New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-03
CORPORATIONS.
STATE OF LOUISIANA, PARISH OF OR.
LEANS.

STATE OF LOUISIANA. PARISH OF OR.
1865, before me. Edmund George Wells Notary
Public in ana for the parish OF orleans tate OF
he'd and in the presence of the witnesses hereinaf-
Ter AIMED and undersie ned, personally came ana ap-
signed who severay declared that, availing
selves of the provisions OF the statutes OF the
state o. in his thew have eSepane and
and Go by these pre- enis covenant ana a2ree
and bind 70 Tna 8d
cor pora,on for the offsets and under the stlpu!s
TONS regulations, and obligations following, VIZ
ARTICLE FIRST.
TIE name and title of this Corporation shah be
the NEW ORLEANS PNEUMArIO PRoPEL-
LING COMPANY.
ARTICLE SECOND.
The domioil OF the Corporation shall be at the city
OF New Orleans "tste OF Loustaha; me o ae
| dissolved. The Corporation shall have common
SEAL the device OF which snail oe car in,iy EQUIP
ped within q crce, and the NJ mo OF the Company
| traced thereon.
ARTICLE Third.
! This Company is established for the purpose Of
developing applyine and using eopreSse u ar at s
vehIclss according 70 the several ihven.tohs y,
| CHARLES w. VALLEY. Of Rev orteans, ana
also to develop and perfect such other lnven ions
| ard improvements as he may hereafter make Ios
that purpose The resident Of me bo"rn no on
wnom citations and all other legal noiices shau Dc
! served. .. ,.o,,,,,cv,
| The capital stock of the Company shall be i've
thousand dollars $500 represented BY one tnopsano
shares of i've dousrs $50 each ali OF which shares
| mouey be required Tor the purposes SET ioftn IN
artCle third ana above The sum already realized
ofs, with tho approval OF majority OF me stocH-
holders, may issue additional number or shares,
the nominal value OF twenty i've dollars SO each.
! TO be disposed of in the following manner, VIZ; Zen
dollars $40 to be paid at the date OF subscrpSlon
| ten dollars $50 il sixty days thereafter, and the
balance that is to say the OF five doilats $50, to
ne retained by the su6scr ber subiect to cal. upon
fifteen days notice. Should he Board OF directors
! not require said balance the same shall be ilq7I'
dated by deducting the amount from the DIVIDENDS
OF the Company aceruing 10 said SHARES sai5 addi-
| tional shares to rank equally with the original
| shares in all respects.
ARTICLE FIFTH,
| All the rowers of the Company shall be vested in
Board OF directors, 20 consist OF eleven. each OF
! whom shall be required to five shares OF the
| capital stock IN mis- Own name Ihe present fosra
OF the Company. or sucn of them as are qusiliied-
under this article, viz: A. q Brice. Jonn b. Robert
son. n: O. kolser. spencer Fled, Charles W. Ne|'
| ton, Thomas Nj. Converse, }. 81 *. Scott, j. 5.
Clark. Charles a LahuAAn. Edward ronatis. and
6. h. KING shall compose and are Hereby Constituted
the first b0ard Of Directors under tins charter WHO
SHALL at their first meeting, elect one OF their num-
Der President apd the Board. ss then constituted.
shal remain in office until the first Monday IN O.
| vember. ls7I and thereafter biennlslly al such
| date an election for Directors shall be he'd; the
stockholders be convened by pubic notice IL two
OF the daily papers OF hew Orleans. fifteen 0ayS be-
| fore suCh election.
| ARTICLE SIXTH,
At all elections of Directors by the stockholders,
plurality Of all the votes cast shan be Tor u
election o. Director, each share OF Capital StocR
to be entitled to one vote. either by tins holuet
thereof or by his proxy, and it. from any cause, the
stockholders fail to eject such Directors at the hrat
meeting such meeting snail be adIourse 30 to Gay
such ADJOURNMENT to be given IN TWO OF the d"ily
papers. Ii at such adjourned meeting. the STOCK
holders again fail to elect snch Board OF Directors
the CID SosTd shall hold over until the next regu
| lar biennial ole ;tion.
| ARTICLE SEVENTH.
