The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-01
ARTICLE FOURTH.

psny shoud exceed the amount Of available assets hand
thousand dollars may be BY thirds stock
holders extended TO amount not to exceed i've million
ARTICLE FOURTH.
All corporate powers the Company shall be exercised
by Board OF heen Directors i've Of whom shall constitute
The following named stochhOdsr. are hereby constituted
and powers herein specified, tO-wit
John Ps%bertOn, VS. Pike. Edys'd RISnsy.
.. &. siosomb. 4 Tho@p'on. Alexander MARKS,
George Fo.dck ma-sS. j. Smith, Edward Barnett
from The CS%paSy
shall preside al mssngs Of the said Board and Of the
the business Of the Company snerSy under se supervision
and control of the said Board
and the said Bo@d shall BY lot be divided into
class and shall be respectively designated ana known the
expire a. ox That the %
class in hat Of the second class ia two and
day Of April in each and every hereafter there shall te
a. the css 2, ss m sss cay 81 New Or
the Board of Drector election for in the place
Which ssd election noses Of not less than ten
shan be given e public IN two Newspapers
Directors at meeting of said Board prior to such
@ Corporation TO act as inspectors OF such election to su
perntepd and conduct the and 70 certify to said Board
decline fail attend the Prssdsnt shall have the to
appoint Others 70 m the vacancies Nothing IN ta.
BILE to re election to said Office Of Director.
duly elected shall take their seats on the rst Monday
Of May after the election, and shall hold ths until
taking place on the day fixed the shall cause an
&c % nsd IF saa Ds a fs
shed in the st q New Orleans repeating he sane ne
BY proxy each every which he
Gs 60 $
Ssy 70 sae 70 MN or 'A'm within
ARTICLE FIFTH. 800.
No person ,hsbe capable bsing of said
psny who not The time Of his election and during his
merca firm Of which be may be partner ten shares Of tas
stock Of said Company, the holder Of policy of in
bis ,ht for the thousand dsIsrs
ARTICLE Sixth.
The Board OF shall the Of compen
sson Of all clerk: and s employs .. as 0U|psoy
time e tine as hereafter provided io they shall make aud
Ssns Company and lie Of 4. and
alter and change the at pleasure provided the same
tent md meanne this act they shall have full power
DC and all sss s1a Sn Es 5 s plSsSsS &
ard purposes Of the Company; and they sh. also have
or in the Presidency. s
ARTICLE SEVENTH.
The Board of Directors shall have power invest from
time time the money and capital Of the Company in bonds
real estate usted in this city whics in every case shall
deemed worth at least double the amount Osasd thereon
created by under the laws Of the United States
81 'o or mako loans the
bonds stocks They shall have to dispose OF
for security or Of proserts conveyed 70 them in ,s ion
debts previously or a; public sale upon
Of property movable or immevab which may have been
tam n ~ business but nothing herein contained ha he
so authorize the said Company in
C. oSns Ssnkn
any kind provided also that The Company shall hsvs the
tsblishng their Office tDerein
ARTICLE EIGHTH.
No stock shall be transferred transfer made
the books e the Company at their place of business at
sny Indebtedness 70 tho Company exists on the part e such
stccthsds But s.ockhOder whing to transfer stock
party purchasing provided always that the obligations pro
% the Board Of Directors. And the sd Board Of
shall time have the right to require additional bond
curl y on the deferred payment insufficient
The stockholders .hs not De responsible for losses
css stock held and owned by him them respectively
ARTICLE NINTH.
In the month Of April Of year President d.
Of the Company shall make TO be msde BY
and Losses Of the Company and also statement OF al cash
paid the Company for or on account OF premiums for the
snts shall be verified by adavi and hed with the
the Company OF
interested And shall appear from such statements tn
the of Company DO not exceed its losses and
and Directors ss. make no divseSd to the Stock
rers but such percentage Of profits shall ksDt By JON
pany fsnd 10 meet future losses or liabilities
The its losses and BY than ten
pc, Of its capital then the President and Directors shall
cent nor more cnshsf such excess they may
ss residue .Sc Ss S S
and divided between the several stockhOder and insurers
and the amount premiums p.id insurer hall
Ods. the per e Ss paid to the sewers.
holders shall be entered credit their stock respectively
'''- '-' ' ARTICLE TENTH.
use Sepe o Or ADVANTAGE Of be vile widow children
mother or sf any Individual shall held made liable
. any or %sS Ss 90 such in
event q the sseesse Of ne whose lie or may Ts :,
terested therein be held BY him her them free and
q
Of the Company
ARTICLE ELEVENTH.
Attic time Of the dissolution Of Charter this Cor,
psny or sooner il ordered by Of the Stockholders
hereinafter provided ssirs Of said Company shah b
Snce Of three Commioner % be appointed By the BosI,
Of Directors and Who shall remain in once until the hnA
| liquidation Of the Affairs Of the Company.
ARTICLE TWELFTH.
amended the said cOms dissolved at general meet
Of the TO be convened for that parpose ate
thirty days notice In the English and fenen languages
and herein provided or and with The s.sea.
hreecurths Of the stock represented at sach meetng
and all such notifications alterations. amendments
dssouton hs be recorded and published according TO Law
ARTICLE THIRTEENTH
The pames respective iuis,sts the parties 10 this
are hereby declared 70 be - follows, tc-wit;
| No. Of Shares. No OF shares
John fs@ssr''n. Ea Ty ss;3:,;
r. Delbcndlo. a. ID Grten... ..-.....z
A B ysms....-..........@ T. Ps.e...;...........5
wbssten, Pisrson ce.S David ns,,osrd .''........
=. O. zschsrie.. John q Fleming
John =. 1homAs-.-.5 =; o. nixon ;;.-...''..-..-'