New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-09
CORPORATIONS.
ru.urrw
UNITED STATES OF AMERICA, ,

| 4 ~ An IEAS..... ..CHAHTEH
UNITED STATES OF AMERICA
| State OF Louisiana, City OF New Orleans. !
| Be ID known, that on this eighth day of April in
the year OF our Lord one thousand eight hundred
public in AND for this city and parish Of Orleans.
| duly commissioned and sworn. and in p, essence OF
the witne sses here natter named and dersigned,
! person ally came aud appeared. the partes whose
names are hereunto subscribed, who declared thai.
awaiting themselves of the laws of the state of Ldu-
Isiana. in relation to TIE organization of CORPORA
tons in this STATE they have covensnted and agreed,
and by these presents DO covenant. agree and bind
themselves and those whom they represent, IN es-
taoilsh and incorpo ats company for the objects
and purposes, and under the Gbligstions, stipaia-
Tons and reg aatOns hereinafter set forth &c VT:
| ARTICLE
The name and title of this corporation snail be the
Crescent City Paving Compauy, and its duuici
! shall be in the city OF New Orleans. II sha1 have
! ara ENJOY corporate powers for the fuu terra Of
twenty hse t25l years from the date hereof TIE
President, and Ia his absence. the Secretary shall
De One proper ofhcer upon whom all citations shall
| be served.
The objects and purposes Of this COMPANY are de-
clared to be the preparing and laying of wooden
! and other pavenents, sidewalks and baucaett ia
and selling Of ny patents, real and personal estate
and generally whatever may be necessary for. the
! accomplishment OF the primary objects heye,n
stated.
ARTICLE III.
The capital stock of ead company shall be three
hundred thousand dollars ts3C0.to0, TO be divided
into three ihousand shares CT hundred doliars
| each. transferable on the books of SAID company.
which capital stock may be increased TO five hun
dred thousand dollars by vote of ority Of tie
stockholders present at any annual meetIre or
special meeting Gale for that purpose. Ard wher
ever oae hundred thousand dollars TO said capital
stock shall nave bean subscribe il good faitn tue
subscr bers shan be convoked at Office il TINS
city for the purpose Of eTsctiDg final organization
by ths election OF Board of Directors; and ia
Greer 70 receive subscriptions to said capital stock
the following named persons TO constitute an
ez otiicio Gorq Of Dir ctors to until the nal
Organization of tits corporation. viz:
FEkSCIS P QTTMHS JOHN yarEwpCo
FRANCIS j. HERRoN. DOMiNICK uRSAH
f. y. MAHAN.
40 than fifty per cent of the subscrint N, a,
tbs capital stock shall be called in and no more
Jnar ten per cent, at any one time. And the board
tors issue preferred stock to the arnoopt Of nns
hundred thousand dollars 10 be used in payneutfor
elusive use or IRE oompaoy; SAID one hundred
thousand ooars 10 De part of said capital sock ii
three urdreo Thousand dollars.
ARTICLE ".
So as the OF one hundred thorsand do,-
ia7s stal hfvs been subscribed as stipulated 10 the
preceoSFg article, the subscribers shall meet and
scfibers until their successors are slecTeS
ana shall nave taken their places And no one
snail b. Dire,t0r OF this company, unless lie nocs
10 his ct least fifty shares OF ~ cant,l
stock AL voting Tor Directors shall be by ballet
ARTICLE V.
All the corporate powers of this corr,oratior sA.n
be yeste II and exercised by Board OF Directore
and such officers they may create. The Board of
Directors shall consist five menu ers OF the corno
TdtloE 10 De Siecte0 carer the electlnr
Elentioned) on the first Monday of January o. esoo
and every year, ar an annual meeting OF the s,ock
nolders TO be hed on that day. at such place IN tie
city ot Ne" orleans as the acting board may dssic-
nate. of which eecton they Shall give st least twer
y days notice previous thereto by advertisement 10
one or the daily newspapers published in tn CITY
q, they shall appoint thres stockholders to preside
as inspectors at such election. The Board Of D.
rectors elected shall take their or tie follow
lowing Monday and hold the SAME until their spo-
eeo5ors -e elected and installed Those persons
declared elected The faiIu from any cause to
eiee. directors shall not dissolve the corporation.
