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

notices and other legal process wherein the Company be
interested shall be served lie President appointed
the manner hereinafter provided for.
THlRD
The capital stock Of said sPpaay ha be three hundred
hundred and fifty shares Of hundred dollars each,
to be paid for at the time and in the manner following
The subscribers the said shall pay the hands Of
the Of Twenty Dollars in cash upon each and every
Of the Copasy for the remaining eighty dollars payable on
demand at the office of said Company at such times and in
vded that shall by inselents of
agfeed UPON By said Directors and thirty days notice in
Pd aFg " Ns o ys
payens to Be- made which said capital stock Of Fhree Hun
Million Five Hundred Thousand Dollars hereinafter
provided for o.
All the corporate powers Of said company shall be exercised
elected on the Tst Monday in Of each the
office of the Company Notices Of such elections shall be
The F FaspSh and Engs
dG such S ANY of said q dGqi
stead The Board thus to
first Monday Of the month Of JanuaE n each and hold
led AID qualified.
The i Board Of s haa c consist n5 e s the
sed sRiGas $780, or 'N nS'' are 'Ss''0 ana
4 E E. e aaisffs0n' fh s%ps e. H Simmons
E fSRR mf RRnes 'F chae BHKn Walker
T. 4 Stanley "a sg,.on \ A %Tsh nssbS
A. B. Hitchcock, G NJ. sora,
B. L. Mann
elections the shall by ballot,
holders receiving plurality Of Of the stockholders pre-
s 9
another election take place within days thereafter
and give notice OF the same as aforesaid.
Each stakeholder shall be entitled, either person
respectively hold provided that corporation
in ninety days prior to said election.
EIGHTH.
Each and every holder Of scrip shall be entitled to vote at al
holders of the Company and be entitled to vote for each
Be- greater
fered him within six months prior to such election
the yearly dydsnds to declared X said Company the
them during and the stockholders to the extent of the
per aS sAa aeF Pam PRa s6a eEP5n 81
other insured stockholders all their rights in the profits OF
the Company. .....
insured sha in payment Of their shares in the diy
which certificates shall be signed BY the
should the losses the Company any exceed the
nms and consume the reserve funds and the whole or any
as to make good the deficiency.
TWELFTH.
No certificate issued for the fractional part Of
between Tens Dollars nor for any sum less than ten
doll r
a JoIar he psssd to the Contingent account Of
bs omnanv Witch shall remain a. reserve fund for the
and so soon AZ the reserve funds
berv reaed shall exceed Three Hundred and Seventy Ave
Thousand Dollars the shall annually be DIVIDED
amongst the stoGkholdets In proportion 10 1ne Respective
interests IN the company
| THIRTEENTH.
T shall he Maid their dividends in cash hut
the be then paid shall not exceed ten per
e sr,on of stock held by them and the balance shall be
sced f til credit of unpaid stock account until the same
paid in full
t fouHFEhNFh'
The BOARD of Directors shall at their first meeting
elect one from among themselves as President aod Vice
Predent who shall Mold heir until their successors are
elected
FIFTEENTH.
No ersn shall he canable of being Director of said Com.
many who does not at the time of his election and during
rnntnu nee In Office hold in his name or Com
nerca house of which he may be partner fifty
y shares of The stock Of said Company.
= |
20
The Board OF directors shall nave the power 10 bucn
officers clerks and employees as shan De necessary o e con-
Quoting OF the business Of SAID company or 70 9ua sncu
of rules and regulations as they may deem
eminent OF SAID Company PROVIDED tne same sh
with the laws OF this state, or the true intent and meaning
Of this act.
" Ihey sna % que Nv o in tbs ssrvi of III
Company shall power 6 all vacancies which