New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-09-08
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 Fl. Green,
Green Curtis, L. Knight, William Wallace,
L. kenner, S. Haywood, Charles Figers,
John L. Brewer, James Lewis, Thomas lsa-
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 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
same5 20 make and adopt such constitution
and bylaws not inconsistent with the laws
of this State and of the United States; to,
alteg and amend or modify the same at
pleasure
Sec ,. Be 10 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 Cd twenty dol
Jars each share.
nu member of this association shall hold
more than five shares, and each member, on
each ard 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 Pie number limited than he
as tirsS held, shall pay a sum in addition
equal tie the amount already paid by mem
bers holding the number of shares desired
by himo with the interest which has accrued
thereon up to she time of his application, so
as 2e Jnal,e his entire payments pro rata
WitlbthQ Otherso
SEC s. Be it further enacted, etco That
the officers Of the association shall consist
OF 8 president, vice president, secretary and
treasurer. with five 0ther persons, who to-
getheg shall constitute board Of directors,
six Of whom shah 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 shaIl'haye
the right to sue and be sued i'll behalf Of said
association. TIE board Of directors shall
have the right TO fix such compensation as
they may deem necessary for such officers,
subject to the approval of the ASSOCIATION
at a stated meeting duly convened for that
purpose.
SEC. ). Be it further enacted, etc. That
this association shall meet quarterly, on the
first Mondays Of January, April, July and
October of each year, and oftener ifcallcd
together by the board, and notice Of such
quarterly or special meeting shall be pub
lighed three days in a paper having the
largest circulation in the city Of New Or
leans.
SEC. 6. Be it further enacted, etc, That
when land has been acquired and it is pro
posed 70 distribute the same the board of
directors shall cause the same to be equally
divided among the members of the associa-
ton, and shall lay the plan of distribution
thereof before a quarterly or special meet
ing, duly announced, in order that the plan
omay be ratified and carried into effect, or
such other substituted as may seem best to
the association.
SEC. I. Be it further enacted, etc, That
this act shall take effect from and after its
passage.
o tSigned) 0. H BREWSTER,
Speaker Of the House of Representatives.
iSigned) ?. B. S. PINCHBACk,
Lieutenant Governor and President OF the
Senate.
Approved April D, 1872.
(Signed) H. G. WARMOTH,
Governor OF the State Of Louisiana.
3 frue copy:
j. j. HERON
Secretary of State.