New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-28
ARTICLE VI.

AhLiNhG -
The first Board of Directors shall consist of til,
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 d. Martin,
John McCaffrey. Thomas Dunno.
John I. Gibbons, John Henderson, Jr,
John Farrell, Edward Sweeney,
William Conway, f. Briggs.
Thomas McKenna, William Hart,
Thomas Marley, 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
Sor5 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 a failure to elect, on the first Monday
ARTICLE VII.
SECrIoN l. In all elections the vote shall be by
ballot, and those stockholders receiving a plurality
or the votes OF the stock represented shall be con
sldered duly elected; and in the event of no cleo
ton taking place on the day aforesaid, the Presi-
deht snail order an election to take place within
ten days thereafter, and give notice of the same as
aforesaid.
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 NAV respectively
hold; Provided that no individual or firm shall be
allowed TO vote more than one hundred shares in
AHo OFh many ia AhnA ii HIS IAltn. al AN HipGflHT
for directors of the company.
ARTICLE VIII.
SECTION l. 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 NcClos.
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 a pre- sident and a vice president, who shall
hold their offices until their successors in office are
elected and qualified. Other officers, determined
upon according to the bylaws, to be elected at the
Sdme time. All employees of the company shall
hoId thelr Offices at the will of the Board of Direc.
tGTs, ana shall only receive salary for the time
they render service.
ARTICLE TX.
SECTION l.. The president of the company shall
% az poiicIes and preside at all meetings of the
board; he shall conduct and mar ye its business
generally under the supervisor Of the Board of
DIRECTORS; III case of his abser g the vice presi-
dent shall act in his stead.
ARTICLE X.
SECTIoN l. 1t shall be the duty of the president
of each year, to cause to be NH; sbed for fine term
OF at least one month, a full statement under oath
or 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.
Q. The amount of losses incurred durino the wear
specifying what amount Of losses have been in
3. The amount of capital, stating the portion of
the same invested in securities and the nature
thereof
: l. The amount of expenses and net earnings of