New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-05-16

and i IS contemplated ard agreed Cha! :or :he
PURPOSE Ct exteI"!;S sal'! road through feclty
.! CarrOlItoD, books OF subscription sha! be
opened to Increase said capita. by adding theret to
one hundred and fifty thousand dollars, divided
into three thousand shares Of fifty dollars each.
witch sEa.: be paid Up by the subscribers al such
instalimeufs, maDI.r. terms AID conditions as TIE
Board O! Directors shall det. rhine by iesoiuiior..
and as soon as The same shall have been subscribed
and fhe Ugh? .: way ia CarrOlitOE SHAH have
been obtained. the capital ~ said con paw snal.
be- actually and detLi!lveiy increased I" ibc ude
capi'a! O.: said com paw :wO iund,ed and sixty
thousand dollars, divided into i've :hoasanu Two
E,indTed shares @: fifty dollars each.
The Beard Of directors shall have power toes.
c2bl!sti E,les and by Laws. ascending TO which alT
share OF shares upon which Sny .AstaNmeE: shall
Iemain uveIdae .hiyty days shall lie ..tLer :or.
ieI'ed 20 Tie company Cr cod Tor account ii The
delinquent. No certificate OF stock slia he !ssu.d
anti! :!e tul! am'nht tlereo1ls ?anl, and al! tIars-
:eI. sEa4t be n ade according 70 the sui.s and by
1--we - ts established by :he Sc":6 81: bI..:.Is.
ARTICLE II.
Tie r,a,i If Dir. c.o,- shall be con, o..f %: :he
seven above named stockholders, W O .ha!! im,u..
d,stely enter upeE the exercise u: .iei- powers
and duties, ard .~"n:i..~ j! Office ~! :Le.r -a:cts
eo!s aIt ~ttC:tt1.
ARTICLE w.
or .he Hrse Icrniav in Nav. is:l. AZ: an, IA Y
thereafter, there shall he an election ct the sesen
directors bv the stockholders: s!ch elections s!;dl
he he'd at the office OF the son PAM. ard notice
thereof eiia!. he = VIZ %. puhiicat On il at least
two daily newspapers. Iui' !shed ~ 'he civ {:
New Orleans ios Act !sss Ira. .e. days previous
thereto.
al all elections o. genera meetings Q: the .foc;.
tcide:s each stockho!ler sh.,! he EMIT ed 70 one
vote :or every share "i stock owned hv him, ard
to ca s.. the said eO.e III person or 10y proxy: and,
except when OH T"ise required by law, "a lu..
ioIi:y Of the votes Gas: .halI decide a.! Zee.
lions or question.
In el.t:Ions, the vote sla: b. ~ :s rio.. ar:
under the superinteuce Of Two stakeholder rs aI-
pointed hy the board, or + the persons thus al.
pointed should refuse or Ia !! to attend, the Pres.
fiSIS sta!i GnDDlnt DINERS III eISlT STE al. or 4 the
President IS absen: OF Onits 10 make The aIpoii:.
nent, IL may he made by a majority o! tEt s:cc..
holders present at the opening.
II from any cause an election should fai' on TIE
iay appointed She President SEai! :,Ethwi.t. c.r
az other meeting at ten days, notice. above pro-
vided. for the purpose OF effect hg ga Il election.
and continue to do 50 anti! a valid ..cilCn o. IL
majority Of tie number OF dIec!c's s.,a!i he I'D
Such majority. when elected, sia meet on III.
first Monday fu! owing tieii .cti ~. a d ,lo. eco
.olh! up their number nv EJECT gu. - bIO. lee.
Tor in the II. x; article in ease C =. AMY. 80. .u
organize Ivy the election OF a PVet is-u-.
ARTICLE vI,.
TIE Board Of directors ti,ai U.,t IN .lr ,....
Monday following then election. aLG al til-,. tirs,
meeting shali elect d President ron oue OF t.. e
u mber. who shal! be also Preside Il. OF SAID con.
pan,. IN case OF tie .h-ence, direct interest 4
The Beard shat! elect a President rIo It pore, whp
sh. ' exercise all :he powers AID FUN all the
du.ie. OF the President mil Che. latte: shall .e.
sumo his functions or be replaced. A majority OF
the members o: the Board, countTg She President
or Presid-r, pro tempore as one. shall constitute
quorum. and the vote Of a majority Of ..ch .uor.m
sinai. constitute q valid corporate act.
