New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-05-18
No. 90.
AN ACT

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 FL. Green.
Green Curtis, L. Knight, William Wallace,
L. henner, s. Haywood, Charles Vigers,
Jonn Il. Brewer, James Lewis, Thomas Isa
belle, and all others who NAV associate
with them from time to time, are hereby
created body corporate, under the name
ana title OF the Louisiana Workingmen's
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 sine at
pleasure
Sec. 2. Be ID 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
De paid In five installments of twenty dol
lars on each share.
SEC. 8. be 1t 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 bv him,
snail pay to the treasurer the sum of twenty
uoIars on each and every share held by
s9ch member. Any member desiring more
SHARES WIthln the number limited than he
at first held, shall pay a sum in addition
Squai 10 the amount already paid. by mem
Oers holding the number of shares desired
Dy MIN, with the interest which has accrued
thereon up to the time of his application. 40
as 20 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 president, vice president, secretary and
Yheasu reT' with five other persons, who to-
geIher snail constitute board of directors.
81 SIX Oh Whom shall constitute quorum; and
JIG ABOVE named persons shall be chosen
annually by ballot. The said officers and
BOARD OF directors to be possessed of all
powers and duties incident to like officers
IN similar corporations. The president Of
said association shall be the president of the
BOARD of directors, and as such shall have
The right to sue and be sued in behalf of said
association. The board of directors shall
have the right TO fix such compensation as
hey may deem necessary for such officers
'ANJOO0 W ouO uPPAOfaA VI bQ6 ASSOCIATION
It stated meeting duly convened for that
purpose.
SEC. 5. Be it further enacted, etc. That
his association shall meet quarterly. ON the
lrst Mondays OF January, April, july and
cooper OF eaeh year, and oftener If called
OgetneT py the board, and notice of such
luarterly OF special meeting shall be pub
lsheO IaEeo uays In a paper having the
argest circulation in the city of New Or
SEC; O.. ne it further enacted, etc., That
men LaR0' has been acquired and it is pre-