New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-22
New Orleans,
CHARTER,
CHARTER
STATE OF LOUISIANA, PARISH OF ORLEANS
AND CITY OF NEW ORLEANS.

QUARTER. .....................C HAhTEh'
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
of the United States of America the ninety.nfth,
before me, Andrew Hero, Jr., notary public III
and for the parish of Orleans aud city of New
Orleans, State OF Louisiana, duly commissioned
and qualified and i'll the presence of the witnesses
hereinafter named and undersigned, personally
came and appeared the several parties whose names
are herepnto subscribed, who severally declared
that avaiiug themselves of the Law of the state OF
Louisiana relative to the organization OF corpora
lions works of public improvement and for other
purposes they have covenanted and agreed, ana
do by these presents covenant and agree and Dhd
themselves, as well as such other persons as may
hereafter become associated with them to form
and constitute corporation and body polite III
law under the following stpulations 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
shall have power and authority TO contract, sue
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 ana convenience may re-
quire: and TO make and establish as well 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
tablished and the nature of the business to be
red by it, declared TO be to acquire purchase
or lease and construct maintain and carry on
works 70 supply rns cry OF tb New Of a3 ono
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
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
stallments not exceeding ten per cent, at such
times 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 i'll two news
papers published in the city of New Orleans, of
the time and place of payment of installments
upon the capital stock of said company as well
as of the amount OF such instaments; and any and
ali 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
be reissued and sold by the company, for its cwn
benefit, as well as all stock of the company, upon
such terms the Board of Directors may deem
for the best interest of the company. Each snare
OF stock shall entite the owner thereof to one
vote on all questions aud cases or elections either
in person or by proxy.
ARTICLE v
The affairs of said company shall be under the
direction and management of Board OF Diree-
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 they
shall be elected at such time and place as 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
n-tice shall be given of the time and place OF said
election by advertisement during ten days in two
ne wspapers published in New Orleans. Said Board
OF Directors shall transact the business of said
as they shall fix upon. A majority OF
said board shall constitute quorum for the trans
full power to make and establish as well as alter
amend or repeal such bylaws, rules and reouIs.
ton and mans cement of the business and affairs of
said company. Said Board of Directors shall also
have 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 otherwise to an amount not exceed.
ing the capital stock of said company They shall
have authority to carry into execution all the OBJ
lects and purposes OF this corporations nominate
and appoint all officers, agents or employees fix
their salaries, and dismiss them at pleasure; and
powers may be conferred upon them at any
regular or special meeting of the stockholders At
their hrst meeting they shall elect one of their
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
resignation or otherwise shall be filled by election
by The board for the period intervening between
the occurrence of such vacancy and the next zen
era election. The first Board of Directors to ssrva
until their successors shall be duly elected undsT
the provisions of this charter shall consist of the
following named persons, in whom and their sue
$50
snail be vested, viz: Joseph Hernandez, Charles T.
toward, john Lockwood. Joseph R. West and H
ARTICLE VI
If at or before the expiration of the term of
twenty-five years herein fixed for the duration of
sald company, six or more of the stockholders
hoiul1lS majority in amount of the capital stock
t TINS corporation shall desire to renew the char
Ter OF this corporation for further term and any
'tockholdefs should be unwilling to renew the
same, those stockholders that may be UNWILLING IN
renew the same shall be bound TO transfer the shares
u STOCK hed 6y them TO those desiring renewal or
extension OF this charter at the then market value
of the said stock; or if the said stock should
1 not nave e., known market value at that
BY two appraisers, one to be chosen by the stock
holders desiring to renew the charter of this com.
Dany and the other to be chosen by the stock
holders who may be unwilling to renew the sane.
md in the event of disagreement between ths
wo appraisers chosen, said appraisers sbaT
,hoose an umpire, whose decision Shall ha &c
should this charter not be renewed as above mo
,lded then and in that event, on the fourth Mon
lay before the expiration of said term of twenty
i've years, or if sooner determined upon genera
meeting OF the stockholders of this company sLai
'e convened after thirty days notice having been
'lven in two newspapers published in New Orleans
VI when meeting three stockholders owning each
Il least fifty shares of stock in said company
hall be elected by majority of the stockholders
PRESENT and represented, whose duty it shall be
ma they are hereby specially authorized and EN-
powered to enter into and take possession of ali
ne property and effects of said company and to
lqudate and fully settle the affairs of the said cor
'oration IN the manner prescribed by the existinr
avs of this State.
Thus done and passed, in my office at New Ov
cans aforesaid, III the presence of George Cenas
md Paul A Conand, witnesses, both of fills civ
Who hereunto sign their names with the nartiss
aid. ~ ~ u''e a'oAe-
Original signed:
CHARLES 7 HOWARD
Holm TOcVu1nan- Ah'Ob