New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-19
CHARTER.
CHARTER.

City OF New Orleans.
Be it known. that this. second day of April, in
the year of our L ord one thousand eight hun drei
and seventy, before me, George William Christy,
Notary Fubic in and for tna city and parish of Or
stoned and qualified. personally came and appeared
the parties VII use ames are Eereunto subscribed,
of the provisions of the low of louisiana, in such
case made and provided, they have covenanted apd
agree and bind themselves and those whom taey
represent to form themselves into and constitute
corporation for the purposes aud OBJECTS hereinafter
nav ed and 10 that end do hereby make. azree and
enter into the following ARTICLES OF Incorporation:
ARTICLE FIRST.
The name and title of this corporation shall be
the NAW ORLEANS PAVING AND IMP Rove
fab,ss ID IN tie 4 city Of New DREAMS L5uisna
Citations shall be served on the President.
The corporation shall have power and authority,
name for the perioo of twenty-five years; second,
10 Contract sue and be sued in its corporate name:
third. to make and receive cooper .te seal fourth
to hold, receive, purchase and convey. under Its
corporate name, property ana rignts, ooth real ana
personal. patents, licenses, etc.; hftn, to name and
appoint managers, directors and officers as its
interests and convenience may require; aod SKIN;
to take such other steps in the amusement and
regulation OF the affairs OF the corporation IS may
be necessary and proper.
ARTICLE SECOND.
The object and purpose for which this Corporation
is established and the nature OF the business To be
carried on u.s. To pave and repair. with wood. stone
and she'll the streets of New Or esns aso to clean
and grade the same: To build and repair the
wharves and bridges of said city and to contract tor
general improvements.
ARTICLE THIRD.
The amount of the capital stock shall be three
hui dred thousand dollars (S30, GO, 10 be divided
into three thousand shares $500 OF one hundred
TIE PAYMENT for the subscription to stock shall be
made thirty days after notice of call made for the
same by tee 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 mem
bers, who shall be elected from the stockholders
their number to serve as President. The first cleo
ton for Directors shall be held On the second Mon
Directors SHAH be held annually thereafter on the
second Monday OF May on publication OF ten days
sbe ed IN the city of New Orleans Notices of eiso
tons for directors shall be made by the President.
The elections shall be by ballot. Each stockhoder
sha be entitled to one vote for each and every share
held by him. and shall have the night to appoint
Board of Directors shall have power to make ruiss
and bylaws for the Corporation In the event OF
no election Tor Directors oeins heid on the DAY a
held in ten days after the failure to elect or as soon
alter said ten days as Is practicable and snSli give
notice thereof in or more new spapers published
in the city of New Orleans. The first Board Of
Directors shall consist Of the toi9wip Pgsh named
Packard and james Casey, who shall hold their
offices until the second Monday of May. 1916
ARTICLE FIFTH.
The charter may be modified altered or amended,
or the CONT any NAV be dissolved az a general meet
ing of the stockholders convened for that purpose
with the as ent Of three fourths Gn amount of the
STOCK represented at such meeting. Whenever tbe
dissolution of the Corporation snail become neces-
sary, By of the action o. the stockholoer by
limitation of its charter, or from any what
ever, its affairs shall be Immediately placed in qui
dation unoer the charge and superb dencs of
three commissioners appointed by the Board of
Directors, and who shall remain in otics until the
liquidation OF the effairs of the Company and the
distribution of its surplus funds among the stock
'-''N' ARTICLE SIXTH
No stockholder IN this Corporation shall ever be
liable or responsible for the contracts faults of
the Corporation in any further sum, than the IN
paid balance due to the Company the shares
owned by him, shall any mere informslity in Or
ganizaion, have the effect of rendering this charter
null, of exposing stockholder to any liability be-
yond the amount OF his stock.
ARTICLE SEVENTH
The names of the stockholders, their residence
and the number of shares held BIZ each declared
TO be such as are subscribed to this act of
ton, and set opposite each OF their re-
The United States internal revenue stamp of five
cents per sheet required by law for this has been
hereunto duy affixed and Cancelled.
I nus done and passed in my office at the city of
New Orleans aforesaid, the day and date above
written, in the presence of Thomas j. Beck and
Frank McGloin, witnesses of lawful age and dom-
clliated in said city, who hereunto subscribe their
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 extant in my cur
rent notsria register uames of subscribers omitted
In witness whereof. grant these presents under
nv signature and seal of Office
New Orleans, April 2, 1870.
~ GEORGE W. CHRISTY,
APPS 80 Notary Public.
IEBIG'8 COMPANY'D EXTRACT
II of Meat secures great economy and convenience