New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-21

Thousand Dollars
One Million Five Hundred Thousand Dollars hereinafter
proyidedfor
Al the corporate powers of said company shall be exercised
by Of Directors composed nineteen stockholders to
office the Company Notices Of such elections shall be given
IN Re Frepe6 aRd bg anr9age IS SSy Doded @
shall appoint three stockholders inspectors pre-
fail to attend the President shall appoint others % act in their
rst Monday January each year to hold
the therefrom until their successors cleo
FIFTH.
The first Board Of Directors shall consist Of the following
stockholders who shall remain in office until the FIRST Monday
January 1861 until their elected and quail
1 Matsson, Samuel Boyd.
john actiinnis, Jr, James Byrnes,
Edward Rigney, Charles FL 4 Walker,
George ". Manson, n 4 Thomas, D'
A 3. HitehcoeG, G. n S a5rsss'
G. A Eager, Charles E. slayback,
In all elections the vote shall be BY ballot and those stock
e & e. 9e @ ce6 an Pe e
election taking place tn day aforesaid the President shall
and give notice OF the same as Aforesaid
SEVENTH.
Each stoCkholder shall be entitled either in
may respectively hold provided that individual corporation
in ninety days prior to said election.
Each and every holder Of scrip shall be entitled to vote at all
holders of the Company and be entitled to vote for each
corporation company shall be entitled greater number
sTed to him within Ak prior to SUCH eeciion ap
NINTH.
In the yearly dividends gedeoared by said Company the
during the and the stockholders to the extent Of the
The insured who shall claim and receive a return Of
Re and Sp @ m ITEM t I sf
the Company
The insured shall in payment 9s their shares in the diy
dens be entitled to receive Certificate Of profits bearing SIX
President Secretary shall proyso that,
a S M nS The s
Of the capital paid said certificates shall be reduced
| as make good the deficiency.
| TWELFTH.
No certificate shall be issued for the fractional ef
dollars but an such fractional parts Of s1ms and less
than ten dollars are to G passed to the contingent ssogn OF
benefit Of the and so soon as the reserve fads
Thousand Dollars the shall annually be dyioed
amongst the stockholders in proportion to their respective
interests in the Company
THIRTEENTH.
The stockholders shall be paid their dividends in cash but
the be then paid shall not exceed
the amount held by them and shall
paid in full
The Board of Directors shall their first meeting in every
President who shall hold their offices until their successors
FIFTEENTH
person shah be capable being Director Of said Com
pan who does a a a Of ans eeff4P an 6 qPspg his
eroa house Of which he may be partner, at least nifty
SIXTEENTH.
The Board Of Directors shall have the power to alPop uGh
rules regulations they may deem necessary the gov
With the laws Of this state tie meaning
this act,
They shall fix the compensation Of the officers clerks
elected smPoysd o by them All in the ssy Of tn
{ may occur in their number or in the Presidency.
q SEVENTEENTH.
The Board of Directors shall haye poer to invest from tim
unncumbered and improved real estate situate
deemed @ob at least double amount loaned thereon
They may also inye The profits Of the Company in an
States, this state Of the Corporations Of this State
city any OF pledge OF OF The aforesaid
eures bonds stocks, or on any collateral bill
They shall hayerower dispose of mortgages obtained
way security Of stock pledged for security Of
rced Or purchased public sale upon Judgments orders
or inmoyaGe w66 may nave Been pledged or abandoned
said Company for or concerning the operations OF ts bus
authorize the said Company discount negotiable paper
recty deal or trade buying selling movable Or mmo
property, goods wares, merchandise provided ais
r building for the purpose establishing office therein
EIGHTEENTH.
Yearly dividends shall he Of much Of the profits
the Company as saa appear mS 9e 9at me p5@pSoa
forming part Of the profits The Company and n case
be- iesseSed no subsequent dvdendS shall be made 2a
such dminution shall have been covered and made up
the profits
In the yearly dividends to be declared as aforesaid II
cent the amount Of stock held BY them and the sur
s stock Is pnd IN s Shall BE- the duty Of the Pad
Board of Directors issue certificates to the stockhode
nd '1'' pau TWENTIETH.
,e After the whole capital stock Of the Company shall ha
L. yearly dividends and lay such part
han R n nR ToasR Of
shall have been formed and realized to be added to the capt
TwExTY.FIRsT
Any who shall fail or neglect to pay any nsta
herein shall forfeit to the Company all previous psy@on
and cease to be a stocAhoider OF said Company.
= TwENTY-sEcoRD.
on the BOOKS Of the Company o2d any stocthoder des
stock m If S ne 80 Of o
ri s gs to Se F % as
eet TwsrTr.rHIRD
At the time Of he expiration Of the charter this Compa
the y yG g S Be- as
debts pAd under the charge and OF tn
shall remain in office until the final liquidation of
affairs Of the company.
The President of said Company shall sign all policies
fer preside meetings of BOARD; he shall conduct
zes nervfon Of the Board Of Directors lis absence
,ng Wee President shall pFesl at sueh meetings.
age, IEANIs'FiFTA'
~ within one from the close expiration of each yea
~ the Company to be published in TIE French and
h language, and for the term Of at asst month"; a
statement under oah Of the business o. the Cgm2sny vi
during the year specify ne what amount was ece
VT Te what on marsime policies aGd what on RISER pic
SCI dThe Of losses Incurred during he
sing signaling what amount Of losses have 0eeH
under the different kinhs n policies Eoresaid. Third
RE cunt Of cap4 stating the portion Of tue inyess
securities and the nature fthe securities.
> TwENrY-sIXTH.
cts That no sockhosr shall ever be hed name OF responS