New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-02-15
A true copy from the 0rlSil.aE
R6BERr J. KEE, Notary Pubic.
CHARTER.
...........

New Orleans, January l6, 1871. jail 2e iel2 l6
STATE OF LOUISIANA.
Before me, Theodule Buisson notary pin,lc ior
the parish Of Orleans AM! the city OF New Orleans,
therein residing pelsonayappcarrdM ess,s patraek
John Kennedy Louis Florval tirnercs. John Gregory
Games Thomas Hart Hunt, Albert Lindsey Lee,
Joseph H. OScsby, and others. who declares mar,
awaiting themsrlNes OF the Rims ~ 1T Sta;e Of
Louisiana, approved on the fourteenth of March,
1855 entitled IAN act for the organization OF corpo
ratious for works Of public Improvement ana
utility" they have greed! and do by these presents
agree and bind themselves, and those whom lheS
represent, to form themselves into anu constitute
corporation for the objects and under the st!iI-
latiOIs and articles following, to wit:
ARTICLE l.
The name and style of the segregation shall he
the LOUISIANA STATE LEvEE COMPANY, the
place chosen for its .dOmicie is i'll Tie city OF New
Orleans in this State
ARTICLE II.
The object and purpose of the company are de-
clared to be the reclamation and protection from
overflow of the auvial lands III the Mississippi;
ard enable said company to accomplish SAD
parpose and object it shall have the right
First-To locate, construct and build 9nd there
after to own maintain and Use levees on both
banks of the Mississippi and of such tributaries;
artificial canals and conduits as may be deemed
necessary by a commission of competent engi-
oers, appointed by the government OF the United
Mates
Sccond-To construct. establish or purchase ard
thereafter to own, maintain and operate, all lines
OF telegraph, railroads, steamboats,, fasc1nes ana
such other machinery will materially con-
tribute to the above expressed and OF all other
objects and purposes Of SAID company
Third-To obtain. acquire and receive by pur-
chase grant gift devise beGuest and to have
and to hold real aud personal estate. and all such
lands tenem aud Entertainments as shall cOn'
tribute to secure the acconpli ehnent OF t!ie Oh
ccts and purposes of the company Also 10 SCI,
convey and transfer the same, or any part thereof
FenrthITo accept and exercise all snch powers,
nriN ileges and franchises as may hereafter he
granted conferred upon the said company bv
the government of the United States. or OF the
state, OF by local authority empowered by either
OF said governments.
ARTICLE III.
The president of the company is designated as
| the officer Oh whom citation may be served.
ARTICLE ".
The capital stock of the company is fixed at the
sum i've million OF dollars, represented 10y fifty
| Thousand shares OF one hundrtd dollars each The
| tim. and manner of payment on stock subscribed
| shall be sucl As Will be determined by the Board
| of Directors or iucorporators. who are hereby
fully empowered Tor that purpose; and il is hereby
specially provided that i'll of failure o; pay
| ment Of assessments AT the time designated Gv
said board. all stock ii default shall he forfeited
| ARTICLE V.
On the first Saturday III January, in the year
| eighteen hiudled and seventy-two. and there
| after the first Saturday i'll January i'll
t t"rs h a,' the s,o. F ee sa he el
| at the office OF tie corporation: OF which
election previous notice OF III least ten DAYS shall
! be given in two newspapers published i'll the CITY
| of New Orleans. Said election shall be ny ballot.
! Each share shall be entitled to vote. i'll person
or ny sproNv, and the plurality OF votes shall de-
ARTICLE VI.
