New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-16

proyidsdfo for
FOURTH.
All the corporate powers Of said company shall be exercised
by Board Of Directors composed Of nineteen stockholders to
office the Company Notices elections shall given
and continued for days mme lately preceding said election
The Board shall appoint three Stockholders inspectors pre-
attend the President shall appoint others in
stead The Board thus elected take their seats the
the year hererom or until their cleo
ted and qualified.
Tiki 5 Board Ct ba s@s ha so @s tie 0 oT5ag
fed, viz:
+. :. Godsl Thos 4 simmons,
Edward Rigney, Charles Il. Walker,
T. H Stanley. I A Wheelock,
ae2 s. M ~ haR'on n + + K Rs2@9s
A. B. HitchcocG g. NJ soFias
B. L. Mann
SIXTH.
In oil elections the shall by ballot those stock
hofeE 5 FcSv p G q Of the toe
election taking place Oh tn day aforesaid the President shall
cause another election to take place within ten days thereafter
and give notice OF the same as aforesaid.
SEVENTH.
Each sockhoder shall be entitled, either in person by
P ho provided Bat m
company vote stock transferred to him them with
in ninety days prior TO said election.
N tu
Each and holder Of scrip shall be entitled to vote at all
] q GsS0 n Sea efe pc gwen to stoek
and every hundred dollars scrip provided thatno Individual
9votes than FIVE aud shall any scrip
fered to him within six months prior to such election
In the yearly dividends to be declared by said Company the
insured shall participate the extent e. the premiums paid BY
capital stock held them.
The insured who shah claim and receive return Of
of their premiums shall forfeit the
other insured and stockholders ali their rights the profits
the Company.
The insured shall payment their shares the
per cent interest which certificates shall be signed by the
Pres5eRt and Secretary ana snail contain the proyso that
mums and the reserve funds and the whole any
ps saod deaioa Sn o'
TWELFTH
No certificate shall be issued for the fractional part of
between Tens of Dollars for any less
dollars but all such fractional parts of sums, and less
the company hcR shall eman reseFSe fund for the
Rerey created shall exceed Three Haadred and seventy
Thousand Dollars the excess shall annually be dlvioed
interests in the Company.
THIRTEENTH.
The stockholders shall be paid their dividends in cash but
the then paid shall exceed per cent
the stock held by them and the balance shall be
placed the credit OF unpaid stock account until the same is
FOURTEENTH.
The Board Of Directors shall at their first meeting every
year elect from themselves President and Vice
President who shall hold their offices until their successors
elected
No person capable being Director of Com
pany who does not the time Of his election and during his
contn nee III ounce ola IN nus name or ~ that q the Com
shares Of the stock Of said Company.
| .t,
siAIEENfH'
The Board of Directors shall have the power to appoint such
officers clerks and employees shall be necessary the
Quoting of the business said Company, ordain such
rules and regulations as they may deem necessary for the
OF said Company provided the shall conflict
with the laws OF this State the true intent and meaning of
this act.
They shall fix the compensation of the officers clerks and
employees elected employed by them in the serv of the
may occur in their number or IN the Presidency
| SEVENTEENTH