New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-15
CORPORATIONS.
CNITED STATES OF AMERICA.
STATE OF LOUISIANA.
yITY OF NEW ORLEANS. PARISH OF ORLEANS.

l CFlTED STATES OF Am EklCA.
Stair OP LOUISIANA.
| CITY OF NEW ORLEANS. PARISH OF ORLEANS.
Be it known that this twenty sixth day o.
| November ia the year of orr Lord one thoushn nd
eight hundred and seventy three, before me, Ar
mand Pilot, a notary public. duly commissioned an
sworn, in and for The parish and city at resaid
therein residing and in the presence of the wit
| nesses hereinafter named and undersigned person
ally came and appeared the pare whose names are
hereto subscribed, STIMULATING for themselves and
for those whom they represent, who declared that
evailing themselves of the rights and privileges
granted nv and contained in the visions of the
statutes of the state ef Louisiana relative to the
| organization of corporations in this State they
have cOvtnanted and agreed, and do by these pre-
ents covenant. agree and bind themselves and
into and constitute q corporation for the object
and purposes and under the stipulatiOns. agree
| ments and regulations hereinafter SGT fortE. TO
wit
Name, DOniciIe, Term and Legal Repre-.
sentntion.
The name 2, style Of this association shall be
T THE IsS0RlS9 Ho PM AND Go1PERA "A
damiciliatsd 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 In it's
corporate name; to make and use corporate seal;
to hold receive, purchase or otherwise ACC uire,
and to sell, mortgage or pledge, 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
property; to name and appoint such managers, di-
rectors officers and employees as its interests and
convenience may require, and to make and esteb-
lish such by. laws for the proper management and
regulation OF its affairs as may be necessary and
proper.
Objects and Purposes.
The object and purpose Of this association are
hereby declared to be he following. to-wt:
l. To enable residents Of this State to acquire
2. To establish as many stores as this association
may think proper for the benefit Of the stOcklod
ers of this company
To hold, receive, pure base and acquire under its
corporate NAME property both real and per sOnal
10 subdivide into lots all lands thus held and ac
CURED, TO build upon, improve, lease, sell or other
Wise dispose Of, and to convey the same and to
lease or sell any other lands that may be held by
said association either under act OF procuraton or
other agency. To make advances on real estate or
other satisfactory secu 'tes to any person, for the
purposes set above. snd generally TO do aud per
not herein provided for, and which may BIZ neces.
sary to carry into full effect the OF Sn1 puy.
Yoses Of thiA org anisation.
ARTICLE ".
Capital Stock. Shares. Etc.
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
dred thousand dollars to te divided into fifty thou.
sand shasss, of the par value OF ten dollars each.
and certificates for the same shall be issued only
upon their pavmeut in full. One fourth Of each
subscription shall be payable at the time of said
subscription, and the remaining three-tourths in
three equal nstallInents fixed on tho G:st uo..
dag OF Nagch. July and Novembef.
ARTICLE '.
Transfer of Shnres.
Sha+s IN this corporation may be transee,fedb BY
Endorsement and delivery of the certificate there.
OF. such indorse nent being by tine signature of
the JIder BY his or her attorney or 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 hooks of this corporation, so as to show the
names of the parties by and to whom transferred.
the number and designation OF the S.are OF shares
AID ihe date OF tIe transfer.
ARTICLE w.
Time Of COmmescipg Busfness.
THIS association may CONNIE nee business soon
as fifty thousand dollars OF the capital stock shl
have bseu subscribed for.
ARTICLE VT.
Limit OF EfOckhOidevs' Liabilities.
No .tookholder shall in any event BE made liable
beyond tho amount of his su description to the CAPT.
tai stock his Indebtedness to the association;
nave the effect Of rendering this charter null Of
exposing stock holder to sny liability beyond ths
amount Of his stock.
ARTICLE VII.
DellnQuenB ctOcknOlGcFss
Az shares Of said corporation ehaif remain
pledged to said corporation until their final paw.
Inent. and in case of nonpayment Of any Install
ment due on sad share or shares as required by
the present charter, the delinquent stakeholder
shall lose all his privileges and acquired rights
suitDg from the same and from his subscriptions;
and in case Of failure on the part of said delin-
comply with the requisites of the present charter,
the company shall have the right to sell said share
or shares 20 pledged. without the intervention Of
cOHXtS Of Justice.
ARTICLE II.
Corporations as Subscribers.
Corporations may BECOME subscribers to the
stock OF this association.
ARTICLE <.
2Board Of Dirsctorss
All The corporate powers of this association shall
re exercised, and all its business managed. by
Board of Directors, composed entirely of stOckhOld
ers residents of this State ajorty of these shall
constitute que nm for the Transaction OF bust,
and constituted as follows, to wit: On the third
Monday of December, 1876, and every three years
thereafter the stockholders shall convene at the
office Of the company in New Orleans and elect, by
bal OF or otherwise, in person or by proxy, nine d.
rectors, RI siding in the city OF New Orleans.
The boar d shall proceed i'm mediately upon their
election, to nominate and appoint the officers
provided Tor in article eleven of this charter.
ANY vacancy occurring in said board from any
cause whatever shall be filled by election by the,
directors. and any director failing to
perform the duties of his posi- ion III the bOaI for
considered by vote of the board, to have vacated
his seat. and ahs vacancy filled as d he had 10.
signed.
First EoarA md First Corps Of Onicess.
The following named stockholders shall comsti-
eute The first Board of Directors, who shall hold
their Office until the third Monday of December.
1876 until their successors shall be duly elected
and qualified to wit: Jules Tuyes, Emile DeBuys,
Jean Langles, Alphonss Tertrou, Charles Nathan.
Daugeville L. Kernion, r. Cyprien Ricard Aristide
Gerard and William B. Schmidt. and the following
named persons shall be the officers for the same
period to wit: A. Gerard, president; =. DeBuys
vice president; Dusuau Hslpheu. secretary. and
The Board OF Directors shall have power 60 eiee:
ar appoint such other officers and employee may
be required for the transaction of the business OF
the company; they shall also hx the com pens atisn
Of saiaried officers and employees; they shall have
power to remove any person appointed by them.
office or for any other cause that may Justify such
removal, and they shall have power 10 supply any
vacancy that may occur in theis bod! " death.
resi- SHas oto or otherwise
ARTICLE XII.
Election of Directors.
At she sie and place fixed by article tea OF This
charter, election fer directo shall be held and
plurality Of votes. counting one vote for every
share Of stock voted shall be sufficient to elect
provided tn one stakeholder shall be entitled
TO cast more than ii 70 hundred votes at any enc
time, her as proxy or otherwise. A failure 10
elect directors the day aforesaid shall not dis
,ove the association but the president shall cause
another election to be held within thirty DAYS |
hereafter, giving notice OF the same by sdveItisng
u one of the wspaprEs V1b!i.l..,s III ;se
,.ty OF S.s ORGANS. !
ARTICLE SIIH
Sub Dircctorss
For each 81 che country parishes board % sufs |
directors, consisting of member for i've |
hundred shares Subscribed in that parish will be !
Elected by the stockholders of that parish. at the
late and place Gesisrated by ihe general board. |,
rho viii. serse for one year ;rona the date of .her
dec tor.
Said suh-lrec+ors viii correspond directly with |
he general board, gSins information which may !
oncern he interests of the associations they viii,
Lso, when i'll the city. be admitted to the inspec
ion of the books CT the company, Is whatever con.
the interests OF the par sh Of whc!I they
iIs representatives. IN each and s.rry ease pre-. |
eIied By chem. the genera! board .A.e Dc. aud