New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-13

tain the same to run between Havana Island n
Cuba, and the city of New Orleans State of Lolisj
aua other ports within the United States for
the transportation of passengers, ffeights and
mails; to construct docks, wharves, buildings. and
such other constructions which may be necessary
to the building and repairing of vessels to acouirs
and hold real estate or personal property for it's
own and benefit,
SEC q TO obtain the requisite amount Of money
to purchase, or to build and complete III every mar.
ticnar said vessels and to maintain the sane tt i
| proposed by this corporation as means to carry
out its purposes, to establish and organize lott.rv
series of lotteries, in the city Of New Orleans
and branches thereof, and if necessary Throughout
the state of Louisiana, or in any other State and
TO conduct, maintain and manage them and ali
things appertaining to the drawings of said lot
| ferries
SEC. g. To sell lottery, policy and combination
tickets certificates, aud fractional parts thereof
of this corporation, and other lottery Corporations
companies associations or individuals.
SIC. 4. The President shall be the proper person.
| ing shall be served.
ARTICLE III.
SECTION l. The capital stock of this corporation
/ is fixed at i've hundred Thousand dollars renre-
sented by five Thousand shares of one hundred dol
The capital stock may be increased to an amount
not exceeding one million dollars by majority Of
| the directors at any regular meeting providing
notice has been given at preceding regular meet
| ing. s
stock subscribed to shall be paid to the treasurer
of this corporation at the time Of subscribing or
| npon the demand of said treasurer. and two and q
|
| after date of subscribing, and no more payments
shall ever be payable or demanded Certificates
| of stock shall be issued only when two INSTALL
| ments shall have been paid
| SIC. 3. When two Thousand and five hundred
shares shall have been subscribed this corpora-
| ton shall be considered organized
Four directors shall form and constitute quo
| rum, and majority of whom shall have the power
and authority to transact and perform all y any
business of the corporation and all of which shah
be and is hereby declared binding upon the cor
SEC. 4. The officers of this corporation shah he
the directors, the president the vice president
the secretary, the treasurer, the manager and the
SEC. 5. This corporation shall hare the power
70 adopt a common seal, with such device and
motto, as may be prescribed by majority of a.
quorum of the directors. To sue and De SHED in,
rs corporate name; to buy, own, hold, receive,
SELL transfer, or ALLEVIATE real and personal prop
erty, and to do all things incidental to corpora
be held liable held responsible for the Contracts
faults or losses of this corporation beyQDd his her
or their SUBSCRIPTION or stock nor shall any inform
the effeet OF rendering this charter null and void
SIC =; majority Of a quorum of the direct
from the net earnings of the lotteries sale Of
all lottery, policy and combination tickets devices.
cert1hcates and fractional parts thereof five per
cent intert st the face value each share to the
owners thereof or their assigns, commencing and
dating three months from the first drawing Of the
lottery and the residue of the said net earnings
shall be set apaTt and reserved for the purposes to
purchase or build, own, maintain and manage not
less than four steamships and when said ear5inrs
after the payment of the interest as above re-
quired, shall have reached one hundred Thousand
dollars, Immediate and necessary steps shall be
taken by the president of this corporation to pur
chase or contract to have built and Completed in
article second.
SEC g. Should any subscriber not nav his. her
or their subscription upon demand OF the Treas
uIer, and their second instalment within five days
after being notified of said dues by the Treasurer
the President their shares and ali amounts nsd
thereon, shall be forfeited and become the PROP
erty OF this corporation, without recourse to ja-
dieiai proceedings.
ARTICLE ".
SEcrIoS !. The following named persons: TO Wit
Benjamin Bloomfield, james Benton z ToInafis
John B. Desanges, w. Hyllested. William Bluhme,
Samuel J. Seymour, Emile Bouny Joseph Lang and
J. A. Quintero, are hereby appointed co1lstsfuted
and declared the first Board of Directors for this
corporation, with the following officers, The SAID
BENJAMIN Bloomfield as President said T. Tomatis
as Vice President. the said William Blihme as
lreasurer the said A Quintero as Secretary, the
salo James benton as Manager, and the attorneys
VINO may be appointed by the President; all of
whom, with the aforesaid directors shall serve and
hold Their respective positions until the third Nom
day in May 1875, and until their successors are
elected and qualified.
Directors shall be filled by a majority OF oSlorum
OF the directors who shall also appopt ali AGENTS
tleIks and employees that may be acquired, and fix
their respective salaries, and also designate their
e shan an mal9ril OF Quorum Of The direetors
he power and authority to establish branch off,
ces, agencies, ETC., make and adopt by-laws.
rules and regulations for the guidance of this cor
poration, and to do all things required and Incl
dental to conducting, managing and putting INTO
operation lotteries and the drawing u lotteries,
ssenng lottery, policy aud combination tickets
devices, certificates and fractional parts thereof
and all things appertaining to lotteries which may
colonce TO the acquiring and owning by this cor
poraton OF tour steamships. either by pure base
Dmit 70 order and furnishing, completing and
maintaining the same
BON shall serve for four years, and the agents,
clerks ana employees shall serve for such time as