UTSA James Morgan Papers

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Pages That Mention F.P.

1. 2 Unknown, 23 October 1835

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such agent to appoint a co-agent or agents or to substitute another in his place.

Ninth. The Board of Managers shall be responsible to the shareholders only for the faithful application of the funds to the purposes herein expressed & manage ment of the affairs of the Company according to their judgement & are hereby authorized to em ploy said funds themselves or through the gen eral agent aforesaid or his successor while he shall continue to enjoy their confidence

Tenth That the acting managers, Secretary & Treasurer shall consult his colleagues in all matters he may deem of sufficient importance, and the Board of Managers shall be bound on the application of any shareholder to call all the share holders together for the purpose of consulting upon the specified matters & shal at such meeting they shall report the condition & prospects of the company to the shareholders, or so far as information shall be desired by any shareholder present.

Eleventh. Due notice being given to all the shareholders of the time & place of meeting, a majority of the shareholders shall be competent to transact business and to regulate the affairs of the Company in all respects not inconsistent with these articles. I witness whereof the said parties have hereunto suscribed set their seals the day & year first above written. In presence of Frederick Platt

Samuel Swartwout F.P. John S. Bartlett F.P. Joseph S Avenzano F.P. Walter Mead F.P. J. Morgan F.P. James Treat F.P. Jno. P. Austin F.P. Wm Dall [by?] Jno. P. Austin F.P. Lorenzo de Zavala By his Atty. James Treat F.P.

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Twelfth. It further agreed that the authority to supersede the present General Agent and substitute another in his place as specified in article 8th belongs solely to the shareholders anot to the managers & shall not be exercised without just cause as inefficient or improper management & a decision of two thirds of the shareholders to that effect after due no tice to said Morgan of the cause alleged & after re ceiving & considering his answers & explanations in regard therto on sufficient time given him to make such answers & explanations

J. Morgan F.P.

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