Semi-weekly Louisianian. [volume] (New Orleans, La.) 1871-1872, 1871-07-16

bers as president and vice president,
who shah servo for two years. or
until their successors are elected.
They also shall elect q Secretary.
treasurer, and such other officers Of
the company as they may deem ad-
visable, who shall hold their office
during the pleasure of said board
Of directors. 1t shall be the duty
of the president TO preside at all
meetings Of the stockholders Of the
corporation, and also Of the board
of, directors, and to call special
meetings Of the board at such time
., may Be deemed proper. upon the
writtsn request II two dirsctoEA 81
.when he msy hisssslf deem . meet;
ing Of the directors expedient He
shall in all meetings Of the direc-
ton [directors] ex ofiicio, cast the
vote and exercise all powers OF q
director, and shall also give the
casting vote as president in case OF
a tie. Upon . similar request Is
above, on the part of three dTec-
tors, he shall call a meeting of the
stockholders. Two days notice OF
q called meeting of the *ockhold-
ers. Two days notice of'a called
meeting shall he given in one or
more daily papers published in the
place where the meeting OF the d.
rectors shall be held and at least
thirty days notice shall be given in
like manner, of any called meeting
of the stockholders. The said
Board of Directors shall have power
to fill any vacancy occurring in their
own body for the unezpired term.
It shall be the duty of the vice'presi-
dent in case Of the absence or dis
ability Of the president, upon writ
ten notice of his inability to attend
at any meeting Of the directors, to
take the place of the president, full
I'll his duties and functions and ex-
ercise all his powers; and in case Of
the absence and disability of the
president and vice president, then
the functions and powers Of the
president shall be vested in presi-
dent pro TEN, elected by the Board
of Directors from among theirnum-
Ter.
Sec. 8 Be II further enacted. etc,
That no certificate Of stock shall be
issued until twenty-five per cent Of
the subscription amount shall have
oeen fully paid thereon, and if any
subscriber shall refuse or neglect to
pay any balance due by him on the
amount of his subscription, Within
thirty days from the date of q writ.
ten requisition made by the direc.
tors for the payment of sucf
balance, he shall forfeit his stock
holder. at9-a
Sec. 4. Be it further enacted, etc.
That this company, although it is o
perpetual succession. may be dis
solved by bankruptcy or at an!
general meeting of the stockholder
by vote representing two third
of the full paid capital stock. Oh
dissolution of the company as here
inmentioned, the mode Of iqui
dation shall be by application t
any court having jurisdiction wher
the domicile of the company ma.
be established, for the appointment
of one or more commissioners takel
: from among the stockholders, TO re
; alize the valne of all assets Of th
corporation in such manner
the law may direct, and to distrl
butte the same among the partie
entitled thereto, according to th
decree of the court. I'd; siu.g gQs
See. 8. Be it further enacted etc
5 That the directors shall have powe
: to make such bylaws. rules and n
!, gulations as they shall deem props
a and useful touching [the] propert..
] stock. rights privileges, franchise
!, and effects in general OF the con
a pany, and also touching the tran
y FER Of shares, the term Of Office, u
, duties and conduct Of their cface
) and employees and al matters viii
u may appertain to the concerns
, said company, and facilitate the d
n velopment of the water power afo,
4 said, and the establishment Of "a
y tories of every description. st Z
o spot md within the limits mentio