The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-10

paid the other shsres the shat
But all divisends Of the profits of the Company
the number OF shares held BY each but no share upon which
insanmen, sh IL be due shall be entitled to receive
The Of the shove shares and the subser ng of
their names % these articles Of ASSOCIATION shall imply
petenon full CONVEYANCE transfer and assignment of ali
invention whether the pstenabe equitable and
to all future improvements on the same
the said Company $1,000 thousald dollars com
psn,son for hr in past and u,GTS sxpermsos
up LIST By allowing them go fifty per the
either out Of he profits the Company or out OF like pro
portion on future assessments
ARTICLE FIFTH
These articles Of association may be modified or altered
the capital stock any no exceed
ing eve dollars $4,000 ia the manner
provide by law OF two thirds in amount Of
al the soes holders Aned in genera meeting convened
whensvs, sny of capital shall be duly authorized
sixty dsy sotes OF the same shall be given IN tSo news
time stockholders shall the pvile Of taking additional
expiration that time may be dis
posed Of by the decos for the benefit Of Association
but not at less than par value.
ARTICLE SIXTH.
Anpo Of This Corporation shall be vested in the Board
Of % S1n sss a. q nss s shq@ sss
dollars Of the capital stock Of ssio Association.
ARTICLE SEVENTH
On the srst Monday APRIL 1863 and annually thereafter
an setSn Of I've Dscto BY the tocHhodsr. shall be he'd
least shall given in two newspapers
published In the city OF New Orleans.
ARTICLE EIGHTH.
plurality ofvote counting one vote for each share of
voted upcn shall sueens TO elect Directors who
their number president Of the A-soc stion ~ho shall be
e.cted by smsjorI Of he whOie Board aad upon all
1t shall be the duly Of tn President to preside all
n the shall es on. q s' Or @ Who
sha for the tms exercise he full poEers Of president
Of appOn ed ~ toe Board It ess sesf
prior TO any election and IN case q ABSENCE neglect refusal
point others IN their place
ARTICLE NINTH
majority othe Board shall be necessary to form quo
authorized to buy sns eel such real and personal property as
may be required for the use Of the Company
.- ARTICLE TENTH.
The Board Of Directors shan appoint secretary and all
clerks and az nts and may remove he same and
Of security that sha be required from Of -aia
Oeers and agent. Sal Board also delegate such
g committees he own body or Their ocsrs or agents
shall proper they .ha have the make BY
whenever The interests the Corporation may and
shall also Rsge HAD The sds TpDy any &c
Of resignation Of the equisi
Insolvency or absence without leave Or three
ARTICLE ELEVENTH.
Books for registry the capital stock
sha be and Kept subject TO the restrictions directed
sso signed by attorney and
which said book the Directors may close ften
henss espedeny may require but not for longer period
shoud sny subscriber TO the stock desire To tranr the
AZ he Ia
perted 70 do 50 oy snos nse o. the subscription Of the
tory 20 the Board Of Directors.
ARTICLE TWELFTH.
failure from any to elect Directors on the day
that purpose shall dissolve Association
but Directors then in office shall hold her
Tor in Article Lighth, and continue until election be
ARTICLE THIRTEENTH
Each shareholder at al meetings tor the election Of Dec
TO hsld by him; provided that he
all have his stock least month prior the day
ARTICLE FOURTEENTH
Th csTs,s.,gn .hs exist for the term o. sv.
the Recorder Of Mortgage, 10 this city
And be oeTsiions Of the ConPsny may snd be
for.
ARTICLE FIFTEENTH.
The following named soct holders viz: George Foster J.
N. Lapeyre 9 GiIardey. Gendy Burke aud Caleb 5
shall their FIRST maetug elect Of their number
President and said Boaro tha until superseded by
their Successors to elected provided in Article Seventh
ARTICLE SIXTEENTH.
The Board Of Directors may accept Professionally any
power privilege conferred this Association by
amendments Of ire lzw under which the formed.
BY the adoption Of any new act Of the LEGISLATURE but &c
te mined BY vote Of the majority 10 amount Of the stock
holders
ARTICLE SEVENTEENTH.
The liquidation Of the affairs Of the Association shall be
made by three appointed o the
meeting convened for h>t purpose after sixty day. pre-
vous notice Il publish-d IN New Orleans
ssd Qudsors shall be solvent residing in this city
indebted 60 the Assocat their trm OF office shall
be assigned and all necessary power conferred upon
taem
The period Of liquidation shall be fixed, vel the
compensation in snch the stockholders BY
resolutions, in general meeting nvened determine.
ARTICLE EIGHTEENTH
The Of the soekhOlder their residences and th'
numb-r Of shares held BY each respectively for tbs
cecsred be such subscribed to this act
/ opposite the names OF each respectively.
Orleans in the presence Of pbe Blsche aud Hsnry
Hysms Jr competent witnesses who hercant0 sign thsi
on the day north and year nrst above written
| Original signed: GEO FOsTER and others
| p CHS CUyELLl kR.
| Notary Public.
| (signedl p. CHS CUyELLIER
| Notary Public
| HAvKINs's BRANCH
CORNER or GRAyIER AND ST CHARLES,
Copposits ST. Charles HotslJ
| RE-OPFNFD-A "a CUSTER IN CaARaE