New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-05
CORPORATIONS.
STATE OF LOUISIANA. PARls6 oS oAi
LEANS.

STATE OF LOUISIANA. PARISH os oai
LEANS.
BE n known that On the thirtieth day OF jay
1853 before me. Edmund George Wells. q No. nxx
Public in ana for the parish OF Orleans, tAeeW
Louisiana aforesaid, duly commissioned ana onae
fed and in the of the with esses nefelnaI
ter named and undersig ned personally came ana aP
peared the persons hereinafter named ana nn iS
signed who severaIly declared that, avali.ng
of the provisions of the statutes OF the
State of Louisiana relative to the organilato9s o.
agreed and DO by these presents covenant ano AEte
and bind themselves and tnose wn oss;t, Icy
corporation for the objects and under the snpn""
tons, regulations, and obligations following, w.
ARTICLE FIRST.
TIE name and title OF this CorpoTationn shan pe
LING COMPANY.
ARTICLE SECOND.
The domic OF the Corporation ehall be at the city
OF New !ileans tate OF Lou,siana, n LIE anoner
dissolved. The Corporation sail hive common
seal, the device OF which snail be car iuiy saa,p
traced thereon.
ARTICLE THIRD.
This Company is established for the pnrpose Of
devetopiug applying and using compressed ar as
motive power IA propeliing street cars and other
esc0sding e hs several sn Q,
also to develop and perfect such ether Inventions
and improvement as he may hereafter make Tor
wen Ct Al ons and ali other legal notices shall be
served. =. r-,,,rn,,
Tne capital stock OF the Company shall be i've
thousand dollars $500 represented by one thousand
shares OF hse donars 30 eacn an 81 M'h shn1,sd
money be required for the purposes set forth N
from te sale of shares issued the Board of Direct
ors. with the approval of majority OF the srooE-
unr tn
the nominal value OF twenty-five dollars $50 each.
dollars SO 10 be paid at the date of subscription;
ten dollars $40 in sixty days thereafter and the
ne retained 5y the subscriber subject to call upon
fifteen days notice. Should he Board OF Directors
not require said balance, the same shah be hqui-
dated by deducting the anou at from the dividends
OF the Company 8ccrUing to sand shares, $3.50 aool-
tional shares TO rank equally with the original
shares in all respects.
ARTICLE FIFTH.
All the powers of the Company shall be vested in
Board OF Directors to consist OF eleven. eacn OF
whom shall be required to own five shares Of the
capital stock his name. che present BOARD
Of the Company, or sueh OF them as are qualified
son. n. q. Foger. spencer Field, Charles W. New
ton, Thomas 81. Converse, j. K. Scott, J. S.
q. h. King shall compose and az hereby constituted
the first Board Of Directors Under this charter. who
shall at their first meeting. elect one of their
Der President. and the Board as then constituted.
shall remain in office until the first Monday III No
vembsr, le7l, ana thereafter biennialiy al such
Date an election for Directors shall be held; the
stockholders to be convened by pubic notice TWO
of the daily papers OF New Orleans. fifteen days
fore sucn election.
ARTICLE SIXTH.
Al ali elections ofDirectors by the stock hoders
plurality Of all the votes cast shall be required fo- the
election OF Director. each share OF Capital Stock
to be entitled to one vote. either by the holder
thereof or by ms proxy and f. from auy Saase, the
meeting, such meeting shall be adjourned to Gay
two weeks subsequent TO such date PUBLIC notice OF
such adjournment to be given IN two OF the daily
papers. II ct such adjourned meeting the stock
holders again fail to elect such Board of Directors
the old Board shall hold over until the next Sego-
lar biennial election
ARTICLE SEVENTH.
The Board of Directors, the first Monday
suing each biennial election, sha be convened for
the purpose OF eecting one OF its own members
fresi dent, and shall appoint Secretary. Ssld
Board may at all times appoint all CLERKS and
agents. ana may remove the same at pleasure, and
shall tx the salaries of all officers OF the Corpora
ton, ar the amount OF security that shall be re-
CURED from any OF said officers aud agents. Said
board may also delegate such powars in the transac
ton Of tie Ordinary business of the COMPANY to
committees OF their own body, or their officers or
agents, they may deem expedient, and may also
appoint agents within and without the St&se, under
such conditions as 10 them snail seem proper; and
they shall rave the power 10 make bylaws, rules
and regulations, and TO amend and sitter ths same
whenever the Interests OF the Company nsy require
1T; and shall also have the power to supply any
vacancies tEst may oceus in their Board; sneh
vacancies may be declared on account Of death, re-
seratiol, want OF the proper number of shares, p
soivency. or absence without leave for three snc
ARTICLE EIGHTH.
The President shall preside at ail meetings of the
Board OF Directors and oekholders. and in OF
the Board snsI appoint President pro tenn. a
meloriIy OF the Board Of Directors shall be
sary TO constitute quorum.
ARTICLE NINTH.
Certificates Of stock shall be issued to the stock
holders signed by the secretary and countersgned
by tbs President. ard every stockholder by the
simple acceptance OF his certificate of stock OF
shares under this article, shall be considered as
hsving approved OF this charter, and bound by ali
atoms
of stock shBl be recorded in the stock book OF the
Company and the trarsferee shall by he mere &C.
ceptance of the transfer on the books IS aforesaid
be bound to abide by all the OF this act, aud
the by lays and rules that now may hereafter To
adopted by this Company.
ARTICLE TENTH
No Stakeholder shall ever be hold liable respop-
sible for the contracts faults of said Company,
beyond the amount Of his stock ii said Company
nor shall any mere informality in the organization
| OF said Company have the effect of rendering the
present Charter null or of exposing Stakeholder
TO any greater liability beyond the amount OF Tvs
stock therein.
ARTICLE ELEVENTH.
Said Company shall sue and be sued in its cor,
| pleaded accordingly.
ARTICLE TWELFTH.
The Board of Directors may accept PROVISION ally
on If fba n on sne
same is framed, by the adoption of any of
the e
nlned by vote OF majority IN amount Of The
| Stockholders
ARTICLE THIRTEENTH.
This Charter may be altered or amen ded by res
oluton passed by two thirds of the Directors and
approved by threefourths OF the stock pre- sent or
| represented. at a meeting called for that purpose.
giving htteeu days pubic notice in two OF the daily
papers of this city.
ARTICLE FOURTEENTH.
At the expiration of this Charter or whenever the
dissolution of this corporation shall render reces
sary its liquidation three Commissioners shall be
4 elected stockholders
| members, whose duty 1t shall be to conduct its
business to final liquidation on such terms aud in
| such manner shall be determined by majority
| OF stock present or represented.
| ARTICLE FIFTEENTH.
| The names Of the Stockholders and the respective
number OF shares held by each, for the present
declared TO be such subscribed and attached
| lively.
| ARTICLE SIX PEENTH.
| This Company is the sole owner of the patents,
improvements and extensions IS made and invented
by the aforesaid o. w VALLEY, having acquired the
same per contract with said Valley, dated
other contract dated eighte ,nth arch, 1853 both
deposited in the office of the undersigned notary
the date hereof.
Thns done and passed in my office, at the city Of
| and Jules Dejan, Jr., competent witnesses, who
hereunto sign their names with the said parties
mo, said notary, on the day, month and year Erst
| herein written. E. G. WELLS. Notary Public.
| (Signed)
4 l. p 2 bsy,J Jr. Witnesses. mbls l.s~4s
HOTELS AND RESTAURANTS