New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-05-21
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 H. Green
Green Curtis, L. knight William Wallace
L. henner, ). Haywood, Charles Vigers,
John l.. Brewer, James Lewis, Thomas Isa-
belle, and all others who may associate
with them from time to time, are hereby
created body corporate, under the name
ana title OF the Louisiana WOrkinrmen'S
Homestead Association. The domicile Of
SAID body shall be in the city of New Or.
leans, and shall enjoy under this title per.
petuaI succession, and be as such capable
10 suesand be sued, to plead and be in.
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: 10
alter and amend or modify the same at
pleasure.
Sec. 2. Be it further enacted, ETC., That
the oDJect OF this association shall be TO So
cure by purchase or donation. land or lots
OF ground in this State, and the same shall
be distributed i'll the following manner
IN shares CT one hundred dollars each. to
be paid IN five instaIlments of twenty dol.
lars on each share
SEC s. BE 1t further enacted. etc. That
no member OF this association shall hold
more IMAM hve shares, and each member, on
each and every share of stock held nv him.
shall pay to the treasurer the snm of fwenty
dollars on each and every share held by
such member. Any member DESIRING mora
sHaFes Wlthln the number limited than he
al nFst held, shall pay sum in additim
SSquai 10 the amount already paid bv men
he oi Ii nolulng the number of shares desire
ny hlm' with the interest which has accrna
90 80 oOn ~ 10 the time of his application,
with the others. pm A%''
4, SEC: 4. BE it further enacted, etc That
Cne OIhcers OF the association shall coDsist
Vi president, vice president, secreta mn o1,d
treasurer, with five other persons. who ~.
geIher shall constitute a board of directors
ak sl1 vi Wnom shall constitute quorum: and
Ihe ABOVE named persons shall he chose,
annually by ballot The said oficars ov5
BOARD OF directors to be possessed Of III
powers and duties incident to Ike of4;,or-
IN similar corporations The president -
SAID association shall be the president of+Sa
BOARD OF directors, and as such SHAH beTo
Ghe right to sue and be sued in behalf ofsa;S
dssocI3llon. The board of directors shall
nave the right TO fix such comnensot;o, %
they may deem necessary for sncb &C., 6
SUBJECT to the approval of the ossoa;rt;a,
at stated meeting duly convened for that
purpose. 0N AO1 Ul'aO
SEC. 3. Be it further enactad oto T.o4
this association Shall meet ousrterl ~ I tbs
6rst Mondays of January, April ,f1Iv and
october OF each year, and offener If SSsiisJ
together by the board, and notice of such
ggag5er tE OF special meeting shall be pub
iar~es+ , c;rot,1 days in paper having the
ie aageS' circulation in the city of New Or
pc; Q. re 1t further enacted etc. That
when land has been acquired and III II is pro- pro-