New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-03-08

In all six thousand shares, Of hundred dollars EACH
equal to six hundred thousand dollars S6OO,OO0
ARTICLE vi.
This corporation shall operations immediately at
and the date Of these presents and shall endure and con-
nue the full end and term Of twenty consecutive years
thereafter.
ARTICLE VII.
The device of the Corporation shall be gon supporting
New Orleans" encirciing the seal,
ARTICLE VIII.
The capital stock OF the corporation may hereafter be in
to sy SUN not g S9e million Mo ss n
have been duly authorized sixty days notice of the shall
leans and within Which time socRhodTs shall have the pry
sge Of taking shares e s s amount s q
sold BY the Board Of Directors at not less than par for the
ARTICLE TX.
Apowers Of the Cooperation shall be vested IN Board q
times hold and right at least twenty FIVE
shares The stock Of said Corporation but this condition shall
be composed any three persons citizens Of this State
ARTICLE x.
dred and ht nine and annually thereafter an election for D
plurality Of then and there given shall elect previous
notice OF at least days O. said election shall be given Nv
ARTICLE XII.
The following named persons have been duly elected
BY he Board to be elected on the second Monday Of
airy, eighteen hundred and nifty nine, dS59 viz;
PHGlNIX N. WOOD,
THOMAS ALLEN CLARK.
ARTICLE XII.
The Board Of Directors shall at their first meeting elect one
duty shall preside all meetings of the Board
his absence inability the Directors elect from
being have and exercise the full powers Of the President The
Of majority Of the whole Board shall be necessary to
ARTICLE XIII.
The number Of Directors for dissenting notes and
by the OF the Corporation but the Of any
ouired TO form quorum decision majority of said
quorum shall be valid a corporate act
ARTICLE XIV.
Board Of Directors shall have full to make bylaws
regulations and the to alter or amend whenever the
order Of the business OF the Corporation
aure appoint the Cashier and all other CHEERS and en-
amounts Of their salaries and Of the security to be given BY
each officer respectively and all appointments and Offices shall
and held subject removal at the will Of the Board
the Board shall also have power to fill any vacancy that
in their and said TseAnces may be
number Of shares absence without leave for sixty consecu
thereof under such conditions and restrictions
them shall seem proper.
The Board Of Directors after paying all the expenses Of tn
Corporation shall twice in each year the profits Of the bust
expedient of said surplus profits and notice of the sam
shall be published in two newspapers in the city OF New Or
leans. -
registry and transfer Of the shares Of the csp
tai stock shall be kept and subject 10 such restrictions as III
ARTICLE XVII.
Every any share shares Of capital stock shall
the books Of the Corporation and shall besgned by tn
shareholder OF us '''Ol ARTICLE XVIII.
The Board of Directors may Transfer Book ofe
convenience require but for no longer period than tel
ARTICLE XIX.
The Board may purchase for the Corporation
evidences they hold by law and transfer
pledge TO the Auditor of Public any other prope
officer Of the State of louisiana all portion of said ev
dences of debt the payment Of notes
REGULATION to be issued by the Corporation.
AKTICLE Xxx.
such election should been held shall not dissolve the Coz
poraton but the Directors then IN once shall 90ia over prS
day. which notice shall continue to be given from time to tim
ARTICLE XXI.
Each shareholder shall be entitled directly or By proxy
for each share Of at all meetings OF soekhode
on any matter and at all elections for Directors.
ARTICLE xxi.
Every election Of Directors of this Corporation shall be
ballot by three inspectors be appointed by III
ARTICLE KILL
If at any for Directors the majority Of all IL
Stockholders expedient increase the number
Directors from three to any number not exceeding hVe the
may do SO by vote at such election
ARTICLE XIV.
majority Of all the Directors elected may accept povso
ally any additional power or privilege that may hereafter
conferred upon the Corporation either by amendment under
act which It is formed by act enactnel
may amend these articles of Association but ne nm
or amendment shall be by of stockholders in the ma
ner provided by law
ARTICLE XIV.
certificates of of the Corporatcn and the signatures
certificates Of deposit checks and bills oil exchange shall
S1''''N ARTICLE xxvI
of all proceedings OF the Board Directors shall
kept by the Cashier and certified by the President
, ARTICLE XVII.
The liquidation of the affairs Of the Corporation shall be ma
by Commissioners elected by the stockholders al
ing purpose after three months previo
notice newspapers published in the city Of New OrleAn
of said Commissioners shall be citizen OF the state
not indebted Corporation and at snch meeting Soc
holders such Commissioners all powers necessa
liquidation of the affairs Of the Corporations may nix tn
the OF their compensation limit
period for liquidation their duties, and the manner
which said Commissioners may be removed and their term
Office renewed.
. Thus done passed in my Office at the city OF New
leans presence Of Messieurs Octave kernon and
Leblanc witnesses of lawful domicilaied in this Ct
subscribe their names together with the part
and me- Notary this seventeenth day OF November, in
wear of our Lord one thousand eight hundred and fifty
Original signed - 49,, - - -
i p. n. WOOD,
a A. ID. KELLY,
W. COX,
J. | o. l.. KERSIoN,
= -- r. CHARLES CUvELLIER,
Notary Public