New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-25
CORPORATIONS,
QUARTER.
.....CHARTER.
HaniEh. .........CHARTER.
SrAfE OF LOUISIANA, PARISH OF ORLEANS
AND CITY OF NEW ORLEANS.


AND CITY OF NEW ORLEANS.
BE it known, that on this twent y.fourth dav Of
yuns. IN the year of our Lord one thousand eight
nunur-u ana seventy one. and of the independence
Ts ene untea MATES of America the ninety fiji, h.
oelore me, Andrew Hero Jr., a notary public IN
and for the parish of Orleans and city of New
orleans, state of Louisiana duly commissioned
auu qiaineu, ana in the presence of the witnesses
hereinafter named and undersigned personaIly
came aud appeared the several parties whose namt
are hereunto subscribed, who severally declared
IAat awaiting themselves of the laws of the State of
LOUISIANA relative to the organization of corpora
nmrnosas h, o. pubic improvement snd for other
9 pos g. tney nave covenanted and agreed, and
40 by these presents covenant and agree and bind
tIaens st as well as such other persons may
ana constitute corporation and body polite in
Iaw under the following stpulations and agree
ARTICLE I.
The name and title of this corporation shall be
THE NEW ORLEANS WATER WORK ! COMPANY
anu lts domlcle shall be the city of New Orleans
IN the State OF Louisiana. By said corporate name
the said company shall have and enjoy succession
from and after the date of these presents. and
sha have power and authority to contract sue
anH DC sued; to make and use corporate seal; to
noIu' receive purchase, lease, mortgage, hypothe-
cate and ALLEVIATE or convey, under its CORPORATE
name: property both real aud 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-
qufe; and to make and establish as we'll as alter
and amend such rules and by laws for the nroner
mana geInem and regulation OF the affairs of said
proper -'e>oO~'' CIV
.H1-4Ie ARTICLE H. srfr '.tssa
The purposes for which this corporation is es-
taolshed and the nature of the business to be car
rico on by H. are declared 10 be aeq uire purchase
or lease and construct, maintain and carry on
otber c 60 supply a the city OF New Orleans and
leans and Jefferson, with water.
ARTICLE III. f
All citations or other process of law shall be
served upon the President of said corporation.
ARTICLE Iv.uf5 man
Inc capita! stock of this company shall be three
million dollars and be represented by thirty thou
sand shares. of the sum OF one hundred dollars
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 i'm in
stailments not exceeding ten per cent, at such
times TIME as the Board of Directors may determine.
Saiq company shall do no act under the PROV isions
or this charter until fifty thousand dollars of the
said capital stock shall have been subscribed f,r
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 miscellaneous
upon the capital stock Of said COMPANY As well
as of the amount OF such nstallneuts; and any and
az SUBSCRIBERS TO the capital stock OF said com
pany WHO shall tail 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 stallments paid thereon and such stock shall
De reissued and sold by the company for its cwn
dement, as well as all stock of the company upon
such terms the Board of Directors NAV deem
for the best interest of the company. Each snare
OF stock shall eniitle the owner thereof to one
vote on all questions aud cases elections either
IN person or by proxy.
4lt ARTICLE v AiiF og
The affairs of said company shall be under the
direction and management of Board of Direc.
whom shall at least fifty shares Of the capital
stock OF said company in his own name and they
shal be elected at such time and place shall be
named in the bylaws to be adopted by said com
pany. A majority of tie whole stock OF said
company shall be requisite to elect, and public
nstiee shall be given of the time and place of said
election BY advertisement during ten DAYS in two
newspapers published in New Orleans Said Board
of Directors shall transact the business of said
company, and hold regular meetings at such times
as they, shall fix upon. A majority of
said board shall constitute quorum for the trans
action OF any business; and they shall have
full power TO make and establish well alter
amend or repeal such bylaws, rules and regula.
tons a, may be deemed necessary for the regula
ton and mans cement of the business and affairs of
said company. Said Board of Directors shall also
have fall powers to buy and sell, lease and hire
and mortgage or pledge all such real and personal
property as they may deem necessary for the uses
and purposes of said company; and, moreover, TO |
borrow money by an issue of the bonds of the |
company or otherwise 10 an amount not exceed |
ing the capital stock Of said company. They shall
have authority to carry INTO execution all the OBJ
jects aud purposes of this corporation; nominate |
and appoint all officers. agenfs or employees, nix
their salaries and dismiss them at pleasure aud |
shall have and exercise such other and further |
powers as may pc conferred upon them at any
their rrst meeting they shall elect of their
number as president of the corporation, who shall |
preside at all meetings of said Board of Directors.
ADy vacancies occurring in their number by death,
resignation or otherwise, shall be filed by election
by he board for the period intervening between |
the occurrence of sucI vacancy and the next gen
eral election. The first Board of Directors |
Until their successors shall be duly elected under
the provisions of this charter shall consist Of the
following named persons, i'll whom and their sue
cessois all corporate powers of this corporation
shall be vested, viz: Joseph Hernandez Charles 7.
Howard. J"hn Lockwood, Joseph r. West and Il.
v. Balringer.
If at or before the expiration of the term of
twenty-five ears herein fixed for the duration o;
said COMPANY six or moIe of the stockholders
holding a majority in amount of the capital stock
of this corporation shall desire TO renew the char
ter OF this corporation for further term, and any
same those stockht lders that may be unwilling to
the same shall be bound 10 transfer the shares
of stock held by them to those desiring rene wal or
extension of this charter at the hen market value
of the said stock; or if the said stock should
not have known market value at that
by two appraisers, one to be chosen by the stock
holders desiring TO renew the charter of this com
holders who may be Unwilling to renew the same;
and in the event of 4 disagreement between the
choose an umpire, whose dec sion shall be nnal.
Should this charter not be renewed as above pro-
vided, then and in that event, on the fourth Mon
day before the expiration of said term OF twenty
five years, ii sooner determined upon, general
meeting of the stockholders of this company shall
be convened after thirty days notice having been
given in two newspapers published in 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 1t shall be,
and they hereby specially authorized and EN-.
powered TO enter int3 and take possession of all
he property and effects of said company and to
liduidate aud 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 Celias
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: