New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-19

ALCEE ]. KER,
f. ID, SEGHERs.
Notary Public.
ROBERT J. KER,
srrss's - s-ss's s.ssA Notary Public.
l. the undersigned Recorder of Mortgages in
and for this city and parish of Orleans, do hereby
certify that the foregoing act OF amendment mas
this day been duly recorded in my once, IN the
margin of the original act of Incorporation OF the
New Orleans Hydro Carbon Gasight company,
which act is recorded in book society NO. 8, ioho
24.
New Orleans. July l, 1871. jyz II 20 81
CHARTER. .....................CHA CHARTER.
STATE OF LOUISIANA, PARISH OF ORLEANS
AND CITY OF NEW ORLEAsS.
Re it known, that on this twenty,fourth day OF
June in the wear 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 puDhc III
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
hereunto subscribed who severaiy as ta of
Louisiana relative to the organization OF corp9ra-
lions for works of public Improvement and for otneI
purposes, they have cOvenanted and agreed, anu
60 by these presents covenant and agree ana Dlnd
themselves, as well as such other persons as may
and constitute a corporation and body polite IN
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 domicile 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 a corporate seal; to
hold receive, purchase, lease, mortgage, hypothe-
cate, and ALLEVIATE 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 its interest and convenience may re-
quire: and to make and establish, we'll as alter
and amend such rules and bylaws for the proper
mana cement and regulation OF the affairs of said
corporation may be deemed necessary and
h''fs'' ''1'- ARTICLE IL
The purposes for which this corporation is
tablished and the nature of the business to be car
red on by declared TO be to acquire purchase
or 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 ILL.,
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
staments 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
upon the capital stock of said company as well
as of the amount of such instalments; 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
all instalments paid thereon, and such stock shall
be ressued and sold by the company, for its cwn
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
in person OF by proxy
ARTICLE v
The affairs of said company shall be under the
direction and management of 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 they
shall be elected at such TIME and place shall be
pany. majority of the whole stock of said
company shall be requisite to elect, and public
nstice 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
as they shall Fix upon. majority of
said board shall constitute quorum for the trans
action OF any business; and thew shall have
full power to make and establish, as we'll as alter
amend or repeal such bylaws, rules and regula
tions As may be deemed necessary for the regula
ton and manag 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 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
iects and purposes of this corporation: nominate
and appoint all officers agents or employees fix
their salaries and dismiss them at pleasure; and
shall have and exercise such other and further
powers as may be conferred upon them at any
regular or special meeting of the stockholders. At
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,
resignation or otherwise shall be filled by election
by the board for the period intervening betN cen
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
me provisions OF this charter shall consist of the
following named persons in whom and their suc-
cess0rs all corporate powers of this corporation
shall be vested, viz: Joseph Hernandez Charles t.
V. Barringer
ARTICLE VI
II at or before the expiration of the term of
twenty-five years herein fixed for the duration of
SAID company, six more of the stockholders
holding majority in amount of the capital stock
OF this corporation shall desire to renew fine char
ter OF this corporation for further term and anv
STOCKHOLDERS should be unwilling to renew the
same, tnOse stockholders that may be UNWILLING to
renew the same shall be bound transfer the shares
OF STOCK held by them to those desiring renewal or
extension OF this charter at the then market valve
OF the said stock; ii the said stock shouId
not nave a known market value at thar
period, the value thereof shall be fixed
by two appraisers, one to be chosen by the stock
holders desiring to renew the charter of this com.
pany, and the other to be chosen by the stock
holders who may be unwilling to renew the same:
and in the event of . disagreement between the
two appraisers SO chosen, said appraisers shall
choose an umpire, whose decision shall be final
should this charter not be renewed as above Dro
ylded, then and i'll that event. the fourth Mon
day before the expiration of said term of twenty
nve years, or If sooner determined upon genera
meeting OF the stockholders of this company shall
gwen 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 it shall he
and they are hereby specially authorized and EN-
powered to enter into and take possession of all
the property and effects of said company and 10
hqudate and fully settle the affairs of the said cor
poratlon IN the manner prescribed by the existing
laws of this State. y '''7
Thus done and passed, in my office at New Or.
leans aforesaid, IN the presence of Ceorce Cenas
and Paul A. Conand, witnesses both of t5is citv
who hereunto sign their names with the nartiss
said - 1910 viz oa'e aAoAe'
Original signed:
CHARLES T. HOWARD
JOHN LOCKWOOD