New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-16
AHT1CLE IL
Functions and Powers.
ARTICLE III.
Objects and Purposes.

sbg0lattoo OF lts AFFAIRS as may Do necessary 6nd
ARTICLE ILL.,
EE Objects and Purposes.
The object and purpose Of this association are
aorpby declar' to be- th1 following tO-wiE
4 To enabl residents of this State 10 acquire
t0neatead6.
4 To establish as many stores this association
may think proper for the benefit of the stockhold
10 no d. receive, pnr haze and acquire. under Its
corporate name. property both I.ai and De sonal.
To subdvide into kts ali lands thus held and nc.
CURED O build upon, improve. lease. sell or other
lease or sell any other land. that may be held by
aa association either under act o. procurati0n or
other ageuey. 70 make advances on real est ate or
other satisfactory securit.s 10 any person tor the
purpoees s.t above and generally 10 do aud per-
form ali other a"ts ad tran act all other bu sin-ss
sot BIZ rein prov lded for. aud which be neces
ssty carry int" ftii. tdcct the op3tc1 aud puf-
pss-s OF tina organization
ss ARTICLE ~.
Capital stock, Sha res, Etc.
The capital ock of his association shall be
kyp hundred th0nstud dollars. with the privfIe GO
10 tncreasr the SANE at any time The ve hun
drri Thousand d. liars ue divided int" fifty thou
Sand shares of the par value of ten dollars earh
and c4rtif Gates for the shall be ssued only
apOu their p4, meat in full. One fourth OF each
s,sbsc ription shall be payable the time of said
snt.rr:ption. aad the remaining three fouI this in
three equnl s.alueuts, fixed on the hrSt MoA-
days OF March, july and November.
ARTICLEv
Transfer Of Shares.
achievement and delivery OF The eeriihctte there.
~ such iudorae nent beng by she signature of
che ,er bv his or her attorney or legal repre-
sentative; but such transfer shall not BE- valid Tor
my purpose whatever excepi betwteHtht parties
hereto until the same hall have 6ren eutered on
ahe looks Of tins corporation, so az 70 show ths
names Of the parties by aud 70 whom fra s!erred,
the number aid des guato of the shsre or shares
aald the date OF the transfer.
.- v ARTICLE W.
Time of CONNIE RcirG Business.
~ u4nre hairt la "a
"A ffty thousand dollars OF the capital stock shall
AAye been subscribed for
e-.. ARTICLE VII
Limit Of StOckhosders' Liabilities. s-
80 stockhoder shall in any event be made liable
syoud the OF his su bso' UPTON to the CAPT
~ stock his Indebtedness to the association;
cor shall any mere intormalify in organisation
aave tn, effect of rendering this charter nui. or OF
exposing a stoc hcller to any liability beyond the
ssDount Of his stock
ARTIcLB VIII.
DELINQUENT Stockholders.
All SHARES of said corporation shall remain
ua,sged tn said corpora ion until their final paw
suent. and IN case Of non-paymfnt OF any install
pent oue on SAID share or shares as required ~
che present charter, the delinquent stock holder
shali Ios- ali lis privi!, rs aud acquired rights
sUsing from the 81 me and from bis subscriptions;
md in cas-. Of failure on the part o. ssld asih
ecmxAy with h r.quisit Of the present charter,
he company shall have the right to sell said share
q shsres so pledged, without the intervention OF
ARTICLE TX. .r..-
Corporations ns Subscribers.
Corporations may become subscribers TO the
stpck OF this association.
ARTICLE X.
Bonrd of Directors.
All the te powers OF this association shall
b. exercised and u i its business man grd h.
Board of Directors, composed entirely OF stockb"d,
a. resdnts of s slatt "a Maori. q of snsi
nsse The said Board 81 Dire ctors shall be chosen
and constituted as follows. to Wit On the thi'd
shereaf or the stoc k6oldrrs shall convene at the
dice Of the company i'll New Orleans, and elect, by
Val OF or otherwise in person or ny proxy, nine d.
scctors, residing in the city OF New Orleans
Tie boa, d shall proceed, Immediately uTon ter
election to nominate asd npg" ,b, e shs &moefs 40
ANY vacancy ocru rug in eaia DO 'rd from any
cause whatever, shall be oiled b. e!ectSsn, oy the
perform the dutes " his posi- ion IN the boar Tor
the period of three consecutive months u ay es
considered by a vote of the board, TO have vacated
his seat, and the vacancy filled as II lie had TO-
dgned. e..
FIRST Board and First Corps Of Oficers.
The fo,lo.inE named STOCKHOLDERS shall c.rns;i;
tute IN. frs, Board of Dur, c,or.. who shan hold
Sheir Office until tn. third Monday Of December,
Is.6 unit their successors sGtll b., duly eected
ana aunlltrd To wit: jules ruyes Emile DeBuys,
Jean Langles Alahonse Tertrou. Charles Eathan,
Ds'geville T. Krruon, Y, CSp'len REGARD. Arstide
Gerard and Wi IAN b. Schnid and the following
period to WI: A. Gerard, PRESIDENT X. DeBuNs,
vice president; Dls an Hslpheu secretary, aud
ULCER bauve, treasurer
The Board OF Directors shall have power to elect
appoiut such other I'll Gers and employees NAV
De required tor the transact ION at tho business OF
the company; they sh<ll also II the COMPENSATION
Of ga officers and employees; they shall! have
poSsf Ia remove any person appointed BY them,
sor neglect # daty incapaciiy malfeasanee il
Office or for any other cause that jusI ity such
remoy al aud they shall have power 10 slpplv any
vacancy that may occur In their body BY death,
resiguttion o. herwise-
ARTICLE XII
Election Of Directors.
Az The TIM. and acc Ii ed by art Gle te of this
charter an electian for Cirecto shal be held aud
apluraiity If votes counting one vote TOR every
share OF stock voted on, shs re SUFFICIENT TO elect,
crowded thar no one stakeholder shall Ne entitled
" cast moe than e hundred votes AT any. enc
6me either as oioXy or otherwise. lniilre 10
elect directors on the day aforesaid shall not ds'
solve the associ, to- but the president shsl cause
smother election 70 he held within thirty DAYS
thefeater giving notice of the Same By dveitIsing
Nty OF New Orleans.
ARTICLE XIII u
SUB Directors. .,
Ycr each OF The country rarishee = board OF sno'
directors, esnsipti OF nieuiner Tor very hve
hundred shar rs sd rc rib d thst parish viii be
elected by the stock holders of that parish, At the
date and place. u. ri mated BY the general board,
who will serve for one year from the date Of their
oaNct,0n. - .fs t1I
asaAd sub-direetors will correspond directly With
tho general taaTd givi & Information Which may
ecncoru the int SITS Of the sssrciatinn; they H.
alGOs whom IN the city, be admitted TO the iusp<c.