New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-03-28
velopment of the agricultural resources of

/ velOpment Of the agricultural resources o.
this and other adjoining States.
SEC. 3. Be it further enacted, etc.. Tha,
the officers of this association shall consis,
or president. vice president, treasurer and
asecretary, to be elected annually by the ma
Jorlty OF the members present at the annual
general meeting, to be held in the month OF
January. and the president shall be the
proper officer upon whom shall be served all
citations, notices or legal process agains,
the corporation.
SEC. 4. Be it further enacted, etc. That
the affairs Of this corporation shall be under
the control and supervision of a board OF
directors, or managers, composed of all its
0mcers, and five members to be elected an
nuaily at the general meeting held in Janu-
ary.
SEC. 5. Be it further enacted, ETC., That
this corporation. under the name, style and
Title aforesaid, shall have continuance and
succession, according to law, Tor the term of
twenty tive years from the passage of this
act, and shall be capable in law to sue and
De sued, to plead and be implicated in all
the courts of this State and elsewhere: to
contract, hold, receive, purchase and con-
Vey property, both real and personal; to
make and establish constitution or such
bylaws as may be necessary for the proper
management and administration of it's
affairs, and the furtherance OF its purposes
and object; to alter and amend the same:
provided, said constitution and by. laws be
not inconsistent with the constitution or
any OF the laws of this State, or of the
United States; to have common seal, ard
the same to break, alter or renew at pleas
ure; and to possess all the powers and privi-
leges granted by law 10 cor porations.
SEC. o. Be it further enacted, ETC., Thst
should this act be not renewed at the ex-
plratlon thereof, or should this corporation
be sooner dissolved by consent or other
wise, 1t should be the duty of the officers or
board OF directors to settle and Gquidate
the affairs OF the corporation within six
months from such dissolution.
SEC. Z. Be it further enacted, ETC., That
the capital stock of this corporation shall
be ten thousand dollars, divided into shares
OF ten dollars each, to be paid in the man
ner following: One dollar on becoming a
member of this corporation, which sum
snail De considered an initiation fee, and
the balance to be paid at such time as the
board OF directors shall determine, provided
tnat not more than one dollar shall be re-
CURED to be paid annually; and any person
subscribing one share may become a men,
Der, with the consent of the board OF direc-
tiers. And the said corporation shall have
the power to increase its capital stock to
twenty thousand dollars, and all revenues
-, 80 ioh, ooiiNeu Hou any source
" hatever, shall only be applied to carry out
the objects and purposes herein set forth.
SEC. g. Be it further enacted etc., That
his act shall take effect and be in force
from and after its passage.
tSlgned) CHARLES w. LOWELL.
Speaker of the House Of Representatives,
.(Signed) c. C: ANTOINE.
Lieutenant Governor and President of the |
Senate
Approved March 81, 1874.
(Signed) WILLIAM P. KELLOGG.
Governor of the State OF Louisiana.
A true copy:
p. 6. DEsLONDE,
Secretary OF State