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

George A FOsdIck, Marshall j. Smith, Edward Barnett
The Board shall a their frat meeting IN every elect
who shall onicio be member Of said Board and
sss preside a. ~ %ss1g' Of the said Board and Of u:
me q the oSnRssy generally under the supervision
Tothe that the the whole number Of
said Board Of Director snail not expire at tbs end Of each
three classes hay one squs number q Directors in each
nrs class class third class the term Of whss
service shah respectively expire follows That
that the Ei1d class in three ears And on the ssrd NOM
holden a the Office the Company in the city Of sew Or
eans between such hours be named designated
and stead o those whose term service bs the expire Of
yhh said election pyOus notice Of not less than ten days
publish in this city and shall be the duty Of the Board Of
election sppo competent persons not directors 10
sad 20 act inspectors Of such election
the thereof and should of the appointed
appoint others I'LL the vacancies Nothing CON
sned shall be SO as 70 render any Director nsg
hss receiving plurality Of votes cast shah be considered
nss as
others elected in their In the electisn
election held days thsrrats and shall give
% ~ sT osans IN ~ he pub
cessary. until such an election Is effeced.
BY proxy for each every which he
hs or they may hold provided that
nor 70 vote on any share transferred to him them within
ARTICLE FIFTH.
psny The time his election during
coDtiI in Office hold in bis ia tina. Of the
stock Of said COMPANY ana be the holder Of policy Of in
his benefit for the 'f at least i've thousand dollars
ARTICLE SIXTH.
The Board Of Directors shall the Of conpen-
ssOn Of all officers clerks snd employees of hs Company
time time hereafter provided tori they shall make and
1 md Es 5 es sn
alter and change the same at provided the
tent Gaming This act They shall have full power 70
when BE- e S Ss s 5 % PSvSs
ard Of the Company and they shs also have
or in the Presidency.
ARTICLE SEVENTH
The Board Of Directors shall power to invest from
time TO time the money and capital Of the Company bonds
real estate situated this whic every case shall be
They may also profits Company any bonds
stock created by under the laws United states
S' OF pledge Gi s a0 or q % Of this
ties bonds Sr sioesS They shall have dispose Of
security Or Of property conveyed TO them in atisf Of
Judgments Of obtained BY said Company or
Of property movable immovabe which been
% herein G sh SPf
50 as to sshor.s the said Company to engage in
brokerage stock obbng exchange banking business Of
light to purchase property or building Tor the purpose Of %
tsblishing their Office therein
ARTICLE EIGHTH
No stock shall be transferred unless transfer be m.de
e OC S % at s psss Of bushes. a
any TO tho Company esss the part Of such
be permitted to do by substituting the obligations Of tie
party purchasing provided always that the obligations pro-
e the Board Of Directors And the said Board Directors
stakeholder, whenever DEAN tha
curl on the deferred ayment insufficient
By said cSmUns Sgons the lr Ss OF
capital stock held and owned BY him them respectively
ARTICLE NINTH.
In the month Of April year the President and d.
proper officer Company an estimate Of the pnot,
and losses Of the Company snd also sstemen of all
preceding twelve months and By whom paid which state
the Company and inform alton OF an
Interested And 4 II shan appear from sub statements that
genses By more than ten cent its
holders and shall award any e. the insu
rer but such percentages Of PROFITS shall be kept the
But II shall from such that profits
per cent capital then the President and Directors snail
reserve and set apart portion thereof less than PEI
deem be kspt by the Company fund
and divided between the Stockholders and insurers
according 70 the amount Of stock held by each Stockhooe
order The pOps per csntsss to Be paid to the several
return premiums ard the dividends awarded
holders ha be entered credit their stock respectively
until fully paid
ARTICLE TENTH.
Any policy Of insurance issued by this Company the
use tentht advantage Oft be wife WIDOW children father
mother, ef individual shall be held liable
Tor debts contrscts OF the
Life q or may be insured and all such
event OF the decesse Of the whose life
Insured shall be paid to the henef
terested therein be held BY him her them
discharged Of from all existing debts contracts and
whatsoever Of the deceased those
Of the Company.
ARTICLE ELEVENTH.
At the time OF the dissolution Of the Charter this Com
psny If ordered by vote Of the Stockholders
hereinafter provided for the affairs Of ead Company shall
quceed its debJs paid under the charge aud
denee Of three Commissioners be appointed by the Board
Of Directors and who shall remsin IN Office until the final
liquidation Of the af.irs Of the Company.
ARTICLE TWELFTH.
This act OF Incorporation may be modified stered
ensneed or the said Com dissolved at general
ing OF the TO be convened for that aer
thirty Gays notice In the English and French languages
aforesaid and herein provided for and with the sssenf0
three ourths OF the stock represented 1T such meeng aud
any and ali such notifications alterations amendments
dissolution shall be recorded and published according law
ARTICLE THIRTEENTH
The and respective the parties 10 this act
are hereby declared to be a. follows, to-vit: