New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-02-15
CHARTER

4 l. II Z
SrArK OF LrUIssANA.
City of New Orleans.
Be II known that on this fourth day of January,
i'll the year OF Lord one thousand eight hundred
and Seyeut vol.e. before me- Robert Joseph ker, i
notary public IN aud for the city OF New Orleans,
parish OF Orleans, State of Louisiana, duly com
mls,ioned and qualified, and In presence OF the
witnesses hereinafter named and undersigned
bavis Henry A. Peeier, Robert j. Ker. William K:
Fish. VI. A. Southworth and James +. Casey, all
tsidns III this city, who declared that, intending
10 organize themselves into Corporation under
the PROVISIONS the constitution. and of act of
the General Assembly OF this State entitled An
act for the organization OF corporations for works
of public Improvement and utility approved
March H. 1870 and 10 secure and ENJOY the nights,
privileges and powers Of a body corporate and poi
itic. they do hereby declare and specify, III an
authentic form, the purposes and objects OF the
said Corporation. the maine. style and title thereof.
whom citation may be served, with powers of cor
p"r;lt object OF organization and manner OF
organization. the manncy i'll which its elections shall
be held and qalltica ton of electors, the managers
ard their elect ion. the officers and manner OF APP
pointmeut, The amount Of the capital stock, the
number OF shares. the amount, OF each share, and
the tDe when and the manner IN which payment
stock subscribed shall be- made, general require
ments and mode Of liquidation of its affairs at the
termination OF lts charter, as follows, to wit:
ARTICLE |.
They. the said appearers. their associates and
Successors, SHAH form body corporate and polite
IN to H1 gnSS1T ts aHS Sy Co S
PANY,'' and its domcie shall be the city of New
Orleans, aud all citations shall be served on its
President. and by said corporate name shall have
power to contract, 10 sue and be sued to hold pur-
chase. acquire, sell and transfer property OF any
descrip;on-real. personal and mixed-in this
State. and may establish common seal. and the
same use. after. break and abolish 1T pleasure.
ARTICLE H.
The object for which this Corporation
is organized and established, is TO acquire. reclaim
and improve swamp, overlooked and other lands.
to sell or lease them and to make such works of
public improvement as may be necessary to re-
claim and improve such Lands and to facliltate
ARTICLE ILL.,
This Corporation shall he organized within q
dpay of ninety DAYS and the appearers above
shall act provisional board of directors until
the first general election hereinafter provided for
They shall open books OF subscription to its cap
ital stock and determine the mode and manner of
subscribing thereto and the instaments to be paid;
certificates OF stock shall be issued signed by the
President and Secretary of the Board, and trans
fer shall be valid unless made upon the stock books
and surrender of the certificate
ARTICLE w
Ii each election each srOckholder shall be ell
Titled to one vote for each share OF stock owned by
him. provided that the same has been transferred
to him within thirty days prier to such election.
The stockholders may appoint other stockholders
to represent them and cast whatever votes said
stockholders would have been entitled to were
they present.
All the corporate powers of this Company shall
be exercised by Board of Six Directors stockhol-
ers 10 be elected at such time and in such manner
is herein provided for to hold office until
their successors are appointed.
ARTICLE VI
The officers OF this Corporation shall be Presi-
dent, Chief Engineer, Treasurer and Secretary
who shall be elected by the Board OF Directors to
hold office until their successors are elected.
ARTICLE VII.
The capital stock of this Corporation shall be the
sum OF two million dollars, divided into twenty
Thousand shares of one hundred dollars each with
the privilege OF increasing the capital stock to five
millions OF dollars.
ARTICLE VIII
No stockheder shall be held liable or responsible
for the contracts or acts of the Company in any
further sum than the amount Of his stock.
ARTICLE TX
The said Corporation shall have power to make
and establish such rules, regulations and by-laws
as mayt ne necessary to carry on it's business and
to regulate its affairs, and may repeal or amend
the same as occasion may require. to further and
promote the object Of its organization: provided,
that the same be not contrary to the constitution
OF the United States and OF this State.
should 1t become necessary to use have enter
OF take any private property for the purpose Of
ryins on the works Of this Corporation and in the