New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-15
CORPORATIONS,


UUhfUhA 11UNN'
CHARTER..........::..''''-''c"A ~
UNITED STATES or AMERICA
State of Louisiana, City Of New Orleans.
Be it known that On this eighth day OF April: 70
the rear of our Lord one thousand eight nunoreo
and seventy before me Edward Barnstt. notary
public in and for this city and parish OF y;
the witnesses here natter named and undersigned,
personally came and appeared the parties wn nst
Awaiting themselves of the laws OF the state OF Lou
lsana. in relation to the organisation OF cor2oss
and by these presents do covenant. agree and bind
themselves and those whom they represent. to es-
and purposes and under the obligations, stipuls-
tons and alatiops hereinafter set forth, to WIZ
ARTICLEI.
The name and title OF this corporation shall be the
"Orescent City Paving COMPANY and its d0mIciI
shall he in the city of New Orleans 1t shau nave
ard enjoy corporate powers for the fuu term OF
twenty-five t25 years from the dats nerso. S seg
be the proper officer upon whom all citanons snaii
be served. .,rrc,r r,
clared to be the preparing and laying OF wooden
and other pavsments, sidewalks and oapdnettes "a
ard selling of any patents real and persona estate,
ard generally whatever may be necessary for tns
accomplishment OF the primary OBJECTS nerein
stated. ,r,c,u -
The capital stock of SAID com nal Dc LnISc
| hundred thousand dollars $3.50 to be divided
! into three thousand shares of one hundred dollars
wSob eapts sock may be- to
dred thousand dollars by vote OF majority o. the
Special meating called for that purpose And when
| ever hundred thousand dollars to SAID capita
stock shall have been subscribe in good faith, the
subscribers saall be convoked at office in this
city, for the purpose OF efectng final organization
order to receive subscriptions to said capital stock.
| the following named persons are to constitute an
! organization-of this corporation. VIZ
EsANCIs P DUMAS y0HN L Igx IYnssS
FRANOlS j. HEKREN; aHaM o"oAN'
| the capital stock shall be called in; and no more
| tnan ten per cent at any one time And the board
tors. issue preferred stock to the amount of ons
hundred thousand dollars to be used In for
the purchase of patents and fraI chses for the ex
elusive use of the company; sa,d one hundred
thousand dollars to be part OF said capital stock OF
| three hun dred thousand dosiars
| ARTICLE "
| So soon "a the sum of one hundred thousand dol
lars shall have been ubscrbed as stipulated IN the
| preceding article the subscribers shall meet and
5oasa o, un hsr are elected
| and shall have taken their places. And no one
IN bis own name at least fifty shares Of its capital
| stock. All voting for Directors shall be by baiot.
ARTICLE v.
| All the corporate powers of this corporation srhi
| ed ana exercised Dy DOaEQ OF DlIoctOtS.
and such officers a, they may create. Ths Board OF
Directors shall consist OF tive members OF tne corpO-
mensioned on the first Monday Of January Of eacn
and every year. at an annual meeting OF the stock
Of 20 Q as the acting
nate of which electon they shall give at least TWEEN
~ as ~ he dsiy newspapers published in this city
they shall appoint three stockholders to preside
rectors elected shall take their seats on the follow
lowing Monday, and hold the same until their sue
ceiving majority of votes shall be considered and
elected The 9ot 5s aog
but the Directors ard officers then in place snail
nd Rosrd at
in every year. elect President from among am their
sha be- elected He shall preside st ali the meet
iues OF the corporation and OF the Board of Direc-
tenn NAV De appointed by the Board of Directors.
The President shall sign all contracts and other
Iii ali vacancies that NAV occur in their number. to
appoint Secretary and Treasurer. Aperntendents.
aga aorporaon' and again to remove the same
at pleasure The Board Of Directors msy delegate
sue they shall fix the salaries Of ali officers
and employees of the corporation and they may alss
binary business of the Company, as they may deem
expedient; they shall make the necessary bylaws
rules and regulations alter the same. and they shall
nave iuil power to do all other acts which may be
necessary for carrying out the DIRECTS ana purposes
hold their regular meetings the first Monday OF
each month. and majority shall oons SO nts
tors may be called by the President at the request OF
three members Of the board in writing or even 81
the interest of the corporation No director OF any
! other paving company shall be director OF this
! o'"p"D'' ARTICLE VI.
a Each and every stakeholder shall be entitled 60
vote, either IN person or by proxy 70 escn ana
every share he, she or they may respectively nou
ARTICLEvIL
q | SoeciaI meetings of the stockholders shall be
: called whenever parties representing onethird OF
ha capitai stock of the company shall request the
! | president, in writing to that effect staTlpg tnt
. vened by the president. by giving at least twenty
days notice in of the daily newspapers publishes
: the capital stock must be represented in person
, | by proxy. At the time OF either an annual o.
meet organize and adjourn from day to day for onS
week. when no quorum being present notices
above stated shall be given to secure the atteaoanc'
/, | of majority Of the stockholders.
d ARTICLE VIII.
70 stocxnoldsr shall be held liable or responsible
for contracts and other acts of the company, beyond
so much OF the fifty per cent on the oapitai ssoek
lntormaty in Organizing sna render tGI Gnarts
"a | yond the extent already Indicated.
10 ARTICLE IX.
the capital stock shall be kept. in which all tbs
transfers of stock shall be made aud signed by tn
az |
ID ARTICLE Y
-1s device of the corporate seal OF said COMPANY
be shall De adopted by the Board of Directors.
le ARTICLE XI.
The Board of Directors shall declare dividsn
semiannualiy out of the earnings that may be o
- hand the time but only it, in their opinion tn
hs B oy o Sreosors sh to
n kent full set of books containing the proceed nj
of the Board of Directors and OF the stockhol
rs roa rrrs
&C. company generally which books, together wit
n the transfer book OF stock, shall at all times
he open to the inspection OF the stockholders. III
ne directors shall prepare and submit to the ann
va meeting of the stockholders q report showing =
b. operations aud condition of the company for 81
&C. preceding year.
1t ARTICLE XII.
ea This ect of incorporation may be modified, alter
| or amended and the company dissolved, at gen
ha raj meeting of the stockholders, convened for tn
aS purpose, after not less than thirty days prsylo
of | notice given in daily newspaper printed .
~ assent writing, of the stockholders owning tire
on fourths OF the capital stock of the company
ve ARTICLE XIII.
Of At the termination of this charter. o, at the d
ed solution of this corporation. previous there!o
B. liquidation shall DO conducted by three stockton
cir ers, ouy elected st the general nse.ng 10 ne 90
snail proceed to wind up the affairs OF said compa
BY selling the rights; privileges, as. cts and proper
| thereof paying the debts, and distributing the ST
ed, | Plus between the stockholders, pro rata.
, se ARTICLE XIV.
me Tbs n operators OF this Company and their
@ spect,ve interests IN the same are declared to be
by Zane No. of shar
d. John lockwood.
~ francis +. Dumas.
of r. y. Mahan.
tba A. Gas. ard.