New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-10
LAWS Of THE STATE OF LOUISIANA
pI-RIISHED by AUTHORITY.
AN ACT
No. 4.


Relative to the Louisiana Lcvec Company.
A corporation organized under the general
laws of this State. constituting it body
polite and corporate, with ccrtoin powers,
privileges and franchises, and contracting
with said corporation Tor the construction
maintenance and repairs of certain
Ieyees, and providing FOR compensation
therefor.
SECTION |. BE it enacted by the senate
and House of Representatives OF the stare
of Louisiana lin general assembly convened
That the Louisiana Lcvcn Company. Il cor
poratiou organized under the general laws
of the State by nOtaral act passed Oh IN"
eleventh day Of February. in the year one
thousand ri yht hundred and seventy one: ne
turc p. Charles Cuviller. Il notary pnDhc IN
the city of New Orleans. and recorded IN 'he
office of mortgages. i'll the parish otVr'rans,
on the eleventh day OF February, one tE"n-
sand eight hundred ana SeVrntF."r' III
Book Society san, !iS and 2l:' foiins. Is
hereby recognized and approved rs body
uolitic and corporate. with all the powers.
iri,i legcs rights and franchises specified Ill
said nutarial act. hereby adopting. confirm
inc and approving all the provisions OF said
notarial act. and making the same Il part of
this act follows:
United States of America. state o. LOlii-
siaua, city of New Orleans.
] v
public in and fer this city and parish of
Orleans. duly commissioned and sworn.
and in the presence OF thu witnesses here
matter named and undersigned personally
came and appeared the persons who's"
names are subscribed hereto. who scVerai.y
declared that availins themselves "t the
provisions of the laws of the State or Loul-
sana relative to the organization OF c"rP"-
rations in said STATE. they have GO, cnantcd
~; fl,,S. 4
nant and bind themselves and those whom
they represent. and those whom they may
hereafter Join and associate with them
selves. to form themselves into and con
stitutc Il corporation iur the objects and TN
der the articles and stipulatiOns following,
to wit.
ARTICLE FIRST.
Tho name and style of tho corporation
shall be The Louisiana Levee Company,
and the place chosen for its dOmcile Is the
city OF New Orleans, in the State OF LOU
Siana.
ARTICLE SECOND.
The object and purpose of the company
are declared to be the rec Lanation and pro
lection from overflow Of the aluvial lands
in the State of Louisiana. and to enable the
said company to accomplish said purposes
and object. it shall have power
/. To contract with the State OF Loais-
lana. and under such contract 10 locate.
construct. build and own. maintain. control
and use lcvecs on both banks OF the river
Mississippi and of such tributaries and ont
letsSof the same as may be deemed neces-
sary by a commission OF competent en-
gineerS. appointed rs may be So agreed
upon in said contract.
=. To construct. establish or purchase.
and thereafter to own. maintain and operate
all lines OF telegraph. railroads. steamboats,
and such other machinery as may contribute
to the above expressed and all other pur-
poses and objects OF the company.
3. To obtain, acquire and receive. by CON
tract, purchase, grant gltt' devise OF be
quest, aud to have and to hold real and
| personal estate. and all such lands, tene-
| lHents and Entertainments as shall contribute
| to secure the accomplishment OF the objects
and purposes of the company:
1. To accept and exercise all such powers,
privileges and franchises as may hereafter
he granted to or conferred upon the said
company by the government OF the United
| States, or of any of the States interested in
the construction and maintenance of l"Tccs
on the banks OF the river Mississippi, or It's
| tributaries or outlets and further 10 cunsO.i-
date with any company chartered III any OF
! the said States for the same or liAe pur-
| poses.
ARTICLE IiIIGD.
| The president Of the company is dcsig
mated "a the officer on whom citation may
| be seJved.
| ARTICLE FOURTH.
The capital stock of the company shall
| not exceed twenty millions of dollars rep
resented by two hundred 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. who are hereby fully
empowered for that purpose.
| ARTICLE FIFTH
On the first Saturday in April. in the
year one thousand eight hundred and sew
enty-two. and thereafter. on the first Satur
day in April i'll each aud every year. an
election OF director. by the stockholders
shall he held at the office Of the corporation,
of which election previous notice of at least
| ten DAYS shall he given b. advertisements
in two newspapers published i'll the city OF
| New Orleans.
Said election shall be by ballot: each
| share shall he entitled to one vote in person
| or by proxy. aud a majority of votes shall
| decide the election.
| ARTICLE SIXTH.
Upon this corporation goin. into opera
! ton, the subscribers n, this act shall meet
and Selcc, from their own number a board
| of directors. who shall hold over until the
first general election to I've held in the year
1872, as above provided.
ARTICLE SEVENTH.
! All the corporate pewcrs of the company
shall be vested in the board of directors.
appointed and to be elected "a provided
herein. The said board shall elect "A pres
ident, and also Il vice president. who shall
exercise the power of the president i'll case
OF the absence OF inability from any other
| cause of the latter to act. aud all such other
officers, clerks and agents as shall be neceS-
| sary 70 carry ont the purposes of the com
, pany. They shall fix the Salaries aud the
amount of security to he fun finished by and
| required from cac,I All officers. except the
| president. and all subordinate employees or
| agents OF the company shall be removable
! at the pleasure OF the board. A majority
of the board shall form a quorum. ant the
decision vi majority of these shall con
stitutc valid corporate act. They shall
have the power 10 make bylaws, rules and
regulations. or 10 alter, amend or repeal
the same whenever they shall deem it eX-
pedient tor the interests of the company.
| They NAV provide seal. with such device
| and motto as may 10 agreed OIL 10y them.
Vacancies may be declared on account of
| death or resignation. and such vacancies.
for the period intervening between the oc:
currence and the next genera! election. shall
be filled by election by the board.
The board shall have full power. and are
hereby authorized to buy and to sell. to
mortgage and to pledge such real or per
sonal property as may he necessary tor the
uses and purposes of the company, and to
borrow money by an issue of the bonds OF
the company or otherwise. to an amount not
exceeding the actual capital stock of the
company.