New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-14
LAWS OF THE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
No. lO1.
AN ACT

TO empower Salu company W ouliu " beoi-
works, to lay down pipes, erect hre pings,
etc. and to assess and collect water raBes
or rents on property on the lime OF IT'S
pipes when laid.
WHEREAS, The Foarth and Sixth Dis
tTicts of the city of New Orleans are en-
tirely destitute of water for the purpose OF
extinguishing fires, TO wash and cleanse me
cutters and streets of said districts, rhus
exposing property owners To great insses on
account of fires, increased rates OF lnsur-
ance, etc, and in order to improve the SAM
tary condition of said districts by brin glng
a large and sufficient supply OF pure and
wholesome water for the inhabitants of said
districts; and the New Orleans Water
works company, duly organized cOrpo-
rate BODY of this State, proposes to carry
on and maintain works for such purposes.
the charter of which said company Is IN he
words and figures following;
STATE OF Lor,ssANA,S
Parish and City of New Orleans.
Be it known, That on this twenty-tourth
day of June, in the year OF orr LORD one
thousand eight hundred and seventy one,
and of the independence of the tinted
States of America the ninety-tith be
fore me, Andrew Hero, Jr., notary
public in and for the parish and city OF New
Orleans, State of Louisiana, duly comms-
stoned and qualified, and in presence OF the
witnesses hereinafter famed ana under
signed, personally came and appeared the
several persons whose names are hereto
subscribed. who severally declared that,
ayailing themselves of the laws of this State
relative to the organization OF corporations
for works of public improvements ana TOT
other purposes, they have covenanted ana
| agreed, and do by these presents covenant
and agree, and bind themselves, as well as
such other persons as may hereafter become
associated with them, to form and constr
f,,fA N hn1V
under the following supulations and agree
ments, viz:
ARTICLE I.
The name and title of this corporation
shall be the New Orleans Waterworks Com
pany, and it's domicile shall be the city OF
New Orleans, i'll the State of louisiana BY
said corporate name the said company
shall have and enjoy succession for the
full term and period of twenty-five years
from and after the date of these presents,
| and shall have power aud authority TO
contract. sue and be sued; to make and
| use corporate seal; to hold, receive, pur-
| chase, lease, mortgage, hypothecate ana
| ALLEVIATE or convey, under lis corporate
name, property, both real and personal, OF
| every description, including rights and ao-
! tons; to name and appoint such managers,
directors, officers and employees as lts inter
| est and convenience may require, and 30
make and establish, as well as alter and
| amend, such rules and bylaws Tor the
| proper management and regulation OF tho
affairs OF said company as may Se deemed
necessary and proper.
ARTICLE ~.
The purposes for which this cosporatiOg
! is established ard the nature OF the basl-
| ness TO be carried on by IT, are declared to
| be to acquire, purchaSe or lease, and cor
| struct, maintain and carry Sn works TO
! supply the city of New Orleans, and other
/ 10 NIlhn -
| Orleans and Jefferson, with watss.
| ARTICLE LIP.
All citations or s,theo process OF law shay
| be served upon the president ct SAID sorpo-
rationO
| ARTICLE tyo
I The capital stock oS this soSI9ans snail
| be three million dollars, and be represented
| by thirty thousand shares, Ot the sum OF
one hundred dollars each. Books of sube
scription to the capital stock of said com
| pany shall be opened by tue board OF dlrecs
tors, and the sad stock shall be paid In IN
| staliments not eXUes ding ten per cent, az
such time as the board OF directors may de-
termine. Sud ompany shall do no act under
| the provisions of this charter until fifty
Thousand dollars of the said capital stock
! shall have been subscribed ScF AT least
Zen days notice shall be giveS by the
board of directors by advertisements IN
| Two newspapers puOilsHeu LII inO dlsJ 81
New Orleans. of the time and place q
| payment of installments upon she cap
ital stock. of said company, as well as
of the amount of such INSTRUMENT, and
any and all subscribers 80 the capital stock
of said company wto shall fail or refuse
to pay such inetallments thereon, after the
expiration Of SAFE term of ten days, shah
forfeit unto the company all stock winch
he or they may have or own, together with
all installments paid thereon, and such
: stock shall be gelssEed and sold by the
! company for It's own benefit as well as al
stock OF the company, upon such terms as
The board OF directors may deem for the
best interest of The company. Each share
of stock shall entitle the owner thereof to
one vote on all questions and Gases. So
! elections either in person or by YroxSs
ARTICLE ..
the affairs Of said company shall be tlndes
the direction and management Of - board
of directors to he composed of five stOcks
holders, each of whom shall own at Least
fifty shares of the capital stock Of said con-
pany in his own name, and they shall be
elected at such time and place as shall be
named by the bylaws to be adopted by said
company. 4 majority of the whole stock
OF said G, mpany shall be necessary to elect
and public notice shall be given of the time
and place of said ell lection by advertisement
during ten days, IN .Wo newspapers pub
ished in New Orleans. Said board of direes
tors shall transact tho business of said
company. and hold regular meetings at such
time as they shall hE upon. 4 majority OF
said board shall constitute d quorum for the
transaction Ok any business, and shall have
| full power 10 make and establish
as well alter, amend. or se-
peal, such By laws, rules or regulations az
! may he deemed necessary for the regula-
I ton and management 9f the business and
! of of S.,iH 90 d
rectOrS shall also have power 70 buy and
sell, lease and hire and mortgage or pledge
all such real and personal property as they
may deem necessary for the uses and puI.
poses OF said company, and moreover boz
row money by All issue OF the bonds of the
company or otherwise to an amount not eG
ceeding the capital stock of said COMPANY
They shall have authority to carry into
execution all the objects and purposes OF
this corporation. nominate and appoint all
officers, agents OF employees, fix Their
salaries and dismiss them at pleasure,
and shall have and exercise such other and
further powers as may be conferred upon
them at any regular or special meeting OF
the Stockholders. At their first meeting
they shall elect one OF their first number as
president 81 t'iS corporation, v no shan
preside at al meeting. Of said board OF
directors. ANY vacancies occurring in theT =
number by death. resignation or otherwise
shall be hiled b. election b.. the t.tard fos
the period intervening between tins occur
| renee "f such VarAnC" and th1 next gels
"rai election. The first board Of directors
20 serve until thri! .ucc. ssuF. sinai. be duly
elected under the prcv!sinrs OF this char
ter shall consist o. the following named
persons, 10 whom ..n.l th.i' .u.ressors all
| corporate powers ri the corporation shall.
be vested, viz: Charles 7 Howard. John
| Lockwood. Joseph T. West and Henry y