put the Directors a. officers then in place shall
hold over until ne election of their successors
ne boaGa 0. directors shall attheir first meeting
number who shall hold his Office until his Successor
ines Of me CORPORATION and Of the Board o. Direo-
tors. and IN case OF his absence, president pro
lem ZEN nav BE- appointed by the Beard OF Directsrs
Inc President shall sign all contracts and other
papers The Board of Directors snail have power to
MI az Vacs ncles that NAY occur in their number,
appoint SECRETARY and Treasurer superirten dents
agents clerks and all other employees required by
st pleasure. TIE Board Of Directors nav de,ssaae
then powers 10 the President, subject 10 thei-
supervisor taey 50 al fix the salaries OF al officers
and empo;es OF the CORPORATION. and they may also
delegate such powers for the transaction ot the or
binary business Of the Company as TREY may deem
expedent; they snail make the necessary bylaws,
rple ana regulations alter the same and they shall
have fuN power to 90 sll other acts which may be
necessary Ior carrying out the objects purposes
OF the corporation. Tbs Board of Directors stall
hold their regular meetings the first Monday of
each month. and msjor.ty shall constitute q
quorum. Spec;ial, meetings OF the Board Of Direc-
zesf0 f
thrse members OF the board, in writing or ever az
ms cwn Instance, should he deem it expsdent fo-
the interest % the corporation No director Of apy
other paving company shall be director Of this
Company.
Each and every stockholder shall be entitled TO
one vote either IN person or by proxy to eaoh and
every share ne, she or they mag respectively hold
ARTICLE VII
Special meetings of the stockholders SHAH Ia .
called whenever parties rspresen ing one.thira OF
the capital stock OF the company shall re uest the
president IN writing to that effect. statlDg the
object of the call. said special meeting shall be con
vered by the president. by giving at least twenr,
Gays ice in OF the daily newspapers pubished
in this G. y; snc at which meetings q majority Of
the capital stock must bs represented in person or
by proxy. at the time of either an annual or
special meeting, any number of stockholders NAV
meet organize and adjourn from day to cay for ore
week when no . G1 h being present notices
OF a majority 1.-THE stockholders.
ARTICLE VIII.
Nc stakeholder SD all be held liable or responsible
for contracts and other acts of the company beyond
SO much Of the fifty per the capital STOCK ss
may still be due by them to the company And no
normSty IN s sha render snis Garter
yond the extent already Indicated.
ARTICLE JX.
the capital stock shall be kept, in which ali tns
transfers of stock shall be made and signed ty the
stocktolder or his attorney.
ARTICLE Y
The device CT the corporate seal of ssi6 oop-rs,v
shall be adopted sy the Board of Directors
ARTICLE NJ
The Board O. Directors shall declare div.ds,as
semi annually out of the earnings that NAV De ora
hand at the tune: but only if, in their opinion tha
profits made by said company should wsrrsn. thS
same The Board of Directors shan cause 10 10
kept full set OF books containing the proceedinrn
OF the Board OF Directors and OF the stock ho!ders
the accounts. transactions and tie condition Of hs
compsny generaliy; which books, together vita
the transfer book Of stock, shall at az times be
open to the Inspection of the stockholders TINS
directors shall prepare and submit to tins ap,r.I
meeting Of the stock holders report sfiouinr,na
operations aud condition OF the compguv 10. tha
preceding year.
ARTICLE XII.
This scrot incorporation may be modified. sre,es
or amended, aud the company dissolved at a gene
purpose, after not less than thirty days prsvious
notice given IN daily newspaper Drjnted ~
inslisn. IN the city Of New Orleans. and with the
assent IN writing, OF the stockholders OWING thrs
ioarths Ct the capital stock of the cor pary
ARTICLE NH.
At the terninationAf this charter. or 3. tne Dis
solntIon OF this corpokaton, previous thereto ito
liquidation shall be Conducted by three stocsboid
veneo Tor that purpose. The board OF iouIdators
shall proceed to wind up the fairs Of said compnnS
thereof. paying the debts. aud distributing the sur
pins between the stockholders, pro rata.
ARTICLE XIV.
me incorporators Of this Company and tnei- re-
follows, viz:
lam + oo,woos No OF saares.
Toan Loo 80
rsncis Dumas 70
y Nathan 20
r. G6ssafo 80
u Urba 20
. This done and passed in my offics. at the CITY Of
New Orleans aforesaid. on the day month and year
L. Ducros and Joseph w Jones, comuetent wis
nesses, VINO sign these presents with the said sp-