New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-04
{ HARTER' '''''''.. ....:''''''''' CHARTER
SNISED STATES OF AMERICao
STATE or LOUISIANA
CITY OF NEW ORLEANS o

15e ie snown that on this eighth eap % Dec
cember i'll the year of our Lord one thousand eighe
hundred and seventg-three, and Of the indepen-
dence of the United States of America the ninety
eighth before me, James Fahey a notary public in
and for the city of New Orleans and the parish Of
orleans, i'll the State Of Louisiana Aforesaid duly
commissioned and sworn. and in the presence of
the Witnesses hereinafter named and undersigned
personally came and appeared the several parties
whose names are hereunt0 subscrIpeds who de-
caIed that, awaiting themselves of the statutes
OF the State OF Louisiana in such case made and
provided, relative TO the organization Of corpora
lions in this state, they have cov+nanted, agreed
and stipulated, and by these presents do covenants
agree and stpulate, and bind themselves to estate
lish corporation for the Objects and puTposes and
under the stipulations. Obg atoms one SeSo -
following to via
che Same and title of said corporation eelass 30
Che DELACHAlSB BRICK COMPANY, and lis ttee4i
ci e is hereby fl ed in the city of New Orleans IL
this State of louisiana It shall exist for the pc
Rod of twenty-five years from the date Of the REQ
cOrding of this act in the mortgage Office of this
city, and for and during such time it shall have
and enjoy all powers aud privileges belonging
in any wise eItalning to corporations aud pro.
vided by law The president, and in his absence
the treasurer of said corporation, shall be the
proper officer whom all stations. 90 0thes lego
process shall be served.
ARTICLE Ite
The Objects and purposes Of safd corporatioeo
ana the nature OF the business to be carried by
the same, are hereby declared to be the manufac
tnre and sale of bricks, tiles and building mater
ais of every kind, and the purchase and sale OF
fuel wood, coai, lumber lime, sand, cement, and
ali such other matters and things shll apper-
tain or be in any wise incidental thereto
ARTICLE III.
The capital stock of said corporation shall be
and is hereby fixed at the sum of thirty thousand
dollars divided into three hundred shares of one
hundred dollars each, of which two hundred and
forty six shares shall be reserved by the corpora
ton and disposed of by the Board of Directors
thereof, in such manner as they may deem most
advantageous to the interests OF tie Company,
but not, however, for less than par value. The
capital stock OF said company may ne increased to
one hundred thousand dollars by vote of two
thirds of the stockholders in amoust, i'll which
event the original stockholders shall have the
privilege of subscribing to such increase of stock
The said increase of stock shall be paid for in
United States currency, in instaliments of twenty
five per cent in cash at the time Of subscribing
and the balance to be pad n n; such sums and at
proper, provided that call shall be made at any
Coz time Tor more than twenty five pie cert % the
amount thereof
As 1.-THE corporate powers of Incorporation shas:'
be vested in and exercised by g Board OF Direc
tors and such officers and employees as they NAV
appoint. The Board Of Directors shall consist OF
five members of this company, three Of whom
shall constitute a quorum, who, after the expna
ton OF the term Of office of the present board
hereinafter named shall be elected by ballot on the
second Monday i'll January of each year, at the
office of said corpora ion of which election the
Board of Directors shall give at least ten days
notice in one of the newspapers published ill the
city of New Orleans. And the Board of Directors
shah appoint three stockholders to preside at such
elections, aad in the event OF their failure to at
tend the president shall appoint other persons to
Till the vacancies. And any failure from any cause
whatever to elect directors Oh the dav named Tor
that purnose shall not dissolve this corporation
but the directors then in Oft ce, We'll the prcs
dent, treasurer and all other officers, shall hold
over until their successors elected and quail
ted. Each and every director shall be required to
hold, in his own right on the day of election and
during his term of office at least ten shares of the
capital stock of the said company. III the event
OF no election taking place on the date herein be.
fore mentioned, the president shah cause another
election to he held within thirty DAYS thereafter
and give notice thereof as herein before provided
for.
Tie Board of Directors thus elected shall assume
their duties the day following their election,
and shall hold their offices until their
are duly elected. Those stockholders Re ceiving a
majority vote of the stock represented al &c
ton shall he considered and declared duly elected
The Z, ard of Directors shall elect from anon 2
themselves a president and treasurer. The
Boald OF Directors shall have fun authority
to fill vacancies III their number from anon e
the stockholders of the company. And the
said beard is hereby invested with full power
to frame ard adopt such bylaws, rules and
regulations as the affairs and business OF the cor
poration mag require, and as they may deem re,
quiste and necessary for the guidance thereof and
the transaction of its business; provided the same
do not conflict with this act OF Incorporation, or
the laws of this State. The said board shall have
power, and are hereby authorized to buy such real
estate as there may be required for the uses and
purposes of this company, and TO sell the same, to
and to borrow money, and to do all and singular
such acts may be ecessary 10 carry on the
business, aud further the objects Of tits company
ARTICLE VI.
In all elections the vote shall be by ballot and
each and every stakeholder shall be entitled TO
vote eli her in person or by proxy, for each and
every share of STOCK he she or they respectively
NAV hold and no person or persons shall be en-
titled to vote on any share or shares transferred
to him or the IN within thirty days prior TO such
election
ARTICLE VII
No stockhoider shall be held liable responsible
to W Lom soever il may concern for the contracts,
acts faults debts obligations OF the said com
panv beyond the amount of their unpaid capital
stock and no mere infornalitv il organizing shall
have tie effect OF rendering this charter ulI, or