The Board of Directors, on the first Monday en-
| suing each biennial election sha be convened fol
the purpose of eecting OF its own mem peri
| President, and shall appoint Secretary. Sale
| Board may at all times appoint AL CLERKS ant
| agents an may remove the same at pleasure. arc
shall FIX the salaries of ali officers of the Corpora
ton and the amount OF security that shall be re
. CURED from any of said officers and agents. Saic
Board may also delegate such powers In the transac
| ton of tie ordinary business CT the COMPANY Il
committees of their own BODY, their officers OF
| agents, as they msy deem expe5ient, ana may ais'
| appolnt agents within and without the state, unde
| such conditions TO them shall seem proper; ar1
they shall have ire power TO make bylaws, rule
| and regulations ard to amerd and alter SAM
| whenever the Interests of tbs Company may require
1t: and shall also have the power 10 supply an;
vacancies may be declared on account Of death, re
gnAtion. want of the proper number OF snhves, IN
soIysncy or absence Wltto ut leave Tor three sue
ARTICLE EIGHTH.
The President shall preside at all meetings OF tn
| Board Ct Directors ana ockholders. and IN case 0
the absence or nsbhty Of the PRESIDENT 70 preside
; the Board shall appoint President pro tenn.
| msllrly OF the Board of Directors shall be neees
| sary 10 constitute quorum.
ARTICLE NINTH
Certificates OF stock shall be issued to the stock
| holders signed by tbs Secretary ana counterSigne
BY the President and every stoesnoq ~ o. Ia
shares under this article, shah be considered a
having approved OF this charter and b2pnd by .
ITS clauses, sttP atoms and an transfer
OF stock shall be recorded in the stock book OF tn
Company, and the trausferee snail. by he mere az
be bound abide by ell the suses Of this act, al
the by laws and rules that now or may hereafter b
| adopted By this Company
II ARTICLE TENTH.
| No Stockholder shall ever be held liable or respor
sible ior the contracts or faults OF said COMPANY
| nor ST II any mere nformaty in the organlzatio
| of said Company have the effect Of rendering tn
to any greater liability beyond the amount OF hi
| stock therein.
ARTICLE ELEVENTH.
Said Company shall sue and be sued in it's co
porate name and capacity ana plead ana De III
pleaded accordingly.
ARTICLE TWELFTH.
The Board of Directors may accept provis ional
| any power or privilege conferred on the Com par
| By any amendments of the law under which II
same is framed or by the adoption of any new act
the legislature, or by any act OF Congress OF u
United States OF America, put the nnhi acceptap'
OF any such power or privilege should be dele
: | mined by a vote Of majority in amount OF Il
| Stoc kholders.
ARTICLE THIRTEENTH.
This Charter may be altered or amended by q re
| olution passed by two thirds OF the Directors ar
approved by three-fourths OF the stock pre- sent,
b | represented, at meeting called for that purpos
giving fifteen days public notice in TWO Of the dal
! papers of this CITY.
ARTICLE FOURTEENTH.
At the expiration of this Charter, or whenever t
| dssolutio of this corporation SNAIL renoer nect
| ssry its liquidation, three Commissioners shall
| elected by the STOCKHOLDERS from among its oS
members, whose duty 1t shall be to conduct
business to a final lqudation such terms and
such manner as shall te determined by MAORI
of stock present or represented
- ARTICLE FIFTEENTH.
The names of the Stockholders and the respecti
number Of shares held by each. are for the prege
| declared to be such subscribed and attach
to this act and opposite the names OF eacn, respe
''sS' ARTICLE SIXTEENTH.
This Company is the sole owner of the psten
| improvements and extensions IS made and invent
- | by she aforesaid O. W " alley, having acquired I
Eleventh December, 1867, and subsequently by
| other contract dated eighteenth March, 1863, be
deposited in the office of the undersigned notary
a | the date hereof.
Thus done and passed in my Office. at the city
New Orleans, in the presence OF WI lam =: DAY
- and jules Deiau, DR., competent witnesses, W
hereunto sign their names with the SAID parties a
me. sad notary, on the day, month and year
Signed)
4 DEM 3 hsy,5 5r'' Witnesses. mhls isaw4
+ y hotels AND RESTAURANT
10
~ NEW EEsTAUKANT.
GOOD LIVING AT LIVING PRICES
Table dusote.