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

STATE TATE OF y. HoUn 1,.1s.n;s
BE il known that on this, second day of April, IN
the wear of our Lord one thousand eight hundred
and seventy before me, George William Chr'sty,
leans State of Louisiana aforesaid. DULY commits
stoned aud qualified. personally came and appeared
and respectively declared that, avsi ling themse Ives
of the p-ovs ions of the law OF louisiana, IN such
agreed and 90 by these presents covenant and
agree, and bind themselves and those whom they
corporation for the purposes and objects
named. and 20 that end do hereby make, agree and
enter into the following articles OF Incorporation:
ARTICLE FIRST.
Tae name and title of this corporation shall be
NENT COMPANY, and its doncil is hereby es-
ta0lished in the city of New Orleans louisiana
Citations snail De seryeq on 5as sn authority
first have and enjoy Succession by us corporate
name for the PERIOD OF Twenty-Five years, secono
thrd. make and receive corporate seal; fourth
to mold, receive, purchase and convey under us
corporate name, property and rights both real ana
rersoual patent IS licenses etc; fifth, to name and
appoint such managers, directors ano oicers as It's
interests and convenience may require; and sixth;
to take such other steps in the amusement and
regulation of the affairs OF the corporation as may
De necessary and proper
ARTICLE SECOND.
The object and purpose Tor which this Corporation
ia established and the nature of the business to be
carried on IS: 10 pave and repair, with wood. stone
oni shelI the streets of New eaus; Also to clean
| and grade the same. To build and repair the
wharyes and bridges OF said city, and to contract tor
general improvements
| ARTICLE THIRD.
| The amount Of the capital stock shall be three
hutdreG thousand dollars Cs30O0C0, 10 be divided
| into three thousand shares (oUtU OF one hundred
The oaynent for the subscription to stock shall be
made thirty days after notice OF call made for the
| same by the Board of Directors.
! ARTICLE FOURTH.
| All the corporate powers of the Company shall be
exercised by Board of Directors, and such oincer:
as they may appoint
! The Board of Directors shall consist of four mem
be-s who shall be- elected from the stoekho iders
| annually The Board of Directors shall elect one O.
their number to as President The hrSt cleo
tigp for Directors shall be held on the second Mon
day OF MAY ls-0, and the regular elections tor Thu
Directors shall be held annually ther safter on TN
! second Monday of May, on publication OF zen day
| notice of election in ~ least one newspaper pu
| Ished in the city Of New Orleans. Notices OF cleo
tious for Drec tors shall be made by the President
The elections shall be By ballot. Each stockhoide
ANAL be en- lied 10 vote for each and every shar
held by him. and shall have the right to appoint
| proxy in case Of ms Absence to cast his vote Th
| Hoard of Directors shall have power to make rule
| and BY laws for the Corporation. In the event o
| no e,ection for Directors being held on the da.
| txed the President shall cause election to b
held ten days after the failure to elect or as sooi
after said ten days as Is practicable and snail CIV
| notice t. areof mora newspapers published
| in the city of New Orleans. The first Board o
| Directors shall consist OF the following name,
! stockholders: Jonathan Taylor. W. K. Fish, 5.
| Packard and James Casey, who shalt hold thei
o.ficss anti! :le second Monday OF May, 1870