New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-09

isE eoon Re s have made ~ citation MS
s sRd s S u sS o9 to e appointed
he hereinafter provided for uu
md Seventy FIVE tiogssnd dollars divided three thousand
even hundred fifty shares OF hundred dollars eacn
d be Maid for at the and in the manner following "a
T T to the said stock pay the hands Of
the President upon tie organization Of the COMPANY i9F bust
ness The sun 81 LWe mem and rnih theft notes to
the oompssy for the M eey sSa s and in
manner the Board IF Directors nay oeeFFne P5
than WENT dollars Gp as s a S daSs notice IN tie
French and EngS angTsse u so EVER IF syment Or
e Be msGs TaGl SG Doa s nav be increased to
One Million Five Thousand Dollars as hereinafter NJ
providedfo for
An the corporate powers Of shall be exercised
by Board Of Dectr COMPOSED o. nineteen @ M the
ooe Of The COMPANY Notices Of elections shell be given
az lie F4e66 Ind lG Eh ngb ove
The Board ba app9n farse % AZ insbecoTs decline or
shall aR7Qn Gff bs to seats sS n on saf the
Monday the month Of 10 each year and 70 e
ted qualified.
The first Board Of Directors shall consist Of the following
se3 Ia Ri1: 1851 Fnn'n 'D'' S''',ss,s ~ ~
IL Z. a Ssf.on f ss@oS \ I s@inons
| John mcGinnis, Jr., James B Y Sg,,ka e
| Il. Il. Stanley H 4. Wheelock
Geq p N " MaRs0n' \ 2 2 B ke0es,
? Fitch Hitshoooi Gbs n s2 Z. slnybacE,
~ q A"s''' B. l. Mann,
In all elections yote Shall be by ballot and those stock
t 2 yees aDd the he eTeG 81 no
election taking PLACE on tn day aoTesad me fsesben
and give notice OF the same as Aforesaid
SEVENTH.
tGeEode s b BS sR SHARE S se
may epeciyey hold provided that nc 9al'qna t
in ninety days prior to said election
EIGHTH
Each and every holder scrip be entitled to at all
elections Of directors provided said vote be given to stock
a0 sTg hnndred dollars scrip that
cqp9ra9a or n s pon shall on scrip
ferred him within six months prior to such election
In the YEARLY dividends to be declared by Company the
participate to the extent G he premiums tsn P%q t By
Q s capital a1s stock s held By them.
The insured Who shall claim aud receive a return Of
insured stockholders all their rights in the profits Of
the Company.
The insured shall in payment Of their shares IN the dly
bends be entitled TO jgcge shah be- signed by the
President and Secretary shall contain the proyo that
should losses Of the Company in any year exceed the pre-
Of eapisa paid IN said certificates a De
tiers TWELFTH.
a shall for the n fractional snD PsF st tgI
u dollars but ali such parts sus and sums les
the dollars are to BE pasG to @ nd for tn
the s 9R R ' and seventy
Thousand Dollars the excess shall annually o9 gpeey
rent interests the Company.
Is in THIRTEENTH.
The stockholders shall be paid their dividends in cash ou
the amount to be tRn RsG Ss and {be balance shall
ring placed credit Of unpaid stock account until the same
this paid in fun. rornrrrvrH
and Foul'lLhN4h'
at in
than Ge sSt, %Ro shall hold their the
elected -
M person shall be capable being Director of said Coz
continuance office hold his or in that Of the c9t
gbaras Of 'f the stock Of Company.
Au'
The Board of Directors the to appoint su
clerk and nPoSss ad Company or 70 odan
rules and TssG cn36 ~ wy 5roTded The same shan
'opSy' H tbis a sas ''"S '''' 0's'
e They shall fix compensation Of the officers clerks
employees employed by them s II n T.s ssEy vt
may occur their number or in the Presidency
SEVENTEENTH
The Board Directors shall have power to invest from
to nine the money and capal Of the Company III bonds
mortgages unincumbered and improved real estate H9
deemed worth at douoeth amoun loarsd thereon
They may o sso cra age b Se or p an5 Il s s In
States this Of the Corporations OF tats stat
c c{ bonds or stocks any collateral or bill
shall have t to bse a s2asy o
perry conveyed satisfaction Of debts previously
OF purchased a. PSG2 sn @PG a mov
nmoyabe which may have been pledged or sPaPGon
npound ness nothing herein contained a be g construed
the authorize he SAG p hnsne nor either directly or
AM able property goods wares of ne[S t pro
Of Bos or building purpose Of establishing an oee there
.;t;onors EIGHTEENTH.
Yearly dividends shall be made Of 50 much Of the Iro
1868 premiums received risks which sh not be ten9a
oFmng part Of the profits the Company and
o any losses Whereby tie capital stoS Of said Con
is such diminution shah have been covered and made
EAPEST the profits. r,r,r
In the yearly dividends 70 be declared as aoresa
MD san op the s doant Of stock held By em the
shall placed the credit Of rnpea stock SGe94 S %
and Board issue certificates to the stockh
.3 loF iul pau SN"'' TWENTIETH
After the whole capital stock Of the Company shal
deduct from yearly dividends and lay by such part
6Ues thsn y fhFss
shall formed and realized to be added to the
stock of said Company.
ANY stockholders who shall fail or neglect to any
me a whsn oTeFsd beard q DIsctors PROV
.. and ot cease to be a stocRhoder OF said Company.
UPS rwEsrr-sEcorD.
@ on the BOOKS Of the Company toeR9oosr
weats, 10 transfer MS toea prYI TO de- 80 by So
gers The obligations marty purchasing PROVIDED the
uted obligations satisfactory to the Board OF Direct
Wv TwBNTT+THIRp.
At the time of the expiration Of the chaerof this ca
rgyen of Sroydsd for the Affairs Company shah be q
various paid under the charge and
10 10 P i ice Tnt the Bna nGudatign
/, and may s wfs the Company
follow the TwESTY-FoUKTH.
opium and nh, p4+ n said conpsny shall sign all poll
preside II all meetings of the t'Rrdi he s6al' c nc
gress from manage the bust ess Of RE TO pay sea HI, s
ce- I reside shall presi c at such meet go
Dr. LARGO TwEsTY-FtFTh
found II shall be tie duty President and Board
all Con within month from the close ar g. ;I
several the and far he eT Of at las one mon
}, Ftater er under OATH the business 81 the GhnPal
statement shall crntaiE First-Ihe amount Of rrsI
csyed during the year specify NJ what amount " a.
for life Insurance for in uTance against acctg ent wh
Are what on maritime policies, ard what on river
title ss:o dlRe amount 2, S3 sa On o b7
saehusetts anYS " M srntne the nr.ian ii se ..ae