New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-26

payments which said capital Of Three Hun
One Million Five Hundred Thousand Dollars hereinafter
provided for
FOURTH.
An the corporate powers of said compsny shall be exercised
d Bfsd% on tho & @
office of the Company Notices elections shall given
S nSSye sa iiSSOn
me BOARD sha appon thrs stockholders inspectors
SIDE at such eleco and II of said inspectors decline
fail to attend the President 9ha appoint Others to act in their
s Monday tie January II each year and to hod
the same one year heeiro or until their cleo
FIFTH
s9 ss BoS so Ct sa Rctos h@ consist the following
IN january 1867 until their are elected and au
4 4 1. S SatsSfson' Fen ss@a; Il g sa,,,.
John Mcnn, Jr, James Byrnes
Edward Rgney, Charet H. Walker
George ". Manson, N II. Thomas,
A B. HitchcocI & NJ -ora
c. a. Eager, Charles 4, Sayback,
SIXTH
II all elections the vote shall be BY ballet and those stock
eu shall Be esced and IN the eTens 81 no
seetn takng aee on u Gay aoresad the President shall
aud give notice o the same as ato eaaid.
SEVENTH
Each soekhoder shan be ent tied either in by
may respectively hold provided that no individual corporation
| in ninety days PRIOR to said election.
Each and every holder Of scrip shall be entitled at all
elections of directors provided said be given to stock
holders of the Company and he entitled for each
corporation company shall be entitled greater number
sfyoes than hy aud no person shall vote on scrip
erred to him within six months prior to such election,
NINTH.
In the yearly dvdenas edeelsrsd by said Company the
them during the year and the stockholders the extent Of the
capital stock held by them
| TENTH
/ The insured who shall claim and receive return of
TWENTY-FIVE per cent q their premiums shall forfeit the
the Company
The insured shall in payment of their shares in the
per cent interest which certificates SHAH be signed by
should the losses Of the Company any exceed the pre-
part capital paid in sid certificates Sd III be reduced q
| as to make good the deficiency
TWELFTH.
No certificate shall issued for the fractional part Of sums
between even Tens OF Dollars nor Tor any sum less than
COLLARS ont S such fractional parts Of sums and sums less
the Company which shin Femain a. reserve fund for tie
hereby created shall exceed Three Handd ana sTe9
Thousand Dollars the excess shall annually be dlyJed
interests in the Company.
| THIRTEENTH. ..
The stockholders shall paid their dividends in cash Int
The s1S1t S be RGn RSG e mot ten
paid in full 80
The Board of Directors shall their first meeting in every
year. elect one from themselves President and vice
elected. |''9'l' axe
FIFTEENTH.
No person shall be capable being Director Of said Com
pany who does not at the time his and during his
nee in 9f s hoa in his name o. in Of the Com
shares OF the stock OF said Company.
SIXTEENTH
he Board Of Directors SHAH have the appoint
ductn III 5e S os Eecessy doI The con
rules and regulations as they deem necessary for gov
With this state or the true intent aud mesHn o
this act. W
They shall tx the compensation Of the officers clerks and
epoyes elected 9r employed By them the serv Of the
may occur in their number or in the Presidency.
SEVENTEENTH
The Board of Directors shall have power to invest from
70 time the and m Of the Company in bonds and
mortgages on unnenmbered and improved situated
s S nlS it5 OIL me stats which IN eve case shall be
hey may also invest the profits Of the Company in any
States Of this Of the Corporations of this State or
ep "a bo ny osa p peage Of any Of the aforesaid
adns " VIA u
They shall hayepower dispose Of mortgages obtained by
way o. security OF Of stock Pisdged for security
seizure obtained by said Company property movable
nes; 1T otRng herein co1tind baIi R ~ p " puSl
authorize the said Company to discount 9n as 70
90 Tny othe 6ankng business nos either directly ind
abe property goods merchandise, provided also
that The company sna have the right purchase property
or building FOR the purpose of establishing office therein
EIGHTEENTH.
Yearly dividends shall ha made NJ CT, r,,ol F
me as shall appear advisable but the proportion Of
on Fsks WhGh snail not he terminated at
LIS ~ ahing sucA avlnenGs shall not be considered
parb OF the prohts OF the Company aud of
oss oses whereby TIE capital stock Of said Company
such dimnuton shall have been covered and made no bv
NINETEENTH.
,
In the yearly dividends be declared as aforesaid t
to be paid the Stockholders shall not exceed ten
cent on the of stock held by them and thu surp
stall be placed to the credit Of unpaid stock account nu
stock paid in FULL shall the duty Of the President
ana board OF Directors TO issue certificates
Tor iull paid shares.
TWENTIETH.
beor 4Lo ,h,,, ,,.u, -, 4,
bsa ~ "Ie fSis4l stqGk Of the company shall have
~, aaF u bltsctoTs sh 81 nave the right to
iiyengs a. I y ayqenes tna ny by such part Of said
more than Three Hundred and Seventy6vs Thousand Dollars
se n9en iored and realized to be added to the capital
'A VI S"u company
ANY storkb oldars yvho sb,u G, -. ,.,... 49,. :,
nent when ordered by tie BOARD If n2act, ps' ay install
"a 'eit 70 me company all previous payments
- ~ W 70 o o'oSNnoioer u SHlu company.
TgEsry.gFrorp
A., stooIr rluII H.. ..as--,
n I boTs 20 ~ qhltsS such transfer be made
q ~ 5;s snoq any stoCkhnder desire
~ %aa i 'eS petou 70 ~ payment ut the same nav
fhe 0b,ationp ~, m ~ 70 40 SO oy substitute
ued obligations actory to the Board of Directops
rYpnrrruRD z