New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-10
CORPORATIONS,

-.
be held liable for any losses or damage which ,a.
be incurred by this company in any sum greafsss
than the amount of their subscription and indeSt
edness.
No transfer ofless than full share win be ,ar
mit,ed. y per-
Transferecs of shares, not fully paid up. shaua.
snme all the Indebtedness thereon under The 80 20
proval of the trustees.
ARTICLE K.
All the corporate powers of this company sn.,,
be vested in Board of Trustees Composed -
twenty-five stockholders, seven Of whom shs1,
form quorum for theAtransaction Of bllEiness =.
be elected by ballot annually on the fourth Tns -
day in JuT at the Office of the company of yVbIaL
election the secretary shall give at least ten dsyS
this city. The Board of Trustees Shall appoin M
from among the stockholders, not trustees three
inspectors of said elections and If any Of said IN
spectors should decline fail to attend the presi
dent may appoint others to fill the vacancy
The new Board of Trustees will take their seats
on the first Tuesday in August after the election
and remain in Office during the year following IN.
til others are elected in their stead.
Those persons receiving plurality Of votes
election on the day appointed, the president shan
cause another election to be held within ten days
thereafter upon due notice il two more news.
papers published i'll this city.
The Board of Trustees shall, annually. at their
first meeting, elect president and vice president
Trustees, and they shall hold their Offices until
their successors are elected and qualified. The
president shall preside at all meetings of the BOARD
of Trustees and at ali meetings of the stoekholders
of the Company, and shall conduct the business ~
the company generally under the supervision Of
The vice president shall preside at the meetings
aforesaid III the absence q the president, and Ia
his ABSENCE shall sign the policies of insurance Of
the company.
The trustees shall q x the compensation of all
officers and clerks employed elected BY them
They shall have power to adopt such by-iaws-as
they may deem necessary for the government and
regulation If the company, not contrary TO this
charter or TO the acts of the Legislature of this
State relating
and to appoint agents within and ont OF the State
dnder restrictions TO be prescribed by the trustees
No person shall be a trustee of this company who
does not al the time OF his election and c0ntinu-
ance in Office, own i'll his own name or in the name
Of the commercial firm of which he may be a men,
Der, at least ten shares of the capital stock
thereof
Each and every stockholder shall be entitled at
elections, either in person by proxy, vote
N each and every share of the capital stock held
,y them respectively but no stock shall be en-
titled TO a vote which shall have been transferred
within three months previous to said election.
ARTICLE XII
At the time ofthe expiration of this charter, or
sooner if ordered by vote of two-thirds of the
the affairs of this company shall be
its debts paid under the charge and su-
of three commissioners TO be chosen
" the Board of Trustees, who shall remain IN
ce until the final liquidation of the affairs of the
company; provided the entire liquidation shall not
xtenG beyond period of two years, after which
inc the trustees may, at their option, continue
he commissioners in Office or appoint others Ia
heir place or stead.
ARTICLE XII.
The following named persons shall constitute the
rst Board OF Trustees, who shall remain IN Office
mil the second Tuesday OF July, 1872. or until
heir successors are elected and qualified; and
hey are hereby invested with all the rights and
overs thereunto belonging with power to III any
acancies which may occur in their number, and
generally to do and perform all and every act not
erein provided for, which may be necessary to
fall .Nl.s