They shall haze power to ii! by election any "a.
cancy that may occur IN :hsis own AUnltt ht.
tween regular elections they sal. eject al .tfi GERS.
detue the tx tiei! sa.aiies and the amount
of theiS bonds. enact such bylaws. regulations.
rules and o,'iinanc's as they. mn; deem, Necessary
for the good government al: welfare ali! suppoI:
of the corporation, and of rs affairs and Vroper,y.
and may ,l~i- gate :" The President. or 10 commit.
tees ot their owl, body. or 20 officers. agent. or a..
iOrItys in or suf Ot the state, such MOWERS ms they
may deem expedie EN- and not i4consisteI : will tie
corporate powers ~ the company; all officers, EN-
pioyes or servants If the company shall he Yenov-
able at viii. except the presiC ent. Each Board Il
D1 ectors shall no d over INIT! :IeiT .Ic.4,s... are
GUly elected and organized.
ARTICLE X.
No s.Urki.ld.g IN this col ~pora,ion shal. .v.g lie
hid liable Gg responsiele for the contracts or
faults of : e Company il any further sam than the
unpaid balau.. due TO :le company or the shares
owned by him, nor shall any mere informally in
the organization have thr effect of render ny ths
charter nun, or OF exposing a stOckholdeg :. Auy
Beyond the aI.iourts: lis stuck.
ARTICLE <.
Tie coYpc,a:ion shall g" INTO operation imusJ.
ately, ard this 'hart.: shal. endure ard continue
tor the tern CT twenty i've gears from This date:
bat said chartts may te amended d. modified or ais.
solved by the consent OF the holders of three
fourtlis of the stock represented at a general meet.
ing convened tor that purpose. such meeting NAV
be called by a vote of five members of the Board
o: Directors, or at the request. in writing. OF stock
li4utfS D4ulh LF-lHIis sI Inc IuLlDtI OF sldIts
issued ard outstanding. Thirty days previous no.
tice. by publication III az least two daily newspa-
rpers pub. shed III thls city, shall be given OF such
meeting, and the general object thereof, whether
to amend Cs 20 .d.so.vt, si.al. BE stated IN such
notice.
The -o.-s.t .he s.cckholi..s FOR o, ac.irs. an~
proposition to amend az dissolve shall he recorded
in writing. and the list. for recording such votes
shall be closed in at lsas: ten DAYS after III. day
appointed ftr the genera! meeting. Should three
in amount 81 the whole humber of share.
vote fog any proposed !Nea .uTe he lets NAV .Uuv-
Glatfly tt c."ssd.
ARTICLE ~.
The i. uidaffCn 81 :l- affairs Of :le eG.p.ra:oc,
dissolved BIZ limitation or by a vote -; the
shall II. made by three commission
elected b. the stockholders from among their
members. II the liquidation takes place by
limitation of 'he charter. said commissioners shal.
be elected Oh tne dav fixed Tor the las. election OF
and y K axes place in consequence of 8
vote OF the stockholders, then they shal. be elected
at . meeting called within :lve days after the clos
ing OF the vote. and after due publication of ten
days nO:i-e in at ieas: Nv" day II. aspap4rs pub
IN New Orleans.
Before eltctOn the oCYtensapio. Of .aid rom.
rHissiCners shall be fixed aud tine terms and mode
Of liquidation shall te determined at the meeting
at which they ale elected by a majority of the
stock present or repre scented. The general meet
ing may authorize the commissioner TO sell the
property andNranchises of the COMPANY in block.
This done and passed IN nv office. at the said
:ity of New Orleans, IN the presence of Martin L.
ainsworth and Theodore Hermann Kook, witnesses
# lawful age, and CoMIcilIated in this citv. who |
l-reunto sign their names, together will the par -!
les and me, the said notary on this sixth dav Of
be month of May. IN the year of our Lord one |
thousand eight hundred and seventythree.
Origina. sisusG: GsoSgs Neyz. George We.se. |