New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-30
ARTICLE vi.

following STOCKHOLDERS, 10 VIII:
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. +. Briggs,
Thomas McKenna, William Hart,
Thomas Markey, Patrick Dwyer,
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, or 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 year, or in the
event of failure to elect on the first Monday
after due election.
SECTION |. In all elections the vote shall be by
ballot, and those stockholders receiving plurality
of the votes of the stock represented shall be con-
sidered duly elected; and in the event of no cleo
ton taking place the day aforesaid, the Presi-
dent shall order an election to take place within
ten days thereafter and give notice of the same as
aforesaid.
SEC D. Each stockholder shall be entitled,
either in person or by proxy to one vote for each
and every share which he or they may respectively
hold; Provided that no individual or firm shall be
allowed to vote more than one hundred shares in
his name or 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 as 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 necessary
to conduct the business of the company.
SEC 2. The Board of Directors SHALL at their first
f1,aa inc n
selves a president and vice president, who shall
hold their offices until their successors in office are
upon according to the by laws 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
ARTICLE TX
SRcTrOy l. The president of the COMPANY shall
sign all policies and preside at all meetings of the
board; he shall conduct and mag ye Its business
generally, under the SUPERVISED Of the Board OF
Directors; in case of his abser e the vice presi
dent shall act in his stead
ARTICLE x.
SECrroS I, 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
wear, specifying what was received for fire, mari
time and river policies.
D. The amount of losses incurred during the year
specifying what amount OF losses have been in
Cured under each of the different kinds of policies
8. The amount of capital, stating the portion Of
the same invested in securities and the nature
thereof ,..- ~. r.-...-
4. The amount Of expenses aud net earnings o.