions aad restrictions as to
them shall seem proper.
ARTICLE XIV.
The Board q Directors after paying al the expenses Of the
ness Justify It. declare and pay dividends as they may deem
expedient out Of said surplus profits and notice of the
shall be published in two newspapers in the city Of New Or
leans.
the registry and transfer the shares Of the capt
tai stock shall be kept aud subject TO such restrictions as the
bylaws may direct ARTICLE XVII.
Every transfer any share shares Of sSpI stock sha Be
shareholder or his attorney.
ARTICLE XVIII.
BOARD OF Directors close the Transfer Book often
may require but for longer period than
ARTICLE XIX.
The Board Of Directors purchase for the Corporation
evidences of debt that they hold by law and transfer
officer the of louisiana all portion Of said evil
REGULATION TO be issued by the Corporation.
ARTICLE Xxx.
The failure from any cause to set Directors On The day when
poaon but the Directors then in Office shall hold over
day which notice shah continue to Be given from time 10 time
un,il the elee.ion shall have been maize
ARTICLE XXI.
Each shareholder shall be entitled directly by proxy ia
one vote for each share stock Ut al meetings oil s0ekhodef'
ARTICLE xxi.
Every election of Directors of this Corporation shall be by
Board
ARTICLE XIII.
II at future elect for Directors the majority OF all the
Stockholders should deem expednt increase the number
Directors from three number not exceeding i've they
may by vote at such election.
ARTICLE XIV.
majority Of all the Directors elected may accept provision
ally additional privilege that hereafter b
upon Cooperation either by amendment under the
a a IS Sy amend these articles Of but the saa
adoption and Of such additional power privilege
amendment shall be by vote Of ockhoders in the
ARTICLE XIV.
President and Cashier shall sign all contracts notes and
certificates OF stock Of the Corporation signatures
certificates Of Deposit checks and bills OF exchange shall be
ARTICLE XVI.
Minutes Of all proceedings q The Board Of Directors shall be
ARTICLE XVII.
liquidation of the affairs of the Corporation shall be made
Commissioners elected by the ckhoders
ing convened for that purpose after three months previous
Published in the city OF New Orleans
each shall be citizen Of the State
not indebted poraton and such meeting Stock
such Co nmsoneTs all
liquidation Of the affairs Of the Corporation fix the
term Of office and the amount Of their compensation limit th
which said Commissioners be removed and their term
office renewed.
and passed in my Office at the city Of New Or
leans in the Of Meseurs Octave Kernion and Al
bert Leblanc Witnesses OF aW full domciasd In this city
subscribe their together with the parties
Notary this seventeenth day Of November in tn
year Lord thousand eight hundred and fifty
Original signed:
p N. WOOD.
| A. ID. KELLY,
! w. COX,
| And others.
| 7