New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-02-10

| STATE OF LOUISIANA.
Before me, Thcodnle Buisson, notary pno' ioi
the parish of Orleans and the city at New Orleans.
| therein residing eisonalyaprared Mcsss Patrick
| John Kennedy, Louis Florv;.l Gencrcs John Gregory
| Gaines, Thomas Hart Hunt, Albert Lindsey Lee,
Joseph II. Osesby, and others who declared that,
act OF the General Assembly Of the state Of
| Louisiana. approved on the fourteenth OF March.
1855 emitted An act tor the organization of corto
| IltOns for works of public improvement ana
utility" they have agreed and do by these presents
| agree and bkId Themselves, and those whom they
q corporation for the objects and under the stiF;i-
latiors and articles following. to vii:
| ARTICLE |.
The name and style Of he corpcration e!!aN be
| the LOUISIANA SlnTE LEVkE COMPANY, the
place chosen for its .donicile is IN the city OF New
| Orleans. i'll this state.
ARTICLE II.
Tie object and purpose ct the company are de-
ca,-d Ia. the Ieci3 mat ion ard protection from
| overflow of the aiiUyial lands IN the Mississippi;
| ;sd to enable said comi,,ny TO accomplish said
| purpose and object, ii shall have She right
| First-To locate construct and build. AN" there
| after to own. maintain and use ltN'cs On both
banks OF the Mississippi. and Of such Tributaries;
| artificial canals and conduts as may be deemed
| l+cc>stry by commission of competent tnGi
! n""rs, appointed by the government OF the United
I Mates.
Srcon,,-To 'oIsstrIc:. establish or purchase, and
| thereafter I" own, niaitan and operate all lines
| OF telegraph railroads steamboats,. iascinrs and
! such otner machinery viii materially coz
! ,Iibate to the above expressed and OF ali other
| objects and purposes OF SAID company.
Thlrd-To Obtain. acquire and receive By pr-
chase, grant. gift, devise or htINrst and to have
and hold real asd personal estate, and a.! such
| lands. tcncucntS and hered:An"ntS as shall con
tribute I" secure the Hcconpil>hl'nt "' nc OBJ
| iccts and purposes OF the company. Also. to sell
convey and transfer the same. or an' part thereof
| i'll fee simple.
Fe,rth-To acc..r. and exercise al such powers
privileges and franc fises Is may hereafter be
| granted to conferred upon the said company BY
! tn, government of the United States, u. the
| State or by local authority empower hs either
| OF said governments.
| ARTICLE III.
The plrs;lrn, Of the company il designated A.
the officer On whom citation may he served.
ARTICLE ".
The capital stock OF the company is .ed at The
ri,e million OF dollars represented hy tuv
thousand shares OF one hundred dollars each. The
time and manner of payment On stock subscribed
shall BE- such As will be determined by the BOARD
of Directors or incorrorators who are hereby
fully empowered tor that pun pose. aud il is hereby
specially provided that in OF failure pay
nlent OF assessments at the time designated hv
said board, all stock 30 i'll default shall be forfeited
to the company
ARTICLE
On TIE first SATURDAY in j.,r'iary. ir thc scar
eighteen hundred and seventytNo. and there
after the first Saturday in January III
each and every year, an election OF t!rec.
tors by the st"rklold"rs shall be held
election previous notice OF at least ten days shall
be- given III two newspapers published in III" city
Each share shall be emit led to"n- vote, person
or by tpI"NN and the plurality "i votes st"!i de-
''''' '''' '''''''h ARTICLE y,
The subscribers 10 this act siI.! constitute tue
FIST Board OF Directors, ami shall serve such
until slpers,de by Their successors TO be .lcc,cd
prov i'lcd for III the foregoing article They shall
at their rs Ineet!n-. elect on" of their number
president, and provide for such "th"r officers as
may Ia. necessary. and may increase tutr ubcr
by III. addition. OF other Subscribers.
