New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-10
CORPORATIONS.
GSITED STATES OF AMERICA.
STATE OF LOUISIANA.

4 NdAhIEh IEkH
rsITED STATES OF AMERICA.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS, PARISH OF ORLEANS.
Be it known that on this twenty sixth day of
November. in the year Of our Lord one Thousand
eight hundred and seventy three. before me, Ar
mand Pilot, notary public, duly commissioned an
sworn in and for the parish and city aforesaid,
therein residing. and in the presence Of the wit
ally came and appeared the parties whose names
hereto subscribed, STIMULATING for themselves and
avaiiiug themselves of the rights and privileges
granted by and contained in the provisions OF the
statutes of the State Of Louisiana relative to the
organization of corporations in this State, they
have cOvenauted and agreed and do by these pres.
ents covenant. agree and bind themselves and
those whom they represent. tc fOrE, themselves
into and constitute a corporation for the object
and purposes and under the stpulatOns agree
ments and regulations hereinafter set forti., to
ARTICLEI
Name. OOmicile. Term and Legal Repre-
sentatiOn.
The name az d style of this association shall he
T rHH ASSOCIATION OF IoUfs1ANA. It shall be
dsmicihated and have it's principal office IL ths
city Of New Orlsane, State of Louisiana.
ARTICLE II.
functions and Powers.
9his corporation shall have power and authority
name for a period Of twenty. five years from the
date thereof; to contract, 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 it's corporate name.
property both real aud PERSONAL to loan money on
mortgage or pledge OF real estate or personal
property; to name and appoint such managers, di.
rectors officers and employees as its interests and
conveniences may req uire, and to make and estab
lsh such by laws for the proper management and
regulation OF its affairs as may be necessary and
pSopers -
Objects and Purposes
She object and purpose of this assOeia.isss
hereby declared to be he following. to-wit:
/. To enable sesidents OF this State to acquire
hOmesteadS.
q To establish as many stores as this association
may think proper for the benefit of the stockhold-
To hold receive purt hass and acquire, under its
corporate name, property both real and pei sonal.
to subdivde into lots ali lands thus held and
CURED 70 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 procuratiOn or
other agency. To make advances on real estate or
her satisfactory securities to any person. for the
form ali other acts and transact all other business
not herein provided for and which may be neces-
sary to carry into full effect the Objects and pur-
poses 81 this organization
ARTICLE w.
Capital stock, Shares, Etcs
She capital stock of this association shall be
{ We hundred Thousand dollars, with the privilege
to increase the same at any time. The five hun
dred thousan dollars to be divided into nifty thou
sand sharee of the par value of ten dollars each,
and certificates for the same shall be issued only
upon their payment in full. nefourth OF each
subscription shall be payable at the time OF SAID
SUBSCRIPTION, aud the remaining thre e-fOu1tbs in
three ual nstalimenta, fixed on the drSs Hos-
days OF March. - ally and Novembere
! ARTICLE v.
|. Transfer of Sharess
Shares en 'his corporation may be transferred by
Endorsement and delivery Of the certificate there.
o. such indorse ,uent being by the signature of
the holder by his her attorney or legal repre-
sentative but such transfer shall not be valid for
any purpose whatever, except between the parties
hereto until the shall have been entered on
the hOoks of this corporation, so as to show the
names OF she parties by and 10 whom tran sterred,
the number and designation OF the share or shares
and she date'of Sle transfer.
ARTICLE Va
Time Of Commencing Businesse
shss association may commence business
as fifty thousand dollars OF the capital stock shall
lave been subscribed for.
ARTICLE VII
Limit Of Stockholders Liabilitiess
no stockholder shall in any event be made liable
bsyond the amount OF his su bscrptiO to the CAPT
TAI stock his Indebtedness to the association;
nor shall any informality in organization
the effect OF rendering this charter null, or of
exposing stockholder to any Liability beyoSd tie
amount ~ Gis stock
ARTICLE VIE
DELINQUENT StOckhOlderss
an shares OF said corporation shaY remain
pledged to said corporation until their final pay
ment. and in case of non pay ment OF any Install
uept due sand share or shares as required by
the present charter the delinquent stockhOlder
shall lose all his privileges and acquired rights Ge
sulting from the same and from his subscriptions;
and in case of failure the part of said delin-
ouent stock holder, after thirty days notice, to
comply with the requisites of he present charter,
the company shall have the right to sell said share
shares so pledged. without she Satervention of
c0sIte q lsstces
ARTICLE *.
Corporations rs Subscriberse
CORPORATIONS may become subscribers 60 :fe
STOCK ~ IBIS association
sRTIefE z.
hoard Of Directors.
An.lecOrporate powers of this association shall
be exercised and al it's business managed by
Board OF Directors, composed entirely OF stOckhOd
ers residents OF this State; ority of these shall
constitute quo nm for the transaction of bust
ness The said Board of Directors shall be chosen
| 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 otherwise, in person or by proxy, nine dl
! rectOrs. residing in the city OF New Orleans.
The board shall proceed in 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 filed by election by the
remaining directors, and any director falling to
perform The duties Of his position the board for
| the period of three consecutive months NAV be
considered by vote of the board, to have vacated
| his seat auL the vacancy filled as il he had se-
eISEec.
ARTICLE Xr.