New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-10

anu euch othe1 oluCefs ana clerks as they may APP
SEC. ?. The Board of Directors shall CONSIST OF
eight stockholders five of whom shall form d
quorum for the transaction of all the business o,
the assoc latIou.
SEC 3. The election of the Board of Directors
shall take place the second Monday of October
ofeath amt every year. at the office Of the assoc
non I'll this city, after the first election which
shal! be held on the second Monday of October,
1873, of which the President shall cause at leas.
niteen GAYS previous notice to be given i'll two
the newspapers published IN this city.
SEc T. The Board of directors -'lail appoint three
OF the stockholders of the association coInni
ers, and two tellers TO conduct superiuteud and
report said election and they shall certify ,!,id-r
oath to the correctness OF their .elrn TIE Board
OF Directors thus elected shall serve tor the term
ot one year, c. until their successors are dul,
elected, and have qualified
SEc. 5. The person, receiving plurality of votes
shall be considered elected. In the event OF 10
ELECTION taking place on the day aforesaid, the
president shall cause another eectiou 10 tax.
pace within tAl days thereafter am, give notice
OF the same by advertisement i'll two ot the news
papers OF this ctv.
SEC, 3. Each and every stockholder shall b. en-.
Titled at election, either IN person or by p.oxy to
one vote On each and every share OF the capt. al
stock which he She OF the, NAV respectively hold
but not to vote on stock to him her or them
transferred within thirty days previous to said
election.
books of the association Ut IT'S office in the city of
New Orleans only
SEC 8. The Board of Directors shall, ANNUALLY
AZ their fIrst meeting elect their own mem
btrs as President, who shall hold his Office. Uu,l
his successor is elected and has uualin,d J'b..
board OF iltriois shall also appoint al he other
officers and clerks OF the association and shall Nv
me compensation of the President aud OF al the
nhctrs and clerks employed by said as.ocia.ion
Inc PRESIDENT shall preside at alf meetings o.. the
Board OF Directors, and at the meetings o, TN,
stot holders of the ASSOCIATION and shall conduct
.hr "ls'Arss or the association, GENERALLY, under
the super! l>ion OF the Board OF Directors
Sc =. The books of subscription to tn. cari,al
s."ch VI ,t assoc alton shall be kept opened bv
The Board OF Directors uutit whole r,ni-.I
stock Is l. ken mp. f'''
>Ec. 10. 20 stakeholder snail III ary event no
made idolt for the so-at- of the a,socia-,n,; No..
stock. " '+' '"pi1d'
ARTICLE VII.
SECTION |. The Board of Dire, t,rs sb.,l h 81,
iiSi' ana ttN are hereby fully authorized 70 plIr
cnasr lil'is situa; ed III the c.ty of New url.,n.
" htthei vacant or improved, to build thereon and
- a., Hutffsediy repairs improvements ami
thStn' 10 nulll on lands not belonging to he. a-,o.
latloil AT the request OF the ", u.rs ~ sri, lands
- aht execute aud sig every act or acts o. fl;r-
- ai.t ana transfer; TO make, and ign
~ uniting contracts, and all contracts Tor rtilI,
and req uisitt.
nh'. = III ease OF non pay :neut, they slail have
o"ti 10 IpltciOse all MORTGAGES granted 10 ,,t.,,
ne pay inent of the property sold v ne. :--or.;
on OF granted to secure INTO the ssociat, ti..
eIhhohl otnent OF all disbursements mad b. sa.!
,1"r' '.'o'l 10 hulM for account of others, and 10
''ichase SAID property al private SAT- or at anv
oictd sale OF the same il in Their opinion the in.
crest OF the association would be promoted th.re.
~ and to sell and convey tie same to =. b,,. n,
crest OF the association
SEC. s. lhey snail have power to adopt such by.
a VS. as they may deem necessary and couy+Uien.
or the government and regulation Of this associa-
ION no. contrary TO this charter and in the ab- |
ehce OF the President they shall have the power
lace. ~ NV A LID
ARTICLE VIII.
Inc following named persous shall constitute the