New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-13

and selling OF any patents real and personal estate
ard generally whatever nay be necessary for the
accomplishment OF the primary objects asrein
stated.
The capital stock OF said company ahRli be .hree
hundrsd thousand dollars $500 LOO 70 be divided
into three thousand shares of one hundred dollars
which capital stock may bs increased TO i've hun
dred thousand dollars b. vote OF majority Of he
suscai ,nestiug caleb for mat PURPOSE Ard when
ever hundred thousand dollars to said capital
stock snaii nave ossn IN eood IA IT, Ins
subscribers snail be convoked at some Office IN this
city for the pose of eHscting final organization
by ths election OF "a board OF Directors; and ~
order TO receive SUBSCRIPTIONS to SAID capital stock.
the follow ug named persons are to constitute an
organization Of this corporation. viz:
FRANCIS P. DUMAS. JOHN LOCKWOOD
FRANCis j. aERRoE, DoMiNICK URBAN.
+. .. MAHAN.
No more than fifty per cent of the subscription to
the capital stock shall be called in and no more.
than rem per cent, at any one time. And the board
may at any regular meeting of the Board OF Direc-
hundrec thousand dollars, to be used in payment for
the purchas OF patents and frar chlses for tie
elusive use of the company; saId hundred
thous and dosrs to be part of said capital stock
three hundred thousand dollars.
ARTICLE w.
SO soon az the OF one hundred thousand dol
lars shall have been subscribed, stpuated IN the
elect u Board OF Directors, compose or i've SUP
scrbers. until their successors elected
shall b Director of this company unless he holds
in MS name at least fifty shares of IT'S capital
stock. All voting for Directors shall be by ba gor
ARTICLE V.
be veste in and exercised by Board of Directors
and such officers they may create. The Board OF
ratioA elected (ltter the first cleo ior asoys
mentWnedl on the first Monday of January OF each
holders TO be held that day, such place "a the
city of New Orleans as the acting board may desig
ty days notice previous thereto by advertisement in
one OF the daily newspapers published in this city
ard they shall appoint three stockholders preside
inspectors at such election. The Board of Dr.
rectcrs elected shall! take the'r seats on the follow
cessors elected and installed Those persons rs.
ceiying majority OF votes shall be considered and
elect Directors shall not dissolve the corporation
but the Directors at officers then in place shall
oOld over until the election OF their Successors.
the board Of Directors shall ct their first meeting
il every yesr elect President from among their
Der wco sdal bold his office until his successor
shall be elected. He shall preside at all the meet
InQs OF the corporation and OF the Board of Direc
TEN. nag be appointed by the Board OF Directors
The President shall sign ali contracts and other
papers. The Soard Of Directors seal have power 10
I'LL al vacancies that NAV occur in their number, TO
appoints Secretary and Treasurer. superin:sn
agents clerks and all other employees required By
aaio corDoratIon, ana AGAIN to remove the same
at pleasure. Tho Roard of Directors may delegate
their powers 20 the PRESIDENT. subject to their
supervision; they sna fix the salaries of al officers
and employees of the corporation. ana they may alss
delegate such powers for the transaction OF the Or
binary business OF the Company, as they may deem
expedent; they shall make the necessary bylaws
rules and regulations, alter the and they shall
have roll power to DO all other acts which may be
necessary for carrying out the objects and purposes
o. the corporation. Ihs Board of Directors shall
hold their regular meetings on the first Monday OF
each month, and majority shall constitute
quorum. Special meetings of the Board OF Drec-
mag be called by the President ct the request OF
three members OF tho board in writing even at
his own instance. should he deem it expedient for
the interest OF the corporation No director Of any
other paving company shall be a director of this
Company.
Each and every stockholder shall bs sutitjad Tn
ons vote either in person or by proxy to each aud
every share ne sne or they may respectively hold.
ARTICLE
Special meetings of the Stockholders shall hs
called Whenever parties represen ing one-third of
me capital stock OF the company shall request the
object OF the call SAID special meeting shall be con-
yened by the president. by giving at least twenty
GAYS noce in one OF the daily newspapers published
N this cry: and at which meetings a majority of
the capital stock must be represented in person or
special meeting, any number OF stockholders may
meet organize and adjourn from day to day for one
oy se no gag s neios present notices az
OF a majority OF the stockholders.
ARTICLE VIII
No stockhodsr bsll be held liable or rsspo,sibt,,
Tor CONTRACTS and other acts OF the company hevond
SO much OF the fftF Per cent the capital stock as
IN organ'z ling shalt render t6s oaarter
null or expose the stockholders to any liability De-
!ono me sGtsot already indicated.
ARTICLE lx.
Boo1s Tor tee registry and transfer OF shares OF
the capital stock shall be kept. iu which all the
transfers Of stock shs be msds and signed Nv ma
stockaolder Or his attorney
ARTICLE y.
Tna ie7lce of the corporate seal of said COMPANY
soai. CO adopted Dy the Board OF Directors
ARTICLE XII
fle Board Of Directors shall declare divitan,s
sem annually out of 6he earnings mat NAV 20 ON
hand at the time: bu only if ia their oninIon rba
profits made by sail corpanv ebogid t t
same The Board OF Directors shall Gauss to be
kept full set of books contsiuipr the nro esS17os
Of the Board of Directors and OF the stockhoidsts
me accounts, transactions and tie con tlton OF tbe
company generally; which books, together with
open 70 the lnspectio" OF the stockholders. The
shs prepare and submit to the annual
opefatioLs and condition OF the company tor the
year.
ARTICLE XII
Tbs act OF incorporation may be modified. altered
raj meeting OF the stockhe,ders convened for that
purpose, after not less than thirty da7s pr,vious
siish. in the city OF Ntw orleans, and with the
sssnt II writing, of the stockholders on ming three
'o~E'H' VI tu5 capital stock of the company.
ARTICLE XIII.
At the termination of this charter or at the dig
quidatior shall DO conduoted by three stocknoid
Bro guy elscteo at the general meeting to bs con
'e ned for that purpose. The board of quiCt ators
snail proceed to WING the sfairs of said company
Seng ts fnts piiVlegss els and property
pas between the stockholders, pro rata.
ARTICLE NV.
The incorporators OF this Company scd tksir ce-
,olIoWa, viz;