New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-16
CORPORATIONS.

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United STATES OF AMERICA,l
State of Louisiana, City OF New OrieAns. >
Bs it known, that on tAis eighth day Of April IN
the year Of our Lord one thousand eigat nunSreo
and seventy before me Edward baInstt, IosH
nublic in and for this ci,y and parish OF DREAMY
duly Commissioned and sworn. and in p' essence q
the witnesses hereinafter named and Ut dersg h
personally came and appeared. the parties wnoso
names are hereunto subscribed, who declared toas,
awaiting themselves of the laws OF the state OF LOU
tons in this state. they have covenanted ana agieeo
and by these presents DO agree an0 to es
tsblish and incorSo ate company iHr zoe spios
tons and gaatons hereinafter set forth, to W.T.
ARTICLEI.
The name and title of this corporation shall be the
"Orescsn5 City Paving Company and its domcii
shaI he in the city of New Orleans Ii shal nave
ard enjoy 5 Yes om the date hereof the
President and in his absence. the Secretary slsii
be the proper officer upon whom all o''s'ohS snA''
o0 ARTICLE H.
The objects and purposes of this company are de-
clased to be the ana ana s' basSuetes in
the cities and towns of Louisiana; the purchasing
and selling Of apy patents rea ano for the
accomplishment of the primary OBJECTS nefein
stated rr,o,r ~,
The capital stock OF said company shall be tnree
hundred thousand dollars (S3O0,L00, TO be DIVIDED
each, transferable on the books of said company.
which capital stock may be Increased TO nve nun
dred thousand dollars by vote OF majority OF the
stockholders present at any annual meeting or
special meeting called for that purpose Ard when,
ever one hundred thousand dollars to SAID CAPITA
stock shall have been subscribe in good faith the
subscribers snail be convoked at some office in this
city for the purpose of eectiug al organization
| BY the election OF Board of Directors; and in
order to receive subscriptions to said capital stock
ex ofico Board of Dire ctors to serve until tins nna
| organization of this corporation viz:
FFRRAANSSSiIss + RERRoN, DoMth N URsAN.
+. o. MAHAN.
No more than fifty per cent of the subscription to
tie capital stock snail Dc caeu IN d az no hnsr
nay at any regular meeting of the Board OF Direo-
hundred thousand dollars be used in payment for
the purchase of patents and franchises Tor the ex
oars to be said capital 81
| three hundred thousand dollars.
| ARTICLE ".
| So soon az the sum of one hundred thousand dol
lars shall been subscr bed as stipulated IN the
| preceding article the subscribers shall meet ana
| elect Board of Directors, composed of five sub
scrbers until their successors are elected
and shall have taken their places. And no one
shall be- Director Of this company. unless he holds
ais own name at least nifty shares OF ITS capital
stock. All voting for Directors shall be by baiio5
ARTICLE V.
be vest ed in and exercised by Board Of Directors;
and such officers they may ~ cnrn o.
ration to elected (after the first election ABOVE
and av every year at an annual meeting Of the stock
holders to be held on that day. at such place IN the
of which election they shall give at least tweu
ty days notice previous thereto, by advertisements IN
n nd they shall sppoint three preside
as inspectors at such election The Board OF Dt-
Iowins Monday, and hold the same until their
cessors elected and installed Those persons re,
!, declaIed elected. The failure from any cause to
slect Directors shall not dissolve the corporation,
hoId over until the election Of their successors
The Board OF Directors shall their first meeting
lumber eTes VINO shall hold his Office until his successor
shall be elected. He shall preside at all the meet
l tenn may be appointed by the Board of Directors
| The President shall sign all contracts and other
papers The Board of Directors soal have power to
fill all vacancies that may occur in their number, 70
- agents, clerks and all other employees required ny
% e
their powers to the PRESIDENT; subject to Their
they M .s an 81 al s
delegate such powers for the transaction OF the or
eTnsGent they shah make the necessary bylaws
rules and regulations, alter the same and they shall
Tor carrying out the objects and purposes
| OF the corporation. The Board OF directors snail
each month, and a majority shall constitute a
| quorum. Special meehng s of the Board of Direc,
three members OF the board, in writing, or even at
5 his instance, should he deem It expedent for
, the Of the corporation NO director OF any
other paving company shall be a director OF TINS
| Company. .,u,o,r-y,
one VOTE either in person or by proxy, to each and
every share he. she or they may respectively hold
ARTICLE
q sneciaI meetings of tie stockholders SHALL be
J. called whenever parties rspresen ing onetnrd OF
the capital stock OF the company shall ~
object of the call Said special meeting shall be con
DAYS notice in one Of the daily Newspapers published
l. | in this CRY; and at which meetings majority o.
: by proxy. At the time of either an annual oil
8 | special meeting, any number OF stockholders may
meet organize and adjourn from day to DAY for one
4 | week when no quorum being present, notices 81
above stated shall be given to secure the attendance
/, | OF d majority OF the stockholders.
d ARTICLE Will
No stockholder shall be held liable or responsible
for contracts other acts of the company beyont
80 much of the fifty per cent the capital stock al
n may still be due by them to the company And NJ
"a luformaty organizing shall render tbs cnarte
e null or expose the stockholders to any liability &c
n You'd the extent already Indicated
le ARTICLE TX.
Books for the registry and transfer OF shares Of
transfsrs Of stock shall be made aud signed BY tht
"a stocknocer Or his attorney
% ARTICLE Y.
The device Of the corporate seal of said com pa1J
be shall be adopted by the Board of Directors.
10 ARTICLE XII.
The Board of Directors shall declare divden
semi-annuaiy out of the earnings that may be o
rs profits made by said com pany should warrant tn
I came. TIE Board of Directors shall cause to
n kept full set of books containing the ing
of the Board of Directors and of the stockho der
of the accounts transactions and the condition of til
C. company generally; which books, together wit
ne open to the inspection of the stockholders. tt
oe directors shall pre- pare and submit TO the
vs. meeting or the stockholders report showing 81
b. operations aud condition OF the company for b
,c- preceding yea-.
It. ARTICLE XII.
This act of incor poration may be modified altere
or amended, and the company dissolved, at a gen
raj meeting of the stockholders convened for thi
as purpose after not less than thirty days prsvol
81 notice given in daily newspaper printed
az English, in the city OF New Orleans, and with th
m | fourths OF the capita stock Of the company.
vs ARTICLE XIII
of At the TERMINATION of this charter or the di
ed solution OF this corporation, previous Ihereto i
&. liquidation shall DO conducted by three stoekno
es ouly electsd at the general meeting to be col
| vened for that purpose. The board OF hquidato
snail procssd TO wind up the affairs OF SAID compar
by selling the righte privileges ass cts and proper
thereof, paying the debts and distributing the su
ID | plus between the stockholders, PRO rata.
az ARTICLE XIV.
ne of +bis C,o,nnarv and as 3