New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-12
ARTICLE II.

Il Ih0 pun POot anu VhJ0tt u tsAN NUfDO~
ration are to establish a line of steamships, of not
less than four vessels, to be propelled wholly or
partially by steam. and to own, manage aud main
tain the same, to run between Havana, Island of
Cuba, and the city of New Orleans, State of LOuiei-
ana, or other ports within the United States, for
the transportation of passengers, freights and
mails; to construct docks, wharves, buildings, and
such other constructions which may be necessary
to the building and repairing OF vessels; 10 acc uire
and hold real estate or personal property for its
own use aud benefit.
SIC. 2. To obtain the requisite amount of money
TO purchase, or to build and complete in every par,
ticuiar said vessels, and to maintain the same, 1t is.
proposed by this corporation, as a means to carry
out its purposes, to establish and organize a lottery
or a series of lotteries, III the city of New Orleans,
and branches thereof. and if necessary, throughout
the state OF Louisiana, or in any other state, and
to conduct, maintain and manage them, and all
things appertaining to the drawings of said lot
teries.
SEC. 3. To sell lottery. policy and combination
tickets, cert ~ticates, and fractional parts thereof
of this corporation, and other lottery corporations,
companies, associations or individuals.
SEC. 4. The President shall be the proper person
on whom all citations and legal instruments OF WIS
ing shall be served.
RTICL I'LL
SECTION l. The capital stock of this corporation
Is fixed at five hundred Thousand dollars, repre-
sented by five Thousand shares of one hundred dol
lars each.
not exceeding one million dollars by a majority of
the directors at any regular meeting; providing
notice has been given at a preceding regular meet
ing.
stock subscribed 10 small be paid to tue treasurer
of this corporation at the time of subscribing, OF
upon the demand of said treasurer, and two ard a
half per cent additional shall be paid sixty days
after date of subscribing, and no more payments
shall ever be payable or demanded. Certificates
Nof stock shall be issued only when two INSTALL
ments shah have been paid.
SIC. 3. When two thousand and five hundred
shares shall have been subscribed, this corpora
ton shall be considered organized.
-Four directors shall form and constitute a quo
rum, and "a majority OF whom shall have the power
and authority TO transact and perform all aud any
M GIn A Z fha fin ana ~ ~ tuhsrIa hnf
be and is hereby declared binding upon the cor
p~oration.
the directors, the president, the vice president,
the secretary, the treasurer, the manager, and tbs
attorneys.
SEC. 5. This corporation shall have the power
to adopt n common seal, with such device and
motto, as may be prescribed by a majority of a
quorum of the directors. To sue and DE sued IN
its corporate naIae; to buy, own, hold, receive,
sell, transfer, or ALLEVIATE real and personal prop
erty, and to do all things incidental to corpora
lions.
sEe. s. No subscriber or stakeholder shali ever
be held liable or held responsible for the contracts-
faults or losses of this corporation beyond his. her
or their subscription or stock, nor shall any inform
atty in the organization of this corporation have
the effect OF rendering this charter null and void.
SEC. I. A majority IF a quorum of the direct
os shall cause to be paid every three months,
from the net earnings of the lotteries and sale of
all lottery, policy and combination tickets, devices,
certificates and fractional parts thereof, five per
cent inter.s st on the face value of each share, to the
owners thereof or their assigns, commencing and
dating three months from the first drawing Of the
Iottery; and the residue OF the said net earnings
shall be set apart and reserved for the purposes to
purchase or build, own, maintain and manage not
than tonr steamships, and when said earnings,
after the payment OF the interest as above re-
quired, shall have reached one hundred Thousand
dollars, immediate and necessary steps shall be
taken by the president of this corporation TO pur-
chase or contract to have built and completed. in
every particular, one of the four steamships re-
CURED for thus corporation, as per section first of
second.
SEC. 8. Should any subscriber not pay his. her
or their SUBSCRIPTION upon demand of the Treas
uTPr and their saCQnd ipataflVn ant f4bi, s. l1-z
after being notified of said dues by the Treasurer
or the President, their shares, and all amounts paid
thereon, shall he forfeited to and become the prop
OF this corporation, without recourse.to ju-
dicial proceedings.
ARTICLE W.
