New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-23
CORPORATIONS,


s5I5l2 OF LscuiSIbnS, OltJ OI If0H OfI5a1s J
Be it known, that on this o ghth day OF pri in
the year of Lord one thousand sight hundred
aud seventy, before me Edward Barnett. q notary
public In ana for this Guy and parish OF Orleans
the witre sses here natter named ana vi dersgned,
personally came and appeared. the parties whose
names are nereunto described, 40 declared tt2t,
avail theTf elves Of he laws oT tha state or Lou
isiana relation to t! organ zstion OF corpora
aud by these presents do covenant agree ana ONO
themselves and those whom they represont, TO es-
and purposes, and under the ooligatioee, stioula
lions and regulations hereinafter set forth, to wit:
ARTICLE
The and title of this corporation shall be the
"Cre-cent City Paving CouDanS,' and lis domcii
shall be in the city of New Orleans. 1t sha1 have
twenty five (25) years from the date hf reof: the
President, and his absence. the secretary, shall
be the proper officer upon whom all citations shall
AETICLE II.
The objects and purposes of this company are de-
ciarad t. be the preparing and laying of wooden
the ctiss and towns of Louisiana; the Purchasing
and selling OF any patents real and pei sonal estate
and generally whatever may be necessary for The
Accomplishment Of the primary objscss herein
stated.
The capital stock of said company 5h6il be three
hundred thousand dollars tS5 q tG0, TO be divided
into three thousand shares OF ons hundred dollars
each transferable on tho books of said company
which capital 81 ock may be increased to i've nun!
6red thoueand dollars by vote OF majority OF he
stoekho'ders present at any annual mesirg or
special eating called for that purpose. Ard whom
oEehund red thousand dollars to saId capital
stock shall have been subscriber in good ia tn, toe
su bsCr bers sdali Ss conv6ked at Office in this
city for the purpose of ehecting final organization
by tho election OF Board of directors; and in
der to receive subscriptions to said capital stock
the following named persons to constitute an
ex offico Board OF Directors to mil the final
organization OF this corporation. viz:
FEANOIS p. DUMAS, HNL3CKWOOD,
FRANCIS ). HEBRON, DOMlNIOk URBAN,
f. o. MAHAN.
No than fifty per cent of the subscription to
the capital stock shall be called in and no more
than ten per cent, at any one tims And the board
may at any regular meeting of the Board Of Direc-
tors, issue preferred stock to the amount of one
hundred thousand dollars TO be used payment for
the purchase OF patents and frsl chises for the
elusive use OF the COMPANY; said one hundred
three hundred thousand dollars.
ARTICLE ".
So soon as the Sum of one hundred thousand dol
lars shall have been subscribed, stipulated in the
preceding article, the subscribers shall meet and
eject Board OF Directors, composet of five cub
scribers to until their elected
and shall have taken their places. And one
shall bs Director of this pany, unless he holds
in his own name at least fifty shares of its capital
stock All voting for Directors shall be by ballot.
ARTICLE v.
All the corpora powers of this corporation ST sill
be vested in and exercised by Board of Directors.
and such officers they may create. The Board of
Directors shall i've members of the corpo
ration. to he elected .fer the first cleo: above
mentoned} on the nrsJ Monday of January of each
and every year, ct annual meeting of the stock
holders to be held that day, at such place in the
nate of which eecuon they shall give at least twen-
ty days notice previous thereto BY advertisement in
one OF the daily newspapers published in this city.
they shall appoint three stockholders to preside
as inspectors at such election. The Board of D-
rectors elected shall take their seats the follow
lowing Monday. and hold the same until their
cessors elected and installed Those persons
ceiving majority Of votes shall be considered and
elect Directors shall not dissolve the corporation
but the Directors a. officers then in place shall
hold over until the election of thar successors.
The Board of Directors shall, their first meeting
in every year, elect a President from among their
shall be elected. He shall preside st all the meet
ipgs of TIE corporation and Of the Board of Direc
tors. and IN case OF ms absencs, a pres,Gent pro
The President shall sign all contracts and other
papers The Board OF Directors all have power to
fill all vacancies that NAV occur in their number to
appoint Secretary md Treasurer superintendents
age nts clerks and all other employees required By
said CORPORATION, and again to remove the same
at pleasure. The Board of Directors may delegate
their powers to the resident, subject to their
superv,sion: they shall IL the salaries of al officers
and employees OF the corporation. and they may also
delegate such powers for the transaction of the
binary business of the Company, SIS they may dsem
expedeat they shall make the necessary by avs,
rules and regulations, alter the same and they she II
have roll power 10 90 all other acts which msy be
OF the corporal on. Tho Board of Directors shall
each month, aud q majority shall constitute a
quorum Speclai meetings OF the Board OF Direc:
tors may be called by the President al the request of
three members OF the board, in writing or even at
his own insia nce shoud he deem il expedieut for
the interest OF the corporation. No director IF any
other paving company shall be director OF this
ARTICLE VI.
Each aud every stockholder shall bs entitled to
one vote, either in person or by proxy 10 esch and
every share he. she Or they may respectively hold
ARTICLE VII
Special meetings of the stockholders shall be
called whenever parties r presen ing one-third OF
the capital stock of the company shall request The
resident in writing TO that effect Etatipg the
object OF the call SAID special meeting shall be con-
vened by the president BY givirg at least twenty
days ice in OF the daily newspapers pu bshed
in This ci y: and at which meetincs a nsioTitv nj
the capital stock must Ee represented in person or
By proxy. At the time OF either annual or
special meeting, any number of stockholders may
meet, orgspize AID adjourn from day to day for
week. when, no quorum being present, notices
above stated shah be given to the attendance
OF majority OF the stockholders.
ARTICLE VIII
No stockholder shs be held liable or responsible
for ntraets and other acts of the company beyond
much of the fty per cent the capital stock as
may still be due by them to the company. And no
informality in organ zng shall render tDis charter
null expose the stockholders to any liability be-
yond the extent already indicated.
ARTICLE TX.
Books for the registry and transfer Of shares OF
the ca pital stock shall be kept. in which all the
stocknolder or his attorney.
ARTICLE Y
The device of the corporate seal of said COMPANY
shall be adopted by the Board of Directors.
ARTICLE XII
The Board of Directors shall declare diyifsp ds
semi-annualiy out of the earnings that may be on
hand at the tune; but ony if. in their opinion, the
profits made by said con pany should warrant the
kept full set OF books containing the incs
OF the Board OF Directors and OF the stockh dsrs
the accounts transactions and tie condition Of tbs
company generally; which books, together with
the transfer book of stock shall at al times be
open to the inspection of the stockholders. The
directors shall prepare and submit to the annual
meeting OF the stock holders a report showing tina
operations aud condition of the company for the
preceding year.
ARTICLE XII
This act of incorporation may be modified altered
or am ended, and the company dissolved at a pena-
raj meeting of the stockholders convened for RI At
purpose, after not less than thirty DAYS pravioue
notice gwen IN daily newspaper printed in
English, in the city of New Orleans and with tho
assent IN writing OF the stockholders owning three
tourths OF the capital stock of the company
ARTICLE XIII.
At the termination of this charter or at the dis.
solution or this corporation. previous thereto its
liquidation shall DO conducted by three stock hold
ers ouiy elected at the general meeting to be con
veued Tor that purpose. The board of llou d ators
sna proceed to wind the fairs said co1npsu!
thereof, paying the debts aud distributing the sur
Plus between the stockholders, pro rata.
ARTICLE XIV.
epeotive interests in the same declared TO be as
follows, viz:
Name. No OF sharss
John Lockwood. - o. 81 90 so