The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-01-08
ARTICLE III.

% Be kept in bound books in the OF TIE Com
:ouS properly bushes. and ssf 6 well as fun and
&c shall moreover act IS Treasurer Of the Compare and
keep cash account Of the banks or banking com
Control the name and Tor sceosnt Of the COMPANY and
De alone snh9rEed and empowered TO draw CHECKS 70 be
y the Secretary and transact all banking
cmSan1 10 fss Be Ss eus q ne Of sss
whenever thereto required by them all books papers
to Ss% before hs tSsts OF ssS saS
Of the business and Affairs Of the Company
ESQ In the event Of the resgn..ion sosenc
dstey proceed 70 appoint Manager pro tenn who shall As
holders which meeting the Stockholders shall proceed 70
sect manager from among themselves who shall be subject
W Of the Manager the aforesaid board Of Control
SIC t the annual meeting q the sccPbOd of tn.
Oompai the Manager make Of such matters
Of The GapaS at S meeting ss hSTs ,1
o In TIE said Company sssl be entitled 70 vote al
SIC s. said Manager shall have power to appoint
oHa 70 sna1 the sDp soe = 81
Board q Controls ana be nay SeeTetsry agents
Board.
On the expiration the said term of is.niynvs jean
smsorty Of The stocE6oders in capital shah have
@ property % So q ss To a snS and 81 s az
g decide upon sns az hs and Conditions q The sAe or
lts anairs 10 the best advantage.
ARTICLE VIII
Thrseourss the stockholders in capital Sian have the
OomPsny a. any tine during Us existenee or Of making
.hs city.
The csPit. s.seh q said Company hereby rred st TIE
LARS divided into shares Of Fifty Dollars each all of witch
70 Be paid 81 or before the signing Of these prents which
Hon. she sane should be required BY twethras capital
ARTICLE w.
As sAs said Company shall be under the direction and
management Of Edward Higgins who may at any time have
among the tockhoders Of the COMPANY subt 10 ne S
prevail Of the Board Control VINO shs Board o.
Agents 70 Ass In rAnsactng the business Of sAc Company
ARTICLE v.
ss0nor L Tbs regular meetings Of 10. stock
sSss o. on Ss & ssya sn1 II 5d isS1A
meeting nsozity capital shall choose Ave Of their num-
" Man
IT, and until he election Of Directors as ssoTe
I'D the following named persons shall sonsnte the hrs'
PEMBERToN, J. ARMsTRoNG, j. McoLosKE7,
The failure to elect Directors &c aforesaid shan NOT
continue to exercise Its function until Board be
SIC Three members Of sAd Board of Control shan con
Board Is hereby nvests with tu power to frame snd adopt
such BY laws regulations they may deem reqa
Affairs provided he same shall not conflict With the true In
@ 81 s s s & h S S ss.Ss: OF ys s II.
sgr they ma select Chairman 70 preside at their meetng
sell steamships fuel real estate for the of the Com
ps1y 70 make contracts leases 1os.gsss hypOhse
borrow money and 70 build or cause TO be built
SEC If any member of said Board shall cesse to be
Stakeholder said Company during his term Of service hs
ONCE shall be declared vacant and In the event OF DEATH
permanent absence resignation of meber Of said
Sosrp o. ns So PCso o. VOn,fU Ins nave power
meeting thereafter of the Stockholders for the election Of
sEo S. The said Board shan NEE. monthly the
Aetiou OF business and the Manager may call them TO
gether at tine, By giving sx koHrs notice In writing
ARTICLE vi.
An transfers Of stocks shan be made IN the once Of The
thar purpose The stockholder binding himself in said
a. 10 20 s c sPS s
made and adopted In pursuance thereof
ARTICLE x.
No sockhodsr shall ever be held liable or sresponsbh
or the contracts, OF faults Of said Company. be
nor shall any mere inform in the Organization OF sd
Company the effect Of rendering the charter null
Of exposing Stakeholder 70 greater liability shan the
taOuni Of his stock therein
ARTICLE xI.
uas and capacity and plead and Be inpssdod socoa1p
ARTICLk XII.
he following named persons Stockholders n said CON
2any and such entitled to the number Of shares placed
opposite to their names respectively towt;
NJ J. Smith, VIM. Crsevy Jno Armstrong, Thos. B. Les
Geo. q. Garner, j. B. hursOn, Geo. ". Manson, J. d.
Staufer, W A Shropshire John remberon kdwd A York
Harmon Doane O. e. Bradshaw, David MoCosrd, Kennel.
Bel, WIN. N. Perkins A. Mtenberger 4 Co., Wlhsuaf
Bogari, and others
ARTICLE Kill
The Beard OF Control shall empowered receive farther
subscriptions to said Capital Stock until the amount sub
scbed shall have reached the aforesaid Of one million.
ARTICLE XIV.
This Association 90 operation
Of Fifty Thousand Dollars shall have been subscribed for
And conclusion the stockholders herenbefOre
confirmation Of the aforesaid spuations
ordained established the present
the hernbeore mentioned and to that eject only
DO hereunic subscribe their names respectively.
Thus done and passed the city Of New Orleans Aforesaid
the day. month and first above written In the presenc
Of Geo Clark and Moo Swain, competent Witnesses
hereunto sign their with said parties and notary
John Pemberton, K Rignsy, Geo. w. Manson,
William Creevy, Marshall y Smith, @. II. Bradshaw,
yas kcClosksy, IA Bradbury. N D., Edward Higgins,
yno. Armstrong. Edw. A. Yorke.
EDWARD IVY, Notary Public
In presence Of Geo. CLARK =. McO. Swain.
COM M Observation-Disclosures