New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-19
CORPORATIONS,
STATE OF LOUISIANA, PARISH OF Ok
LEANS.

Be II known that, on the thirtieth day Of July
1865 before me, EDMUND George Veins, d Nosfy
tubhc in ana for the parish on OreShs. 'aU" $3.50. II
Louisiana aforesaid, duly conlmis STONED anu quar-
ned and in the presence of the with esses herensf
named and undersgn ned, persona ~ Gang anu AZ
pearsd the psrsop5 hereinafter rauied ana uhdeI-
signed who seyeraily declared that, aVaiing
themselves OF the provisions OF the statutes OF ts
corporations in this state, they have ana
agreed and do by these pre- ents covenant aou
represent to form themselves inc and constitute
corporation for the objects and unGer Tue stlpuia
uonsr regulations and obligations foito~ihs' VIZ
ARTICLE FIRST.
The name and title OF this Corporation shall be
the NEW ORLEANS PNEU AArIU PROPEL-
LING COMPANY.
ARTICLE SECOND.
The domcif of the Corporation shall be at the city
shall continue for twenty five years unless sooner
dissolved. The Corporation shall have common
ses the device OF which shall be car fully equip
ped, within circle, ana The name OF the Company
ARTICLE THIRD.
This Company is established for the purpose Of
developing, applying and usins compressed air as a
motive power ia propeliing street cars and otaer
vahIe!sS according 60 tn n several Inventions Of
also to develop and perfect such ether iaverfions
and Improvements he may hereafter make for
Directors Is declared 70 be- the officer upon
whom citations ana all other legal notices shall be
served.
ARTICLE FOURTH.
The capital stock of the Company shall be FIVE
thousand collars $500 rsprese TED b? one thousand
shares OF i've doiars $50 each, ali OF which shares
are declared have been PAID full Shoul d
money De required for the purposes set form in
ar,icle third over ana above tie sum already reaz
from the sale of shares issued, the Board OF Direct
with the approval of a majority OF the STOCK
not to sxceed, however, two hundred ana fifty, of
the nominal value OF twenty-five dollars S25! each.
TO be disposed OF in the following nanner' VIZ Ten
nGa IN ha 7nE lDSFrl
ten dollars $50 in sixty days thereafter, and the
balance, that Is to say the OF five dollars $50 to
fifteen days notice. Should tbs Board OF directors
not require said balance, the same shall be liq1l
of the COMPANY accru ing to SAID shares SSH addi
tional shares TO rank equally with the original
shares IN all respects.
ARTICLE FIFTH,
All the powers OF the Company shall be vested in
a Board Of Directors to consist OF eleven each of
whom shall be required to own five shares OF the
OF the Company. or such OF them as are qualified
under this article viz: A. e. Brice, Jonn Is. Robert
ton, Thomas NJ Converse j. NJ K. Scott, j. S.
CLARK. Charles a. Labuz.n, Edward Tomatls. and
g. II. King shall compose and hereby constituted
the first Board Of Directors under this charter who
sdal, at their first meet ng elect one OF their mum
shall remain in office until the first Monday in No
vember ISL, and thereafter bier nlaliy. at such
stockholders to be convened bv public notice ic two
OF the daily papers OF New Orleans, fifteen days be-
/ fore Such election.
ARTICLE SIXTH.
At all elections of Directors by the stockholders a
plurality Of all the votes cast shall De required for toe
election OF Director, each share of Capital Stock
thereof by his proxy and if from any cause, the
stock holders fail to elect ucn Directors at the hrst
meeting, such meeting snail be adjourned to day
two weeks subsequent TO such date. public notice OF
such Adjournment to be given in two of the daily
at so neb 81
the old boad shall hold over until the next resu
lar biennia! election.
ARTICLE SEVENTH.
