New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-12-25
CORPORATIONS.
UNITED STATES OF AMERICA
STATE o. LOUISIANA
UTY OP CRW Oprp.~

n
UNITED STATES OF Axpp,o.
Stair OF LOUISIANA
oarY OF NEW oRLRANs p.p,su
MoS s y known ;n n that on this tv.,.v.
sent hundred and sevrrt Hut Lord one thouss nd
sworn T. notary public, duIv cc before me, Ar.
therein residing and parish aud city az an
ay hereinafter named ana presence Of the wit
hereto suhscr hhp2eared the parties whS. person
LOT those whom they renrs Tor themselves and
granted hn Of the ri9bts a declared that
statutes Of the State Of the provisions OF the
have cor OF corporations in ,h tG,a,ive to the
ents coyensmt and agreed and do bv tha, they
Snose whom they repressrr oi a, themselves and
and PURPOSES anS corporation for ths
Menus and regulations sss,,puiations agree
ARrICLRr
Term and Legal Renre.
seutatiOn
mn ne name A. style of this o...,
The LABoRING HoMES1TTF,ssaas ASSOCIATION shall he
ASGsoSiATi0N OF LoUTSIAHso fEo abIs
city of New Orleans sts its PRINCIPAL office in the
S'ate OF Louisiana
. ARTICLE II.
Functions and Pow..u
rms corporation shall have nov,
,,am anu 70 nave succession by its co,,n"ra.J
date tberaos period or twenty five years from tb
" .nereoI; 10 contract sue and ba snad ~ me
trpoIate name to make and use a cornn su 10 rs
ana M receive, purchase or otherwise Sea
pose of and to sage OF pledge or otherwise dis.
popterS po,h real and personal to loan monsv n
pIonsytS w vi pledge OF real estate or personal
ract" by, "a 40 Name and appoint such MANAGERS ii;
Iectors officers aud employees as its intarsst IA
i,s scb ICES may require aud to make and estsb
reguation Of its affairs az NAV be- nesssun anu
proper. ' 10 NECESSARY and
Objects and Purposes.
hsrebv dsca ana purpose Of this association are
10 enable residents of this State TO acou;ra
hOmesteads 0 !" "cdure
To establish many stores as this association
may think proper for the benefit of the stock;,od
ers OF this company.
To hold, receive, pure base and ACQUIRE under ito
corporate name, property both real and personal
10 su6divide into lots ali lands thus held and ac
70 build upon, improve, lease sell or other.
. ~lSe olspCse OF, and TO convey the same and to
lease or sell any other lands that may be held by
sa,a association either under act of procuraion OF
Oener agency. 10 make advances real estate or
lther satisfactory securities any person for the
s1rpoees set above and generally 10 do and Der.
not herein provided for, aud which NAV be neces.
ssry 10 carry into full effect the objects and pur.
poses OF this organization.
ARTICLE ~.
Capital stock, shares, Etc.
me capital stock Of this association shall be
nve hundred thousand dollars. with the privilege
70 increase the same at any time. The five hun
cred Thousand dollars to he divided into fifty thou.
sand shares, of the par value of ten dollars each,
ana CERTIFICATES for the shall be issued only
upon Their payment in full ne-fourth of each
subscription shall be payable at the time of said
three equal instalments, xed on the first Mon.
days OF March, July and November.
ARTICLE "
Transfer of shares.
Shares in this corporation may be transferred by
Endorsement aud delivery of the certificate there
o. such indorse pent being by the signature of
the older, or by his her attorney legal repre-
sentative; but such transfer shall not be valid for
any purpose whatever, except between the parties
hereto until the same shall have been entered on
the books of this corporation, so as to show the
the number and designation of the share or shares
and the date of the transfer.
ARTICLE W.
Time of CONNIE acibg BUSINESS.
This association may commence business as soon |
fifty thousand dollars of the capital stock shall
have been subscribed for.
ARTICLE VII.
Limit of StoclkhoIders' Liabilities.
No stockholder shall in any event be made liable |
beyond the amount of his subscription to the CAPT
tai stock or his Indebtedness to the association;
lave the effect of rendering this charter null or of
exposing a stakeholder to any liability beyond the
amount of his stock
ARTICLE VIII
Delinquent Stockholders.
All shares of said corporation shall remain
pledged to said corporation until their final paw
ment and in of non payment of any INSTALL
mept due on SAID share or shares as required by
the present charter the delinquent stakeholder |
shall lose all his privileges and acquired rights
suItng from the same and from his subscriptions
and in of failure on the part of said deln-
gu ant stakeholder, after thirty days notice, to
comply with the requisites Of the present charter,
the company shall have the right to sell said share
or shares 40 pledged, without the Intervention Of
coats OF Justice
ARTICLE TX.
Corporations ms Subscribers.
Corporations may become subscribers to the |
stock of this association
ARTICLE X
Board OF Directors.
All The corporate powers of this association shall
be exercised, and all its business managed by a
Board of Directors composed entirely OF stOckhod:
a quo nm for the transaction of bust
ness. The said Board of Directors shall be chosen
Monday of December, 1876 and every three years
thereafter. the stockholders shall convene at the
office OF the company IN New orleans and elect 6y
ballot otherwise, in person or by proxy, nine di-
rectors residing in the city OF New Orleans
The board shall proceed, Immediately upon their
eIectiou to nominate and appoint the officers as |
provided tor in article eleven of this charter
ANY vacancy occurring in said board. from any
cause whatever, shall be filed by election by the
remaining directors, and any director failing to
perform the duties of his posi- zion in the board for
eonsidered. by a vote of the board, have vacated
Dis seat, and the vacancy filled if he had re-
Digned.
ARTICLE XII
FIRST Board and First Corps Of Officers.
The following named stockholders shall comsti. |
ute .hA FIRST Board of Directors, who shall hold
heir Office until the third Monday of December.
a76 ar until their successors shall be duly elected
md oualited to wit: Jules Tuyes, Emile DeBuys,
can Langles AlphOnse Tertrou, Charles Nathan,
)apgevile L. Kernon, P. Cyprien Ricard, Arstide
;srard and William 3. Schmidt and the following | :
AIMED persons shall be the officers for the same
,sriod to wit: A. Gerard. president; E. DeBuys ! ;
20 president; Dusuau Halphen, secretary, and | :
frao |