The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-22

be made only the losses of the Com
70 pay the same The said capital stock Of i've hundred
ders, extended to exceed I've million
ARTICLE FOURTH.
All the corporate of the Company shall be exercised
by Board fifteen Directors, i've whom shall constitute
The following named Stakeholder. are hereby constituted
the nt Bosro Of Di ecors and invested with all the rights
eAs f HsH S s Eas: EtTs si SssHsy
sScGnO' ThoS SsS. Alssans ;4,I Marks
George A Fosdick Ms-r6slI j. smith, Edward Barnett
TA. Ss s @ first Il s
who shall exOfcio be member Of said Board, and who
Company and shall ssn ali the policies and shall conduct
the business q the Company generally under the supervision
Toth that the Of service Of the whole number Of
said Board OF Directors shall expire tbs end OF each
every the said Board shall BY lot be divided into
three classes having equal number Of Directors in each
nrs class class third class the Of whse
service shall respectv. expire as fellows That OF the rs.
that the third class in three And the third Mon
holden Al The ONCE Of the Company IN The city Of New Or
leans between such hours be named dssnsted BY
and Of those whose o. service shall Thea expire Of
ha BE- gwen BY public sdvsrtissmsnss in two nswspspss
published this city and shall be the duty of the Board of
election 70 appoint Competent Directors in
20 &C, As Of sqes eiseon e "a
the u thereof and should Of the appointed
appoint others fill vacancies Morning
sined shall be 80 as % render any Director ns
Those receiving plurality o. votes cast sh, be considered
Of after IL. a
others elected in their stead In the event Of election
election be held days thereafter and shall give
nS 81 ere o' Of IN 81 the he
cessary. until such an election Is eaecsed.
proxy for each and every share which
he they respectively hold provided that
10 share transferred him them within
ninety days prior to such election
ARTICLE FIFTH.
No person shahe capable Of bsng director of said Com
pany who does not Al time Of his election and during his
~ once hoa N DIS name or ia that 81 the com
stock of said Company, be the holder of policy OF
his benefit for the 'f at least i've thousand dollars
ARTICLE SIXTH.
The Board Of Directors shall fix the Of The compen
sation OF all officers clerks and employees Of Company
time % time as hereafter provided or they shall make and
5 s9s
alter and change the at pessure provided the
tent meaning this act rhey full power 20
DO az psIS on all scs and ,hnss not herein provides
ard of the Company; and they ,ha have
or in the Presidency.
ARTICLE SEVENTH
The Board of Directors shall power to invest from
time time the and capital Of the Company bonds
unlmprOVed
real situated this city whic every case shall be
deemed worth at least double the amount thereon
stock created by under the laws the United States
or make loans s ssa n
ties bonds stocks They shs have power dispose
of security or Of conveyed % them IN .a oS
debts previously or purchased a. public sale upon
Of property movable muovabls which may have been
business: nothing contained shall be
50 as 20 saho.e The said Company to engage in
stock jobbng exchange banking business Of
any KIND pSsioea also soss tse company shall have the
tAblishng their office therein.
ARTICLE EIGHTH.
No stock shall be transferred unless such be inside
q. nS no 81 9. %sas shs
Indebtedness to tho COMPANY exss the part Of such
be permitted TO do so By susstass the obligations Of
party purchasing provided always that the OOgaons pro-
to the Board Of Directors And the said Board Directors
curl y on the deferred payment insufficient '
b & s %
catsl stock held and owned BY him them respectively
ARTICLE NINTH.
in the month Of April Of each year the Preden. and d.
s S Ss sS make to b ?,
and Of the Company and also statement OF all
preceding twelve MONTHS and BY whom psd wbb .s re
mens shall be verified By adav and died wi.n the pagers
interested And shall appear fron su- statements tht
the pohts of the Company do exceed and ex
penes by more than ten cent its cap stock tne
President and Directors shall no divdend 70 the Stock
s but uc6 PercsDss Of h S so b. ~ the S
esny a. reserve '.na 70 mss future losses liabilities
the Company exceed its losses and expenses
and apart portion thereof less than ten Der
cent, onehsf Of such excess as they nav
% s ss:S ns
ns q he. S sS
and the amount OF premiums d By each insurer and shall
the dividends awarded 70 the stock
hoess hall be entered as credit on their stock respectively
ARTICLE TENTH.
Any policy Of Insurance issued BY this COMPANY for the
use entft advantage Oft he wife dow children father
mother or Of any individual shall not be held msde liable
for any debts contracts the person whose
Life or may be insured, and all suh the
insured shall be paid person persons beneh 1a In
tsresed herein be held BY him her them
ergsgeme whatsoever Of the deceased except
ARTICLE ELEVENTH.
At the time Of the dissolution Of the Charter Of thi. Com
hereinafter provided SAID Com oany shall be
deDee Of three appointed By the Board
Of Directors snd who shalt remain in ocs the Anal
Liquidation Of the Affairs Of thsCOmpany.
ARTICLE TWELFTH.
This act Of Incarceration may be modified altered or
AMENDED the sae Com sny dissolved general meet
ing Of toe Stockholders be convened for that purpose after
tbrfy csys notice in the English
aforesaid and herein provided for With the assent
three ourbs Of the stock represented meeting
and all such notifications alterations amendments OF
dissolution shs be recorded and published according law
ARTICLE THIRTEENTH.
The and respective the parties TO this act
are hereby declared TO be as follows, town:
No. Of Shares. No Of Shares.
John Pemberton-........ Is T. A Tyler.
Z y S.I slss: z Eaf 5 AZ.
a b Jsmss r. ...5s