The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-13
ARTICLE FIFTH.

either Of he profits Of the Company like pro-
portion on future assessments
ARTICLE FIFTH
These articles of association may modified altered
ing Eve hundred thousand dollars S5OOOO in the manner
provided by law with the consent Of two thirds IN amount Of
whenever any increase of capital shall be duly
sixty days Botice of the shall be given news
papers published in the city of New Orleans thin which
time stockholders shall the prive OF taking additional
shares proportion to the Of their stock any
shares not taken at the expiration Of that time Be dis
but not at less than par value.
ARTICLE SIXTH.
OH s o TS al o. s 81 bnbrs
dollars Of the capital stock Of SAID Association.
ARTICLE SEVENTH.
On the first Monday April 1862 annually thereafter
ecton of Eve vi ectors by the tockhoder shall be he'd
at the once Of the s Of which election previous
published in the city of New Orleans.
ARTICLE EIGHTH.
plurality Ofvotes counting vote for each share
shall ct their rs nesting after Their election choose Of
BY msjory Of the whole Board ard upon all
citations and other legal process shall be served.
ngs q the Board and in case Of his absence or inability 70
act The Board shall elect one o. their number pro tenn who
All elections shah be by ballot under the supentendence
prior 70 any election and in case absence neglect or refusal
10 Of such inspectors the President Of the Board ap
point others in their place
ARTICLE NINTH.
majority ofthe Board shall be necessary to form QUO
rum and decision Ofsuch majority shall be valid corporate
The Board of Directors shah have power and are hereby
authorized to buy aud sell such real and personal property
may be required for the use Of the Company.
ARTICLE TENTH.
clerks ag ns may The pleasure
shall OK the Salaries OF the Corporation and
oces and agents ssa Board may also delegate such
70 committees Of their own body or their officers or a.
they deem expedent and also appoint agents with
proper and they shall have the make by
Laws % % sE me
shall also have the power to supply any ysea ees that may
Of DEATH resignation, Of the requisite number
shares Insolvency absence without leave three
ARTICLE ELEVENTH.
shall be opened and kept to the restrictions d eced
BY the By Laws All transfers Of shares shall be made
books signed by the stakeholder attorney
which said book the Directors may close
nenes e1pedency may require but not for longer period
should any subscriber stock desire to transfer the
rsrned DO oy substitute e the sae,crptOn q the
tory to the Board Of Directors.
ARTICLE TWELFTH.
failure from any to elect Directors the day
but the Directors then in Office shall hold until another
held
ARTICLE THIRTEENTH
Each shareholder al meetings election of Direc-
70 vote on eseb share OF stock held by him provided bst he
all have owned his stock at least month prior the day
ARTICLE FOURTEENTH
This corporation shall for the of twenty years
from the date Of the recording Of this charter in he office Of
And he OPERATIONS Of The Co%Pan may and be
carried with only OnehA of its capital stock subscribed
ARTICLE FIFTEENTH.
The following named ocAhosers viz: George Foster
NJ. Lapeyre Q. r. Girardey, Gendy Burke and Caleb s.
Hunt hereby the first Board Of Directors
shalt at their meeting elect Of their number
President and said Board shall until superseded by
their SUCCESSORS TO be elected as provided in Article Seventh
ARTICLE SIXTEENTH.
The Board q Directors may accept Professionally any
OF 6 @bs When SR TINS p. q Ss
BY the adoption Of any new set Of the Legislature; but tie
e mined BY vote Of the majority in amount Of the stock
holders
ARTICLE SEVENTEENTH.
The liquidation Of the affairs Of the Association shall be
meeting convened for hs purpose amer sixty days
sS hs se oyspt residing S this e
not indebted 10 the Asocat their term Of Office shall
be assigned, and all necessary power conferred upon
| them
The period Of liquidation shall be Fixed, we'll the
compensation in such the stockholders
resolutions, in general meeting nvened determine.
| ARTICLE EIGHTEENTH
The names OF the stockholders their residences aud thu
number OF shares held by each respectively, for tn
present declared 70 be such subscribed to this act
| opposite the names Of each respectively.
1
Thus done and passed in my once city New
Orleans tie presence Of Ado phe Blache aud Henry
Hysms Jr competent Witnesses who sign thsi
with the said parties said notary
| on the day, month and year FRET above written
| Original signed: GEO. FOSTER and others.
| p. CHS. OUvELLrER
| Notary Public.
| A. BLACHE,
1 II. NJ. HYAMS, in.
| true copy Of the original;
| (signed) p. CHS CUYELLIER
| Notary Public.
| HAN KINBs BRANCH