New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-20
CORPORATIONS,
1tRARTER. ...................
...CHARTER.

| C,RARTER. ...........:......'..c CHARTER
! STATE or LOUISIANA
City of New Orleans
Be it known that this fourth day of January,
in the year OF Lord one thousand eight hundred
and seventy one, before me, Robert Joseph ker a
notary public in aud for the city OF New Orleans,
parish of Orleans, State of louisiana duly COM
| missioned and qualified, and in presence OF tine
witnesses hereinafter named and undersiyned
personally came and appeared Messrs William
Davis, Henry A. Peeler Robert J. Ker, William R;
residing in this city who declared that intending
to organize themselves into Corporation under
me o. tS .n ' 0 OF Am
act for the organization Of corporations for works
Of public Improvement and utility" approved
March a. 1870, and to secure and ENJOY the rights,
privileges and powers OF body corporate and pol
itic, they do hereby declare and specify, III 81
authentic form. the purposes and objects OF the
sad Corporation the name style ana tue thcreOf
the place chosen for its domciie, the officers on
whom citation may be served, with powers OF cor
pOritiOn and object OF organization and manner OF
orSanlzatlon the manner III WHO us elections silaN
BIZ held and qualification of electors, the managers
ana their election the ohcers AID manner OF APP
pOintment. the amount of the capital stock. TIE
number Of shares. the amount of each share and
the time when and the manner in which payment
stock subscribed shall be made, general require
ments and mode of liquidation OF its affairs az the
termination OF its charter. as follows. 70 W.T.
ARTiCLE.l
They, the said appearers, their associates and
successors. shall form body corporate and polite
i'll law, 10 BE- known Under the name and style of
THE LOUISIANA LAND IMPROVEMENT COM
PANi, and lis domc:Ie snail be the city OF New
Orleans, and ali citations shall be served on its
President and by SAID corporate name shall have
power to contra:t. TO ad be sued, to hold, pIr
chase. acquire, sell and transfer property OF any
dcscripton-real, PERSONAL and mIN-'i-ln tbs
State. and M: establish common sea. aiiI the
Same list. after, break and abolish AZ pleasure.
ARTICLE II.
The ohrc: for which this Corporation
is organized aud established, Is 10 acquire, Iee'
ard improve swamp, overiowed and other lands.
II.
public improvement may be necessary - ;"-
claim and Improve such land. ana 10 t.c.i.tAte
navigation.
This Corporation -la!! be organized within 4
d"lav OF ninetv days and he apDea-er, above
shall act ., provisional board of directors ,:nth
the first genera! election h-re.na;te: provd tor.
They shall "is-o books OF subscription to Il, cap.
ital stock ANA determine In. mode and manner OF
subscribing thereto and th. isiailnen, 70 he paid:
certi'icat. OF stock saN y. Issued. --n"d by the
President AID Secretary Of the Board .n'i no trans,
fer shall b. .ii.: unless made upon ..!c -tcc.
and surrender .: tn certificate.
ARTICLE Is
A; each election each stockho,.r: s.4,. BE- ga
tilted tonne yot. for each snare oi stock owned b.
him. provide that the same 10, bcea transferred
to him within t.l4rtv days prior 10 such r:rctou
The ckhn:'ie!s may 'np"iii, o!f'' 'o' iho.af,
To represent them and cast whatever 'o'cs sad
Stockholders would ha.. been ei.t.:.e, :" were
ARTICLE y.
All the colpo.a.. power. .: :h.. c,mp,,v shall
be exercised .ioIrd OF SIX Directors ssoc.hol
dcrs To De elected a. slit II time and III such manner
y, i, herein provided tor. 70 .o.'. oi.ice I.at..
their successor. AZ. appointed.
ARTICLE VI.
The officers o: this Corporation shai. ~ y Pres.
dent, Chief En-iu,er. Treasurer and Secretary,
who shall De elected by the Board y: Directors 10
hold oaice until their successors axe elected.
ARTICLE VII
The capita. stock of this Corporation shi.. DE- -.
sum OF two million dollars; divided INTO t"entT
Thousand share, o. one huni-ed dollars each, "l.h
III. privilege of INCREASING the capital ,s"t> t"ve
ARTICLE VII!
No stakeholder snail be h.id ilab:e or Responsible
for t!e contracts or acts at the C"lnpaiI5 II any
further sum thaa the amount Of lis stock.
ARTICLE TX
TIE said Corporation shall have power - make
and .stahlis! such rules regulation, ami by laws
TO rrsul,t. ~ "Fh.r- and may repeal o. amend
til" same - OCCASION may require Z" further and
that the same be- aot contrary 70 The .unsl'..i Oh.
OF the tn!..,, states and '.t- St.-.
ARTICLE ::
Should !. '~-"onl. necessary :" rI,,. have "r."r.
or tax" any ii'at property Tor III" prpos" OF -
MIN. the works o: this Corporation and III the
event tia: - not a.T-r wiki III. owner
owners IT tl' SANE Tor ~ purchase SAID Corpora
ton shall snj"y al the privilege. sygoo ~: IN.
th.. same. Conferred: -. law
ARTICLE Il
The sad Corporation shall have IN. p"s.- a: sliy
genera. mr-t.!.- .";!v.nr.i FOR that p'rpo|, after
thr': iny-' pi.s'." n".!'r. 20 max. a.y mod hca
lions, addition, o- alteration. - tbs present act
OF ilco, por.tion, o. :" dissolve >i. Corporation,
viii. t.. ASSN: %: three tou....> o. ~. stool.
repre- :!tr.i ~ ,.c.i notified meeting.
ARTICLE III!
4. 'ie ',"-.- Of HI. charter o. -o"- :. i: liz.
solved. .e...,-iore provided, :herc -al. Re
three. trustees ..g'": I.ad' the rules governing
general s.rctpl-. WHO shall have power +" .-q;:.i
at" IL ahl.- SCI =, property ana d,:I,'.i;, 'l!e
proceeds
Thu, done .ai ;a-s. IA M chc. "A. Wv Or
leans tie daF and ,!at' aforesaid presence
OF Mc,srs Alec. J. Krr aid Frank D. SrsheG, com