New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-06

QUARTER.
STATE OF LOUISIANA, PARISH OF ORLEANS
AND CITY OF NEW ORLEANS.

hundred
of the United States of America the ninetynfth,
before me- Andrew Hero. Jr., a notary pubic IN
and for the parish of Orleans and city OF New
Orleans State OF Louisiana, duly commissioned
and qualified, and in the presence OF the Witnesses
hereinafter named and undersigned, personally
came and appeared the several parties whose names
are hereunto subscribed who severally declared
that awaiting themselves Of the laws OF the state ol
Louisiana relative to the organization OF corpora
lions for works OF public improvement and FOR OtheI
Durposes they have cOvenanted and agreed, ana
do by these presents covenant and agree ana blld
themselves, as well as such other persons as may
hereafter become associated with them TO form
and constitute corporation and body polite III
la under the following stpuations ana agree
ments, VIZ
The name and title of this corporation shall be
THE NEW ORLEANS WATERWORKS COMPANY,
and its domice shall be the city OF New orleans,
i'll the State of Louisiana. By said corporate name
the said company shall have and ENJOY succession
for the full term and period of twenty-five years
from and after the date of these presents, ana
shall have power and authority to contract sue
and be sued: to make and use a corporate seal; TO
hold receive purchase lease, mortgage, hypOthe-
cate and ALLEVIATE convey, under its corporate
name property, both real and personal OF every
description, including rights and credits 10 name
and appoint such managers, directors, oincers ana
employees as its interest and convenience may re-
o,lire; and to make and establish, as well as alter
and amend such rules and bylaws LOT tne proper
mana cement and regulation OF the affairs oil sal1
corporation may be deemed necessary and
proper.
tabished and the nature of the business 10 be car
ried on by it. declared TO be to acquire purchase
lease and construct, maintain and carry on
works to supply the city of New Orleans, and
other cities ana towns within the parishes OF Or
leans and Jefferson with water.
ARTICLE III.
All citations or other process of law shall be
served upon the President of said corporation.
ARTICLE ".
The capital stock of this company shall be three
dollars and be represented by thirty thOu-
sand shares, of the sum OF one hundred dollars
each Books OF subscription 10 me eap p stoek
Directors and the said stock shall be PAID IN IN
stallments not exceeding ten per cent, at sueh
times as the Board Of Directors may determine.
Said company shall do act under the provisions
OF this charter until fifty thousand dollars of the
said capital stock shall have been subscribed t9r.
At least ten days notice shall be given by the
Board of Directors by advertisement in two news.
papers published in the city of New Orleans, of
the time and place of payment OF instaLments
upon the capital stock of said company, as well
as of the amount of such installments and any aud
ali subscribers to the capital stock OF said com
pany who shall fail refuse to pay such INSTALL
ments thereon after the expiration OF said term OF
ten days shall forfeit unto the company all stock
| which he or they may have or own, together with
all installments paid thereon and such stock shall
be reissued and sold by the company for its own
| benefit, we'll as all stock of the company, upon
| such terms as the Board of Directors may deem
for the best interest of the company. Each sbare
| of stock shall entitle the owner thereof to one
vote all questions and cases or elections, either
IL ARTICLE V.
The affairs of said company shall be under the
| direction and management of Board OF Direc.
| tors to be composed of five stockholders each OF
whom shall own at least fifty shares of the capital
| stock OF said company in his own name, and they
shall be elected at such time and place shall be
| named in the bylaws to be adopted by said COM
| pany majority of the whole stock of said
| company shall be requisite to elect, and public
nstice shall be given of the time and place of said
election by advertisement during ten days in two
newspapers published in New Orleans. Said Board
| of Directors shall transact the business OF said
| company, and hold regular meetings at such times
| as they shall fix upon. A majority OF
said board shall constitute quorum for the trans
| action of any business; and they shall have
full power to make and establish, as well as alter
| amend or repeal such bylaws, rules and regula
| tons q, may be deemed necessary for the regula
tion and ms cement of the business and affairs OF
| said company. Said Board of Directors shall also
have full powers to buy and sell lease and nlre
| and mortgage or pledge all such real and personal
| property as they may deem necessary for the uses
| and purposes of said company and moreover, to
| borrow money by an issue of the bonds OF the
company otherwise, to an amount not exceed
| ing the capital stock of said company. They shal
have authority to carry into execution all the OBJ
jects and purposes of this corporation; nominate
| and appoint all officers, agents or employees, ny
| their salaries, and dismiss them at pleasure; anG
| shall have and exercise such other and further
| powers as NAV be conferred upon them at any
| regular special meeting of the stockholders Al
their first meeting they shall elect one OF their Owl
| number as president of the corporation who shall
preside all meetings of said Board OF Directors
| Any vacancies occurring in their number by death
| resignation
| by The board for the period intervening bet"ee
| the occurrence of such vacancy and the next gen
era election The first Board of Directors to serve
until their successors shall be duly elected unde
the provisions of this charter, shall consist of thu
following named persons, in whom and their sue
cessors all corporate powers OF aais c9TpoLat9T
Howard, John Lockwood, Joseph K. West and II
V. Barringer.
If at or before the expiration of the term o
| V-tiV
said company, six more of the stakeholder
holding majority i'll amount of the capital stool
of this corporation shall desire to renew the chan
ter of this corporation for further term, and an.
stockholders should be unwilling to renew TIN
same those stockholders that may be unwilling t
the shall be bound to transfer the share
of stock held by them to those desiring renewal o
extension of this charter. at the then market valu
of the said stock; or if the said stock SHOULD
not have a known market value at tina
period, the value thereof shall be fxe
by two appraisers, one to be chosen by the stock
holders desiring to renew the charter of this CON
pany, and the other to be chosen by the stock
holders who may be unwilling to renew the same
and in the event of a disagreement between tn
two appraisers chosen, said appraisers sha
choose umpire, whose decision shall be tina
Should this charter not be renewed as above pre-
vided, then and in that event, on the fourth Mol
day before the expiration of said term of twenty
five years, or if sooner determined upon, genera
| meeting of the stockholders OF this company sha
| be convened after thirty days notice having bee
| given in two newspapers published i'll New Orleans
at which meeting three stockholders, owning eac
at least fifty shares of stock in said company
shall be elected by majority of the stakeholder
present and represented whose duty it shall bt
and they hereby specially authorized and Ell
powered to enter into and take possession OF a
the property and effects of said company, and
liouidate and fully settle the affairs of the said
poration in the manner prescribed by the existin
| laws of this State.
Thus done and passed, in nv Office, at New O
leans aforesaid in the presence of George Cena
and Paul A. Conand witnesses, both OF this cit.
who hereuntO sign their names with the partit
and me- the said notary, the day and the date afor
said.
Original signed: -
CHARLES T. HOWARD,
JOHN LOCKWOOD,
ID