New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-09-14
No. SO.
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 H. Green
Green Curtis, L. knight, William 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's
| Homestead Association. The domiciIe 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 OF 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 installments of twenty dol
lars on each share.
SEC. 3. 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. Amy member desiring more
shares within the number limited than he
at tlrst held, shall pay sum in addition
equal to the amount already paid by mem
bers holding the number of shares desired
by him, with the interest which has accrued
thereon up 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 president, vice president, secretary and
treasurer, with five other persons, who to-
gether shall constitute a 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
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 40 fix such compensation as |
they may deem necessary for such officers, |
subject to the approval of the association |
~ 90 Soe'CA 4i1CCtIuS utLlJ COuh5ueu 1Op LRdP |
purpose.
SEC. So BE it further enacted, erc.o That
his association shall meet quarterly, on the
irst Mondays of January, April, Judy and
october of each year. and 0ftener if called
ogether by the board, and notice of such
quarterly Or special meeting shall be pub
ished three days in paper having the
argess circulation in the City of New Or
cans.
SEC. g. Be ie further enacted, APc.. Chat
7hen land has been acquired and i8 is pro-
osed to distribute the same, the board of
irect0rs shall cause the same to be EQUALLY }
lVided among the members of the associa- !
on, and shall lay the plan of distribution
hereof before quarterly or special qnaef-
", duly announced, in order shat the plan
lay be ratified and carried into effect, or
4ch other substituted as dnRy seem best 60
le association.
SEC. T. Be it further enacted, ETC., That
us act shall take effecB from and after its
8ssage. 1
iSignedy Oh. BREWSTER,
1eaker of the House of Representatives.
(Signed) p. B. S. PINCHBACK,
lieutenant Governor and President Of the
Approved April %, 1872.
(Signed) H. G. WARMOTFf, !
Governor of the State of Louisianao
A true copy:
+. j. HERON,
Secretary of State, &