New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-04
STATE OF LOUISIANA, PARISH OF ORLEANS
AND CITY OF NEW ORLEANS.

hundred and seventy-one. and of the independence
of the United States of America the ninety ,htth,
before me, Andrew Hero, Jr., notary puDhc III
and for the parish of Orleans ana city OF Nen
Orleans, State of louisiana duly commissioned
and qualified and in the presence of the witnesses
hereinafter named and undersigned personanS
came and appeared the several parties whose hanes
are hereunto subscribed, who severally declared
that awaiting themselves of the laws OF theState Oh
Louisiana relative to the organization OF corpora
lions for works of public Improvement ana Tor otheI
PURPOSES they have Covenanted and agreed, an9
do by these presents covenant and agree anu pinu
themselves, as well as such other persons as may
hereafter become associated with tn m 10 form
and constitute corporation and body pohuc III
la under the following stipulations and agree
ments, VIZ
The name and title of this corporation shall be
THE NEW ORLEANS WATERWORkS COMPANl,
and its domice shall be the city OF New Orleans,
in 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, and
shall have power and authority to contract, sue
and be sued; to make and use q corporate seal 10
hold, receive, purchase, lease mortgage, hypothe
cafe and alternate or convey. underits corporate
name property, both real and personal, OF every
| description including rights aud credits to name
| and anpoint uch managers, directors, officers and
| employees its interest and convenience may re-
| qure and TO make and establish, as well as aler
and amend such rules and bylaws for the proper
maua cement and regulation OF the affairs OF sald
corporation may be deemed necessary ana
| proper.
The purposes for which this corporation is es-
tabished and the nature OF the business 10 be car
ried by it, declared 10 be to acquire, purchase
| or lease and construct, maintain and carry on
| works to supply the city OF New orleans, anu
| other cities and towns within the parishes OF Or
| leans and Jefferson, with water
! ARTICLE ILL.,
All citations or other process of law shall be
| served upon the President OF said corporation.
ARTICLE ".
| The captai stock of this company shall be three
million dollars and be represented by thirty thou
| sand shares OF the sum OF one hundred doilars
each. Books of subscription to the capital stock
| of said company shall be opened by the Board or
Directors, and the said stock shall be paid IN IN
| stallments not exceeding ten per cent, at such
times as the Board of Directors may determine
Said company shall do no act under the provisions
of this charter until fifty thousand dollars of the
said capital stock shall have been subscribed for
| At least ten days notice shall he 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 installments
| upon the capital stock of said company, as we'll
as of the amount Of such instalmebts; and any and
| Ali subscribers to the capital stock OF said COM
PAW who shall fail refuse to pay such Install
| ten days, shall forfeit unto the company ali stoc
| which he or they may have or own, together with
all instalments paid thereon and such stock shall
| be reissued and sold by the company, Tor It's cwn
| benefit as well as all stock of the company upon
| such terms as the Board of Directors may deem
for the best interest of the company Each share
| of stock slall entitle the owner thereof to one
all questions and cases or elections, either
in person or by proxy ppr,c1pv
The affairs of said company shall be under the
| direction and management of a 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 name, and they
shall be elected at such time and place as SHALL be
| named in the bylaws to be adopted by said COM
| nary A majority of the whole stock of said
| company shall he requisite to elect, and pubic
n.tce shall be given OF the time and place OF SAID
| election by advertisement during ten days III two
| newspapers Published in New Orleans. Said Board
of Directors shall transact the business OF said
| company. and hold regular meetings at such tunes
as they shall nix upon majority Oh
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
lions a, may be deemed necessary for the regula-
ton and cement of the business and affairs OF
said company SAID Board of Directors shah also
have full powers to buy and sell, lease and hire
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 shall
have authority to carry into execution all the 90
jects and purposes of this corporation; nominate
| and appoint all officers, agents or employees, ny
their salaries, and dismiss them at pleasure; and
shall have and exercise such other and further
| powers as may 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 at all meetings OF said Board of Directors
ANY vacancies occurring in their number by death
resignation otherwise, shall be filled by election
|
| the occurrence OF sucu vacancy and the next gen
eral election. The first Board of Directors to serve
| until their successors shall be duly elected undel
the provisions of this charter shall consist of til,
!, | following named persons in whom and their sue
cessors all corporate pe%ers OF tins c9TpoLasTTI
Howard John Lockwood Joseph R. West and d
/, | V. Barringer
If at or before the expiration of the term o
twenty five years herein ii xed for the duration
! said company, six or more of the stOekholder
holding a majority i'll amount of the capital stocl
this corporation shall desire to renew the char
ter of this corporation for further term, and am
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
extension of this charter, at the then market yall
of the said stock; if the said stock SHOULD
not have 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 he chosen by the stock
holders who may be unwilling to renew the same
0 and in the event of disagreement between tn
5 | two appraisers chosen, said appraisers sha
| choose an umpire whose decision shall be ina
Should this charter not be renewed as above. pre-
| vided then and in that event the fourth MOI
day before the expiration OF said term OF twenty
five years, if sooner determined upon, genera
| meeting of the stockholders of this company sha
Z be convened, after thirty days notice having bee
| given in two newspapers published in 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 stoekh0idel
| present and represented, whose duty it shall IL
and they are hereby specially authorized and en-
powered to enter into and take possession of a
- the property and effects of said company, and I
ligudate and fully settle the affairs OF the said co
r pOratiOn in the manner prescribed by the exstln
= | laws of this State.
:, Thus done and passed, in my Office, at New o
leans aforesaid, in the presence of George CenS
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 ator
| said.
= Original signed:
CHARLES T. HOWARD,
J.; JOHN LOCKWOOD