New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-12-14
60. CORPORATIONS.
~ ''''''''''.......... ..CHARCRR
UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
WI1 w NEW ORLEANS. PARISH or OBJ n Aua

S~AihD bIATES OF AMERICA
STATE OF LOUISIANA
0rf OF NEW ORLEANS. PARISH OF ORLEANS
49, DC n Known that on this tweuty.s,xtb d.v y,
Der In the year of our Lord one thouss y,
maud Pilot notary ar s nnhI1y thres before me-
xUn. Ia ana for he parish and CITY af resaia
nse.es h rrsnning and in the presence of the wit
Suy came and appeared the parties whcse y. 49, ~
eteso subscribed, STIMULATING for thsmsaIvas a .
avn;i", Mnom they represent. who declafed that
@rsn.S; themselves of the rights and privileges
Eanteo hy and contained in the pro risians Of r.
s.aIutes OF the State Of Louisiana relative tn the
nave cnvannn OF corporations in this State, they
ILLS covenant agree and bind Themselves and
;rt~ Snom tiiey represent, n form Themselves
IuuO ana constitute a corporation for the ob;ect
and purposes and nnder the stipulattons sSyes
rIntS and regulations hereinafter set FORTH, 10
Name, DomiciIe. Term and LexaI Repre.
scntntiOn.
the name ~ d style of this association sha,I ba
rnh LaBORlEG HOMESTEAD AND CO.OPERA
I've danf; ASSOCIATIONS OF LOUISIANA. It shall be
o'ty OF New Orleans. State of Louisiana
ARTICLE H.
Functions and Powers,
This corporation shall have power and a,tho-,+x
~ oiuoy ahd 10 nave succession, by its corporate
name Tor q period OF twenty. five years from the
GATE thereof; to contract, sue aud be sued in ifs
corporate name; to make and use q corporate seai.
70 hoid, receive, purchase or other wise acquire
ana 10 sell mortgage or pledge, or otherwise dis.
Pose OF, ana to convey under its corporate name
property both real and personal to loan money on
mortgage or pledge OF real estate or personal
rectors. officers and employees as its interests and
oOnveniehces may REQUIRE and to make and estab.
itsh such by Laws Tor the proper management nj and
regulation OF it's affairs may DO necessary and
proper.
ARTICLE I'LL
Objects and Purposes.
The object and purpose of this association are
hereby declared to be he following. to-wit:
\. 10 enable residents of this State TO acquire
3 To establish many stores as this association
may think proper for the benefit of the stockh0ld
ers of this pany.
To hold, receive puri base and acquire, under its
corporate name. property both real and peIs onal,
to subdvde iutd lots ali lands thus held and ac.
CURED, 10 build upon improve, lease sell or other
wise dispose OF, and to convey the same and to
tease or sell any other lands that may be held by
said association, either under act OF procuratOn
other agency. To make advances on real estate or
other satisfactory securties any person. for the
purposes set above, and generally to do and per-
form s'l other acts aud tram act all other business
aOt herein provided for. and which may be neces-
ssry TO carry into fai. effect the objects and pur
poses of this organization.
ARTICLE Nv.
Capital stock, shares, Etc.
The capital stock of this association shall be
FIVE hundred Thousand dollars. with the privilege
to increase the same at any time: The five hun
drod thousand dollars 10 be divided into fifty thou
aand share, of the par value Of ten dollars CHI,
and Cert ;hcates for the same shall be issued only
upon their payment in full One-fourth of each
subscription shall be payable at the time of said
three equal installments fixed on the frat MoA-
dsgs OF March, July and November.
ARTICLEv
Transfer of shares,
Shares in this corporation may be- transferred by
Endorsement and delivery of the certifc ate there
Of such ndorse Hent being by the signature of
the holder BY his her attorney or legal repre-
sentative; but such transfer shall not be valid for
any purpose whatever, except between the parties
thereto, until the same shall have been entered on
the books of this corporation, so as to show the
names of the parties by and TO whom transferred.
the number and designation OF the share shares
and the date OF the transfer.
ARTICLE W.
