New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-01
CORPORATIONS.
QUARTER.
UNITED STATES OF AMERICA.
STATE OF LOUISIANA. o

UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS, PARISH OF ORLEANS.
Be it known that on this twenty sixth day of
eight hundred and seventy three. before me, Ar.
mand Pilot, q notary public, duly commissioned an
sworn in and for The parish and city AZ resald,
therein residing. and in the presence or the WIT
nesses hereinafter named and undersigned, person
ally and appeared the parties hose names are
hereto subscribed stipulating for themselves ana
for those whom they represent, who declared that
awaiting themselves of the rights ana privileges
granted by and contained in the provisions of the
statutes Of the State Of Louisiana relative to the
organization of corporations in inns STATE they
have covenauted and agreed. and do by these pres,
ents coven mt. Sgree and BIND themselves ana
those whom they represent. to form themselves
into and constitute a corporation for the object
and purposes and under the stpuations, agree
ments and regulations hereinafter set forth, TO
wit
ARTICLEL
Name, D0micile, Term and Legal Repre-.
sentatiOn.
The name AZ STYLE of this association shall be
TIVE ASSOCIATION OF LOUISIANA. 1t shall be
demiciliated and have its principal Office in the
city OF New Orleans, State of Louisiana.
ARTICLE H.
Functions and Powers.
This corporation shall have power and authority
to enjoy and to have succession, by its corporate
name for q period of twenty five years from the
date thereof to contract, sue and be sued ID its
corporate name; to make and use corporate seal;
to hold. receive, purchase or otherwise acquire,
and to sell, mort gage pledge, or Otherwise dis
pOse of, and to convey under its corporate name.
property both real and personal; to loan money on
mortgage or pledge of real estate personal
D, operty to name and appoint such managers di
rectors, officers and employees as its interests and
s the emu and
regulation Of it's affairs as may be necessary and
proper.
Objects and Purposes.
The object and purpose of this association are
hereby declared to be the following tOwit.
l. To enable residents OF this state 10 acquire
homesteads.
may think proper for the benefit OF the stOckhOld-
ers of this pany.
To hold, receive pure base and acquire, under its
corporate name. property both zeal and personal,
to subdvde into lots all lands thus held and ac.
onired TO build upon improve lease sell or other.
wise dispose OF, and to convey the same ana 70
said association either under act OF procuration or
other agency. To make advances on real estate or
other satisfactory securities, to any person. for the
purposes set above, and generally 10 do and per
form all other acts and transact all other business
not herein provided for and which may be neces-
sary to carry into full effect the 0bjects and pur-
poses Of this organization
ARTICLE ".
Capital stock. ShareSs Etcs
The capital stock of this association shall be
five hundred Thousand dollars, with the privilege
to increase the same at any time The five hun
red Thousand dollars to be divided into fifty thou
and certificates for the same shall be issued only
upon their payment in full One fourth of each
subscription shall be payable at the time OF said
three quail installments. fixed on the first MOL
days Of March, July and November.
ARTICLE
Transfer of Shares.
Shares in this corporation may be transferred by
Endorsement and delivery of the certificate there
Of such indorse nent being by the signature of
the ,der or by his or 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 sh,yw the
names Of the parties by and 10 whom tran aerred.
the number and designation OF the share or shares
and the date of the transfer
ARTICLE VI.
Time of CONNIE acing Business.
This association may commence business as soon
as fifty thousand dollars OF the capital stock shall
have been subscribed for.
ARTICLE VII
Limit of Stockholders Liabilities.
No stockholder shall in any event be made liable
beyond tho amount of his subscription to the capt.
tai stock or his Indebtedness to the association;
nor shall any mere informality in organization
lave the effect of rendering this charter null or OF
ex posing 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 case of non pay ment Of any install
the present charter the Delinquent stockholder
shall lose all his privileges and acquired rights
sulting from the same and from his subscriptions;
and in case of failure the part of said delin-
ouaut stakeholder, after thirty days notice, to
comply with the requisites of he present charter,
the company shall have the right to sell said share
shares 30 pledged, without the Intervention OF
courts Of justice.
ARTICLE TX
Corporations ms Subscribers.
Corporations may become subscribers to tie
stock Of this association.
ARTIGLEX K.
Board of Directors.
All the corporate powers OF this association shall
be exercised, and all its busins So managed BY q
Board of Directors composed entirely Of stOckhOld
erH residents of this State majority of these shall
constitute quo nm for the transaction of bust
ness The said Board of Directors shall be chosen
and constituted follows, to Wit: On the thitd
Monday of December 1876. and every three Yeas
thereafter. the stockholders shall convene at the
Office Of the company. in New Orleans. and elect by
reotors, residing in the city OF New Orle ans
The board shall proceed, i'm Immediately upon ter
election, TO nominate and appoint the officers
provided for in article eleven of this charter.
Any vacancy occurring in said DO .rd from any
cause whatever shall be filed BY election by the
per form the duties of his posi- ion in the boa for
the period of three consecutive months, may be
considered by vote of the board, to have vacated
his seat, and the vacancy filled as if he had
signed.
ARTICLE XII
First Board and First Corps of Officers.
The folio wing named Stockholders shall comsti-
tute The frsr Board of DIRECTOR who shall hold
their Office until the third Monday of December,
and qualified. to wit Jules Tsses, Emile DeBuys,
Jean Lsngles, AlphOnse TertroI. Charles Nathan,
Da geville l.. KerDiOn, P. CypIen REGARD, Aristde
Gerard and William B. Schmidt. aud the following
period to wit: A. Gerard, president; 4. DeBuNs,
vice president; Dusnau Halphen, secretary, and
ULCER Lauve treasurer.
The Board of Directors shall have power to elect
be required for the transaction of the business of
the company; they shall also fix the pensation
of sa AIRED officers and employees; they shall have
power to remove any person appointed By them,
Tor neglect Of duty incapacity or maeasance l.;
office for any other cause that may jus ify such
removal and they shall have power to suppls any
vscaI CIV that may occur in their body by death.
resignation otherwise.
ARTICLE XII.
Election of Directors.
At the time and place fixed by article ten of this
charter election for diTect0 shall be held and
q plurality If votes, counting one vote for every
share stock voted on sh III sufficient to elect
provided that one stOckhO shall he entitled
70 cast more than Fl 20 hundred votes at any one
time, either as proxy or otherwise. failure TO
,lect directors the day aforesaid shall not dis
olve the association but the president shall cause
mother election to he held within thirty days
giving notice OF the same BY dvertising