New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-06
CENTENNIAL INTERNATIONAL EXHI-
RITION.
Act Of Congress Relative Thereto.

ti0nal Exhibition. to be held IN the city
Of Philadelphia, State Of Pennsylvania
| in the year 1876.
WHEREAS, Congress did provide, by an
| act entitled San act to provide for ceIebrat
| ing the one hundredth anniversary OF
| American independence by holding an in.
| te1natiOnal exhibition of arts, manufac-
| lures aud products Of the soil and mine, in
| the city of Philadelphia and State Of Penn
| svIvania, in the year 1876, approved March
| 3, 1871, for the appointment OF commission
| ers to promote and control the exhibition OF
the national resources and their develop
ment, and the nations progress in arts
which benefit mankind, and to suggest
and direct appropriate ceremonies by
which the people of the United States may
commemorate that memorable and decisive
event. the Declaration of American indie
pendence by the Congress of the United
Colonies assembled in the city of Phlladel-
phia, on the fourth day of July, A. D. l776:
and whereas, such provisions should be
made for procuring the funds requisite for
the purposes aforesaid as will enable all the
people of the United States, who have
shared the common blessings resulting from
national independence, to aid in the prepar-
alton and conduct of said international ex-
hibition and memorial celebration under
the direction of the commissioners of the
United States; therefore,
Be it enacted by the Senate and House Of
Representatives of the United States of
America in Congress assembled, That there
is hereby created a body corporate, to be
known by the name of the Centennial Board
of Finance, and By that name to have an
incorporate existence until the object for
which it is formed shall have been accom-
plished: and it shall be competent to sue
and be sued, plead and be implicated, de-
fend and be defended, in all courts of
law and equity III the United States;
and may make and have corporate
seal, and may purchase, take, have.
and hold, and may grant, sell, ard
at pleasure dispose OF all such real
and personal estate as may be required in
carrying into effect the provisions of an
act of Congress entitled AN act to provide
for celebrating the one hundredth anniver-
sarv of American independence by holding
an international exhibition Of arts and
manufactures, and products of the soil and
mine. in the city of Philadelphia and State
of Pennsylvania, in the year 1876" APP
proved March 3, 1871, and all acts supple
mentary thereto; and said centennial board
of finance shall consist of the following
named persons, their associates and sue
cessOrs, from the States and Territories as
herein set forth:
Louisiaala.-At iarge-fsaac n. Marks,
William D. Wylie, c. H. SlOcomb, John Z.
Clay, Ebert CAN'T, Moses H. CroWelI.
First Observation-Disclosures Lawrence, G. Z.
Girardey. Second Districts. Il. Kennedy,
A. D. Voisin. Third District-A. J. Sypher,
G. T. Beauegard. Fourth District-G Gorge
Williamson, A. B. Levisse. Fifth District
A. w. Merriam, j. Frank Pargoud.
SEC. 6. That the said corporation shall
have authority and is hereby empowered to
secure subscriptions of capital stock to an
amount not exceeding $l0,O00,O0O, to be
divided into shares OF $40 each, and 20 issue
to the subscribers of said stock certificates
therefor under the corporate seal Of said
corporation, which certificates shall bear
the signature of the president and treasurer,
and be transferable under such rules and
regulations as may be made for the purpose.
And it shall be lawful for any municipal or
other corporate body existing by or undtr
the laws of the United States, to subscribe
and pay for shares of said capital stOcF,
and all holders of said stock shall become
associates in said corporation. and shall he
entitled to one vote on each share; a. d
it shall be the duty of the United States n
tennial commission TO prescribe rules TO en9~
BILE absent stockholders to vote by proxy.
The proceeds Of said stock, together
with the receipts from all other sources,
shall be used by said corporation for the
erection of suitable buildings, with their
appropriate fixtures and appurtenances,
and for all other expenditures required in
carrying out the objects of the said act of
Congress Of March 3, 1871, and which may
be incident thereto. And the said corpora,
ton shall keep regular minutes of its pro-
ceedings. and full accounts, with the voucL-
ers thereof of all the receipts and eXi Idi.
lures, and the same shall be always open
to the inspection of the United States cen
tennlal commission, or any member thereof.
SEC. 3. That books of subscription shall
be opened by the United States centennial
commission, undeg eucb rules as it may
prescribe, and an opportunity shall be given.
during a period OF one hundred days. TO
the citizens of each State and Territory. TO
subscribe for stock 10 an amount NOS eX.
ceeding its quota, according to its pOpula-
lation, after which period of one hundred
days, stock not taken may be sold 20 any
person or persons or corporation willing to
purchase the same.
SEC. i. That after the expiration Of said
period of one hundred days. the United
States centennial commission shall issue a
call fer meeting, by publication in one or
more newspapers published at the capital Of
each State and Territory. not less than
thirty days prior thereto, of the c0TporatOrS
and all others who may then have sub
scribed for stocks. to be held in the city
of Philadelphia. for the purpose of elect
ing a board of directors. to consist of
twenty-five stockholders. whose term Of
Office shall be one year, and unul their
successors shall have been qualified:
at which meeting those who NAV be present
in person or by proxy, of whom 100 shall
constitute quorum, shall be competent TO
organize and elect said officers. The said
board OF directors, and every subsequent
board shall be chosen by the stockholders,
out of list of 100 stockholders, selected
and nominated by the United States cen
tennial commission. Nine members Of the
board of directors shall constitute a quorum
for the transaction Of business but no cleo
tion or change of officers shall take place
unless at meeting Of the board of direc-
tors, at which majority shall be present.
SEC. ). That the said board Of directors
shall elect, from its own number, a presi-
dent and TWO vice presidents, whose term
of Office shall be one year, and until their
successors shall have been duly qualified,
and shall appoint a treasurer, a secretary,
and such other officers as may he required
to carry out the purposes Of the corpora
ton. which elected and appointed officers
shall hold their respective offices during
the pleasure Of the board, receiv
ing such compensation as the board
may prescribe; and the board shall adopt
such bylaws. rules and regulations for It's
own government, and for the government
of its officers. as may be deemed eXpedent;
provided. that the same shall not be incOn-
sistent with any act of Congress. or the
rules adopted by the Lifted States centen-
NAL commission.
SEC 6. That as soon as the board of
directors shall have been duly organized, az
provided for in section five of this act 1t
shall be the duty of the United States cen
tennal commission to deliver to the said
board all stock subscription books, with the
papers and records of any kind il its pos