New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-17
Articles of Association;

Ap~rr5r Tho name Of this Corporation shall be the
"1ERGaANiSi EXCHANGE COMPANY Or hEW Q *.
LEANS ia domic fixed in this city ana snail al the
option Of the Directors have common seal o su ue'iee as
GRT fhe object purpose Of this Corporation is to
maintain the character and promote the mercan
tile interests OF the city New Oreahs Oactae exchanges
Of commodities nGulcate Just and equitable principles in
trade to establish tG nbb and dssepate vagabe bGs
meas ntornaon prevent as far practicable cJnrover
trade and abrae aud settle the whenever appeal
shall be made t9 y for that to carry ont end facilitate
for the meeting Of the Stockholders nd such
a. he Merchants' Exchange" and at which Exchange
Goods, Wares Merchandise Produce ETC. may be bought
% S2ia e'o Oy sample Or OIh'r
ART The capital stock of this corporation is hereby fixed
at the sum of One Hundred Thousand Dollars represented
thousand shares Of fifty dollars each, fifty per Of
articles and the remainder such and at such times
The Board of Directors order but the corporation may
subscribed for The said capital stock may however, be
increased to sum not exceeding two hundred and fifty thou
sand dollars in the provided by law
jOry Of the stockholders determine and may also be
reduced In amount in like manner.
at 4 AZ e corporate powers Of the eoaPSra9n shall 6s
Ay directors, All OF whom sinai! be stockhodgTs TO We
selected annually in the hereinafter provided Of
The persous so selected shs offices the
term year from Chg dates Of their election except forthe
present first term which is hereinafter limited
The said Directors shall choose Secretary who shall be eX
Such other ocers employees nay Necessary ghosha
receive such for their services e. the Directors
the viii Of the Board Of directors The said Board Of Drec
tOrh Bhal also nave the power VhCAlClts " tle
body arising from any whatever and TO make adopt
alter amend such by laws they may think proper and
Each 5ockhoder be for every share
| Of stock owned ~ him in hs own name. ,
ART The President Of the corporation TO be elected
hereinafter provided is declared 70 be The proper officer on
g. It fh be the aty q the President to preside a. al
the Board Of Directors andto ea extra meetings o. ne board
whenever he dean II eHpeden or upon the written re-
meeting Stockholders notice the same being given
Ohange and in Of the cy newspapers for at least
I
accounts previous their being paid by the Treasurer
order Of their seniority Of ot 70 perform Tie duties ii tie
President in Of his absence disability, and TO exercise
ART s. The Board Directors shall hold stated mestings
Tbey in the eq1ire Of any Seer
appontee good and sufficient bond conditioned upon the
bis successors 10 Office The Board # Directors shall
power to examine written charges preferred against any
Der Of the for misconduct business
breach Of contract false fictitious report Of sales pu
hase Or any other act contrary to good faith and far deal
Ing and report the ut annual or called meeting
ee soekhoders ASKING TAG suspension or expulsion o. thf
oHenGhg tnenpe 10 member q the Assoctton ho%evs
shall be suspended or expelled without having opportunity
| and to plead in his defense. All votes suspen
sion or expulsion of members shall be by ballet ant
any member having been expelled shall be ineligible K
his disability The Board Of Directors shah also
each annual meeting submit report Of their proceedings
the pat and the CONDITION OF the affairs Of the
and Of appeals and such other committees win in the
opinion best ubserve the objects and purposes of this
o oueh committees may adopt rules ana Fegalatoh5 -
their own government subject to the eproyal Of the Board
Directors and not contrary to this charter and the rules ant
ART Tie stockholders shall meet annually for the cleo
ness the second Monday Of December of each year
nenciDg in the eighteen hundred and sxtysx and
that date the the officers elected the time Of the
ganitatiS5P Ct his CORPORATION shall cease
ared be the officers and directors of this oroOraton VII
shall exercise Jurisdiction SUCH and remain in Office unit
their successors elected heretofore provided to wit
CHAs, BRIGGS, President.
J. B. MURTsON, First Vice President
S. H KENNEDY, Second Vice President