The Board of Directors, the first Monday en-
suing each Biennial election sha be convened for
the purpose OF eiectiDg one OF its own members
President, and shall appoint Secretary. SAID
Board may at all times appoint all CLERKS and
SCENTS. ans may remove the same at pleasure, and
shall fix the salaries OF ali officers OF the Corpora
ten az the amount OF security that shall be
CURED from any of said officers and agents. Said
Board may also delegate sucn poWers IN the trarSac
tor of the ordinary business OF the COMPANY to
agents, they may deem expedient, and rnsy also
appoint agents within and without the State under
such conditions TO them shall seem proper; and
they shalt have the power 10 make bylaws, rules
and regulations and 10 amend ana alter the same
whenever thu interests of the Com pany may require
1t; and shall also have the power 70 supply any
vacancies that may occur IN their Board: sucn
vacancies may be declared On account of DEATH re-
sgnation want of the proper number of shares, in.
s5Ivsncy, absence without leave for three sue
-'-S''' -- ARTICLE EIGHTH.
The President shall preside at all meetings OF the
Board OF Directors and soekholders. and OF
the Board shall appoint President pro TEN. A
majority of the Board of Directors shall bs
sary 10 constitute quorum.
ARTICLE NINTH.
Certificates of stock shall be issued 10 the stock
holders sgnsd by tbs Secretary and CoUntsrsi
by the President, and every stockhoIoer. by the
simuie acceptance OF his certificate of stock or
shares under this article, shall bs considered "a
having approved OF this charter, and bound by al
its clauses sti u ations and provisions All transfers
If sha ha of q
Company and the transferee shall by The mere &C
eePano9 OF III IN me 81 a.
the by laws and rules that now may hereafter be
adopted by this Company.
ARTICLE TENTH
No stockholder shall ever be held liable or respon
sible Tor the contracts faults of said Company
beyond the amount of his stock in said Com pany
nor shall any mere informally in the organization
present Charter null, of exposing Stoekh older
to any greater liability beyond the amount OF his
ARTICLE ELEVENTH.
Said Company shall and be sued 10 its cor
porate name and capacity. and plead and bs i'm.
pleaded accordingly.
ARTICLE TWELFTH.
The Board of Directors may accept prov sionaIlI
any power or privilege conferred on the Company
| by any amendments of the law under which lht
same Is framed or by the adoption OF ans act o.
the Legislature. or by any act of Congress of the
United States of America. but the final acceptance
| of any such power or privilege should be deter
mined by vote OF a majority in amount OF tht
| Stockholders.
ARTICLE THIRTEENTH.
! This Charter may be altered amen ded by a res
oution passed by two thirds of the Directors an,
approved by threefourths OF the stock pre- sent. o.
represented, at meeting called for that purpose
giving fifteen days public notice in two of the DAHL
| papers of this city.
ARTICLE FOURTEENTH
At the expiration of this Charter or whenever tn
dissou tion of this corporation shall render neces
5ary its liquidation, three Commissioners shall b.
ele cted by the StocKholde from among its ow,
members whose duty 1t shall be to conduct it
business to FINAL iQuld alton such terms and
such N amer as shall be determined by Q majorit
| of stock present or represented.
| ARTICLE FIFTEENTH.
The names of the Stockh holders and the respectiv
humble OF shares held by each for the presen
declared to be such subscribed and attache
to this act and opposite the names of EACH respect
! lively.
| improvements and extensions IS made and invente
| by the aforesaid q. W Valley, having acquired tn
same per contract with said Valley, date
| eleventh December, 1857, and subsequently by an
other contract, dated eighteenth N arch. 1853 bot
deposited in the Office of the undersigned notary
| the date hereof
| Ihus done and passed in my Office at the city O
| New Orleans, IN the presence of vii lam &C. Dav
hereunto sign heir names with the said parties an
| me. said notary, on the day, month and year frs
herein written. L. g. WELLS. Notary Public.
4 i PIN 2 bsy,5 5r' Witnesses. mills ltaw4t
BUSINESS CHANGES,
-~~~""-'-"-o--o~~"~ "-'~o-'-o-o-o-~--~~oo,->>,~o-
| NDTRCE-THE UNDERSIGNED INEOpM