The south-western. [volume] (Shreveport, La.) 1852-1870, 1866-09-19

elected and qualified and the Directors elect in each
Board shall take their seats on the first Monday of June
Of each year thereafter or, in the event of failure to
elect, at the first election, on first Monday after due
election
ARTICLE VII
!. In all elections the vote shall be by ballot, and
those stockholders receiving plurality of the vote of
the stock represented shall be considered duly elected
and in the event Of no election taking place on the dav
aforesaid the President shall order another election
take place within ten days thereafter, and give notice
of the aforesaid.
g. Each stakeholder shall be entitled either in person
or by proxy ovote for each and every share which
she or they may respectively hold; provided that no
individual or firm shall be allowed to vote than
two hundred shares in his name or that of his
firm at any election for Directors of the Company
ARTICLE VIII.
/. The officers of the Company shall consist of a
President, Vice President, and such other officers AS
the Board of Directors may deem necessary The
Board Of Directors shall have power to employ such
clerks and employees necessary to conduct the
business of the Company
O. The Board of Directors shalt at their first meet
ing in every year Of the Company, elect from amongst
themselves President and Vice President who shall
ted and qualified. Other officers determined upon &C
cording the bylaws to be elected at the time
aud to continue likewise in office until their successors
elected and qualified
Article N
!. The President of the Company shall sign all poll
cies, and preside at all meetings of the Board he shall
conduct and manage the business generally under the
supervision Of the Board of Drectors in of his
absence, the Vice President shall act in his stead.
ARTICLE \.
l. It shall be the duty of the President and the Board
Of Directors within month prior the close of each
year Of the Company to cause to be published
for the term of at least month, full statement,
under oath, of the business of the Company which
shall contain 1st the amount Of premiums received
during the year. specifying what amount was received
for fire. maratine and river policies. I'd. The amount
of loss incurred during the year specifying what amount
of losses have been incurred under each of the differ
ent kinds Of policies. Sd. The amount of capital sta
ting the portion Of the invested in securities and
the nature thereof 4th. The amount Of expenses and
net earnings of the Company, aud in what those earn
ings consist.
ARTICLE HI
l. The Company shall make to the assured such re
turn premiums in cash the President and Board d
Directors shall deem expedient.
. After paying all losses and expenses incidental tT
the Company, the net earnings shall be divided among
the stockholders pro rata.
g. When the notes of the stockholders shall have
been fully paid, if ordered by the Board O
Directors there shall be issued each stockholder Ger
tfcates of stock for the amount of their subscription
All other divisions declared by tie Directors shall be
payable to the stockholders in cash. at such time
dered by the Board of Directors
Article XII.
y. Ihis act 81 corporation may be modified. altered
ar amended or The said Company dissQyedata genera