New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-07-06
CORPORATIONS.

1
place designated by the President of said Vallettt
Dry Dock Company, for the purpose OF making
| certain notifications additions, alterations ant
changes in and to the original act of incorporation
| OF SAID vallette Dry Dock Company. Is well as in
the act amendatory thereof, passed before Selin
Magner, late notary in this city, on the twenty
fourth day of July, 1869; and that at said genera
meeting stockholders of said company, or then
duly authorized repres eni atlves representing Tiff
teen hundred and thirteen shares OF the capita
| stock of said Vaette Dry Dock Company, being
more than tbreefOurths of the stockholders. in
| amount of stock. unanimously assented and agreed
| that the following changes or amendments should
be made il and to the SAID original act of incor
| por alton oi said Vallette Dry Dock Company and
| the aforesaid act amendatory thereof. VIZ:
ARTICLE II.
That SAID article be amended and changed by the
substitution OF the following, SO that = VII here
| after read and Dt as follows
! 1.-The purposes for which the vallette Dry Dock
| Company is established and the nature OF the
| business to be carried on by the same, are hereby
declared 70 be the purchase, leasing and construct
ing: or letting ana hiring OF its own or othtr docks
and the building and repairing OF vessels OF every
description. and for such other purposes as are
| belonging or incidental to such business.
ARTICLE III.
That sal: article be amended and changed by
the substitution of the following, SO that i will
| hereafter read and be as follows. VIZ
1.-THE capital OF this corporation shall be the
sum of one hundred thousand dollars to be repre-
scented by two Thousand shares OF fifty dollars
each, and to this emf and purpose each and every
| one hundred dollars of stock III the said Vaette
Dry Dock Company shall be delivered up and can
celed and the holder or owner thereof shall re
ceive in lien thereof certificate for share OF
fifty dollars
That SAID article be amended and changed by
the substitution of the following, SO that i will
hereafter read and be as follows VIZ:
IAN the corporate powers Of this corporation
shall be exercised by and vested in Board OF
Directors consisting of five stockhOlders-One of
" HON shall he elected President OF this
tiou-tO be chosen by ballot at an annual meeting
Of the stockholders ON the third Monday OF May OF
each and everv year Said Board of Directors shall
continue in office until their successors shall have
been chosen shall elect or appoint such officers as
the interests and convenience Of said company
NAV require and fix or determine all salaries; and
shall make and establish well as alter or amend
at pleasure such by laws, rues and regulations,
for the purpose OF management and regu alton of
the affairs of said corporation as the said Board OF
Directors NAV deem necessary proper. Said
Board of Dire ctOrs at their first meeting shall elect
one or two managers, as to the said board shall
seem meet, which said manager or managers shall
have charge of the docks and yards, and purchase
corporation they shall hire all fOremeD, mechan-
les, wOrkmen and labOrers employed in the yard
Wo % and iaborers. as Wen as discharge them
at will also collect all amounts due to the said
company. pay all those due by the same,
keep an account in some chartered bank in
New Orleans approved by the Board of Birect-
ors) in which all moneys received for account Of
the COMPANY except j, NAV be small sums needed
such bank only checks signed by one of said
managers and countersigned by the secretary OF
the company. All notes of the corporation must
be signed by the president and one of the mana
gers, and it shall require vote of fourfifths of
sand directors to lease said company docks. There
shall be monthly report from the managers to
the board Of dire ctOrs of the business of said COM
pany, with a balance sheet showing all the trans
actions of the company for the mODth past which
shall be subject to the supervision of the directors
and the future control OF the board. The said re-
port and balance sheet, with the action of the
hsNor 81, hQ cd lntn a mr.
pared for that purpose and the same shall be at
all times subject TO the inspection of any stock
holder. There shall be secretary of the company,
who shall also be its book keeper chosen annually
by the aforesaid board OF directors. He shall keep
a regular set of books, in which entries shall he
made of all transactions of the corporation He
shall also be secretary OF the board OF directors.
ARTICLE VI
That said article shall be amended and changed
by the substitution of the following, that it Will
hereafter read and be as follows viz:
Each Of the subscribers hereto. and every other
person who shall become subscriber or stock
for every shsre of stock held by him. her ii or
them at all and every meeting Of the stockholders
of this company"
ARTICLE VII.
And that in said article seventh in order to cor
respond with article fifth, as herein amended, tire
word second be expunged and the word third
substituted therefor, SO as to make the same here
after read on the third Monday of May of each
year." in lieu of 1.-The second Monday of May
Wherefore, the said appearers each representing
the number of shares of the capital stock of the
said vallette Dry Dock Company set opposite his.
its or their respective names or signatures hereto,
and together owning more than three-fourths in
amount of the capital stock thereof, hereby form
ally acknowledge and declare that the above speci-
fed notifications. additions. alterations and
changes in and to the original act of incorporation
of said Vallette Dry Dock Company and the act
amendatOry thereof as aforesaid. have been duly
made and adopted. Said articles second, third,
fifth, sixth and seventh there Of have been changed
amended as to hereafter read OF he as herein
before specified; and they hereby authorize and
require the same to be recorded and published in
the manner required by law, to the end that the
said alterations, changes, additions or modihca-
tons shall hereafter be binding upon them, and
all such other persons as may hereafter become
stockholders of said Vallette Dry Dock Company.
Thus done and passed in my Office, at New Or
leans aforesaid in the presence of Messrs. George
Cenas and Paul A. Conand, competent witnesses,
both of this city. who hereunto sign their names
with the said parties and me. notary lon the day
and year Aforesaid.
Original signed: