New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-25
FOURTH

Payments made which sad capital stock Of T6ree Hun
One Milton Five Hundred Thousand Dollars as hereinafter
provided for
FOURTH.
An the corporate powers of said shall be exercised
by BOARD II Directors composed nineteen stockholders
office the Company Notices elections shall given
IN FTeac6 and English 6eye sSS fS0n
The Board shall appoint thr stockholders inspectors to pre-
attend the President sha appoint others to act in Their
rs Monday month January IL each year and to hSid
The same one year hererom until their
-EyTH
T4 ES Bos So Ct PSo sA" en-, so 5s as
in January 1861 until their successors eeleced quail
Mattsson, Samuel Boyd.
r e E &c eod 4s1t, =. T Il4s. n R, Simmons,
Toward i; Y i. Rigasy, " Shaes i. Walker.
a B. HitcbeoC2, & NJ SoFS,
c, a Eager, Charles E. Sayback,
In all elections the vote shall be by ballot and those stock
S ds sld e a s ne ne
elect taking lace on til day aforesaid the President shall
aad gTe notice o. tie same ms ao eaad.
sEvENTH
Each sochodar SHAH be emit tied either il person or BY
may aod provided tnat no i9dydna
| in ninety days prior to said election
4ra EIGHTH.
Each and avery holder 81 SGP shan BE entitled 6 i to vote a. al
holders of the Company and be entitled to for each
corporation or company shall be entitled greater number
then y and no person snail vote On any scrip Trans
g.. NINTH.
In the yearly ivdspos declared by said Company
ber, in ta and Ia III IN Inv ny . ~
capital st0ez Ae'a 0S 'HSh'
The insured Who shall claim and receive a return of
twenty-five per cent Of their premiums shall forfeit the
the Company.
| ELEVENTH.
sn bo sad receive ceeato poS II be sf9
per cent interest which certificates shall be signed by the
@ ina anu s9ag contain the poTtSo that
par If S VUss he FeLge sgs ana the whole or 4ny
az ~ mass soOu 'n9 'Sncsnry,
No certificate shall be issued for the fractional mart of sums
between even Tens Of Dollars nor for any sum less than ten
than dollars are to be passed. to the contingent aecount Of
benefit Of TIE sceS odes and So Soon as The reserve h
hereby created exceed Hundred and SEVENTY
amongst the Stockholders in proportion respective
1g,prrv$r,
The shareholders s,,alI he raid ttoi 5it7s i .. -,
the Anoant 70 Dc tgn psd shall not exceed ten cent
placed 70 the credit OF unpaid stock account until the
PAID IN inlL -
The Board Of Directors shah AZ their -oo., - -
year elect one from among themseea President AVID Vice
slacad ~ ' ~ 'et oN'ee9 ii'h vuelE successors are
|, FIFTEENTH
:, ,.a..,
person shai ue cpaole Oh oeng Director OF said Com
pan VINO does MT At me tune OF his election and during his
contn9 hee ~ qfe 9pd IN MS name or IN tfat Of the Gem
shares of the stock Of said Company. 10y
SIXTEENTH. .. a
The Board eF Directors shull bava the nov,ar 60 art -
officers iaxs and a. sb III bs ~ appoI sueh
dnr+jn n Az ht nas XII M; n,s, ~ .o euL
mis- and al +bs 80 W ~ S Si such
eminent ~ ajS fyron,- ra,, al ~ 49, i 'ot tLle g9t
with the laws If bia Stata nv tbe t[s into+ ] u
XXI ~ laws "a n 'tA'e of Inc 'Eue intent and meaning OF
N, -, 9
Ihy s TX the compensation OF the officers, clerks and
employees elected or employed by them in the seyi Of the
bophhy ana sst also nave power to MI all vacancies which
may occur N thelr number or the Presidency
SEVENTEENTH.
me Noard OF directors sht have poEer to invest from time
~ y w ~ X g Sgpa9y n ponas and
obir fb5s trt ~ ~ S+esn ~ Leal estate "
deemed worth at sast he "a o JaSs shA DC
as - f. ss u2u t tls s4toNn i9aned thereon
bnn5g r o"I ,rsnt9 pots i wv company ~ any
states 81 Of this state or Of the CopOaonS Of this or
OF aAe ahy oa or pledge Of any Of the Aforesaid
lss nohus or STOCKS or on any collateral bill Of
ia9giiHg. III
sheh 70 dispose Of mortgages obtained by
N o. seehoT OIL stoek pled4ed Tor security; Of
perry conveyed 20 them IN satisfaction Of debts previously
ny pgnc SAFE upon Judgments orders Of
mmovable which may have been pieded IN abspdn To-
said company for Or concerning the operations Of its bust
~ htein contained shall be SO construed
5uoSe the SAID Company 20 discount negotiable paper
ractlv 1en r. ynda m bIyin ~ " iu