New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-15
ARTICLE VI.

The first Board of Directors shall consist of the
following stockholders to wit:
Hugh McCloskey, John T. Moore, Jr.,
John Henderson, r. NJ OBrien
Patrick Irwin, Thomas Fitzwilliam,
Thomas Gilmore, Michael McQuaid
Robert Carey, Edward Burke,
Thomas C. Walsh David Jackson
Edward COnery James ID. Martin,
John Mccartney Thomas Dunno,
John T. Gibbons, John Henderson, Jr.,
John Farrell, Edward Sweeney,
William Conway, Z. Briggs
Thomas McKenna, William Hart,
Thomas Markey, Patrick Dwyer,
Nicholas Burke, John NJ. LOckhart,
Thomas King John G. Ryan,
Michael Duffy.
SEC. D. They shall continue in office until the
second Monday of May, 1872 or until their success
sors shall have been duly elected and qualified;
and the directors elect shall take their seats
the second Monday in May of each year, OF in the
event of failure to elect, on the hrst Monday
'-'O ARTICLE VII
SECTION l. In all elections the vote shall be by
ballot and those stockholders receiving plurality
of the votes of the stock represented shall be
sidered duly elected and in the event of no cleo
ton taking place the day aforesaid, the Presi-
dent shalt order election to take place within
ten days and give notice OF the same as
aforesaid.
either in person by proxy, to one vote for each
and every share which he or they may respectively
hold; Provided that individual or firm shall be
allowed to vote more than one hundred shares in
his that of his firm, at election
for directors of the company.
ARTICLE VIII.
SECTION |. The officers of the company shall con-
sist of a president, vice president and such other
officers the Board of Directors may deem neces-
sary.
Until the first election, in May, 1872 and until
their successors are duly qualified Hugh McClos-
key shall be president and John Henderson vice
president.
The Board of Directors shall have the power to
employ such clerks and employees as are necessary
to conduct the business of the company.
SEC 2. The Board OF Directors SHALL at their first
meeting in every year, elect from among them
selves president and a vice president, who shall
hold their offices until their in office are
elected and qualified Other officers, determined
upon accord ing the bylaws to be elected at the
same time All employees of the company shall
hold their offices at the will of the Board of Drec-
tors, and shall only receive salary for the time
they render service
ARTICLE TX.
SECTION l. The president of the companv shall
sign all policies and preside at all meetings of the
board; he shall conduct and map ge its business
generally, under the supervisor Of the Board of
Directors; in case of his abser e the vice presi-
dent shall act in his stead.
ARTICLE X.
SECTION l. 1t shall be the duty of the president
and Board of Directors, within the month of June
OF each year, to cause to be published for the term
OF at least one month, full statement under oath
tain:
l. The amount of premiums received during the
year, specifying what was received for fire mari
time and river policies.
T. The amount of losses incurred during the year.
specifying what mount of losses have been in
CURED under each of the different kinds of policies
. s. Inc amount of capital, stating the portion of
the same invested in securities and the nature
thereof
4. The amount Of expenses and net earnings of