New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-02

stood and agreed that no stocERoider shall be held liable or re-
ponsbe for the contracts ACTS OF faults of the Company any
iect to any further call shall nfomaity in organizing
holder to any G6 beyond the amont Of S oek nor sa
nfQrnaliy delay in the organization Of The Company
All the corporate powers o this Company shall be exercised
by Board d i've Directors three Of 16oi shall constitute
I sto1e John Kou J. so aRd Benz
s hf 9s esed A Ps
day Of April Of TINT and OF every succeeding year during the
Board Of brecors who shall serve for one from aid dets
or until their in office shall Be elected A. each ee
one vote for each share he may own II said Company shoq
recorS on day named for said purpose then new order
shall he issued by the President calling The together
that purpose thereafter circumstances may permit
The Board shall elect of their members be President
the Company who shall have full receive and receipt
for all moneys pay all claims due by the Company % sign ali
bills and other contracts in the Of tho
ness Of The President be Directors shall appoint one
members President, during the absence
sickness Of he President and to him shall be delegated all
the powers OF the President j. vs.
served The Board Of Directors shall meet once every iRss
months VIZ on the first M2nI7y o. the moath Of April July
ngs whepeve in hs opinion he Interests Of The Company
called at the request OF any one Director Or any two Stock
The President shall make every quarter viz on the arst
Monday the months of April July October aud January
poauton submitted the Hoard Of Directors who shall
m annual to the Stockholders the first Mon
| day Of the month Of July Of every year.
The Board Directors shall Secretary Of the Board
Stockholders Of the Company who gfni
exact record proceedings u ali meetings Of
Directors ard Stockholders same shall be 1t al
times opeu inspection Stockholm
At all elections each Stakeholder shall entitled Ia one
for owned by him provided such shall
have been transferred thirty prior 10 such
resent them at any merln Of s9ckhodss Of the Can.
pauy and such representative shall have the right 70 cast what
| been present himself at such meeting.
Fne Board Of Directors sN ny ie amount Of compensation
OF all persona employed by them VI me service Of s Company
necessary tfs oil lhe company,
the Transaction Of us % PROVIDED the same snail not conflict
with tts Ch'fter or Inc "S5pl tS Se anu ihey may alter
ana amend the same ~ occasion may require hcy snail nave
power to oy ana sen r te ana syts tor the uses and pnr~
poses or the company 10 maze contracts leases mortgages,
approximations ana compromises 10 borrow money ana 10 puF-
chase and build or cause % be bt steam 7esse for the OF
the Company.
|
| AhTlOLE VI.
of death resignation any Directors
the vacancy shall Stockholders
after days posted the Office the Compa-
Vacancy the office Of President shall
Board Directors the first meeting the Board after such
vacancy the election Of Its
vacancy Vacancy in the Office Of Secretary shall also filled
by Board Of Directors The first meeting
vacancy occurs by elec Stockholders to said
Office. The President Of the Board shall have the
point Secretary until the election Of
| ~, herein provided for.
!
ART1GLE VII,