New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-17
QUARTER
CHATTER
SIATE OF LOCIsIANA.

I
City OF New OrIeans.'
Be it known, that or this second day of April, in
the year of our Lord one thousand eight hundred
and seventy, before me, George William Christy,
Notary Public in and f.r tins city and parish OF Or
stoned end qualified. personally came and appeared
the parties whose ames are hereuuto subscribed,
and respectively declared that, avaInS themselves
OF the prov slons of the law of Louisiana, IN such
MADE and provided, they have covenanted aud
agree. and bind the mselves and those whom they
represent, TO form themselves into and constitute
corporation for the purposes and objects hereinafter
named, and TO that end do hereby make. agree snd
enter into the following articles OF Incorporation:
ARTICLE FIRST.
The name and title of this corporation shall be
the NEW ORLEANS PAVING AND IMPROVE
MENr COMPANY, ard its don,cil is hereby es-
Citations shall be served on the President.
The corporation shall have power and authority.
name for the perion of twenty-five years; second.
to contract, sue and be sued in its corporate name
to hold, receive. purchase and convey. under its
corporate name property and rights, both real and
appoint such managers, directors ana officers its
interests and convenience may require; and sixth.
to take such other steps in the management and
regulation of the affairs of the corporation as nay
be necessary and proper.
ARTICLE SECOND.
The object and purpose for which this Corporation
is established and the nature of the business to be
and sbe the streets OF New Or also to- Clean
and grade the same. To build and repair the
wharves and bridges of said CITY, and to contract for
general improvements.
ARTICLE THIRD.
The amount of the capital stock shall be three
hui bred thousand dollars (s300OGG TO be divided
into three thousand shares 5000 of one hundred
dollars each slOO.
Toe payment for the subscription TO stock shall be
made thirty days after notice OF call made for the
SINE By the Board OF Directors.
ARTICLE FOURTH.
All the corporate powers of the Company shall be
exercised by Board of Directors and sucn officers
The Board OF Directors shall consist of four men,
bers, who shall be elected from the stockholders
annually The Board of Directors shall eject one Of
their number to serve as President The first cleo
ton for Directors shall be held On the second Men
day of May, le70, and the regular elections for the
Directors shall be held annually thereafter on the
second Monday OF May, on publication Of ten days
ice of election in g. least one newspaper pu b.
Ilshed in the city of New Orleans. Notices of cleo
tions for Directors shall be made by the President
The elections shall be by ballot. Each stakeholder
shall be entitled to vote for each and every share
held by him. and shall have the. right to appoint
proxy, in Of his absence to cast his vote. The
Board Of Directors shall have power to make rules
and bylaws for the Corporation. In the event of
no election for Directors being held on the day
fixed, the President shall cause an election to be
held in ten days after the failure to elect,
after said ten days as is practicable and shall give
notice thereof in more newspapers published
in the city of New Orleans. The first Board of
Directors shall consist OF the following named
Packard an James + Casey who shall hold their
offices until the second Monday of May, 1870.
ARTICLE FIFTH.
The charter may be modified, altered or amended,
or the company NAV be dissolved at a general meet
ing of the stockholders convened for that purpose
with the assent of three-fourhs lin amount of the
stock represented at such meeting. Whenever the
dissolution of the Corporation shall become neces-
by reason OF the action OF the stockholders by
limitation of its charter, or from any cause what
ever its affairs shall be Immediately placed in liqu
cation unoer the charge and superip dence of
tIoraQ Irr1IG tad h. rI rft
Directors and who shall remain in Office until the
liquidation of the affairs of the Company. and the
ARTICLE SIXTH
No stakeholder in this Corporation shall ever be
liable responsible for the contracts faults of
the Corporation in any further sum- than the I'M
paid balance due to the Company on the shares |
owned by HIM, shall any mere informality in
have the effect OF rendering this charter
NULL or of exposing stockholder to any sbiiy be-
yond the amount OF his stock.
ARTICLE SEVENTH.
The names Of the stockholders, their residence |
and the number of shares held by each declared
to be such as are subscribed to this act of
ton, and set opposite each OF their names re- |
The United States internal revenue stamp of five |
per sheet required by law for this act has been
hefeunto duy affixed and Cancelled.
>, THUS done and passed in my office at the city of
written. in the presence of Thomas j. Beck and |
Frank McGioin, witnesses of lawful age and domi |
names together with the parties hereto, and me |
notary.
Original Signed THOMAS j. BECK, |
FRANK McGLOIN.
GEORGE W. CHRISTY,
Notary Public.
hereby certify the foregoing to be true copy Of
the original act OF incorporation extsnt in my cur
rent notarial register uames Of subs cribers omitted
IL witness whereof, grant these presents under
nv signature and seal of office.
New Orleans, April 2, 1870.
GEORGE W. CHRISTY,
apps Notary Public.
IEHIGs COMPANH'A EXTRACT