New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-09
CORPORATIONS,
CORPORATIONS,
CHARTER '.': 800 'cHARTER
UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS, PARISH OF ORLEANS

| CITY OF NEW ORLEANS, PARISH OF ORLEANS
| Be it known that on this twenty sixth day @
November, in the year of our Lord one thOgss N
| eight hundred and seventy three, before me, Al
| maDd Pilot, notary public, duly commissioned an
| sworn, in aud for he parish ard city af resad
| therein residing. and in the presence of the wit
nesses hereinafter named and undersigned, person
ally came and appeared the parties whose names ar
hereto subscribed, STIMULATING for themselves an,
for those whom they re present who declared that
availng themselves of the rights and privileges
granted by and contained in the prov isOns of thu
statutes OF the state Of Louisiana relative to the
organization of corporations in this State, they
have covenanted and agreed and do by these pres
ents covenant. agree and bind themselves anG
those whom they represent, to form fhemselves
into and constitute a corporation for the Object
and purposes and under the stipuiations, agree
ments and regulations hereinafttr set forts, &c
Wit
ARTICLE T.
Name, Domicile. Term and Legal Repre-.
seotaIiOn.
The name a, style OF this association shall he
TIVE ASSOCIATION OF LOUISIANA. 1t shall be
deniiciliated and have its principal office il she
city OF New Orleans State of Louisiana.
ARTICLE II.
Functions and Powers.
This corporation shall have power and authority
to enjoy and to have succession, 10y its corporate
name, for period of twenty five years from the
date thereof; to contract sue and be sued in its
corporate name; to make and use corporate seal;
to hold receive purchase or otherwise acquire,
and to sell, mortgage or pledge or otherwise dis
pose of, and to convey under its corporate name.
property both real and personal; to loan money on
mortgage pledge of real estate personal
property; to name and appoint such managers, di-
rectors. officers and employees AS its interests and
cOnveniences may require, and to make and estab-
lsh such bylaws for the proper management and
regulation OF It's affairs as may be necessary and
prOpars
Objects and Purposes.
~. or1 nf nc fins, "a
hereby declared to be the following. tO-wt:
!. To enable residents of this State to cuire
homesteads.
q To establish as many stores as this association
may think proper for the benefit OF the stOckhod-
ers of this company.
To hold re ceive pure base and acquire, under its
corporate name, property both real and pei sonal
to subdivide into lots all lands thus held and ac
quired, to build upon, improve, lease. sell or other
wise dispose Of and to convey the same and to
lease 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 OF
other satisfactory securities to any person, for the
purposes set above. and generally TO do and per
form all other acts and trantact all other business
not herein provided for, and which may be neces
sary to carry into full effect the objects and pur
poses Of this organization.
ARTICLE ".
Capital Stock, Shares, Etcs
The capital stock of this association SHAFT BE-
FIVE hundred Thousand dollars with the privilege
to increase the same at any time. The five hun
dred thousand dollars TO De divided INTO nIty tnOu-
sand shares, of the par value Of ten dollars each.
and certificates for the same shall he issued only
upon their payment ia full. One fourth OF each
subscription shall be payable at the time OF said
subscription, and the remaining three-touIths in
three equal instalments, fixed on the tyss Sos.
Gays ct March, July and November
ARTICLE v.
Trnnsfee of Sharess
sh.ss in This corporation may be transferred by
Endorsement and delivery of the certificate there
Of such iniorse nent being by the signature 81
the )ders 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 sho" the
names of the parties by and TO whom transferred,
the number and DIES ignaion OF the share oy shares
and tbs date OF the transfer
ARTICLE ".
Time Of Commencing Business.
his association may commence business as soon
20 fifty thousand dollars OF the capita. stock shal.
nSvs been subscribed for.
ARTICLE Wy.
i.imi, OF GtOc4holders' Liabilities.
No ttockhodeq shall In any event be made liable
beyond the amount of his subscription to the capt.
tai stock or his indebtedness to the association;
nor shall any mere informality in organization
nave the effect OF rendering this charter null or of
ex posing a stnckhoies to any liability beyond Tire
hr1cIE VIII.
Ali ssa.es OF said corporation shall sefna.
edged to said corporation until their Una! pay.
i-ent. and in case of nOn-payment Of any install
ment due sad share or shares as required by
the present charter The define uent. stockhOldeP
shall lose all lis privileges and acquired rights
sulting rom she same and from his subscriptions:
and in case of failure on the part of said dein-
a--ent stockholder, after thirty days notice, to
comfy ". tn the usites of the present charter.
the company shall have the right TO sell said share
OF shares pledged. without tie intervention u
COATS g. .t1St.CS.
ARTICLE *.
CORPORATIONS as Subscribers
Corporations may become su5scslters 80 'Ee
stool q. ::ls association.
aRTIeLE x.
Board Of Directors.
q. ste corporate powers of this association. sHaI
be exercised and all its business managed, by a
Board of Directors composed entirely of stockhold-
constitute quo nm for the transaction of bust
ness. The said Board of Directors shall be chosen
and constituted follows to wit: On the third
Monday of December, 1876. and every three years
thereaf err the stock holders shall convene at the
office Of the company. in New Orleans and elect, by
bal otherwise. in person or by proxy, Dine d.
rectors residing in the city OF New Orleans
The boar d shall proceed. immediately upon fAelr
election 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
perform the .u .es of his position IL the boaI for
the period of three consecutive months, may be
considered BY vote of the board, to have vacated
his seat and She vacancy filed "a j: he had re.
signed.
ARTICLE ".