New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-05-30

And il is contemplated and agreed ina: for the
purpose of extendia. sad road through the city
opened to increase said capital by adding thereto
one hundred anu atty ylcusahd dollars. divided
into three thousand share. OF hity Hoiiars eachi.
installmen.s manner, terms and conditions as the
Board At Directors shall determine. by resolution
And as soon as the same shall Eav. been subscribed
and the right 1T way i'll CarToilton shall have
beer ebt aued the capital OF said company shall
be actually and deiniti-elT increased to FAC ude
said additional sum, thereby making the total
capital of said company two hundred ana Sixty
thousand dollars, divided into five thousand two
hundred shares of fifty dollar. each.
The Board 0: Directors shall have power 20 e.
tabiish rules and bylaws. acco1din. 20 which any
share shares upon which an; !lstai-inent snall
remain overdue thirty days slal! be either TOY
feited TO the company sod tor account OF the
del:nauent. No certificate OF stock shS: De Issued
Intii the full amount .her-ofs paid and all trans
fer, ST all be made according to the rules and ny
laws 10 be established bv the Bos.1 .: D.ieesolA
.RTICLE VI
The Board Of Director. shall be composed OF the
seven ahov. named s-oc .hcl'ie.s wlo sAai! imme-
,iIat-.y en.e: ,lu0u -Ge exercise OF taei' powers
aud duties. aud Continue IL ou.te u! !-s:: s1cces
'V' iR..ciE:E
On -. s;s. N,uiay in Ma, 1874 and an. "a! =
tn,-ea.t.r tneI. shat be election OF the seven
director. By the stockh04ie.. such elections snail
ne he'd at III. Office ~ the company, and notice
thereof snail he given W. publ!cltion IN at Least
two daily newspapers, published ia the city OF
New orleans, 10: Rot less thai. tea days previous
thereto. "
holders each stockhoie: .haii se entitled TO one
vote for every share OF stock owned BY AlIl, and
to east the said vote IA person o. by proxy and,
except when otherwise required BY law a ma
ovlty OF the votes cast sha!l decI..e ali cleo
tons or questions.
IN elections the vote s,a,. be by ballot. and
under the superinteace OF two STOCKHOLDERS ap.
pointed b; the board II the persons thus al.
oiuted should refuse Ia. to attend. the Presi.
dent shall appoint others IL thei stead or Il the
Pres.jen: is absent or otnits 10 make the appoint
meut it may be n a.ie 5v majority OF the stock
holders present az the opening.
If from any cause election should TAI. on tine
day appointed the President ehaA forthwith call
al other meeting at ten DAYS notice, above pro-
yded for tie purpose o. e1ectinS sa'd election,
and continue t., do So unit! !. valid election OF
Minority ani Of tie numb.. o: directors shall be has,
Suci. majority, when elected snail nice. OIL t!e
first Monday FLOWING theii election and proceed
10 fill ND theiy number BIZ election, as pToV!ued
for in tha ne xt article in o: vacancy. and 20
o. sanze "y the election. OF President.
ARTICLE VIII.
TIE roa,i o. Director. .ha.. NEE. on the mex:
Monday following their electOH and at thel! hrat
meeting sha, elect President from one OF the!s
pany. In case of IL. absence dirsc. interest III
question or other iuabi'I. o. the President TO act
the Board shall elect President plc sempors who
shai exercise all the powers and fulh-1 all the
duties of the President until the latter shall
slime his functions OK be replaced. majority OF
tha mi mbers of the Board counting the President
o, President pro :empore as one shall constitute
Quorum. and the vote of majority OF such quorum
shall constitute valid corporate act.
They shall have power 20 n. by election any va
rancv that may occur in their own number be
tween reguar elections; they suail eject all officers
define thei. duties hS then salaries and the amount
! of theiY bonds. ~nac. such bylaws, regulations
! rules and ordinances as they may deem necessary
| for the good government and welfare and support
of the corporation, and OF Its affairs and property
and NAV delegate 20 cLe President. OF to commit
tees Of they own body, or 10 officers agents or at
,orneys in or out OF the Stat. such powers they
| nd
corporate powers OF .he company. a.! officers, EN-
ployes o. servants Of the company shall be yemov
| able at wiz. except III. President. Each Board o.
Directors shall hold over unit. taeis s.ccesso:s AT,
| duly elected and organized.
ARTICLE TX
No stakeholder in this corporation ehsN ever 81
| held liable OK responsible tor the contracts o.
| faults OF company n any further sum than :hs
unpaid balance due to the company or the shares
owred BIZ him. nor shall anv mere !ntormaiity il
the OF organization have the effect of rendering th
! charter null. or Of exposing STOCKHOLDERS 20 Al!
| liability 0eyosd the amount of hi. stock.
ARTICLE x.
This ,c,co,a.;c. shall 90 INTO operation ;nmed;
] atelr and this charter shall endure and continue
tor the term Of twenty-five years from this date
! bu, said charter may be amended modified OF dis
! solved by the consent of the holders OF three
fourths of the stock represented a. genera! NEE:
| ing convened for tina: purpose. Such meeting maj
I b., called by a vote of five members Of the Boar
o: Directors, or at the request. ia writing ofstoc
| holders holding one third of the GumDer of share
| iss,se5 and outstanding. Thirty days previous no
I tee by publication in az ieas. two daily newspa
peys published III This city shall. be gwen OF suc
| meetn. and the general object thereof, whethe
| to amend OF 70 dissolve, sia.. ee stated NJ sue'
| petice,
The votes OF The stockholders for o, against an
I proposition to nd OF dissolve sha. be RECORDED
IN writing and the lists tor recording s,ch vote
shall. be close. in 1t least ten days aiter the da
| appointed ;)r the general meeting Should tine.
,olir.hs il. amour: u: the whole iI;nhs. g! ShAre
vote for any proposed MEASURE ;.s late 1aa! 1iNus
| .siase.y le GsosrC.
ARTICLE 81.
TIE ,.,:Sati Of :ie fans Of :,e cos:.osa At ior
whether dissolved bv limitation or i,y vote OF sb
1 Stockholders, al be made By three CoHlMIsslH,
| eys elected b. th. stockholders from among thei
! owr members, - tie G4usiat.er takes place
limitation OF The charter said comm ssi"Hers .h
be e,e cted cr III. day liked fo' the last election
! directors: az! !: u takes plac. IN consequence
vote OF the stockholkers. then they ssa. be elect.
! at meetn. called ~sthiD Eve days ate: the e.'
I II. of the Scte. and after due publication ~ 10.
! DAYS notice IN az !eAs: swe daily A.wspaVel.
| Isbed IN New Orleans.
| Before election. the compensation, az sai1 cor
; ssissioners shall be fixed and The terms and mod
| of .auidatiop shall. be determined s. the meeti,l
! at which snev elected By majority Of IL
! ing may authorize the commissioners 20 sell tn
property ana franchises of the COMPANY 81 block.
! This done and passed in my OF =, at the sal
city OF New orleans, !hs press &c OF Ma;' ID
I AirswOrtb and Theodore Hermann hoek. vitr 81
I of Lawful. age. and domiciliated III :lti. tv, ~h
| hereunto sign their Sames together ~, he "a
| ties and rle, the said notary, on this s.Hl. da5
! the month Of May. ia the year of orr Lord OIL
l thoa sand eight hundred and seven three.
1 nr1vi nat Aary- GrnvT :