New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-08-17
CORPORATIONS.
their seats on the third Monday In the same
month.

their seats on the third Monday In the same
month.
Each share of stOek shall enttla the stakeholder
owning the same to one vote but no stakeholder
shall vote On mere than one thousand shares. No
transfer Of stock made within the thirty days pre-
cedipg an election of directors shall entitle the
tIansferee to cast his vote a: such election
ARTICLE XVII.
The Boari of Directors at their first meeting
after their election shall choose OF their
Der fo- President OF this corporation, and said
election shall be by bailo and BY majority of the
ARTICLE XVIII.
AM director about to absent himself f1r period
o. six months may appoint substitute in his
stead; provided said substitute SHAH have in his
own riEht not less than twenty five shares OF the
capital stock of the company. aCd PROVIDED also.
said substitute be approved OF elected by the
Board OF Directors for the time being.
ARTICLE XIX
Thu Board Of Directors sh all appoint 'cre:ary
AMI such Clerks ASST .tant5 as NAV be required.
and remove the same at pleasure and shall ii x the
salaries of all officers OF this company and the
amount of security 10 be required Of any officer
emplove or agent. The board may also delegate
such power il the transaction of the ordinary
business OF the company to committees OF their
own body, or to their officers or agents as they
NAV deem expedieuc. The board shall also have
power TO supply any vacancy thai may occur
among their own numpsr, ~ death r.slenation
bankruptcy or absence without leave fDr three
successive months iroIl the regular meetings of
the Eoavi.
The stockholders IN no Circumstance. whatever
shall be lIab- tor any amount beyond that OF the!c
subscription. . .
Books for IL. registry and trans'e. OF shares
OF the capital stock Of the company shall be
open and KEEP: subject to the restrictions directed
BY the bylaws. All transfers of stock shall bo
made CT said books and signed Ivy the share holder
OF his attorney il. fact, which books the Board of
Directors mag close as ott.l as convenience or ex-
pediency NAV require, aad :0I sUch period ma y
be determined by them.
ARTICLE XXI:
failure ts eject direc tors the day named for
that purpose shall not dissolve the association.
but the directors then Ill office shall hold over
until their successors are elected and quail fled.
III case from any cause an election shall not be
mad. on any day appointed therefor. 1t shall tie
tax. place within fifteen DAYS thereafter. giving
XIV. Wv - ''
Ni.u.es.s all the proceedings Of the Board OF
Directors shall be kept by the secretary and ver
fed ov the president and the president and seCre-
tary shall s: On AL notes drafts, checks certificates
| Of stock contracts and all evidences Of oebt OF
| this company.
~. c.arte, NAV be modified. or altered and the
capital stock NAV be increased with the consent OF
three fourt of the stock represented in general
| meeting or the stOckuOiutTS COuNtucu lOE Iudt
,nirpns. a:-er thirty days motto. by publication il
! any daily newspaper of the city Of New Orleans
ARTICLE XIV
| The liquidation of the affairs Of this company
shs!. be name by three mmlssioners, appointed
bv the stockholders at a meeting held for that pur
| pose after thirty days previous notice in two
| newspapers published in New Orleans. Said lqu
dators shall be solvent persons not Indebted to the
assoeiation residents Of New Orleans. Theil
terms Of Office shall be assigned. ana all necessary
powers shall be conferred upon them. The period
@: liquidation shall be fixed, as well as their com
peas..,on in such manner as the stOchhoder - in
| genera, meeting convened slal deter0lne.
| ARTICLE XXvI.
| Books Of subscriptions ef stocks shall be opened
a. such times and places AS the Board 81 Directors
NAV determine and Il upon.
| ARTICLE XVII.
The names and respective interests CT the parties
! ~ this act are declared as 10 lows VIZ