New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-15
ARTICLE ".

The busines OF this corporation shall be conduct.
ed BY all the stockholders VINO shall meet for hat
purpose op the first Monday of each month. A
quorum Of five shall at all times be sufficient for the
ing they shall appoint of their number President,
who may be also the Superintendent of the corpora
surer thereof The last day Of April Of every year
an amount showing the balance of the business shall
then be- dvded # it Be deemed propsr to DO 49,
The corporation shall have the right to contract,
necessary to carry on the principal business thereof
and to invest mortgage security and real estate
its profits The corporation sha sue an ana De saed
accordingly. A majority OF the stockholders shall
be required for the determination of such questions
as may arise at any meeting, provided always that
the holder Of share of stock shall be entitled to
vote, the holder of two shares of stock to two
the holder OF i've shares three votes, and the
holder Of ten or more four votes.
ARTICLE v.
The Pres dent is the legal representative of the
corporation all citations and other legal notices
concerning the CORPORATION shall be served upon
him; his term Of office shall be ora year from the
date of his election, but at the end of said term he
shall be eligible. 1t shall be his duty to exercise
general supervision over the affairs of the corpo.
death or resgnst on of the President Secretary,
the stockholders shall proceed to the election OF
term In case of temporary disability a Pres ldent
Secretary pro tempore shall be elected; but the
not be Competent for the Secretary at any time to
discharge the functions of the President.
ARTICLE VI.
1t shall be the duty of the Secretary 10 keep a
record of the proceedings OF the stockholders and
also a set of commercial books. He shall furnish
the stockholders balance sheet at the end of each
of the corporation. He shall be the sole custodian
of the seal of the corporation, and together with
the s M ss Of s hae snd o
latter when lawfully issued the seal of the corpora
ton. His term of Office shall be one year from the
data of oil m a
shall be ee!lgible.
ARTICLE VII.
In no event shall the stockholders be responsible
for losses damages which may be sustained by
this corporation beyond tie amount of the shares
By them respectively owned and ail new stockhold-
tons hereinabove mentioned, or those that may be
made by way of amendment hereafter. The present
vote Of ahresfourth Of the sfockholders to BE-
counted in the manner herenbefore set forth; and
the same has been presented and read two conse-
cutive meetings. Any stockholders. by lawful man
ney in fact to vote for him and in his name, place
ARTICLE VIII.
Upon the expiration of the term of the existence
OF the corporation herein fixed. the liquidation and
settlement thereof shall be effected BY three Of the
stockholders residing in New Orleans, to be chosen
bsv an power to settle and wind up the business Of
this corporation by public or private sale of its
properly, and the division of the prots thereof, to-
gether with the division of ell of IT'S other assests
pro rata among the stockholders. after the settle
ruent by payment, compromise, transfer other
wise OF s its liabilities The said iqudstors shall
have ona year from the date of their appointment
to resume that liquidation
THUS done and passed in my Office on this thir
tieth day of April 1870 in the presence OF Theodule
Buisson and George Guinault, competent witnesses
residing in this city who have signed these presents
together with the appearcrs, and me- notary, attel
| q due reading of the whole.
Signed:
A. Pepn, j. 3. Camors,
j. Turcotte, IL. Labasse,
Joseph Bayie T. g. Barriere,
| Il. V. Audibert.
| Signed:
THaoDUI LIB BuIssoN, witnesses.
| j. OUVILLIER, Notary Public.
/, the undersigned. Recorder Of Mortgages in ant
| for this city and parish of Orleans and State O
Louisiana do hereby certify that the within Charte
has been recorded in my Office in Book Society mum
Der eight folio ninety nine, IS required BY law, OF
(SigneO @. DARCANTEL, Deputy.
New Orleans. May IL, 1870.
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