New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-10

Inc BOARD OF directors thus elected shall
| assume their duties on the Tuesday follow
| ing their election, and shall hold their
| offices until their successors are duly elected
Those stockholders, receiving a majority
vote of the stock represented at an election,
shall be considered and declared duly elect.
ed. The Board of Directors shall elect from
among themselves and fix the compensa
ton OF President, who shall be the general
manager and business agent of the Corpora.
ton. The Board of Directors shall have
full authority to fill all vscacies in their
number from among the stockholders of the
Company. And the said Board is hereby
invested with full power to frame and
adopt such bylaws, rules and regulations
as they may deem requisite and necessary
for the company and the transaction of its
business; provided, the same do not conflict
with this act Of Incorporation or the laws
of this State. The said Board shall have
power, and are hereby authorized, to buy
real estate for the use and purposes of the
company, to sell the same, to make con-
tracts, leases, mortgages and compromises,
and to borrow money, and to do all and sin.
gular such acts as may be necessary to carry
on the business and further the objects OF
this company. TO-"
ARTICLE SIXTH.
In all elections the vote shall be by ballot.
and each and every stockholder shall be en-
titled to vote, either in person or by proxy,
for each AMI every share which he, she or
they, respectively, may hold, and no person
or persons shall be entitled to vote on any
share or shares transferred to him or them
within ten days prior to such election.
ARTICLE SEVENTH.
No stockhoider shall be held responsible
for the contracts, acts, faults, debts or obli-
cations of the said Company beyond the
amount OF their unpaid capital stock, and
no mere informality in organizing shall
have the effect of rendering this Charter
null, or OF exposing the stockholders to
any liability beyond the extent of their
stock.
ARTICLE EIGHTH.
The following named persons: A. L. Lee,
John M. G. Parker, Michael Hahn, Jacob
Hawkins, Thomas G. Tracy, shall be and
they are hereby constituted the first Board
of Directors, and they shall hold their office
until the first election under this charter, or
until their successors are duly elected and
shall have taken their seats.
This board shall assume control on and
after the first Monday In January next, it
being understood and agreed that the pres
ent management of New Orleans RRPUB-
LIcAN shall continue until that time; and the
said Directors are hereby invested with all
the rights, powers and privileges appertain.
ing to their Office.
ARTICLE NINTH.
This Act of Incorporation may be modified,
altered or amended, and additions made to
the same, or the said Company dissolved at
general meeting to be convened for the
purpose, after thirty days notice in one of
the newspapers published in the city of New
Orleans, with the assent of three-fourths of
all OF the Stock Of said Company.
ARTICLE TENTH.
At the expiration of this Charter, or the
dissolution of this Company prior thereto,
the liquidation of the Company shall be
conducted by Board Of not exceeding
three, who shall be appointed by the Board
of Directors, and which Board of Liquida-
tors shall Immediately proceed to wind up
the affairs Of the Company by selling of. the
assets, privileges and property of the Com
pany, collecting all amounts due the
same, paying all the just debts, and distri-
outing the balance pro rata among the
stockholders.
The compensation of said liquidators shall
be fixed by the Board of Directors at the
time Of appointment.
Thus done and passed IN my Office in New
Orleans, aforesaid in the presence Of Harvey
N. Dibble and Terence Wolfe, witnesses Of
lawful age who hereunto sign their names
with the parties and me notary, day aud
date first above written.
Original stamped ten cents United States
internal revenue.
Original signed, A. L. Lee and others.
Harvey ID. gi6ble, Terence Wolfe witnesses,
and Henry c. Dibble. Notary Public.
Recorded In Society Book Z, folio 207.
Icertify the above and foregoing TO be 4
true and correct copy of the original act in
the records Of my Office
Witness my hand and seal, at New Or
leans, this nineteenth day Of November,
1868. HENRY o. BUBBLE,
Notary Public.