The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-07

such and be made only ihe Com
70 the sane The said capital stook OF i've hundred
thousand ooa,s may Be BY twothirds vote the stock
ARTICLE FOURTH.
An the corporate of Company shall be
BY Board o. hheen Direcors tive OF whom shall constitute
The following named Stockholders are hereby constituted
ihe s Beers Of Di and the rights
snd powers herein specified, to wit: .r 49, s. =
isle s f,ss s s ss Eerss ss Sssy
o u. siocomb. 4. Thompson. xlsxsnssr Marks,
GEORGE ssGaf Foss sB Smith, Sdss.s BARNETT
The board sss q their frat meeting IL elect
who shall s,ofieio be member q ssid Board and VINO
shall preside az meetings Of the s.id Board and Of the
the Sss;ss O. the copsy under tie
and control Of the said board. - eE1li -
SAID BOARD Directors expire at tbs end Of cash
and every The said Boad shall BY lot be divided into
class shall ignassd ana known As the
expire !. follow. me hst % Inv
class in year, hat Of the econd ia years
day of April each and every hereafter there shs te
hocsp = TIE :s :" the as ely q New Or
The Board Of Drector an election for Directors in the place
which novice Of not less ian ten DAYS
shah be given by public advertisements in
directors, Meeting Of said Board prior to any such
seees 70 sppont three competent not directors n
pernterd sId conduct the and certify said Bsard
the thfrcOl should
attend rrsdenf shall have The power 20
appoint others 70 hi the vacancies Nehng In nis
bic 20 reelection 20 said Office Of Director
Isssisng p1raiy east sh:l be considered
duly elected and sh take their seats the frst Monday
Of May aT hs ssssos and 'ls a0ls q, same ua.
taking dsy fixed Prssicept shall cause an
election 70 be hed within ten days and shah give
shed in the cit Of New Orleans repeating she il ne
cssssry. until sueh an election Is eseied-
SON BY proxy 10 vote for each and share which he
tions shsi be entitled 70 g1sssr number Of vos tran any
nor 20 voe on any share transferred 10 him them within
ninety days prior TO such election.
ARTICLE FIFTH.
No person thate capable sing director Of said Com
pany who does be time his election during his
conti' in oce Id in his the com
ie said Company holder q policy Of n
his tft for the ~ leas i've Thousand dollars
~ ARTICLE SIXTH.
The Board Of Directors shall tx the amount Of the
sstion Of all officers clerks snd employees Of h> Company;
they shall invest the profits and gains Of the company %
adopt rules aud regulations for the proper
alter and change the SINE al psssnre provided the
shan conflict with the laws 81 this State the true In
do all and things NOS her-in provided for
which may BE 20 carry into s effect the objects
power TO III III vacancies Which may in their number
OF in the presidency.
8. ARTICLE SEVENTH
The Board OF Directors shall
time time the and capital of tue Company bonds
snS on sal $ & Improved and unimprgvsd
deemed worth at least double the loa
they may also invest the profits II the Compare any
Of This STATE Or Of sh cry Of corporaIons Of this
Sse or make loans or OF any OF toe aforesaid secur
mortgages obtained by wey # security Of stock pledged
debts previously cntrsefe or purchased as public sale upon
orders of seizure obtained by said or
20 he said Company Tor Or concerning the os
items Of It's business but n'tuE herein contained shall
meTcant e or agricultural business nor in eommission
right 10 purchase properly building for the Of
tsblishing their Office tnerein. 1850 -
ARTICLE EIGHTH 1s
No stock shall be ranserred unless surh transfer be made
the books II the Compsny their place
fhs CITY made while
sDy e s q he & ss
be permitted TO do so by substituting the obligations Of tie
posed be IN every respect sfisfcssry
z the Board I" Directors Ard the ssd Bsrd Of Directors
security stoehhodr whenever they deem the
The sockhOssrs sks not es responsible for losses or
damage incurred BY said Company beyond the amount Of
al stock held and owned by him them respectively
ARTICLE NINTH.
in the month Of April Of each year tbs Presidents aud D
proper officer Of the Company estimate profits
the company and also statement eli cash
paid the Company Cor OF premiums
preceding twelve menibs and BY whom padi which state
of the Company for xsn and ali
ss conSany % not exceed its os and s
ensss By moIs than ten Per cent Of ,s cap =. ss. Sc
beloes and bA award any the
@ s1' qss s % o. sas ss so y s
Eut IL shall from such sseert that the profits Of
sr esa ,fsa the President and @ss shah
reserve and Sc, apart ,s goe1 tsIso no, less ,h,p ten Pc
deem proper % BE- ssss BY The cemssny a ssse.vd
according 20 the amount Of stock held BY each stockhos
order he pope per centsse 70 be sa !" the several
return premiums and the dividends awarded Stock
hoesr ball hs entered as credi. on their stock
ARTICLE TENTH.
Any policy Of Insurance by this Company for the
tenef advantage Of the wife dow children father
f any debts essaeemsnts the person whose
Life Or may be 20 insured and all sub
in,usd sss ss gsd TO The person Or Psr'ons ssns . M
ne Fl s ,s ss and
eggenet whatsoever Of the deceased except those
ARTICLE ELEvEsrfi.
Al The time Of tie dsseusou Of the Charter Of ihis Com
psuy sooner n ordered by vote OF he okholders
hereinafter provided the Affairs OF said Cornesny shall be
aree ee ne 70 Be- spponsed ~ sss B"sle
liquioafon OF the ahsils II the Company h.sl
aTs ARTICLE TWELFTH.
Tfs Get Of incarceration may be modified altered or
enensed or the ssd Com spy dssovsd q general n1ses
ing Of the sfockhods FIR shat Darposs
&C s9s % and s rs 81
three Of The s'o sprsssnted a. aeh melting asd
dissolution h be and pubisned sceordng to law
tsos 81 ARTICLE THIRTEEsTH
The tbs psss 70 This ct
are hereby declared 70 be follows, town:
John Pemberton....... Is T. Tyler q