New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-05-09
CORPORATIONS.


insuran to the association and in default Of the
said first mortgage the ass )caticn shall nave TN
power to accept good and unsqu1vocal collaters
SIC g. The assocat on shall also have power to re,
mes VI Back due 70
ISOLATION represented by ths mortgage notes held
BY tie association. natured at the date Of the
present act Of amendments; the stoch dated the
tenth day of October, 1872 and the scrip thereto
| attached shall be received for fit yfve dollars
Of hsVs
power tn it's own stock at par value. in set.
tement of all indebte 1ne due to the ASSOCIATION,
provided that the party OF parties awaiting himself
or themselves of this provision shall pay his her
OF + their Indebtedness insured or not in full end
| without discount and provided also that In the
belonging to the association and any mortgage or Of
his Indebtedness the assocation aud they shall
not be provided with sufficient amount OF stock
said Indebtedness in iu the assoca alton shall have
power to receive the difference in currency; and
power exercise this mode OF settlement until the
CAPITAL stock of this ass0cia iOo shall have become
reduced to forty thousad dollars by said mode of
settlement, when all payments to the ASS ociati0n
shall be made in curreccy.
SIC. S. All stock received by the association in
payment of ndebt0dness to it shall be, pso facto.
canceled. and record OF all such ca aceled stock
shall be kept.
SECTION l. All the corporate powers af the ssso.
citation al all be exercised bv Board of Directors
anc such other officers and clerks as they may ap-
point.
SEC 2. The Board of Directors shall consist of
eiGht stockhdders, five OF WHOM, shall form q
Quorum tor the transaction of all ousine Of the
SEC he election of the Board of Directors
shall take place an the sec md Monday Of October
too, in this city, of which the president shall
cause at east fifteen days previous notice to be
city. In the event Of no election taking place on
the day aforesaid, the president shall cause
.nothe. election to take pace within ten days
tisAlneut in two of the ne sspaners OF this city
SEC 4. Ths Board Of Directors shall appoint
three of the stock holders of the associa on com
ssioners and two tel ers, to conduct. supervise
and report said election, and they shall Ger isy
under oath to the correctness of their report. The
Board Of Director. thus elected shall for the
t~rM of one year, or until fLt II successors arc
duly elected and hsve qualified
sKC 5. Zach aud every srOckhcder shall be en-
titled at elections either in person or by proxy to
ons vote on each and every share of the capital
hold; but not to vote on any stock to him, her or
! them transferred within thirty days previous to
aid ection; and those persons recel wing plural.
| ity of votes sh alt be considered elected.
SEC 6. The Board of Directors shall annually,
bers as president who sh all hold his office for
year, until his successor is elected and has
qualified; the Board Of Directors shall also ap-
point all the other officers and clerks Of the asso-
citation, and shall tx the compensation of the
| presidents and of al the officers and clerks en-
ployed BY the association.
SIC. !. The presid ,nt shall preside at all meet.
ings of the Iard of Directors, and at the neet
ings Of the stockholders of the association, and
shall conduct the bucpess OF the association gem
orally under the superv ision OF the Board Of Dr.
rectors; the president lie. moreover. hereby fully
authoriz ed to make, execute and eign ell act or
acts tn tt st al may be and requisite
to out the object AID purposes Of the asso-
ciieiOn.
ssc..s No etcckholaer shall in any event be
mad. liable for the losses OF the Is ISOLATION
beyond his, Der Or their subscription 10 the capital
stock of the aSsociafOr
ARTICLE VII.
SECTION l. In case of non. payment. the Board Of
Dire ctors shall have the power to foreclose the
l. The pawn ant Of the purchase Price Of all prop
I critics sold 10 tt Association. z The payment and
reimbursement Of an a1vances ma 1e oy the asso-
count of others. 3. The payment and reimburse
ment of all advances made by the association as
T. al estate agent. =. And generally she payment
and reinburs e ment OF any and all advances made
by the associatIoa to carry out ITS objects and pur-
SEC. 2. The Board of Directors shall have power
to purchase any aud all properties 80 sncumbeIed
any forced sale OF the sans it, in their opinion, the
| interest OF the ASSOCIATION would be promoted
thereby, and to SCI, convey or lease tho same to
SEC. 5. The Board Of Direc tors shall have power
| to adopt such bylaws as they may deem necessary
| OF the association not contrary to this charter,
| and to modify and change tie same whenever
preside n. they shall have power to appoint ore
| OF their own numbers to act in bis place.
| ARTICLE VIII.
| The f1lowing named persons, duly elected d.
TOTS Of the association Monday, the eleventh
day of October, 1875, shall continue in office under
| this amended charter until the second Monday of
and qualified They are hereby vested with ali
| the rights and powers thereunto belonging. with
| power to I'LL any vacancies which may occur II
their number, and generally to do and perform all
| acts AMI thngs not herein provided for, which
may be necessary to carry into full effect the OBJ
jects and purposes OF this association:
Lueien lollo Jo,e Antonio Fernandez,
! Victor Demoureile, J. Martin villavasO,
Gustave Cast, John Weber.
At the expiration of this chartsr or sooner, as ia
herenabove provided fer by section two of article
dated its debts paid AID the balance divided
| among the stockholders pro rata OF the amount
by each held Of paid up STOCK and in conformity
| three. The Board of Directors shall have the
power to fix the term of liquidation and to- ap-
the president and two stockholders the president
of the association to b ex ocio president Of the
board OF Aquldatorss; pr,c,pv
! The stockholders of the association, at q gen.
eral meeting to be convened for the purpose. after
iished in this CITY, shall have the power to make
any changes additions or modihca lions to the act
| of Incorporation, provided that three.fourths OF
| the votes represented at such meeting shall vote
| in favor of such proposed measures aud any and
| all such notifications, alterations or amen dments
Thus done and passed in New Orleans, at my
| Office the day, month and year first above writ
tsn in the presence CT Armand Pilot, Jr., and Gus
| rave NJ. Leteller. competent witnesses, who have
| signed with the said parties and me notary, after
| reading the whole
Original s.sred:
| G. CAST.
| J. VILLAVOS0,
! q. PITARD,
| j. A. FERNANDEZ,
| LUCIBN MOLLO.
| " DkMOURELLE,
| John WEBER,
| A. Pilot. JR
| g. NJ LETELLIER.
g. LEGARDEUR, JR.. Mary Public.
| 1. the undersigned. deputy recorder of mort.
lsh Of orle aus. State of Louisiana do hereby
| THY tina. the foregoing amendment Of tina charter
of the New Orleans Circuit FOucier Association was
duly recorded in this office Book Society No. ll8,
J. NJ. CONWAY Deputy Recorder.
| New Orleans, April IT, 1916.
A true copy of the original On file and of record
G. LxGARDErR, JR, Notary Public.
New Orleans, April II, 1876. aplG IS my29
OFFICIAL NOTICES.
SEALED PROPOSALS..
| CF4LED PROPOSALS WILL BE RECEIVED AZ
! - the Office of the Department of Improve
| ments until FRIDAY, Nav l9, at twelve O clock NJ.
| OF LUMBER as per specifications ON file in the
| Office Of the City Surveyor.
| my3 4. A. BURKE Administrator.
SEALED PROPOSALS.
1.rrau T~ycrp NC nuuY