New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-27
, CORPORATIONS.
QUARTER ACKNOWLEDGEMENTS. CHARTER.
STATE OF LOUISIANA PARISH OF ORLEANS
AND CITY OF NEW ORLEASS.
QUARTER

Re il known that on this twenty fourth day o
June. in the year of our Lord one thousand eish
| hundred and seventh one. and of the independence
| of the United States of America the ninety NTH
before me, Andrew Hero, Jr, a notary public. il
and for the parish of Orleans and city of New
| Orleans, State OF Louisiana, duly commissioned
and qualified and in the presence of the witn- sse
hereinafter named and Undersigned, personal,
hereuntO subscribed who severally declared
that awaiting themselves of the laws of the State o.
Louisiana relative to the organization of corpora
lions for works of public Improvement and for othel
purposes, they have cOvenanted and agreed, and
do by these presents covenant and agree and bind
themselves as well as such other persons as may
| hereafter become associated with them, to form
| and constitute a corporation and body polite in
| law under the following stipulations and agree
| ments, viz:
The name and title of this corporation shall he
| THE NEW ORLEANS WATER WORKS COMPANY,
| and its domicile 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 pr Rod 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 corporate seal; to
hold, receive purchase, lease mortgage, hypothe-
cate and ALLEVIATE or convey, under its corporate
name, property. both real and personal, of every
| description, including rights and credits; to name
and appoint such managers directors, officers and
employees as its interest and convenience may re-
quire: and to make and establish as well as alter
| and amend such rules and bylaws for the proper
mana cement and regulation of the affairs of said
corporation may be deemed necessary and
| proper. .#f
ARTICLE IL.
The purposes for which this corporation is es-
tablished, and the nature of the business be
red BY it declared 10 be to acq uire purchase
! or lease and construct maintain and carry on
| works to supply the city of New Orleans and
other cities and towns within the parishes of Or
| leans and Jefferson, with water.
ARTICLE III.
All citations other process of law shall be
served upon the President of said corporation.
ApTICTE To
The capital stock OF this company shall be three
million dollars and be represented by thirty thou.
| each. Books of subscription to the capital stock
| of said company shall be opened by the Board of
Directors, and the SAID stock shall be paid in in
| stallments not exceeding ten per cent, at such
| times the Board Of Directors may determine
Said company shall do no act under the provisions
this charter until fifty Thousand dollars of the
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 installments
upon the capital stock of said company well
as of the amount of such instamehts and any and
all subscribers to the capital stock OF said com
pany who shall fail or 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 own together with
all installments paid thereon, and such stock shall
be reissued and sold by the company, for its cwn
benefit, as well as all stock of the company upon
such terms the Board of Directors may deem
for The best interest of the company Each share
vote on all questions aud cases elections either
in person or by proxy.
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 Last 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
n"tice shall be given of the time and place of said
election by advertisement during ten days in two
newspapers published in New Orleans. Said Beard
OF Directors shall transact the business of said
company, and hold regular meetings at such times
they shall fix upon majority of
action OF any businessy aud they shall have
full power to NAL Ike and establish as well as alter
amend or repeal such bylaws rules and regula.
tons may be DEEMED necessary for the tegula.
tion and management of the business and affairs of
SAID company. Sihd Board of Directors shall also
have full powe s to buy and SELL lease and hire
and mortgage n pledge all such real and personal
property as -hey may deem necessary for the uses
and purpo es of said company; and moreover, TO
borrow soney by an issue of the bonds of the
comp 8 or otherwise, TO an amount not exceed
ing t,ae capital stock OF said company. They shall
is and purposes of this corporation; nominate
md appoint all officers agen employees, fix
their salaries, and dismiss them at pleasure and
shall have and exercise such other and further
powers may be conferred upon them at any
regular or special meeting of the stockholders. At
their first meeting they shall elect of their own
number president of the corporation. who shall
preside at all meetings of said Board of Directors
Any vacancies occurring in their number by death,
resignation or otherwise, shall be filled by election
by he board for the period intervening between
the occurrence of sucd vacancy and the ext gen
eral election. The first Board of Directors TO
until their successors shall be duly elected under
the provisions of this charter, shall consist of the
following named persons, in whom and their sue
cessOTs all corporate powers of this corporation
shall be vested, viz: Joseph Hernandez Charles 7.
Howard, John Lockwood, Joseph R. West and H.
V. Barringer.
If at or before the expiration of the term of
twenty-five years herein fixed for the duration OF
said company, six or more of the stockholders
holding majority III amount of the capital stock
Of this corporation shall desire to renew the char
ter of this corporation for further term, and any
stockholders should be unwilling to renew the
same, those stockholders that may be unwilling to
the shall be bound to transfer the shares
of stock held by them to those desiring renewal or
extension of this charter at the then market value
of the said stock; or if the said stock should
not have a known market value at that
by two appraisers one to be chosen by the stock
holders desiring to renew the charter of this COM
pany, and the other to he chosen by the stock
holders who may be unwilling to renew the same;
and in the event of disagreement between the
two appraisers so chosen. said appraisers shall
choose an umpire, whose decision shall be final
Should this charter not be renewed as above pro.
vded, then and in that event, on the fourth Mon
day before the expiration of said term of twenty
meeting of the stockholders of this company shall
be convened, after thirty days notice having been
gwen In Two newspapers published III New Orleans
at which meeting three stockholders owning each |
at least fifty shares of stock in said company |
shall be elected by majority of the stockholders
present and represented, whose duty it shall be,
and they are hereby specially authorized and en-
powered to enter into and take possession of all |
the property and effects of said company and to |
iquidate and fully settle the affairs of the said
poration in the manner prescribed by the existing
laws of this State.
Thus done and passed, in my Office, at New Or |
leans aforesaid in the presence of George Cenas |
and Paul A. COnand, witnesses. both of this city |
who hereunto sign their names with the parties |
and me, the said notary the day and the date afore
said.
Original signed: g.
CHARLES T. HOWARD,
JOHN LOCKWOOD,
j. X. WEST,
ID. c. MCCAIN
J. HERNANDEZ
And others.
p. A. CONAND,
GEORGE CESAs.
ANDREW HERO, JR,
Notary Public.
certify that the above and foregoing is true |
copy of the original act extant in my n0taria re-
cords, which original act is duly stamped and has |
been recorded in the mOrtgag Office of this parish,
in Society Book No. g. folio 433.
ANDREW HERO, JR,
Notary Public.
New Orleans, June "a. 1871 ie25 law 4w
G0NSTARTES, SAFES