New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-09
No. SO.
AN ACT
Secretary of State.

AN ACI
To incorporate the Louisiana Working
mems Homestead Association.
SECTION l. Be it enacted by the Senate
and House Of Representatives of the State
of Louisiana in General Assembly convened
That Alfred Jones, William H. Green
Green Curtis, l.. Knight, " Iiiianl Wallace
L. Kenner, S. Haywood, Charles Vigers
John l.. Brewer, James Lewis, Thomas lisa,
belle, and all others who may associate
with them from time to time are hereby
created body corporate, under the name
and title of the Louisiana WOrkingmen'q
Homestead Association. The dOmicile OF
said body shall be in the city of New Or.
leans, and shall enjoy under this title per
petual succession, and be as such capable
to sue and be sued, to plead and be i'm
pleaded, to acquire and possess real and
personal property, and to dispose of the
same; to make and adopt such constitution
and bylaws not inconsistent with the laws
of this State and Of the United States; to
alter and amend or modify the same at
pleasure.
SEC. 2. Be it further enacted. etc. That
the object of this association shall be to Sc
cure by purchase or donation, land or lots
of ground in this State, and the same shall
be distributed in the following manner:
In shares of one hundred dollars each, to
be paid in FIVE instalfments of twenty dol
lars on each share.
SEC. B. Be it further enacted, etc, That
no member of this association shall hold
more than five shares, and each member, on
each and every share of stock held by him,
shall pay to the treasurer the sum of twenty
dollars on each and every share held by
such member. Any member desiring more
shares within the number limited than he
az hrst held, Shall pay a sum in addition
equal to the amount already paid by men,
bers holding the number of shares desired
by him, with the interest which has accrued
thereon al. to the time of his application, so
as to make his entire payments pro rata
with the others. =~
SEC. 4. Be it further enacted, ETC., That
the officers of the association Shall consist
of a president, vice president, secretary and
treasurer, with five other persons, who to-.
gether shall constitute board of directors
SIX OF whom shall constitute quorum; and
the above named persons shall be chosen
annually by ballot. The said officers and
board Of directors to be possessed of all
nov ers and duties incident 10 like officers
in similar corporations. The president Of
said association shall be the president OF the
board of directors, and as such shall have
lie right to sue and be sued in behalf of said
association. The Board of directors shall
nave Inc FIgIl 10 Tx SUCH compensation as I
hey may deem necessary for. snch-o ficers,
subject to the approval of the association
It stated meeting. duly convened for that
purpose.
SEC. s. Be ii further enacted, etc., That
his association shall meet quarterly, on the
rst Mondays Of January, April, July and
october Of each year, and oftener if called |
ogether by the board, and notice of. such |
uarterIy or special meeting shall be pub |
shed three days in a paper having the |
argest circulation in the city of New Or |
cans.
SEC. 8. Be it further enacted, etc, That |
then land has been acquired and it is pro- |
osed to distribute the same, the board of |