The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-12
OFFICIAL.
LAWS OF THE STATE or LOUISIANA.
PUBLISHED BY AUTHORITY.
EXTRA SESSION OF 1877.
No. al. !
AN ACT

i mo"se hr nasa. g Tie STATE Of Louis
Isaac Marks Albert Bsldwip 'o.eq aobm nna
James |. Day, Luther Homes, Fred Wing, J. /.
Gubernator, Gus. A. Breanx, I'll. M, IsaaSson N
%. Bailey, John deddes, and such others AZ the,
may associate with them, are authorized to
| become, and are hereby made, a body cprpdrate
under the following charter:
| ARTICLE FIRST,
The corporate name and title of this association
| snail be the Louisiana State Fair Association
| and It's domiole s fixed in the city OF New
| Orleans.
ARTICLE SECOND.
| The object and design of the association ia to
promote and foster improvements ia all the vari-
GUS deparlme OF agriculture, including cotton.
sugar, coffee, tobacco, rice, hemp. etc hprti-
culture. fruits. vegetables, ornamental and sta
pie gardening: the promotion and development
OF the mechanic arts. home manufactures In ali
branches; the rearing, Improvement aud deve-
eral advancement. of rural economy: the enoonr.
agement OF household manufactures. and the
dissemina ten OF useful knowledge upon suoh
subjects. by Offering Inducements and premiums
therefor
ARTICLE THIRD. q
The president Of the association shall be tho
proper officer upon whom citation or other pro.
cess shall be served.
ARTICLE FOURTH.
The capital stock OF the association Ia berebv
liked at the sum OF one hundred thou sapd dol
lars, represented by four Thousand shares Of
twenty-five dollars each, which shall be
PAID lot at such times and In such installments
az the board Of directors may determine.
In case any subscriber refuse or neglect n, nav
his, her or their subscription or installment.
within sixty days after the sams falls due. the
board OF directors may declare the same for
Ieited 70 the association, or may keep or dispose
oil the same at pleasure.
ARTICLE FTFrIJ
No stakeholder shall ever be held liable for any
amount beyond his. her or their snbscription.
ARTICLE SIXTH.
The association shall have q seal. the device
being the "ooat Of arms" Of the State of Jonisi-
ana, with the inscription eneircipg ID of "Me-
ohsnios' and Agricultural Fair Association of The
State OF Louisiana and may use such medals
with devices, legends and Inscriptions, and Issue
such diplomas az may be determined on.
ARTICLE SEVENTH.
The powers of the association are vested in the
president and board OF directors, consisting of
eleven stockholders, who shall be elected arnr,-
ally, on the first Tuesday Of May in each year by
the stockholders, at such place In the city OF New
Orleans as may be selected, after advertisement,
Inserted 10 at least two newspapers published in
the CITY OF New Orleans. ANY stockholder shall be
eligible as q director, pTOuitied he own in his
own name one share OF stock. Notices of cleo.
ton shall be published ten days at least.
lot and held under the superintendent of a
committee OF the board OF directors and every
bona tide owner OF stock shall be entitled to AZ
many votes as he, she or they may own of shares
OF stock; propaded, that no person shall vote In
his her or their own name fifty votes at any
one election; and provided further, that after the
first election held hereunder no person shall be-
entitled to vote on any shares OF stock that have
not stood In his, her or their names on the books
Of the association for three months prior to arT
sj1eh election. - |
ARTICLE EIGHTH.
A plurality OF votes sbal be sufficient 10 elect |
directors, and they SHALL at their first Meeting |
sfer their election, select one Of their number |
Tor president, who shall be elected BY ma 1rity |
1f the board present at such meeting.
ARTICLE NINTH.
The president shall preside at oil meetings of |
he board, and all contracts, evidences of debt |
certificates, diplomas, ETC., shall be signed BY |
him. In case of his absence, from any cause, the |
directors shall elect of their numbe p,o tenn.
Who shall, for the time being, exercise the full |
,ower OF president.
ARTICLE TENTH.
failure from any Cause to elect directors on q
lay named for that purpose, shall not dissolve
he association; but the directors then in office
hall hold over until another election shall be
'ed, OF which due notice shall be given In the
manner pointed ont in article seventh.
AR fICLE ELEVENTH.
Isaac n. Marks, Albert Baldwin, VIM. b.
chmidt, James /. Day, L. Homes Fred Wing. j
!. Gubernator, @. A. Breaux, Fl. Nj. Isaacson' N.
J, Bayley, John Geddes shall be the first board or
irectors, and serve until their successors are
lected as provided for herein.
ARTICLE TWELFTH.
The president and board OF directors sb.r
ave the right to fill vacancies that NAV occnr in
1eir own body, arising from any cause, and are
uthorized to create and appoint such officers
nd agents as they may think proper for the
Management OF the association, delegattnp snch
Ulcers and agents such powers az may be deter
lined on by the board; and the board may adopt
ncn regulations and bylaws, and change, alter,
.pesi ana amend the same at pleasure; pro-
'ded such rules, regulations, bylaws, etc., be
OF inconsistent with law or these presents.
ARTICLE THIRTEENTH.
This association is formed TO continue and On. |
IRE for the term OF twenty. five years from date
Mess sooner dissolved, by vote of the stock.
olders, or by law.
ARTICLE FOURTEENTH.
The board Of directors is authorized to lease.
archase and hold such real property, lands,
nements and other appurtenances as they may
quire, for the use or exigencies Of the assoca-
on, and sell, dispose Of ALLEVIATE cucumber and !
ypothecate the same, or any part thereof, at
easure. and they shall be entitled to and enjoy
10 benefits OF all the rights and privileges of The
echanics' and Agricultural Fair Association nm
n previous acts and laws Of the State.
ARTICLE FIFTEENTH,
The directors shall. il they think proper. and IL
~ profits justify it, declare such dividends Az
ey may deem advisable.
ARTICLE SIX TENTH. II
Books for the registry and transfer OF stock
all at all times be kept; all transfer of stock I
all be made on such books and signed by the
areholder, or his attorney. The directors NAV +
ose said books at any tins, but for no longer
riod than ten days. a
ARTICLE SEVENTEENTH.
No certificate OF stock shall be issued until The q
Ii amount be paid thereon.
ARTICLE EIGHTEENTH.
The stockholders, at general meeting con-
ned for that purpose solely, after thirty days
'tice IN one Or more newspapers published in
is city may add, modify, amend, change or
ter these articles, in the manner pointed ont by
Vi. but the consent Of three-fourths of all the
ock represented at such meeting shall be ne
ssary for the validity ofeuch change. alteration.
dition. amendment or modification. h
ARTICLE NINETEENTH. t