Tie Subscribers 70 this act shall constitute TIE
! first Board OF Directors. and shall such
until superseded 10y their successors. lie elected
provided for III the foregoing article They shall.
al their first meeting elect of their der
president, and prey idc for such other officers
| may be necessary, and may increase their number
| by the addition OF other subscribers.
| ARTICLE VII
Ali the corporate powers of the company shall be
| vr>t+-l i'll the board OF Directors cOrporators.
appointed and to be elected as aforesaid The said
board shall elect the president. also vice-pres ST.
| dent who shall exercise the powers OF the pres!-
| dent i'll case OF the absence inability from anv
o1hcI OF the latter to act. and all such other
officers cleik Ks and agents as shall be necessary to
| carry ont the purposes OF the company. They
shall fix the salaries of all officers, and the amour,
OF security TO bc required from each All officers,
except the president and all subordinate employees
| or agents of the company, shall be removable at
! the pleasure OF the board majority of the board
shah form quorum, and the decision of the major
ity of those shall constitute valid corporate
! They shall have power to make bylaws rules and
| regulations to alter amend, repeal the
| same. whenever they shalt deem it expedient for
the interest of the company. They may provide
| seal with such devise and motto may he agreed
on by them Vacancies may be declared
count of the death resignation, insolvency alb
sence without leave for more than ninety DAYS,
and such vacancies for the period intervening be-
tween that occurrence and the next general clec-
| ton by the board. who may also appoint q ten.
poIary substitute for ANY director who may. with
leave, he absent for any period exceeding ninety
| days The board shall have full power and are
hereby authorized to buy and to sell gage and
10 pledge such real or personal property may he
required for the and purposes of the company.
| and to borrow money by issue OF the bonds OF
| the company, to amount not exceeding The ae-
tual capital stock of the company. The number Of
the directors shall be determined by the bylaws.
ii shall not be less than nine, than fifteen.
After the first election, no increase in the number
OF members constituting the Board of Directors
Shp lfll
follow.
ARTICLE VIII.
A failure from any cause to elect directors or the
day named for tina! purpose shall not dissolve the
company. but the directors then in Office shallOld
uAtil another election is held. OF which notice
shah be forthwith given, provided for i'll the case
OF regular elections, and continued until an elec
| ton he held
At general meeting, convened for that purpose,
and of which notice by publicat ion in the
OF general elections shall he given for at least
| days, the stockholders may make any moditica-
lions, additions and changes in these articles or
dissolve this corporation with the assent of three
On all matters submitted to the vote of the stock
holders, they shall be entitled to vote for each
share held by them respectively, aud 20 cast the
| same in person or by proxy.
ARTICLEX
Under no circumstances shall any stakeholder he
! liable for the debts or losses of the company be-
| yond the stock held by him or the amount Of his
subscription due and unpaid thereon.
| ARTICLE XI.
| This corporation shall 60 into operation soon
as one thousand shares of its capital stock are SUBJ
scribtd for, and these articles are recorded as
| required by the laws of thislState. Andit shall
have and enjoy succession by it's corporate name
for the period OF twenty-five years from the date of
said recording and for such longer time thereafter
as may be allowed by general or special law unless
sooner dissolved as hereinabove provided for
| ARTICLE XII
The liquidation of the affairs of the company
shall be made by five commissioners, elected by
| the stockholders at the time designated for the
last general election of directors; if liGuida
ton should be resolved on previous to said time
then said commissioners shall be elected at Il
general Getting specially convened after thirty
| days previous notice in the manner required for
regular elections. Said commissioners shall have
Lhe same qualifications required by the by laws for
directors Their salary and term of office shall be
determined previous to election by the general
meeting of stockholders, and they shall, by the
| Iact OF election, be vested with all the powers
necessary to collect and dispose of the assets and
propeity OF the company; to settle its liabilities
and distribute the excess pro rata among the
| stockholders.
| ARTICLE KILL
| The names and the respective interests of the
parties to this act declared to be such as sub
scribed to this act. And it is understood that all
| future subscriptions shall be- together with these
entered on books to be kept for that purpose in
the manner to be determined by the by.laws and
regulations adopted by the Board of Directors
Thus done and passed in my office, on this eighth
one. Ill presence of Louis Placide Where and John
LeMOnnler, competent witnesses residing in mi .
| city, who have signed these presents together
| with the appearers and me, notary after a dine
reading of the whole. ~
| Original signed:
Shares Shares
| T. >. Kennedy. ........ 100 l.. F. Generes ion
Jonh u flames. .......lO0 Thomas H. Hunt loo