New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-08
ARTICLE vi,

The first Board of Directors shall consist of the
following stockholders to wit:
Hugh McCloskey, John t. Moore, Jr.,
John Henderson, II. NJ. OBrien,
Patrick Irwin, Thomas FtZwilliam,
Thomas Gilmore, Michael McQuaid
Robert Carev, 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 K. 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
shall have been duly elected and qualified;
and the directors elect shall take tkeir seats on
the second Monday in May of each year, or in the
event of a 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 con-
sldered duly elected; and i'll the event of no cleo
ton taking place the day aforesaid, the Pres
dent shall order an election to take place within
ten DAYS thereafter, and give notice of the same
SEC. 2. Each stakeholder 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 individual or firm shall be
allowed to vote more than one hundred shares in
his own Hame or that of his firm at an election
tor 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 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
2 hpi ret
selves pres ident and a vice president who shall
hold their offices until their successors in Office
elected and qualified. Other officers, determined
upon according to the bylaws, to be elected at the
same time All employees of the company shall
hold their offices the Will of the Board of Direc
tors, and shall only receive salary for the time
ARTICLE *.
SECTION l. The president OF the company shall
sign all policies and preside at all meetings of the
BOARD; he shall conduct and maY &c Its business
generally, under the SUPERVISED Of the Board OF
Directors; in case of his abseg & the vice presi-
oent shall act in his stead
ARTICLE x.
SECTION !. 1t shall be the duty of the president
ana BOARD OF Directors within the month of June
OF eacn year. 10 cause to be published for the term
OF az 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 am punt of losses have been in
Cured under each of the different kinds of policies
g. The amount of capital stating the portion of
the same invested in securities and the nature
thereof \
A. The amount of expenses aud net earnings of