New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-20

upon Lives other accidents Other words edect 6e
with privilege of exercising all either of said
poses.
upon which shall insurance; and all citation
Ra be- ss S9 he Pde be pPns m
the manner hereinafter provided for
The capitaIstock Of said Company shall be three hundred
hundred and fifty shares Of one hundred dollars each
70 S paid for at the time and IN the manner following
re Subscribers to the said stock shall into the hands Of
the President upon the zaon Of the company for bust
the Of Twenty Dollars in cash upon each and
Of the Company for the remaining eighty dollars payable
demand at the oc Of SAID Company at such times and in
ydcd that the shall be made by nstarnen Of
agreed upon BY said Directors, and thirty days notice
Frenc epd English languages n tW9 newspapers published
payments to be which said capital stock Of Three Hun
one Mion Five Hundred Thousand Dollars hereinafter
provided for
All the corporate powers Of said shall be exercised
~ the Monday January Of EACH Year. at the
office the Company Notices OF such elections shall be given
ii tie French ma English languages above prov for
The Board shall appoint three stockholders inspectors
at qc gffgR a9d Sny OF sad 9spee@Fs decline q
6rs Monday Of the month Of January e each and hold
ted and qualified.
s,ddEhode Who shall remain olce until Tie yst Monday
in January 1857 until their successors elected and qua
4 4 4 s %attsfson Fen sa@us Il B si5;non.
John HoGnns Jr lanes Byrnes
Edward Rgney, Charles Il. Walker,
George V Manson f. Thcn 35,N
A B. Hitchcoci, q N. soria,
| 2 A Eager, Charles E. Sayback,
| sIxTP.
u ali elections the vote shall be by ballot and those stock
sent shall be considered duly elected and in the event Of
s esis on a s rs5en sfs
| and give notice o! the same as aforesaid.
SEVENTH.
Each sockhoder shall be entitled either In person by
B5x TO 9 b eSeh anf sye share T ne she or they
| in ninety days prior TO said election.
/ EIGHTH.
elections directors provided vote be given to stock
holders Of the ana oe entitled to vote or each
corporation Or company be entitled to greater number
terred him within months prior such election
In the yearly dividends declared by said Company
insured shall participate to the extent Of the premiums paid by
them during the and the stockholders the extent of the
TENTH .
The insured who shall claim and receive return Of
and S socfhode al tho R ii profits
the Company
The insured shall in payment o their shares in the dyi
aencs re n TO iCGTe al pFen5 nsaFng ~
President Secretary shall contain the provso
and consume the reserve funds and the whole
part of the capital paid in sd certificates shall be reduced
as to make good the deficiency.
TWELFTH.
cerfosts shall be Issued for the fractional part Gf sum
dollars but all such fractional of sums and les
the company Shc6 shall ernan a. reserve nnd for tb
OF s be SO rs 'a a9
Thousand Dollars, the excess shall annually be dlyget
amongst the stockholders in proportion to their RESPECTIVE
interests in the Company.
THIRTEENTH.
The stockbolderg shall be paid their dividends cash. bu
the then paid shall ten per cent
the amount stock held by them, and the balance shall
u ne credit Oh UNPAID STOCK until the same
FOURTEENTH
The Board of Directors shall their FIRST Meeting in ever
year cleo! one from among themselves as Presdsnt aud Vic
President who shall hold their offices until their
elected
No person shall capable being Director Of said Con
continuance in office hold in his hat of the Corr
z shares of the stock of said Company.
sIxTERNTH
The Board Directors shall have the power appoint
ductng the Company or to ordain sue
rneS and as they may deem Necessary for the goy
ID this act '','''-' -'-- '''''iAS
1t They shall fix the compensation officers clerks
employees elected or employed by them in the servi th
may their IN the Presidency S"'"'''
SEVENTEENTH.
The BOARD of Directors shall have power invest from tim
mortgages unincumbeTd and improved re estate situate
deemed least double loaned thereon,
bonds aGS OF e ~ laws ths
States Of this tate or Of Corporations Of this State
curties bonds or stocks or o. collateral or bill
They shalt have to dispose mortgages obtained
OF Sg G deb y
rced or purchased public sale upo judgments orders
Been dS6
d S s SF S So ut S as
the said Company to discount negotiable paper
recty deal or trade IN buying selling Movable or immo
able property gGoS MF eS OF the FISH m gpeSeea ais
building for the purpose OF establishing an 9hice therein
EIGHTEENTH.
Yearly dividends shall be made of much of profits
sdH on 3 1n H he
forming part Of the profits of the Company and case
o. be- ssseSsd sS5Ssqaeat dividends s5a e nss'
such diminutun shall have been covered and made up
the profits. -
In the yearly dividends to be declared aforesaid
cent on the amount stock held by tem the SURF
sS Ps p pR e e h G s the d R
and Board Directors to issue certificates to the stockhot
'' tu' pa'N TWENTIETH
After the whole capital stock of the Company shall h
deduct each yearly dividends and lay by such part of
for Rsn y e ss and Seventy
have been formed and realized to be added to the
"" stock of said Company.
ger TBEETY-FIRsT
and ANY stockholders who shall fail neglect to ms
men when by she Board Of Directors provided
M herein shall forfeit to the Company all previous payne
nd and cease to be stocRholder OF said Company.
II TwENrY.sEOoND.
No stock shall be transferred unless such transfer be
on the books the company shOu any Sockhulder d
transfer bis stock previous to ia payment OF the same
ing de, he shah be permit ted to do by subst
ofthe obligations of the uary purchasing prnVded the
~ obligations salts aCtny to the Board Of Directors
TWsNTr-TBIRD.
At the time Of he expiration of the charter of this Conn
or sooner, ordered by vote Of the Stockholders az
provided for, the ahu s Of SAID mDany shall be liquid
paid under the charge and sqperntendence of
ICE suneTs appo nted by the Board OF Directors
shall remain in Office until the final liquidation
affairs of the company
TwEETYToURTH
street The President said Company shall sign all poce
preside at meetings Of the board; he shall nduc
manage the of the Company rally, under Il
peryrun BO I'd Of Directors; in his abserc
Vice President shall presi at such meetings
TWENTY-FIFTB,
II shall be the duty the President and Board OF Dir
within one month from the lose pir ton If ZACH
the Company to he published in the FIR Rch and
ph Ian e. and for the term of at asl mouth
statement under b. the business Of the Gnmpany,
Aar | statement shall inteiA Fist-fhe unit OF remu
r.iysd he what