ARTICLE VII
All tn" r"rporate powers Of the 'omys!uN .'.H tc
vested in the Board OF Directors coIporators
.ippontrd and to be ."ct, aforesaid. The said
board shall! elect the president. ais" A'.c'-rrts-
dent, who shall exercise the powers OF the ,r-s-
dent in ~ the absence inability from
Other "alse ~ the latter to act and all sue" other
officers, clerks and agents sis! be necessary
carry ont the purpose. OF the company. They
shall ii Ia. sasllIc, OF al officers. and the amount
o; security 10 be required! iron, each All officers
except the president and all >nholdua'" .inpl"N"-
agents OF the company. .hal. Re abl. AZ
the pleasur" OF the board 4 majority OF IN. board
shall form quorum. an, the decision If ia" major
ry OF those shall constitute valid corporate act
They shall have power to make by laws .ul"> and
liations, or 10 alter or amend. OF rtp'a! the
same. VIII never they shall deem it"xl-emt for
til" interest OF :ie company. They may I'royid"
seal .ith such devise and motto may be agreed
on by them Vacancies !nav be- declare! on a'-
count "t t- death resi- gnatI"n. Insolvency "r ..b
sence without I"av" FOR NOR than ninety DAYS
and such vacancies tor the period intervening he
tween that occurrence and the next general "l"c.
tion by III" board. VIII" may also appoint tenn
porary substitute for any director vii" may, with
leave, hr absent for any period exceeding ninety
-. ,,.r;',t a. 49,. .,l .. -u , 80 =,
., ,I ,,a s,,ni, ,.,, ,. ,,,.,,,,.I ,,,. - ~,
required for the uses and purposes OF The company
IL .',,',, >, a,, ,',,,,,,. ,'. ~, va ,,,, ,i vs.
.,,,, ,,i, +a.,. ~. ~, r,,,a,,. ,r; . ,,,-,,i
Va, ,iIi,nr. haII he ,i,I,Ii,.i W. .h i,!i W
il shal! not be- les than nine nor, than, fifteen,
After the first elect ION ~" increase IN the number
q! members constituting me Beard OF Directors
shaIl'ake' "ct uiitl. after IN" ."i''rS election /"
/, follow.
ARIlC LIZ viz.
failure .lcm any cause t" elect directors or the
day named for rLai pIrpos. shall not dissolve. tn.
COMPANY hut the directors then IN office shall h"l,
over III i. another election hi' of viii, u motto
shall be forthwith given as lr, ,Ic for in tu,,s..
of regular elections and continued unit; a, lee.
ton i. held.
ARTICLE X.
! .,, ..,; ,,,.., w.. ,.-
.,l "a. 'i,,r ,,,;.., =, ,,,,,,;.,,.,n, ~ ''
%. can.,,I ..n,in,s .Loi J. ,,i,., Va, -. ,1, ,,
| Iays tt. ,torkLo,ders may max. a,v n.ditc..
$50 aa1;.;ama .pJ -. 49, ~ a . ,,,,yn' ~
Tons adt .is ana ;m"nS, N these ,tire, or
touyths q: the stock represented ar .uch meeting
On all uatt+re submitted to the vote of the stock
holders they shall he entitled 70 one ,ot, tor .ac.
share held by them Tr,p.ctvely and to east ;L,.
sam. in person or BY proxy.
.prrrIr-y
"
tncrf u" ere iils'ah'1s s''I any -" khoder "e
liable for the debts or losses OF the company be-
y"nd the stock held by nm or the amount % his
subs'ilp!inh que ana uiIhiid 'h'i'"!l.
ARTICLE XE
,,i oro,,i, ,, o i,., ,..,,; ~
M .iii"rS ~, 20 60 80. o ;. ~ - . -' v wv,
-, , iuj ,its 49,. 5It $50, ~,
sciin'u '9i, gu ,iiuso az ie t'Wi.'" az
bal and y" eo' s"rs :" h. ia or,nt s,
nr the nrio az y.ars rom tha da,n nf
.aid ,ccpnrii,, AVID fr sncl inner i;na ,hrt,r
a.'i W., any anu ~, a ioSvi ..iT , a i ~