New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-07

SEC They shall continue Office the Monday
Of May 1851 Or until their ia office shall have been
Board shall take their seats Monday May
year thereafter failure elect At the
first election on the first Monday after due election,
ARTICLE SEVENTH
SECTION In all elect the snail be by ballot
those stockholders receiving piurat votes of the
socs represented snail be considered duly cleo the
President shall mother election take psre within ten
EId aGoi eS r.
by proxy for each every hare which he she they
shah be allowed to vote more than two ndTed shares in HI
that of his firm election for Directors
''' e'-'rH41' ARTICLE EIGHTH ...a d..
sRcroS The officers of the Company shall consist Of
OF Directors may deem necessary
The Board Of Directors shall have power employ
clerks and employees as are necessary to conduct the business
SECTION The Board of Directors shall at their FIRST meet
every year Of the company elect among themselves
Predenf and Vice President Who shall hold their Offices
until their success 9rs in office elected and qualified Other
oser eteI ned On ssc9rd1g to hs to be elected
| successors are elected ane qua lied.
ARrIoLE EIER
SECTION The President the Company shall sign all poll
manage its business generally under the supervision
Board of Directors case of his absence the ViCePesiden
shall act in his stead
SECTION l. It be the duty of the President and the
Beard of Directors within month prior the close
year Of the Company tn to be puohea in the
French AID English languages and for the at least
month"; full statement under OATH of the business of the
Company which shall con ain
Tying what amount was received for ire maritime and river
D. The amount Tossed during year specifying
what Of losses have been incurred under each Of the
different kind OF policies.
The smon9t Of capital stating the portion of the in
| vested in securities an enature thereof
The amount Of expenses and net earnings Of the Com
pany and in what those earnings consist
| ARTICLE ELEVENTH.
sRoT1oR1 The Comp my to the assured such
return premiums in cash as the President and Board of D
After paying al losses and expenses incidental to the
Company, the earnings shall be divided among the stock
holders rata and be placed credit their
| until the same SHAH ecOme fully liquidIed
When the Of the stoCkhaders shall have been fully
paid there shall be issued to each st cAhOuer certificates
ends declared by the directors shall he able stock
holders in cash at such times as ordered by the Board of D
rect"rs
This act of corporation may be modified altered or amend
ed the said Company dissolved at general meeting of the
stockholders for purpose thirty
herein provided for with the of of
the stock represented at such meeng and and all such
notifications alterations amendments dissolution shall be
recorded and published according to law.
/ ARTICLE THIRTEEN
At time of the expiration of the charter ths Company
ordered by svote of the Stockholders herein
provided for the affairs at said Company shall ne quidsted
Comm sont to be appointed by the Board of Directors
shall remain III Office until the final nqpida Of
affairs Of the Company
| FOURTEEN.
The and respective interests othe Subscribers to
act hereby declared to be Us follows, TO. witt
1--we On AZ day rOnb and " Az 6rss n; -.
sence Messs Frank Seshers and au Robeot conp Ten
tpesses who have hersgnto sg their names, togethe
The names Of spbSeribets on Q5ls' nal act.
RoBT. j. KER, N. P.
certify the fosgong IT, be true copy the original Ae
nd inf m