New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-06-14
CORPORATIONS.
.......CHARTER.
NHAKTER. ..CHARTEh.
STATE Of LOUISIANA
PARISH OF ORLEANS CITY OF NEW ORLEANS.

PARISH W ORLEANS, ClGl Of NEW OhIEANS.
Be i: known, tina. on this twentieth day o. MAY,
in the year OF Lord, 1873 and % the indepsu'
denoe OF the Cuired States of America the ninety
seventh, before NE, Andrew Hero, Jr. notary pio-
iIc in and for the parish OF Orleans State of Louis
lana, duly commissioned and qualified. and IN the
presence of the witnesses hereinafter named and IN,
designed PERSONAL came and appeared the several
persons whose names are hereto subscribed, being
stockholders of THE vALLETTE DRY DOCK COM
PANY, duly organized corporate body of this
State, domiciled IN this city, created by an act
passed before Edward 6. G0ttschalk, late notary
IL this city, the sixth day of January, 1866,
which said appearers declared that after due and
legal notices and publications, genera. meeting
veled and held at the office of the Crescent
Mutual Insurance Company IL this city, being tne
place designated by the President Of said Vallette
Dry Dock Company, for the purpose or making
certain notifications additions, alterations and
OF SAID Va.lette Dry Dock Company as vel. as in
the act amendatOry thereof, passed before SeIm
Magner, late notary in this city, on the twenty,
fourth dav of July, 1852 and that at said general
meeting stockholders of said company. or their
duly authorized representatives. Representing nj:
teen hundred and thirteen shares Of The capital
stock of said vaIlet,e Dry Dock Company. being
more than three-tourtLs of the stockho. ders IL!
amount of stock. unanimously assented ana agreed
that the following changes OK amendments should
be made in and IL the SAID O,gna. act of incor.
poIation OF said vaiette Dry Dock Company and
the aforesaid ac: anendatory thereof. va;
ARTICLE II.
substitution o: the following, SO tAa. II WIZ Mere
after read and De as follows:
The purposes for which the Eal-ette Dry DOCK
Company is established. and the nature OF the
business to be carried on By the same are hereby
declared TO be the purci leasing and construct
ing. letting and hiring OF ITS Owno other DOCKS
and the building and repairing OF vessels OF every
description and fol- such other purposes a. are
belonging 81 incidental to such bus!nesa
ARTICLE III.
That said article be amended and charged by
the substitution of the following SO that 1t Will
hereafter read and be as follows VIZ
The capital 0: this corporation shall De tine
sum of one hundred thousand dollars, to be repre-
sented by two thousand shares Of fifty dollars
each and to this END and purpose each and every
certihcate at present outstanding for share OF
hundred dollars OF stock IN the said Ealiette
Dry Dock Company shall be delivered up, ana can
Ceed, and the holder or owner thereof shall re-
ceve in lieu thereof certificate for . share OF
fifty dollars"
the substitution of the following that i. vii.
hereafter read and be as follows, VIZ
All the corporate powers OF this corporate
shall be exercised by and vested in a Board of
Directors. consisting OF i've stocklolders-one OF
tion-to be chosen by ballot at an annual meeting
OF the stockholders the third Monday OF MAY OF
each and everv year. Sad Board OF directors shai
continue office until their successors shall have
been chosen shall elect appoint such Ofctrs as
the interests and convenience OF said COMPANY
may require, and fix determine al salaries and
shall make and establish, as well as alter or amend
at pleasure such bylaws, Iules and regulations
for the purpose o: mana cement and regulation OF
the affairs Of said corporation. as the said Board OF
Directors may deem necessary OK proper. Sale
Board of Directors theic first meeting shall elect
one or two managers, as to the said board shall
seem meet, whic. said manager or managers snail
have charge o: the doc Ks and Yards ana purchase
a.. ferals for CARRYING On the business OF the
cs vvoIkmen and laborers employed III the yard
and docks, and Tx the rate of wages OF al such
work.le- and iabOrers as well as discharge thelG
at viii; also collect all amounts due to the sad
COMPANY. pay all those Cue ny tAe sanl.
keep a.. account III some chartered bark IL
New Orleans (apprOved ey the Board .! bitect.
Ors III which al- moneys received for account OF
the company. except 1t may be small sums needed
TO. daily business. and draw suci. money OFT Of
such bank only Oh checks signed by Ole OF said
ma gers and CoUuters!Sned by the secretary OK
tt. company. All notes o; tie corporation. mus.
b. ened by the president and one OF the mana
gers ami il shall require vote OF toui-ntths ."
sad rec tors to lease said company docks There
shall be monthly report from the managers to
the board OF directors Of the business o, SAD COM
;anv. with balance sheet showing a.. the trans
actions OF tae company 70: tIe month past, WHICH
shall be subject to the supervisor OF tie directors
and the future control OF the board. The said re.
port and balance sheet. Wit. the action OF the
board tlle-eoa siia. be copied into book pre-.
pa-e,i TO, I'll at purpose and the same shall he at
all times subject to tie inspection o. any stock.
holder. There shall be secretary OF the company
who shall also be its book keeper chosen annually
Ivy the Aforesaid board OF directors. He shat keep
e-rlar set Of books, in which entries shall De
made Of ali transactions OF the corporation. He
shall also be secretary OF the board OF directors.
ARTICLE VI
Tha. said article shall be amended and changed
by the substitution OF .he following. So that !. WI.
hereafter read and Ie As follows, VIZ
Zach Of the subscribers hereto and every other
person VINO shall. become a subscriber Or etcck'
fo!!r: III accordance with this charter shall be en-
titled 10 vote, either II. persO: Or by proxy
for every share of stock held by him her. It or
them all and every meeting OF the stOc kLoiGers
OF this company.
ARTICLE VII.
AID that IN said article seventh in order TO cor.
respond with article hita, as herein a:nendtd ne
substituted therefor, 50 as to make tho same here
after read ON the third Monday OF May of each
year. III lieu of 1.-The second Monday of May"
Wherefore, the SAID appearers eacl! representing
the TIMBER of shares OF the capital stock OF the
said Val!ette Dry Dock Company set opposite his
it. or their respective names signatures hereto
| and together owning more than threc-fOurths in
amount of the capital stock thereof, hereby form
ally &C knowledge and declare that the above speci-
| fed notifications. additions, alterations and
| CT sand vaiette Dry Dock Company and the act
ameadatory thereof afOresais, have been duly
made and adopted. Said articles second, third
fifth sixth and seventh thereof have been changed
OF anne nded to hereafter read or he as herein
| before specified; ard they hereby authorize and
require tie same 10 be recorded and published in
the manner required by law, to the end that the
said alterations, changes, additions OK modinca-
| tons shall hereafter be binding upon them, and
all such Csher persons as may hereafter become
stockholders of said Val!ette Dry Dock Company.
THUS done and passed III my once, al New Or
leans aforesaid, in tie presence OF Me5srs George
Ceuas and Paul A. Conand, competent witnesses,
both of this city who hereLn:o s.I. theiI names
with the said parties AID me. notary. On the day
and year Aforesaid.
Original signed:
Shares.
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