New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-04-25
CORPORATIONS,
NEUTRALITY-SUSPICIOUS.. ...........CHARTER
UNITED STATES OF AMERICA.
STATE OF LOUISIANA
CITY OF NEW ORLEANS.

/ VIII VT NE" OAAAnAXSc.
Be it known, that on this seventeenth day Of
S
New orleans. pa3sh Of Orleans. state Of Lo1is,
ence of the witnesses hereinafter named and un
dersigned, personally came and appeared the per
sons hereinafter named and undersigned, who, BY
hereby organize and constitute themselves into a
corportion under the laws of this State, for the
bind themselves to the following articles OF asso
citation, to wit:
ARTICLE l.
The name of this corporation shall be the NEW
ORLEANS NATIONAL BUILDING ASSOCIATION,
ITS place Of business shall be the city of New Or.
leans, and its capital stock shall be three hundred
shares OF enc hundred dollars EACH Aud as soon
as the one halt of the capital stock shall be SUBJ
scroeo' this corporation shall go into operation.
ARTICLE II.
This corporation Is established for the purpose of
erecting and constructing buildings, and for the
improvement or vacant and other property in the
city Of New Orleans, and to give greater facilities
same, and for accomplishing that object said cor.
poratiOn shall possess the right of purchasing real
estate in the city Of New Orleans. and other prop
erty, in its corporate name and to cell and dispOse
OF said property and to lease, rent and hire the
same.
The business of this corporation shall be con.
the stockholders. The said board shah consist Of
six members. each owning at least ten shares, and
the said members shall be eligible to the offices of
president secretary and cashier and retain at the
same time their seats at the board. Three mem
bers of the board shall constitute quorum for the
transaction OF business, and said board shall have
the exclusive power of the administration of the
affairs OF this corporation and of appointment of
oil necessary officers thereof The following here
matter named persons are hereby appointed di.
rectsrs of said corporation, and they shall CEN
tnne in office until the first day of January, 1875.
1uI.x
and qualified In December, 1875 and in the same
month in every succeeding year, an election shall
ing; said election to be conducted in the manner
and on the day fixed by the bylaws of this oOrpO-
ration; each share having one vote. which may be
gwen by proxy the election to be held BY ballot
at the office OF this corporation and each Board of
Directors to remain in office until the succeeding
Messrs. James 5. Mathews r. E. Rivers. George
G. Benham, James B. Wands George B. Johnson
and s. W. Devices shall constitute the first Board
Of Directors.
ARTICLE ".
The board of directors above named shall have
full power to make by laws and oil officers of this
corporation shall be subject to removal at the
the power from time to time, by q vote of two
thirds Of their number in tra sactng the ordinary
business o. tins corporation or for making any
own body, or to a committee of stockholders or to
their officers or any other agents. as they may
of transfer of stock TO be opened and kept in the
office of this corporation, under such rules and
Also to close said books of
GUS to an election Of board Of directors.
ARTICLE v.
The assessments upon the stock of this corpora.
ton shall be called for at such periods as the
Board OF Directors may K, but two assessments
shall! be made following each other without giving
delay of at least thirty days between each.
ARTICLE VI
The Board of Directors shall cause to be kept a
faf ful lot u11t y,a;r
upon approval be signed by their president and
secretary. They shall have the power to fill eli
or modify the bylaws OF this Corporation. All
process to be served upon the president or secre-
tary OF directors and said Board Of Directors shall
provide such emblem device for this corpora.
ton as they may determine.
ARTICLE VII
The Board of Directors shall have power to open
books of subscription to the capital stock Of this
corporation, and to close the same and to dispose
of all such stock as may not be subscribed for in
such manner as they may deem most Conducive to
the interests of this corporation. All stock the in
sta lment upon which shall not be paid when called
for shall be considered, by the fact of such nom
payment forfeited to this corporation, and the
Board of Directors shall have the power of selling
the same upon its forfeiture
ARTICLE VIII.
The liability of each stakeholder shall be re-.
str1cted to his interest in said corporation.
ARTICLE TX.
This corporation shall exist for the fall nerod
permitted by law, and for the purpose of Hqui-
dating the affairs OF this corporation three COM
to be elected by the stockholders shall
have ample powers to carry the same into full eff
feet The election of commissioners shall be in
the same mode that tor the election Of directors
and two.thirds OF the votes shall be required for
the election of such commissioners The liquida-
ton shall be in the manner and within the time
directed by the Stockholders, at a meeting to be-
for that object.
- Thus done and passed in my office, at the city of
NTH orHs xav l.,
irst above written. in presence of Messrs. Acee j.
ker and Henry f. ker, competent witnesses who
hereunto sign their names. together with said ap-
bearers and me, notary, after due reading.
ALCER J. Kerr,
HENRY z. KKR.
ROBERT J. KER, Notary Public.
anil Is 25my2 "