New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-11-08


rights, powers and privileges conferred by the
laws of the &: ate Of louisiana they have form cd
and instituted q corporation for the purposes. oh.
jects, and under the s:ipulatiOuS AND regulations
following, to wit:
ARTICLE !.
e.rhis corporation shall be named and stv!ed the
PANY. and its donce shall be and is merit by xed
in the city Of New Orleans. parish Of Orleans.
State Of Louisiana The officers of the corpora
who shall be elected BY the Board Of Directors.
Citations. notices and other Legal process shall he
rd on On inc Ne OF on h Inc
shall! commences business as soon as the requisites
Of the law shall have been complied with. 1t
during which time il shall have and enjoy success.
sioE il shall contract. sue and be sued hold.
ceive purchase. sell and otherwise convey. under
its corporate name. property, both real aud per.
sonal It shall establish such rules, by laws and
regulations, for the management of the company.
may be necessary. provided such rules, by laws
and regulations shall not be contrary the stipu.
ations Of this charter or the laws Of this State;
and 1t shall possess in general all such powers
The said corporation shall use a corporate seal.
the device upon which shall be eagle. with the
name Of the company around 1t.
ARTICLE II.
The purposes for which the said Southern and
Atlantic Telegraph Company is established. and
the nature of the business to be carried on " it
are hereby declared to be: To construct, USE and
operate magnetic telegraph lnes. and to trans nit
messages along the came for themselves and for the
public, on ana aloag all highways, railways canal IT,
such othes Of the United States where the laws
shall or NAV permit. and the said company may
desire. and also to bonnet and contract with any
other line lines Of telegraph for the trans N
sion OF messages to any part Of the world.
ARTICLE III.
The capital stock of the company is fixed a. five
thousand dollars, which is divided into shares Of
twenty five dollars each. making two hundred
shares, all paid ;o but the capital stock may, by
resolution o: the Beard Of Directors be increased
dollars. 20 be divided into corresponding numbeI
of shares of twenty-five dollars each. to be- paid
cash at the time Of subscription.
ARTICLE ".
Transfers Of stock shall be made On the books of
the company. and no stakeholder shall ever be
held liable responsible for the contracts au
of the corporation in any further sum than tho
unpaid balance due TO the company On the shares
owned by him.
The Board Of Directors shall be composed OF Gvs
members, elected annually by ballot by Stockholders
representing a Ority Of the shares on the frs,
Monday OF Novemeer, a. a meeting called for the
purpose by the secfetary:!the said meein to take
place after ten days notice in two newspapers
published in the city OF New Orleans. The direc.
tors ehal elect from among themselves the presi.
dent and secretary Of ,he corporation: and the
tions until others are elected in teir stead, and
shall have qualified. All vacancies sha,! be t!leI
in the board by the remain ng members.
ARTICLE VI.
The frs: an, uay election shall take place on the
first Monday of November 1873 and until an ole r.
ton shall have been held and Board of Directors
shall have been elected, and shall have qualified
under the provisions Of this act and accordance
with the regulations and by laws to be adopted the
following ameG persons shall constitute the first
Board o; Directors, among whom the first two
named are respectively designated as resident
and secretary. to wit: John B. LATTE. president;
James Madison Seixas. secretary; Jaiaes Z. Dos.
well. John 6. Gaines aud Samue! npson.
ARTICLE VII
The president or IN his absence one Of the tlirec.
tors, elected for that purpose shall preside at all
meetings of tho board perform all the duties of an
executive officer, and shall conduct ali the b usi
ness ness OF the company generally: The secretary
10 such officer. Three directors shall! coasti
t1lte q quorum for the transaction OF business.
ARTICLE VIII.
This charter may be amended, altered or an
pulled and the company dissolved at arlv time at
u general meeting of tine stockholders convene d
for that purpose, after thirty days notice, pub
leane, provided that three -fourths of the stock
represented at such meeting shall assent 20 the
same.
At the expiration of this charter or in ease the
said company shall be sooner dissolved the alta
OF the company shall be liguidated and settled by
three commissioners, to be chosen by three fOurhs
of the stock represented at any meeting OF the
stockholders called for that purpose aud in the
event that no such commissioners chosen.
then the affairs Of the said company shall bo lqu
dated and settled by the president: and directors
last elected.
ARTICLE <.
The following named persons are stockholders Of
the corporation created under this act and such
entitled to the number of shares placed 0p-
posfte their names respe ctively. viz:
Shares.
John b. Lahtfe..... .................o......... =
James r. boswell .............................
samuel simpson s...-....... 1
JOnO u GAOeS... .''.'..........'.'.s I
Carl honn .............. ...............ss.'.'..'
y. W. oclAas. ..'''' 4
And the Southern and Atlantic Telegraph Com.
pany, Of which Charles W. Blossom, Esq, 10
vice presldeet. ............... I3
And, in conclusion the stockholders and corp Oh.
ators hereinabove named, in confirmation Of the
aforesaid stpuatlons. coven6uts and agree men is
ordained and established by the present act for
tie purposes above mentioned and to that effect
only have hereuntO subscribed their names
respectively, in the presence of Messrs. Edgar
Grima and Sums Delery, both residing in this city
competent witne ,ses, who have also hereunto set
their hands with me, notary, in my notarial Off CO
at the city of New Orleans, on the day and IN The
month and year first above written.
The original is signed:
JOHN 3. LAFlTTE.
JOHN G. GAINES,
G. KOHN
J. n. SEIXAS,
SAMUEL SIMPSON