New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-18
......CHARTER.
CHARTER --.. .
STATE OF LOUISIANA, PARISH OF ORLEANS
AND CITY OF NEW ORLEANS.

| Be it known that on this twenty fourth day of
| June. in the year of our Lord one thousand eight
| hundred and seventy-one. and of the independence
of the United States of America the ninety fifth,
before me, Andrew Hero. Jr., notary public in
| and for the parish of Orleans and city OF New
| Orleans, State of Louisiana, duly commissioned
and qualified, and in the presence OF the witnesses
| hereinafter named and undersigned, personally
came and appeared the several parties whose names
| are hereunto subscribed, who Seyerally declared
Louisiana relative to the organization OF corpora
tons for works OF public improvement and for other
| purposes, they have covenanted and agreed ana
do by these presents covenant and agree ana olnd
| themselves, well as such other persons as may
hereafter become associated with them, TO form
and constitute a corporation and body polite IN
law under the following stipulations and agree
ments, viz:
The name and title of this corporation shall be
THE NEW ORLEANS WATERWORKS COMPANY,
and its dOmice shall be the city of New Orleans
in the State of Louisiana. BY said corporate name
the said company shall have and enjoy succession
for the full term and period Of twenty-five years
from and after the date OF these presents, and
and be sued; to make and use corporate seal; to
hold, receive, purchase, lease, mortgage, hypothe
cate and ALLEVIATE or convey, under its corporate
name, property both real and personal OF every
description, including rights and credits; to name
and appoint such managers, directors officers and
employees as it's interest and convenience may
quire: and to make and establish, we'll as alter
and amend such rules and bylaws for the proper
management and regulation OF the affairs of said
corporation as may be deemed necessary and
proper.
The purposes for which this corporation is es-
tablished and the nature of the business to be
red on by it declared 10 be to acquire purchase
lease and construct, maintain and carry on
works to supply the city of New Orleans and
other cities and towns within the parishes of Or
leans and Jefferson, with water.
ARTICLE III.
All citations or other process of law shall be
served upon the President of said corporation.
ARTICLE ".
The capital 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 in in
staliments not exceeding ten per cent, at such
times as the Board of Directors may determine.
Said company shall do no act under the provisions
OF this charter until fifty thousand dollars of the
said capital stock shall have been subscribed for
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 installments
as of the amount of such instalments; and any and
all subscribers to the capital stock OF said com
pany who shall fail 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 or own together with
all instaments paid thereon, and such stock shall
be ressued and sold by the company for its own
benefit, well as all stock of the company, upon
such terms the Board of Directors may deem
for The best interest OF the company Each SHARE
of stock shall entitle the owner thereof to one
vote on all questions and cases or elections either
ARTICLE V
The affairs of said company shall be under the
direction and management of a Board of Direc-
tors, to be composed of five stockholders each of
whom shall own at least fifty shares of the capital
stock of said company in his own name and thew
shall be elected at such time and place shall be
named in the bylaws to be adopted by said COM
pany. majority of the whole stock of said
company shall be requisite to elect, and public
nsce 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
company, and hold regular meetings at such times
as they shall fix upon. majority of
said board shall constitute quorum for the trans
action OF any business; and they shall have
full power to make and establish as well as alter
amend or repeal such bylaws, rules and regula.
lions as may be deemed necessary for the regula-
ton and management of the business and affairs of
said company. Said Board of Directors shall also
nave full 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, to an amount not exceed
ing the capital stock Of said company. They shall
nave authority to carry into execution all the OBJ
lects and purposes of this corporations nominate
and appoint all officers. agents employees, fix
shall have and exercise such other and further
powers as may be conferred upon them at any
their first meeting they shall elect one of their own
number as president of the corporation who shall
preside at all meetings of said Board of Directors
Any vacancies occurring in their number BY death
otherwise shall be filled by election
DIV Inc DOdru 1Or tne period intervening betNaan
the occurrence of such vacancy and the next gen
eral election The first Board of Directors to serve
until their successors shall be duly elected under
the provisions of this charter shall consist of the
following named persons, in whom and their sue
,ess0rs all corporate powers of this corporation
shall be vested, viz: Joseph Hernandez Charles T
Howard, John Lockwood Joseph R. West and II
'. Barringer.
ARTICLE vi.
If at before the expiration of the tarm &c
wenty five years herein fixed for the duration of
al9 arg company, SIX or more of the stockholders
loldlng majority in amount of the capital stock
II this corporation shall desire to renew the cbar
er OF this corporation for a further term and anv
tockhoders should be unwilling to renew the
anne, those stockholders that may be UNWILLING to
enew the same shall be bound transfer the sbars
+ stock held by them to those desiring renewal or
xtension of this charter at the then marka+ valna
f the said stock; if the said stock sboniS
ot have known market value at thar
eriod, the value thereof shall be fixed
y Two appraisers, one to be chosen by the stock
olders desiring to renew the charter Of this com
any, and the other to BE chosen by the stock
olders who may be unwilling to renew the same.
mi IN the event of a disagreement between tbs
wo appraisers so chosen, said appraisers shall
moose an umpire, whose decision shall be final
mould TINS charter not be renewed as above pro
lded, then and in that event on the fourth Mon
ay before the expiration of said term of twenty
We years, or II sooner determined upon, a general
leetlng OF the stockholders of this company shall
e convened, after thirty days notice having been
wen In two newspapers published in New Orleans
winch meeting three stockholders, owning each
least NIFTY shares of stock in said company
nan De elected by majority of the stockholders
resent and represented, whose duty it shall he
no tney are hereby specially authorized and EN-,
owered to enter into and take possession of all
ne property and effects of said company and 70
qudate and fully settle the affairs of the said cor
oLation IN the manner prescribed by the existing
Thus done and passed. in nv Office a Naro
ans aforesaid IN the presence of Geo rye Cenas
nd Paul A Conand witnesses both of this Cit
no hereunto sign their names wi tn the maria,
ld me- the said notary the day and the date afcre
original signed: