New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-20
CORPORATIONS.
CHAKTER................. ...oHAkTEA'
STATE OF LOUISIANA-CITY OF NEW Or
LEANS.
CHI AKTE1s

store me, Joseph Cuviilier, notary Pablo tor
the parish of Orleans ana city of New Orleans,
therein residing. personally appeared 9essrs John
liam ( gan, tau Esteben and Lon kuco, AL OF
whom residents OF THIS city ana stocknoiderg n
ASSOCIATION OF NEW ORLEANS, q corpora
ton duly organized nEder the laws OF this state.
tsry public; and the sara appearers declared that,
with the of carrying inro effect the resolutions
adopted at a g neral me ing OF the stockholders of
sato association, hea tire nirty tirsn day of
March ids past. M pursuant 1asua 70 ne Sd
and published from the twentieth 10 the said
-ttiIrty first 1ay of March eiRhteen hundred Hnd
seventy, in the New Or cans Bee, the Picay ard
the Germ Gazette they, the SAID app3srers-con-
shutting a committee duly appointed and author-
Ized for mat purpose, as will more fully appear ~
herewith identified or the process verbal OF said
meeting-do by these presents. on 'bsnalf OF the
Butcn-Ts' Association OF Nes orleans, declare,
acknowledge. proclaim and publish the following
charter of incor alton of sid gssocia
tion of the twenty first of July. eighteen hundred
Tor ana adopted at tne general resting above
mentioned to be henceiosth oindihg and obligatory
upon the steel holders of said association and all
others whom it may concern, to wit:
tirst-hot more thau oEe member Of the same
firm 81 I'll be eligible as manager or officer OF THIS
association, nor shali any person ,e ehgio!e as
manager W he be stockhoider having n rlS
right q
twenty shares OF the capital stock, and having
owned the same FOR at least ninety Gays preceding
Speond-f'he Board of Managers shall pave the
power TO NIL any vacancy that may occur their
boa d. aring either By DEATH esignation, want of
proper Der OF ares, insolvency, failure TO
pay satisfy demand alter maturity. any ccntri-
button on stock or other obligation, OF what klnd
due contracted toward the ASSOCIATION,
by want of attendance for four successive meet
lnCN OF the board. vii hout Leave of absence.
Enlrd-Shouid any her or suockEo'der neg
lect fail Tor thirty days more after the may
mature, TO any instaDen due on his STOCK, the
Board OF Managers may, in the discretion, declare
forfeited TO the association all previous pa! me nts
made by such delinquent party, and in tnat event
the LITTER shall longer be stockhoder in tire
cation. But al cases when the forfeiture shalt
have been declared bg the board against de-
rguent stockho der, interest the rate OF eight
per oen'um per apnum shall be exscier from him
upon he unpaid amount from the time sucn
amount should have been paid A s,rniiar interest
OF eight psr centum shall also be exacted up2n any
other inoe bedness of stockhoider to the .ssocla-
ton, from the date of its exigb ty until paid.
AND whenever a stakeholder snail advance money
to the association, interest 1t the same rate stall De
allowed to him from the date OF the loan until reim-
bursed.
Fourth-In all elections of ayers, votes may
be gwen, either in person by proxg; bat no per-
son shall vote any share acquired BY him within
ninety days prior to such election.
Fitth-No DIVIDENDS profits realized snail be
declared. except by vote of birds OF al tie
mem bers of the Board of Managers taken bJ call
ing the yeas and nays on the question
Slxth-No share shares or stock shall be trans
ferable without the consent of the Board OF Mama
gers and unless the trsnsier be made upon the
books of this association. And, the personal l:s-
hity of the stoct holders towards the ASSOCIATION
FOR the amount unpaid on the share or SHARES 80 be
transferred by him shall not until cote or
notes from the uausieree OF the stock Tor the
amount remaining due on the share or shares 10 oe
transferred, snail have been -furnisned proper
form by such transeree In lieu OF the note or notes
OF the TRANSFORM
of the Delery place, together with the buildings
and improvements thereon. and OF one h1ndred
and fifty. seven shares of the capital stock OF the
Citizens Bank of Louisiana, made in the usIne OF
the association as evidenced by act passed be-
lore o nes and
seventy, is approved and ratified And, N future,
h>il have full DOW r IL addition 70 their otner
powers, to authorize such purchases or sales of
properly, real personal CT mixed as they may deem
necessary or useful TO carry out the purposes Of tpe
association.
Eghth-No stockholders shall be allowed to vote
at any elect on Jr managers or this ssociatiou an
less III the time Of such eectlon he sh III paid
IN full ali the 'nature3 obligations he may nave
t:ac ed towards association, 10 the tine 81 ca
election may be held
Ninth-The fiscal year of the company shau COM
meuce on the nrst DAY OF January and end on tie
snail be the duty OF the Board OF Managers, the
end OF e cn FISCAL year, !, appoint from among tae
stockEoloers ,not manaeerS Two or more experts 10
examine the books and affairs or the company and
make full and detailed report 10 the Board of
Manager, who snail communicate tie same 20 Inc
stockholders a their annual meeting
Teuth-Ai the clauses and stipuiations, not IN
consistent with thess amendments. contained II the
passed on the twentyirst OF July eighteen hundred
and Xtynine, before John f. Cotfey, Eary Pablo,
continued in full force and effe u
Thus dole and passed IN nv Office. al New Orleans
aforesaid, this ninth day OF April eighteen han
dreC and seventy in the presence of rheodule Bus
son and George Guinault competent witnesses re-
siding III this city who have signed these presents,
toee her with the appearer5 and me, notary after
cue reading OF the Whole.
,D-lcjra! agnsdj WILLIAM PAGAN.
DOMINIQUE VERGlL
PAUL ESrEBtN,
FELIX COULON,
JOHN A. MAYER,
LOUIS RUCH,
GEORGE t3UiNACL~'
THEOuULE BUISSCi
JOSEPH UUViLLIEE.
Notary Pubic
7! ire uDdersig oed Recorder of Mortgages IN G I'D
for this city ana parish of Orea0s, state OF Lo!si-
sra do hereby certify that the within act mas been
this day duly recorded in office in society book
70 :, foios e3, "a and s. a. required oy law.
New urlea 5, Al rIl ID ls70.
riSlgned) g. DARCANTFL
apl5 2! 70 myl4 Depciy.