New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-17
CORPORATIONS.
....CHARTER.

| STATE or LCUIsSANA, I
CITY Of Now Orleans. }
Be i: known that on this fourth day Of January
in the year Of Lord one thousand eight hundred
| and seventy one, before me- Robert Joseph ker, q
| notary public in and for the city OF New orleans
| parish Of Orleans. State of Louisiana, duly com
| missioued and qualified and in presence OF IIe
| witnesses hereinafter named and undersigned
| personally came and appeared Messrs; Wllla y
| Fish NJ. A. Southworth and James +. Casey, all
residing in this city, who declared that. intending
| 10 organize themselves into Corporation unaeI
the provisions OF the constitution and OF an ct OF
! the General Assembly of this State, entitled An
act for the organization Of corporations for works
Of public improvement and utility" approved
March ii, 1885, and to secure and enjoy the rights,
privileges and powers of body corporate and pol
itic, they do hereby declare and specify, IN an
authentic form, the purposes and objects OF the
said Corporation the name style and title thereof
the place chosen for its doucile, the officers on
whom citation may be served, with powers OF cor
poraton and object Of organization and manner OF
organization, the manner III which it's elections shall
be held and qualification Of electors the managers
aud their election, the officers aad manner OF ap
pointment, the amount OF the capital stock, the
number of shares the amount OF each share, and
the time when and the manner in which payment
OIL stock subscribed shall be made general require
ments and mode Of liquidation of its affairs at the
termination gifts charter. as follows. to wit:
ARTICLE
They, the said appearers, their associates and
successors, shall form body corporate anu polite
~ law, to BE- known under the name and style OF
1.-THE LOUISIANA LAND IMPROVEMENT COM
PANi" and its domicile shall be the city OF New
Orleans. and AL citations shall be served on its
President, and by said corporate name shall have
power to contract to sue and be sued to hold pur-
chase, acquire. sell and transfer property OF any
description-real. personal and lniAed-in this
State, and may establish common seal, and the
same Use. alter. break and abolish at pleasure
ARTICLE ii.
The object for which this Corporation
is organized and established il to acquire reclaim
and improve swamp, overowcd and other lands
to Sell or lease them, and to make such works OF
pnbIc improvement as may be necessary to re-
Gnf{ andm and TIA f&I.i1It at
navigation.
ARTICLE Ill.,
This Corporation shall be organized within
delay Of ninety days and the uppearcrs above
shall act as provisional board of directors until
the first general election hereinafter provided for.
They shall open boob of subscriptioa to It'll cap.
ital stock and determine the mode and manner Of
subscribing thereto and the stalments to paid
certificates of stock shall be issued signed by the
President and Secretary of the Board. and trans
FER shall be valid unless made upon the stock. books
and surrender OF the certificate.
ARTICLE w.
At each election each stakeholder shall be en-
titled to one vote for each share of stock owned by
him. provided that.th same has been transferred
I" INN within thirty days prior to such election,
The stockholders may appoint other stockholders |
to represent them and cast whatever votes said |
stockholders would have been entitled to were |
they present.
Al; the corporate powers of this Company shall |
be exercised by Board of Six Directors stockhol-
ders. to t elected at such time and in such manner
~ IL herein provided for. to hold Office until I
kle!r successors are appointed.
ARTICLE VI
The officers OF this Corporation shail be P,esi-
lent. Chief Engineer, Treasurer and Secretary,
" lio shall be elected by the Board of Directors u
hold Office unti! sheir successors are elected
ARTICLE VII
The capital stock of this Corporation shall be the
'cm of two million dollars. divided into twenty
thousand shares of one hundred dollars each with
ne pr'yi. &c OF Increasing the capital stock to live
ARTICLE VIII.
No s:ockholder shall be held liable or responsible
or the contracts or acts OF the Company IN auy |
IrtheE sum than the amount of his stock
ARTICLE TX.
TIC sad Corporation shall have power To make |
lid establish such Jules egulatOns and bylaws |
q may be necessary to carry on its business and !
o regulate its affairs and NAV srpeal or amend
ne same az occasion may require. TO further and |
,ronote the object of its organization: provided,
nat the same be not contrary to the constitution
l aAlc ChteO states and OF this State.
ARTlCLEX
SholliG It become necessary to use leave enter
take any private proptir< for the purpose of ear
yins on the works of this Corporation ard in the
vent that It can not agree witt the owner OF
wners o. the same TOR its purchase said Corpora
LoH shall enjoy all the privileges eXurovr.ating
he same. conferred by law.
ARTICLE VI
The said Corporation shall have full power at any |
eneral meeting convened for that purpose after |
nlrty DAYS public notice, to make :l..y moditica-
l incorporation. or TO dissolve said Corporation |
nth the asseLt of three fourths OF the stock
fi!thtAttA ~ SICh notlrHd meeting.
ARTICLE MI.
AZ !he close OF this charter or sooner, il dis |
lived, as Aercinbetorc provided there shall be |
lrec trustees eltcted under the rules governing
eneral elections. who shall have powc! TO LIQUID
10 ITS affairs, sell its property distribute the
roceeds.
Thus done and passed in my Office at New Or.
ans, on the day and date aforesaid, i'll presence q
Messrs. Alcee J. k-r and Frank D. Seglirrs com
tent witnesses who hereto sign their names,
gethey with said appearers and we, TIL notary
rlg1nas s:guea: WILLIAM DAVIS
HENRY A. PEELER.
ROBERT J. kER,
W. K. FISH. ! .
y. A. SOUriiWORTH =
JAMES F. CASEY.
ALCEE j. kkR
f. d. SEGLIERS. |
ROBERT J. KER +
Notary Pubic.
4 srae copy from the original:
RoBERT }. hKK, Notary Public.
New Orleans, January l6 1871.
the ulders gned Recorder of Mort cages for the
ty and parish of Orleans. state Of Louisiana do !
reby certify that the foregoing act of ncorpora. !
u has been this day duly recorded in book
eety No. 1. page 22o of this Office, according to
". L. DARCAETKL, Deputy. !
New Orleans January Is, 1871 jal7 26 fel2 is 4 o