New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-13

he Predep upon the organization the for bust
e s scribed by them and notes the order
Company for the remaining eighty dollars pay sD IN re-
the Board Of Directors may detertne pre- til
than twenty each share at such eriods @ may be
French English languages in two newspapers published
daily the city of New Orleans shall be sye 81 OF el
area Thousand Dollars may be increased
One Mion Hundred Thousand Dollars as hereinafter
provided for
An the corporate powers of said company shall be exercised
by a S9e5o the rst Monday in January year
and continued days lately preceding sad election
The Board appoint three stockholders INSPECTORS e pre-
mi to attend the PTesdent appo1t Others in their
stead Board thus elected are TO take their seats on m
Of each to
the same year hereo until their successors are cleo
ted and qualified {
The first Board of Directors shall consist Of the following
in January 1851 until their elected and quail
j. A. Matteson Samuel sIL Boyd.
f E S Sedan Jr Ta2 \ By s@non'
} EdWa Tii Rgney, o. SEsSles +. Walker
George 5i " Manson, n, 4, Thomas Thomas,
{. q a. Eager, Charles E Slaybaek,
SIXTH.
In all elections shall by ballot and those stock
sns Ra Be- aaasideed duly elected @
taking place on tn day aorsa, the PSesde9S s9a
and give notice OF the same as aforesaid.
SEVENTH.
pr5Ss to vote for each every which she they
may respectively hold provided that no Individual corporation
ri onpany vote transferred tO him them with
in ninety days prior 10 said election
and everv holder of scrip shall he entitled all
elections directors provided said vote be given t. stock
holders the Go9gay aa % proTdeS that ndyidaa
corporation company shall be entitled 70 greater number
tsrrsd to him within months prior such election
.
e si Sgsisaa s Ssaas
them during year the stockholders to the extent OF the
capital stock held by them.
TENTH.
The insured Who shall claim and receive return Of
oher insured and stockholders profits of
the Company.
The insured shall in payment ef their shares in the dy
er cent Interest which cedcaes shan be signed by th
President and Secretary and shall contain ne poy99 mat
NUNS funds and the whole or IN!
at IS to make good the deficiency
ID TWELFTH.
to No certificate issued for the fractional part Of sum-
between even Dollars for less than Ter
y dollars but fractional parts of sums and sums les
as lie Company which remain reserve fund for TIL
or Srea GS Three Funded
Thousand DosT he Excess nrop sn 10 their
interests in the Company
THIRTEENTH.
Tho stockholders shall be paid dividends in cash. blu
be then s Rs mot 5s 6s bann Ps sh
to the credit of unpaid stock account until the same
paid in full
The Board of Directors shall their FIRST meeting in ever
0 a ess sR a e asS
DDS elected. -
No person shall be capable being Director Of said Cor
the many who does Of his election and during
Continuance hold in his in that OF the C9g
shares of the stock OF said Company.
a.. SIXTEENTH
The Board Of shall have the to appoint SUI
dpcng of the business q said Company or 70 SFo@n 81
oo Of said Company provided the same shall net cont
the this act
E. They fix the compensation Of the officers clerks
compsny and have f AZ vacancies VIII
own may occur their number or in the Presidency
SEVENTEENTH
loot The osrd of Directors shall have power ii
the money and cayta q the CGmga9y IN eoaaS
within this limits Of the state which in eve case shall
the ThSy mn also invest the profits the Company in
bonds Or stqsk created oy s4GsT sne s Of b
tnem City make any loan Or pledge Of any 81 SRe
eurtes bonds or stocks or on any collateral OF Oil
TRsy shall have power dispose Of mortgages obtained
peryy conveyed to them satisfaction of debts previously
Of % a5yynGSne
90 GnaS Tas1 or espcenng The operations Of
Tenth nothing Aeren snS se G
with DO any other bsnsng business nor either directly Or
riding able nroperty goods wares merchandise provided
in all that the company snail have tne Tignt 10
ances, or puiluins' ioi '"0 p pa. "
Yearly dvidsnds shall be made Of much of the prof
eb GEmR"P Psv sds on 'PeSS Which
time Of making such nrs " ne omp1 1S %
D. bnt onS P glereby the copite stock OF said
such Da dmnSon shall have been covered and made
the profits, -
yearly dividends be deoi .SsI Is s eSresp
be paid to the ed by f tem Dr nd he
snail placed t" the credit OF unpaid stoGk seea4h S
Ku and Directors issue certificates to the oekh'
twenty for fun paid shares rwrN7rrH.
After the whole Gpits 5 GSk Of the s oGmP sgS sea "
s S Sssn Fro from each yearly By SUCH
to him hey Hn ny qR n PIoSs osdnd
ompee formed and realized to be added to the
stock of sad Company
TwENTY-FlRsr
Any stockholders who shall fal or neglect to pay any !
me ordered the Beard Of re 9sy as
haae a9d cease to be ooshoeF Company
EwEEFY.sEcosp.
Baptist No stock shall be unless such transfer ba
on the books the Company; sho9 any stoGk9olaer
transfer his stock previous to tu payment OF the san
depha the obligations of the PARTY purchasing pr9vise the
tinted Obligations satisfactory the Board Of Dheet9
u.s. their TwRsEf r ln1 .,..,. r..
ordered b yotG G o the to ssR be- a as
ts debts paid charge and superintendenee o
Commissioners Appo nted by the Board OF nirecto
VINO shall remain in office until the final liquidation
affairs ofthe Company.
rWENTY-FoURTH
the The President Of said Company shall sign al pne
rres5e at All meetings of the hOard; he hal ndt
do be g IN Bosrd of Directors; in his
may be Vice President shall prese at such meetihgs
forward, TWENTY-FIVE,
1t shall be the duty the President aud Board OF =
ritbin one month the close esp lr40n Of tGoh
8Y the lenDany 10 cause published in the French
sh anuuassa and for the term OF at least one mont
Penn under OATH the bReiueys Of the Gem4an
stsIennent shall ntaiE Fi,st-Ihe amount OF ren
| r,yed duting the year specify what amount was
for life for insurance against accis eatf VIII
aTe what maritime paices, AID what On river
Fsco dThe amount OF Losses incurred during me ye
tng designating vi amount Of losses have been
under the different binds Of policies st"resalo, y
,wp in the cTes and lie ys v Fl t The Securities
rwENTY-sINTH,
Agents That no sEoskhoder shall ever W as ""' % '