Time Of CONNIE scing Business.
This association may commence business rs soon
fifty thousand dollars of the capital stock shall
have been subscribed for.
ARTICLE VII
Limit of Stockholders Liabilities.
Nc stockholder shall in any event be made liable
beyond the amouat of his su ipton to the CAPT
tai stock his Indebtedness to the association;
nor ehal any mere informality in organization
uave she effect of rendering this charter null or of
exposing a stakeholder to any liability beyond the
amount Of his stock.
ARTICLE VIII.
Delinquent Stockholders.
All shares of said corporation shall remain
pledged to said corporation until their final pay
ment and in case OF non payment of any Install
ment due on sad share OF shares as required by
the present charter. the deliug uent st0ckholder
shall lose all his privileges aud acquired n. ghts
sultng from the same and from his subscriptions;
and in case of failure the part of said delin-~
% Mt stakeholder, after thirty days notice, to
90 npy with the requisites of the present charter
the company shall have the right to sell said share
or shares so pledged, without the intervention OF
eoHrts of Justice.
ARTICLE TX
Corporations Subscribers.
Corporations may become subscribers to the
stock OF this association.
ARTICLE X
Board of Directors.
All the corporate powers of this association shall
be exercised, and all its business managed by a
Board of Directors. composed entrely OF stOckhold
ness The said Board of Directors shall be chosen
and constituted as follows. TO wit: On the third
Monday of December, 1876. aud everv q hree years
thereaf er, tho stockholders shall convene at the
OH co of the company i'll New Orleans, and elect by
bal OF otherwise. in person by proxy nine di-
rectors, residing in the city or New Orleans
The board shall proceed Immediately upon their
election, to nominate and appoint the officers al
provided Tor in article eleven of this charter
ANY vacancy occurring in said board from any
cause whatever, shall BIZ filled by election by the
ultecInIS, ana any director 1atling TO
perform the duties Of his posi-, in the board for
the period of three copse cutivSs months NAV be
considered, by vote of the board, to have vacated
his seat, and the vacancy filed as if he had re-
signed.
ARTICLE XII
First Bonrd and First Corps Of Ofacers.
The followiD named stock oIdsrs shall comsti-
tute .he hrst Board OF Directors, who shall hold
their Office until the third Monday of December.
1910. or until their successors shall be duly elected
and qualified, TO wit: Jules Tuyes, Emile DeBuys,
Jean Langles, Alphonse Tertrou Charles Nathan
Dan geville L. kerni0n r. Cyprien Ricard Aristide
Gerard and William B. SCHMIDT and the following
named persons shall be the officers for the same
period. to wit: A. Gerard, president; z. DeBuys
wee president; Dusuau Halphen, secretary, and
ULCER Lauve treasurer.
The Board of Directors shall have power to elect
or appoint such other officers and employees may
be required for the transaction of the business of
the company they shall also h ths CONDENSATION
of sslsred officers and employees; they shall have
power TO remove any person appointed by them
for neglect of duty incapacity malfeasauce in
office, or for any other that may Justify such
removal, and they shall have power 10 supply any
vacancy that may occur in their body by death,
resignation or OF herwise.
ARTICLE XII.
Election Of Directors.
At the time and place fixed by article ten OF this
barter ali election for directo. shall be held and
a plurality of votes. counting vote for every
share stock voted on, shah be suffice ut 70 elect
provided that one stock holder shall be entitled
b cast more than Ii ve hundred votes at aay one
time either as proxy otherwise. failure to
elect directors the day aforesaid shall not dis
solve the associat ioA but the president hall
another s,lectlop to be held within thirty DAYS
thereafter, giving notice OF the by svertisng
N one or more OF the newspapers published III the
atty OF New Orleans
. ARTICLE KILL
Sab Directors.
Por each of the country parishes a board of sub.
directors consisting of one member for every five
hundred shares subscribed IN that parish win be |
s&ected by the stockholders of that parish at the
date and place designated by the general board,
who will serve for one year from the date Of their
SECTION.
said sub-directors viii correspond directly with
he general board, giving information which NAV