Page 3

OverviewTranscribeVersionsHelp

Facsimile

Transcription

Status: Indexed

of carrying into effect the objects of the association
and hereby [seconds?] as such with the author-
ity & subject to the conditions in the next article
specific, & James Treat is hereby recognized acting
manager, secretary treasurer of the association
with power & duties as in a subsequent article
specified

Seventh
There shall continue to be a board of man-
agers consisting of three persons as above to
be appointed by a majority of the subscribers here
to or their assigns at a meeting of the Shareholders
when the present managers shall resign or
as often as a vacancy shall occur which man
agers or a majority of them shall have proven to
call for the payment of the balance due from the
several subscribers hereto on their respective
shares in conformity with the provision in
Article 5th at such times and such manner
as the same shall be required & shall have
authority to conduct & manage the affairs & operations
of the association To give instructions to the present
general agent & all other agents that may hereafter
be appointed by the association which instructions
shall be binding upon such agents until a decision
of the association to the contrary. And they may enlarge
or restrict the authority of such agent or agent as
they may deem expedient.

Eighth.
That James Morgan one of the subscribers hereto possessing
the confidence of all the parties he to continue to act as
the General Agent of the Company in Texas is hereby
authorized to carry into effect all projects already con-
templated & such further operations as the interest
of the company shall be deemed to require from time
to time according to his own judgement exercising
such powers a discretion as he may be charged
with by the board of managers, but subject to
their direction in all present [?] operations
& subject to the general authority of the association
to modify restrict or supersede his powers as

Notes and Questions

Nobody has written a note for this page yet

Please sign in to write a note for this page