The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-28
ARTICLE FIFTH.

maze up LIST By allowing them go fifty cent the
either of he profits Of the Company OF pro-
portion on future assessments
ARTICLE FIFTH
These articles Of association may be modified or altered
and the capital stock Say be excsed
provided by law with the OF thirds in
All the oetained in general meeag convened
Whenever any Increase of capital shall be duly authorized
pspen published in the ey OF New Or.sns thin which
time u ave the Ps 81 Of taking additional
SHARES not tss1 st ,as rat o. that time may Be dis
but not at less than par value.
ARTICLE SIXTH.
powers of thi. Corporation shall vested in the Board
own IN his own right 2sOW twenty-five hundred
dollars OF the capital stock Of saio Association.
ARTICLE SEVENTH.
On the first Monday April, 1862 and annually thereafter
:, ssSn ~ s. u eeso oy the shall
OF least ten days shall be given In
Published in the city OfNew Orleans.
ARTICLE EIGHTH.
plurality Of votes Counting vote for each share
shall 81 their fret nesting after their election Choose ONE Of
theis number fI President Of the Ass stian shall
citations other legal process shall be served
shall BE- the duly q the President 70 preside at all
act Board shall elect Of number pro tenn Who
President
All elections shall be BY ballot supsrintsndenos
Of inspectors appon cd by Board one veek
70 set Of Inspectors the Presidents Of the board y
point others in their place.
ARTICLE NINTH.
msjcrity ofthe Board shall be necessary to form ono
and sdecision ofsuch majority shall be valid
The Board Of Directors shall power and are hereby
authorized buy aud sell such real and property
may be required for the use Of the Company.
=
The Board Of Directors shall appoint secretary and all
az he al ne the o. s
amount Of security that shall be required from o. said
the Of the ordinary business oths
they may deem expedsnt and may also sopoint agents With
IN and without the State, under such conditions them
laws rues and amend and alter the same
eye The interests Of the Corporation may require E and
their Board Such may be declared on
insolvency absence without leave three
ARTICLE ELEVENTH.
Books registry transfer Of shares Of the capital stock
81 anI h snss 6 e s .s rs Gsss
said books and By the toekhOdsr mis- attorney and
nencs or may require but not for longer period
Should any subscriber stock desire to transfer the
same previous TO full msnt having been made be
pSty purchasing provided that the substitute Is sssfs
tory TO the Board Of Directors.
ARTICLE TWELFTH.
failure from any to elect Directors on the dav
named for that purpose shall dissolve Association
held Of which shall be given as provided
for in Article kighth and cOntlnus until election De
ARTICLE THIRTEENTH
tors other purposes shall be entitled drecy or by proxy
to yoe on each share Of stock held by him provided that he
ARTICLE FOURTEENTH.
This corporation shall exist for the twenty years
from the dae Of the recording Of this he oce Of
the Recorder Of Mortgages in this city
carried with only Onehs Of its capital stock
ARTICLE FIFTEENTH
The following named Ocaholders viz; George Foster J.
Hunt are hereby tie @ Boas Of DSec 0.se o
sss :. their hTs %sssg sss' one Of their number As
their successors TO be elected provided in Article
ARTICLE SIXTEENTH.
The Board Of Directors ACCEPT, professionally any
amendments Of ~ under which the same Is formed or
anal sccsptsnce Of sDy such power ard psisS s, Ne G
emned BY vote Of the majority in amount of the stock
holders
ARTICLE SEVENTEENTH.
The Liquidation Of the affairs Of Association shall be
made by three commissioners appointed BY the sOchOde
al meeting convened for thar purpose ser sixty pre-
quSsiors shall solvent persons residing ia this city
not INDEBTED TO the AssOeAt on their term Of Office shall
Sem "'''-'1' --1 =" D''e''A' power conferred upon
SCS as ss . hhsS S their
resolutions, in general meeting nvened. Determine.
ARTICLE EIGHTEENTH.
The the stockholders their residences and the
DDmS-r Of shares held BY each rsspecsiysy for the
opposite the names OF each respectively.