New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-11
ARTICLE VI.

ARTICLE VI.
The first Board of Directors shall consist of the
following stockholders, to wiz:
Hugh McClOskey, John T. Moore Jr.,
John Henderson r. NJ O'Bren
Patrick Irwin, Thomas Fitzwilliam,
Thomas Gilmore, Michael McQuaid,
ROBERT CareV, Edward Burke,
Thomas C. Walsh David jackson.
Edward COnery, James D. Martin,
John McCanrey, Thomas Dunno
John i. Gibbons, John Henderson, Jr.,
John Farrell, Edward Sweeney,
William Conway &. Briggs
Thomas McKenna, William Hart
Thomas Markey, Patrick DIVER
Nicholas Burke, John NJ Lockhart
Thomas King, John G. Ryan,
Michael Duffy.
SEC. 2. They shall continue in Office until the
second Monday of May, 1872, until their success
sors shall have been duly elected and qualified;
and the directors elect shall take their seats on
the second Monday in May of each wear or in the
event OF q failure to elect, on the first Monday
ARTICLE VII.
SECTION !. 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 on the day aforesaid the Presi-
dent shall order an election to take place within
ten days thereafter, and give notice of the
aforesaid.
SEC. O. Each stakeholder shall be entitled,
either in person by proxy to one vote for each
aud every share which lie OF they NAV respectively
hold Provided that no individual or firm shall be
allowed to vote more than one hundred shares in
for directors of the company.
ARTICLE VIII.
SECTION l. The officers of the company shall con
sist OF president, vice president and such other
officers as the Board of Directors NAV deem neces-
sary.
Until the first election in Nav, 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 vice president who shall
hold their offices until their successors in Office
elected and qualified. Other officers determined
same time. All employees of the company shall
hold their offices at the will of the Board of Direc-
tors, and shall only receive salary for the time
they render service.
ARTICLE TX.
SECTION !. The president of the company shall
sign all policies and preside at all rleetings of the
board; he shall conduct and may se It's business
generally, under the supervise, Of the Board of
Directors in case of his abser & the vice presi-
dent shall act in his stead.
ARTICLE X
SECTION /. 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
of the business of the company, which shall con-
tain: . . ..
l. The amount of premiums received during the
year, specifying what was received for fire mari
time and river policies.
g. The amount of losses incurred during the year
specifying what am punt of losses have been in
Cured under each of the different kinds of policies
3. The amount of capital, stating the portion of
the same invested in securities and the nature
thereof. t'aaI
4. The amount of expenses and net earnings of