New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-14
CORPORATIONS,
UNITED STATES OF AMERICA, ,
S@afo If V.nu;e;sna Citv nj Neu Orisa M {

be the proper officer upon whom al citations shall
be served.
The objects and purposes OF this company are de-
clared To De the preparing and laying of wooden
and other pavements, sidewalks and banquettes in
the cities aud towns of louisiana the purchasing
and selling of any patents real and personal estate
and generally whatever may be necessary for the
accomplishment OF the primary objects herein
stated.
ARTICLE III.
The capital stock of said company shall be three
hundred Thousand dollars 1890 600, 70 be divided
into three thousand shares Of one hundred dollars
each. transferable the books of said company
dret thousand dollars by vote of majority OF the
stockholders present at any annual meeting
ever one hundred thousand dollars to said capital
stock shall have been subscribe 1 in good faith the
sUbscr bers shall be convoIed at office in this
city, tor the purpose OF Erecting final organization
by tbs election OF Board of Directors: and in
the following named persons are to constitute
otcio Board of Directors, to unt the final
organization of this corporation. viz:
FhANCIS P. DUMAS. JOHN LOCKWOOD
F. O. NAHAN.
No more 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 time. 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 in payment for
the purchas of patents and frau chlses for the
elasivs use s Of the sompapy; sad one hundred
three hundred thousand dollars.
ARTICLE ".
So soon IS the sum of one hundred thousand dol
lara shall have been subscribed, stipulated in the
preceding article, the bserIbers shall meet and
scrbers to serve until their successors elected
and shall have taken their places. And no one
in MS own anne at least fifty shares of it's capital
stock. All voting for Directors shall be by ballot.
ARTICLE V.
All the corporate powers of this corporation shall
be vested in and exercised by Board of Directors
and such officers 8, they may create. The Board OF
Directors shall consist five members of the corpo-
mentioned) on the first Monday of January of each
and every year, at an annual meeting of the stock
city of New Orleans as the acting board may desig.
maze of which election they shall give at least TWEEN
o. the daily newspapers published in this city,
at they shall appoint three to preside
elected shall take their seats on the follow
lowing Monday, and hold the same until their auc-
ceiving majority OF votes shall be considered and
declared elected The failure from any cause to
but the Directors ard officers then in place shall
hold over until the election Of their SUCCESSORS
in every year, elect President from among their
nun Der, who shall hold his office until his successor
ines Of the corporation and Of the Board Of Direc
tors and in case Of his absence, q president pro
Te President S eRa @ al 81 os
papers. The Board of Directors sbel have power to
MI al vacancies that NAV occur IN their number to
appoint Secretary and Treasurer superintendents,
age nts, clerks and all other employees required by
said eorporat ion, and again to remove the same
their powers to the PRESIDENT, subject to their
supervision they shall fix the salaries OF all officers
and employees of the corporation, and they may alss
delegate such powers for the transaction of the
binary business Of the Company. as they may deem
e1Psdient; they shall make the necessary bylaws,
rules and regulations, alter the same, and they shall
have foil power to do all other acts which may be
necessary for carrying the objects ard purposes
OF the corporation This Board of Directors shall
hold their regular meetings the first Monday of
quorum. SPECIAL meetings OF the Board of Direc-
may be called by the President the OF
hree members OF the board, in writing, even at
his avn instance, should he deem il expedient for
the interest of the corporation No director of any
other paving company shall be director of this
Company.
ARTICLE VI.
Each and every stakeholder shall be entitled to
one vote. either in person by proxy, TO each and
every share he. she or they may respectively hold
ARTICLE
Special meetings of the stockholders shall be
the capital stock of the company shall uest the
president, in writing to that effect. stating the
yened by the president. by giving at least twenty
days notice in of the daily newspapers published
the capital stock must be represented in person or
by proxy. At the time of either an annual or
meet, organize and adjourn from day to day for one
secure Attendance
Of majority OF the stockholders.
ARTICLE VIII.
No stakeholder shall be held liable or responsible
for contracts and other acts of the company beyond
much of the fifty per cent the capital stock as
II ay still be due By them to the ompany And no
nformaiity in Organizing shall rendsr this cnarteE
null expose the stockholders to any liability be,
1ond the extent already indicated.
ARTICLE TX
Books for the registry ard transfer Of shares of
The capital stock snail be kept, in which all the
transfers of stock shall be made and signed by the
stockholder or his attorney.
ARTICLE X.
TIE device of the corporate sesl of said COMPANY
shall be adopted By the Board OF Directors.
ARTICLE XI.
The Board of Directors shall declare dividends
semi annually out of the earnings that may be on
hand at the tlme but only if, in their opinion the
same. The Board of Directors shall cause to be
kept full set of books containing the proceedings
Of the Board of Directors and of the stockholders
the accounts trspsactions and tie condition Of the
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
operations aud condition of the company for the
preceding year.
ARTICLE XII.
This act of incorporation may be modified altered
Or amended, and the company dissolved, at a gene
raj meeting of the stockholders convened for that
purpose, after not less than thirty DAYS prsyious
notice gwen In daily newspaper printed in
h sh. In the city OF New Orleans and with the
assent IN writing, of the stockholders owning three
ourths OF the capital stock of the company.
ARTICLE XIII.
At the termi nation of this charter or at the DIG
soluuon OF TINS corporation, previous thereto, its
LIQUIDATION shall DO conducted by three stockhod-
,rs duy elected at the general meeting to be con-
gened for that purpose. The board of hqurdators
snai proceed to wind the affairs of said company
BY selling the rights privileges assets and property
hereof. paying the debts aud distributing the sur
plus between the stockholders pro rata.
ARTICLE XIV.
The incorporators of this Company and their re-
spective interests in the declared to be az
follows, viz:
Name: No. of shares.
john LOCKWOOD
rancls DUMAS
= " Be-
A. Cassard. 50
" GIDan.
This done and passed in my otfca, at the city of
View Orleans aforesaid, on the day, month and year
irst above written, in presence of Messrs MARCEL
7. Ducros and Joseph W. Jones' Competent wit
lesses, who sign these presents with the said APP
bearers and me, notary.
Original signed) JOHN LOCKWOOD, ErALs.
M. Il. pUCROS,
j ". JONES'
apol623 Notary pphEc
nmes III. Jores VS.. Succession OF Arthur
w