The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-19


their these articles of association shall imply
the PSF, Of the sale 9 s Hunt. VIM !. Pratt sad p n;
their rights the State OF Louisiana their discovery
N i tts on he sane anu
The said pstentees sh farther Untitled to receive from
pensaOn for their expenses in past and future prments
IN connection with Their dceysry which said sum shall oe
hrst assessment on shares subscribed by others and "a
portion on future assessments
-s ARTICLE FIFTH.
These articles Of may modified altered
capital be increased 20 exceed
ing Eve hundred thousand dollars S50oo in the manner
provided by law with the consent Of twohirds IN Of
AL the stockhoders obtained in general meeting convened
bsneys y increase Of cspita shall be dulv authorized
sixty days sOtice OF the shall be given in
papers published IN the city Of New orleans thin which
shares proportion to the amount Of the stock and any
posed BY the directors the benefit Of the Association
but not 81 less than par value.
ARTICLE SIXTH.
Anpove-s Of Corporation vested in the Board
Of DfeeS.' consisting as9 Of Sys ssa q WHOM shall
dollars of the capital stock Of saio Association.
ARTICLE SEVENTH.
On the srst Monday April 1852 snnusy Thereafter
eccn Of Eve vi ectOrs by the ockhOders shall be held
81 the % Of Gs S Of witch ssG0 psvC1:
published in the city of New Orleans
AhllOlIh
plurality of votes counting one vote for each shave Of
sSs - S t Meeting after their election CHOOSE ON. %
Elected By majority Of he whole Board ard upon whom ali
citations and o,hsr Legal process sssii be served
1s hs sSsrS sn .r % Of ss or inability to
sha for the exercise the full powers Of President
elections shall be BY ballot under supentendeuce
prior 70 any election and case absence neglect or
such inspectors the President Of the Board msy sp
point others IN their place
ARTICLE NINTH
majority 1.-THE Bosrd shah be necessary to form ono
rum and decision ofsuch majority shall be valid corporate
The Board Of Directors shan have fun power and are hereby
may be required Tor the use ofthe Company.
ARTICLE TENTH.
The Board of Directors shah appoint secretary and all
shall Ok the Salaries Of ali officers sf the Corporation and the
% and ssn sd BOARD sso s. o any 81 said
ers the transaction the ordinary business otthe Company
they may deem expedent and may appoint agents with
in and without the sste, under such conditions to them
laws and regulations and alter the sane
hepeyer the interests Of the Corporation require IT, and
in their Board Such may be declared on
account Of DEATH resignation Of the requisite number
OF shares Insolvency or absence without leave three
cessve month";
ARTICLE ELEVENTH.
Books registry transfer of shares of the capital stock
81 The and fPi s @ % SScsd
said books and signed BY the stOkhoder attorney and
which said book the Directors close often
hence or may require but not for longer period
should any Subscriber to the stock desire to transfer the
ssme previous TO full having been made he shall be
party provided that the substitus r. satifc
Tory 70 the Board Of Directors '-''''N''
ars ARTICLE TWELFTH.
failure from any cause to elect Directors on the day
nsmed for that purpose shall dissolve the Association
but the office shall hold over until another
held Of which notice sha be given as provided
for ia Article Eighth, and continue until election be
ARTICLE THIRTEENTH.
Each shareholder at al meetings for the election Dec.
to vote on each share Of stock held BY him provided that he
WING ARTICLE FOURTEENTH
This corporation shall years
the Recorder Of Mortgages in this CITY, '--'e VI
And he Osesat9ns Of The Company commence and be
..8r.ia-1 ARTICLE FIFTEENTH
The following named stockholders viE George Foster J.
NM IapsySs % y GiIsIdsy Glsnsy Burke and Caleb
s = ;ss and aT aid mss aPs s one Of Per na@S:
their Successors to be elected provided in Article Seventh
ARTICLE SIXTEENTH.
The Board Of Directors may accept Professionally any
privilege conferred this Association by auy
amendments Of the law under which the formed or
by the adoption Of Of the LEGISLATURE but the
final acceptance Of such ard privilege shall de-
e mined By vote Of the majority in Of the stock
hOderA ~.
ARTICLE SEVENTEENTH
The liquidation Of the affairs of the Association shan be
made by three commissioners appointed BY the Stockhde
meeting convened fer that purpose aer sixty pre-
yious notice Published New Orleans;
raid iquidators shall be solvent residing In this city
not indebted TO the Assocat on their term Of office shall
be assigned, and al necessary power conferred upon
taem
The period Of liquidation shall be Fixed as their
Compensation IN such the stockholders BY
resolutions, in general meeting nvened, determine.
ARTICLE EIGHTEENTH.
The stoekholders their residences the
nuber Of shares held BY each respectively for the
present declared be such subscribed 70 this
opposite the names OF each respectively.