New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-03-31

In all Thousand shares of hundred dollars each
equal TO six hundred thousand dollars -eoOoVVO
ARTICLE vi.
This corporation shall Commence operations Immediately at
and the de Of these presents and shall endure and con
nue the full end and term Of twenty consecutive years
thereafter
The device Of Cooperation shall be grion supporting
key in his dexter the nserp on Bank Of james kooo
New Orleans" encircling the seal.
ARTICLE VIII.
creased to any sum not exceeding one million Eve hundred
thousand dollars ay s5OOO, divided into shares Of on
dollars each and whenever such increase shs
been duly authorized sixty days nohee OF the same ss
aS and within which time srocRhodeT shall hsve the priv
ege Of taking additional shares in proportion 70 the amount
be sold BY the Board Of Directors at not less than par LOT TIT
benefit Of the corporation.
powers Of Corpol sbal be vested in Board
Direct consisting Ofhtee each Of whom shall at al
shares of the stock of said Corporation but this condition sinai
not apply first Board appointed this charter which ma
be composed Of three citizens Of this State
ARTICLE X.
Onthe second Monday IN January, one housahu flgt
rec,ors shall held banking house Of the Corporg
Of 81 Sp n s ss az 3 2 Be-
newspapers published in New Orleans
| ARTICLE xI. 81 -.
The following named persons have duly eleed an
shall compose the hrst Board Of Directors to serve Of an
AIRY, eighteen hundred aud fifty nine QS59 viz:
WALL Il TH HG4 ALLEN cyARK.
| ARTICLE XII.
The Board Of Directors shall their first eiesl one
Of their members be President of the III Rosrd IN cSs
of 6is absence or inability to act the may elect from
their number President pro tenn vi he PreSident The
ee Fl majority Of The whole Boar shall be necessary to
| elect the President
ba npber Of DIRECTORS neces for diseountng notes and
drafts and purchasing bills e. ef oT Il Transaction Of auy
Other business by the Board n decision Of majority Of said
qured to form quorum, and Jrs,e sct " " '' " ''~
| nuOrum shall be valid cO,sI'-N
The Board of Directors he to Ser ~ "@en 10 SSee
ana npd opSe Of he sness of the Corporation may
aIre to appoint the ION to regulate their duties fix
amounts of their se and ali appointments and offices Shall
eAeh ohceI p removal at the will Of the Board
the Board shall humber and may declared
S s death regns on want Of the REQUISITE
number OF snS Director they may appoint within th
t reo under such conditions aud restrictions as Il
them shall ARTICLE XIV.
The & pseors AFTER paying the So s1Ps1'ss Of III
y declare and pay uch dividends as they may deem
published in two newspapers in the city of New Or
ARTICLE XVI.
for thergsy and transfer of the shares of the cap
shall kept and subject to such restrictions as tn
ARTICLE XVII
Every transfer any share shares Of capital stock shall
| shareholder or his torney.
ARTICLE XVIII.
The Board OF Directors close the Transfer Book ote
as convenience may qure but for longer period than tel
days al any one time.
| ARTICLE XIX.
The Board Of Drecs may purchase Corporation
evidences Of debt they hold by law and transfer
beisiana ali or any portion OF ey
denees Of debt auhord to secure the payment OF notes
REGULATION to be issued the Corporation.
| KTICLE Xxx.
The failure from any elect Directors the day whe
such election should havebeen held shall not dissolve the Coz
poralOn but the Directs then in office shall hold
yded the usual notice be Immediately given appointing snohe
| until the election shall haybeen made
| Article XXI.
share Of STICK at all meetings Stakeholder
| on any matter and at all elections for Directors
ARTHLE xxi.
Every election Of Direcorsof Corporation shall be
ballot and conducted by hreenspecor be appointed by til
| Board
ARTIcL, XIII.
If at future elect for Directors the majority Of all Ii
Directors from three to number not exceeding 1--WE, the
may do SO by vote at such election
| ARTICLE XIV.
majority Of all the Directors elected may accept provision
ally, any additional power privilege that may hereafter
upon Corporation eh, by amendmen;
under which is formed, by any or
and may amend these articles of Association but the fin
adoption aud acceptance OF such additional pvleg
amendment shall be by vote OF Stockholders in the MAJ
ner provided by law.
The President and Cashier shall sign all contracts notes ar
ersese o. soG no S ara b ana ba
regulated by the bylaws
| ARTICLE XVI.
Minutes of all proceedings of the Board of Directors shall
kept by the Cashier and certified by the President.
ARTICLE xviii
The liquidation of the affairs of the Corporation shall be
by three Commissioners elected by The ST ckholders at NEE
lug for that purpose after three months prevo
notice in newspapers published in the city of New Orean
each Of said Commissioners shall be citizen of the State
not indebted poraion and such meeting, Stoc
holders may cede such Commissioners all powers
the liquidation Of the affairs q the Corporations may fix the
of office and the of their compensation limit Il
period for liquidation define their duties, and the
which said Commissioners may be removed and their term
office renewed
Thus done and passed in office at the city of New
leans the OF Messeurs Octave l. Kernon and
bert Leblanc Witnesses Of lawful domeilaed in this cit
heeunio subscribe their together with the part
me- Notary this seventeenth day Of November, in Il
year Lord thousand eight hundred and nifty
| Original signed: - -
p. N. WOOD
A. ID. KELLY,
| W. COX,
| And others.
o. L. KERNIoN.
ALBERT LEBLANC.
P. CHARLES CUyE.LIER,
Notary Public