New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-05-18

Total. Observation-Disclosures. 11ho S!iur"
And i, is contemplated and agreed that for the
prItnsr ii exter.iIg said road through the CITY
OF Carrcl!:on. hooks OF subscription shai be
opened to Increase said capita by adding thereto
one huDd;ed and fifty Ihousani dollars. divided
into three Thousand shares q: fifty dollars each.
winch sha!. be paid up bv the E bscrlbers al such
installmeu:s. mann.r. terms and conditions as tie
EGart. ef Directors shall! determine 10y resolution
And as tie same shall have been slbscrl bed
aid the right CT way ia CarrOii.on sinai! have
been obtained, The capital o' said con pany shal.
be actually and defI.lirely increased :" inc uds
said aaGt!cna! sam. thereby making tie total
cap!'a! II said company two hundred al! sky
thousand dollars. divided into hve IhGasaId Two
hundred shares ii fifty dollars each.
.'ne Beard of directors sh.ll have fCw-. 20 es-
!ah,ish rules and by laws. according to which any
share shares upon which any installmeLt SHAH
remain overdue thirty days shall be ether for
fei'ed TO the company Q: sold for account ~ 'he
define !-n'. No cert ica'e O. STOCK sha! b. Issued
until the il amount th.reofis paid. and Al! trans
shall b, made according /" the rules and by
laws 70 he established by Tie Board q! VTtc:.Vs
ARTICLE 81.
The Eoaid u :'i:.c'ors shall t- composed Of the
sever abo7. named so. ihoaere, W. siai inlnle-
dlately enter Hrou Vie exercise q. !he!r tweIs
and du:.s auG continue IL Office -. :..T -s:css
su:s ait t!tcted.
ru&s e frs. Monica, j, Nav, :G7i, an: anuHai =
thereafter, there shan he AZ election OF tie seven
DIRE c.urs ov the stGo holders such elections shall
he he'd a. til. office OF the company. and L"iice
thersc. shal! he gwen bv publication il! al least
two daily L."spapels. pub isLed i'll the city Il
New Orleans :oy not less :lau ten days previous
thereto.
At al! e ctions or general III. e:ings Of tire stock.
bOllers zach stakeholder III Ill he eItite 20
vote for every share IF stock owned by hlm. and
20 cast the said vote III person or by proxy; and,
except "h.H o.h.rwlse required oy law d ma
ority OF tie votes cast sbal decide al tlec-
lions Or questions.
In elections. the vote sbaa; DE ty ballot, and
under the superDteNce. OF :wo stockholders ap.
pointed by the board, or If the persons thus ap.
pointed should refuse tai to attend. the Prtsi.
dent shall appoint others in !heir stead If the
President rs absent OF Omi.s 10 make the appoint.
pent. Il III " be made by majority 0: the stock.
holders present at the opening.
II floin any cause an election sho.'!d fai, on The
Gay appointed fhe President thai! forthwith call
al other meeting at ten days notice, above pro.
ydeG, fer the pnrpcse o! edecting Sd d election.
and continue to do go until a valid election of a
j"T.:y Of the number of directors shall be had
Such MT oTitv. wien elected. shal! meet on til.
first MONDAY f"l owing ;hei. election and proc. ed
10 I'll. % their numbey BY election, as provided
to. the next tirle III care OF vacancy. and 10
orsaLi1- 10y tie election OF :. !'res.'!tA'.
ARTICLE VIII
TIE Board Of Directors shaii meat cr .h- mex.
M.nLa, FOL owing their election. and at then first
meeting s',ail elect a PresiceFt from one OF their
II rIUer, who shall be also President: al said cen.
ran,. In case Of the absence. direct .ttrest III
,ut slou other iuab:iy OF tie President to at.
The Beard shall EJECT President pro ten gore. who
sla exercise all the powers and fulfill aH the
duties of the Pr. siCsnt .atIi the latter shall re-
sumo his fun i0Es or be replaced. ma OI:tv OF
-te mt I'll beIs Of tie Board cOun:iI the President
or Preside nj pro tempore as one, sl Ill constitute
quorum ard the vote of ma jvrty OF SIX quorum.
shall constitute a valid corporate act.
They shall have power 10 f.! by election any ga.
canry that NAV occur thti. own number be-
regular eectipne; they snail elect ali officers,
detnt their duties fix thei, salaries and the amount
of their bonds enact such bylaws, regulations.
rules auc OF dinances rs they may deem necessary
for he good goveI nIleIt and welfare aud .upport
the corpoi alton. and of its affairs ana uroper:y.
Il. y pra
tees OF their body. or to officers agents or at
Iorieys N OUT OF the State. such powers they
may deem exped'ent and not i.consis:ei with the
corpUIate powers o: the company: al officers en-
Iloyes or servants Of the conpan, shall he remov
;able at will! except the Pres. ent: Each Board OF
Directors shall no over until their s.c. esso:s
Gulv elected and organized.
ARTICLE Iy
No stakeholder IN this corporal on &hai ever le
h"ld liable responsible for The contracts
taulls OF company i'll any furthe sum than The
owned by him, shall any mere ln;orrrali;y III
the gan;zstIon have the effect of lender thie
charter null, or OF exposing stockholG.T TO any
liability beyOp! the amount Ct his stock.
ARTICLE X.
This corporation shall 60 INTO operation mrnedi.
atei, and this charter shall endure ard continue
tor the term of twenty five years from this date:
but said charter may be amended modified or dis.
solved by the consent of the holders of three
fourtts of the stock represented at general meet
ing convened tor that purpose. such meeting may
be called by vote OF i've members CT :he Board
of directors at the request. in writing CT stC. k
holders holding one-third of the Lumber of shares
Issued ard outstanding. Thirty DAYS previous no.
tiee, by publication III at least Two daily newspa-
pers published il this city, shall I've given OF such
me etirg, ard the general oaj.ct Thereof whether
To amend y1 To dissolve, shall lie s'ate.. il. each
notice
I he votes Of .he sto, kholders for 81 agans. anv
proposition to amend dis solve thall be recorded
In writing. and the lists for II oid.ng such votes
shall be closed il least ten days after the day
appointed u the general meeting. Should three
four lis in amount Of The whole IuIlhtr OF shares
vote for any proposed measure Tie lists may imme
dlately be closed.
ARTICLE ~.
The ,lquiia.ic Of The affairs Of the corporal on
whether dissolved BY limitation by vote O: the
stockholders, shall be made by three cOnlm!s sioE
ers elected by the stock holders from among their
own members. If the liquidation takes place By
limitation of the charter said commits toner's shall
be elected tine dav fixed for the last election Of
directors: and il il takes place in conseo uence of
vote OF the stockholders then they shall be elected
at meeting called within five days after the clos
ing or the vote. and after due publication of ten
days nOtl'e in at least two daily newspapers pub
!ished IN New Orleans.
before t!ecton me compensation OF SAID COM
missiOners shall be ixed and the terms and mode
of liquidation shal! he determined at the meeting
at which they are elected by majority Of the
stock present or 70 pre- scented The general meet
ing may authorize the commissioners to cell the
property and franchises of the company in block.
This done and passed in my office, at the said
city of New Ole aus. In the presence of Martin L.
AinswOrth and Theodore Hermann Eock witnesses
Of lawful age. and dOmiciliated in this citv, who
hereuntO sign their names together wi h the par
ties and me- the said notary, this sixth day of
the month Of May, in the wear of our Lord one