New Orleans daily crescent., 1866-06-27

John McGinnis, Jr., James Byrnes,
George W. Manson, n f. Thomas,
A. B. Hitchcock, q. NJ soria,9
G. a. Eager, Charles E. Slayback
SIXTH
In all elections the shall be by ballot and those
sent shall considered duly elected and in the event 81 no
election taking Dace TIL day aforesaid the President shall
and give notice OF the same as aforesaid.
SEVENTH.
Each stockholder shall be entitled either person or by
may respectively hold provided that individual corporation
in ninety days pror 20 said election.
Each and every holder Of scrip shall be entitled to vote at all
holders OF the Company and be entitled to for each
corporation or company Shall be entitled 70 greater number
efvoes than FIVE aid shall vote any scrip
eEred TO MIN within six months prior to such election.
NINTH.
In The {esry ddeno to Be declared b said Company the
them during the yea and tie stockholders to the extent Of the
capital stock held by them
The insured who shall claim and receive return of
twenty-five per Of their shall forfeit the
other insured and stockholders all their rights in the profits
ELEVENTH.
The insured shall payment of their the dvi
dends be entitled receive certificate of prons bearing
per interest which certificates shall be signed by the
the Company in any Year exceed pre-
part capital paid in certificates be reduced
as to make good the deficiency.
TWELFTH.
No certificate shall be issued for the fractional part
between even Tens Of Dollars nor for any sum less than ten
dollars but all such fractional parts Of sums and sums less
the Company, which shall remain fund for
hereby created shall exceed Three Hundred Seventy
Iaogsa4a DgsTs ne excess snei annually y be dyiaed
interests in the Company.
THIRTEENTH.
The stockholders shall be paid their dividends in cash
the be then paid shall not exceed ten cent
the held by them, the balance shall
FOURTEENTH.
The Board Of Directors shall at their first meeting in every
year elect one from among themselves as President And Vice
President who shall hold their offices until their
elected.
No person shall be capable being Director of said
any %nq does n9 at o 3 G IN H. OF n IT a and % 4F M his
ercal house Of which he may be partner at least fifty
sIxTEENTH
The Board of Directors shall have the power appoint such
officers clerks and employees shall be necessary 0r the
ductng OF the business OF said Company or to odan such
rules they may deem necessary for the
this act.
They shall fix the compensation of the officers clerks and
employees elected or employed by them in the serv of the
Company and shall also have fill all vacancies which
may occur in their number or in the Presidency.
SEVENTEENTH.
The Board of Directors shall have power from time
to time the money and caual Of the Company in bonds
within this limits of the State which in eyey case shah be
deemed worth at least double he loaned thereon
They may also invest the profits OF the Company any
bonds stock created under the laws of the United
City make any loan pledge any of the aforesaid
euTties bonds or stocks or on any collateral bill
They power dispose mortgages obtained by
pey conveyed them in satisfaction of debts previously
raced Or purchased n public sale ndgmensor orders
or mmovabe which may have been pledged or abandoned