SECTION |. The following named persons: to wit.
benjamin bloomfield. James Benton. E. Tomatis,
John b. Desangles, w. Hyl1ested, William Bluhlne.
j. Seymour, Emile Bouny, Joseph Lang and
J. A Quintero, are hereby appointed, constituted
and declared the first Board of Directors for this
corporation, with the following officers: The said
Benjamin Bloomfield as President, said 4. TomatisL
as Vice President. the said William RIubme IA
treasurer, the said J. A. Quintero as Secretary. the
James Benton as Manager, and the ATTORNEYS
who may be appointed b. the President: ali of
whom, with the aforesaid directors. shall serve and
hold thelr respective positions until the third Nom
elected and qualified.
SEC. e ANY vacancy occurring in said Board of
shall be filed By a majority of a quorum
the directors, who shall also appoint all agents,
clerks and employees that may be required. and fx
lhelr respective salaries, and also designate their
W a ihaJefliy OF u quorum of the directors
shail nA ne salaries of all officers, and shall have
ne rowy and authority to establish branch off,
ses, agencies, etc, make and adopt bylaws,
rates ana regulations for the guidance of this cor
poration, and to do all things required and Incl
lentaI to conducting, managing and putting into
lotteries and the drawing of lotteries
seliing lottery, pelicy and combination tickets,
devices, certificates and fractional parts thereof
az thlngs appertaining to lotteries, which may
10 the acquiring and owning By this cor
OF iour steamships. either by purchase. or
'uiI 10 order' and furnishing, completing and
SEC. 3 The officers and directors of this corpora
lon shall serve for four years, and the agents,
Jerks aud employees shall serve for such time as
directors.
SIC. 4. The salaries of the aforesaid officers shal
anu commence three months from the date of
ne hrst drawing of the lottery TO be established
md Organized by this corporation, unless the
OF the case should require that one OF
more OF said officers shall perform services previouss
% said drawing, which shall he decided by a
SEC. 5. On the third Monday in Nav, 1875. and
very four years thereafter, the stockholders of
his corporation shall vo e, at the office of the cor
between the hours of nine O'Clock A. M.
IND twelve o'clock NJ, and elect ten persons from
heir number to serve as directors for the term of
our years, and until their successors are elected
md qualified.
SEC. 6. Each share of stock shall represent one
rote, either in person or by proxy.
SEC. Z. The president of the corporation shall
Ippoint three commissioners and two tellers to
'onduet and superintend said election, as set forth
section five of this article, and they shall certify.
inder oath, to its correctness and fairness.
bkS. o. w DtISOil mai VOTE al any nHttlnQ 0F
he stockholders, unless he, she or they are bona
ide owners OF the number of shares of the stock
% be voted, and which shall have been reeistered
N the books of the corporation in his. her or
heir names thirty days (Sundays exceptedl ure-
nous to said election.
ARTICLE V.
SECTION l. Three-fourths of the stocEho,aers in
apltai shali nave the power to make such altera-
lohs: moulncations, additions or changes to this
ct OF Incorporation, at a meeting speelaIIy called
OF that purpose and announced ninety DAYS ISnn-
avs excePtedl previously i'll two newspapers pub
shed in this city.
SEC: z The term of years for which this cor
Grafton IS formed and shall exist shall be for
"eHtS'nNe years, unless sooner dissolved by A
ote OF three-foa rths of the stockholders in can't
at a meeting specially called for that purpose.
announced ninety days (Suldays exceptedl
= o'tousiy, IN Two newspapers published in this
NY put SO much of this act of INCORPORATION as
. in9laceu ln'sectlons two and three, of. Article
anu ai us subject matter, shall cease and be
ua anu Void as soonsas the requisite amount OF
Ionef Is OBTAINED for the purchase OF building and
and maintaining four steamships fox
his corporation.
,okG. ) The commissioners to close M and set
10 .ns s1airs OF this corporation shall be three
olders. ~ " 'o s'oeA
Thus done and passed in my Office at the city of
eW orleans in the presence of Charles =. Barry
! Inls cry, who have signed their names, to-
ether with the said appearers and me. notary. on
day, month and year first above written.
or1slnally signed and stamped.
Sloomheld J. B. Desangles.
VINES w henton' I. Tomatis,
Salnuel J. Seymour, Joseph Lang.
j.. A. QuinterO, EmiIe Rouny