New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-05-01
CORPORATIONS.
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UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS.

STATE OF LoUIsrANA
CITY OF NEW ORLEANS.
Be Unknown. that on this seventeenth day of
IN
Joseph Ker, notary public in and for the city OF
New orleans. parish Of Orleans, State Of Lonisi-
ana duly commissioned and qualified, and In pres
ence Of the Witnesses hereinafter named and un-
dersigned personally came and appeared the per-
sons hereinafter named and nnaer sSss tsnU
hereby organize and constitute themselves INTO
corportion under the laws Of this state. f0r the
objects and purposes herein after set forth, ana
bind themselves to the following articles Of asso-
citation, to wit:
The name Of this corporation shall be the NEW
its place Of business shall be the city Of New Or:
leans and its capital stock shall be three hundred
thousand dollars divided INTO three snousano
as the one halt of the capital stock shall be SUD-
scri.ed, this corporation shall go into operation.
ARTICLE II.
This corporation is established for the purpose Of
erecting and constructing buildings. and for the
Improvement of vacant and other property in the
city Of New Orleans, and to give greater facilities
for the purchasing and leasing and renting of the
same, and for accomplishing that object said cor
poratOn shall possess the right Of purchasing real
erty in its corporate name. and to sell and dispose
of said property, and to lease rent aud hire the
same.
The business of this corporation shall be con
Quoted by Board Of Directors. to be appointed bv
the stockholders The said board shall consist of
six members, each owning at least ten shares. and
the said members shall DO eligi Die to the offices of
president secretary and cashier snd retain at the
same time their seas at the board. Three mem
beers of the board shall constitute quorum TOT sns
the exclusive power of the administration OF the
affairs of this corporation and OF appointment OF
all necessary officers thereof The following hera-
matter named persons are hereby appointed di-
rectsrs of said corporation, and they shall cen
time in office until the first day of January 1875
and until tEeic SUCCESSORS are duly elected
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 corpo-
s S Be- S bV e
at the office OF this corporation and each Board OF
Directors to remain in office until the succeeding
Messrs. James i. Mathews, Z. 4. Rivers, George
c. Benham, James B. Warids, George B. Johnson
and =. w. Devices shall constitute the first Board
OF Directors
The board Of directors above named shall have
full power to make by laws and all officers of this
corporation shall be subject to removal at tbs
pleasure of the board. and said board shall nave
the power from time to time, by 3 vote Of two
thirds of their number in raDsactlng the ordinary
business Of this corporation. or for making any
own body or to committee Of stockholders. or to
their oficers or any other agents, as they may
Of t rauser Of stock TO be opened and kept in the
office of this corporation, under such rules and
REGULATE tons as they may see proper to prescribe
Also to close said books OF transfer or STOCK Prev
GUS to an election of board Of directors. '4.
ARTICLE v.
| The assessments upon the stock of this corpora.
| ton shall be called for at such periods as the
pa.r dof nitoCt nra may Y
shall be made following each other without giving
a delay OF at least thirty days between each.
ARTICLE VI
The Board of Directors shall cause to be kept .
faithful record OF all their proceedings which shall
They Os shaft the iii
vacancies in their own body. and to change. alter
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 ehal
| provide such emblem device for this corpora.
| ton as they may determine.
| ARTICLE VII
! The aard of Directors shall have power to open
books OF subscription to the capital stock Of this
corporation and to close the sans and to dispose
| Of ali such stock as may not be subscribed for in
such manner as they may deem most conducive to
the OF .hs nN h n All Ssn css
for shall be Considered by the fact OF such non
| payment, forfeited to this corporation and the
Board of Directors shall have the power OF selupg
/ the same upon its forfeiture.
| ARTICLE VIII.
| The liability of each stakeholder shall be re-
! s.ricted to his interest in said corporation.
| ARTICLE TX.
This corporation shall exist for the fall period
| permitted by law, and Tor the purpose Of hqui-
| dating the affairs of this corporation three com
mssioners to be elected by the stockholders, shall
| have ample powers to carry the same Into full CT
| 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 fol
! the election of such commissioners. The liQutda
ton shall be in the manner and within the TIME
| directed by the stockholders, at meeting to be
| convened for that object.
Thus done and passed in my office, at the city Of
Few Orleans, the day, month and year herein
first above written. in presence OF Messrs Alcee
| Ker and Henry 4. Ker competent witnesses, who
| hereunto sign their names. together with said ap
| bearers and me, notary, after due reading.
| ALCER j. KBR,
| HENRY Z. KER.
| ROBERT j. KER, Notary Public.
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